Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietnam retail sales and services rose 11.1 per cent in the first seven months, according to the General Statistics Office (GSO). The revenue reached VND2.49 quadrillion (US$108.3 billion) thanks to a strong increase in purchasing power during prolonged hot…
A Vietnamese startup has won the top prize at a regional contest with a win-win business model for vendors and customers. EzQ won the Best Startup award at the IDEAS Show APEC 2018 held in Taiwan last week. Demonstrating a good understanding of user’s needs…
Ford has recalled all 2015 Thai-made Ranger pick-up trucks sold in Vietnam because of a gearshift problem. The US company, which has sold more than 2,500 of these vehicles, said faulty gearshift cables could make the gear shift hard, leading to the driver…
Fashion label Ralph Lauren sales reached US$1.4 billion for the first quarter of this fiscal year, driven by sales in Asia and Europe. Ralph Lauren sales in Asia increased 19 per cent to US$248 million on a reported basis and by 16 per cent in constant…
The Vietnamese branch of Bangkok Bank has sought permission to lend more as it nears the 15 percent annual growth limit. Tharabodee Serng-Adichaiwit, senior vice-president and general manager of the Vietnamese branch, said the bank has adjusted its lending…
Lotte Duty Free exits its contentious Incheon International Airport Terminal 1 cosmetics, fashion and leathergoods contracts, to be replaced by Shinsegae Duty Free. As reported, South Korea’s duty free giant served notice on 13 February of its intention to…
The beauty care industry is doing better than expected in Vietnam, but foreign brands are the ones sitting pretty. Nguyen Van Minh, chairman of the Vietnam Essential Oils Aromas and Cosmetics Association (VOCA), said companies in the beauty and personal care…
Hanoi has submitted a proposal to the Ministries of Construction and Planning and Investment for building a new IT park possibly in Dong Anh District. It will be built by Vingroup on Vo Nguyen Giap Street on the way to Noi Bai Airport. It is estimated to cost…
Prime Minister Nguyen Xuan Phuc has called for a drastic reduction in administrative procedures and easier access to agricultural loans. He said at a recent conference in the Central Highlands city of Da Lat that relevant departments and ministries should…
National sales of FMCG on traditional and modern trade channels in urban areas reached $14 billion in Q2, growing 0.7 percent, Nielsen reported. The fast-moving consumer goods growth year-on-year was driven by sales increases seen across six out of seven…
Con Cung, Vietnam’s largest baby products chain, has been using false labels to mislead its customers, authorities say. The chain was unable to furnish invoices and other legal documents for the products, which it claimed were imported, Nguyen Trong Tin, the…
Forbes Vietnam has released its third annual list of the 40 most valuable brands in Vietnam, putting their total value at $8.1 billion. The value is 50 percent up from last year. Dairy giant Vinamilk and military-run telecom firm Viettel remain the top two as…
Thanh’s apartments in Ho Chi Minh City have been behaving like hotels for more than a year now. Individuals and groups of tourists stay at his serviced apartments for a few days before they leave for another destination in the country, and the apartment is…
Choi Hak Soo, president of South Korea’s Golden Horse, said during a meeting with leaders of Bac Ninh last week that his company plans to set up a subsidiary in the northern province to build a racecourse. He expected the $500 million investment plan to be…
Global research organisation IGD has reported that Asia’s large format retailers are set to grow 3.3 per cent a year to 2022, with Vietnam, India and the Philippines forecast to see double-digit growth from large format players over the next five years. Most…
Recently the city people’s committee approved the installation of around 1,000 vending machines in public locations under its own supervision. They are expected to provide a wide variety of beverages, snacks and fresh fruits besides customer assistance,…
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