Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
People in China have been turning to gold despite rising prices as the precious metal is deemed the best safe haven asset amid economic uncertainties and a crisis-hit property sector. Prices of the yellow metal have gained about 11% in the year to date,…
Vietnam’s benchmark VN-Index fell 0.40% to 1,274.77 points Monday. The index closed 5.14 points lower after dropping 21.60 points in the previous session. Trading on the Ho Chi Minh Stock Exchange decreased by 22% to VND22.990 trillion (US$903.2 million). The…
Gasoline prices rose slightly Thursday afternoon after hitting the lowest in nearly five months last week. The popular fuel RON95 went up 1.18% to VND22,230 per liter. Biofuel E5 RON92 rose 0.80% to VND21,310. Diesel increased by 1.13% to VND19,640.…
Rising jet leasing prices make Vietnamese airlines reluctant to expand their fleets since they fear their losses might then increase, Bamboo Airways CEO Luong Hoai Nam said. Airfares would only fall from the current high levels when airlines expand their…
Many factories in southern Vietnam are having trouble hiring workers since prospective candidates prefer jobs that require low commitment and offer flexibility. Vietnam Samho, a footwear supplier to Nike, has needed 1,500 workers in the last two months for…
State-owned Vietcombank has introduced an online registration system for gold bar purchases starting Wednesday. Customers can register to buy gold from 9 a.m. daily and collect their orders in the afternoon. Vietcombank said that it promises to keep all…
Advisers to the State Bank of Vietnam (SBV) have proposed taxing gold transactions to prevent speculation and price manipulation. “Taxing gold will reduce the demand of some buyers, especially those who buy to speculate and to manipulate price”, said Nguyen…
Samsung’s four factories in Vietnam made a combined profit of US$1.2 billion last quarter after losing $181 million in the fourth quarter of 2023. Samsung Thai Nguyen (SEVT), the Korean conglomerate’s best-performing plant in Vietnam, accounted for $707…
VinFast is recalling 2,097 electric vehicles to fix various technical issues. Some of the VF e34 and VF 5 Plus cars produced between September 2023 and April 2024 face the threat of bolts securing the upper cover of the high-voltage battery becoming loose,…
Thai industry insiders say the ongoing heatwave in Thailand might reduce durian production, allowing Vietnam to increase its supply to China. A heatwave in April and May reduced Thailand’s harvest, which normally commands higher prices than its Vietnamese…
Samsung plans to add about US$1 billion to its investment in Vietnam annually, Chief Financial Officer (CFO) of Samsung Electronics Park Hark-kyu said as he met with Prime Minister Pham Minh Chinh in Hanoi Thursday. PM Chinh applauded Samsung’s efforts and…
Hanoi apartment prices have risen by 38% from 2019 and prices have shot up even in buildings that are 5-10 years old, according to the Ministry of Construction. Many projects sell at over VND60 million ($2,367.80) per square meter, rising to even VND150…
Sacombank has assured that it will not lose the VND3.58 trillion (US$141 million) it has lent to Bamboo Airways, citing that the loans are secured by high-value assets. The loans used to be secured by its shares and assets of property developer FLC, its…
Taxi firm Vinasun’s profits plummeted by 58.5% to VND22 billion ($868,000) in the first quarter, a near two-year low, according to a company disclosure. The Ho Chi Minh City-based company said profits dropped because it had to spend money on “supporting…
U.S. company Apple had Southeast Asia’s highest number of suppliers in Vietnam last year and fourth highest globally. There were 35 suppliers as of the 2023 financial year (which ended on Sep. 30), according to the Supplier List announced by Apple recently.…
Vietnam IT giant FPT Corp will spend $200 million building an AI Factory that incorporates technology from U.S. chipmaker Nvidia. The factory, which will serve as a sovereign cloud, will not produce hardware but instead will focus on AI research and…
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