Vietnam’s Mobile World plans pharmacy chain

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 representative confirmed its plan to test new business model without revealing the numbers of stores to be set up.

In shareholders’ meeting in March, Mobile World’s president Ngo Duc Tai shared the group’s expansion plan by merger and acquisition (M&A) deals in groceries, pharmacy and others, with a budget of US$110 million.

Ngo revealed that in upcoming years, the group might test medicine retailing via M&A with some pharmacy chains which already has 10-15 stores, and would expand to 500 stores.

In August, Mobile World finished its first M&A deal with Tran Anh electronics chain.