Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
In celebration of Lunar New Year 2020, new-age carrier Vietjetofficially commences its newest direct route linking Hanoi and Bali, Indonesia on the second day of Lunar New Year. This is Vietjet’s second service to the popular holiday destination, following…
Vietnamese airlines have offered to refund customers who want to cancel their flights to and from China amid the coronavirus outbreak. Flag carrier Vietnam Airlines and low-cost arm Jetstar Pacific stated Friday both would refund tickets and allow free…
Techcombank has reported a 20 percent year-on-year surge in 2019 consolidated pretax profits to more than VND12.8 trillion ($552.8 million). The nation’s largest private lender by assets said in its latest financial report that the profit increased as credit…
Masan’s acquisition of a majority stake in Vingroup’s minimart chain was a “big step” to break into consumer retail, the group’s chairman says. The food conglomerate chose Vincommerce as an acquisition target because it had the largest retail platform by a…
With a week to go before the Lunar New Year, or Tet, supermarkets in Hanoi are thronged with shoppers. Lees ook: LG and Naver are teaming up to make robots better DTI to showcase Filipino retail brands in Jakarta WhatsApp calls log could soon be integrated…
Many people in Hanoi and Saigon were unable to withdraw cash from ATMs while online bank transfers also took longer than usual during the weekend. Three ATMs belonging to a bank on Hanoi’s Pham Ngoc Thach Street stopped working several times in the past few…
Banks, ATMs, and online banking systems have been overloaded towards the end of the Lunar New Year, forcing customers to wait long hours. Hoa went to a major bank on Hanoi’s Duy Tan Street early one recent afternoon to process the payment of a loan. She was…
Taxis are refusing to charge by the meter and ride-hailing apps have doubled ‘peak hour’ prices and added surcharges as Tet draws close. Monday evening, five days before the Lunar New Year (Tet), Hoang Viet requested a car on ride-hailing app Grab. He was…
Post-tax profits surged 22 percent year-on-year for Vietnam’s largest brewer Sabeco, reaching VND5.37 trillion ($231.96 million), its highest annual profit ever. The brewer’s 2019 revenues increased 5 percent year-on-year to VND37.9 trillion ($1.64 billion),…
Vietnam hopes to sell locally-made 5G equipment to the U.S. as it prepares the commercial launch of the telecom technology this year. Information and Communications Minister Nguyen Manh Hung proposed to a delegation of the U.S. House of Representatives Monday…
Nguyen Thai Hai Van will commence her role as Vietnam CEO of Singapore-based ride-hailing giant Grab on February 1. Van, the first female Grab CEO in Vietnam, will oversee business strategy and operations across the country, Grab stated Monday. Van boasts 17…
Sales of luxury cars in Vietnam surged in 2019 with the rich showing greater preference for premium vehicles in a fast-growing economy. Mercedes-Benz sold the highest number of luxury cars at 6,800 units, up 8 percent from 2018. The imported crossover SUV…
Liverpool FC has partnered with CRC Sports to launch a merchandise pop-up store in Vietnam. Located at Estella Place shopping mall in District 2, the pop up offers fans a full range of New Balance replica kit as well as authentic Liverpool FC merchandise,…
Typo Vietnam has launched its second store in Ho Chi Minh City, a month after making its debut in the country. Located at Crescent Mall, the new Typo Vietnam store features a wide collection of gifts, decor and travel accessories. The Australian stationery…
Vietnam consumer-goods company Masan Group says it plans to shut down hundreds of VinMart and VinMart+ stores it purchased from VinGroup last year. The company said they will open 10-30 new Vinmart supermarkets and close 100-300 Vinmart+ stores this year to…
Heineken Vietnam Brewery has paid VND917.2 billion ($39.7 million) in back taxes and fines for a 2018 transaction. Singapore-based Heineken Asia Pacific Pte. Ltd. had, at the end of 2018, struck a deal valued at over VND4.8 trillion ($207.7 million) with the…
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