Live Breaking News & Updates on Ervice Revenues Enjoy Good Growth In Q1

Illustrative image (Source: VNA) Retail revenue alone picked up 5.8 percent year on year, with many domestic retailers posting positive signs in their business. Mobile World Investment Corporation (MWG) reported that in the first two months of this year, the firm earned after-tax profit of 1 trillion VND (43.6 million USD), up 8 percent year on year. Meanwhile, revenue generated from retail activities of Phu Nhuan Jewelry JSC (PNJ) rose 53.3 percent year on year in the first two months with earnings from online sales surging 115 percent. Experts from KB Securities Vietnam JCC (KBSV) attributed the recovery in retailers’ revenue to the reopening of the economy and the resumption of entertainment activities. To maintain this development trend, businesses are expanding their operations and distribution network to bring their products closer to customers. The FPT Digital Retail Joint Stock Company (FPT Retail) plans to open additional 70 new laptop shops to maintain its position as the l ....

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