Mobile World Investment Corporation (MWG) recorded a revenue of 37.620 trillion VND in Q2, up over 10% compared to the same period last year. After-tax profit reached 1.658 trillion VND, up 41%, a record high since its establishment. In the first 6 months, MWG had a revenue of 73.755 trillion VND, up 12%, and a profit of 3.205 trillion VND, up 54%. The rapid expansion strategy from 2019 to 2022, with about 900 new stores opened each year, has consolidated MWG’s position. Since 2023, MWG has stopped expanding, helping to reduce depreciation costs and save about 900 billion VND. The e-commerce market in Vietnam is seeing an increase in official vendor stores, creating opportunities for MWG to boost laptop sales due to hardware upgrade demands. MWG aims to double its profits by 2025 by 2030, continuing to expand and enhance operational efficiency. Bach Hoa Xanh (BHX) will also focus on optimizing profits, possibly achieving a post-tax profit of about 547 billion VND in 2025.
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