Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
CEO of Trung Nguyen Coffee put in an unannounced appearance and asked company staff to ‘revolutionize’ themselves. The CEO of Vietnam’s top coffee brand, Trung Nguyen, put in a surprise appearance at a company event on Saturday, after “disappearing” for…
Representatives of tech giants raised no objections and said they would modify their strategies according to the new law, claims senior official. Facebook and Google found Vietnam’s cybersecurity law “appropriate” and did not object to it, a senior Public…
Local ride-hailing firms lack deep pockets needed to out-incentivize market leader Grab. After Uber Technologies Inc sold its ride and food-delivery businesses in Southeast Asia to bigger regional rival Grab last March, Vietnamese firms have tried to chip…
Vietnam’s stock market dropped 2.87 percent to more than 987 points on Monday, the second time this year that it has dropped below the 1,000-point level. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) fell from 1,000 points for the first time…
Sports betting is legal, but a betting operator has not been selected for premier football event. Football fans and punters in Vietnam cannot bet on World Cup matches this year, even though sports betting has been legalized. Only a few companies have shown…
Industry insiders say local Over-The-Top service providers should act together instead of against each other. Vietnam is seeing a trend of people switching from traditional TV to over-the-top (OTT) media services which allow them to watch movies and other…
Bad debts accounted for 2.18 percent of total lending at the end of the first quarter of 2017. Vietnamese banks’ total loans at the end of May were 6.16 percent larger than at the end of 2017, the State Bank of Vietnam said on Monday. Bad debts accounted for…
Apart from skills and adaptability, low staff turnover in the sector makes the country more attractive to tech giants. Vietnam continues to be a favored outsourcing destination for multinational companies even as the current leader, India, experiences some…
Thailand wants Vietnam to lift non-tariff barriers on its completely built-up car units (CBU). Earlier this year, the Vietnamese government had stiffened inspections on all CBUs, which are completely assembled units ready to export. The new restriction…
Vietnam’s total vehicle sales edged down 0.7 percent to 23,065 units in May from a year ago, the Vietnam Automobile Manufacturers’ Association (VAMA) said on Monday. Sales by VAMA member-manufacturers edged up 2 percent to 22,374 units in May from the…
Vietnam shares fell on Tuesday after eight consecutive sessions of gains, while Thai shares rose for a second straight day on the back of energy and consumer staples stocks. Broader Asian markets were choppy as the historic U.S.-N.Korea summit started in…
It is illegal to use cryptocurrency in Vietnam, but that has not stopped the import of large numbers of bitcoin diggers. From the beginning of this year until June 10, 3,664 mining systems were shipped to Ho Chi Minh City, according to the municipal Customs…
Vincom Retail plans to open 30 more shopping centres in Vietnam this year, increasing its mall network to 200 by 2021. To fund the plan, the retail subsidiary of Vingroup will raise US$500 million. The first of the new malls to open will be Vincom Center…
Major Vietnamese plastics firms are being taken over in a big way by foreign firms from Thailand, Japan and South Korea. In April, Thai business conglomerate Siam Cement Group (SCG) acquired over 50 percent of shares in Binh Minh Plastics (BMP), a big player…
Instead of working individually, Vietnamese farmers should band together and become “industrial workers,” an expert says. Dang Kim Son, former director of research with the Ministry of Agriculture and Rural Development, said at the Vietnam Economic Forum on…
A draft law requiring all supermarkets in Vietnam to open through holidays and provide online sales and delivery services has angered retailers. They say rules cannot set for marketing strategies that are decided by businesses based on their own assessment of…
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