Update news The Gioi Di Dong
The Gioi Di Dong (Mobile World - MWG), which has had an ambitious plan to enter all retail market segments, from luxury to common products, has unexpectedly closed hundreds of stores.
The mobile phone market is getting saturated and phone distributors must seek a new driving force for growth from other sectors.
The digital sector is expected to contribute 30% to Vietnam's economy by 2030.
Opening laptop centers is one of the plans implemented by mobile phone retailers to restructure their business as their core field no longer brings satisfactory profit.
Mobile phone sales in the Vietnamese market decreased in the last three months, which has been anticipated.
Locked iPhone 11 Pro Max 64 GB is offered at VND21.9 million, half of the price of international version.
Five Vietnamese e-commerce platforms were named among ten most visited sites in Southeast Asia in the first half of this year.
iPhone XR and iPhone 8 were the two Apple’s bestsellers in the US in the second quarter. However, they have not caught the attention of Vietnamese iPhone users.
Seeing signs of young Asians migrating to Vietnam to work in the technology sector, NextTech president Nguyen Hoa Binh said the so called trend of ‘made-in-Vietnam technology products made by South Korea or China’ is very likely to happen in Vietnam.
The Gioi So (Digiworld), the mobile phone retail chain, is seeking to distribute office equipment, while FPT Shop is trying online sale models and The Gioi Di Dong (Mobile World) is focusing on its department stores.
VietNamNet Bridge - Observers said iPhone XR appears to have the same problem as iPhone 5C which had a high price but few outstanding features.
Experts have voiced concern over the move of refusing domestically made goods by some Vietnamese retail chains, saying that if domestic retailers and manufacturers cannot cooperate, local goods will lose their positions in the home market.