Masan Consumer: The Crown Jewel in Billionaire Nguyen Dang Quang’s Portfolio

Billionaire Nguyen Dang Quang highlights Vietnam's market shift from saving to spending, driven by the rapid rise of the middle class.

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On December 4th, in Ho Chi Minh City, Masan Consumer Corporation (Masan Consumer, stock code: MCH) hosted a shareholder meeting to share its growth story, marking its transition from the UPCoM to the Ho Chi Minh City Stock Exchange (HOSE) in December 2025.

Addressing the event, billionaire Nguyen Dang Quang, Chairman of Masan Group, referred to Masan Consumer as a “crown jewel” – not merely a poetic expression, but a testament to its core strengths, surpassing even the standard 4C criteria of conventional diamonds.

This distinction lies in its sustainable investment value and growth potential.

Mr. Quang emphasized that Masan Consumer stands at a pivotal moment as Vietnam’s per capita GDP reaches the $5,000 milestone. This threshold signals an explosion of the middle class, shifting from saving to spending for a better quality of life, fueling robust growth in the consumer goods sector.

He cited the bustling travel during holidays and festivals, with people moving across the country, visiting hometowns, and traveling abroad, as evidence of this transformation.

Billionaire Nguyen Dang Quang discusses the evolving Vietnamese consumer

Mr. Nguyen Dang Quang speaks at the December 4th event

He further highlighted Masan Consumer’s industry leadership, comparing its brands to Apple in the smartphone sector.

Masan Consumer’s products are present in 98% of Vietnamese households, with several brands generating over $100 million annually, including Chin-su, Nam Ngu, Omachi, Kokomi, and Wake-Up 247. These brands dominate approximately 80% of essential fast-moving consumer goods (FMCG) categories such as fish sauce, soy sauce, chili sauce, instant noodles, instant coffee, and coffee-flavored energy drinks.

Masan Consumer boasts extensive market penetration

Additionally, Masan Consumer operates Vietnam’s most extensive, efficient, and sustainable distribution network, directly reaching 500,000 retail points.

The Chairman of Masan Group outlined three growth pillars for Masan Consumer: globalization, bringing Vietnamese cuisine and values to the world with perseverance; leveraging technology for faster, more efficient innovation; and product premiumization.

He illustrated this with the example of Chin-su chili sauce, which sells for $10 in South Korea compared to $1 in Vietnam, demonstrating the potential for value enhancement.

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