Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Beauty technology company Social Bella announced its first overseas expansion with the launch of the beauty e-commerce platform Sociolla in Vietnam. Demand from beauty enthusiasts in Vietnam was one of the company’s considerations, following a US$58 million…
In downtown Ho Chi Minh City, Vietnam’s largest bookstore yet, Hai An, has opened its doors. Spanning five stories, the store features a contemporary design with an ocean-inspired concept including an art installation in an atrium. Lees ook: Phishing attacks…
Many people earning huge incomes from online commercial activities do not pay tax until discovered by tax authorities. There were more than 1,100 individuals working as a software and online game developers in the capital, a study done by the Hanoi Department…
Asia is currently going through widespread economic and business disruptions caused by the outbreak of the coronavirus (COVID-19), which originated in Wuhan, Hubei province in China, and the stringent government measures to contain it, threatening to stall…
Affordable housing in Hanoi and HCMC is out of reach for most citizens, mainly because of dwindling supply and rising prices. When he moved to Hanoi 13 years ago, Tran Thanh Ha nursed a common enough dream that he would one day own an apartment in the capital…
Telecom giants Viettel and Mobifone have received licenses to commercially test 5G broadcast in Vietnam’s two largest cities. Military-owned Viettel has been allowed to test in Hanoi with a maximum of 140 base transceiver stations while state company MobiFone…
Vietnam plans to bring the number of 2G subscribers to under 5 percent by 2022 so that it can stop this service and push the development of higher-technology cellular networks. There are 24 million 2G subscribers in the country or 18.5 percent of the total,…
Budget airline Vietjet has recorded a loss of nearly VND925 billion ($39.83 million) in the first nine months due to pandemic-imposed flight restrictions. The second-largest airline in Vietnam in terms of market share saw Jan-Sept revenues fall 64 percent…
The average rent for serviced apartments in HCMC has fallen to a five-year low as the Covid-19 pandemic stifles demand. The $23 per square meter per month price tag in the third quarter marks a 10 percent year-on-year fall, according to data compiled by real…
Though foreign firms continue to dominate the best workplace list, things are changing with more and more Vietnamese companies making the cut. The latter accounted for half of this year’s top 20 in the 100 Best Places to Work survey released on Thursday by…
Japanese automaker Suzuki is possible to assemble passenger cars in Vietnam in the coming time, a leader of the company says. Toshiyuki Takahara, general director of Suzuki Vietnam, told local media that the country is a key market for the company and it is…
Binh Dinh Province has given approval to a German company to study the possibility of building the country’s second offshore wind power plant. PNG AG will carry out a year-long study for a $1.5-billion wind power plant in the districts of Phu Cat and Phu My.…
Netflix does not have plans to open a representative office or place servers in Vietnam, but said it is working with authorities to meet tax obligations. The U.S. streaming giant said in a statement Friday that it is for governments to decide the rules on…
Most banks reported profit growth in the first nine months, but bad debts posted a double-digit rise due to the impacts of the Covid-19 pandemic. VPBank saw its pre-tax profits surge by nearly 30 percent year-on-year to VND9.4 trillion ($402.75 million) as it…
A recent survey by French market research firm Ipsos has found 61 percent of respondents expecting their earnings to improve in the next six months. However, the survey also found 15 percent fearing a further decline in their incomes during the same period.…
The Ho Chi Minh City Real Estate Association has called for regulating accommodation-sharing services like Airbnb for better management and taxation. Such services have become popular in Vietnam in recent years as they help meet the large demand for low-cost…
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