Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Minh Phu Seafood Corp., a leading shrimp exporter, reported consolidated after-tax profits of nearly VND840 billion (US$35.6 million) last year, up 27% from 2021 and its highest since 2015. Its revenues rose by 20% to VND16.43 trillion. According to the…
Thailand’s Central Retail Corporation has announced it will double the number of its Vietnam stores with its largest ever local investment of 50 billion baht (US$1.45 billion). The chain’s number of stores will jump to over 600 in 57 of 63 cities and…
Pacific Airlines, Bamboo Airways, and Vietravel Airlines are seeking new investors to help them overcome financial difficulties and speed up their post-pandemic recovery. Vietnam Airlines, which owns approximately 98% of Pacific Airlines’ shares, has been…
Experts said that Vietnam must develop national fruit product brands to increase added value and competitiveness in international markets. Although fruits bring in billions of U.S. dollars in export revenue annually, Vietnam has no well-established fruit…
Japanese seafood producer Yamanaka wants to partner with Vietnam agencies to raise oysters locally for both domestic and international markets. A feasibility research conducted by Yamanaka in the central province of Khanh Hoa since June last year, with the…
Low demand has driven iPhone 14 prices in Vietnam to the second lowest levels in the world after only the U.S. According to German data portal Statista, the price starts at US$799 in the U.S. while authorized Apple resellers in Vietnam sell it at VND19.7…
Foreign startups are eyeing Vietnam as one of their main markets thanks to the country’s large and young population, low costs and cheap and abundant labor force abundant. Vietnam has been among the top markets in terms of revenue for Singapore’s insurance…
Gasoline prices unexpectedly rose Monday by VND540-620 (US$2.3-2.6 cents) per liter, while oil products dropped by VND300-980 per liter. This is the fifth time retail fuel prices have been adjusted in only six weeks this year. The price of the Vietnam’s…
It is his mission to turn the Samsung R&D Centerin Hanoi into the Korean company’s top global research and development center, its Vietnam chief, Choi Joo Ho, has said. “The first mission is to expand its research activities and enhance expertise,” the head…
Vietnam Airlines and Vietjet incurred losses of VND10 trillion (US$423.7 million) and VND2.17 trillion last year mainly due to higher fuel prices and forex volatility. Vietnam Airlines reported consolidated revenues of VND71 trillion, higher than the combined…
Auto dealers are offering discounts of up to VND100 million ($4,243) to boost sales after the Lunar New Year shopping season is over. As many Vietnamese bought their new cars before the annual Tet holidays, which fell from January 20-26, dealerships are…
Rookie carrier Vietravel Airlines wants to gradually increase its charter capital nearly sixfold to VND7.64 trillion ($323.66 million) by 2025. The airline recently made this proposal to the government after two years of operating with a charter capital of…
Rice exports fell 17.4% year-on-year in January to US$203 million as global demand shrank. In volume terms, they declined by 20.9% to 400,000 tons, according to the Ministry of Agriculture and Rural Development. Global demand was lower since inventories…
Vietnam has raised its electricity price range by double-digits for the first time since 2017, paving the way for a hike in retail prices. The minimum electricity price was increased 13.7% to VND1,826.22 (7.8 U.S. cents) per kilowatt-hour beginning February…
Dragon fruit prices have tripled year-on-year in southern farms after China resumed border trading. Farmers in Tien Giang Province are selling red-fleshed dragon fruit at VND38,000 ($1.62) per kilogram and white-fleshed for VND32,000, up 10% from before the…
SJC gold price rose 0.15% to VND67.3 million ($2,859.27) per tael Tuesday morning. Gold ring price went up 0.18% to VND54.9 million per tael. A tael equals 37.5 grams or 1.2 ounces. Globally gold prices gained on Tuesday as the dollar pulled back slightly,…
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