Cao Phong Company Limited (Vietnam)

Founded on 21 May 2001, the subject is currently trading various kinds of electronics, refrigeration, household electric appliances, interior products and kitchen utensils under the brand of SIEU THI DIEN MAY - NOI THAT CHO LON. Its headquarter is located at “Lot G, Hung Vuong Apartment Building, Ward 11, District 5, Ho Chi Minh City, Vietnam” with a total area of more than 4,000 m2 and more than 10,000 genuine products belonging to the world's electronics corporations such as Sony, Sanyo, Samsung, Panasonic, LG, Toshiba, Electrolux, Midea… Besides, it also distributes interior products with high-end brands such as SimpleHome, Gausmann, Sleep-Matics, Casa Italia, Costco… Recently, it imports from many countries such as China, Malaysia, the USA, Hong Kong, etc. Currently, the subject has 98 branches as well as stores in Ho Chi Minh City, the Western and Central provinces. The company is planning to expand to the North region in the near future. According to information on its website, the subject's shareholders own a hotel brand of "The Luxe" which appears in Ho Chi Minh City, Lam Dong and An Giang Provinces. This hotel brand is said to accompany the subject in media information.The subject is a long distance away from the leader of this field - THE GIOI DI DONG JOINT STOCK COMPANY with more than 3,200 stores in the whole country. According to THE GIOI DI DONG's statement, the current situation is clear that the economy of Vietnam in particular and the world, in general, is affected by many factors, and among them, the retail sector is also greatly affected, especially phones - and electronics because of their high product values. Specifically, the business situation of this industry in recent quarters as well as assessments for the next quarter is still difficult. Hopefully, the market will have more positive changes in the fourth quarter when people's year-end shopping needs increase.With not very positive predictions from the leader, this year's business results of the subject may not have significant breakthroughs.