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Mobile World caps grocery chain stake sale at 10%

Mobile World caps grocery chain stake sale at 10%

Grocery chain Bach Hoa Xanh, operated by electronics retail giant Mobile World, is set to sell a 5-10% stake to increase capital, down from an earlier plan to sell 20%.
Mobile World Group restructure sees 150 stores closed

Mobile World Group restructure sees 150 stores closed

Mobile World Group shut down 150 The Gioi Di Dong, Dien May Xanh and TopZone stores in October and November as part of its comprehensive restructuring.
December 26, 2023 | 07:10 pm PT
Singapore's GIC among bidders vying for stake in Vietnam's third-largest grocery chain

Singapore's GIC among bidders vying for stake in Vietnam's third-largest grocery chain

Singapore's sovereign wealth fund GIC is among investors vying to buy up to 20% stake in grocer Bach Hoa Xanh from Vietnam's retail giant Mobile World Investment.
September 27, 2023 | 10:52 pm PT
Mobile World records 4% profit rise in 9 months

Mobile World records 4% profit rise in 9 months

Electronics retail giant Mobile World recorded a Jan-Sept profit of VND3.48 trillion (US$140.14 million), up around 4% year-on-year, with revenues surging more than 18% to VND102 trillion.
October 30, 2022 | 01:58 am PT
Grocery chain Bach Hoa Xanh to profit in Q4

Grocery chain Bach Hoa Xanh to profit in Q4

Bach Hoa Xanh is set to become profitable in the last quarter this year after closing 400 ineffective outlets in the first seven months, Mobile World Chairman Nguyen Duc Tai has said.
August 22, 2022 | 02:45 am PT
Grocery chain Bach Hoa Xanh revenues drop on store closures

Grocery chain Bach Hoa Xanh revenues drop on store closures

Grocery chain Bach Hoa Xanh suffered an 8 percent fall in sales year-on-year in the second quarter to VND6.76 trillion (US$289.47 million) following its closure of hundreds of outlets.
July 31, 2022 | 11:59 pm PT
Grocery chain Bach Hoa Xanh shuts down over 300 outlets

Grocery chain Bach Hoa Xanh shuts down over 300 outlets

Bach Hoa Xanh seems to have closed over 300 of its stores in recent months amid a comprehensive review to prepare for nationwide expansion next year.
July 12, 2022 | 11:50 pm PT
Mobile World to sell 20 pct stake in grocery chain

Mobile World to sell 20 pct stake in grocery chain

Mobile World plans to sell a 20 percent stake in its grocery chain Bach Hoa Xanh in this or next year to expand its operation nationwide.
April 1, 2022 | 08:00 pm PT
Mobile World profits rise 8 pct

Mobile World profits rise 8 pct

Vietnam’s biggest electronics retailer, Mobile World, reported an 8 percent rise in profits to VND1.08 trillion ($47 million) in January-February.
March 29, 2022 | 05:26 pm PT
Mobile World reports 26 pct profit growth

Mobile World reports 26 pct profit growth

Electronics retailer Mobile World has reported net profits of VND2.552 trillion ($110.9 million) for the first half of the year, a 26 percent year-on-year increase.
July 29, 2021 | 05:41 pm PT
35 Bach Hoa Xanh stores in HCMC to remain open 24 hours

35 Bach Hoa Xanh stores in HCMC to remain open 24 hours

Supermarket chain Bach Hoa Xanh has sought approval to set up 35 overnight outlets in HCMC from Tuesday.
July 19, 2021 | 09:29 pm PT
Bach Hoa Xanh stores fined for price gouging

Bach Hoa Xanh stores fined for price gouging

Two Bach Hoa Xanh stores have been fined for selling goods at prices higher than marked and for not having price tags on others.
July 18, 2021 | 08:28 pm PT
Mobile World’s grocery chain reports rise in revenues

Mobile World’s grocery chain reports rise in revenues

Mobile World’s grocery chain Bach Hoa Xanh reported a 158 percent increase year-on-year in January-August revenues and a growing network of stores.
September 22, 2019 | 08:56 pm PT
Mobile World doubles down on groceries business

Mobile World doubles down on groceries business

Retail giant Mobile World Investment Corporation has announced plans to invest VND1 trillion ($43.07 million) in Bach Hoa Xanh, its groceries business.
February 27, 2019 | 09:05 pm PT
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