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Mobile World
How major retail players WinCommerce, Bach Hoa Xanh navigate Vietnam market
The country’s two biggest retailers of consumer goods, WinCommerce and Bach Hoa Xanh, have differing growth strategies.
Mobile World’s Indonesian stores each report $183,000 monthly sales
Mobile World caps grocery chain stake sale at 10%
Mobile World chairman buys only 11% of registered share purchase
Mobile World Group chairman Nguyen Duc Tai bought only 11% of the one million MWG shares he has registered to purchase due to “unfavorable market conditions.”
December 8, 2023 | 04:36 pm PT
Foreign investors dump Mobile World as sales tumble
Foreign investors have been net selling MWG shares of electronics retail chain Mobile World for the last six months as the company’s earnings drop amid declining demand.
December 4, 2023 | 11:30 pm PT
Mobile World to close 200 unprofitable stores in Q4
Leading electronics retailer The Gioi Di Dong (Mobile World - MWG) has said it might close 200 stores with moderate sales this quarter.
November 26, 2023 | 08:05 pm PT
Mobile World's price war hits electronic retailers' profits
Leading retailer The Gioi Di Dong (Mobile World) has managed to increase its sales and market share after launching a price war early this year but at the cost of profits.
November 9, 2023 | 06:57 pm PT
Mobile World chairman picks up 1 million tumbling shares
Mobile World Group chairman Nguyen Duc Tai has registered to buy one million shares of the company after they fell to a three-year low.
November 4, 2023 | 08:23 pm PT
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
Electronic retailer Mobile World grows revenues in Indonesia
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.
September 17, 2023 | 08:30 pm PT
Home Credit, Mobile World aim for $2B in revenues via partnership
Home Credit and Mobile World have cooperated to provide special financial support for customers of Mobile World’s chains, including thegioididong.com, Dien May Xanh, and TopZone, from Aug. 16.
August 20, 2023 | 09:05 pm PT
Top electronics retailers Mobile World and FPT Retail see profits fall
Profits of both Mobile World and FPT Retail plunged over 90% year-on-year in the first quarter of 2023 as demand for electronics plummeted.
May 1, 2023 | 01:15 am PT
Mobile World continues to bet on Indonesia
Electronics retailer Mobile World has underlined its commitment to Indonesia, saying it sees the same large potential for growth there as in Vietnam a decade ago.
April 9, 2023 | 09:02 pm PT
Top electronics retailers Mobile World and FPT Retail facing a rough year
Mobile World is expecting revenues to mostly flatline this year while FPT Retail is anticipating halved profits as the electronics market continues to suffer the pangs of current economic strife.
March 27, 2023 | 07:42 pm PT
Vietnamese retailer Mobile World closes stores in Cambodia
Mobile World, a major retailer of smartphones and electronics, is closing its Bluetronics smartphone and electronics chain stores in Cambodia in Q1.
February 17, 2023 | 06:49 am PT
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