As skillful as Mr. Nguyen Duc Tai: Thegioididong records over one trillion profit from “money business” for the first time

Thegioididong Investment Corporation (MWG) reported a record profit of nearly 1 trillion VND from financial investments in 2024, with profits from deposits, loans, and bonds reaching 2.2 trillion VND. The company also reduced long-term loans by up to 6 trillion VND and shifted to short-term borrowing. As of September 30, 2025, MWG reported a record after-tax profit of 1.784 trillion VND, a 121% increase year-on-year. The company has maintained strong growth in the first nine months of the year, with financial investment profits nearly matching last year’s total. However, company leaders assert that this activity is only a “side job” while they remain focused on retail operations. General Director Vu Dang Linh emphasized the need for caution in investment decisions to ensure stable profits for core business activities.