Mobile World

Retail Asia27/11/2023

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 stores that have low sales and profit. We will be closely monitoring their performances […]

Retail Asia18/09/2023

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 billion ($1.05 million) in the first half of this year. The VND5 […]

Retail Asia21/02/2022

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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 biggest electronics retailer opened a BigPhone smartphone store in Cambodia’s Phnom […]

Retail Asia19/03/2021

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 report put out by brokerage SSI Securities Corporation after its […]

Retail Asia26/09/2018

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), established in 2004 as a seller of mobile phones, has since diversified into a […]

Retail Asia28/06/2018

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 year-on-year. Of its divisions, electronic retail arm Dien May Xanh […]

Retail Asia25/05/2018

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 store network to focus on revenue growth, but with the closing spree […]

Retail Asia08/12/2017

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 open 100 stores officially licensed by […]

Retail Asia25/10/2017

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 […]

Retail Asia18/01/2017

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 hypermarkets. With 50 stores in Ho Chi Minh City’s Binh Tan district alone, Bach […]

Retail Asia13/04/2016

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 to help with mergers and acquisitions (M&A) in the information technology area. At […]

Retail Asia30/03/2016

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, are unable to complete, reports TalkVietnam.com. Mobile World, which has a 39 per cent market share […]

Retail Asia02/02/2016

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 revealed two goals – to become one of the biggest eCommerce firms […]

Tag: Mobile World

Mobile World to close 200 unprofitable stores in Q4

Electronic retailer Mobile World grows revenues in Indonesia

Mobile World to expand into Indonesia this year

Mobile World eyes 60 pct market share

Mobile World reports surging sales, expands fresh-food business

Vietnam’s Mobile World sales rises

Vietnam’s The Gioi Di Dong closed stores

FPT Retail to hold IPO in mid-December

Vietnam’s Mobile World plans pharmacy chain

Vietnam’s Mobile World plans 300 grocery stores

FPT Vietnam to sell stake

Vietnam mobile phone market heats up

Mobile World crossing borders