Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietnam retail and services revenue rose 10 per cent year-on-year last month to US$15 billion. Excluding inflation, the amount marked a yearly increase of 6.7 per cent, says the General Statistics Office (GSO). Statistician Vu Manh Ha attributes the growth to…
Agoda, Traveloka, Booking and Expedia have to pay VAT (value added tax) and CIT (corporate income tax), which is 5 percent of total revenue, for profits from doing business in Vietnam, according to the Ministry of Finance (MOF). MOF released the decision one…
The weight-based environmental tax can do more harm than good if businesses try to ease the burden by making and using thin plastic bags. The Vietnam Chamber of Commerce and Industry (VCCI) has weighed in on a debate involving changes to the country’s…
Channeling people’s love of lucky numbers into the state budget: Why not? Vietnamese people are die-hard fans of lucky numbers and are ready to pay a hefty price to obtain license plates or phone numbers with “meaningful” strings of digits. In that context,…
Mekong Delta provinces, which just recovered from a historic drought a year ago, is bracing for more unfavorable weather. Vietnamese farmers in the Mekong Delta are seeing their rice crops being damaged after heavy downpours hit the region in recent days.…
The HCM Stock Exchange (HOSE) has approved the listing of Vietjet Aviation Joint Stock Company’s 300 million shares on the southern bourse. The opening price of Vietjet’s shares is unknown. Vietjet on January 25 registered its 300 million shares with the…
The country plans to change the telephone area codes in 59 cities and provinces, starting with 13 this Sunday. Vietnam will change the landline telephone area codes in Da Nang and 12 central and northern mountainous provinces from Sunday, the first step in a…
According to the Ministry of Planning and Investment’s Foreign Investment Agency (FIA), Thailand has invested US$7.7 billion in 440 projects in Viet Nam to become the country’s tenth largest investor. Amata industrial zone in Dong Nai Province, where Thailand…
The electronic system will also make insurance payments faster and more transparent. Vietnam plans to issue electronic health security cards to its citizens verifying their right to medical services, the Government Office said on Monday. Just as a social…
The unexpected success in 2014 has turned Nguyen Ha Dong into a star of Vietnam’s startup scene in recent years. Just one week after its debut, the latest mobile game from Nguyen Ha Dong, the creator of Flappy Bird, has become the new addiction of many people…
Tariffs on car imports from ASEAN countries will be fully removed by 2018. A growing middle-class population, rising disposable incomes and falling tariffs on cars imported from neighboring countries in Southeast Asia appear to be driving Vietnam’s car…
There are too many uncertainties ahead to know whether it will continue or crumble, economists say. The world economy has begun the year in fine form. America is cruising along, China is growing faster than expected, Britain is muffling the Brexit downdraft.…
A strong start for the economy in the new year after a record high number of new openings in 2016. Vietnam’s business community has hit the grounds running in the new year. Official reports showed that 8,990 companies opened in January, up 8 percent from last…
Together Sabeco and Habeco, both controlled by the state, account for about 60 percent of the domestic market. The country’s biggest brewer Sabeco has reported a profit of VND4.6 trillion ($205 million) for last year, a 33 percent jump from 2015 and 27…
According to SDV’s plan, the firm will carry out the expansion for five years starting in 2018, bringing the sum to be invested in this project to $6.5 billion and making it the largest project invested in by the South Korean giant. “Government approval will…
In 2017, H&M will also open in Colombia, Iceland, Kazakhstan and Georgia. CEO Karl-Johan Persson confirmed the openings while announcing a 7 per cent increase in global sales for its financial year on November 30. Last year, H&M opened online stores in 11…
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