Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Le Hoang Diep Thao says they plan to open a thousand such establishments nationwide. The 1,200 square meter cafe in Gia Lai Province is divided into two areas, one for appreciating the art of coffee and another to enjoy the beverage. King Coffee is a brand…
Lotte Mart Vietnam will promote products from South Korean SMEs in its Go Vap outlet in Ho Chi Minh City. The retailer will add a special sales zone called Be Goods by Busan, to sell 70 products from 13 companies based in Busan. Lotte has selected products…
The first salvo in the latest trade war between the U.S. and China was fired by the former last Friday, when it slapped a 25 percent duty on about $34 billion worth of Chinese goods. China retaliated “immediately” with a similar action, the country’s foreign…
A prominent case in instance is that of Tiki.vn, a popular e-commerce platform in the country. Tiki Jsc. (Tiki) started off as an online book store in 2010 before venturing into e-commerce. Just six years later, the firm was valued at $45 million, following…
Privately owned FLC Group last month agreed a $5.6 billion deal to buy 20 Boeing Co planes at current list prices and in March signed a memorandum of understanding with Airbus for up to 24 planes. The government said on Tuesday that Bamboo Airways will invest…
Vietnam will consider importing beef from Brazil again if food safety conditions are ensured, Deputy Prime Minister Vuong Dinh Hue has said. At the recent Vietnam-Brazil Trade and Investment Forum attended by around 100 enterprises in Sao Paulo, Brazil, he…
Office rentals in downtown Ho Chi Minh City have been rising steadily over the last three months, a new report says. Grade A office rent has seen a 7 percent increase in the second quarter over the first quarter and 17 percent increase over the same period…
Business has been sweet for the four major companies that dominate Vietnam’s soft drinks market, but they pay a relative pittance in taxes. The big 4 in Vietnam’s sweetened beverage market are: Coca-cola Vietnam, an arm of American Coca-cola, Suntory Pepsico,…
The Nghi Son Refinery, which is now in its trial phase, is burdened by unsold inventories, Chairman of Thanh Hoa Provincial People’s Committee Nguyen Dinh Xung said at a recent government meeting. The unsold inventories signal challenges in product sale when…
In the first half of 2018, at least 13 major funds and investors on Vietnam’s stock market suffered negative growth rate in their net asset value (NAV), which is value per share of a fund on a specific date or time. Leading this was Hanoi-based Hestia Joint…
Several economic factors including high commodity and fuel prices will make it difficult for Vietnam to keep its inflation within targeted limits this year, economists say. The country’s consumer price index (CPI) in June increased 0.61 percent from May, the…
Prime Minister Nguyen Xuan Phuc will persist with a controversial plan to increase environmental tax on fuel to the highest level permitted, a source said. A Finance Ministry official who did not want to be named said the plan will be discussed at the meeting…
Affluent Vietnamese have become big spenders on interior goods and Italian furniture is particularly favoured, industry insiders say. Research and consulting firm Concetti says Vietnamese consumers spent $15.6 million on luxury furniture from Italy in 2017.…
An FPT Software request to pilot its self-driving cars in Vietnam’s hi-tech zones and software parks has received a positive response from the Transport Ministry. The ministry said it supports FPT’s plan because it was in line with global trends and confirmed…
For price conscious Vietnamese consumers, an organic product more expensive than its normal version is not an attractive option, but one firm has decided to be persistent. The Phong Phu Textile and Garment Company introduced its made-in-Vietnam eco-friendly…
Vietnam’s stock market fell 4.11 percent on Tuesday afternoon, hitting its lowest point this year, following a dramatic plunge in the second quarter. The country’s benchmark stock index, VN-Index, fell 39 points to 908.26 by 2:25 p.m. Tuesday, while the…
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