Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Gold prices slumped in the Vietnamese market on Tuesday morning. On the Hà Nội market, selling price of one tael, or 1.205 ounces, of State-owned SJC’s gold declined by VNĐ190,000 (US$8.3) to VNĐ36.75 million. On the buying side, the price of each tael also…
The proposed increases would make it harder for the country to hit its ambitious economic growth target this year. The Vietnamese government has instructed the Ministry of Finance to put on hold a series of proposed tax hikes to make life easier for local…
Nearly one in five said they have far more money at their disposal than their lifestyles require. The Expat Insider 2017 survey released on Thursday has put Vietnam in the spotlight as the cheapest place to live for expats. The country has jumped five places…
Investors have been spending big on the stock market so far this year. Ho Chi Minh City’s VN-Index broke the 800-point barrier on Friday for the first time since February 2008. The index finished up 4.48 percent at 801.5 points. Growth was driven by blue…
Vietnam grocery retailer Saigon Co.op has launched a TV reality show on retail startups. The show called “One Billion Start up With Saigon Co.op’’ aims to find and train the next generation of successful entrepreneurs. It will kick off on October 15 and run…
The government wants to fully divest its majority stake in Habeco as also in rival Sabeco. Danish brewer Carlsberg is keen on increasing its stake in Habeco, one of Vietnam’s biggest brewers, to at least 51 percent, a local news website reported, citing a…
Bosch’s former Vietnamese CEO is taking charge of Vingroup’s new automobile venture, while Microsoft Vietnam’s ex-chief also has a new job. American tech giant Microsoft and German engineering and electronics company Bosch have both assigned new foreign CEOs…
Carpooling services are convenient because they cost less and reduce congestion, but the transport ministry says they put passengers at risk. Ho Chi Minh City’s government has asked the Ministry of Transport to overturn a ban on low-cost carpooling services…
Old Navy Vietnam has opened its first store in Hanoi, three months after its debut in the country. The 655sqm store is located in Vincom Nguyen Chi Thanh and offers collections for men, women, kids and babies. Melissa Fehlman, GM of Old Navy Vietnam, said the…
In late June, The Gioi Di Dong JSC, which owns the largest mobile phone distribution chain in Vietnam, opened its first shop in Phnom Penh, Cambodia. The shop in Cambodia is named BigPhone, but it has a brand identity like The Gioi Di Dong shops in Vietnam.…
The airbags produced by Japanese manufacturer Takata have been linked to 17 deaths worldwide. Toyota Vietnam announced the recall of 20,000 cars this week to replace airbags produced by Japanese firm Takata. The Japanese auto maker will recall 18,138 of its…
The cryptocurrency reached an all time high of $4,700 this week, so if you’ve got a head for numbers…The demand for hardware to mine Bitcoins in Vietnam is on the rise following a government decision to develop a legal framework to manage digital currencies.…
Finnish high schools will also open their doors to students in Hanoi and Ho Chi Minh City in the near future. Education officials from Vietnam are in Finland to learn about the Scandinavian country’s education programs from elementary to undergraduate level.…
Asian carriers Vietnam Airlines and Garuda Indonesia have agreed to an extended partnership including more codeshares and working together on MRO (maintenance, repair and operations) operations. The CEOs of the two Skyteam members signed a memorandum of…
Consumer spending seems to be on the rise with less people interested in saving. Vietnamese consumers have just lost their crown as the world’s most avid savers to penny-pinching shoppers in Hong Kong after three years reigning supreme, according to the…
FJT Logistics, a Pangea member in New Zealand, has shipped a brand-new ocean cruising trimaran constructed from light weight carbon fibre in Cat Lai, Vietnam to Auckland, New Zealand. The Trimaran departed from Tan Cang – Cat Lai port, near Ho Chi Minh city,…
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