Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
As soon as the final whistle blew in Vietnam’s victorious Asian Games quarterfinal game, Indonesia tour prices rose. Vietnam’s first ever semifinal game in the Asian Games will be played against defending champions South Korea on Wednesday, August 29, at the…
Vietnamese men drink over five standard drinks a day on average, according to the 2016 Global Burden of Disease Study. A standard drink contains 10 grams of alcohol. Balkan countries and Portugal are the others that have the same level of consumption,…
More than half of five-star hotels in HCMC and Hanoi are owned by foreign investors. Ten out of 19 five-star hotels in the best locations in HCMC have foreign owners, according to data. They include Sheraton, Caravelle, InterContinental, Asiana Saigon, and…
Vietnamese telecommunication company Viettel has set its sights on the Philippines as the next destination in its overseas expansion drive. The company said on Thursday, as the archipelago’s economy clears the way for the entry of a third operator. Fixing the…
Thai retail conglomerate Central Group is planning to triple its Vietnamese businesses in the next five years. With the planned investment of US$500 million, the retailer is expanding its stores and shopping malls in the country to as many as 750, along with…
Japanese apparel giant Fast Retailing is eyeing massive expansion in Asia-Pacific. The Uniqlo Southeast Asia and Oceania store network is set to double by 2022 to about 400 stores, Fast Retailing’s group senior VP Satoshi Hatase said in an interview. The…
Vietnam operations continue to be at the bleeding edge of Parkson Retail Asia’s ongoing losses. The company’s full-year results show declining same-store sales in its department stores in all four markets, with Vietnam the worst performing market. Sales fell…
Vietnam’s Finance Ministry has accused the sole importer of BMW cars of several violations, but won’t press criminal charges. The trader, Euro Auto, which was Vietnam’s sole official of BMW cars until this year, created fake invoices and packing lists for 133…
Major U.S. and Singaporean real estate firms have been coming to Vietnam, eyeing its thriving property market, especially the high-end segment. Singaporean real estate firm Propnex opened an office in HCMC last month with its eyes firmly fixed on the high-end…
MobiFone has named deputy general director Nguyen Dang Nguyen as its new CEO in place of the disgraced Cao Duy Hai. Hai, 57, was removed last Tuesday for his role in the illegal acquisition of a TV firm in 2016 by the Ministry of Information and…
Eleven international franchisors will gather at the Sheraton Saigon Hotel next week, all looking for prospective country or master franchisees in Vietnam. Participating franchises are in food and beverage, education, services, and come from the US, Taiwan,…
Three major taxi firms in Hanoi have recently joined forces to have their 3,000 vehicles operating under a single brand starting in October. Thanh Cong, Ba Sao and Sao Ha Noi are set to become G7 Taxi in a bid to take on ride-hailing behemoth Grab. In April…
Forcing ride-hailing cars to work like traditional taxis is a serious mistake revealing a non-innovative mindset, a leading economist says. Nguyen Dinh Cung, director of the Central Institute of Economic Management (CIEM), criticized state agencies for a…
Audio equipment brand Bose Vietnam has opened its first international-standard experience store, at Ho Chi Minh City’s Saigon Centre. Operated in partnership with Vietnamese mobile device retailer Mai Nguyen, the store offer ranges from audio devices such as…
Ride-hailing firm Uber has withdrawn its lawsuit over HCMC’s demand for $2.3 million in back taxes and fines. A tax department official said Friday that the HCMC People’s Court has suspended the case in which the Netherlands-based Uber B.V. had sued the…
Vietnam was the world’s fifth largest instant noodles consumer in 2017, consuming 5.06 billion packs. This marked a 2.8 percent increase from 4.92 billion in 2016, according to the World Instant Noodles Association (WINA). Vietnam had held the fourth spot…
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