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Mobile World in Top 50 leading Asia-Pacific listed companies

Released at: 12:59, 15/09/2017

Mobile World in Top 50 leading Asia-Pacific listed companies

Photo: MWG

Mobile World Investment JSC the only Vietnamese representative in Forbes Asia's Fab 50 listed companies.

by Do Huong

The Mobile World Investment JSC has appeared in Asia’s Fab 50 listed companies as voted by Forbes Asia magazine.

Mobile World is the second Vietnamese company to appear on the list during the Fab 50’s 13-year history. The company is capitalized at $1.5 billion and earned revenue of $2 billion in 2016. Established in 2004, its annual revenue growth rate has steadily remained above 60 per cent since its HSX share issuance in 2014.

It currently has 1,609 stores in Vietnam and one in Cambodia, with four brands: Mobile World, Dien may Xanh, Bac hoa Xanh, and the e-commerce site vuivui.com. Forbes also emphasized that Mobile World has ambitious plans to expand in Cambodia and to Laos and Myanmar.

To identify the Top 50 listed companies in the Asia-Pacific region, Forbes Asia’s team of professionals screened 1,964 listed companies earning annual revenue of at least $1.8 billion.

It also set other important criteria, such as corporate value or revenue not lower than five years ago, no high debt ratio, and no more than 50 per cent State ownership, and businesses must also meet dozens of different financial indicators, the aim being to provide a list of Asia’s “bluechip” elite companies.

Mobile World also appeared among the Top 50 best listed companies in Vietnam 2017 from Forbes Vietnam. The announcement ceremony was held on September 14.

In the first seven months of this year, its turnover was VND36.7 trillion ($1.6 billion), up 58 per cent year-on-year and equal to 58 per cent of the annual target. After-tax profit was VND1.26 trillion ($54.7 million), up 29 per cent year-on-year and equal to 57 per cent of the annual target. Turnover at thegioididong.com was VND20.5 trillion ($891 million), a 23 per cent increase year-on-year, and VND15.7 trillion ($682 million) at dienmayxanh.com, 138 per cent higher year-on-year. Online turnover reached VND3 trillion ($130 million), up 95 per cent year-on-year and equal to 45 per cent of the annual target.

The company opened 354 new stores nationwide in the first seven months, including 83 new thegioididong.com stores and 181 new dienmayxanh.com stores. As at July 31 it had 1,609 stores, including 1,034 thegioididong.com stores, 437 dienmayxanh.com stores, and 138 Bach hoa Xanh stores.

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