Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Truong Dinh Hoe, general secretary of the Vietnam Association of Seafood Exporters and Producers (VASEP), noted that the seafood volume sent to the European Union (EU) will drop as both exporters and importers will suffer from more time-consuming customs…
Vietnam’s Mobile World saw a 43 per cent jump in revenue in the first five months of this year. The mobile device and consumer electronics retailer posted net sales of VND37 trillion (US$1.61 billion) and an after-tax profit of $55.8 million, 44 per cent up…
Boeing Co (BA.N) said on Monday entered into an agreement to sell 20 of its widebody long-haul aircraft to Vietnamese startup Bamboo Airways in a $5.6 billion deal at current list prices. As part of the deal, which is yet to be finalized, FLC Group-owned…
Indonesian ride-hailing app Go-Jek will officially launch in Vietnam this July under the brand name of Go-Viet. The firm will be run by a group of Vietnamese managers. Go-Jek will provide Go-Viet with financial and technological backing, as well managerial…
Vietnam’s largest shipping firm and port operator has been given the go-ahead by the Prime Minister to hold its initial public offering (IPO) later this year. The equitization plan of State-owned Vinalines, or Vietnam National Shipping Lines, is a combination…
World Health Organization (WHO) experts have expressed strong support for a new tax on sugary drinks proposed by the Ministry of Finance. The proposal, which will go into effect in 2019 if passed, will impose a 10 percent special consumption tax on different…
The Transport Ministry has shot down a GrabTaxi plan to extend its services to provinces like Ninh Thuan, Dong Thap and Gia Lai. The ride-hailing firm now is allowed to operate in the five cities and provinces of Hanoi, Ho Chi Minh, Da Nang, Khanh Hoa and…
Vietnamese beef prices have been falling because of a market glut, while imported beef is flexing its competitive muscles, offering higher quality for similar prices. In the central province of Ninh Thuan, dealers are buying a head of cattle from farmers for…
PetroVietnam Gas Corporation, Vietnam’s biggest listed energy firm, posted first half net revenues of VND37.5 trillion ($1.65 billion), equal to 66 percent of its annual target. Its pre-tax profit jumped to VND6.6 trillion ($290 million), representing 82…
Vietnamese construction firm Xuan Cau and Thailand conglomerate B.Grimm have teamed up to build Southeast Asia’s largest solar power plant in Tay Ninh Province. The signing of the joint venture agreement in Bangkok was witnessed by the prime ministers of both…
The recent escalation of trade tensions between the U.S. and China could have a positive effect for some industries in Vietnam, but experts warn these gains could prove short-lived. U.S. President Donald Trump announced last week that he would push ahead with…
Almost unnoticed, ASEAN is emerging as big market with big potential for Vietnamese seafood, industry insiders say. Vietnam exported $612 million worth of seafood last year to ASEAN countries, 9.2 times the $66 million in 1998. Local media reports have cited…
Vietnam is far away from realizing its short and medium term wind power goals, with no ready solution in sight to several impediments, experts say. They said at a recent conference on wind energy development in Vietnam that high interest rates, low selling…
The dollar gained against the Vietnamese dong on Tuesday as the U.S. Federal Reserve raised interest rates last week. As of 3 p.m. Tuesday, dollar selling prices reached 22,810 at some currency exchange points in Ho Chi Minh City. At Vietcombank, BIDV and…
Most Southeast Asian stock markets declined on Tuesday, in line with broader Asia, as U.S. President Donald Trump threatened new tariffs on Chinese goods in an escalating trade war between the world’s top two economies. Trump warned on Monday that Washington…
DHL eCommerce, a division of Deutsche Post DHL Group, today announced the introduction of DHL Parcel Metro Same Day in Ho Chi Minh City and Hanoi. The service allows Vietnamese online retailers to offer same-day delivery to consumers in both cities with…
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