Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Japanese clothing firm Stripe International has purchased a majority stakeholding in Vietnamese firm Global Fashion. The 70-per-cent shareholding will give Stripe a controlling interest in Vietnamese brand Vascara. It is the second Vietnamese apparel company…
Vietnam Airlines has been allowed to operate direct flights from Hanoi and Saigon to several American destinations. It is the first Vietnamese airline to receive such permission, according to FlightGlobal, a leading news site about the global aviation…
55 percent of Vietnamese online shoppers choose social networks over e-commerce platforms to buy fashion products, a new survey has found. Survey results released Thursday by HCMC-based market research firm Q&Me says just 41 percent of respondents chose…
Techcombank plans to issue VND10 trillion ($430 million) in bonds through two private placements before the end of this year. The bonds will have a maturity date of up to three years with a par value of VND1 billion ($43,000) or a multiple of VND100,000…
The agriculture ministry seeks to turn Vietnam into one of world’s top 15 organic farming countries by 2030, and has its sights on the EU market given trade deals. Under a draft proposal it will submit to the prime minister in the fourth quarter, the Ministry…
Telecom giant Viettel Global Investment JSC has made VND1.17 trillion ($50.5 million) in pre-tax profits after reporting a loss last year. Viettel Global, which covers overseas investments by military-run Viettel Group, had made a VND15.77 billion ($681,000)…
Duong Thi Mai Hoa, who used to be deputy chairwoman of startup Bamboo Airways, has moved to real estate firm Sunshine Group. A spokesperson for Sunshine Group told VnExpress she had joined as deputy chairwoman earlier this month. A Bamboo Airways spokesperson…
Bamboo Airways plans to have a fleet of 100 aircraft by 2024 with the majority of them being Boeing 787-9 or Airbus A321. The carrier said in a statement Thursday it would lease the first Boeing 787-9 in October since the 10 it has ordered would not be…
After a two-year hiatus, British luxury phone maker Vertu has announced resumption of sales at its Ho Chi Minh City store next month. Vertu Vietnam, a local unit of the phone maker, said genuine Vertu phones will once again be sold in Vietnam, first from an…
Vietnam got its latest in a long line of social networks Tuesday but doubts remain about the viability of homegrown players in a Facebook-dominated country. Lotus belongs to media company Vietnam Communications Corporation (VCCorp), which has invested VND700…
Financial solutions firm Alliex will invest over $700 million to build shared Point of Sales (POS) across Vietnam. Alliex plans to install a total of 600,000 shared POS devices in Vietnam over the next five years, its director Park Byounggun told Deputy Prime…
Telecom giant Viettel broadcast its first 5G network Saturday from its network of 5G base stations in Ho Chi Minh City. “The official broadcast of 5G in Ho Chi Minh City is an important milestone in Viettel’s strategy to make Vietnam one of the first…
Vietjet Air ranks 12th in the world among airlines in terms of ancillary services as a percentage of total revenues. The budget airline’s income from ancillary services such as on-flight food and souvenirs was $338.2 million in 2018, or 23.5 percent of total…
Consumption of imported cars has skyrocketed while that of locally-assembled ones is falling despite efforts last year to tighten imports. From January to August, sales of imported cars rose 178 percent year-on-year to 82,800 units, while that of…
South Korea’s Samsung SDS has bought a five- percent stake on the market in leading IT services provider CMC Corporation. Its combined 30 percent stake now, after buying a 25 percent stake comprising newly issued shares last month, is reportedly worth over…
Air asia has launched an exclusive route to Da Lat from Kuala Lumpur, further expanding its footprint in Vietnam. The four times weekly service to Da Lat, capital of Lam Dong province in the Central Highlands, will commence on Dec 20. Da Lat, known as the…
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