Vietnam's top mobile retailer expands electronic chain

The Gioi Di Dong (Mobile World), Vietnam's biggest retailer of mobile devices, plans to open another 286 electronics stores in an effort to double its market share to 30 percent next year, local media reported on July 21.

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In the first six months, the company launched 33 new outlets, expanding its Dien may Xanh (Green Electronics) chain to 119 stores around the country, according to news website VnExpress.

Figures from the company showed that electronics sales grew 212% year-on-year to over VND4.56 trillion (US$202 million) in January-May. That was equivalent to more than 28% of its revenue in the same period.

In September last year The Gioi Di Dong made a foray into the sector of food retail, and its chain Green Grocery now has 15 stores around Ho Chi Minh City.

The company, which owns a chain of 977 mobile stores around Vietnam, expects its revenue to top US$1.5 billion this year, up nearly 34% from last year.