Mr. Nguyen Dang Quang (born 1963, in Quang Tri) graduated with a PhD in Nuclear Physics from the Belarusian Academy of Sciences. After finishing his studies, he stayed in Russia and started his business in the 1990s by selling instant noodles to Vietnamese people living here, then investing in soybeans, fish and chili sauce. In 2002, Mr. Quang returned home and developed products such as Chinsu soy sauce, Chinsu chili sauce, Nam Ngu fish sauce, Omachi noodles, Ponnie sausage, Vinacafe coffee…
Masan Group is one of the largest enterprises in the consumer and retail segment, after buying the Vinmart chain from billionaire Pham Nhat Vuong and changing its name to Winmart.
Mr. Quang is the person who spent billions of dollars to continue the dream of billionaire Pham Nhat Vuong, developing a retail system of Vietnamese goods, which was once overwhelmed by many foreign retail corporations.
Recently, many foreign retailers such as AEON of Japan, GO of Thailand… have developed quite strongly, but the Winmart system continues to restructure and expand strongly. This is a channel that sells many types of Vietnamese goods, including Masan’s own consumer goods.
In 2023, Masan recorded a positive growth in net revenue compared to the previous year to nearly 78.3 trillion VND even though consumption in the domestic market decreased.
The most outstanding point of Masan is that the core consumer production and business segment continues to record sustainable growth, while the retail business segment shows signs of achieving good profits in the medium term.
For the first time after the Covid-19 period, the WinCommerce retail system (WCM) nearly reached the EBIT capitalization point (profit before interest and taxes). This is an important milestone for Masan on the roadmap to reach the break-even point of profit after tax for the entire network in 2024.
Dr. Nguyen Dang Quang said that WinCommerce is on track to reap sustainable profits in 2024. Masan Consumer Holdings is returning to the growth trajectory.
Up to now, Masan has also created quite a few rich people, including Mr. Nguyen Dang Quang (1 billion USD), Ms. Nguyen Thi Thanh Thuy (7,250 billion VND), Nguyen Hoang Yen (2,900 billion VND), Nguyen Thieu Quang (1,400 billion VND)…
Masan’s growth prospects are also strengthened when large foreign corporations and investment funds take advantage of pouring money into large Vietnamese enterprises, especially in the fields of consumption, retail, pharmaceuticals and finance. when this is considered the “golden time” of Vietnamese consumption.
Recently, the world’s leading private investment fund Bain Capital with total assets under management of approximately 180 billion USD, invested at least 200 million USD in equity into Masan Group, with a value of each share of 85,000 USD. copper. This is a much higher price than the 67,0000 VND/share currently trading on the floor.
A number of other investors are negotiating with Masan and based on the group’s capital needs as well as market conditions, Masan can increase investment attraction to up to 500 million USD.
According to Mr. Nguyen Dang Quang, Masan is oriented from a consumer corporation to become a consumer-retail corporation connecting consumers with technology in both traditional offline and online channels, following the Consumers of Things orientation. connecting consumer needs).
Mr. Danny Le, General Director of Masan, said that Masan will develop a multi-channel platform, providing information, products, services and experiences, thereby meeting all customer needs.
In 2020, Masan Group acquired the tungsten business platform of the world’s leading heat-resistant technology manufacturer HC Starck (Germany). This is a strategic step to transform Masan Resources from a crude mining company into a leading manufacturer of high-tech industrial materials in the world.
In mid-2022, HC Starck Tungsten Powders (HCS), a subsidiary of Masan High-Tech Materials (MHT), invested in Nyobolt Limited (Nyobolt), a company specializing in providing fast-charging Li-ion battery solutions. Lithium-ion batteries made by Nyobolt have record high capacity and extremely fast charging capabilities.
