Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietnam is on the cusp of a demographic shift, with 16.1 million citizens aged 60 and above, representing 16% of the population. By 2038, this figure is expected to climb to 20%, and further to 25% by 2050, according to projections. As the nation grapples…
CEO Tan Sri Tony Fernandes recently shared insights about AirAsia’s long-cherished ambitions to penetrate the Vietnamese market, emphasizing the discussions currently in progress, but reminding that agreements can be elusive. “I have long wanted to operate in…
In Hai Phong, a new chapter in the region’s energy landscape is underway as Vingroup, along with VinEnergo, kickstarts the construction of a significant liquefied natural gas (LNG) power plant. This ambitious project, stretching across 100 hectares and…
Vietnam’s gasoline prices have slid to a five-week low, marking a significant shift after reaching an 11-week high just last week. The cost of the widely used RON95 has decreased by 2.14%, now priced at VND 20,160 (approximately US$0.76) per liter. Similarly,…
China’s largest jewelry retailer Chow Tai Fook Jewelry Group is setting its sights on Singapore with the launch of a premium store, marking a significant step in its global expansion strategy. With nearly a century of experience, the Hong Kong-listed company…
The U.S. dollar faced a downturn against the Vietnamese dong on Wednesday morning, marking a decline of 0.44% from the historic high reached just last month. Vietcombank adjusted its exchange rate, lowering it by 0.01% to VND26,445. Likewise, the State Bank…
In Hon Dat Commune of An Giang Province, mango prices are taking a significant leap, with traders now paying between VND40,000 and VND60,000 (US$1.5-2.2) per kilogram at the farm gate. This marks an increase of VND15,000 to VND20,000 since the beginning of…
Vietnam Airlines has launched an aggressive plan to expand its fleet, aiming to acquire or lease 30 wide-body aircraft—either Airbus A350-900 or Boeing B787-9—by the years 2028 to 2032. As part of this strategy, the airline recently issued a preliminary…
Prime Minister Pham Minh Chinh is demanding clarity from government agencies on the soaring price of housing, which has now reached a staggering level that few can afford. In a recent government meeting, Chinh highlighted the overwhelming dominance of…
Nokia is set to transform Viettel’s fixed broadband network through the implementation of its Broadband Network Gateway-Control User Plane Separation (BNG-CUPS) solution in the Hanoi Metro area. This strategic move will see Viettel replace its aging legacy…
In a vibrant turn of events, the Vietnam Fruit and Vegetable Association revealed that total exports for the first nine months of 2023 reached an impressive $6.1 billion, reflecting an 8.3% increase year-on-year. September was notably significant, as it was…
Vietnamese electric automaker VinFast’s VF 5 exemplifies a remarkable shift in the automotive landscape, dominating the A+ crossover utility vehicle segment with over 27,000 units sold. The VF 5 emerged as the uncontested leader in the A+ crossover utility…
Vietjet is marking the Mid-Autumn Festival with hundreds of thousands of Eco tickets starting from just SGD86/one-way (inclusive of taxes and fees) on all Singapore-Vietnam routes. Special promotional fares are also available across the airline’s extensive…
At unofficial exchange points, the dollar was trading 0.04% lower, valued at VND26,540. Meanwhile, the official rate set by Vietcombank remained steady at VND26,445, while the State Bank of Vietnam’s reference rate held firm at VND25,186. Despite this…
In the ever-evolving landscape of taxation, Vietnam’s Ministry of Finance has stirred the pot with a proposal to overhaul the Personal Income Tax Law, aiming to streamline tax brackets from seven down to five. While maintaining the maximum marginal rate at…
Vietnam’s economy is on a remarkable upswing, with the latest data from UOB’s Global Economics & Markets Research unit indicating a booming GDP expansion of 7.52% in the first half of the year—the fastest growth for this period since 2011. This vibrant…
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