Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Beer maker Sabeco has reported after tax profits of $149 million in Jan-Sept 2018, down 6 percent year-on-year. The company’s total revenue in the first nine months of the year was VND25.5 trillion ($1.1 billion), 70 percent of its annual target. According to…
Commercial banks in Vietnam have posted impressive growth, with profits doubling or even tripling over last year’s first nine months. The Bank for Foreign Trade of Vietnam (Vietcombank) has announced profit before tax (PBT) of VND 11.68 trillion ($502.16…
The Vietnam-EU trade pact can diversify export markets and help reduce reliance on China and the U.S., experts say. On October 17, the European Commission submitted the EVFTA for signature and conclusion to the European Council. Once authorized by the…
Parliament members say the ongoing US-China trade war has had visible impacts, and Vietnam needs to reduce dependence on both nations. At the ongoing National Assembly session, several National Assembly deputies Saturday stressed the need for Vietnam to make…
Vietnam’s coffee exports grew 21.5 percent and rice exports 3.4 percent year-on-year in the first ten months, government data showed on Monday. Coffee Coffee exports from Vietnam will rise an estimated 21.5 percent between January and October from a year ago…
Vietnam’s shrimp export value plunged almost 15 percent year-on-year in September, hit by the rising dollar and other factors. The Vietnam Association of Seafood Exporters and Producers (VASEP) said shrimp export value dropped by 14.8 percent year-on-year in…
U.S. sports apparel company Brooks Running is considering shifting its manufacturing operations from China to Vietnam to avoid trade war tariffs. The firm’s CEO Jim Weber said Monday that the impact of President Donald Trump’s trade war with China is going to…
Philippines shares regained on Friday after reduction in previous section, while regional markets fell in line with broader Asia. The previous session saw sharp losses in the Philippines and other regional markets, as a tech-fuelled rout on Wall Street…
Ride-hailing firm Grab says giving in to traditional taxi companies’ demands is akin to bowing before “angry workers threatening to smash machinery.” Grab has written to Prime Minister Nguyen Xuan Phuc expressing concern over the latest draft of a decree…
VinFast on Thursday signed a memorandum of understanding with PetroVietnam Oil Corp. to build charging stations for its electric cars and scooters. The company, a unit of Vietnam’s largest conglomerate Vingroup JSC, is building a $3.5-billion scooter and…
Most Southeast Asian stock markets slumped on Thursday, following a tech rout on Wall Street that saw the year’s gains being wiped out. Disappointing forecasts from chipmakers beat down the tech sector, sending investors scurrying to the safety of sovereign…
Ha Long’s only casino continues to lose employees due to a number of reasons, including its persistent losses. Hoang Gia Joint Stock Corporation (RIC) in Ha Long, Vietnam’s resort city, which runs the Casino Gaming Club, said the number of employees has…
One of the largest beverage makers in the world is hoping to ‘capture’ Vietnamese taste with its new canned coffee product. Coca-Cola, one of the two biggest players in the Vietnamese carbonated beverages market, has entered the canned coffee market with…
Exchange rate fluctuations and high taxes are the main concerns of Vietnam’s most profitable businesses, a recent report has found. The survey of the 500 most profitable companies this year, which include 41 foreign invested ones, by consultancy and market…
Vietnamese companies are struggling to sell their products to ASEAN member countries despite the abolition of tariffs within the bloc. Analysts blame this on their lack of market information and poor understanding of consumer needs among other factors. With…
Long, 23, was frustrated that he was not able to get a pair of glasses that were comfortable, of good quality, long lasting and somewhat unique. These are qualities people generally want in personal wear, especially one that adorns their face for most of the…
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