Many retailers in phone and electronics segments focus on developing online channels to survive the coronavirus pandemic.
Retailers boosting online presence and opening stores to capitalize on rising popularity of genuine high-end watches.
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.
Along with the impacts of the Comprehensive and Progressive Trans-Pacific Partnership, removing the requirement for an economic needs test will create more pressure on the domestic retail sector, and force local retailers to improve competitiveness to prevent being swallowed up by foreign players.
More corporations are buying shares in enterprises in the same business fields in an effort to become the dominant players in the market.
The landfall of foreign e-commerce giants arriving to Vietnam is not only a threat for traditional retailers but also an opportunity to streamline and improve their operation methods.
Mekong Capital has announced that Mekong Enterprise Fund II (MEF II) completed the divestment from Mobile World Investment JSC (HoSE: MWG) for a 57x cumulative return on investment.
Vietnam’s pharmaceutical retail industry is forecast to see significant competition in 2018, with the entry of new players with strong financial capacity and experience in distribution.
Mobile World Group (MWG) has just announced completing the acquisition of a 95% controlling stake in Tran Anh (TAG).
With hefty experience in distribution and retail, Mobile World, FPT Retail, Digiworld, and Nguyen Kim have been entering pharmaceutical retail, but who will seize control?
Following initial success, some Vietnamese businessmen have made daring decisions pouring trillions of dong into huge projects, vowing to turn their conglomerates into businesses of international stature.
Retailers have geared up to spend trillions of dong to expand their networks as more powerful foreign retailers enter the market.
Since the establishment of the ASEAN Economic Community (AEC), Vietnam has become a potential market for regional retailers, which promotes the development of the domestic retail sector, but also alerts domestic enterprises to watch out and continuously improve to not fall behind.
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.
The number of Mobile World Investment Corporation (MWG) retail outlets doubled to 1,207 in 2016 from 633 in 2015, with three new outlets opening every two days on average.
As the two dominating names in consumer electronics retail, Mobile World Investment Corporation (MWG) and FPT, are slowing down or trying to branch out, it seems that consumer electronics in Vietnam is losing its allure.
A Thai fund has bought 1.5 million shares in Mobile World Investment Corp (MWG), one of Vietnam’s leading mobile retailers, at a price of more than US$11 million.
Instead of opening e-commerce floors in the old way, some businesses have tried new solutions to develop online sales to avoid repeating the same mistakes made by their predecessors.
Nguyen Kim, a retailer of mobile phones and home appliances, is expected to open stores at Big C supermarkets, replacing mobile phone retailer The Gioi Di Dong which has moved out of the Big C chain.
The Gioi Di Dong has had to close 22 stores at Big C shopping malls following the supermarket chain's recent acquisition by a Thai firm.