Vietnamese conglomerate Vingroup’s electronics retailing arm VinPro is set to acquire mobile retail chain Vien Thong A next month.

A source familiar with the matter told DealStreetAsia that staff have been informed about the deal, and a merger process has commenced.

However, Vien Thong A’s vice GM Huynh Viet Anh responded to a local newspaper asking about the report’s accuracy: “That can not be disclosed now.”

Vien Thong A is one of the largest mobile device retailers in Vietnam. Founded in 1997, tit has 200 stores across the country.

The deal is said to have been on and off since early this year, before being deferred to the second quarter. According to the report, VinPro, which has 35 outlets nationwide, would buy 71 per cent of Vien Thong A, and rebrand its stores to VinPro+.

VinGroup, meanwhile, recently unveiled its first smartphone, branded the Vsmart.