Mobile World Joint Stock Company on Wednesday announced that its network of consumer electronics stores, Điện máy XANH, covers the entire nation now. — Photo vnexpress.net

HCM CITY (Biz Hub) — Mobile World Joint Stock Company on Wednesday announced that its network of consumer electronics stores, Dien may XANH, covers the entire nation now.

The company's general director, Tran Kinh Doanh, said the 119th store opened in Chi Linh town in the northern province of Hai Duong in July, completing the company's plan of having a presence in all 63 provinces and cities.

The first Dien may XANH store opened in 2010, but the chain only began to expand rapidly last year, adding 66 stores in 2015 and 33 in the first half of this year.

The company reported record revenues of VND4.4 trillion (US$193 million) last year, and the figure is expected to skyrocket to VND12 trillion ($545 million) this year.

Its market share is estimated to jump to 14-16 per cent this year from 5-6 per cent last year.

By next year Dien may XANH plans to have 400 stores double revenue to VND25 trillion ($11 trillion) and market share to 30 per cent. — VNS