Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietnam’s largest private lender Techcombank targets an increase of 25 percent in this year’s pre-tax profits to a record VND19.8 trillion ($858 million). It expects credit to grow by 12 percent. Profits rose by 23 percent last year to VND15.8 trillion. It…
The CEOs of early startups earn a median salary of $1,000 per month, lower than those in Indonesia and Singapore, a recent report says. A startup in the $0–5 million funding stage pays its CEO $2,000 a month in Indonesia and $4,000 in Singapore, according to…
Hanoi’s first metro line Cat Linh – Ha Dong is set to be handed over to city authorities in May for commercial operation. The company that built it, China Railway Sixth Group Co Ltd., on Wednesday began the process of handing over the Cat Linh – Ha Dong Metro…
Vietnam Airlines will reopen international commercial flights connecting Hanoi and HCMC with several Asian destinations including South Korea, Japan and Australia, starting this Saturday. The national flag carrier said flights from Hanoi to South Korea’s…
U.S. consumer electronics giant Apple will extend to Vietnam a program that provides independent repair shops with access to genuine parts. In a blogpost Monday, the company said it would open registrations for the program later this week for Vietnam and 37…
Vietnam’s benchmark VN-Index surged 2.07 percent to a new historic peak of 1,216.10 points Thursday, driven by Vingroup and Vietcombank tickers. The index rose throughout the day after breaking the 2018 peak of 1,204 points in the morning. It continued to…
The congestion caused by the Suez Canal blockage is delaying the shipment of Vietnamese goods to Europe and the Americas, and the exporters are fretting. The owner of a seafood exporting company in the southern province of An Giang is waiting for a…
A year after conglomerate Masan Group acquired it from Vingroup, the VinMart retail chain is set to become WinMart. The rebranding would take place after the restructuring of the retail chain is complete, Truong Cong Thang, CEO of The CrownX, a subsidiary…
Bamboo Airways and Vietnam Airlines are locked in a race to become the first Vietnamese carrier to establish a direct route to the U.S. The race has been re-triggered by the large demand for such flights amid the Covid-19 pandemic. Trinh Van Quyet, chairman…
Around 23,800 are temporarily closed, up 28.2 percent, and more than 5,000 have permanently ceased to do business, a 26.4 percent increase, while 11,300 others are completing dissolution procedures. The majority are small, newly-established companies that…
Vice-chairman of Bac Ninh People’s Committee, Vuong Quoc Tuan, said the province would provide support for the key project to get underway as soon as possible. General director of AEON Mall Vietnam, Nakagawa Tetsuyuki, said the Bac Ninh Province’s traditional…
Bamboo Airways has got a slot allocated at London’s Heathrow Airport to fly six times a week from Hanoi and HCMC starting in May. The flights would be operated using the airline’s long-haul Boeing 787-9 Dreamliner aircraft. The carrier had stated its…
A fruit and vegetable sector development plan approved by the government seeks to increase exports to $8-10 billion by 2030. Processed fruits and vegetables are expected to account for at least 30 percent of this, with two million tons expected to be shipped…
Vietnam’s crude oil export is plunging, partly because of depleting resources. An industrialist says the situation can only improve after new fields come online in several years. Crude exports volume from January 1 to February 15 this year fell nearly 50…
Vietnam Airlines is awaiting approval from the U.S. government to launch regular direct flights to the country to serve repatriation needs of the Vietnamese community. A representative of the national flag carrier told VnExpress that a large number of…
Vietnam’s biggest private conglomerate, Vingroup, is seeking shareholders’ approval to raise $500 million by issuing international redeemable convertible bonds. The bonds will be issued this year and listed in Singapore, but will not be traded in Vietnam. The…
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