Masan Group signs agreement with Canadian credit agency

EDC will open its first office in Vietnam in late November, in alignment with Canada’s Indo-Pacific strategy to promote the nation's interests in the region. The MoU aims to foster deeper economic collaboration between Canada and Vietnam, creating new and expanded opportunities for Canadian businesses and investors seeking to enter, grow, and succeed in Vietnam.

Masan Group has been at the forefront of Vietnam’s impressive economic development over the past three decades, serving 100 million Vietnamese and global consumers by addressing their basic daily needs (fast-moving consumer goods, grocery retail and fresh/processed meat), expanding to cover also financial (credit, investments and payment services) and lifestyle needs (telecommunications, entertainment/leisure and healthcare).

As Masan Group executes its 'Go Global' strategy, EDC will provide Masan access to its deep international networks to grow beyond Vietnam, while also considering long-term financing support to Masan Group’s businesses, including Masan’s tungsten mining and processing business. Masan will help EDC build knowledge of the market and facilitate introductions to strategic networks and partners to assist Canadian exporters and investors with market entry.

"Vietnam is one of the fastest-growing economies in the Indo-Pacific region and Canada’s largest trading partner within the ASEAN, providing extensive opportunities for Canadian exporters and investors," said Todd Winterhalt, senior vice-president of International Markets and head of Communications and Public Affairs at EDC.

"This partnership with Masan, a market leader in Vietnam, is a first for EDC in the country and will support the advancement of trade between both our nations in key sectors where Canada has strengths, including agri-food, consumer goods and mining," Winterhalt added.

Decoding growth drivers at Masan Group Masan Group has identified its growth drivers for the rest of 2024, mainly focusing on its organic growth, consumer-focused strategy and the improved economic environment.

Vietnam’s FMCG company wants to pay cash dividends after paying the cash dividend ratio of 268 per cent for 2023 Masan Consumer concluded a list of shareholders on September 26 that will receive additional cash dividends for 2023 of 168 per cent. The company recently announced the plan to pay 2024 dividend in cash

Masan Consumer reveals IPO roadmap On October 2, Masan Consumer (Stock code: MCH) announced Resolution of the Board of Directors approving the transfer of MCH shares from UPCoM to listing on the Ho Chi Minh City Stock Exchange (HoSE).