Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
The central bank has cited tax evasion, fraud and money laundering as the reason for the move. The State Bank of Vietnam has directed banks and payment organizations to remain vigilant and keep a watch over all cryptocurrency-related activities. The directive…
Each share of PGBank will be converted into 0.621 HDBank share. Vietnam’s Ho Chi Minh City Development Joint Stock Bank, better known as HDBank, said its shareholders approved on Saturday a plan to merge with the unlisted Petrolimex Group Commercial Joint…
The deal has left tax payments unresolved and questions remaining about a potential market monopoly. Tax authorities in Ho Chi Minh City have once again sent a request to Grab in Vietnam asking the company to provide details concerning its recent acquisition…
Samsung is the largest foreign investor in Vietnam and accounts for around a quarter of the country’s total export revenue. Samsung Electronics Co. is determined to further expand production in Vietnam, co-CEO Koh Dong-jin told Vietnamese Prime Minister…
Widespread smartphone usage, increased consumer spending and a low unemployment rate have spurred investment. Vietnamese startups have invested $129 million into financial technologies, with investors saying the country has high potential for tech…
‘People are starting to wonder if doing business in China is worth it.’ African nations have been turning to Vietnam as the business environment in China becomes increasingly more difficult. African businesses started flooding to Guangzhou City after China…
Vietjet Aviation Joint Stock Company (HOSE: VJC) has just released its consolidated financial statement for the first quarter of 2018 with significant growth for the airline that exceeds expectations. The airline’s revenue stood at VND12,560 billion (USD552…
Saigon Beer, Alcohol and Beverage Corporation (Sabeco) has released its consolidated financial statement for the first quarter of this year. Accordingly, Sabeco reported an increase in revenue but a decrease in profit. Notably, its consolidated net revenue…
Vietnam is among the fastest growing commerce markets. E-commerce makes up 0.5 percent of value of the FMCG (fast moving consumer goods) sector in the four largest cities, while the number of online shoppers increased from 5.4 percent to 8.8 percent in urban…
People fear that they are being forced to buy a product they are not interested in. A new proposal to replace the most popular gasoline in Vietnam with biofuel is raising concerns among experts and consumers who said it will force them to buy a lesser…
The surge in world pepper prices in the 2013-2015 period led local growers to expand their farms uncontrollably. Vietnam plans to slash its black pepper growing area by 26.7 percent in response to falling global prices, the chairman of the country’s pepper…
The telecommunications giant has not repaid AVG investors. MobiFone has confirmed to authorities that it has been refunded in full from a private pay TV firm after the deal between these companies fell through. The state-run telecommunications giant said that…
Vietnam has become a major manufacturing hub, providing an air freight opportunity for the state-owned carrier. Vietnam Airlines is looking to boost growth by starting a dedicated cargo unit, according to a company official. With companies such as Samsung…
Shipping costs are forcing prices up and driving potential customers away. Vietnam’s e-commerce industry is facing challenges due to poor logistics and consumer price-sensitivity. “The challenge for commerce in Southeast Asia in general, and Vietnam in…
With busy schedules occupying people’s lives, e-commerce sites are catching up with the rising demand. With e-commerce booming in Vietnam, shopaholics have been switching from walking from store to store to just sitting back and relaxing with their computers…
The new terminal will double the current loading capacity of the biggest port in northern Vietnam. A new deep-water port is set to open this month in Vietnam’s northern city of Hai Phong. The city is a major sea gateway for Vietnam, but the existing port…
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