With a scale of nearly US$180 billion and an annual two-digit growth rate, the Vietnamese consumer retail market is being squeezed by foreign investors.
A number of listed companies have announced lower earnings in April after closing for half of the month.
Many retailers in phone and electronics segments focus on developing online channels to survive the coronavirus pandemic.
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.
Electronics seller Mobile World and Phu Nhuan Jewelry are competing for a bigger share of Vietnam’s wrist watch market.
VOV.VN - The biggest Vietnamese retailer - Mobile World (Hose: MWG) - has become an exclusive distributor of genuine superhero watches in Vietnam, according to a recent exclusive deal with Richburry Ltd., a copyrighted manufacturer of superhero watches.
VOV.VN - Mobile World, the leading mobile phone retailer, has demonstrated its ample capabilities in watch distribution through swift expansion and robust sales from the get-go.
Thousands of Vietnamese citizens have preordered the latest Apple iPhone models before they are officially released in the country.
In Vietnam, Nhat Cuong and other chains belong to the second-tier group of distributors which sell both official and unofficial imported products, the two segments in the Vietnamese distribution market.
With certain advantages, convenience stores have been an increasingly popular shopping destination for customers, and they have also become a choice for domestic retailers to compete with foreign rivals.
Retail giant Mobile World is the latest player to offer genuine branded watches, following jewelry retailers PNJ and DOJI.
Retail giant Mobile World Investment Corporation has announced plans to invest VND1 trillion ($43.07 million) in Bach Hoa Xanh, its groceries business.
The State Bank of Vietnam (SBV) has issued a decree asking businesses to enhance customer information privacy after an alleged breach of mobile retail chain The Gioi Di Dong (Mobile World) revealed personal information of more than five million customers.
Vietnam has kicked off the Year of the Dog with major investment deals in private equity, showing investors’ confidence in the fast-growing sector.
Giant retailers who have been eyeing the drug retail market for years have finally joined the game with ambitious plans to remap the market.
The Gioi Di Dong (Mobile World) Co. Ltd. on January 3 officially finished the acquisition of Dien May Tran Anh (Tran Anh Digital), giving it the ownership of an over 90% stake at Tran Anh.
The Competition and Consumer Protection Department under the Ministry of Industry and Trade has given the go-ahead for the merger and acquisition (M&A) deal between the two largest local electronic retailers – The Gioi Di Dong (Mobile World) and Tran Anh Digital World.
Top Vietnamese mobile phone retailer Mobile World Group (MWG) completed its first corporate bond issuance, worth a total of VND1.135 trillion, or about US$50 million, on November 21.
Mid-range smartphones are offering affordable prices and attractive features as manufacturers prepare for competition in the market segment.
Although detailed information about the electronics chain to be acquired by Mobile World Investment Corporation (MWG) has not been released yet, according to rumours, the chain might be Tran Anh Digital World JSC (Tran Anh—ticker TAG on HNX), a big rival of MWG.