Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
After 7-Eleven’s initial success in the Vietnamese market, people are still questioning its long-term achievements as competition among different brands of convenience stores in Vietnam is getting more intense, and especially after 7-Eleven’s failure in…
FE Credit is leading the consumer finance market with $1.4 billion worth of loans provided in 2016, accounting for 48 percent of market share. Its rivals, Home Credit, HD Saison and Prudential, hold 15.7 percent, 12.2 percent and 8.1 percent, respectively,…
Vietnamese telecoms operator VNPT has contracted Ericsson to upgrade its charging and business support system. Under the deal, Ericsson will provide a new online charging system to support VNPT’s 40 million prepaid and postpaid subscribers. Financial terms of…
Viet Nam, the world’s No 1 exporter of cashew products, expects to import an aditional 500,000 tonnes of nuts from now until October to meet its annual export target, according to the Vietnam Cashew Association (Vinacas). Without imports, the industry will…
The tax man is threatening to shut down social media accounts, but savvy retailers know that it’s an empty threat. Ho Chi Minh City sent out tax demands to nearly 13,500 Facebook retailers over a month ago, but a representative from the city’s Tax Department…
The State Bank of Viet Nam (SBV) has cut several interest rates for the first time since 2014 in order to support business and boost economic growth. According to the central bank’s statement, 0.25 percentage points have been shaved off the annual refinancing…
Small and home-based business owners who use the Facebook platform to sell products and have revenue of more than VND100 million (US$4,500) per year will be taxed at five per cent. The money will be paid through a tax registration, value added tax, personal…
Vietjet today announced a sales promotion for new connecting flights from Seoul/Busan (South Korea) to Siem Reap (Cambodia), that will ease the travel budgets of individuals, tourists and businessmen flying between the famous localities. On this occasion,…
The restaurant industry in the three largest cities of Vietnam struggled with weak sales and traffic throughout the first quarter of 2017, according to a report by Decision Lab, a marketing research company based out of Ho Chi Minh City. The number of…
Increased foreign investment is putting Vietnam on the right track. Swiss investment bank UBS has forecast that Vietnam will marginally outpace China’s economic growth for the first time in 2018. For the past 30 years, China has been the world’s fastest…
Vietjet and German Operating Aircraft Leasing GmbH & Co. KG (GOAL), a joint venture of KGAL GmbH & Co. KG (KGAL) and Deutsche Lufthansa AG, today signed a strategic agreement paving the way for GOAL to finance Vietjet’s acquisition of four brand new A321…
Prime Minister Nguyen Xuan Phuc is hoping expert German support will help accelerate Vietnam’s automobile industry. Vietnamese and German businesses signed 28 agreements totaling 1.5 billion euros ($1.7 billion) on Thursday during Vietnamese Prime Minister…
The company claims the track could earn $2.2 billion a year now that betting has been legalized in Vietnam. A Hong Kong-based company has been given the all clear to conduct a feasibility study for a racecourse in Vietnam’s southern city of Can Tho. SIBC…
The omnichannel model has become a new weapon in the race to maintain and expand market share in the electronics retail industry. The coveted Top 3 A latecomer taking on established competitors, FPT Shop only started to strengthen its e-commerce channel in…
With turnover of $375 million in May, fruit and vegetables were among the biggest export items for Vietnam, while imports of the same equalled $183 million. The high export turnover of $375 million represented a sharp increase of 75 percent in comparison with…
It is forecasted that the value of mergers and acquisitions (M&A) deals in 2017 will not exceed those of 2015 and 2016, thus, the market needs a boost from enterprises and the government to leverage the opportunities from foreign capital to make a…
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