Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietnam has seen the highest growth in mobile payments in the past year, according to the Global Consumer Insights Survey 2019 conducted by PwC. The survey, which covered more than 21,000 respondents from 27 territories, showed that the percentage of…
Malaysian budget carrier AirAsia says it will keep trying to crack the Vietnamese market even as analysts warn it has “missed the boat” after its latest failed attempt to set up a joint venture in the country. The airline announced on Wednesday that it has…
It’s wholly-owned unit, AirAsia Investment Ltd, together with Gumin Company Ltd and Hai Au Aviation Joint Stock Company, have mutually agreed to terminate the agreement to set up a joint venture in Vietnam, effective today. “The company, nonetheless, remains…
Vietnamese operators MobiFone, VNPT and Viettel have all submitted proposals to participate in pilot mobile money services. Vietnam’s prime minister Nguyen Xuan Phuc has directed the telecommunications ministry and the State Bank of Vietnam to develop a…
Giordano sales in Greater China plunged by 17.7 per cent during the first quarter, dragging group-wide sales down by 10.8 per cent, or 8.5 per cent on a constant currency basis. In a stock exchange filing on the eve of the holiday weekend the casual apparel…
Elimination of many tariff lines for goods under the CPTPP has helped Vietnam’s exports to Japan increase sharply in the first quarter of this year, according to the General Department of Customs. Vietnam’s export value to Japan in the first quarter surged…
The national carrier Vietnam Airlines (UPCoM: HVN) has gained approval of the Hồ Chí Minh Stock Exchange (HoSE) to list its 1.4 billion shares on the southern bourse. The company will move to HoSE from the Unlisted Public Company Market (UPCoM) and the stock…
Techcombank has targeted a pre-tax profit of more than VNĐ11.7 trillion (US$504.3 million) in 2019, representing a 10 per cent year-on-year increase. The target was approved at its annual shareholders’ meeting held in Hà Nội last week. It also planned to…
Vietnam needed to promote the development of it’s poultry industry due to rising demand for eggs and meat in the domestic and global markets. Experts made the comments at a meeting organised by the Ministry of Agriculture and Rural Development (MARD) in Hà…
HÀ NỘI The State Bank of Vietnam (SBV) has assigned a credit growth limit to each commercial bank in 2019, with priority given to those who met Basel II’s capital safety and risk management standards ahead of schedule. According to the current regulation, the…
The Vietnamese government has launched the first IoT Innovation Hub in the nation, in collaboration with Ericsson. The new center aims to provide a platform for IoT research and development, as well as commercial startups and IoT-related education. It will…
New-age airline Vietjet is giving people more reason to travel with the announcement and addition of its newest international route connecting the biggest city of Vietnam, Ho Chi Minh City with Bali (Indonesia). The first and only airline to operate this…
Vietnamese banks are struggling to recover overdue car loans since many customers mortgage vehicles bought using bank loans. Dao Minh Tuan, manager of the debt recovery department at private lender Vietnam International Bank (VIB), said 50 percent of…
Vietnamese ride-hailing firm FastGo plans to launch the country’s first helicopter ride-sharing service in Hanoi this month, focusing on tourism in northern provinces. CEO Nguyen Huu Tuat told that FastSky’s first flight will take off on April 25. With 12…
Vietnamese shares slid yesterday as large-cap companies faced strong selling amidst a lack of supportive information while investors awaited discussions on the amended securities law. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange fell 0.91 per cent…
Emirates offers summer promotion fares for customers from Vietnam who book tickets from now until April 22 and travel from April 15 until November 30, 2019. Economy Class fares start from VNĐ17,189,000 (US$747) to Dubai, VNĐ19,999,000 ($870) to Paris,…
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