March 15, 2025 | 10:35 GMT +7

  • Click to copy
Friday- 14:34, 03/05/2024

Masan targets 10-20% of revenue from the global market

(VAN) According to the 'Go Global' strategy, Masan Consumer aims to achieve 10-20% of revenue from the global market, bringing Vietnamese brands to the world.
Guests experience the WIN store system with the message 'All you need'. Photo: Masan.

Guests experience the WIN store system with the message 'All you need'. Photo: Masan.

On April 25, Masan Group and two member companies, Masan Consumer and Masan MEATLife, co-organized the 2024 Annual General Meeting of Shareholders.

The General Director of Masan Group emphasized his commitment to operating the company effectively and constantly focusing on profit growth since betting on a modern retail network in 2019, which is also the time to build a foundation for Masan's consumer-technology platform, The CrownX (TCX).

"We plan to increase shareholder value for Masan Consumer in the short term and WinCommerce in the medium term. Masan not only focuses on growth but also increases profits in the next 18 - 24 months," said Mr. Danny Le.

Mr. Truong Cong Thang, General Director of Masan Consumer Holdings (MCH), said the company's vision is: "Every Vietnamese family, every Masan product. Every world family, at least one Masan product."

MCH has successfully built five strong brands with annual revenue from USD 150 million to 250 million: Kokomi, Omachi, Chin-su, Nam Ngu, and Wakeup 247, contributing to 80% of total revenue growth.

MCH aims to expand its target market further by providing consumers with premium at-home and restaurant meal replacement products.

Masan Consumer's goal is to own USD 6 billion in brands, implement the "Go Global" strategy, and become the leading company in Southeast Asia in terms of revenue and profit growth.

According to the "Go Global" strategy, Masan Consumer aims to achieve 10 - 20% of revenue from the global market, bringing Vietnamese brands to the world.

Mrs. Nguyen Thi Phuong, General Director of WinCommerce (WCM), said that the business has completed restructuring in 2023, helping revenue increase to VND 7,957 billion and grow 9% in the first quarter of 2024

painting. WCM is committed to serving modern retail channels and rural markets and will own more than 4,000 stores by the end of 2024.

In the first quarter of 2024, WCM's Membership program attracted more than 8.5 million members and opened 1 million new Techcombank accounts.

In 2024, Masan expects consolidated net revenue from VND 84,000 to 90,000 billion, growing from 7% to 15% over the same period last year. Profit after tax is about VND 2,290 to 4,020 billion, growing strongly compared to VND 1,950 billion in 2023.

Author: Ngoc Tan

Translated by Huong Giang

Egg prices are rapidly falling so far in March

Egg prices are rapidly falling so far in March

(VAN) Egg prices have fallen sharply so far in March on some progress in ending a shortage, giving consumers some much-needed relief with the supermarket staple.

Indian rice prices drop amid increased competition and declining demand

Indian rice prices drop amid increased competition and declining demand

(VAN) Indian rice prices have plunged to a 21-month low, shaking up global rice dynamics as key players like Vietnam and Thailand adjust their pricing strategies.

The risk of brand loss of specialty products: Phuc Trach agarwood borer ‘branded’ in South Korea

The risk of brand loss of specialty products: Phuc Trach agarwood borer ‘branded’ in South Korea

(VAN) Carlessness in the field of intellectual property makes Phuc Trach agarwood face the risk of brand loss.

Wood exports get optimistic signals from Canada

Wood exports get optimistic signals from Canada

(VAN) Vietnam is the only market that will increase the export value of wood and wood products to Canada in 2024 and the first month of 2025.

‘Blazing pathway’ for specialty coffee to reach the world

‘Blazing pathway’ for specialty coffee to reach the world

(VAN) Ahead of risks from EU market, several export enterprises have taken initiatives to seek new way, attaching to organic and specialty coffee products.

Asia-Pacific's rice market to grow at 0.9% CAGR, reaching 756M tons by 2035

Asia-Pacific's rice market to grow at 0.9% CAGR, reaching 756M tons by 2035

(VAN) The rice market in Asia-Pacific is forecasted to experience continued growth over the next decade, with an anticipated CAGR of +0.9% in volume and +1.2% in value. By 2035, the market is projected to reach 756M tons and $500.7B, respectively.

Japan aims to increase rice exports 8-fold to 350,000 tons in 2030

Japan aims to increase rice exports 8-fold to 350,000 tons in 2030

(VAN) The Japanese government plans to increase the country's rice exports by nearly eight-fold to 350,000 tons, worth 92.2 billion yen ($623 million), in 2030 from 2024, according to a policy presented to a ruling party meeting Wednesday.

Read more