Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
This was stated by Bui Chinh Nghia, deputy head of the Ministry of Agriculture and Rural Development’s (MARD) Forestry Department. Nghia said this would result in a cut of some 40,000 cu.m. of raw material this year. Ensuring timber supply for domestic…
From now to 2020, Mercedes Benz Vietnam plans to double its sales agent network, an important step for the luxury car manufacturer to cement its position in the Vietnamese market. Speaking to local mass media on December 3, Choi Duk Jun, CEO of Mercedes Benz…
Last year, e-commerce revenues increased to $5 billion, accounting for about three per cent of the total retail trade and services revenue. It has become an indispensable extension for businesses as a rapidly growing country with growing Internet connectivity…
Meanwhile, the managers at VP Bank receive twice as much as Vietcombank’s managers, about VND3.6 billion if the bank can fulfill the business plan. At ACB, the average level for key personnel is VND530 million a year. Vietnamese banks are more generous,…
Valuable wood that could be used by local carpenters is being shipped overseas. Many Vietnamese furniture makers are struggling to win large orders from global retailers due to a significant shortage of wood. It is estimated that local furniture firms use…
Treble fares and heavy traffic add up to the Tet holiday stress in Vietnam. The week before Vietnamese people ring in the Year of the Rooster has been the busiest time of the year for ride-sharing services. Due to the rising demand, GrabBike, a mobile hailing…
Small-sized banks are making great efforts to grow and avoid being merged or acquired, however, it is not easy, according to the Đầu tư chứng khoán (Securities Investment) newspaper. VietA Bank, for example, plans to promote retail sales and focus on…
Vietjet has become an instant hit among travelers by winning the “My Favorite New LCC Award” organized by the popular online travel platform, Flyagain.la. The newly launched Ho Chi Minh City and Hong Kong service last December has been very popular with…
At the end of the 1990s, franchise was still a strange concept to most people in Việt Nam. There were no opportunities to enjoy or even see the products and services of the world’s well-known brands in Việt Nam. KFC, McDonald, Starbucks and Lotteria were not…
The Việt Nam International Travel Mart (VITM) 2017 will take place from April 6-9 at the International Exhibition Centre in Hà Nội, the Việt Nam Tourism Association announced on Monday. Themed “Hà Nội– Vietnamese tourism’s destination,” VITM 2017 is expected…
The three telecommunication groups under direct management of the Information and Communications Ministry (MIC) will have to develop their equitisation plans in 2017, according to the Minister of Information and Communications, Trương Minh Tuấn. The three…
Despite facing difficulties, Việt Nam will strive to achieve rice exports of more than 5 million tonnes this year, the Việt Nam Food Association has said. Speaking at a meeting to review the VFA’s performance last year in HCM City on Monday, its secretary,…
HCM City’s People’s Committee had given Vingroup Joint Stock Company (Vingroup JSC) the go-ahead to invest in a sports and entertainment complex in District 2’s new Thủ Thiêm urban area. The complex would be located on 31.39 hectares, and the People’s…
Italian luxury fashion brand Dolce & Gabbana has opened its first Vietnam pop-up store at Rex Hotel, Ho Chi Minh City. Designed by Milan-based designers Giovanni Bressana, with red as the theme colour, the Dolce & Gabbana pop-up offers the label’s latest…
The Nội Bài Airport Services Company (NASCO) will list its 8.3 million shares on the Unlisted Public Company Market (UPCoM) under the code NAS, according to the Hà Nội Stock Exchange. NASCO, an affiliate of Vietnam Airlines, the country’s largest aviation…
Lan Anh, an accountant living in District 3, HCM City, is over-worked as the Lunar Year draws to a close. She has plenty of reports to finish and very little time to spare for shopping, even for the most traditional, must-have food items for Tết (Lunar New…
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