Mobile World Investment Corporation (MWG) has introduced a “deferred payment” policy to make buying technology products more accessible and manageable for users. Replacing the former “installment purchase” option, this new policy lets customers own their desired gadgets without the burden of high interest costs, offering a smart way to budget during times of rising prices.
With this policy, customers don’t have to worry about any hidden fees, like insurance or documentation costs. Instead, they can simply break down the total price of an item into multiple payments without paying interest.
Even for high-value products worth tens of millions of VND. Customers can start with a down payment as low as 0 VND or pay no more than 30% of the item’s value. They can then spread the remaining cost over up to 12 months at a 0% interest rate through partner financial companies. For example, users can purchase an iPhone 11 on a deferred payment plan for just 25,000 VND per day, or get the newly launched AirPods 4 for only 20,000 VND per day.
This flexible payment approach aims to make top technology products more attainable for everyone. Giving customers greater control over their finances.
Budget-Friendly Payment Plans for Everyone – Mua Trả Chậm TGDD
Mobile World is making it easier for customers to buy what they need. Ofering flexible payment plans that spread payments over 6 to 12 months. This lets customers break down a large purchase into manageable amounts. Allowing them to balance their budgets and avoid spending all at once.
A company representative highlighted that this payment plan is ideal for today’s economic climate. It lets customers take home their chosen products immediately while keeping costs manageable. “Our goal goes beyond just installment payments,” shared Doan Van Hieu Em, CEO of Mobile World. “We offer real solutions, allowing customers to shop, use products right away, and pay later—conveniently and affordably.”
Mobile World has been a leader in flexible shopping solutions for years. They were one of the first to introduce installment payments. Which changed how people shop and brought technology into more households. This policy helped make smartphones and other tech products more accessible.
Amid slower shopping trends, Mobile World has introduced many promotional offers to keep customers engaged. Programs like “too cheap price” and “guaranteed price—refund if there’s a difference” have been popular, with the latest being the “buy on installment” policy.
This new initiative comes as the retail sector is expected to keep recovering, with Mobile World showing impressive growth. In Q3 of 2024, their net revenue hit VND34,147 billion, marking a 10% rise over last year. The company achieved a pre-tax profit of VND1,068 billion. And an after-tax profit nearing VND806 billion, a 21-fold increase from the same period last year.
For the first 9 months of 2024, Mobile World’s total revenue reached VND99,767 billion, a 15% increase, with after-tax profits climbing 37 times compared to the previous year, reaching VND2,881 billion. This means Mobile World has already hit 80% of its revenue goal and exceeded its annual profit target by 20%.
Bach Hoa Xanh Grocery Chain Delivers Positive Profits – Mua Trả Chậm TGDD
The profit growth for Mobile World’s The Gioi Di Dong and Dien May Xanh chains primarily came from increased revenue and higher gross profit margins. Although 55 The Gioi Di Dong stores and 160 Dien May Xanh locations were closed earlier in the year, revenue for both chains grew by 7%, totaling VND66,700 billion.
The Bach Hoa Xanh grocery chain has also performed well. It’s revenue for the first 9 months of the year reached VND30,300 billion. A nearly 36% increase over the previous year. with each store averaging VND2.1 billion in revenue. After reporting its first profit in Q2 2024. Bach Hoa Xanh continued to post positive results with a profit of nearly VND90 billion in Q3.
With shopping demand on the rise, Mobile World’s “deferred payment” policy is expected to keep boosting sales, especially as end-of-year spending increases.
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