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Leading electronics retailer The Gioi Di Dong (Mobile World – MWG) has said it might close 200 stores with moderate sales this quarter. Its October income statement reveals plans to close the underperforming stores to optimize costs. It said: “These are…
Erablue, the electronics retail chain of The Gioi Di Dong (Mobile World ) in Indonesia, has increased its monthly sales to VND30 billion from VND17.5 billion (US$0.7 million) in the latter part of 2022. With five stores, it reported monthly revenues of VND25…
Mobile World is all set to enter Indonesia, its second overseas foray after setting up shop in Cambodia five years ago. “We are trying our best to open our first Indonesian store this year,” CEO Doan Van Hieu Em told shareholders last weekend. Vietnam’s…
Leading electronics retailer Mobile World is eyeing a 16 percentage point increase to obtain a market share of 60 percent by 2022. The company also wants to raise its smartphone share from 48 percent last year to 55 percent by 2022, according to a recent…
Mobile World says sales grew by 39 percent in the first eight months of the year to VND58.7 trillion ($2.5 billion). Profit after tax was up 36 per cent to VND1.97 trillion ($84.34 million) year-on-year. HCMC-based Mobile World Investment Corporation (MWG),…
Vietnam’s Mobile World saw a 43 per cent jump in revenue in the first five months of this year. The mobile device and consumer electronics retailer posted net sales of VND37 trillion (US$1.61 billion) and an after-tax profit of $55.8 million, 44 per cent up…
Despite revenue growth, Vietnam retailer Mobile World has shuttered six The Gioi Di Dong stores. It closed the outlets last month following one earlier closure with a plan to maintain 1065 stores nationwide. The company says it has decided not to expand its…
FPT Digital Retail is set to launch an IPO on the Ho Chi Minh City Stock Exchange on Friday week. Details of the IPO pricing have not been disclosed, but the retail arm of Vietnam’s largest IT company plans to use the proceeds over the next three years to…
Vietnam’s Mobile World is recruiting pharmacists, with a plan to expand into pharmacy retailing. In a job ad on Pharmalink, Mobile World is seeking experienced pharmacists to set up business, train employees and help operate a pharmacy chain. Mobile World’s…
Vietnam’s Mobile World – the electronics retailer – says it plans to open 300 more grocery stores under the Bach Hoa Xanh banner this year. The convenience store chain targets time-poor Vietnamese housewives who prefer small stores to crowded supermarkets or…
One of Vietnam’s largest private tech firms, FPT Corporation is planning to sell a large stake in its retail and distribution units, providing an opportunity for regional players to buy into the fast-growing Vietnamese market. Funds from the sale will be used…
The Vietnam mobile phone market is heating up, with major retailers pushing smaller businesses to the wall as new branded stores open almost every week. With limited marketing budgets, smaller retailers, the traditional mainstay of the mobile phone business,…
As well as electronics and mobile phones, its usual products, Vietnamese chain Mobile World is planning to distribute groceries in its first stores in Cambodia, Laos and Myanmar. CEO Tran Kinh Doanh says the stores will open early next year. Meanwhile, he has…
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