Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietnam enjoys a trade surplus in the auto parts industry, but domestic firms play no role in this success. The reason for this strange situation is that the market is dominated by export-oriented foreign invested enterprises, while domestic firms are…
Thai Beverage on Wednesday announced plans to double down on the Vietnam beer market after posting disappointing third-quarter results. It said it will focus on optimal use of its 54 percent stake in Vietnam’s largest brewery Saigon Beer Alcohol Beverage Corp…
High-end properties in HCMC, where prices are much lower than in major cities in neighboring countries, are attracting plenty of foreign interest. A high-end apartment in the city costs around $5,000 per square meter, but the same one in Hong Kong could cost…
Rice export prices in India fell this week as the rupee weakened, weighing on demand for the Vietnamese variety. Rates for India’s 5 percent broken parboiled rice fell by $3 per tonne to $389-$393 per tonne this week. “Rupee depreciation is allowing us to…
Vietnam’s growing potential has helped nation’s leading C2C platform attract more venture capital funds. In the Series B funding round, the SBI Group and Daiwa PI Partners from Japan, Softbank Ventures Korea and the U.S.-based SKS Ventures were the new…
A Vietnamese agriculture company, Hoang Anh Gia Lai Agriculture Jsc, is set to invest in another 5,000 hectares of land in Cambodia to grow bananas for export to China. It will invest VND976 billion ($42 million) in the project, the company said in a recent…
Local coffee shop chains are outmaneuvering international brands like Starbucks by catering to customers’ demands. Young customers are now choosing smaller brands like The Coffee House, Cong Ca Phe and Phuc Long as their to-go spot for affordable brews. Local…
Xiaomi and Huawei were the two fastest growing mobile phone brands in Vietnam in the second quarter, technology industry analyst Counterpoint reports. They grew respectively by 363 percent and 193 percent, according to the HongKong-based company’s recent…
Vietnamese plastic firms are unable to import scrap following a ban by the government, and said costs are becoming unaffordable as a result. “We’ll lose $10 million this year if we cannot import plastic scrap for manufacturing,” Tran Vu Le, director of Le…
Vietnam’s National Wage Council has proposed a minimum wage increase of nearly $7-9 per month across all four levels in 2019. Overall, the average increase across the four levels will be 5.3 percent. All members of the National Wage Council (NWC) on Monday…
Go-Viet’s attractive perks for drivers are motivating many to shift from Grab, and the market leader is responding. He’s one of the first drivers to sign up with ride-sharing service Go-Viet, but Thanh Hung is still wearing the well-recognized green GrabBike…
Vietnam will be the most vulnerable country in Southeast Asia should the U.S.-China trade war persist, according to recent research. This is because Vietnam is the most export-dependent of the ASEAN big five, which also includes Indonesia, Malaysia, the…
Hong Kong’s Suncity Group Holdings has twice delayed a deal in the last two months to acquire 34 percent of a casino-resort in Quang Nam Province. In a statement to the Hong Kong Stock Exchange, the Macau casino operator and investor said it is waiting for…
VinFast Trading and Production LLC has signed two contracts with Siemens Vietnam, a unit of Siemens AG. The contracts involve the supply of technology and components to manufacture electric buses in the Southeast Asian country. VinFast, a unit of Vietnam’s…
The most promising sectors for mergers and acquisitions in Vietnam are consumer goods and real estate, says a global advisory firm. Food and beverage (F&B) tops the list followed by pharmaceuticals and real estate in joint second position and fast moving…
Sabeco and Habeco, Vietnam’s two largest brewers, reported dismal results in H1 despite some highly favorable factors. Generally, for fast-moving consumer goods, the first half of the year is usually good because demand skyrockets during Tet, the Lunar Year…
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