Mobile World

Update news Mobile World

Mobile World Investment Joint Stock Company has stated that information posted on August 24-25 on a number of foreign and Vietnamese news sites about its Bach Hoa Xanh chain is inaccurate.

Foreign investors pour VND1.5 trillion into Mobile World

Foreign investors have spent VND1.5 trillion to buy MWG shares of The Gioi Di Dong Investment JSC (Mobile World) as prices hover around the historic peak.

Vietnam’s tech retailer expands its network to Indonesia

Mobile World will cooperate with Indonesia retailer Erafone to open stores selling technology products in Indonesia.

Mobile World and foreign partner to open new retail chain in Indonesia

Doan Van Hieu Em - CEO of two tech retail chains The Gioi Di Dong (Mobile World) and Dien May Xanh – told VietNamNet that the Mobile World will open a new retail chain in Indonesia this year.

Apple and Samsung open their own stores in Vietnam, why?

According to tech retailers, the brand-exclusive store model (Mono Store - or specialized store) is a new business form in Vietnam but has already been operating in many countries.

Mobile World to open new retail chain selling only Apple products

Vietnam’s big retailer Mobile World has announced that its TopZone chain will sell Apple products only.

Mobile World shoots for breakthrough growth in Cambodia, eyeing other oversea markets

Bluetronics - Mobile World Investment Corporation (MWG)’s household electronic appliance chain in Cambodia, similar to the Dien May Xanh chain in Vietnam - will celebrate its 20th store to then start gunning for 50 stores before the year ends.

Four-month earnings slow but firms hope for better months ahead

A number of listed companies have announced lower earnings in April after closing for half of the month.

Future Apple Store may fail to bite into retailers

Rumours of Apple setting up a manufacturing base and opening its first Apple Store in Vietnam have sent consumers into frenzy, but local tech retailers and parallel importers do not seem particularly worried

Mobile World asks for a 50 per cent discount in rental costs

Mobile World JSC is asking for a 50 per cent discount on its store rental costs across the country for 12 months due to the COVID-19 pandemic.

Tech retailers manage to survive COVID-19 pandemic

Many retailers in phone and electronics segments focus on developing online channels to survive the coronavirus pandemic.

VN Government decree drafted to protect personal data

The Ministry of Public Security is drafting a governmental decree on personal data protection in order to protect the legal rights and interests of individual and organisations.

Tran Anh Digital to terminate all branches

The management board of Tran Anh Digital World JSC has approved a plan to terminate all its branches, which will be carried by the company’s chairman, ndh.vn reported.

 

Smartphone market saturated, distributors now selling FMCG

Smartphone distribution is no longer the major driving force for technology product retailers, who are now trying to make money from FMCG (fast moving consumer goods) and food sales.

Highlights of the technology product retail market in 2018

The prices of some smartphones reached a record high in the year, while shakeups occurred in the industry among leading players.

The Gioi Di Dong goes international

 Giant mobile phone retailer The Gioi Di Dong (Mobile World) Investment Corporation has opened its first store outside the country.

Mobile World, Viettel ink co-operation to develop 4G

 Giant mobile phone retailer Mobile World Joint-Stock Company on Wednesday announced its partnership with military telecommunication firm Viettel to explore more 4G subscriptions nationwide.

Small mobile retailers hit by big chains

 Small retail stores for mobile phones are being excluded from the market as they must now compete with big retail chains and many have to close down.

BUSINESS IN BRIEF 14/1

Parkson opens first mall in Da Nang; Senior SHB executive arrested; Mobile World receives $2m in shares after bonus payout; State Treasury to issue G-bonds in Q1; Guidelines issued on selling public firms

Mekong Capital wants to sell $11 million shares of Mobile World

 VietNamNet Bridge - Mekong Capital has registered to sell 2.24 million shares of a total of more than 15 million shares of Mobile World that the fund currently holds.