Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietnam’s 4G networks now cover 95% of the nation’s population, attendees to the 4G LTE 2017 International Conference learned. The conference, organized by the Vietnam Internet Association and IDG Vietnam, was told that around 43,000 4G base stations have now…
Following its 1H2017 unaudited separated financial statements released last week, Vietjet Aviation Joint Stock Company (HOSE code: VJC) has released its unaudited group financial statements for 1H2017, charting surpassed growth in targets as compared to the…
The Asia-focused giant has been on a recovery drive over the past two years to streamline the business and slash costs, and has laid off tens of thousands of staff. HSBC said profits were up Monday in the first half of the year in what it called an…
By teaming up with MP Logistics, South Korean enterprise Samsung not only demonstrated its interest in the Vietnamese logistics sector, but its participation also heats up the market. On July 14, 2017, Samsung SDS, a subsidiary of Samsung Group, established a…
Despite being allowed to charge on-net fees for automatic telling machine (ATM) transactions, some commercial banks have recently applied the exemption to on-net money withdrawal and account transfer to attract new customers and develop the retail banking…
Lower tax will help boost 2017 Dung Quat output by 20 percent. Vietnam’s fuel imports may drop as the effects of a tax cut on sales of gasoline and diesel fuel from the country’s Dung Quat oil refinery start to be felt as earlier term contracts expire.…
Deputy Prime Minister Vuong Dinh Hue, during his visit to the Australia, told a meeting with Australian businesses on July 24 that Vietnam can supply all types of rice in bulk to the country. Vietnam’s rice exports to Australia reached 220,000 tonnes last…
The government is allowing Vietnamese locals to gamble at two locations – the first in Van Don and the other on Phu Quoc Island – as part of a three-year pilot scheme. A third site in Ho Tram is expected to be added to the list. The news has evoked the…
Strong international markets, favorable exchange rates and new services have led to record revenues. Vietnam’s military-run telecoms group Viettel said its pre-tax profit from the nine overseas market it currently has a foothold in rose 156 percent on-year to…
If the company spent as much time working on the phone as it did on the invites, customers are in for a treat. Vietnam’s leading cyber security firm Bkav will host the launch of its second generation smartphone, currently known as the Bphone 2, in Hanoi on…
Le Ha of Hanoi, who has been selling clothes on Facebook, is stressed and worried after receiving a message from tax authorities inviting her to come and declare her income. Ha is one of over 13,400 Facebook account holders in Hanoi who’ve been identified by…
The Ministry of Transport has sought opinions from ministries, localities and transportation associations on its recently imposed ban on app-based taxi ride-sharing service. The ministry recently sent a document to the ministries of police, justice, finance,…
With the aim of expanding operations in Vietnam, Carlton & United Breweries (CUB) has become a new competitor in the race to seize the stakes in Hanoi Beer, Alcohol and Beverages Corporation (Habeco) and Saigon Beer, Alcohol and Beverages Corporation…
The appearance of big foreign retail chains like CircleK, Shop&Go, FamilyMart and Aeon and the strong rise of Vietnamese chains Vinamart, Co-op and The Gioi Di Dong have fostered the development of consumer credit in Vietnam, according to the State Bank of…
There are more than 1,000 restaurants serving Japanese cuisine in Vietnam, the majority of which are in HCM City. HCM City has about 660 restaurants serving Japanese cuisine, twice as many as there were three years ago, according to the Consulate General of…
Vietnam’s fast-food segment has become much more competitive as a huge number of chains arrive in the country, but some are now reviewing their business activities while others are departing. Analysts say that as Vietnam is an emerging market, investors need…
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