Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Buy2Sell Vietnam has signed a memorandum of understanding on cooperation with CJ Logistics to support imports and exports in Vietnam. Under the partnership, CJ Logistics will provide logistics services to e-commerce merchants and buyers of Buy2Sell Vietnam…
Chinese e-commerce giant Alibaba Group Holding and partners have invested $400 million in the retail unit of Vietnamese conglomerate Masan Group, Masan said on Tuesday. The consortium, which includes Alibaba Group and Baring Private Equity Asia, has paid for…
South Korean supermarket chain E-mart is to exit its Vietnam business, with reports suggesting it will be sold to local car manufacturer Truong Hai Auto Corporation (Thaco Group). According to The Korea Times, E-mart announced earlier this week that it will…
Vietnam imported 6,633 completely built-up (CBU) cars from China in the first four months, a 480 percent surge over the same period last year. Industry insiders explain the increasing popularity of cars imported from China to good designs and modern features.…
A consortium led by Chinese e-commerce giant Alibaba will invest $400 million in the subsidiary of conglomerate Masan Group that operates retail chain VinMart. The consortium, including Baring Private Equity Asia, one of the largest private equity firms in…
Experts say the government will find it difficult to rein in inflation this year as surging food and materials prices hurt citizens and businesses. Loan and her husband in HCMC’s District 5 spent around VND120,000- 200,000 ($5.22-8.70) per day last month on…
The government has asked steelmakers to implement several steps to control rising steel prices that are hurting construction contractors. Deputy Prime Minister Le Minh Khai has asked the Ministry of Industry and Trade to push for increased domestic steel…
The Ministry of Finance has rejected a proposal to reduce auto registration fees by half, saying it is not necessary for the current setting. The proposal was made by the Vietnam Automobile Manufacturers Association (VAMA), seeking support for manufacturers…
Seven banks are in the list of Top 10 most profitable listed companies in Q1, recording increases in pre-tax profits. Topping the list are two state-owned lenders Vietcombank and VietinBank. The former recorded VND8.6 trillion ($373.9 million) in pre-tax…
Acquiring flight slots at U.S. airports is only the beginning of a challenging journey to making the Vietnam-U.S. direct route a reality, experts say. Private carrier Bamboo Airways recently acquired slots to operate regular direct flights from Ho Chi Minh…
Vietravel is seeking to sell an unspecified stake in its new airline which began flying earlier this year. The travel giant will seek shareholders’ approval at the annual general meeting at the end of this month to sell the stake. Vietravel Airlines is wholly…
Aviation authorities have rejected the proposal of five localities to build their own airports and suggested that only one be added to the current master plan. Airport proposals by the northern provinces of Ha Giang, Bac Giang and Ninh Binh as well as the…
Lychees grown in Hai Duong Province will be sold on e-commerce platforms Voso, Sendo, Lazada, and China’s Alibaba on Saturday, according to the Vietnam Trade Promotion Agency. It would be the first time that the fruits are sold online, and the agency said the…
Indonesia-based ride-hailing company Gojek will start offering car rides service in Vietnam in the next few weeks and allow cashless payments later this year. Gojek Vietnam CEO Phung Tuan Duc said Wednesday that the new service will be called GoCar. He did…
Ferrari Vietnam is recalling 24 cars for airbag faults that can cause severe damage in the event of a crash. The recall covers five models: 458 Speciale, 488 GTB, 488 Spider, California T, and F12 Berlinetta. The recalled cars were produced between March 2014…
Vietnam has exported $1.01 billion worth of rice in the first four months of 2021, up 1.2 percent year-on-year, thanks to higher rice prices. The volume of rice exports during the period dropped 11 percent year-on-year to 1.9 million tons, according to the…
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