Vietnam’s Mobile World plans pharmacy chain
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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.
Questions & Answers
Q.What is Mobile World's initial strategy for entering the pharmacy market?
What is Mobile World's initial strategy for entering the pharmacy market?
Mobile World intends to test medicine retailing through a merger and acquisition deal with existing pharmacy chains. These chains should already have 10-15 stores, which would then be expanded to 500 stores.
Q.What budget has Mobile World allocated for its expansion plans?
What budget has Mobile World allocated for its expansion plans?
Mobile World has set aside a budget of US$110 million for its expansion strategy. This includes potential merger and acquisition deals in groceries, pharmacy, and other sectors in upcoming years.
Q.What is Mobile World looking for in terms of personnel for its new pharmacy venture?
What is Mobile World looking for in terms of personnel for its new pharmacy venture?
Mobile World is actively recruiting experienced pharmacists. These individuals will be responsible for setting up the business, training new employees, and helping to operate the planned pharmacy chain as it expands.
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