Mobile World Investment Corporation (; MWG) is a Vietnamese publicly listed retailer that operates the nationwide chains thegioididong.com (mobile devices) and Dien May Xanh (..), as well as the grocery chain Bach Hoa Xanh and An Khang pharmacies. The company listed on the Ho Chi Minh City Stock Exchange in July 2014. In 2024, MWG reported consolidated revenue of â«134.341 trillion and net profit of â«3.722 trillion.
MWG traces its origins to March 2004, when Nguyen Duc Tai and partners opened the first thegioididong.com mobile phone store in Ho Chi Minh City. The company went public in July 2014; its stock hit the upper trading limit on debut.
Following a consumer slowdown, MWG closed or consolidated about 150 underperforming stores in late 2023 as part of a restructuring programme.
International media have given significant coverage to MWGâÂÂs efforts to bring in external capital for Bach Hoa Xanh (BHX). In August 2022 Reuters reported that MWG was exploring the sale of up to 20% of BHX. In September 2023 Reuters said SingaporeâÂÂs GIC was among bidders for a minority stake. In February 2024 Reuters reported that ChinaâÂÂs CDH Investments was in advanced talks to acquire a minority stake valuing the chain at up to US$1.7 billion, and in April 2024 state media VietnamPlus reported the completion of a 5% private placement to CDH.
MWG entered Cambodia in 2017 under the BigPhone/Bluetronics brand and later exited amid restructuring. In March 2022 MWG formed a joint venture with IndonesiaâÂÂs PT Erafone Artha Retailindo (Erajaya Group) to launch the Era Blue consumer electronics chain; trade press later discussed the JVâÂÂs structure and strategy, and by January 2024 the venture had opened its 50th store.
For 2024, MWG reported consolidated revenue of â«134.341 trillion and net profit of â«3.722 trillion, according to Reutersâ annual income statement data.