Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietjet today announced the launch of a new international route connecting Ho Chi Minh City with the Indonesian capital of Jakarta. The announcement ceremony was witnessed by high-ranking dignitaries from Vietnam and Indonesia on the official visit of His…
Vietnam restaurant group Golden Gate has stepped into the bubble-tea market with its first Yu Tang outlet in Hanoi. It is on the Chua Lang site formerly occupied by failed The Coffee Inn. The group acquired the property at the end of last year. Yu Tang…
Vietnam’s Vinaphone has become the fourth and last of the nation’s four major mobile operators to launch carrier billing over Google Play using the Fortumo payments platform. The operator’s 20 million subscribers will be able to use the Fortumo platform to…
Vietnamese state-owned operator MobiFone has been instructed to complete a privatization and restructuring process known as equitization in 2018, while former parent VNPT has been instructed to equitize in 2019. The Ministry of Information and Communications…
Some drivers are trying to stall the ride-hailing app by making false bookings. GrabBike drivers in Hanoi are encouraging each other to switch off the ride-hailing app in protest to a pay cut the company announced last weekend. Some are even hijacking the…
The tax could help combat the country’s rapidly increasing obesity rate. The Ministry of Finance on Tuesday proposed levying a special consumption tax on a range of sweetened beverages. If approved, the proposal would see the tax imposed on carbonated and…
Miniso South Africa has officially launched with a store at Pretoria’s Menlyn Park Shopping Centre, with another 50 outlets in the pipeline. The Chinese discount merchandise chain is also opening at Maponya Mall in Soweto, to be followed by stores in Gauteng,…
Vietjet’s public listing in the Ho Chi Minh City Stock Exchange in February has been honored as “The IPO Deal of the Year 2017” and “The Company with Best M&A Information Disclosure” at the M&A Awards 2016-2017. As a highlight of the Vietnam M&A Forum 2017,…
The automakers said the technical faults could cause serious damage, and they will be fixed free of charge. Mitsubishi Motors Vietnam has recalled 4,218 cars due to technical faults, official reports said. The majority of the recalled models are Pajero Sports…
Vietnam’s derivatives market is officially launched today, with stock futures contracts the first to begin trading. Derivatives trading was planned several years ago to help draw more investment to Vietnam’s capital markets and broaden the country’s finance…
The bank’s market capitalization is expected to reach $2.5 billion following the offering. The Vietnam Prosperity Joint Stock Commercial Bank (VPBank) was given approval on August 8 to list on the Ho Chi Minh Stock Exchange (HoSE). The bank plans to make its…
‘Travel expenditure in Vietnam will rise rapidly due to increasing disposable incomes and growing middle-class affluence.’ Mobile travel sales accounted for around 7 percent of total online sales in Vietnam in 2016. Over the past four years, mobile sales have…
Motorcycle sales volume grew in India and Vietnam. Japanese vehicle maker Honda on Tuesday said net profit for the second quarter rose by double digits boosted by strong motorcycle sales, revising up its full-year forecast. The Tokyo-based company said “solid…
Danang City Department of Transport said on August 2 that they hadn’t allowed Uber and Grab Car to operate yet despite an advertisement about Uber’s pilot run posted on the internet. According to the department, the city won’t give the go-ahead until the…
Vietnam’s Viettel has launched 4G services in East Timor through its subsidiary in the market Telemor. The launch in East Timor marks the Viettel group’s sixth 4G launch outside Vietnam, and follows launches in Burundi, Cambodia, Haiti, Laos, and Peru.…
Domestic airlines posted huge revenues and profits in the first half of 2017 following a 19.5% year-on-year growth of the aviation market with the number of air passengers reaching 30.3 million, according to the Civil Aviation Administration of Vietnam…
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