Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietjet on February 18, 2017 received investment approval from the People’s Committee of Ho Chi Minh City – Board of Management of the Saigon Hi-Tech Park for the establishment of its Aviation Technology Centre project. As part of the massive program to the…
E-commerce is forecast to hit $10 billion by 2020, accounting for 5 percent of the country’s retail market. Vietnam’s e-commerce market climbed to about $4 billion in 2016 as one of the fastest-growing markets worldwide. Revenue from online retail in Vietnam…
Japanese food company Ajinomoto has signed an agreement to become a top sponsor for the 29th Southeast Asian Games (SEA Games) and the 9th ASEAN Para Games in Kuala Lumpur this year. Ajinomoto Co., the parent company of Ajinomoto Vietnam, will provide support…
Philippine-headquartered quick-service restaurant chain Jollibee Foods income jumped 24.6 per cent to 6.14 billion pesos (US$123.26 million) last year, thanks to aggressive store openings. Jollibee says it opened 340 outlets across nine brands – its biggest…
Thai and Filipino tuna exporters have accessed the market tariff-free for years. Vietnam’s tuna exports to Japan have steadily declined since 2013 due to exceptionally high tariffs, according to the Vietnam Association of Seafood Exporters and Producers…
The Swedish fashion giant Hennes & Mauritz (H&M) is preparing for its Vietnam debut this year. The Swedish low-cost clothing outlet, H&M, announced it would open a store in Vietnam this year, making it the fourth fast fashion label to enter Vietnam after…
Parkson Retail Asia has flipped from a S$2.9 million (US$2 million) net profit a year ago to a net loss of $2.23 million for its second quarter. This is despite a 7.4 per cent year-on-year rise in revenue to $111.14 million, with Parkson attributing its red…
Six years after entering Vietnam, Subway, the world’s biggest fast food brand, is increasingly looking for franchising partners to reach the ambition of opening 50 restaurants in this market. On February 15, Subway held a franchising partner recruitment…
The companies are looking for bigger profits in nearby countries such as Thailand. Japanese automakers may be shifting their production away from Vietnam in the near future due to its poor supporting industries. Vietnam’s supporting industries have stood…
On February 16, the Hanoi People’s Court will resume a trial over corruption and money laundering charges against Vinashin Ocean Shipping Co., Ltd. (Vinashinlines). In this trial, defendant Giang Van Hien (67, Ho Chi Minh City) has been charged with helping…
The target was set in an action plan on enhancing competitiveness and developing logistics services by 2025 recently approved by Prime Minister Nguyen Xuan Phuc. Under the plan, the logistics sector is expected to grow by 15 – 20 percent by 2025. The action…
Demand for IT workers has doubled over the past five years, according to the latest VietnamWorks report on salaries, benefits and skills in the sector. Another survey conducted by Hanoi Department of Labor, Invalids and Social Affairs in 2016 shows that, on…
Vietnam’s biggest private airline is expected to surpass flag carrier Vietnam Airlines this year as the nation’s top domestic carrier. Vietnamese budget airline VietJet Air is preparing to list on the Ho Chi Minh Stock Exchange at a starting price of…
Home-based businesses will soon find it, not just increasingly difficult, but impossible to find a bank loan. The central bank has tightened lending criteria for household and other unregistered businesses, meaning they will not be eligible for bank loans.…
Officials in the city are tightening rules on transport services. Popular ride-hailing services Uber and Grab may soon be asked to put signs on their cars as officials in Hanoi are tightening rules on transport companies. Officials said some private cars…
CJ-CGV has quickly emerged as the dominant cinema chain with more than half of the market share. South Korean multiplex chain CJ-CGV, which currently has 38 cinemas and 247 screens in Vietnam, managed to triple its net profit last year to VND93.4 trillion ($4…
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