Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Despite being a new entrant, GrabFood has experienced rapid growth in the online food delivery market. GrabFood recently announced that it has grown 25 times since June 2018, in terms of orders received. A survey by Kantar TNS in January 2019 found that…
Nestlé South-East Asia posted solid growth last year underpinned by double-digit growth in Vietnam. The growth was based on strong momentum gained by five of its biggest brands, MILO, NESCAFÉ, MAGGI, NAN and Nestlé itself. This year, the Swiss giant plans to…
The maximum fare on Hanoi’s first metro line will be VND15,000 (65 cents), city authorities said in a draft proposal. The minimum will be VND8,000 (34 cents). Passengers can also buy monthly season tickets for VND200,000 ($8.61) or daily tickets for VND30,000…
Budget airline Vietjet Air will offer 2.4 million tickets starting from 0 VND on March 6-8 to celebrate the International Women’s Day (March 8). Promotional tickets will be on sale from 12:00 to 14:00 for flights across Vietnam, Thailand and some other…
Some countries and terriories are banning pork imports from Vietnam following the recent outbreaks of African swine fever in the country. Violators of the ban face fines and even imprisonment. Taiwan has announced that Vietnamese people coming in with pork…
Vietnamese brewery Sabeco has contributed 46 percent of the revenues of Thai parent ThaiBev in the first quarter of 2018-19. For the quarter ended December 31, 2018, it reported sales of VND13 trillion ($560.58 million) as ThaiBev announced net profits of…
ELSA has raised $7 million in a Series-A round from Google’s AI Fund Gradient Ventures and other U.S. investors. The investment round for ELSA, a mobile app that uses artificial intelligence and speech recognition technology to help language learners improve…
Lotte Mart Vietnam has opened its third Hanoi store in Cau Giay District. The South Korean retailer’s new 2776sqm branch is located in the urban district, near seven local universities. Targeting local students, the branch will offer trendy but inexpensive…
Three major aviation deals were signed Wednesday in the presence of Vietnamese and U.S. presidents Nguyen Phu Trong and Donald Trump. Budget airline Vietjet signed with U.S. airplane manufacturer Boeing Company a deal to buy 100 new narrow-body 737 MAX…
Vietnam received $2.58 billion in foreign direct investment (FDI) in January-February, up 9.8 percent from the same period a year earlier. FDI pledges, which indicate the size of future FDI disbursements, were more than 2.5 times higher than the same period…
At over VND3 trillion ($129.21 million), foreign buying in the local bourses from February 1-25 is three times the January figure. Foreign investment since the beginning of the year has been worth over VND4.3 trillion ($185.16 million). They have been…
Several enterprising businesses have cashed in on the Trump-Kim summit with signature products – craft beer, cocktails, haircuts and T-shirts. A standing bar on Tran Vu Street has already gained a lot of attention with a craft beer named Kim Jong Ale, a…
Most Vietnamese banks fall short of international capital adequacy norms and have to focus on attracting foreign capital this year, Moody’s has said. The credit rating agency said in a release Monday that “the underdevelopment of the domestic capital markets”…
Vietnam’s newest carrier, Bamboo Airways, which began flying last month, is set to sign a deal with Boeing to buy 10 aircraft. The signing will take place on the sidelines of the second summit between U.S. President Donald Trump and North Korean leader Kim…
AirAsia will start flying from Kuala Lumpur and Bangkok to Can Tho in Vietnam’s Mekong Delta in the next few months. The budget carrier has announced it will begin the Kuala Lumpur – Can Tho service on April 8 with four flights a week and the Bangkok – Can…
Amazon will train 100 Vietnamese businesses to develop their business on its platform. According to the Department of Trade Promotion, Amazon Global Selling will identify 100 small and medium-sized enterprises (SMEs) for its “Supporting Vietnamese enterprises…
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