Luckin Coffee has 100 outlets in Southeast Asia's smallest country
Luckin Coffee, China's largest coffee chain, has opened its 100th store in Singapore, the smallest Southeast Asian country by land area, after just three years in the market.
Southeast Asia's wealthiest individual, Pham Nhat Vuong, has founded a new company called VOG to enter the oil industry. Vingroup, Vietnam's largest listed company controlled by Vuong, holds a 51% stake in VOG with a charter capital of VND1 trillion ($38.5 million). The principal business activities of VOG will be investment in and trading of petroleum, oil, and gas. This move aligns with Vingroup's recent expansion into infrastructure and energy, with the new company adding another area of activity in the energy sector.
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