Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Fashion retailer H&M’s sales fell unexpectedly in February while Inditex, which owns Zara, pulled further ahead of its Swedish rival, helped by its expansion online and a bigger emerging market presence. Inditex, the world’s biggest clothing retailer, has…
Vietnamese policymakers are looking at ways to safeguard the domestic automobile industry against foreign rivals, based on an official document released by the government office. Vietnam’s automobile industry is expected to face more hurdles in the years to…
Heavy rain that hit swamped Vietnam’s 2016/2017 coffee harvest has raised the ratio of low-quality beans and defects, traders said on Wednesday, with one major exporter saying quality is at its worst in nine years. Unseasonal rain that fell from…
With Uber and other app-based car-hailing services becoming increasingly popular in Vietnam, one local taxi firm has decided to improvise in order to give its drivers a competitive edge. Vinasun, the country’s second biggest taxi firm, has found a way to…
Vietnam has requested the Indian government to abolish a ban on the import of its six commodities, including coffee and pepper, the Vietnamese government said in a Friday statement. India may have agreed with the request and will remove restrictions against…
Vietnam’s domestic coffee prices edged up this week to the highest since late 2011 on a shortage of beans qualified for exports as the harvest has been hit by rain, traders said. Unseasonal rain from October to December last year in the Central Highlands…
VPBank announced it has offered a rate of 9.2 per cent per year for five-year certificates of deposit. VietA Bank has also listed a high rate of 8.2 per cent per year for certificates of deposit with tenure of just six to 18 months. The rate at Sacombank is…
The $4 billion Nam Hoi An integrated resort project wad restarted by VinaCapital after it found a new partner for the joint venture. The new investor is Chow Tai Fook Enterprise from Hong Kong. The project kicked off in 2007 and received an investment…
Singapore-headquartered Keppel Corp has paid VND 845.9 billion (S$53.5 million) to boost its stake in Ho Chi Minh City’s Saigon Centre beyond 50 per cent. Saigon Centre, a mixed-use development incorporating a shopping centre anchored by Takashimaya…
Web application firewall (WAF) service provider Cloudbric announced the opening of five internet data centers, including facilities in Hong Kong and Vietnam, in response to the growing, global demand for cloud services. The new data centers are located in New…
Zara parent Inditex Group sales rose by 12 per cent in its latest trading year, to January 31, reaching €23.3 billion. Growth was achieved in every geographic region where the group is present, and includes contributions from debut stores in Vietnam and New…
The Vietnam High Efficiency Software Corporation (VHES) on Thursday launched its Head End System (HES) software to be used to manage the city’s smart electricity grid. The software, which uses Vietnamese-made chips, is intermediate software that VHES…
The Ministry of Information and Communication urged enterprises to collaborate with the Government in efforts to build a healthy Internet society through advertising only on online channels which comply with established laws. Minister Trương Minh Tuấn issued…
The competition between shopping websites has now switched focus from prices to rapid delivery. Analysts said competing by cutting prices by up to 50 per cent is an old story, and with customers’ demand for good service increasing, delivery times have become…
Chinese smartphone brand Xiaomi has launched in Vietnam. The official distribution partner of Xiaomi Vietnam is Digiworld, which has opened four warranty centres in Ho Chi Minh City, Hanoi and Danang. Xiaomi Vietnam will initially launch its three latest…
Thailand’s MK Restaurants Group plans to invest about Bt400 million (US$11.3 million) a year over the next five years to expand in Thailand as well as its overseas markets, including Singapore. Chairman/CEO Rit Thirakomen says the group will open 15 MK…
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