Vietnamese company opens 50th store in Indonesia

January 24, 2024 - 18:20

Vietnam’s Mobile World Investment Corporation (MWG) opened the 50th store of EraBlue – its joint venture with Indonesia’s leading technology retail provider Erafone – in Tangerang, Indonesia on January 23.

At the 50th store of EraBlue in Indonesia. — VNA/VNS Photo

JAKARTA — Vietnam’s Mobile World Investment Corporation (MWG) opened the 50th store of EraBlue – its joint venture with Indonesia’s leading technology retail provider Erafone – in Tangerang, Indonesia on January 23.

In just over a year, the EraBlue brand has established a retail chain in Indonesia with each store covering an area of approximately 400 square metres and earning monthly revenue of around VNĐ4.5 billion (US$183,112).

According to Vietnamese Ambassador to Indonesia Tạ Văn Thông, this event comes exactly one week after the visit of Indonesian President Joko Widodo to Việt Nam. The development of EraBlue contributes to the realisation of the commitments and wishes of the countries’ high-level leaders regarding increasing trade and investment cooperation between the sides’ business communities.

CEO of MWG Đoàn Văn Hiếu Em unveiled that the company aims to set up 500 stores in the Indonesian market by 2027.

Its local partner Erafone now has a network of around 1,200 stores, specialising in providing telecommunications equipment, tablets, laptops, and other digital products. — VNS

Promising outlook for F&B exporting

Economy

Trade growth between Việt Nam and Americas promoted by FTAs

Economy

Honda Vietnam recalls CR-V vehicles for inspection

Economy

Vietcombank issues VNĐ2 trillion in green bonds, advancing Việt Nam’s green economy

Economy

Tax shift: e-commerce platforms could shoulder seller tax responsibilities

Economy

Long An rolls out red carpet for German investors: conference

More on this story

Economy

2023 remittances to HCM City highest in a decade

Foreign remittances to HCM City topped US$9.46 billion last year, an increase of 43.3 per cent from 2022 and the highest in the last 10 years, deputy director of the State Bank of Việt Nam’s city branch, Nguyễn Đức Lệnh, has said.

Economy

Việt Nam, Germany boost cooperation in industry, trade, energy

The state visit to Việt Nam by German President Frank-Walter Steinmeier is poised to generate fresh impetus for collaboration between Việt Nam and Germany in pivotal sectors such as industry, trade, and energy.

Economy

Demand for vegetarian foods on the rise

As Tết approaches, many people in HCM City are preferring vegetarian foods thanks to their wide variety and affordable prices.

Economy

Việt Nam economy to grow by 6% in 2024: HSBC

The strong inflows of Foreign Direct Investment will likely continue in 2024, buttressing Việt Nam’s manufacturing sector. The nascent recovery of the global trade cycle will boost Việt Nam’s exports. Furthermore, Việt Nam is likely to witness a gradual uptick in international tourism.

Economy

Protocol expected to raise Vietnamese watermelon shipments to China

The recent signing of a protocol regarding the export of Vietnamese watermelon to China via official channels will help deter trade risks, boost the standard of the farm produce, and ease congestion at border gates

Economy

Over 160 merchants eligible to export rice

As many as 161 merchants had been granted certificates of eligibility for exporting rice as of January 22, decreasing from mid-2023, reported the Agency of Foreign Trade under the Ministry of Industry and Trade (MoIT).