Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
In a significant shift for Vietnam’s gold market, the government has issued a decree that allows select banks and businesses to engage in the import and production of gold bars— a privilege that has long been reserved for the state-owned Saigon Jewelry…
State-owned Vietnam Airlines has reversed its negative net worth thanks to a VND7.77 trillion (US$295 million) infusion of capital by the government. In a significant turnaround for the airline industry, Vietnam Airlines has successfully rehabilitated its…
South Korean retail behemoth Lotte Shopping is poised to expand its footprint in Vietnam, planning to open two to three new large-scale shopping malls in key cities by 2030. This initiative emphasizes Vietnam’s burgeoning significance within Lotte’s global…
Viet Thai International (VTI), a global conglomerate, has recently made a significant acquisition by taking over the Vietnam operations of Paris Baguette, a popular Korean bakery chain. The move aims to increase VTI’s presence in the rapidly growing food and…
In a striking trend unfolding in Ho Chi Minh City, property prices are pushing boundaries, with luxury apartments now competing directly with traditional single-family homes. An 85-square-meter unit at The Metropole in An Khanh has hit the market at…
Vietnam’s coconut imports skyrocketed nearly 19-fold to US$31.2 million in the first seven months of this year, as the nation grapples with a domestic supply shortage, according to the Vietnam Fruits & Vegetables Association. Exports Drive Domestic Shortages…
As gold prices dip in Vietnam, a contrasting trend is seen in the global market. In the latest market update, the price of gold bars from the Saigon Jewelry Company fell by 1.43% to VND131.4 million (approximately US$4,980.1) per tael. Meanwhile, local…
A homeowner in Hanoi has transformed her compact apartment into a tranquil oasis, investing VND160 million (approximately US$6,000) in renovations. Embracing a color scheme reminiscent of bubble tea, she has artfully combined soothing shades of beige and…
Vietnam’s pepper industry is experiencing a remarkable resurgence, driven by robust global demand and a tightening supply chain that has propelled export prices to new heights, according to the Vietnam Pepper and Spice Association (VPSA). In August, Vietnam…
Gasoline prices in Vietnam took a notable dip on Thursday afternoon, marking the end of a nine-week upward trajectory. The widely used fuel RON95 saw a slight decrease of 0.15%, settling at VND20,400 (approximately US$0.77) per liter. Similarly, biofuel E5…
In the heart of Vietnam’s Mekong Delta, traders like Hang are feeling the pinch. In a region renowned for its rice production, Hang purchased only a few tons last week, a stark contrast to his usual orders of hundreds. Amid this landscape of caution, rice…
Carlsberg Vietnam recently embarked on a unique creative venture, pondering the question: “If our corporate culture were a song, what would it sound like?” This thought initiated an imaginative endeavor, infusing workplace values with catchy lyrics and…
The U.S. dollar weakened against the Vietnamese dong Wednesday morning, despite maintaining its strength against major currencies. Vietcombank reported it sold the dollar at VND26,482, reflecting a slight dip of 0.06% from the previous day. The greenback was…
Gold faces downward pressure as global rates slip. The gold market in Vietnam experienced a decline on Thursday afternoon, mirroring a drop in global prices. The Saigon Jewelry Company reported a 1.03% decrease, bringing the price of gold bars down to…
Vietnamese consumers are dramatically elevating their expectations for online shopping, demanding not just value but also accountability and reliability from e-commerce platforms. As the market begins to burst at the seams, eclipsing a remarkable $25 billion,…
Vietnam is poised to launch a digital asset trading market, allowing cryptocurrencies to be freely issued over a five-year trial period. Under a recent government resolution effective from Tuesday, only Vietnamese companies will be permitted to operate…
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