Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietjet has announced its plan to operate direct flights connecting Vietnam and India, while its subsidiary, Thai Vietjet, is to launch a new direct domestic service between Bangkok and Krabi from April 5, 2018. Both plans are designed to become part of…
When it comes to the MICE (Meetings, Incentives, Conferences and Events) sector, Singapore and Malaysia are widely regarded as the “MICE tigers” of the Southeast Asian region. Hot on their heels is another rapidly-rising economy in this region, Vietnam, which…
Commercial banks have adjusted their service fees to individual customers since beginning of the year in order to focus on the retail segment. For money transfer services in the same banking system, some commercial banks, such as VIB, VietinBank and…
Over 2,000 Honda cars from Thailand—the first batches of cars to enjoy zero per cent import duty under the ASEAN Free Trade Agreement (AFTA)—have been imported to Việt Nam. Under the AFTA commitments, a zero per cent tax is applicable to cars imported from…
The Sa Giang Import and Export Joint Stock Company has reported a net profit of VNĐ30.5 billion ($1.34 million) on a turnover of VNĐ290.7 billion (US$12.8 million) last year. They were almost 4 per cent and 11 per cent up respectively. For Sagrimexco, as the…
While Malaysian fashion retailer Bonia sold fewer handbags in its second quarter, it did manage to grow its net profit. It achieved a net profit of RM11.99 million (US$3 million) for the period, to the end of December, up 8 per cent. It attributes the upswing…
CapitaLand Vietnam plans its first mixed-use project for Hanoi. In Tay Ho district with West Lake views, the US$217 million project will comprise 19,000sqm of retail space, about 213,000sqm of office space and 380 residences including SoHo apartments. Its…
Vietjet will soon shift its operation of international flights from Terminal 3 to Terminal 4 (T4) of Changi International Airport, Singapore beginning 6 March 2018. The forthcoming shift in operation marks the expansion and growth of Vietjet in Singapore’s…
Vietnam Oil and Gas Group (Petro Vietnam or PVN) plans to reduce its ownership of Petro Vietnam Gas Joint Stock Company (PV Gas) from the current 97 per cent to 65 per cent. The divestment, scheduled for 2018-20, follows Government instructions for the…
Automobile imports in Việt Nam plummeted in the first month of 2018, also the time before Tết (Lunar New Year) holiday. Only 337 cars of all kinds were shipped to the country, according to data of the General Department of Customs. Of the imports, there were…
The State Capital Investment Corporation (SCIC) plans to sell nearly 30 per cent of its stake in Bình Minh Plastic JSC or 24.1 million shares on March 9 on the HCM Stock Exchange. The 24.1 million shares will be sold via competitive bidding and each investor…
Vietnam has seen a boom in renewable energy projects, in a bid to meet the nation’s future demands for power, after the Government scrapped plans to build a nuclear power plant in Ninh Thuận Province. Experts have noted that this is a golden opportunity for…
Commercial banks are expecting the revenue from fees and retail banking services to become their main income sources this year, as a result of rising market demands. According to Nguyễn Đức Vinh, general director of VP Bank, after years of investing in the…
As one of the fastest growing e-commerce countries in the world, Việt Nam is considered a high-potential market for e-logistics, analysts have said. Việt Nam has an average annual growth rate of 35 per cent. The boom in online shopping and home delivery in…
SmartOSC, a leading ecommerce agency, has joined hands with UrbanFox, an omnichannel logistics and channel management solutions brand, and a subsidiary of Singapore mainboard-listed Keppel Telecommunications & Transportation, to jointly promote their…
The Ministry of Industry and Trade (MoIT) has asked the Ministry of Finance to remove the special consumption tax for locally-manufactured auto parts. This is part of a recommendation document that MoIT sent to the finance ministry in order to revitalise…
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