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MWG Is The Only Vietnamese Retail Enterprise In The Top 100 of Fortune Southeast Asia 500

Ngày đăng: 19/06/2024 Lượt xem: 94

On June 18, Mobile World Investment Corporation (MWG) was honored to be ranked among the Top 100 Largest Companies in Southeast Asia according to the Fortune 500 Southeast Asia ranking, at position 77. MWG is the only Vietnamese retail enterprise in the Top 100 of this prestigious list.

Fortune magazine, renowned for its reputable global rankings, conducted the Fortune SEA 500 ranking for the first time in Southeast Asia. This is a ranking of the 500 largest companies in the Southeast Asia region based on revenue and net profit for 2023. Fortune's ranking in Southeast Asia aims to reflect the impressive growth story of the area through the development and growth of major companies across various sectors.


In 2023, MWG achieved a revenue of VND 118,279 billion, with online sales accounting for VND 16,899 billion, contributing 14% to the company’s total revenue. Besides being listed in the Fortune ranking, MWG has also received many other prestigious awards such as the TOP 100 leading retailers in Asia–Pacific by Retail Asia magazine and market research firm Euromonitor. Three of MWG's major brands are also among Vietnam's Top 50 most valuable brands (The Brand Finance). Additionally, in recent years, MWG has proactively implemented ESG Sustainable Development activities and has been honored to be in the Top 50 Outstanding Sustainable Development Companies in Vietnam for two consecutive years, 2022 and 2023, and the Top 20 Companies with the best Sustainable Development Index in Vietnam in 2023.


In 2024, MWG aims for revenue of VND 125,000 billion, with a post-tax profit of VND 2,400 billion, representing increases of 5% and 14 times respectively compared to last year. As of the end of Q1 2024, MWG recorded a net revenue of VND 31,486 billion, an increase of 16% compared to the same period and achieving 37.6% of the annual plan.

These achievements of MWG are not only a source of pride for the corporation but also for Vietnam on the international stage. This significant advancement reflects an effective business strategy and unwavering commitment to improving service quality and customer experience. With higher revenue and profit targets in 2024, MWG promises to continue making its mark and contributing significantly to the economic development of Vietnam and the Southeast Asia region. MWG will always strive to maintain its position and continually rise in the retail industry.