Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietnam’s currency will likely remain stable this year as the greenback weakens and foreign exchange reserves rise, experts say. The reference rate set by the State Bank of Vietnam (SBV) has remained mostly stable this year and was at VND23,205 Tuesday. Rates…
Bamboo Airways plans to open a direct regular route between Hanoi and Melbourne early next year using the wide-body aircraft Boeing 787-9 Dreamliner. The airline made this announcement after conducting its first flight to Australia last Sunday to carry nearly…
The textile and garment industry continues to be hurt by the Covid-19 pandemic with only weekly orders coming in due to uncertain demand. Shipments of textile and garment, Vietnam’s third-largest export earner, fell 11.6 percent year-on-year in the first…
With its energy deficit rising every year, several experts are advising Vietnam to reconsider the shelved nuclear power program. Nuclear energy is one of the recommendations made by experts as the Industry and Trade Ministry (MoIT) gathers public inputs for…
Vietnamese tourism companies are not enthused about the possibility of flight resumption to six Asian destinations because they don’t expect large numbers of tourists to board these flights. Nguyen Cong Hoan, deputy CEO of Hanoi Redtours, said that flights to…
Alibaba.com, the global B2B e-commerce platform of Alibaba Group, launched a landmark initiative Monday to help companies in Vietnam go online and reach an enormous pool of qualified global buyers. As an international extension of the 2020 Spring Thunder…
Better second-quarter figures could indicate that the most challenging period for beer makers this year could have ended, a report says. Vietnam’s biggest brewer Sabeco saw a year-on-year revenue fall of 21 percent in the second quarter, smaller than the 47…
Vietnam’s sovereign fund and two Singaporean investors failed to acquire stakes in dairy giant Vinamilk this month as they had planned. A subsidiary of the State Capital Investment Corporation (SCIC) was unable to buy 225,000 VNM shares, or a 0.01 percent…
The Planning and Investment Ministry has suggested that the PM delays his approval to new carrier KiteAir’s investment proposal over Covid-19 impacts. The establishment of the new airline would add to the business woes wreaked on the local aviation industry…
American chain KFC is the most frequently visited fast food restaurant chain in Vietnam, with 45 percent of respondents visiting its stores often, a new survey found. It is followed by South Korea’s Lotteria with 17 percent of 600 respondents, and American…
Vietnam led Southeast Asia in the number of phishing attacks targeting small enterprises in the first half of this year. There were more than 1.6 million attacks on small and medium-sized enterprises with 50-250 employees in the region, up 39 percent from the…
Vietnam led Southeast Asia in the number of phishing attacks targeting small enterprises in the first half of this year. There were more than 1.6 million attacks on small and medium-sized enterprises with 50-250 employees in the region, up 39 percent from the…
Eight casinos in Vietnam saw their combined revenues rise 60 percent from 2018 to VND2.5 trillion ($108 million) last year. These eight establishments were licensed before March 2017, when the government began a trial project allowing Vietnamese to gamble in…
He joins from Maritime Bank, a Vietnamese bank where he was CEO for four years before taking up its deputy chairman position earlier this year. Deutsche Bank has appointed seasoned banker Huynh Buu Quang to lead the bank’s expansion of its franchise in…
Samsung has rebutted reports it plans to shift part of its smartphone production in Vietnam to India, saying the former will continue to be the group’s major manufacturing base. Samsung Vietnam said in a statement that its smartphone manufacturing factories…
Shopee reported a new web traffic record in Vietnam with 52.5 million monthly visits last quarter, exceeding Lazada’s previous record in 2017. The Singapore online shopping platform’s numbers exceeded those of the next two put together, Vietnamese companies…
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