Company:Mobile World Investment Corporation

From HandWiki
Mobile World Investment Corporation
Native name
Công ty Cổ phần Đầu tư Thế Giới Di Động
TypePublic
HOSE: MWG
IndustryRetail
FoundedMarch 2004
FounderNguyen Duc Tai
Headquarters
Ho Chi Minh City
,
Vietnam
Key people
Nguyen Duc Tai (chairman); Doan Van Hieu Em (CEO)
ProductsConsumer electronics, mobile phones, home appliances, groceries, pharmaceuticals
Revenue₫134.341 trillion (2024)
₫3.722 trillion (2024)
Websitehttps://mwg.vn/eng

Mobile World Investment Corporation (Công ty Cổ phần Đầu tư Thế Giới Di Động; MWG) is a Vietnamese publicly listed retailer that operates the nationwide chains thegioididong.com (mobile devices) and Dien May Xanh (..), as well as the grocery chain Bach Hoa Xanh and An Khang pharmacies.[1] The company listed on the Ho Chi Minh City Stock Exchange in July 2014.[2] In 2024, MWG reported consolidated revenue of ₫134.341 trillion and net profit of ₫3.722 trillion.[3]

History

MWG traces its origins to March 2004, when Nguyen Duc Tai and partners opened the first thegioididong.com mobile phone store in Ho Chi Minh City.[4] The company went public in July 2014; its stock hit the upper trading limit on debut.[5]

Following a consumer slowdown, MWG closed or consolidated about 150 underperforming stores in late 2023 as part of a restructuring programme.[6]

Bach Hoa Xanh stake sale (2022–2024)

International media have given significant coverage to MWG’s efforts to bring in external capital for Bach Hoa Xanh (BHX). In August 2022 Reuters reported that MWG was exploring the sale of up to 20% of BHX.[7] In September 2023 Reuters said Singapore’s GIC was among bidders for a minority stake.[8] In February 2024 Reuters reported that China’s CDH Investments was in advanced talks to acquire a minority stake valuing the chain at up to US$1.7 billion,[9] and in April 2024 state media VietnamPlus reported the completion of a 5% private placement to CDH.[10]

Overseas expansion

MWG entered Cambodia in 2017 under the BigPhone/Bluetronics brand and later exited amid restructuring.[11] In March 2022 MWG formed a joint venture with Indonesia’s PT Erafone Artha Retailindo (Erajaya Group) to launch the Era Blue consumer electronics chain; trade press later discussed the JV’s structure and strategy, and by January 2024 the venture had opened its 50th store.[12][13][14][15]

Operations and brands

  • thegioididong.com — handset and mobile device retail chain.[1]
  • Dien May Xanh — consumer electronics and home appliances retail chain.[1]
  • Bach Hoa Xanh — grocery and convenience chain; resumed expansion after restructuring and minority investment.[9][10]
  • An Khang — pharmacy chain.[16]
  • TopZone — Apple-focused retail format; reported break-even in 2024.[17]
  • Era Blue (Indonesia) — consumer electronics retail joint venture with Erafone (Erajaya Group).[15]

Finance

For 2024, MWG reported consolidated revenue of ₫134.341 trillion and net profit of ₫3.722 trillion, according to Reuters’ annual income statement data.[3]

References

  1. ↑ 1.0 1.1 1.2 "Mobile World Investment Corp — Company information". https://www.reuters.com/markets/companies/MWG.HM/. 
  2. ↑ "Vietnam's Mobile World sets July 14 IPO". Reuters. 8 July 2014. https://www.reuters.com/article/business/media-telecom/vietnams-mobile-world-sets-july-14-ipo-idUSL4N0PK0HW/. 
  3. ↑ 3.0 3.1 "Mobile World Investment Corp — Financials (Income, Annual)". https://www.reuters.com/markets/companies/MWG.HM/financials/income-annual. 
  4. ↑ "MWG — Annual Report 2024 (timeline)". Mobile World Investment Corporation. 2025. https://cdnv2.tgdd.vn/mwgvn/investorrelations/files/posts/2025/4/3099/bd/b4/bdb4909af7f69858abb538dac47b2e76.pdf. 
  5. ↑ "Mobile World Rises to Ceiling in Vietnam Stock Trading Debut". Bloomberg News. 14 July 2014. https://www.bloomberg.com/news/articles/2014-07-14/mobile-world-rises-to-ceiling-in-vietnam-stock-trading-debut. 
  6. ↑ "Mobile World Group restructure sees 150 stores closed". VnExpress International. 26 December 2023. https://e.vnexpress.net/news/business/companies/mobile-world-group-restructure-sees-150-stores-closed-4693896.html. 
  7. ↑ "Exclusive: Mobile World plans sale of Vietnamese grocery business". Reuters. 24 August 2022. https://www.reuters.com/markets/asia/exclusive-mobile-world-plans-sale-15-bln-vietnamese-grocery-business-2022-08-24/. 
  8. ↑ "Singapore's GIC among bidders vying for stake in Vietnam's third-largest grocery chain". Reuters. 27 September 2023. https://www.reuters.com/markets/deals/singapores-gic-among-bidders-vying-stake-vietnams-third-largest-grocery-chain-2023-09-27/. 
  9. ↑ 9.0 9.1 "China's CDH in talks to buy minority stake in $1.7 billion Vietnam grocery chain, say sources". Reuters. 28 February 2024. https://www.reuters.com/markets/deals/chinas-cdh-talks-buy-minority-stake-17-bln-vietnam-grocery-chain-say-sources-2024-02-28/. 
  10. ↑ 10.0 10.1 "Bach Hoa Xanh sells 5% stake to Chinese partner". VietnamPlus. 15 April 2024. https://en.vietnamplus.vn/bach-hoa-xanh-sells-5-stake-to-chinese-partner-post284571.vnp. 
  11. ↑ "Retail major Mobile World stops fashion chain, Bluetronics Cambodia". The Investor. 20 February 2023. https://theinvestor.vn/vietnam-retail-major-mobile-world-stops-fashion-chain-bluetronics-cambodia-d3783.html. 
  12. ↑ "Erafone and The Gioi Di Dong announce a joint venture partnership". Erajaya Group. 15 March 2022. https://www.erajaya.com/news/erafone-dan-the-gioi-di-dong-mengumumkan-kerjasama-joint-venture. 
  13. ↑ "Vietnamese retail giant Mobile World enters Indonesia". Inside Retail Asia. 29 November 2022. https://insideretail.asia/2022/11/29/vietnamese-retail-giant-mobile-world-enters-indonesia/. 
  14. ↑ "Vietnam retailer Mobile World eyes Indonesia JV's IPO after 5 years". The Investor. 30 November 2022. https://theinvestor.vn/vietnam-retailer-mobile-world-eyes-indonesia-jvs-ipo-after-5-years-d2727.html. 
  15. ↑ 15.0 15.1 "Vietnamese company opens 50th store in Indonesia". VietnamPlus. 23 January 2024. https://en.vietnamplus.vn/vietnamese-company-opens-50th-store-in-indonesia-post276680.vnp. 
  16. ↑ "Vietnam’s An Khang pharmacy chain posts over $38mn in losses since 2020". Tuoi Tre News. 17 May 2025. https://news.tuoitre.vn/vietnams-an-khang-pharmacy-chain-posts-over-38mn-in-losses-since-2020-103250517170918611.htm. 
  17. ↑ "Mobile World Group’s Apple retail subsidiary breaks even". VnExpress International. 19 January 2025. https://e.vnexpress.net/news/business/companies/mobile-world-group-s-apple-retail-subsidiary-breaks-even-4841009.html. 



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