Vietnamese, Indonesian firms announce joint venture partnership
The Gioi Di Dong JSC, a subsidiary of Mobile World Investment Corporation in Vietnam, has announced its cooperation with PT Erafone Artha Retailindo under Indonesia’s Erajaya Group to establish the joint venture PT Era Blue Elektronic (Era Blue).
Illustrative image (Source: thegioididong)The first Era Blue store is expected to open in Jakarta in mid-2020, creating a breakthrough in the local electronics retail market.
Era Blue stores will carry the latest and best products from well-known consumer electronics brands in a welcoming, modern environment.
The consumer experience is further elevated by combining the best of digital innovation with cutting-edge retail execution and visual merchandising standards, to provide a memorable and seamless shopping experience.
“We are honoured to enter into a joint venture with The Gioi Di Dong, a renowned and leading player in the consumer electronics industry in Vietnam,” said Budiarto Halim, President Director of Erafone.
“Their innovation and expansion strategy fit well with our vision to be the leader in this sector. This partnership also is a natural extension of our strong network of retail brands in the gadget space. I believe we could complement each other in realising the vision to be the leading retail brand in the consumer electronics sector.”
Nguyen Duc Tai, Chairman of the Board of The Gioi Di Dong, expressed his belief that the cooperation will empower the Era Blue joint venture soon to become the No.1 and most trusted consumer electronics retailer in Indonesia.
This strategic partnership will bring multiple values to both Erafone and The Gioi Di Dong, he noted./.
Video
First-ever baguette festival honours national delicacy
Vietnam, Malaysia enjoy thriving relations over five decades
Ninth National External Information Service Awards launched
Vietnam's retail market proves attractive for foreign investors
Sa Huynh Civilisation relic site in Quang Ngai earns special national status
You should also see
Party leader receives China’s Guangxi official
Party General Secretary Nguyen Phu Trong received Liu Ning, Secretary of the Party Committee of the Guangxi Zhuang Autonomous Region, in Hanoi on March 31 during his visit to Vietnam.
See more
Travel
Vietravel Airlines to increase flight frequency for summer travel rush
Vietravel Airlines plans to increase the number of its domestic and international flights, and launch air ticket promotion programmes in the coming summer to meet the increasing travel demand in the peak period.
Business
Vietnam to enhance competitiveness of logistics sector
Vietnam will focus on enhancing the competitiveness of the logistics sector and removing bottlenecks in the industry in order to promote trade and investment with India, an official has said.
Business
Bank lowers Vietnam’s GDP growth forecast
The United Overseas Bank (UOB) has lowered its 2023 economic growth forecast for Vietnam from 6.6% to 6% due to a low base in the first quarter (Q1) of this year.
Business
Vietcombank urged to promote leading role in banking sector
Prime Minister Pham Minh Chinh on March 31 asked the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) to carry forward its leading role among credit institutions while addressing a meeting celebrating the 60th anniversary of the State-owned lender in Hanoi on March 31.
Business
Joint statement on conclusion of negotiations on UK’s CPTPP accession issued
Representatives from member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the UK approved a joint statement at the ministerial level on the substantial conclusion of negotiations on the UK's accession to the CPTPP at their virtual meeting on March 31 (Vietnam time).
