Vietnam’s retail sector earnings surge 52% YoY in H1

It was led by Mobile World Investment Corporation’s higher earnings (+54%).

Vietnam’s retail sector earnings grew 52% year on year during the first half of the year, according to a Maybank Securities report.

It was led by Mobile World Investment Corporation’s higher earnings (+54%) and MSN’s strong turnaround (+133%).

Despite a gradual recovery in demand (+9.3%), sector resilience was driven by operational efficiency improvements and market share gains by leaders.

“We expect sector earnings to remain robust, supported by further consumption improvement, structural tailwinds from regulatory tightening of the informal retail,” the report said.

The report forecasts an H2 earnings growth of 32% YoY, driving the whole year’s growth of 42% YoY.