MWG Targets 2026 Net Profit of VND 9.2T (+30%) Amid Global Uncertainty

Overview

Mobile World Investment Corporation (MWG) presented its 2026 business plan at its Annual General Meeting of Shareholders, targeting VND 185 trillion in net revenue and VND 9.2 trillion in consolidated net profit. This represents year-on-year growth of 18% and 30%, respectively. Leadership, including Chairman Nguyễn Đức Tài, affirmed the company will not adjust these targets despite acknowledging global economic and geopolitical uncertainties.

Key Facts

• MWG’s 2026 business plan targets VND 185 trillion in net revenue, an 18% increase over the previous year.
• The company aims for VND 9.2 trillion in consolidated net profit, representing 30% growth year-on-year.
• The plan was presented and approved at the Annual General Meeting of Shareholders held on April 18, 2026.
• Chairman Nguyễn Đức Tài stated MWG “does not have a culture of asking for help” and will adjust operations to compensate for difficulties rather than revise targets.
• CEO Vũ Đăng Linh noted the plan assumed Vietnam’s GDP growth of 7.5% during formulation.
• The leadership acknowledged impacts from the Russia-Ukraine conflict, trade tariffs, and Middle East tensions but expressed optimism about Vietnam’s economic resolve.

What Happened

At its Annual General Meeting of Shareholders on April 18, 2026, Mobile World Investment Corporation (MWG) presented and gained approval for its 2026 business plan. According to the company filing and statements made at the meeting, the board targets VND 185 trillion in net revenue and VND 9.2 trillion in consolidated net profit for the year. These figures represent significant growth of 18% and 30%, respectively, compared to the previous year’s results.

In response to shareholder concerns about the plan’s feasibility amid global instability, CEO Vũ Đăng Linh acknowledged the Middle East conflict as a new factor affecting both Vietnam and the world but stated the company would continue monitoring the situation without changing its business plan. Chairman Nguyễn Đức Tài elaborated further, emphasizing that MWG’s approach to challenges involves operational adjustments rather than seeking external assistance. He stated, “The general spirit of MWG is that if there are difficulties, we find ways to do more or less to compensate. We don’t have a culture of asking for help.”

Market Context

MWG trades on the Ho Chi Minh Stock Exchange (HOSE) under the retail sector. The stock closed at VND 81,000 on April 15, 2026, down 1.10% with volume of 3.07 million shares. The announcement of ambitious 2026 targets comes against a backdrop of mixed sentiment in Vietnam’s retail sector, which has faced consumer spending pressures and increased competition. MWG’s leadership expressing firm commitment to these growth targets despite macro uncertainties may signal confidence in its operational resilience and market positioning.

Strategic Significance

The 2026 targets underscore MWG’s focus on maintaining aggressive growth momentum in Vietnam’s competitive retail landscape. The company’s refusal to adjust plans despite acknowledging geopolitical risks suggests a strategic pivot toward internal efficiency gains and market share defense rather than external dependency. This approach aligns with Chairman Tài’s commentary about the private sector needing to accelerate in sync with government economic initiatives, positioning MWG as a company betting on both operational excellence and broader Vietnamese economic recovery.

What to Watch

• Q1 2026 earnings release to assess early progress toward the full-year targets.
• Monthly retail sales data from the General Statistics Office of Vietnam for consumer spending trends.
• Any adjustments to MWG’s store expansion or format strategy in response to market conditions.
• Management commentary in subsequent quarterly reports regarding plan execution amid ongoing global uncertainties.
• Vietnam’s quarterly GDP growth figures relative to the 7.5% assumption referenced in MWG’s planning.