Online Channels Driving Strong Growth in Electronics Sales, Surpassing Retail Revenues for The Gioi Di Dong
The telephone and tablet market recorded nearly VND 14 trillion in online revenue on e-commerce platforms. This figure is only about VND 2 trillion less than The Gioi Di Dong's online revenue.
Electronics retail sector in distress
The electronics and technology retail sector has taken a hit from the global economic downturn, with many large companies having performed poorly over the last two years. Sales are hit hard Many retail giants, including Mobile World Investment Corporation (MWG), FPT Retail and Digiworld, saw a
MWG lays off thousands of workers in Q1
HCMC – Weak consumption led Mobile World Investment Corporation (MWG) to cut almost 6,000 jobs between January and March, marking the second consecutive quarter of its mass layoffs. MWG’s financial statement in the fourth quarter of 2022 showed that its workforce had been reduced to just over
Mobile World says to close stores in Vietnam, Cambodia
HCMC – Vietnamese retail firm Mobile World JSC will close its AVASport stores in Vietnam and the Bluetronics chain in Cambodia this year. AVASport is a chain of authentic sporting goods stores in Vietnam while Bluetronics is a household electronic appliance store chain in Cambodia, similar to the