Mr. Nguyễn Đức Tài: “MWG decides to reduce quantity and increase quality. We reduced the number of stores and also a lot of people”

At the investor meeting on August 19, Mr. Nguyễn Đức Tài, chairman of MWG, shared about the 20-year journey of Thế Giới Di Động (MWG) and future directions. He stated that MWG went through three phases: rapid growth from 2004-2014, stock listing from 2014-2021, and restructuring from 2022 to present. In the restructuring phase, MWG decided to focus on quality by reducing the number of stores and employees from 10,000 to 20,000, keeping only the best personnel and stores. Mr. Tài emphasized that after the restructuring phase, from 2024 onwards, MWG would grow based on the quality of products and services, no longer relying on the number of stores. He also highlighted the differences between Thế Giới Di Động and Bách Hóa Xanh: while Thế Giới Di Động has transitioned to growth based on quality, Bách Hóa Xanh is still in the early phase and will grow with both quality and quantity.