We attended MSN’s AGM on April 1, 2021. Management’s presentation focused on Masan’s vision for its integrated consumer franchise, which aims to synergize MCH (FMCG), MML (branded fresh meat) and VCM (grocery retailing) to build a strongly competitive consumer product and retail distribution platform. In addition, Masan targets synergies between VCM’s physical store network and Techcombank (TCB) to boost financial inclusion among rural consumers and tap into their underserved demand for financ