Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vingroup has opened its 55th shopping centre, The Vincom Center Landmark 81 mall, in Ho Chi Minh City’s Binh Thanh district. The 50,000sqm shopping centre occupies six of the skyscraper’s 81 storeys, housing 100 domestic and international brands in cosmetics,…
“Underperforming” subsidiaries and rising rent and labour costs are disturbing the chairman of Hong Kong-listed multinational retailer Dairy Farm International – but those factors failed to prevent a solid second-half year performance. Dairy Farm’s total…
In the first six months this year, the top five popular brands in the country sold almost 1.6 million motorbikes, the Vietnam Association of Motorcycle Manufacturers (VAMM) reports. This is a growth of 4 percent over the same period last year, said VAMM,…
Vietnamese conglomerate Vingroup’s electronics retailing arm VinPro is set to acquire mobile retail chain Vien Thong A next month. A source said that staff have been informed about the deal, and a merger process has commenced. However, Vien Thong A’s vice GM…
Vingroup has invested VND2.4 trillion ($103.2 million) for an 80 percent stake in payment intermediary services firm VINID Joint Stock Company, according to a statement on the National Business Registration Portal. VINID, incorporated this week, has a charter…
“Authorities need to work in co-ordination to stop scrap from entering Vietnam and affecting the environment and people’s lives,” he said at a meeting of the government’s standing committee on importing scrap Wednesday. They need to investigate the scrap…
The National Salary Board met for the second time this month to discuss whether or not to raise the minimum wage of Vietnamese workers next year. The previous meeting had failed to reach an agreement. On Thursday, the Vietnam General Confederation of Labor…
The State Bank of Vietnam sold the greenback at VND23,284 on Wednesday, down from VND23,050 last Friday. It fixed a central rate of VND22,654 on Wednesday compared to VND22,634 on Monday, and banks too sold dollars at higher rates, Vietcombank at VND23,250…
The EU and Canada are taking safeguard measures to protect their steel companies from exports from Vietnam. The EU claimed it is taking the protective measures due to a surge in imports from many countries in recent years. Imports of steel products had been…
A new report by the annual Vietnam M&A Forum shows that 17.72 percent of the total value of M&As in H1 2018 involved Vietnamese buyers. The corresponding figure last year was 8.2 per cent. Such a rise shows Vietnamese investors are and would be “more active”…
The Association of Vietnam Retailers says that there has been an exponential increase in the number of people ordering food online in Hanoi and HCMC in the last few years, and it is foreign firms that are cashing in on delivering it. The food delivery market…
UK-based baby-goods retailer Mothercare Vietnam is opening its second store, inside the newly-opened Vincom Landmark 81 in Ho Chi Minh City. Opened three months after the first store at Crescent Mall, the new 286sqm shop offers a full range of products for…
Investors’ risk appetite soured on fears of more trade protectionist measures from the United States as U.S. President Donald Trump said on Friday he was ready to impose tariffs on all $500 billion of imported goods from China, threatening to escalate a clash…
Japanese beauty product mail order service Beauty Garage has opened e-commerce sites and showrooms in Singapore and Malaysia. Beauty Garage Online Shop Singapore, the company’s first overseas base, opened mid July as an e-commerce platform and a showroom…
The increase was recently announced by the executive search company Jobstreet.com. Le Thi Huyen Anh, key account sales manager at Jobstreet.com, attributed this to the appealing working environment, remuneration and bonus and other rewards at foreign firms.…
Sabeco targets profits of VND4 trillion ($173 million) this year on revenues of VND36.09 trillion ($1.58 billion), a 2.4 percent rise over last year. Newly appointed chairman Koh Poh Tiong explained to shareholders that spending on brand promotion would be…
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