Vingroup Joint Stock Company (HOSE:VIC), is in discussions to sell a stake in its shopping mall arm as it seeks to bring in strategic investors, five sources told Reuters on March 29, 2023. Vincom Retail Joint Stock Company (HOSE:VRE), Vietnam's biggest shopping mall operator, which is nearly 60% controlled by Vingroup, commands a market value of $2.8 billion. The sources said Thailand's biggest retailer Central Group and other companies are in negotiations to buy a stake in Vincom Retail.

Three of the sources said Vingroup is open to selling a majority stake but no final decision has been taken and discussions with potential buyers are ongoing. Vingroup and Central Group declined to comment. The sources declined to be identified due to the sensitivity of the mater.