Home, wellness and lifestyle categories redefining everyday consumption.
A $2-billion power generation unit of state-owned utility Vietnam Electricity (EVN) will have an initial public offering on the country’s main bourse next month. The Power Generation Corporation 2 (EVNGENCO 2), based in the southern city of Can Tho, will…
More people are shying away from alcoholic drinks in Asia-Pacific, according to new research from GlobalData. Approximately three out of four people in the region said they were drinking less alcohol in August 2020, GlobalData said, and a third are likely to…
IKEA has launched the first-of-its-kind planning studio powered by Singapore-based interior design and renovation platform, Livspace. IKEA and Livspace have provided consultation to hundreds of homeowners in Singapore since the partnership started at the end…
Hanoi single-trip ticket passengers reached 63.6 percent of its annual goal, dropping 36 percent year-on-year, while monthly tickets decreased by 34.3 percent compared to 2019. Hanoi Transportation Corporation (Transerco) total revenue in 2020 was VND2.5…
Housing prices are rising faster in Hanoi’s outer districts than in areas closer to downtown, thanks to improved connectivity. Average prices in districts like Gia Lam and Nam Tu Liem rose 1.3 percent in the last quarter to $1,473 per square meter, and at 0.7…
This year’s retail sales growth was much lower than 9.5 percent seen in 2019 and was also the lowest rate in the 2011-2020 period due to the significant impact of the COVID-19 pandemic. Revenue from retail sales of consumer goods exceeded 3.9 quadrillion VND,…
Fitness studio chain Lamita has announced the closure of all of its 16 centers after Covid-19 caused it to go bust. Vu Thi Thuy Linh, the CEO of Lamita Fitness, said the main reason for the failure has been Covid-19 and not internal problems but admitted she…
The increasing solar power capacity has made it difficult for national utility Vietnam Electricity (EVN) to ensure stable power distribution nationwide. The nature of solar power capacity, which accounts for 25 percent of the total, is to produce high volumes…
Shareholders of electrical equipment producer Gelex have green-lighted an 81 percent increase in its capital to VND7.8 trillion ($338 million) to fund wind power plants and hotels. The Hanoi-based company, known for its electric cable brand Cadivi, will issue…
The government believes domestic car producers have received enough support from the discount scheme, and so will not extend it. The 50 percent discount scheme on the registration fees of cars produced domestically, which came into effect on June 28 this…
A conference will be held in Hanoi this month to accelerate digital transformation in the health sector, using technological achievements to raise the quality of treatments as Vietnam seeks to expand its remote healthcare network nationwide. Overview and…
Thailand’s Accommodation Occupancy Rate (AOR): Whole Kingdom data was reported at 30.400 % in Oct 2020. This records an increase from the previous number of 27.930 % for Sep 2020. Thailand’s Accommodation Occupancy Rate (AOR): Whole Kingdom data is updated…
Vietnam’s rate of child labor, 5.3 percent, is around 2 percentage points lower than the average in Asia and the Pacific, a study has found. This equates to more than one million children in the ages of 5-17 engaged in labor, the survey was done in 2018 by…
The government has cut electricity prices by 10 percent for the year’s last quarter to support economic recovery from Covid-19 impacts. The discount applies to businesses and households for a maximum of 300-kilowatt-hour consumption per month from October to…
Growth for the mainland Chinese luxury market is expected to climb by 48 percent to reach almost 346 billion yuan (around $52 billion) by the end of the year, according to Bain’s annual China luxury report released today in partnership with Tmall Luxury…
Foreign firms are pouring increasing sums of money into acquiring stakes in Vietnamese pharmaceutical firms, targeting larger market shares in a thriving industry. Dutch firm Stada Service Holding B.V. last month obtained permission from Vietnam’s Pymepharco…
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