Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
The U.S. dollar slipped slightly against the Vietnamese dong on the black market this past Saturday, presenting a modest change in the currency landscape. Black Market Dynamics Unofficial exchange points listed the dollar at VND26,395, marking a slight…
At the sidelines of the APEC Summit in Manila in November of 2015, Foreign Affairs Secretary Albert del Rosario and Vietnam Deputy Prime Minister and Minister of Foreign Affairs Pham Binh Minh signed the strategic partnership agreement on behalf of their…
Leading steelmaker Hoa Phat lost VND1.79 trillion ($73 million) in the third quarter, its first quarterly loss in 13 years. It reported revenues of VND34.44 trillion in the quarter, down 12% from the same period last year and 8% from the previous quarter. Its…
The recent report from the U.S. Soybean Export Council reveals that Vietnam is poised for remarkable growth, positioning itself as the world’s sixth largest pork producer and the fourth largest aquaculture producer. This thriving agricultural landscape is…
According to the Ministry of Agriculture and Rural Development, Vietnam exported 2.8 million tonnes of rice valued USD1.2bn in the first six months of 2017. Both the volume and value increased by 6.3% and 4.9% respectively compared to last year. However,…
SJC gold price fell 0.22% to VND68.8 million ($2,815.92) per tael Tuesday morning. Gold ring price dropped 0.09% to VND57.75 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally, spot gold slipped 0.1% to $1,914.61 per ounce, while U.S. gold…
Vietnam targets its export revenues of $300 billion next year despite concerns over trade deficits amid a global economic slump. The target, announced by Prime Minister Nguyen Xuan Phuc at an online meeting with leaders of cities and provinces on Monday,…
Vietnam’s gold prices hit a four-month high Wednesday aided by a weaker dollar, with investors expecting further stimuli in U.S. policies. The state-owned Saigon Jewelry Company was selling its popular SJC gold at VND57.2 million ($2,484.62) per tael, up 0.17…
Vietnam has signed a deal with Laos to import around 20 million tons of coal a year for the next five years. The memorandum of understanding was signed for the purpose Thursday by the Vietnamese Ministry of Industry and Trade and the Lao Ministry of Energy…
Gold prices in Vietnam experienced a rebound on Monday afternoon, recovering somewhat from a sharp decline over the weekend, while global bullion rates remained stable. Gold Prices on the Rise The price of gold bars from the Saigon Jewelry Company increased…
Foreign investors have been pouring billions of dollars into the e-commerce market, seeking to change shopping habits in Vietnam and eventually profit from a likely online boom. Since the pandemic began, Tran Thi Linh in Hanoi has picked up a new habit of…
Budget carrier Vietjet Air plans to sell a 15 percent stake in a private placement. It plans to sell 81 million shares at the average price of at least the last 10 sessions on the stock market but has not disclosed the timing or buyer’s identity. As of…
Vietnam’s north-south high-speed railway is expected to cost $58 billion, according to a feasibility report released at a meeting Tuesday. The 1,545-kilometer route from Hanoi to Ho Chi Minh City will have double standard-gauge tracks of 1.435-m width and 23…
Vietnam gold bar price rose 0.59% to VND85 million (US$3,421.22) per tael Monday morning while global rates inched down. Gold ring price held firm at VND83 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally, gold prices eased on Monday,…
Top taxi firm Vinasun and ride hailing firm Grab have told the court that they’ll negotiate a compensation dispute. The People’s Court of Ho Chi Minh City on Friday approved the litigants’ wish to ‘sit together,’ and temporarily suspended the trial. The…
On June 12, in a vibrant celebration coinciding with Russia Day, WinCommerce unveiled its latest venture—Russia Corner—at the WinMart Royal City in Hanoi. This dynamic space is the brainchild of WinCommerce, the operators behind the WinMart and WinMart+…
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