MWG to open hundreds of new stores in 2017
Thursday, June 29,2017AsemconnectVietnam - Mobile World Investment Corp. (MWG), better known as The Gioi Di Dong, is looking to expand its convenience store chain Bach Hoa Xanh by opening some 100-200 new stores next year, the company said at a conference on November 8.
Tai said Bach Hoa Xanh store chain and online shopping site Vuivui.com will be the focus of development from 2019 to 2025 while Thegioididong.com and Dienmayxanh.com will continue to increase their mobile and electronics retail market share.
Thegioididong.com is holding a market share of 38% and Dienmayxanh.com with 17%. In January-September, MWG opened over 400 new outlets, taking the total of both chains to 1,000.
According to MWG, the convenience chain store Bach Hoa Xanh is aimed at serving housewives who want to buy consumer goods and food.
MWG said its revenue in the first nine months of this year reached VND30.78 trillion, up 76% year-on-year, meeting 90% of the corporation’s annual target. Its after-tax profit also rose 64% on year to over VND1.22 trillion.
Source: thesaigontimes.vn
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