Vietnam’s điện thoại World saw a 43 per cent jump in revenue in the first five sầu months of this year.

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The di động device và consumer electronics retailer posted net sales of VND37 trillion (US$1.61 billion) & an after-tax profit of $55.8 million, 44 per cent up year-on-year.

Of its divisions, electronic retail arm Dien May Xanh accounted for 56 per cent, thiết bị di động phone retail chain The Gioi Di Dong 41 per cent, và its fledgling grocery chain Bach Hoa Xanh 3 per cent.

According to di động World’s CEO Tran Kinc Doanh, the company plans to lớn expvà Bach Hoa Xanh to 1000 stores in Ho Chi Minch City, và more in other provinces.

The Gioi Di Dong chain has scaled down its network lớn 500 stores this year after closing six stores.


Vietnam’s The Gioi Di Dong closed stores


Despite revenue growth, Vietnam retailer Mobile World has shuttered six The Gioi Di Dong stores.

It closed the outlets last month following one earlier closure with a plan to maintain 1065 stores nationwide. The company says it has decided not khổng lồ expvà its store network to focus on revenue growth, but with the closing spree revenue for The Gioi Di Dong last month dropped 5 per cent from a year earlier khổng lồ US$126.85 million.

Now The Gioi Di Dong looks set lớn open only 500 locations by the over of this year instead of the previous goal of 1000 stores, according to chairman Nguyen Duc Tai.

sản phẩm điện thoại World is also struggling with its grocery business, Bach Hoa Xanh, which has added only 3 per cent lớn the company’s profit.

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In the first quarter of this year, revenue reached $1.31 billion, up 43 per cent year on year, khổng lồ produce profit of $45.94 million, up 44 per cent.


Vietnamese retailers look lớn foreign retail markets


In late June, The Gioi Di Dong JSC, which owns the largest điện thoại phone distribution chain in Vietphái mạnh, opened its first siêu thị in Phnom Penh, Cambodia. The shop in Cambodia is named BigPhone, but it has a br& identity like The Gioi Di Dong shops in Vietphái nam.

The Gioi Di Dong hopes it can earn $100,000 a month from the first shop, và plans lớn open 10-15 shops in Cambodia this year.

A senior executive of Piteo, a home page appliance distribution chain, in early năm nhâm thìn told the press that the chain was considering penetrating markets lượt thích Myanmar, Laos & Cambodia. Of the neighboring markets, Myanmar is the first choice because of favorable conditions of the market: it is easy lớn find retail premises, and there is less competition.

Nguyen Ngoc Hoa, when he was chair of Saigon Co-op, affirmed the importance of foreign markets for Saigon Co-op, saying that the retail chain targets Laos & Cambodia for its plan lớn expand the network.

“The most important thing in implementing the expansion plan is that Saigon Co-op find reliable partners in doing business overseas,” he said.

A senior executive sầu of Piteo said he can see that there would be both economic and non-economic barriers in the Cambodia & Myanmar markets. He said it would take time khổng lồ learn about the consumption habits, local culture, the laws và economic factors of the target markets.

Ho Viet Dong, CEO of The Gioi Di Dong in Cambodia, said though the retail chain has good relations with Mobile phone manufacturers, it still faces difficulties in doing business in Cambodia.

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“The điện thoại phone market here is very complicated,” he said. “Besides, the training of the labor force for long-term business plan also needs consideration.”

Meanwhile, according to lớn Saigon Co-op’s CEO Nguyen Tkhô hanh Nhan, the plan to lớn open a supermarket in Cambodia has been delayed because of the change of the Cambodian partner.

Chuyên mục: Kiến thức bổ ích