Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Aeon Vietnam is to build a second property in Hanoi, in the Ha Dong district in the city’s west. This follows the Japanese group launching in the Vietnamese capital two years ago, with a mall in Long Bien. An Aeon Vietnam representative says the project,…
Indite has consistently outperformed H&M in the past few years as a result of online growth and its push into new markets. Fashion retailer H&M’s sales fell unexpectedly in February while Inditex, which owns Zara, pulled further ahead of its Swedish rival,…
The Ministry said effective March 22, 2017, it will impose a 21.3% border tax for a period of one year followed by a 19.3% and 17.3% tax for years two and three to take effect on March 22, 2018 and March 22, 2019, respectively. The Decision to levy the border…
According to HSC, Vinamilk’s shares are valued at VND152,000 ($6.7), higher than the current price of VND130,000 ($5.7). A representative from HSC, however, told that its price is only a forecast based on the price of raw milk and may change. Vinamilk owns…
Three foreign banks and two domestic banks, which have not been named, were reported by SaigonTimes as being interested in acquiring the retail businesses of the 100 per cent foreign-owned bank. Last October, ANZ Group CEO Mr. Shayne Elliot was quoted as…
As Vietnam’s economy grows the Vietnam milk tea market has become a battleground for foreign franchises. The latest debutant is Taiwanese milk tea brand T4, founded in 2004, and which has steadily built an international network now including Malaysia,…
A coffee association sees shipments fall 25-30 percent this year. Coffee exports from Vietnam, the world’s second-biggest producer after Brazil, may dip in the calendar year of 2017 due to thin carryover stocks while production of the next crop could be…
The show, the second of its kind, is held by the Vietnam Association of Motorcycle Manufacturers (VAMM), carrying the message “Free Your Wheels”. It will gather famous brand names from official suppliers including Honda, Piaggio, Yamaha, SYM and Suzuki as…
Falling demand and overseas competition are expected to bite into Vietnam’s rice exports. India and Vietnam, the world’s leading rice exporters, may see overseas sales fall below previously expected levels due to slowing demand and rising competition from…
The European Union is trying to capitalize on free-trade interest amid gloom over Trump policies. The European Union is seeing increased impetus around the world to move forward with Free Trade Agreements (FTA) with the bloc, which will make the most of…
Vietnam is considered Aeon’s priority destination in Southeast Asia with the largest number of shopping centers to date. Japanese retailer Aeon is planning to pour $200 million into its second shopping mall in Hanoi this year, a company official said, which…
A footwear and leather export promotion conference will be held in HCM City next week. In 2016, the sector earned an export revenue of US$16.2 billion, representing an year-on-year increase of 8.8 per cent. The information was released on Friday by the Viet…
Fledging startups are concerned most over a lack of funding to get their idea off the ground. Total venture capital investments into Vietnamese start-ups soared 78 percent to about $240 million last year, an official from start-up accelerator program Topica…
The Vietnam government contends the ban by the Australian Department of Agriculture on raw imports is ‘causing serious damage’ to the country’s shrimp farmers and exporters, and has requested it be reversed. Australian Agriculture Minister Barnaby Joyce…
Hong Kong-headquartered Mujosh eyewear is about to open its first store in Vietnam. The edgy brand, which made its international debut in Malaysia just last year, will open a store inside Saigon Center in Ho Chi Minh City. The mall houses the Takashimaya…
hai retail giant Central Group aims to raise the share of its e-commerce sales to 15 per cent over five years, up from the present 1 per cent. Presenting the company’s annual business plan, CEO Tos Chirathivat says the group will aggressively pursue expansion…
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