Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Standard Chartered has reduced Vietnam’s GDP growth forecast for this year by 0.7 percentage points to 6.5%. In a release Thursday the British bank said it amended the forecast it had made in January of 7.2% growth after considering external factors more…
Gasoline and diesel prices in Vietnam fell for the third straight time Thursday afternoon. RON95 gasoline price dropped 5.91% to VND21,000 per liter, lowest since December 21. Biofuel E5 RON92 fell 6.07% to VND20,130. Diesel declined by 3.29% to VND17,650.…
The average monthly salary of Vietnamese pilots working for Vietnam Airlines was 41% lower than their foreign colleagues’ last year, a gap that caused many to quit. A recent report by the Ministry of Labor, Invalids and Social Affairs, which flagged this,…
At a building in Hanoi’s Cau Giay District on Wednesday evening, many queued up outside to register to buy an apartment at NHS Trung Van, a new social housing project that has been available since the end of March. The project is being built on a…
Bamboo Airways owes one of its directors, Le Thai Sam, almost VND7.73 trillion ($329.50 million) as of April 10, according to a meeting on Tuesday. Sam, who became a board member in July last year, will soon receive a 21.7% stake from FLC, which has been…
Vietnam accounted for 10% of semiconductor chip exports to the U.S. in the 12 months ending this February, ranking third after Malaysia and Taiwan. The Vietnam chip industry’s revenue from the U.S. market rose by 74.9% during the period, from $321.7 million…
Taxi firm Mai Linh Group reported its first profit of VND1 billion ($42,600) after four years in 2022. Its revenues surged by 57% to VND1.65 trillion on recovering demand for transportation after two years of Covid-19. It posted a loss of over VND270 billion…
Hanoi Metro, the operator of the capital’s first metro line, posted its first profit last year at nearly VND97 billion ($4.14 million). The profit was a turnaround from the VND37 billion loss recorded in 2021. The company saw revenues surge sevenfold to…
Customs authorities in Hai Phong City’s Dinh Vu Port are looking for the owner of a Rolls-Royce car that has remained unclaimed since being imported in July last year. According to the port customs sub-department, after no individuals or organizations came to…
Vietnam Airlines’ HVN shares will see trading restrictions from May 12 for failure to file its results in time. The carrier has been more than 30 days late in submitting its audited consolidated financial statements for 2022, the Ho Chi Minh Stock Exchange…
Minh Phu Seafood, one of the country’s biggest shrimp processors, reported a loss of VND95 billion ($4.1 million) in the first quarter, ending its seven-year profitability streak. Its revenues fell by half year-on-year to VND2.1 trillion. The gross profit…
National Citizen Commercial Bank plans to seek shareholders’ permission this month to sell 203 million shares, equivalent to a 11% stake, of Bamboo Airways. Property developer FLC pledged some of the shares as collateral for loans. FLC and its disgraced…
Techcombank has sold its building in Hanoi for VND1.7 trillion (US$72.49 million), making a profit of over VND730 billion. It had bought the building on 191 Ba Trieu Street in Hai Ba Trung District 10 years ago from conglomerate Vingroup, changed its name to…
Domestic coffee prices are at high levels, providing opportunities for Vietnam to maintain a coffee export revenue of over $4 billion this year. According to Mercantile Exchange of Vietnam (MXV), Robusta averaged $2,564 per tonne as of April 24 on ICE Futures…
Vietnam Airlines and Vietjet Air reported profits again in the first quarter of this year, while Bamboo Airways neared the break-even point, thanks to the Tet travel peak. Analysts said increased international flights due to Vietnam’s Lunar New Year holiday…
Café owner Liu Houjun gained a little online fame with his unique coffee brewing bravura. Formerly the director of a listed company, the coffee lover, in his 50s, decided to quit his job and open a coffee shop to develop innovative blends. “Different regions…
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