Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietnam and the U.S. should further promote the Comprehensive Strategic Partnership more effectively and substantively, focusing on economic cooperation, said Prime Minister Pham Minh Chinh. The PM made the statement at a reception in Hanoi on Wednesday for…
Nguyen Minh Hai, who was the CEO of Bamboo Airways for two months earlier this year, has been appointed new CEO of Vietravel Airlines. He replaced Vu Duc Bien, who has been running the company since its foundation in 2020. Bien quit for personal reasons. Hai…
Shrimp exports to the U.S. in September increased 23% compared to the same period last year, marking the third consecutive month of positive growth. The 23% growth in September was also the highest compared to the previous two months, according to the Vietnam…
Vietnam’s rice price continues to rise as the harvest season ends, creating a shortage of supply. Vietnam’s 5% broken rice is now at $623 per ton, 7% higher than that of Thailand and 10.7% higher than that of Pakistan. The domestic paddy price has also been…
Diminishing exports to China’s massive market has Vietnamese ornate rock lobsters selling for VND1-1.3 million (US$42-54) a kilogram, half the price of two months ago. According to lobster harvesters in the central province of Khanh Hoa, prices are at the…
Pangasius exports to China in the first eight months of this year fell 28%to US$406 million, according to the Vietnam Association of Seafood Exporters and Producers. Since September Chinese demand for the fish has not increased much even as it has stepped up…
Thien Phuc International Hotel Company, which owns the four-star Novotel Saigon Centre Hotel in HCMC, has reported its biggest ever half-yearly loss of VND369.6 billion (US$15.4 million). The loss for the year’s first half was 50% higher year-on-year,…
GSM, an exclusively all-electric taxi company owned by Vietnam’s richest man Pham Nhat Vuong, plans to open services in Laos this year. The company, which uses only VinFast electric vehicles, aims to ship 150 electric cars to Laos first, and then increase the…
Vietnam exported less fruit to China as the northern neighbor increased dragon fruit cultivation and allowed official import of passion fruit from Laos and longan from Cambodia. Data from Vietnam Customs showed dragon fruit exports to China totaled US$442…
China is expanding the cultivation of red-fleshed dragon fruit, which sells at lower prices than imports from Vietnam. Last year, it said it grew the fruit on 67,000 hectares and produced 1.6 million tons, which exceeded Vietnam’s output. The People’s Daily…
Sales of the newly released iPhone model surpassed the VND1-trillion (US$42 million) mark for a second year in a row, despite the economic downturn. The iPhone 15 came to Vietnam on Sept. 29, the first time the country was included in Apple’s second round of…
Vietnam’s industry ministry has launched an investigation that could lead to anti-dumping duties on wind towers originally from China, following a complaint by domestic producers, the government said on Saturday. Producers in Vietnam have claimed that dumping…
F&B unicorn Kopi Kenangan, known as Kenangan Coffee outside Indonesia, has expanded its footprint into Singapore, opening its first store at Raffles City Shopping Centre. The Singapore expansion follows Kenangan Coffee’s international debut last year in…
Luxury fashion house Maison Kitsune has opened its first physical presence in Vietnam in conjunction with local distributor Tam Son International. The store, located on Trang Tien, one of Hanoi’s busiest streets, combines French and Japanese influences, as…
After restructuring its flight network, Bamboo Airways has said it will also reduce the number of aircraft to lower costs. An executive at the airline said the restructuring in the past two months included discontinuing unprofitable routes. The airline has…
Vietnam Electricity (EVN) is seeking approval from the government to speed up the import of electricity from Laos since shortages are forecast in the northern region. It plans to import electricity equivalent to 225 MW from the Nam Mo and Houay Koauan…
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