Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietnam is set to delay an online tax on e-commerce vendors by five months to support economic recovery amid severe Covid-19 impacts. The Ministry of Finance has proposed to the government that the implementation of Circular 40 be postponed until January 1,…
A seafood export recovery has helped bigger firms boost profits while smaller ones have struggled with the spike in shipping rates. Seafood exports topped $4 billion in H1, a year-on-year increase of 15 percent, according to the General Department of Vietnam…
The Vietnam Steel Association (VSA) has protested the latest proposed adjustments to tariff rates on steel products saying they will hurt domestic manufacturers. Under the proposal made by the Ministry of Finance, export tariff for billets would rise from…
Supermarkets in Hanoi are stocking two or three times their normal volumes of goods and increasing warehouse capacity to brace for a worsening of the Covid-19 pandemic. The acting director of the city Department of Industry and Trade, Tran Thi Phuong Lan,…
Market recovery and larger freights helped Vietnamese seaport and maritime transport enterprises, both state-owned and private, gain bigger profits in the first half of this year. Vietnam National Shipping Lines (VIMC) made consolidated revenues of more than…
Delivery app Grab wants food delivery services resumed in Hanoi since they help reduce the number of people gathering to fulfill various needs. “Since Hanoi authorities have been limiting the number of people at supermarkets and retail locations to lower the…
The shutdown of two contract manufacturers in Vietnam due to Covid-19 could worsen Nike’s sneaker supply problems, a market research company has warned. The fact that South Korea’s Changshin Vietnam and Taiwan’s Pou Chen Corp in HCMC have stopped operating…
Nearly 8,000 Vietnamese farmers started trading on e-commerce platforms in the first six months, up 191 percent year-on-year, as authorities pushed the development of the digital economy. The total value of agriculture produce on e-commerce platforms in the…
Vietnam has pledged not to deliberately weaken its dong currency, reaching an agreement with the U.S. Treasury to make its monetary and exchange rate policies more transparent. The agreement, announced in a joint statement by Treasury Secretary Janet Yellen…
Taxi operator Vinasun reported a loss of VND66 billion ($2.87 million) for the second quarter, its sixth consecutive quarterly loss as Covid-19 continued to wreck its business. Revenues were VND150 billion, the lowest since the company listed on the stock…
A lack of policies promoting battery production and building a charging station network is preventing the electric car market in Vietnam from hitting the road running. At the end of March, automaker VinFast began accepting pre-orders for its first electric…
The Vietnam Embassy in the U.S. expects further favorable conditions from US agencies for Bamboo Airways to operate its inaugural non-stop flight connecting Vietnam and the States. In the official dispatch on July 9, the embassy expresses its gratitude to the…
HSBC expects Vietnam’s economy to face challenges related to foreign exchange and interest rates in the second half of this year. Ngo Dang Khoa, head of global markets at HSBC Vietnam, said recent outbreaks of Covid-19 have sparked worries about production…
National flag carrier Vietnam Airlines plans to form a cargo carrier as part of efforts to shore up its business that has been hard hit by Covid-19 outbreaks. The carrier has converted seven passenger planes into cargo carriers – five wide-bodied Airbus A350s…
Some customers have taken undue advantage of its price stabilization program to buy large volumes of goods and resell them at higher prices, leading supermarket chain Saigon Co.op says. The Saigon Union of Trading Cooperatives said the unethical hoarding has…
Auto sales in the first six months rose 40 percent year-on-year to 150,481 units, according to Vietnam Automobile Manufacturers Association (VAMA). Passenger vehicles saw sales rise 37 percent in the period, while commercial vehicles grew 48 percent and…
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