Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietjet Air plans to start flying to the Middle East, Eastern Europe and Australia using the 20 Airbus A321XLR aircraft it has ordered. “When we receive the airplanes with the longer range, then we can serve up to 60 percent of the global population,” Nguyen…
Japanese auto parts maker Toyoda Gosei plans to build another airbag plant in Thai Binh Province at a cost of $16.8 million next year. Work on the plant will begin in May 2020. When completed in October 2021 it will help increase the company’s capacity in…
From 2020, Vietnam’s airports will allow cars to wait 10-15 minutes while dropping or picking up passengers. Each airport will have its specific no-toll timeframe, which will be decided by the government, said Vu The Phiet, General Director of the Airports…
Major international brands are setting up shop in Vietnam and expanding quickly to tap a rapidly growing fashion market. Last week Japanese casual wear retailer Uniqlo announced it would open its first store in the country in Ho Chi Minh City’s District 1 on…
Feature phones still account for nearly four out of every 10 mobile phones sold in Vietnam. Around 1.7 million phones were sold in September, of which over 600,000, or 37 percent, were feature phones, according to market research institute GfK. While there…
The HCMC Transport Department will launch a public transport service using electric motorbikes at the end of this year. The service is part of a memorandum of understanding (MoU) signed last week between the department and Grab Vietnam, the local unit of…
Vietnam’s e-commerce platforms are going all out with promotions and other marketing campaigns to woo customers for the year-end shopping season. Immediately after Apple’s latest iPhone 11 was released in Vietnam on November 1 at midnight, CEO of…
Vietnamese food giant Masan is struggling to grow its beer business, which is suffering losses and could drop out of the domestic market. Masan expects a loss of $15 million this year from its White Lion beer brand, Danny Le, board member of Masan Consumer…
VinSmart, the smartphone producing unit of Vietnam’s biggest private conglomerate Vingroup, has revealed its first 55-inch smart TV. The smart TVs are currently being manufactured in a factory in Hanoi’s Hoa Lac Industrial Park, and are set to be released…
Coworking startup WeWork plans to open two more offices in Ho Chi Minh City’s District 1 this month. One of them will be at Lim Tower 3, and rents will start at VND6.9 million ($297) per month for a single-seat, according to the company’s website. Another…
Uniqlo has signed up a raft of Vietnamese celebrities to launch its much-awaited first store in the country. Uniqlo Vietnam will make its debut on December 6, opening in a three-level, 3097sqm space previously occupied by a Parkson department store. It is…
Vietnamese authorities suspect $4.3 billion worth of aluminum has been imported with the intent of being exported to the U.S. relabeled as made-in-Vietnam products. Vietnam Customs recently discovered signs of origin fraud in 1.8 million tons of aluminum…
Vietcombank is selling its stake in a JV with French life insurance firm BNP Paribas as part of a possible bancassurance deal with a foreign buyer. Its board of directors passed a resolution approving the divestment of an unspecified stake in Vietcombank –…
A halt to investment in new coal-fired power plants is required to check the trend of increasing coal consumption, a report warns. The report, released on Monday by the Ministry of Industry and Trade in collaboration with Denmark’s Energy Agency, said the…
Orders for iPhone 11 models soar to twice that of iPhone X last year, with more customers preferring authorized resellers for post-sale services. As of October 31, data from electronics chain FPT showed that customers have put down deposits for 12,300 iPhone…
Budget airline Vietjet has ordered 20 Airbus long-range A321XLR aircraft to expand its international reach as Vietnam’s aviation market keeps growing. With a range of up to 8,700 kilometers, the aircraft will serve Vietjet’s plans to expand its international…
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