Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietnam’s Finance Ministry has proposed a special consumption tax on some soft drinks that it claims contain an unhealthy amount of sugar, but its argument has been dismissed by other ministries. The Ministry of Industry and Trade said in a statement that…
Rice prices gained this week in India as Bangladesh continued to lap up the staple grain from its neighbour, while prospects of deals with the Philippines saw rates climb for the first time in three weeks in a relatively quiet Vietnamese market. In Vietnam,…
Korean coffee chain Caffe Bene has collapsed, filing for a court-led restructuring scheme on Friday. Yonhap news service reports the court will soon decide whether to put the ailing coffee chain under its receivership or commence liquidation. The legal move…
Vietnam’s F&B group Red Wok has invested in Quan Ut Ut Barbecue, which owns the American-style restaurant of the same name as well as craft-beer brand BiaCraft. Red Wok will support Quan Ut Ut with business services, technology and marketing management with…
Spurred by a rising middle class and influx of international retailers, Vietnam retail sales hit a record US$129.6 billion last year. This was growth of 10.9 per cent over 2016, according to the Vietnam General Statistics Office (GSO). Vietnam’s largest real…
Ride-hailing apps Grab and Uber are to be officially authorized in Vietnam after completing trial runs, but the government has pledged to impose the stricter controls it currently imposes on local transport firms. The phone-based transport services have…
Vietnam’s banking sector posted an estimated 18.17 percent in loan growth in 2017, the Ministry of Finance said on Monday. On December 29, Vietnam’s General Statistics Office said that credit expanded by an estimated 16.96 percent during the year. At the same…
Vietjet will convert its existing order for 42 A320neo to the superior and larger A321neo, bringing to a total of 73 A321neo and 11 A321ceo on order for future delivery. The agreement was signed recently by Vietjet President and CEO Nguyen Thi Phuong Thao and…
New-age carrier Vietjet has become the first airline in Southeast Asia to take delivery of an A321neo (new engine option) after the Airbus aircraft landed at Tan Son Nhat International Airport from Hamburg, Germany. The A321neo, registered as VN-646, is…
H&M Vietnam is opening its third store, at Ho Chi Minh City’s Vincom Mega Mall Thao Dien. The fast-fashion outlet will open on January 27 with limited-edition gifts for its first customers. The Swedish brand arrived in Vietnam four months ago, launching at…
Xiaomi has officially opened its first Mi Store Vietnam, 10 months after entering the market. The authorised store is located in Ho Chi Minh City’s Crescent Mall and is operated in partnership between Xiaomi and local company DigiWorld. The partnership was…
Vietnam’s economy has the potential to thrive this year with more foreign direct investment (FDI) and export revenue, but low productivity remains a concern, economists said. Last month, the Asian Development Bank (ADB) lifted its economic growth forecast for…
Dealers are now turning their attention to the release later in the day of key U.S. jobs data, which is expected to show the world’s top economy continuing to improve. A forecast-smashing reading Thursday on private take-ups boosted optimism, which had…
A court in Ho Chi Minh City has dismissed a lawsuit against the city’s tax department by Uber after the ride-hailing firm asked the court to stop the department from charging it with a million-dollar sum of tax. The HCMC’s tax department earlier asked five…
Vietnam’s stock market is expected to keep its upbeat sentiment of 2017 and drive the benchmark VN-Index to an all-time high at year end, analysts said. The Vietnam Stock Index (VN-Index), a capitalization-weighted index of all the companies listed on the Ho…
Vietnam’s government has approved plans to expand its air network to major markets including Australia, China, Europe and the United States starting from this year. According to the plan, Vietnam Airlines will go through with its proposal to open non-stop…
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