for the quarter ended 30 September 2022
for the quarter ended 30 September 2022
Some of the data here are the latest available to Mekong Capital at the date of this newsletter to be circulated. It might subject to be changed/updated lately.
In the first 9 months, LiveSpo’s product coverage increased 240% YoY in pharmacy-chain points of sales. Alongside its steady footprint expansion, in August, LiveSpo’s R&D capability achieved a breakthrough milestone when Nature journal validated and published LiveSpo’s research on the effectiveness of LiveSpo NAVAX nasal spray.
By end of 30 September 2022, the company achieved 192% YoY revenue growth. The result was driven by Vua Nem’s same-store sale growth over the first 9 months increased 92.8% YoY.
Gene Solutions’ number of tests increased by 143% YoY for 3Q22, in which its prenatal testing (NIPT tests) attributed 87%. The growth was also driven by new advanced products for prenatal testing namely triSure Procare, and for cancer-related testing include SPOT-MAS and K-Track.
In 3Q22, YOLA Summer campaign running from June to the end of August boosted new offline enrollments, reaching 80% growth compared to the same period last year.
Entobel invested in purchasing additional machines and building new black soldier fly screen house, resulting in an increase in production volume by 66% YoY in the first 9 months.
In 3Q22, HSV Group focused on diversifying product offerings at the Beauty Box chain, resulting in a 20% increase in SKUs. This demonstrated Beauty Box’s commitment to bringing “beauty of confidence” to women through continuously elevating customers’ experience.
Nhat Tin’s revenue increased 30% YoY in 3Q22, driven by Nhat Tin’s constant focus on its employees’ performance, through (1) trainings for front-line staff and middle-level managers, and (2) a new incentive scheme called “Introduce new customer to Nhat Tin” to encourage referrals for new customers from Nhat Tin’s employees.
In 3Q22, F88 opened 85 new branches, reaching a total of 786 branches across all 63 cities and provinces of Vietnam.
In August, Marou welcomed the new Maison Marou at 57 Nguyen Du street, District 1 (Ho Chi Minh City). Thus, the total number of Marou retail stores reached 7 stores nationwide as of 30 September 2022.
In September, a new “Zero-waste” restaurant of Pizza 4P’s opened at Hikari Binh Duong, highlighting the company’s commitment to Sustainable development with no food waste, recycled packaging, and farm-to-table dining experience. As a result, the total number of Pizza 4P’s restaurants increased to 27 across the country.
Mutosi’s revenue increased 58% compared to the same period last year thanks to its footprint expansion at modern trade retails, particularly at 116 new points of sales from Dien May Xanh (a supermarket chain of Mobile World Group).
In September, Rever opened a new transaction center in Da Nang. This is the first transaction center outside of Ho Chi Minh city in a total of 6 transaction centers of Rever.
In September, Pharmacity announced Ms. Tran Tue Tri as its new Chief Executive Officer. With over 25-year experience in the retail and consumer sectors, Tri is leading the sustainable growth in Pharmacity’s next phase of development while upholding its commitment to health and wellness for over ten million of its loyal members.
Red Wok continued delivering the fun and loving core values through its hero BiaCraft chain, welcoming the 7th BiaCraft location at K300 Cong Hoa, Tan Binh district (Ho Chi Minh City).
When MEF III divested in 2022, Pizza 4P’s grew from a chain of 8 restaurants in 2018 to a network of 27 restaurants in Vietnam and Cambodia, representing growth of more than three times. During this rapid growth, Pizza 4P’s has successfully maintained its uniquely high-quality standards and commitment to delivering ‘Wow’ dining experiences to its customers. As a validation of its stronghold in customer experience, Pizza 4P’s has been nominated as the Best Pizza in Vietnam and Cambodia as part of the Asia’s Best Awards 2022 by the well-known international magazine Travel + Leisure Asia.
