Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
The Hanoi-HCMC route is the world’s second-busiest in November after South Korea’s Jeju-Seoul, according to British aviation analysis company OAG. The flight route connecting Vietnam’s two largest cities, which takes around two hours, has nearly 893,000 seats…
The decree requires banks to provide the account balance and transaction details to tax authorities upon request. While the current law does state that the banks are required to provide authorities with information, the nature of such information was not…
Vietnam has the highest number of adult gamers in the world in 2020, according to a recently released global consumer survey by German data portal Statista. Ninety four percent of Vietnamese said they gamed at least occasionally while nearly 20 percent said…
An Earth-observation satellite developed by European and U.S. space agencies will measure sea level rise, tracking changes threatening to disrupt tens of millions of lives within a generation. If all goes according to plan, the payload will be hoisted into a…
Apartment prices in Hanoi and Ho Chi Minh City continued to rise in the third quarter, going up by 0.24 percent and 0.35 percent from the previous quarter. According to the Ministry of Construction, lower-end apartments in Hanoi, often built in developing…
The National Assembly has approved several measures to help national flag carrier Vietnam Airlines overcome the financial impacts of Covid-19. A parliamentary resolution passed Tuesday allows the State Bank of Vietnam to refinance and offer loan extensions no…
While the automotive industry’s target of using 35-45 percent locally made parts remains elusive, auto companies are increasing investments in supporting industries. On September 22 TC Motor began construction of the 340 ha Thanh Cong Viet Hung Complex for…
The VN-Index plunged 1.60 percent to 950.79 points Monday, its biggest single-session loss since October 28. The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, saw 305 tickers lose and 146 gain. Total trading volume was at this year’s…
Conglomerate Masan Group will invest VND5 trillion ($215.7 million) in the subsidiary that controls its VinMart retail chain to help expand it. The investment would quadruple the charter capital of The Sherpa to VND6.5 trillion, it said in a statement.…
The first phase of the Long Thanh International Airport project, costing over $4.6 billion, has been approved by the government. The decision approving the airport, designed to become an important regional international air transit hub, was signed Wednesday…
Foreign streaming companies like Netflix and Apple TV have earned combined revenues of nearly VND1 trillion ($43 million) so far but have not paid any tax on them. Minister of Information and Communications Nguyen Manh Hung said the figure was arrived at from…
Companies in Hanoi are struggling to find Grade A office space in the downtown area because of limited supply. Major Grade A office buildings in the downtown district of Hoan Kiem are recording 95-100 percent absorption rates due to high demand in the capital…
Bamboo Airways has received a permit from the U.S. Department of Transportation to carry passengers and cargo to that country. It has been allowed to use the wide-body Boeing 787-9 Dreamliner to fly directly from Hanoi and Ho Chi Minh City to places like Los…
The U.S. has slapped preliminary countervailing duties of 6.23-10.08 percent on Vietnamese tires, alleging they are subsidized by an undervalued currency. The duties, which apply to imported passenger vehicle and light truck tires, were announced by the…
Vietnam’s labor export has plunged this year due to pandemic imposed travel restrictions and fear of contracting the virus abroad. The number of Vietnamese leaving abroad for work in the first nine months fell 59 percent year-on-year to just over 42,800,…
With Vietnam not producing enough or competitively priced raw materials for the textile industry, its companies are struggling to fully benefit from the EVFTA. The lack of fabric production in the country means businesses are unable to meet origin…
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