Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
State-owned lender Vietcombank reported a VND14.8 trillion (nearly $643.5 million) profit in the first half of the year, up more than 35 percent year-on-year. A senior Vietcombank official who did not want to be named said Monday that the rise in profit can…
Thai renewable energy firm BCPG Pcl on Tuesday said that its consortium had signed a 25-year agreement to deliver wind energy from a 600-megawatt project in Laos to Vietnam. An agreement between Vietnam’s electricity firm EVN and Impact Energy Asia…
The government will retain minimum ownership of 65 percent in state-owned banks and airport operators that privatize from now through 2025. It will keep a similar rate in large mining companies. The rates will be 50-65 percent in airlines and water utilities,…
Vietnam Report JSC recently announced the nation’s Top 10 prestigious and effective public companies for 2021 with six banks including Vietcombank, ACB, VPBank, VIB, MBBank and Techcombank. Over the past two years, these banks have been recognized by…
HCMC’s biggest wholesale market, Binh Dien, which has a growing number of Covid-19 cases linked to it, will shut down on Tuesday. Authorities in District 8, where it is situated, said they made the decision after the infection began to spread to other areas…
Three auto brands have begun to sell online as they seek to take advantage of the country’s e-commerce boom. Since January this year customers have been able to go to the VinFast website, select the model, customize color and interiors, and indicate mode of…
The foreigner community has high expectations for quality apartments with synchronized amenities and a favorable location, though good housing options remain limited. According to a survey by InterNations, in 2021, Vietnam ranked among the top 10 countries…
Inflation this year is likely to be 2.5-3 percent, well below the target of 4 percent set by the National Assembly, due to low consumer demand, analysts said. Global prices of strategic materials are likely to climb in the next few months due to geopolitical…
Japanese chain retailer Muji opened its first store in Hanoi on Saturday after opening one in HCMC last November. The store, which spans 2,000 square meters at Vincom Center Metropolis on Lieu Giai Street, is the second to be opened in Vietnam. The flagship…
The price of Vietnamese construction steel dropped to below VND17 million ($732) per ton, but contractors said this was still high. The Viet Duc Steel Company said it has lowered prices of steel bars and coils by VND300,000 per ton from July 1, while the Thai…
State-owned lender VietinBank has recorded pre-tax profits of VND13 trillion ($565.2 million) in the first six months of 2021, a year-on-year increase of 75 percent. Its ratio of non-performing loans at the end of Q2 was 1.38 percent, chairman Le Duc Tho…
In the first six months, 7,040 new high-end housing units were launched in HCMC, up 123 percent year-on-year, accounting for 59 percent of new supply. Mid-range supply rose 295 percent to 4,908 units, accounting for 49 percent of new supply, while no new…
Yet another fraudulent foreign exchange trading platform that cheated people out of hundreds of thousands of dollars has been exposed in HCMC. Nga, a resident of HCMC’s District 7 spends most of her time these days reading updates about FXTradingMarkets in a…
The Vietnamese government has ordered its central bank to study virtual money using blockchain technology over three years amid rising interests in this type of currency. The State Bank of Vietnam will be in charge of studying and trialing the use of virtual…
Express delivery giants like DHL and UPS are increasing their transport capacity to Vietnam thanks to rising demand due to the Covid-19 pandemic. Germany-headquartered DHL Express recently announced a new delivery route from Hong Kong to Ho Chi Minh City…
Fast increasing online groceries demand and the high growth potential of Vietnamese e-commerce market are factors driving Chinese giant Alibaba’s investment in Vietnam. A consortium led by the Chinese e-commerce giant invested $400 million in The CrownX, a…
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