MWG’s CEO: Bách Hóa Xanh to make at least 600 billion VND profit by 2025, the goal of eliminating cumulative losses is challenging but feasible

Mr. Vu Dang Linh, CEO of Mobile World Investment Corporation (MWG), reported that Bách Hóa Xanh (BHX) achieved a profit of about 200 billion VND in Q3 and is projected to reach at least 600 billion VND profit in 2025. However, revenue has not met expectations due to low growth in the consumer goods market and adverse weather impacts. MWG is focusing on improving revenue from old stores and plans to open 1,000 new stores in 2026. BHX is set to expand into the Northern region, starting from Ninh Binh. Mr. Linh emphasized that eliminating cumulative losses to IPO by 2028 is a challenging but achievable goal.