Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Automobile manufacturers and importers in Vietnam have protested a new proposal from the Ministry of Finance which seeks to change how luxury tax on cars is calculated. Under the ministry’s plan, the special consumption tax on all vehicles with fewer than 24…
Vietnam property developer Vingroup is constant to increase its retail enterprise, saying a 300-strong community of hybrid shops. The shops will take up giant footprints, initially within the firm’s fast-growing community of buying malls – cut up into 4…
Hamleys, the world well-known British toy store, is to open its first retailer in Vietnam. An 800 sqm retailer will open over two ranges of the newly constructed SC VivoCity shopping center in Ho Chi Minh Metropolis’s District 7, a well-liked enclave for…
Main Japanese electronics retailer Nojima Company has taken a cornerstone stake in Vietnamese electronics chain Tran Anh Digital World. The corporate says it has acquired 20.86 per cent and intends to take a 30 per cent holding for now. Tran Anh is predicated…
Retail gross sales and repair income within the first 5 months of the yr totalled VND1,305 trillion (US$60.67 billion), based on the Common Statistics Workplace (GSO). The determine represents a 9.1 per cent improve on the yr, the GSO stated, including that…
Moist markets and conventional shops stay the popular retail channels for Vietnamese consumers, although they’re beneath menace as shoppers shift away, based on a Nielsen report launched on Wednesday. The 2 have seen a decline in gross sales of 5 per cent and…
Shopper confidence in Asia-Pacific elevated in 9 of 14 markets within the first quarter of 2015, in comparison with solely three that rose within the fourth-quarter 2014, in accordance with the Nielsen International Survey of Shopper Confidence and Spending…
Whether or not they’re searching on-line or shopping for in-store buyers have extra selection than ever, forcing retailers and malls to get artistic to draw their consideration. With the area’s center class predicted to double to 1.32 billion by 2020, Asian…
The buyer confidence index in Viet Nam elevated by six factors to 112 factors over the past quarter, in response to Nielsen’s reort for the primary quarter of 2015 launched on Might 20. This was the third third consecutive improve and the nation’s highest…
The total sales volume of flat panel TV continues to slow in six key Southeast Asian markets monitored by research house GfK. But consumer demand for ultra-high definition (UHD) models has spiked exponentially in the past year to help fuel the strong growth…
Listed division retailer operator Parkson Retail Asia has reported a 5.5 per cent year-on-year improve in internet revenue for the third quarter. Within the three months to March 31, Parkson posted a revenue of S$7.98 million. The corporate attributed the…
Whereas Ho Chi Minh Metropolis hogs the limelight in Vietnam’s financial growth, additional north the nation’s third largest metropolis is nicely on its method to its objective of turning into ‘the Singapore of Vietnam’. Over the previous 5 years, Da Nang…
One-third of the Vietnamese shoppers (34 per cent) love purchasing at hypermarkets, supermarkets, and different trendy channels, based on the newest Way forward for Grocery Report ready by Nielsen. The report is predicated on a web-based survey of greater…
Alibaba’s Tmall Global is to launching a prepaid duty-free service for Chinese travellers going abroad in the hopes of boosting international eCommerce opportunities. Under the World Duty Free service, Chinese travellers can buy prepaid cards online before…
German multinational retailer Metro’s Vietnamese woes continue with a fine of almost US$3 million issued this week for tax evasion. Metro has for months being trying to offload its trouble Metro Vietnam subsidiary, initially via a sale to Thai business Berlei…
The rapidly rising ranks of Vietnam’s uber-rich are fueling growing demand for luxury goods in the fast-growing economy. The number of ultra high net worth individuals (UHNWI) in Vietnam is predicted to double to 300 by 2024, according to the Knight Frank…
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