Mobile World Investment Corporation (MWG) is a prominent retail company and also recognized as a “money trader” in the market. The company has leveraged low-interest capital for lending, yielding hundreds of billions in profits. With cash reserves reaching 34.221 trillion VND and financial investments generating nearly 2.200 trillion VND in profit in 2024, MWG has significantly expanded its “money trading” operations. In addition to investment profits, MWG earns an extra 200-300 billion VND annually from “payment discounts.” Notably, MWG partnered with VPBank to implement an “ATM” model in over 3,000 stores, marking a significant move into financial services. The company also expanded money transfer and insurance services in its retail points. This shift reflects MWG’s ambition to branch into financial services amid intense competition in the retail industry.
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