Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Tourism company Vietravel has already posted a loss of VND72.8 billion ($3.15 million) this year, or 81 percent of the loss it suffered in the whole of last year. Revenues fell nearly 65 percent to VND277 billion as the Covid-19 outbreaks in the first quarter…
The Business Climate Index of European companies in Vietnam has climbed back to near pre-pandemic levels amid the economic recovery. It rose 10.3 percentage points in the first quarter from the previous quarter to 73.9 percent, according to a survey released…
A large demand for agricultural produce and electronics products as well as rising e-commerce potential give Vietnamese exporters greater opportunities in the U.S. market, experts say. The U.S. is a market with much potential for Vietnamese companies,…
Pharmacy Online Concierge Pharma has secured $4.5 million in an equity financing round to digitize pharmacies in Vietnam. Based in Vietnam and Hong Kong, the platform helps stakeholders such as pharmacies, drug manufacturers, distributors, wholesalers, and…
Private carrier Bamboo Airways has increased its charter capital by 28 percent to VND16 trillion ($695 million), the highest in the industry. Since it was set up in May 2017 with a capital of VND700 billion, this is the airline’s seventh hike. Its chairman,…
The chief of the company that produces Hanoi Beer, Habeco, expects sales to be hit badly by Covid-19 this year and profits to plummet to a decade low. The brewery targets post-tax profits of VND255 billion ($11 million), down 64 percent from last year. Its…
Property giant Vinhomes reported a 99 percent year-on-year rise in first-quarter revenues to VND12.9 trillion ($564.6 million). But pre-tax profits were down 30 percent to VND7 trillion due to rising selling expenses. At the end of last year, the company had…
VietinBank Securities targets pre-tax profits of VND180 billion ($7.8 million) this year, up 20 percent from 2020, as the stock market continues to rise. The company secured a $30-million loan from a consortium of four Taiwanese banks in March and another $60…
Its revenue target is VND795 billion, a 7 percent rise. The targets were announced at the company’s annual general meeting on Tuesday. It is set to benefit from the start of the new Vietravel Airlines by leading tour company Vietravel last January and the…
It attributed the falling profit to a 20 percent drop in income from financial activities and a 27 percent increase in cost of goods sold during the period. The company also said that the pandemic has changed consumer behavior in its main export markets like…
The Mobile World Investment Joint Stock Co. targets VND125 trillion ($5.4 billion) in net revenues and VND4,750 billion ($206.6 million) in after-tax profits this year. The targets are respectively 15 and 21 percent higher than the company’s 2020 figures. The…
Clean and reliable nuclear energy could help Vietnam meet its growing power demand over the long term and ensure its development is not derailed, experts say. Prof Sheldon Landsberger of the University of Texas at Austin, the U.S., an expert in nuclear and…
The bank said a surge in net interest income and a cut in operational expenses has boosted its Q1 performance. Its net interest income grew 30 percent in the period, while operational expenses dropped 10 percent, according to the bank’s financial statement.…
In the first quarter this year, exports of phones and components were worth $14.1 billion, 99 percent of it by foreign firms. Exports of computers and parts exports topped $12 billion, with foreign companies accounting for 98 percent. The agency said the rate…
The Saigon Zoo-Botanical Garden Company Ltd has reported a VND6.8 billion ($304,300) loss for 2020 as Covid-19 kept people away from its zoo. Its revenues fell by 38.6 percent to VND70 billion, the lowest in six years. The 157-year-old zoo in District 1…
The number of motorbike taxi drivers riding for ride-hailing firm Gojek Vietnam has crossed the 200,000 mark with millions of commuters using its app. Competitor Be said last month it had 100,000 motorbike and car drivers. Singapore’s Grab, the market leader,…
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