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13 May

FPT Shop experimented with electronics business, not for the aim of gaining the market share

With the business expansion to the electronics field to take advantage of the online sales, FPT Shop said that the new business is being experimented, hence, they are not thinking about gaining the market share. Mr. Ngo Quoc Bao, Director of the FPT Retail Center for E-Commerce and Technical Services, told ICTnews that FPT Shop has just experimented in selling electronic products via online channels, the business has not been officially implemented yet, so we now have not planned on how much we will gain the market share in such new industry. On 11 April, FPT Shop officially launched electronic products...

13 May

AGM of Shareholders of FPT Retail: Plan to expand number of pharmacy stores to 70 into provinces neighboring Ho Chi Minh City

FPT Retail stated they are planning to expand in 2019 the number of pharmacy stores into 70 into provinces neighboring Ho Chi Minh City such as Binh Duong, Long An, etc.  Meanwhile in Ho Chi Minh City, there has been no Long Chau store failing to break even later than 6 months. In the morning of March 27 at Continental Saigon Hotel, FPT Digital Joint Stock Company (FPT Retail, HoSE stock code: FRT) held its Annual General Meeting of Shareholders of 2019. At the AGM, shareholders voted to approve significant contents of the Company including: Approving the 2018 income statement of 2018...

13 May

FPT Retail’s pharmacy stores chain sets turnover target at 500bn VND

FPT Retail plans to open 48 new stores of the Long Chau pharmacy store chain in this year.  At the annual general meeting of shareholders in the morning of March 27, most questions of investors for the leadership of FPT Digital Joint Stock Company revolve around the venture into pharmaceutical retail section. This is the new section deployed by the Company since the end of 2017 after its acquisition of Long Chau pharmacy stores chain. Ms. Nguyen Bach Diep, the Company's Chairwoman of Board of Directors and CEO admits it was very daring of her to obtain over 70bn from the Company...

9 May

Pharmaceuticals drives FPT Retail’s growth

Saturation has hit the mobile phone retail market, which urges FPT Digital Joint Stock Company (FPT Retail, stock code: FRT) to get a firm grasp on the pharmaceutical retail section and venture into trading products it has no experience about. Acquisition of the Long Chau pharmacy store chain FPT Retail dedicated the whole year of 2018 in experiments and search of a general formula for expansion of Long Chau pharmacy store chain with the number of stores in 2021 30 times as many as the current number. Previously in the end of 2017, Ms. Nguyen Bach Diep, Chairwoman of BOD of FPT Retail,...

9 May

“Big players” of pharmaceutical retail section expand coverage fast

The pharmaceutical retail market is heating up with the participation of many “big players” both domestic and international with plans to expand modern store chains. Attraction from the pharmaceutical retail section The national western medicine retail market has been growing by 2 digits through many years and is forecast to keep this growth momentum in coming years, which greatly encourages enterprises including FPT Digital Joint Stock Company (FPT Retail), a new player, to keep on pouring massive investments into increasing the number of stores. FPT Retail has just “embarked on” the pharmaceutical retail section since the end of 2017, but it immediately decided to expand...

8 May

Surprising cooperation between PFT Shop and Nguyen Kim in selling electronics

On FPT Shop’s website, this retailer has started its sales business of electronic products to compete with its rival, The Gioi Di Dong. FPT Shop has launched a page of electronics on their website selling products such as refrigerators, televisions, washing machines and cameras, etc. According to FPT Shop’s website, this chain has cooperated with the retailer Nguyen Kim in selling these new items. Therefore, besides the main product of mobile phones, this retailer of FPT Corporation has decided to start its business in household electronic products. FPT Shop cooperated with Nguyen Kim in selling electronics online - Photo: Hai Dang The representative of...

8 May

FPT Retail sets 2019 turnover target at 17,700bn VND

In the year 2019, FPT Retail aims to achieve 17,700bn VND in turnover and 428bn VND in expected profit after tax, which means a growth rate of 16% and 20% respectively compared to 2018. In the morning of March 27 at Continental Saigon Hotel (132 - 134 Dong Khoi Street, Ben Nghe Ward, District 1, Ho Chi Minh City), FPT Digital Joint Stock Company (FRT) held its 2019 Annual General Meeting of Shareholders. The 2018 income statement and 2019 business plan were reported at the AGM. At the AGM, shareholders voted to approve significant contents of the Company including: Approving the 2018...

8 May

FPT Retail to give electric appliances a try after pharmaceuticals

While its core retail section of mobile phones is getting saturated this year, the FPT Digital Joint Stock Company (FPT Retail,  stock code: FRT) seeks to boost growth through the new section of electric appliances and plans to rapidly expand size of the pharmacy store chain. “Electric appliances is one of the sections we are negotiating and about to test,” Ms. Nguyen Bach Diep, Chairwoman of BOD and CEO of FPT Retail informed Forbes Vietnam beside the 2019 AGM held in the morning of March 27. The Company plans to test selling electric appliances inside FPT Shops, said Ms. Diep. There are...

8 May

Ms. Nguyen Bach Diep and her bet on Long Chau chain: A pioneer either wins all or loses all

While competitors are still probing the landscape, FPT Retail has already poured all resources into the pharmaceutical retail market. Despite being such a pioneer, Ms. Nguyen Bach Diep dares not making any guarantee she will win. The FPT Retail's leadership admitted that the Company was going through a quite difficult and “dangerous” transitional period. For instance, due to various objective and subjective reasons in 2018, the turnover from Apple products and the expansion speed of the Long Chau chain were lower than expected. According to FPT Retail's forecast, the Long Chau pharmacy store chain will bear a loss of 20bn VND in 2018...

2 May

FPT Retail and 1001 selling tactics to keep its growth rate at 20%: Boosting selling on credit and sales of accessories and SIM cards, testing 3 new projects concurrently

In order to maintain the 20% growth rate of profit after tax in the context of market saturation for mobile phones and Long Chau pharmacy store chain's continued loss, FPT Retail employs numerous selling tactics to attract customers. After 6 years of impressive growth thanks to being a follower, FPT Retail starts to face the other side of the coin. Upon the Company’s completion of its system chains build-up, the market stepped into saturation, which then pushed FPT Retail, a follower with no other choice, into quick hurdles of developing other retail sections in order to maintain the annual 20% growth...