Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Samsung considers Vietnam a global manufacturing hub and wants to make it a center of research and innovation, the South Korean giant’s CFO, Park Hark Kyu, has said. In a meeting with Prime Minister Pham Minh Chinh Thursday, he said he highly regarded…
MindX, a startup that offers training in technology and programming, has received a US$15 million investment from a group of international funds in the Series B round. The funding round was led by Singaporean fund Kaizenvest, which has invested in many famous…
Tuna exports to the U.K. tripled year-on-year in the first two months even as shipments to some main markets like the U.S. and E.U. plunged. Exports to the U.K. were worth US$1.3 million, enabled by a 13-fold rise in February, according to the Vietnam…
President Vo Van Thuong has asked the Vietnamese community in Laos to set its sights on long-term sustainable business growth even though weathering current short-term difficulties will be complicated. During Tuesday’s meeting with the Vietnamese community in…
Shareholders of Bamboo Airways, at an extraordinary general meeting on Monday, rejected plans for a private placement of shares to increase charter capital. The proposal for a VND9.57-trillion ($405.5 million) issue to increase the capital to VND28 trillion,…
Thanh Cong Group (TC Group) on April 11 announced its sales results for March with over 5,770 Hyundai automobiles sold in Vietnam last month, up 5.5% over February. Hyundai Accent continues to be the best-seller model in March with 1,355 units delivered to…
Vietnam exported 1.7 million tonnes of rice in Q1 worth over $900 million, a 19% increase in quantity and 30% rise in value over the same period last year, according to Vietnam Customs. According to the Ministry of Industry and Trade (MoIT), Vietnamese rice…
Nguyen Thi Phuong Thao, Vietnam’s only female billionaire, has become the chairwoman of budget airline Vietjet. Dinh Viet Phuong, who has been with the company since its establishment in 2007, moved up to CEO. Thao, who replaced Nguyen Thanh Ha as chairwoman…
Sixteen potential buyers have registered to purchase a combined 213 million shares of PGBank, almost twice the number its biggest shareholder is selling. The buyers, comprised of nine individuals and seven domestic organizations, have signed up to participate…
Vietnam will begin to conduct an inspection of TikTok next month to deal with harmful content and false information. Le Quang Tu Do, head of the Department of Radio, Television and Electronic Information under the Ministry of Information and Communications,…
SJC gold price rose 0.07% to VND67.1 million ($2,858.97) per tael Tuesday morning. Gold ring price went up 0.36% to VND56.1 million per tael. Globally gold prices edged lower on Tuesday as traders assessed the likely path of the Federal Reserve’s monetary…
Gasoline prices rose slightly on Monday after falling to their lowest in 2 months on March 21. RON95 went up 0.39% to VND23,120 ($0.98) per liter. E5 RON92 increased by 0.28% to VND22,080. Diesel stopped its downward trend with a 0.67% rise to VND19,430.…
Seedcom, which owns The Coffee House and fashion store chain June, has reported a 14.5% increase in losses to VND270 billion ($11.5 million) last year. However, revenues rose by 60% thanks to increasing contributions by its fashion and supermarket chains,…
Vietnam’s rice export value rose 30.2% in the first quarter despite export volume falling 19.2%. According to a Ministry of Agriculture and Rural Development report, the country shipped 1.79 million tons of rice worth $952 million abroad in the period. The…
Vietnamese cell phone users have been receiving a spate of sexual messages from strangers in recent times that also ask them to click on links. The messages that came from handles such as “Lam tinh” (Making love), “Gai goi” (Call girl) and “Tim ban tinh”…
According to the Vietnam Trade Office in Belgium, the European Union (EU) is considering a proposal to reduce food safety control measures on instant noodles imported from Vietnam. Since February last year, 20% of Vietnamese instant noodle shipments exported…
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