Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
A unit of Thai Beverage (TBEV.SI) has emerged as the only prospective bidder for state-owned shares in Sabeco (SAB.HM) that has declared that it could lead to it owning 25 percent or more of Vietnam’s biggest brewer, the Trade Ministry said on Monday. The…
Vietnam’s biggest fuel distributors said they would complete a shift to an ethanol-blended product by Friday as part of a government program to promote a more eco-friendly fuel. State-owned PetroVietnam Oil Corp (PV Oil), which sells oil and fuels, will…
Ho Chi Minh City’s tax department has handed a bill of VND9.1 billion ($401,300) to a Facebook retailer in a rare successful attempt to levy sales on social media. A source from the department said that the tax declaration submitted by the cosmetics retailer…
Nguyen Thu Ha has abandoned traditional markets on her afternoon shopping trips in favor of a more convenient option. Uncomfortable with the crowds and dubious origins of the food, the 35-year-old from Hanoi now prefers to spend her money in the convenience…
FPT Digital Retail is set to launch an IPO on the Ho Chi Minh City Stock Exchange on Friday week. Details of the IPO pricing have not been disclosed, but the retail arm of Vietnam’s largest IT company plans to use the proceeds over the next three years to…
Ho Chi Minh City has been ranked third in a survey of 50 cities worldwide for property rental growth. The survey, conducted by real estate firm Savills, also ranked Vietnam’s southern metropolis fifth in terms of investment prospects, and second for…
Ho Chi Minh City’s Tax Department has suggested that customers should pay for restaurants and other high-end services using bank cards rather than cash to make it easier to collect tax revenue. Tran Ngoc Tam, the department director, said the proposal could…
Leica Vietnam has introduced its high-end cameras and sports optics in its first boutique, in Hanoi. As well as offering the German brand’s entire range, including its signature Leica Akademie and Leica Galerie, the Leica Boutique also aims to become a…
Vietjet yesterday celebrated the inauguration of its Nha Trang – Seoul route launch at the Cam Ranh International Airport (Khanh Hoa Province). This new route will serve the traveling demands of both the local people and tourists, connect the two famous…
Prime Minister Nguyen Xuan Phuc has called for a report on potential fraudulent activity at the state-owned Vietnam Rubber Group (VRG) after government inspectors discovered misuse of state capital and assets at the group three years ago. The Ministry of…
Vietnamese shares reached decade-highs and topped Asia-Pacific with the highest price gains in November, bolstered by rising foreign interest during the month. Foreigners were net buyers of about $500 million of shares in the country’s stock market in…
Vietnamese state oil distribution firm PetroVietnam Oil Corp (PV Oil) plans to offer 20 percent of its shares in an initial public offering (IPO) in January that aims to raise at least $92 million, its parent firm said on Friday. PV Oil will also offer up to…
The smallest denomination banknotes in Vietnam, VND100 and VND200 ($0.01), are both available at the central bank to any individuals or organizations that have a demand for them, a senior official from the bank said. Nguyen Thi Dam, director of the State Bank…
Global burger behemoth McDonald’s opened its first branch on Saturday in the historic heart of Hanoi, a conservative city renowned for its traditional — and cheap — Vietnamese staples beloved by food-obsessed locals. Hungry customers lined up for Big Macs and…
Vietnam raised retail power prices by 6 percent on Friday, a decision that comes amid the peak year-end production season with little advanced notice. The Ministry of Industry of Trade issued an announcement late on Thursday that prices would be raised to…
he Board of Directors of Vietjet Aviation Joint Stock Company (stock code HoSE: VJC) approved on November 29, 2017 a resolution finalizing the shareholders list to collect shareholder opinion on increasing the 2017 estimated dividend payout ratio from 50% to…
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