Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietnam might have to import power from China and Laos after 2020, says a senior official. “There is a real risk of power shortages in 2021-2023, and the risk will get higher if consumption surpasses forecasts in the coming years,” Hoang Quoc Vuong, Deputy…
An ownership cap is preventing foreigners from buying high-end apartments in Saigon, especially its eastern part. Thien’s apartment was in a prime area with a view of the Saigon River in Ho Chi Minh City’s Thao Dien Ward, District 2. He could have sold it for…
Toyota Vietnam has announced the recall of more than 11,300 cars of three models with faulty airbags. The inflator canister of over 5,600 Corolla Altis cars manufactured in 2013 can be penetrated by humidity, the Japanese company said in a statement. Thus, it…
Vietnam’s GDP could drop slightly as a result of the ongoing US-China trade war, a new report says. The report, released Wednesday by the National Center for Socio-Economic Information and Forecast (NCIF), predicts a drop of 0.03 percent this year, 0.09…
The Vietnam Steel Association wants the ban on metal scrap waived so that its members can continue importing it as feedstock. Making steel from steel and iron scrap is an environment-friendly process, which produces only a fifth of the emissions as using iron…
Mitsubishi Motors Vietnam managed to boost its sales via crossovers while eyeing the expansion of manufacturing and assembly in the country. The firm (MMV) yesterday debuted the all-new Xpander, a next-generation crossover MPV, in Vietnam. Manual and…
Vietnam’s renewable energy sector is experiencing an unprecedented surge in project activities and policy changes, making end results unpredictable. The surge in activity includes project approvals as well as project transfers to technically experienced and…
It left with no explanation, and there is no explanation about an unexpected return by MGM Resorts International to Vietnam. MGM had withdrawn from a $4.2 billion project in March 2013 without saying why, but seems to have encountered no difficulty in…
The retail industry is competitive, it’s relentless and the success of brands and retailers depends on how firmly they deal with their competition. One way to stay ahead of the curve is the incorporation of technology in a brand’s operating model. Technology…
Vietnamese jeweller Saigon Jewelry Company (SJC) is set to be privatised next year. The company, which has some 200 retail stores across the country, is one of a group of government-owned enterprises set for spin-off, however specific details have yet to be…
Failure to stop cheap, smuggled sugar from flooding domestic markets has sent local inventories soaring, local reports say. The trade department of the Mekong Delta province of Hau Giang, which has more than 100 hectares (247 acres) of sugarcane farms, has…
Widespread adoption of 3G and 4G networks in Vietnam presents a lucrative growth opportunity for mobile advertising and commerce. Vietnam had more than 123.9 million mobile subscribers active on 2G, 3G and 4G networks as of June this year, according to the…
Swedish fast-fashion brand H&M Vietnam has opened it second store in Hanoi – its fourth in the country. The 2000sqm store is located in Vincom Mega Mall Times City, offering the latest summer items, and will host the upcoming H&M x GP & J Baker collection.…
The government is expected to reduce its stake in PV Oil, a major trader of crude oil and petroleum products, to 35.1 percent in 2019 from the current 80.52 percent. CEO Cao Hoai Duong told shareholders at the annual general meeting on July 30 that the firm…
Vietnam’s National Assembly has approved a $300 million budget for four railway upgrade projects on its transnational route. The four projects are to be implemented along the Hanoi-Ho Chi Minh City route. The funds will be sourced from the contingency budget…
Vietnam’s trade surplus in the first seven months was $3.1 billion as exports rose 15.3 percent year-on-year to $133.7 billion. Domestic companies accounted for $39 billion of the exports, up 18.7 percent, while foreign firms registered $94.7 billion, up 14…
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