Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
The Quang Ninh Tax Department says it has found the casino violating corporate tax and value-added tax regulations after inspecting returns filed in 2017 and its value-added-tax receipts until February 2018. The department has levied total fines of $15,000,…
Apart from the company contesting the department’s claims, the fact that it has sold its Southeast Asia business to its former competitor Grab adds to the difficult, department deputy director Tran Ngoc Tam said at a recent half-year review meeting. He said…
Standard Chartered Bank’s Global Focus report on the economy for the third quarter said manufacturing and construction will be the fastest growing sectors this year. FDI inflows will remain strong, with 50 percent coming into manufacturing, the report…
According to an FLC Group spokesperson, the first passengers will be offered various discounts on services offered by FLC Group such as golfing and accommodation at its resorts. Bamboo Airways will become Vietnam’s fifth airline. Dinh Viet Thang, general…
Boeing Co struck a new deal for 100 passenger jets with Vietnamese budget airline VietJet Aviation JSC VJC.HM on Wednesday, deepening a battle for market share against rival Airbus (AIR.PA) in one of southeast Asia’s hottest markets. Boeing and VietJet signed…
Under a proposal seeking shareholder approval at the firm’s annual meeting on July 21, Mr. Koh Poh Tiong has been reappointed as chairman. The 72-year-old, who is a director of Fraser & Neave and chairman of ThaiBev and F & N Beer Group, is also on the boards…
It’s another waste-full day in Minh Khai, Hung Yen Province. Blocks of plastic bags sprawl on the ground, fill up alleys, besiege houses; machines groan and toss shredded plastic pieces into the air; sewage carrying debris leaks onto the streets; and kids…
Vietnamese traditional-coffee chain Cong Ca Phe is opening its first overseas outlet by the end of this month. The Hanoi-based chain has appointed a master franchise in South Korea and according to the Cong Ca Phe South Korea Instagram account, the first…
Among the 10 most popular personal care brands in the country, Diana and Kotex hold a whopping 80 percent of the domestic market share. Unicharm, the Japanese company which owns the Diana brand, has been in Vietnam for 27 years. Diana brand products earned…
Vietnam’s e-commerce sector grew by more than 25 percent last year and can maintain this growth rate in the next two or three years, according to the Vietnam E-Commerce Association (VECOM). It says online sales is set to hit $10 billion by 2020, accounting…
As the trade war of duties and counter duties escalates, China has weakened its currency to boost exports making its goods even cheaper in Vietnam. Local economists have noted that while the yuan has lost 4.18 percent against the U.S. dollar over the last two…
Chinese national Zhang YiXing, 36, will take over from Alexandre Joel David Sylvain Dardy, who was the CEO since 2014. The change in leadership was announced by Lazada Vietnam’s legal representative, the Recess Company. In 2016, Chinese e-commerce giant…
The Vietnam Institute for Economic and Policy Research (VEPR) has cautioned that the ongoing trade war between the U.S and China is changing the dynamics of trading in the world, and would eventurally hit Vietnam more than in its exports sector. Pham Sy…
The trend of investing in Southeast Asia start-ups gained momentum in 2016-17, including in Vietnam, though the country has yet to get its “unicorn,” or a privately held start-up with a valuation of $1 billion or more. “I think one of the reasons start-ups in…
Top legislator Nguyen Thi Kim Ngan on Thursday approved the delay after listening to experts’ concerns that the tax will affect Vietnam’s goal to contain inflation below four percent this year. “Although increasing the environmental tax on fuel will bring…
More than 126,000 autos were sold in Vietnam in the first half of the year, 106,600 of them locally assembled and over 19,000 imported ones. The Vietnam Automobile Manufacturers’ Association (VAMA) says that sales of locally assembled cars increased 10…
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