Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Pham Nhat Vuong, Vietnam’s first billionaire and owner of giant conglomerate Vingroup, has leapt 97 positions to become the 543rd richest person in the world, released on Tuesday. The magazine’s real-time list of the world’s billionaires showed that Vuong’s…
Dolce & Gabbana Vietnam has officially opened its flagship store after testing the market with a pop-up in January. In Rex Arcade inside Ho Chi Minh City’s Rex Hotel, the Italian luxury fashion brand’s store offers women’s and men’s ready-to-wear, shoes and…
Major Vietnamese taxi company Mai Linh on Monday launched its own motorbike hailing app in its latest attempt to claw back customers from Uber and Grab, the ride-hailing firms from the U.S. and Malaysia that have been outshining local cab firms. The app, Taxi…
The global price of coal has doubled since the beginning of 2016 and could result in Vietnam spending an additional $1.27 billion per year on the fuel by 2021, new analysis has revealed. The current market price of thermal coal has risen to $100 per ton,…
Singapore’s biggest auto group Jardine Cycle & Carriage has bought an additional 1.1 percent stake in Vietnamese dairy firm Vinamilk, raising its current share in Vietnam’s biggest listed company to 10 percent. The investor bought 16.4 million more shares for…
Chinese e-commerce conglomerate Alibaba has signed an agreement with the National Payment Corporation of Vietnam (NAPAS) that will allow Chinese tourists to use its online payment platform in Vietnam. The agreement with Ant Financial, Alibaba’s financial…
Macau’s biggest junket operator Suncity Group plans to pour billions of dollars into building a resort in Vietnam’s popular resort town of Hoi An, Bloomberg reported. The group has teamed up with Vietnam-based closed end fund VinaCapital and Hong Kong-based…
Vietnam’s central bank plans to issue a circular to the country’s commercial banks instructing them to prioritize credit for low-cost housing and social housing projects while slashing loans for high-end and mid-level developments. Governor of the State Bank…
Quang Tri is one of the poorest provinces in Vietnam. Straddling the D.M.Z. that cut Vietnam in half during the American War, the province was pounded by one of the heaviest bombardments in history, and 80 percent of its soil was poisoned with landmines. Much…
Dairy Farm sales were described as “flat” in the third quarter to September 30. The Hong Kong-headquartered company said improved performances in health and beauty, Ikea, restaurants and Yonghui were offset by lower sales in the food and grocery division.…
Parkson Retail Asia has had a lacklustre start to its fiscal year, its unaudited first-quarter figures show. Gross sales proceeds fell by 8.3 per cent year on year to S$202.4 million (US$148.9 million) for the quarter. Total merchandise sales generated $198.1…
Vietnamese lawmakers have approved a 7 percent pay rise for workers in the public sector, an area critics say is prone to corruption due to low official salaries. The basic wage in the sector will be raised to VND1.39 million ($61.20) a month from July next…
Founder and CEO of Facebook Mark Zuckerberg is expected to arrive in Vietnam on Saturday. Zuckerberg is scheduled to visit world heritage site Ha Long Bay in northern Vietnam and take a seaplane tour around the bay on Saturday morning. This will be his second…
Vietnamese dairy giant Vinamilk sold a 3.33 percent to an unnamed foreign investor for VND8.99 trillion ($396 million) on Friday. The investor bought the 48.3 million shares on offer for VND186,000 ($8.20) apiece, 24 percent higher than the asking price. The…
Lam Dong Province, home to the popular highlands resort town of Da Lat, has issued a list of rules for tourists that includes a dress code and shopping guidelines. The code of etiquette, drawn up by the province’s tourism department, asks visitors to be…
Saigon’s first river bus service will hopefully be up and running later this month, according to local authorities. The service will cruise 10.8 kilometers (6.7 miles) from Bach Dang Wharf in District 1 to Linh Dong Station in Thu Duc District, passing…
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