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Vietnam Retail News

Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.

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29 Jun 2017

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Latest Vietnam retail stories

uber taxi service
Minjun ParkE-Tailing

Vietnam bans new carpooling services from Uber, Grab

The authorities say sharing a car with a stranger comes with risks that passengers should not ignore. It’s yet another bumpy ride for popular ride-hailing services Uber and Grab. Their new carpool versions in Vietnam, UberPOOL and GrabShare, have been blocked…

china car sales
Rajiv MenonAutomotive

Car ownership ratio remains low

The industry’s growth for 2012-2016 period was 38%, the highest rate in the South East Asia. About 45% of the new cars were registered in Hanoi and HCM City. As of 2016, about 211,000 vehicles were registered in HCM City and 291,000 in Hanoi. 600,000 cars…

Vietjet
Aiko TanakaGeneral

Vietjet announces three new aircraft and more international routes

Vietjet reported continuous growth in its business performance in May with the addition of three new aircraft to its new generation fleet, the launch of new international routes and increased frequencies of international flights to meet the increasing travel…

Vietnam biofuel
Sarah ChenLiving

Vietnam to continue fuel import

According to a report issued June 26 by Binh Son Refining and Petrochemical Company (BSR), the operator of the US$3-billion Dung Quat Oil Refinery in Quang Ngai Province, the country is projected to consume 6.5 million tons of gasoline and 8.5 million tons of…

vietnam labor
Maria SantosLiving

Vietnam’s employers, unions fight again over wage increase

Discussions for the annual wage increase have started, and as expected, the business group at the table, the Vietnam Chamber of Commerce and Industry, has come in with a relatively low offer of 5 percent for 2018. That would be down from the 7.3 percent hike…

uber bangok cash
Sarah ChenE-Tailing

Hanoi attempts to manage app-car services like taxis

Hanoi will manage the operation of app-based taxi service, including Uber and Grab, in a way similar to traditional taxis to guarantee a fair business environment. The move followed Hanoi, HCM City and Danang taxi associations petitioning the Ministry of…

Sun Group
Aiko TanakaReal Estate

Sun Group to launch luxury resort in Ha Long Bay

The developer expects the project, designed by renowned experts, to stimulate tourism in Quang Ninh Province. Sungroup plans to open its luxury resort complex Sun Premier Village Ha Long Bay at Wyndham Legend Halong Hotel in the northern province of Quang…

Ocean Bank
Sarah ChenFinance

Ocean Bank finds new foreign owner

Although the buyers identity was undisclosed, the private source confirmed that the two sides are finishing the paper works. One Member Limited Liability Global Petroleum Bank (GPBank ), another zero VND bank, may be sold to a consortium of a foreign…

white pepper
Wei ZhangFood

Vietnam’s pepper export revenue loses spice due to oversupply

With supply exceeding demand, farmers are being told to hold on to their stocks and wait for prices to rise. Vietnam’s pepper shipments are forecast to reach around 101,000 tons for the first six months of 2017, up 13 percent on-year, but revenue is likely to…

co working
Sarah ChenLiving

Vietnam set for co-working office boom

With both local and international operators strongly expanding into co-working in Vietnam, the industry is expected to develop rapidly, experts have said. An office building for lease in Ha Noi. Co-working offices are in great demand thanks to the…

Vietnam Workers
Aiko TanakaGeneral

Textile and garment industry undergoes restructuring

Restructuring the textile and garment industry involves drawing up a new development strategy, using new technologies, and closing fiber and textile factories that use outdated technologies. The Nam Dinh Textile & Garment JSC has undergone ‘major surgery’.…

tropical fruits
Sarah ChenFood

Vietnam’s fruit, vegetable exports growing

Minister of Agriculture and Rural Development, Nguyen Xuan Cuong said the export potential of fruits and vegetables is huge, with the products key to restructuring the sector. Cuong said the ministry has focused on promoting the use of modern technologies in…

NARS Matte Multiple Stylized Group Shot jpeg
Aiko TanakaFashion

Nars comes to Vietnam

Japanese cosmetic brand Nars has landed in Vietnam, opening a brand new store in Ho Chi Minh City. Located on Dong Khoi Street inside Vincom Center mall, Nars’ debut store offers Vietnamese customers all of the makeup brand’s newest and most popular items.…

Grab Kudo
Wei ZhangE-Tailing

Taxi firms release apps to compete with Uber and Grab

The firms have complained about supposed unfair competition with Uber and Grab. Vinasun said the average wage for drivers had dropped and many drivers had already quit. The firms demanded authorities apply measures to ensure fairer competition such as forcing…

Retail Academy: Vietnam

Free background guides on how retail works in this market.

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