Main Japanese electronics retailer Nojima Company has taken a cornerstone stake in Vietnamese electronics chain Tran Anh Digital World.
The corporate says it has acquired 20.86 per cent and intends to take a 30 per cent holding for now.
Tran Anh is predicated in Hanoi and has 15 shops within the northern areas of Vietnam, with plans to open as many as 9 extra this yr.
Nojima’s transfer follows an funding by Thailand’s Central Group in taking a 49 per cent share in Nguyen Kim, a bigger chain dominant within the southern area of Vietnam. And property developer Vingroup has launched what it plans to turn out to be a community of 100 electronics shops in its Vincom purchasing centres, branded VinPro and in smaller standalone outlets beneath the VinPro+ model.
Analysis home GfK reviews house electronics gross sales in Vietnam exceeded US$5.5 billion final yr, the second yr in a row progress within the class has exceeded 20 per cent yr on yr.
Vietnamese information media report Tran Anh posted a tax-paid revenue of US$179,400 within the first quarter of this yr, up 11.5 per cent over the identical interval in 2014.
Nojima first invested in Tran Anh two years in the past, taking a 10 per cent stake.