Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
The B2B e-commerce platform’s newly opened stores are located in two of the most crowded shopping locations in Ho Chi Minh City, Lotte Mart and SC VivoCity Shopping Mall. Buy2Sell has launched a cosmetics store at Lotte Mart Vietnam, offering attractive…
ABBank plans to increase its charter capital by 65 percent to VND9.4 trillion ($407 million) through rights issuances of shares to existing shareholders. There will be two issuances, one each in the second and third quarters of this year, the Hanoi-based…
The producer of Hanoi Beer expects sales to be badly hit by the Covid-19 pandemic this year and profits to fall to a 10-year low as a result. The Hanoi Beer Alcohol and Beverage Jsc forecast post-tax profits of VND255 billion ($11 million), down 59 percent…
Thailand’s leading coffee chain Café Amazon plans to expand in Vietnam after five months of establishment in the country. A spokesperson said recently the chain sees long-term potential in Vietnam and will expand in Ho Chi Minh City and neighboring provinces…
South Korea’s Kumho Tire plans to invest $305 million to expand its plant in Vietnam. The expansion, when completed in the first quarter of 2023, is expected to nearly double the plant’s capacity to 9.3 million tires a year. “After considering our plans to…
Lender Eximbank has sought approval from the State Bank of Vietnam to pay a dividend of VND1,800 ($0.07) per share for 2020. The bank sold its bad debts to the state-owned Vietnam Asset Management Company (VAMC) in 2015 against bonds on the condition it is…
U.S. aerospace company SpaceX can only launch its satellite Internet service Starlink in Vietnam if it ties up with a local partner, Vietnam’s Department of Telecommunications said. SpaceX, owned by South African-American billionaire Elon Musk, recently…
Vietnam is set to cut up to 1.74 billion kilowatt-hours of renewable energy in the second half this year to deal with national grid overload. A plan proposed by the National Load Dispatch Center (NLDC), under the national utility Vietnam Electricity (EVN)…
Vietnam’s aviation authorities have ordered Bamboo Airways to stop selling tickets for the wrong flight slots after many passengers complained of canceled and delayed flights. Each airline has an allocated number of flight slots, meaning a specific period of…
HDBank reported a 67 percent increase year-on-year in consolidated profit in the first quarter to over VND2 trillion ($86.9 million). Its outstanding loans at the end of the quarter were VND198 trillion, up 5 percent from the end of last year. The parent…
Vietnam’s economy is set to grow at 6.5 percent this year, well above the ASEAN average of 4.9 percent, as it shrugs off the impacts of Covid-19. It is the second-highest rate forecast by the International Monetary Fund for ASEAN-5 countries. The Philippines…
Vietnam’s Transport Ministry has allowed the Boeing 737 Max aircraft to pass through the country’s airspace after two years. The decision was taken following a proposal made by the Civil Aviation Authority of Vietnam (CAAV) last month, citing Boeing’s efforts…
Vietnam’s biggest private conglomerate Vingroup sold stakes in five companies and acquired shares in six others last year, according to its audited consolidated financial statement. It sold 80 percent each of MV Real Estate JSC and the MV1 Real Estate JSC to…
Vietnam Airlines wants aviation authorities to set floor fares and increase the ceiling, saying it would ensure fair competition among carriers. In a proposal it sent to the Civil Aviation Authority of Vietnam, it wants the fare ceiling to be increased by…
H&M’s attempt to mend fences in China after angering consumers there with its stance against forced labor appears to have triggered another boycott next door in Vietnam. The Swedish fashion retailer drew Vietnam’s ire after it posted a map on its website that…
Siam Cement Group (SCG), one of Thailand’s leading industrial companies, has earmarked Vietnam as its top priority market in upcoming years. Once a petrochemicals plant comes online in southern Vietnam, the company anticipates revenue from Southeast Asia…
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