Ho Chi Minh City, June 16 - Mobile World JSC (HOSE: MWG) has officially been short-listed in the Top 50 Best Performed Companies in Vietnam, courtesy of Nhip Cau Dau Tu.
MWG has secured the fourth place this year following its first place in the same category achieved in 2015.
Previously, Forbes Vietnam also announced its Top 50 Best Listed Companies, boasting the best-listed firms on Vietnam's stock market, and MWG, for the second time in a row, was named in the prestigious list. After listing its stocks on the stock market in May 2014, MWG has so far won prime awards with two prestigious business magazines for two consecutive years.
MWG has achieved impressive growth in comparison to 2014, with a profit growth rate of roughly 60 per cent recorded in 2015 and 75 per cent in the first quarter of 2016, and not to mention the rapid growth in the number of stores freshly open each year.
MWG currently has over 900 outlets cross Vietnam, including 800 thegioididong.com stores and over 100 Dien may Xanh shops. In 2015, the company for the first time got into the 'Billion-dollar Club' when it attained roughly VND25.3 trillion ($1.15 billion) in revenue and VND1.076 trillion ($49.13 million) in profit. Looking ahead, Dien may Xanh is expecting to celebrate its presence in all 63 cities and provinces of the country, making itself the electronics retailer with the widest network coverage.
The stout growth of Dien may Xanh will assist MWG to quickly strive forward, in a bid to settle on a goal of $1.5 billion in revenue by the end of 2016.
MWG's prospect is further strengthened through its big steps, such as the opening of the mini supermarket chain called Bach hoa Xanh, an area whose market size could reach up to $72 billion but the current retail chains have only accounted for 5 per cent of its potential. In addition, MWG also seeks to expand to the neighboring markets like Laos, Cambodia and Myanmar, while focusing on securing the leading position in the area of e-commerce.
Forbes Vietnam made a remark on the Top 50 Best Listed Companies in 2016, saying 'the companies in the short-list are mostly the leading companies in each of their field, who have contributed to the socio-economic development through their product innovation, technology and creativity in providing services. These companies have maintained a competitive edge in terms of high profit margin and good products that help them boost sales as well as turnovers.'
'We are very pleased to be recognized by the creditable magazines in Vietnam. The awards are the results of our hard work that aims at serving customers and bringing Vietnamese consumers a modern, considerate and devoted retail service experience,' said MWG chairman Nguyen Duc Tai.