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Vincom shifts focus from expansion to upgrades

(Source: Supplied)
Reports have been circulating for more than a month now that Thailand’s Central Group is in talks with Vietnam’s Vincom Retail that could lead to the Thai company buying a majority stake. Central, which already operates the Big C chain in Vietnam, would be a good strategic fit with Vincom; indeed, Central has the same dominant position in the Thai market that Vincom has in Vietnam, as a Thai mall developer, and operator of supermarkets (Tops), department stores (Central and Robinson) and a h