A street vendor’s son became Vietnam’s billionaire
Tai, CEO of Mobile World, was son of a vegetable vendor. He started mobile phone retail business in 2004.
Tai, CEO of Mobile World, was son of a vegetable vendor. He started mobile phone retail business in 2004.
With 1065 outlets, Mobile World controls 45% market share. His company is valued at $ 1.6bn.
Now he has his eyes on grocery businesss. He started Bachhoaxanh in 2016. It has 326 stores. He wants to revolutionize the food industry as he did with the mobile industry. Bloomberg
Like India, Vietnam’s organised retail is a tiny fraction of their entire retail sector. For example India’s biggest player Big Bazaar has 260 stores, and D Mart has 155 stores. Only 11% of India’s retail is organised. Twitter