Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Cash as a mode of payment has declined in the country by 2 per cent in the past six years, from 14.02 per cent in 2010 to the current 12 per cent. As per the State Bank of Việt Nam’s report released this week, the country currently has around 67.4 million…
The Ministry of Industry and Trade (MoIT) has not yet decided to adjust power tariffs this year and has been calculating basic prices, the ministry yesterday announced at an electricity production cost conference in Hà Nội. The ministry said that EVN is…
Seafood exports are expected to increase by 5 per cent this year to around US$7.5 billion despite many possible hurdles, according to the Việt Nam Association of Seafood Producers and Exporters (Vasep). Speaking at a review meeting held in HCM City on…
Microsoft and FPT last week signed an Enterprise Agreement focusing on digital transformations and cloud deployments. The agreement tightens the long-term strategic partnership that has been in place for almost 20 years between the two leading IT…
Nguyễn Thanh Trúc in District 1 has just paid her monthly electricity bills via internet banking. “I have used the service for more than one year. This is a very convenient service and helps me save time from going to electricity bill collection points,” she…
French company Alstom has signed a $340 million contract to provide 10 modern train sets and build 12 stations. Hanoi Metropolitan Railway Management Board has signed a $340 million contract with French company Alstom for a metro system. Under the contract,…
Hanoi is considering limiting individuals to one car and one license plate to ease pressure on its roads due to the continuing rise of newly-registered vehicles. Colonel Dao Vinh Thang, the chief of the Hanoi traffic police force, made the proposal at a…
After closing some of its department stores in Hanoi within a two-year period, Parkson, a retail giant from Malaysia, has officially decided to leave the capital. Parkson Viet Tower on Thai Ha street will close on December 15. Meanwhile, Vincom, just opened…
The country is focusing more on improving its workers’ skills to meet high demands from developed markets. Vietnam plans to send workers to Australia, Laos and Thailand for the first time this year in a bid to expand and improve its overseas labor force.…
This Month Vietjet has launched its 5th route to Taiwan connecting Ho Chi Minh City with Taichung (Taiwan), becoming the airline with the most routes between Vietnam and Taiwan. The new service is to meet the increasing travel demand of individuals, tourists…
Citizens over 21 years old with a monthly income of at least $445 will be allowed to enter local casinos from mid-March. Betters in gambling-mad Vietnam will soon be allowed to stake their fortune in some casinos across the country, the government said…
The plan will allow Tan Son Nhat to handle 45 million passengers annually. Vietnam’s Deputy Prime Minister Trinh Dinh Dung has agreed with a proposal to invest around $860 million to upgrade the congested Tan Son Nhat International Airport in Ho Chi Minh…
HoSE has announced that it received full registration documents from Vietjet Air on January 16. The airline would conduct an initial public offering (IPO) worth $200 million at the end of 2016 with 44.7 million shares on offer at an IPO. The 44.7 million…
Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) announced it successfully issued non-convertible five-year bonds worth VNĐ2 trillion (US$88.1 million) at annual interest rate of 5.8 per cent. Compared with the interest rates of other…
Consumers in HCM City can now use a smartphone app to trace the origin of vegetables sold at Co.opmart, Lotte Mart, Big C and AEON supermarkets under a programme run by the city Department of Agriculture and Rural Development and the Digital Agriculture…
The online retail market is considered very attractive with 9 out of 10 Vietnamese consumers having smartphones as shown by a Nielsen report. Meanwhile, Trang Bui from JLL Vietnam commented that the number of credit card holders is increasing, which is a…
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