Dragon Capital and VinaCapital have completed the purchase of a 30 per cent stake, equaling six million shares, in FPT Retail, aiming to plunge deeper in the retail sector in general and the mobile retail sector in particular.
The Bphone 2017, the next generation of the Vietnamese-made smartphone developed by Hanoi-based Bkav, is finally being released this month in its creator’s bid to turn the tide after the notorious failure of the phone’s maiden model in 2015.
As the competition in the domestic retail market heats up, big Vietnamese-owned retail chains are considering neighboring markets like Myanmar, Laos and Cambodia.
Phone distribution chains are selling many other products together with mobile phones to earn extra money.
BPhone 2, a high-end product of BKAV and the first made-in-Vietnam high-end smart phone, is expected to be marketed in August.
Retailers’ great efforts to develop online sales have been rewarded with initial success.
A Google representative said that in the near future, Vietnam’s e-commerce performance will be ‘mobile only’.
Mobile phone sales, which did not see the usual spike during last month’s festive season, seem set to surge in the run-up to the Lunar New Year (Tet).
Reports about ESOP (employee stock ownership plan) and Tet bonus programs from businesses show that those who have received the biggest bonuses were mid- and high-ranking managers.
The Gioi Di Dong (Mobile World), the largest mobile phone distribution chain, shut down its 22 shops at Big C Vietnam after the retailer fell into Thai hands. Cdiscount, an e-commerce website, will stop operation from December 31.
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.
Sources say that FPT Shop, which has announced that it is seeking investors, has met foreign partners who are well-known in the business world.
Laptop sales have plateaued despite companies launching new products to stimulate the market, with insiders blaming it on the economy and a switch by consumers to tablets.
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.
Hi-tech products, which are frequently updated and offer new features, remain in high demand, generating big profits.
Nine foreign funds have acquired more than 4.4 million shares, or a combined stake of around 3%, in one of Vietnam's biggest mobile retailers - The Gioi Di Dong (Mobile World Group).
A lot of Vietnamese businessmen nurture plans to ‘do big business’. Some of them have succeeded, while others have tasted failure, but they do not give up, still awaiting new opportunities.
VOV.VN - Last year’s second edition of the e-commerce ‘Online Friday’ reported 300,000 orders – nearly double that of the prior year – 80% of which were for technology, fashion items or home appliances.
Ambitious plans of big mobile phone retailers including The Gioi Di Dong (Mobile World), FPT Shop and Vienthong A to open thousands of outlets have made life difficult for smaller businesses in the sector.