Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
National flag carrier Vietnam Airlines estimates its consolidated pre-tax profit for 2019 at an all-time high of VND3.37 trillion ($146 million). The figure also marks a 10 percent year-on-year increase, Vietnam Airlines said in a press release. Its…
Vingroup’s Vinpearl Air, a $200 million venture, is seeking to launch its first flight in July with expectations of turning profitable by 2023. The new airline could also recover its investment in 5-6 years, according to an evaluation report recently…
State power utility EVN will buy around 1.5 billion kWh of electricity a year from Laos for two years starting in 2021. Under contracts it signed on Saturday, Vietnam Electricity (EVN) will buy over 596 million kWh a year from two hydropower plants belonging…
Dwindling sales of locally assembled cars and rising sales of imports are causing local manufacturers to demand more tax incentives to compete. In the first 11 months of the year sales of locally made vehicles fell by 13 percent year-on-year to 169,739 units,…
Vietjet has received two new Airbus A321 aircraft, registered as VN-A521 and VN-A542, on 31 December 2019 at Tan Son Nhat International Airport. The total number of aircraft in Vietjet’s fleet is now 80, and the VN-A521 aircraft is the third 240-seat A321neo…
AirAsia has unveiled its maiden flight to Da Lat, capital of Lam Dong province in the central highlands of Vietnam. The inaugural flight made history as the first international airline to offer direct services between Kuala Lumpur and Da Lat. Nattinee…
Global stock markets closing for Christmas break on Wednesday could reduce selling pressure from foreign investors and help the VN-Index recover, analysts say. With foreign investors have been net sellers for the majority of sessions in December, the…
Vietnam’s biggest dairy company Vinamilk has acquired a majority stake in Moc Chau Milk, entrenching its market dominance. Vinamilk, formally Vietnam Dairy Products Jsc, has increased its ownership in GTNfoods from 43.17 percent to 75 percent, the dairy giant…
Bamboo Airways plans to sell its shares to foreign investors for VND160,000 ($6.9) per share as part of its IPO next year. The private airline is looking for investors from the U.S., Japan and Europe with experience and resources, it said in a statement…
Vingroup is to complete its exit direct retail businesses, shutting down its electronic business VinPro within this month. The closure of Vinpro is considered a sudden decision as the group acquired electronics chain Vien Thong A last year with more than 200…
Low supplies courtesy of the African swine flu epidemic have pushed pork prices up 29.6 percent from a month earlier. Small-scale farmers in the northern region were selling pork at VND92,000 ($4) per kilogram, up 29.6 percent from the five-year high of…
Samsung smartphones’ market share slipped 2.3 percentage points to 38.45 percent in October, the first time it has dipped below 40 percent this year. The South Korean brand sold over 500,000 smartphones in October, an increase of 20 percent compared to the…
US chain Chili’s Grill & Bar has opened its first restaurant in Vietnam in partnership with local food-franchise operator Golden Gate Restaurant Group. Located at SC VivoCity mall in Ho Chi Minh City’s District 7, the new restaurant is the 1700th Chili’s…
Flying from Hanoi to Saigon takes five minutes more per month due to overload at Tan Son Nhat International Airport. Duong Tri Thana, Vietnam Airlines CEO, told a forum Wednesday continued delays at Tan Son Nhat could drag down flight quality and hamper…
Vietnam’s biggest brewer Sabeco is set to charter four aircraft and a number of buses to ferry 2,000 outstanding workers home for Tet. It will cost Sabeco over VND5 billion ($217,000), and the company will identify the workers together with the management of…
Vietnam’s fruits exports to China in the first 11 months fell 13.7 percent year-on-year on the latter imposing more stringent conditions. Among total fruit exports to China worth $2.08 billion, coconut export value fell 34.9 percent year-on-year, while that…
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