Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
The Hanoi Department of Planning and Architecture has recommended the construction of a second airport in the city to cope with the rising demand for air travel. The new airport should be built in the southern district of Ung Hoa, 40 kilometers from the…
Telecom operator MobiFone has promised free data, calling, and text credit to customers affected by a network error lasting hours on Tuesday. It will offer 7.5 gigabytes of data for free to subscribers using smartphones and 1,000 minutes of calls in case of…
Despite recording double-digit growth last year, the American coffee chain Starbucks remained in third place in revenues behind two local competitors. Its 2019 revenue of VND780 billion ($33.6 million), up 32 percent year-on-year, was behind market leader…
Vietnam’s steel exports to China surged 19 times to 2.07 million tonnes between January and August on the strength of rising demand in a recovering economy. This was nearly 35 percent of Vietnam’s total steel exports in the period, and its value rose 15 times…
Vietnam’s aviation industry is gradually recovering with passenger numbers heading toward pre-pandemic levels after a months-long slump. Noi Bai International Airport in Hanoi handled 29,000 passengers daily during the weekend, nearly triple the daily average…
The Ministry of Industry and Trade has initiated an anti-dumping investigation into sugar imports from Thailand, which have increased six-fold this year. The probe follows complaints by Vietnamese sugar producers that Thai exporters, with a subsidy from their…
Police in Ba Ria-Vung Tau Province are investigating a copyright infringement involving Saigon Beer by a former employee of its brewer, Sabeco. They found over 9,000 boxes of the Saigon Vietnam Beer with the brand name and packaging similar to that of the…
The VN-Index edged up 0.14 percent to 897.47 points Wednesday, with trading volume significantly down compared to the last several sessions. The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, saw a fairly balanced session with 183 stocks…
Japanese carmaker Nissan has announced it will officially cut ties with its current distributor in Vietnam, Tan Chong, at the end of September. Both sides said they will part ways on September 30, ending all their partnerships in the production and…
Bamboo Airways plans to launch more new routes to Asian destinations like Japan, Singapore, and Australia besides resuming services to Taiwan and South Korea. It will resume flights from Hanoi to Taipei in Taiwan on September 29 and Seoul in South Korea on…
The number of applications for unemployment benefits in Hanoi as of September 10 has risen 22 percent year-on-year to nearly 60,000 as a fallout of the coronavirus pandemic. Last month the Hanoi Center for Employment Services (HCES) received 9,000…
Chinese discount retailer Miniso has opened more than 40 stores in Vietnam, four years since it launched in the market. Miniso entered Vietnam with its first store in Hanoi in 2016. Since then, the brand has been the local’s favorite destination for discount…
Vinpearl Jsc, the hospitality and entertainment arm of conglomerate Vingroup, saw first-half losses triple year-on-year due to the impacts of the coronavirus pandemic. The operator of premium resorts and theme parks recorded a loss of nearly VND5.1 trillion…
HCMC has proposed that a subsidiary of Samsung be defined as an export processing enterprise to enjoy zero import and export duties. The city said in a recent proposal to Prime Minister Nguyen Xuan Phuc that switching the label of TV screen producer Samsung…
Pham Van Tam, the founder of electronics firm Asanzo, has set up the Winsan Group, a $43 million enterprise to invest in electronics, dental, and food ventures. Tam recently announced a new role as chairman of the Winsan Group Investment Joint Stock Company,…
Vietnamese automaker VinFast posted a loss of nearly VND6.6 trillion ($284 million) in the first half, up four times year-on-year. The subsidiary of Vietnam’s largest private conglomerate Vingroup saw owner’s equity rising 10.8 percent year-on-year to VND28.1…
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