Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietjet has unveiled a total of seven new routes, further expanding its international flight network. This includes the announcement of five new routes linking Hanoi, Da Nang and Ho Chi Minh City to multiple destinations in Japan, and the commencement of two…
Starbucks Vietnam has opened a concept store at a new urban development called Ecopark in Hung Yen, near Hanoi, its 63rd store in the country. Located at the heart of Summer Park, Starbucks Ecopark features a mixture of rural and modern aesthetics, creating…
The HCMC Lottery Company Ltd. made pretax profits of over VND1.3 trillion ($56.29 million) last year, up 13.7 percent from 2018. Its revenues were up 15.2 percent to VND8.9 trillion ($385.4 million), it said in a release. Three percent of its revenues came…
An abundant supply of imports, the introduction of new models and stiffer competition have pulled car prices down, industry insiders say. Toyota Innova, among the most popular multi-purpose vehicles (MPVs) in Vietnam, saw its price go down 13 percent…
Broadcasting video games and selling goods using live-streaming is now a real profession in Vietnam, where a tech-savvy population lives and breathes social media. Pham Thanh Nam has been “shooting” people for a living for the last five years, not in real…
Malware caused Vietnamese users damage worth VND20.89 trillion ($900.8 million) last year, up 40 percent year-on-year. The surge came with the rising number of computers contaminated with malware from advanced persistent threats (APT), according to a report…
VietinBank, Vietnam’s third largest bank by asset, has reported an 83 percent increase in pre-tax profits to almost VND11.5 trillion ($495 million) in 2019. Its chairman, Le Duc Tho, said at a forum on Tuesday that assets rose 6.5 percent to VND1,240 trillion…
Bamboo Airways reported pre-tax profit of VND303 billion ($13 million) in 2019 after one year of flying. The private airline expects profits to increase by VND1 trillion ($44.4 million) in 2020, three times higher than last year, CEO Dang Tat Thang said. It…
The Vietnam Railways Corporation (VNR) has admitted its inability to meet performance targets because of competition from low-cost airlines. VNR transported VND8.4 trillion ($362 million) worth of cargo in 2018, up 5 percent year-on-year, but 1.9 percent off…
The first Muji Vietnam store is set to open within three months, a year after the Japanese household goods and apparel chain established an office in the country. As we reported last February, Muji Vietnam Ltd was registered and headquartered in Ho Chi Minh…
55 percent of buyers prefer used cars assembled in Vietnam to those imported from South Korea and Japan, a 2019 survey found. This figure is several times higher than the 16 percent who favor South Korea and the 11 percent stuck on Japan, according to Cho Tot…
Gold prices in Vietnam soared to a six-year high on Monday amid rising military tension between the U.S. and Iran. The country’s largest jewelry company DOJI sold its SJC gold at VND44.44 million ($1,924) per tael (1.2 ounces) on Monday morning, up 3.78…
Japan’s Aozora Bank Ltd could acquire 9.91 percent of Vietnam’s Orient Commercial Joint Stock Bank in a VND1.22 trillion ($52.8 million) deal. OCB is seeking shareholders’ approval to issue the private placement to the Japanese bank, with an offered price not…
Vietnam’s leading automaker and assembler Thaco shipped the first 15 buses to the Philippines on Saturday. Tran Ba Duong, chairman of Truong Hai Auto (Thaco), said the exported buses were redesigned after seven months of testing in the Philippines. They had a…
138,100 businesses were established in Vietnam this year, the highest ever, with the government’s initiative to increase the quantity and quality of enterprises bearing fruit. In terms of volume, the figure was up 5.2 percent year-on-year, while their…
Airports across Vietnam served near 116 million passengers this year, up 12 percent from 2018, with Vietnam Airlines Group and Vietjet dominating the market. About 64 percent, or 74 million passengers, were domestic, up 11 percent from last year, according to…
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