Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
The average daily securities trading value surged 5.6 times year-on-year in April to $725 million, nearly equivalent to that of Singapore, according to HSBC. The lender said in a recent report that the figure, which far exceeds those of Malaysia and…
Vietnam targets reducing coal-fired power production by 6 percent this year to prioritize solar and wind energy even as it grapples with limited transmission capacity. This means a cut of 8 billion kilowatt-hours from a projected 126 billion kilowatt-hours of…
Vinamilk has climbed six ranks to 36th in the top 50 world dairy producers with the highest turnovers, according to Plimsoll, a British financial analysis agency. With revenue of $2.6 billion in 2020,Vinamilk is the only representative in Southeast Asia to be…
Electronics giant Samsung Vietnam has proposed that it joins a trial program to purchase power directly from renewable power plants instead of monopoly distributor Vietnam Electricity. Choi Joo Ho, CEO of Samsung Vietnam, submitted the proposal to the…
Vietnam has overtaken China as the largest furniture exporter to the U.S. as tariffs drive manufacturers out of the world’s second-largest economy. Vietnam exported $7.4 billion worth of furniture to the U.S. last year, compared to China’s $7.33 billion. This…
Honda Vietnam has announced it would recall 27,640 locally assembled and imported vehicles to resolve a fuel pump malfunction. The affected models are City (8,626 units), Civic (3,624 units), CR-V (10,687 units), HR-V (3,630 units), Jazz (630 units) and…
Vietnam is the largest gold market in Southeast Asia and among the top 10 markets in the world, a recent study has found. Last year consumer demand in Vietnam was 39.8 tons, higher than Indonesia’s 37.6 tons and Singapore’s 9.4 tons, according to the World…
Taseco Air Service JSC, owner of restaurants, duty-free shops, and advertising contractor at several airports across Vietnam, has posted a VND31.8 billion ($1.4 million) loss in Q1. This is the fourth consecutive quarter that the firm has reported a loss as…
The share issuance value of listed companies as of mid-April this year was more than 1.6 times that of 2020 as businesses seek to expand operations. As of April 13, 54 listed companies have announced plans to issue more shares this year to raise nearly…
With a dynamic and far-reaching recruitment strategy, Sun Group offers employees a work-life balance and opportunities through sustainable and community-oriented projects. Over 14 years, Sun Group has developed iconic landmarks in Vietnam, including unique…
An Australian firm has sought a patent for Vietnamese rice varieties ST25 and ST24. According to intellectual property authority, IP Australia, T&L Global Foods Supply PTY LTD on April 22 sought to register ‘Rice; Best Rice of the World’ trademarks for the…
Investment platforms offering quick, handsome profits are mushrooming in Vietnam as fraudsters look to take advantage of gullible social media users. Over 700 reports have recently been filed with HCMC police by thousands who have been tricked by smartphone…
Japanese electronics giant Panasonic will end TV production in Vietnam and India by the end of fiscal 2021. Panasonic decided to negotiate with Chinese rival TCL, the world’s third-largest TV maker, to handle its outsource production, after considering many…
Vietnamese game studio Topebox and its blockchain partner KardiaChain have raised $1 million for an upcoming blockchain game called My DeFi Pet. The investors include Shanghai-based venture capital firms Axia8 Ventures, OKEx Blockdream Ventures, and the…
The U.S. Department of Commerce has received demands for anti-dumping investigations into honey imported from Argentina, Brazil, India, Ukraine, and Vietnam. According to the Trade Remedies Authority of Vietnam, for the first time ever the country’s honey…
Large capacity hard drives are virtually out of stock in Vietnam because of a cryptocurrency mining craze in China. Customers and market observers say local people have been buying large-capacity hard drives in bulk and reselling them to the Chinese amidst a…
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