Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
In response to the devastating events that hit Indonesia recently, Vietjet kicked into action to provide aid relief for the earthquake and tsunami affected victims. A special flight VJ2611 themed “Love connection” landed in Jakarta (Indonesia) yesterday…
Crown Equipment Corporation, one of the world’s largest material handling companies, is celebrating 40 years as a leading provider in the Asian market. With the region rapidly rising to become a manufacturing and logistics powerhouse, Crown is helping its…
FastGo CEO Nguyen Huu Tuat told on Friday that the app will have its own payment system and will “personalize” promotion deals that will match customers’ interests. “Our goal is to reach 30 percent of the market share after six months in these two countries,”…
Hanoi plans to upgrade the Hang Day stadium into an international sports complex for the SEA Games 2021. Capital city authorities have outlined this plan in a recent report to Prime Minister Nguyen Xuan Phuc, saying the upgrade is required because the…
The survey, conducted by Ho Chi Minh City-based market research firm DecisionLab, found that in the preceding three months, 58 percent of the male respondents said they had purchased beauty products online, compared to 49 percent of women. The survey polled…
Hotel and serviced apartment tariffs outside the city center are leveling off and on the brink of declining as a result of competition from apartments leased on Airbnb and others. CBRE’s senior director, Duong Thuy Dung, said since 2016 a total of nearly…
They are also saying that an emphasis on education and raising awareness will have greater impact in dealing with the problem of liquor abuse. A draft bill on the prevention of dangers of alcohol being compiled by the Ministry of Health proposes a number of…
Speaking at a conference held in Hanoi on Wednesday, Lee Dogoo, head of business at South Korean firm SBS Contents Hub, said while infringements occur in all countries, they are rife in Vietnam because of high licensing fees. As these fees continue to go up,…
Deputy Minister of Industry and Trade Do Thang Hai said Friday that national utility Vietnam Electricity (EVN) might need to cover an incurred cost of VND20.73 trillion ($892.18 million) between 2018 and 2019. This include incurred costs of VND5.48 trillion…
Vietjet signed a financing agreement with Mitsubishi UFJ Lease & Finance Company Ltd and France-based BNP Paribas Bank to finance the carrier’s acquisition of up to five new aircraft worth $614 million at list price, it said in a statement. Vietjet also…
A newly-released central bank survey on business trends among Vietnamese banks found 72.6 percent saying their business situation had improved from the second quarter, with 15.8 percent reporting significant improvement. The survey, which was conducted in…
Vietnam’s cyber security firm BKAV unveiled the third generation of its Bphone on Wednesday without a home button, pricing it from $300. It requires users to navigate to the home screen and apps by using hand gestures just like in Apple’s iPhone X. It comes…
Malaysia’s Parkson is apparently shutting down its fifth mall in Vietnam after suffering serious losses in recent years. Although the company has not made any official announcement, its name-board has been taken down from the Cantavil An Phu builing in Ho Chi…
The carrier, owned by Vietnamese private firm FLC Group, is yet to receive its license. The delay in getting its license meant that the airline also missed out on its plans to start selling tickets from September 2. A Ministry of Transport official, who…
VinFast aims to become Vietnam’s first domestic car manufacturer. The company, a unit of Vietnam’s largest conglomerate Vingroup JSC, plans to have its first production models built under its own badge hit the streets next August. Vingroup has earmarked about…
VinCommerce, owner of the largest Vietnamese retail outlet chain, has bought out competitor supermarket chain Fivimart. The deal, whose value has not been revealed, delivers 23 Fivimart outlets to VinMart. VinCommerce, a member of the Vingroup business…
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