Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
The State Bank of Việt Nam (SBV) is drafting a law on supporting credit institutions to restructure and resolve bad debt in an effort to quicken the process. The incomplete legal framework for handling poorly-performing banks and bad debts is hindering the…
AirAsia, the low-cost carrier headed by Malaysian tycoon Tony Fernandes, plans to start a Vietnamese carrier in a local partnership, as cheap fares and rising incomes fuel a travel surge in the South-east Asian nation. The region’s largest budget airline will…
Vietnam’s Viettel aims to be complete with its nationwide 4G rollout by April 10 after a frenzy of base station installations over the past six months. The military-run operator has deployed 36,000 4G base stations since commencing the rollout in November…
CapitaLand Vietnam has opened a shopping centre, The Oxygen Mall in Ho Chi Minh City’s District 2. Located at the base of the high-end residential development The Vista, The Oxygen includes three stories with over 8000 sqm retail space and is primarily…
Vietnam will be the fastest-growing convenience market in Asia by 2021, predicts international grocery research organisation IGD. According to the researcher, Asia’s grocery market will be the largest in the world with predicted 6.3 per cent of compound…
The city is making serious steps to collect sales taxes from small and home-based online business owners. Ho Chi Minh City’s tax department has said it will work with related departments to impose sales taxes on businesses running on Facebook and other online…
Market observers see a positive outlook in the long term for Vietnamese confectionery exports. Their optimism is based on a steady double-digit growth in export value for several years and an upward tick in investment and production expansion by local firms.…
Colusa-Miliket Foodstuff Joint Stock Company’s (Miliket) audited financial report for 2016 showed a 40 per cent drop in pre-tax earnings compared with the previous year, indicating a loss of market share. The report showed revenue of VNĐ461 billion (US$20.7…
South Korea has taken over Singapore to become Vietnam’s biggest foreign investor in the first quarter, with investment totaling $3.74 billion, or 48.6 percent of the total foreign direct investment (FDI) pledged for the period, the Vietnamese government said…
Vietnam grocer Saigon Co.op has revealed an ambitious store rollout program for 2017, adding nearly 600 stores by the year’s end. The company will open 500 convenience stores, most of them in Ho Chi Minh City and the southern provinces of Vietnam. It will…
Seven businesses have been licensed to operate casinos in Vietnam. Pham Ngoc Nam, deputy general director of Royal International Corp – the owner of a five-star hotel complex with a casino in Halong City, told the paper that the firm has been waiting for a…
The national flag carrier Vietnam Airlines increased tickets for business class on for domestic flights by 100,000 – 500,000 VND per leg; and economy class 40,000 – 300,000 VND. The airfare adjustment will be applied from April 1 for specific flights.…
Vietnam’s labor ministry is outlining a new plan to send more skilled workers abroad in the next few years as the number of unemployed Vietnamese has surpassed the million mark. According to Deputy Minister Doan Mau Nghiep, the plan will focus on sending…
Vietnam is considering whether to ban imports of livestock and poultry products from Brazil as the Latin American country investigates the quality of its meat exports. The animal health department said on Wednesday meat imports from Brazil have been low so…
CEO Nguyen Thi Phuong Thao, who created the concept of bikini-clad flight attendants, told local media that she wants to make Vietjet become the “Emirates of Asia”. Such goals are admirable, and insiders believe the IPO will bring further success to the…
Large international e-commerce firms such as Amazon and Alibaba only began making profits after 10 first years of operation. The big losses of Vietnam’s e-commerce firms were foreseeable. Before it was taken over by Alibaba in 2016, Lazada Group reported loss…
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