Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietnamese matchmaker Thong Nhat Match JSC plans to modernize operations due to dwindling sales. The company’s board said it would halt match production next year and delist its DTN shares from the unlisted public companies bourse (UPCoM). Annual match sales…
Vietnamese textile manufacturers are seeing orders decline with buyers moving to others, cheaper developing countries. Normally, by the end of a year they would have enough orders for the whole of the following year, Nguyen Van Thoi, chairman of TNG…
KiteAir, an airline established by hospitality group Thien Minh, hopes to launch its first flight next June after getting the Prime Minister’s nod. The delay of three months over the original schedule was required as Thien Minh Group awaited investment…
Vietnamese textile manufacturers are seeing orders decline with buyers moving to others, cheaper developing countries. Normally, by the end of a year they would have enough orders for the whole of the following year, Nguyen Van Thoi, chairman of TNG…
National flag carrier Vietnam Airlines has proposed that price caps on domestic air tickets be removed to allow carriers more pricing flexibility. The current price ceiling makes it difficult for airlines to diversify their prices, increase profits during…
Located in Hanoi’s southwestern district of Ha Dong, the three-story mall occupies a 22,700sqm area, featuring 221 retail tenants covering food, fashion, household goods and entertainment. The new mall brings more than 40 brands new to the city including Koi…
American diner chain Chili’s Grill & Bar has opened its first Vietnam store in Saigon, looking to tap the country’s growing middle-class market. The restaurant, located in SV VivoCity mall in District 7, was launched in Vietnam as a part of the Golden Gate…
Vietnam’s fintech firms secured $410 million, or 36 percent of the global capital pouring into Southeast Asia between January and September, behind Singapore. The country’s share of regional venture capital funding devoted to fintech soared from just 0.4…
Vietnam accounted for 30.9 percent of e-commerce web traffic in Southeast Asia in Q3, second only to Indonesia, a report says. Compared to the second quarter, e-commerce web traffic in Vietnam has risen by 5.2 percentage points, the highest growth in the six…
Vietnam’s 20-year auto industry is still far away from meeting its localization target to better compete with regional competitors. Lees ook: Fabi launches first retail store in India Sour note for Lancome-sponsored concert Festive feasts, online deals bring…
The first Uniqlo Vietnam store opened its doors today, marking the Japanese fast-fashion brand’s sixth market in Southeast Asia. Setting its foot in one of the fastest-growing economies in the region, parent Fast Retailing hopes to strengthen its presence in…
Viec.Co, a platform connecting employers and freelancers, scored the highest in a startup competition organized by VnExpress, Vietnam’s most-read online newspaper. Viec.Co surpassed other contestants in the top 5 to be named the winner of the Vietnam Startup…
Private budget airline Bamboo Airways says it expects profits in the first quarter next year as its fleet expands to 30 aircraft. The carrier’s deputy chairman Dang Tat Thang said at a press conference Tuesday that it was operating 20 aircraft with over 100…
The State Bank of Vietnam (SBV) announced Monday it has lowered the interest rates on compulsory reserves at banks by 0.4 percentage points. The new compulsory reserve interest rate has been reduced to 0.8 percent per annum for dong deposits, down from 1.2…
The Ministry of Transport has asked Vietnam Airlines for details about its plan to acquire 50 narrow-body aircraft by 2025. The national flag wants to buy 50 Airbus A3210/321 or Boeing 737 MAX 8/9/10 aircraft in 2021-2025 at a cost of VND88.13 trillion ($3.83…
Vietnam should improve its workforce quality and create better jobs if it’s to escape the middle-income trap, experts say. As of 2018, only 12 percent of jobs in Vietnam were high-skilled, while 54 percent were medium-skilled jobs and the remaining 34 percent…
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