Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
South Korean retail group E-Mart is to build its first hypermarket in Hanoi’s StarLake urban area. According to StarLake, E-Mart and THT Development have signed an agreement to transfer two commercial land lots within StarLake Project, for an area of 1.86…
With the supply of traditional office space struggling to meet demand in HCMC, coworking spaces are becoming increasingly popular. Survey showed that a seat in a coworking space in Districts 1 and 3 costs $150-300 per month. On Nguyen Dinh Chieu Street in…
Bach Khoa solar energy has tied up with BIC Insurance to offer a five-year warranty for its products. It has also signed a deal with lender BIDV for providing loans to customers to buy its BigK solar energy solutions. SolarBK will subsidize the first year…
Japanese retail company AEON has closed its cooperation with Vietnamese shopping market chain Fivimart, a source said. A senior AEON official, who asked not to be named, said that the company has sold its entire stake in Fivimart to a Vietnamese firm after…
The recent increase in U.S. interest rate will generate pressure on the Vietnamese dong and make inflation target hard to meet, experts warn. The U.S. Federal Reserve lifted interest rates for the third time this year by a quarter of a percentage point to a…
Former Manchester United football star David Beckham introduced the first made-in-Vietnam cars in Paris on Tuesday. VinFast, a unit of Vietnam’s largest conglomerate Vingroup, invited Beckham to attend the opening of its new cars at the Paris Motor Show in…
The Vietnam Chamber of Commerce and Industry has high hopes that Industry 4.0 will open more doors and opportunities for Vietnamese companies. On September 29, the chamber (VCCI) partnered with Vietnam Solomon Technology Company Ltd., to hold a conference in…
Vietnamese provinces are proposing new airports without realizing that the country is already overloaded with these facilities, experts say. Authorities in the southern Ba Ria-Vung Tau province have been working with private firm Ho Tram Ltd. on constructing…
Vietnam’s GDP grew by 6.98 percent between January and September, the highest nine-month growth rate since 2011. Data released by the General Statistics Office (GSO) Friday showed growth in the third quarter was 6.88 percent year-on-year. In the year-to-date…
Most Vietnamese want the tax on tobacco raised as a means to reduce smoking, a survey has found. The survey, by Canadian NGO HealthBridge, released at a conference Tuesday showed that 90 percent of Vietnamese think raising the price of a 20-pack of cigarettes…
Vietnam’s plans for building and expanding airports and seaports have attracted the interest of companies in the U.S. and Japan. Joel Szabat, deputy assistant secretary in the U.S. Department of Transportation’s Office of Aviation and International Affairs,…
Vietnam’s economy is likely to expand by 6.9 percent instead of the 7.1 percent predicted in April. In its Asian Development Outlook (ADO) 2018 report issued Wednesday, the Asian Development Bank (ADB) also estimates Vietnam’s GDP for 2019 at 6.8 percent.…
Developing Asia could grow more slowly than previously thought next year as the US-China trade war inflicts damage on the region’s export-reliant economies, the Asian Development Bank (ADB) said. Tightening global liquidity could also weigh on business…
Vietnamese ride-hailing services are struggling to compete with foreign firms Grab and Go-Viet due to a lack of resources. FastGo last month claimed to have 15,000 taxi and motorbike partner drivers in Hanoi and Ho Chi Minh City, but they are not a common…
Mobile World says sales grew by 39 percent in the first eight months of the year to VND58.7 trillion ($2.5 billion). Profit after tax was up 36 per cent to VND1.97 trillion ($84.34 million) year-on-year. HCMC-based Mobile World Investment Corporation (MWG),…
Three top Vietnamese banks have been struggling to increase their capital to meet international adequacy norms. The second Basel Accords, or Basel II, prescribe capital of 8 percent of risk-weighted assets for all financial institutions, including in Vietnam,…
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