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|Vingroup issues e-commerce app for groceries|
The app will join in the Vingroup ecosystem that includes VinID, VinFast POS, MyVinpearl, and VinVocatest.
VinShop was developed by One Mount Group and allows owners of groceries to order wholesale goods with discounts from suppliers and manufacturers.
In September 2019, One Mount Group was established as a joint venture between Masan Group, Techcombank, and Vingroup. The company's charter capital is VND3 trillion ($130.4 million), with Vingroup holding 51.22 per cent.
A short time after One Mount Group was established, Vingroup and Masan imerged Vincommerce with Masan Consumer Holdings to create one of the largest retail-consumer goods groups in Vietnam.