Vietnam's Vingroup says buying Vinatex's supermarket chain

April 10, 2015 5:48 AM

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HANOI, April 10 (Reuters) - Vietnam's leading property developer Vingroup is buying all of garment producer Vinatex's shares in a subsidiary, enabling it to take over 39 supermarkets, Vingroup said on Friday.

The move is part of Hanoi-based Vingroup's expansion plan in the retail sector where it aims to open 100 supermarkets and 1,000 convenience stores over a three-year period starting 2014, the company said in a news release.

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