After the first nine months of 2025, Mobile World Investment Corporation (MWG) reported a net revenue of VND 113,436 billion, a 14% increase compared to the same period in 2024. This result marks the completion of 76% of the company’s annual revenue target of VND 150,000 billion.
The two flagship chains, The Gioi Di Dong (TGDD) and Dien May Xanh (DMX), achieved a combined revenue of VND 76,500 billion, up 15% year-on-year, despite an average reduction of over 130 stores compared to the previous year. This growth is primarily attributed to the improved performance of existing stores, with an average revenue increase of approximately 15%.
The total revenue of TGDD and DMX increased by VND 9,200 billion in the first nine months, surpassing the annual target of VND 4,000 billion by more than double. In September 2025 alone, the two chains recorded revenue exceeding VND 9,400 billion, marking the seventh consecutive month of growth at 21% year-on-year. This growth was driven mainly by strong sales of iPhones and laptops, both of which maintained steady monthly increases.
Meanwhile, online sales channels generated nearly VND 4,300 billion in revenue, accounting for 5.6% of the group’s total revenue. In terms of revenue distribution, Dien May Xanh contributed 44.4%, Bach Hoa Xanh 30.3%, The Gioi Di Dong 23%, and TopZone along with other segments accounted for 2.3%.
In the food retail segment, Bach Hoa Xanh recorded revenue of VND 34,400 billion, a nearly 14% increase year-on-year, driven by growth in both fresh produce and FMCG categories. In September alone, revenue reached VND 3,900 billion. Operational efficiency continued to improve through cost optimization and loss control.
The An Khang pharmacy chain maintained its growth momentum, with an average revenue of VND 540 million per store in September, marking three consecutive months of increase. AVAKids also saw double-digit growth, with average revenue of VND 1.8 billion per store, up 10% quarter-on-quarter and over 30% year-on-year, achieving profitability at the company level.
In Indonesia, the Erablue chain grew by more than 70% in the first nine months, nearing its 2025 target of 150 stores and achieving positive profitability.
The Wager of Nguyen Duc Tai: Transforming a Math-IT Master’s Graduate into a ‘Zero-Salary’ CEO of Bach Hoa Xanh and the Data Secret Behind Its Miraculous Turnaround
Looking back to April 2023, MWG’s appointment of Mr. Phạm Văn Trọng, a Master of Mathematics and Computer Science, as Acting CEO of Bách Hóa Xanh signaled a strategic shift. This move marked a pivotal step in the restructuring initiated in late 2021, cementing the retailer’s future as one driven by algorithms and data.
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MWG stock, representing The Gioi Di Dong (Mobile World), surged as the retail giant, led by Nguyen Duc Tai, unveiled new initiatives to fuel growth. This move comes as the company seeks fresh momentum in a competitive market.
Top 18 Leading Enterprises, Including Vingroup, Sun Group, HUD, and Nam Long, Selected by the Ministry of Construction to Spearhead Affordable Housing Development
The Ministry of Construction has recently submitted a report to the Government, proposing a list of 18 qualified construction companies to undertake social housing projects. Additionally, 15 localities have been prioritized for the implementation of these initiatives in the upcoming phase.
The Gioi Di Dong and Dien May Xanh Achieve 15% Revenue Growth Despite Closing Over 150 Stores
In the first eight months of 2025, The Gioi Di Dong and Dien May Xanh reported a 14% revenue growth compared to the same period last year, despite an average reduction of over 150 stores.
Bách Hóa Xanh Accelerates Store Openings in August Following “Northern Expansion” Announcement
Since the beginning of the year, Bach Hoa Xanh has expanded its retail network by opening 463 new stores, with over 50% strategically located in the Central region.
