The government believes domestic car producers have received enough support from the discount scheme, and so will not extend it. The 50 percent discount scheme on the registration fees of cars produced domestically, which came into effect on June 28 this…
Malaysia has slapped anti-dumping duties on Vietnamese cold-rolled stainless steel after completing a preliminary determination. The duties, ranging between 7.73 percent and 34.82 percent, have been imposed for three months starting December 26 on coils,…
National carrier Vietnam Airlines expects 2020 losses of VND12 trillion ($521.11 million), about 17 percent lower than it had forecast in August. The carrier’s consolidated revenue this year is estimated at VND42.5 trillion, with parent company revenues…
The Covid-19 pandemic’s severe impacts have seen as many as 101,700 businesses in Vietnam close up shop in 2020, up 13.9 percent year-on-year. Of these 46,600 have registered to temporarily suspend operations, while 37,700 are waiting to complete dissolution…
Vietravel Airlines, Vietnam’s sixth carrier, has received permission to fly aircraft for commercial purposes, and plans to begin operations in mid-January. It received the aircraft operator certificate from the Civil Aviation Authority of Vietnam (CAAV) last…
Twenty-two more Japanese firms have registered Vietnam as their next investment destination under a scheme in which the Japanese government will fund a production shift from China. With the latest additions, 37 out of 81 Japanese firms receiving the…
Thai cement giant SCG Group has acquired its seventh packaging company in Vietnam, Bien Hoa Packaging, at a cost of VND2.07 trillion ($89 million). The company owns a 94.11 percent stake in the company through its subsidiary Thai Containers Group Company Ltd,…
A conference will be held in Hanoi this month to accelerate digital transformation in the health sector, using technological achievements to raise the quality of treatments as Vietnam seeks to expand its remote healthcare network nationwide. Overview and…
Vietnam Airlines Group has called an extraordinary shareholders’ meeting next week to source low-interest loans to accelerate Covid-19 recovery. At the meeting, to be held on Dec. 29, the flag carrier will seek loans from its shareholders that comprise the…
Vietnam’s rate of child labor, 5.3 percent, is around 2 percentage points lower than the average in Asia and the Pacific, a study has found. This equates to more than one million children in the ages of 5-17 engaged in labor, the survey was done in 2018 by…
The government has cut electricity prices by 10 percent for the year’s last quarter to support economic recovery from Covid-19 impacts. The discount applies to businesses and households for a maximum of 300-kilowatt-hour consumption per month from October to…
The VN-Index gained 1.11 percent to 1,066.99 points Tuesday, after seeing one corrective session, with private banking blue chips the best performers. The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, was a sea of green with 296 stocks…
Foreign firms are pouring increasing sums of money into acquiring stakes in Vietnamese pharmaceutical firms, targeting larger market shares in a thriving industry. Dutch firm Stada Service Holding B.V. last month obtained permission from Vietnam’s Pymepharco…
The Vietnamese aviation industry has gone through one of its most challenging years ever as the Covid-19 pandemic restricted flights and caused airlines huge losses. The number of flights the country’s five commercial airlines operated fell 36 percent…
Canadian insurer Manulife will acquire the Vietnamese business of British company Aviva and its 16-year bancassurance deal with VietinBank. It will take over the exclusive partnership with VietinBank when the deal is completed, Manulife and the lender agreed…
Ride-hailing company Gojek has raised fares by 8.3-10 percent following the recent revamp of the value-added tax regime, which requires it to pay more. The hike applies to all three services it offers in Vietnam, motorbike taxi, food delivery and goods…
Retail Academy: Vietnam
Free background guides on how retail works in this market.
A young, urbanising market where modern trade is growing quickly, convenience and mini-supermarkets are the battleground, and Hanoi and Ho Chi Minh City beha…
Who the landlords are, how leases are structured, what drives rent, and how to choose a location in Vietnam.
Asia Market Guides · 8 min read
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