Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietnam Airlines has expanded its Tet schedule for a fourth time with 108 additional flights with 20,000 seats. The airline said most of the flights are from HCMC and Hanoi to Vinh, Thanh Hoa, Hai Phong, Da Nang, and Hue. In all there will 9,200 flights with…
Hanoians are struggling to book ride-hailing and delivery services during the runup to Tet (Lunar New Year holidays). Hoang Viet of Nam Tu Liem District had an interminable wait before he could get a motorbike on a ride-hailing app on January 15 evening. He…
SJC gold prices gained 0.15% to VND67.3 million ($2,871.46) per tael Tuesday morning. Gold ring prices went up 0.18% to VND55.45 million per tael. A tael equals 37.5 grams or 1.2 ounces. Global gold prices inched lower on Tuesday, weighed by an uptick in the…
Vietnam’s growing capacity to make complex tech products is attracting more foreign investors who are setting up factories. Apple supplier BOE Technology Group plans to invest US$400 million to build two factories in Vietnam, Reuters reported recently. The…
SJC gold price gained 0.30% to VND67.2 million ($2,866.89) per tael Monday morning. Gold ring price went up 0.54% to VND55.35 million per tael. A tael equals 37.5 grams or 1.2 ounces. Global spot gold held at $1,918.60 per ounce, near nine-month highs, aided…
Kien Long Commercial Joint Stock Bank has postponed its listing on the Ho Chi Minh City Stock Exchange (HoSE), citing unfavorable market conditions. The bank approved a resolution to withdraw its application to list on Friday, also citing “shareholder…
Diesel dropped 2.3% to VND21,630 ($0.92) per liter while gasoline prices remained unchanged Wednesday afternoon. Kerosene fell 4.2% to VND21,800 per liter. Mazut decreased by 2.8% to VND13,360 per kilogram. Global gasoline and oil prices gained 0.5-6.6%…
The monthly income of people in jobs averaged VND6.7 million (US$283.8) last year, up 16%, from 2021, the General Statistics Office said Tuesday. Incomes rose in all sectors as growth was broad-based. The biggest rise, of 17.6% and equivalent to more than…
Coca-Cola Vietnam set a world record for the largest Vietnamese Tet meal table with the participation of 1,000 multi-generation families in Ho Chi Minh City on January 8. The meal was recognized as a record-setting event by the World Records Union…
Priceline Pharmacy will receive commissions from the sale of insurance products to the 3.9 million members of its customer loyalty program. The loyalty program, Sister Club, is one of Australia’s largest, providing rewards for money spent in Priceline’s…
Telecom giant MobiFone reported a decline in profits and revenues in 2022, and said they fell short of targets. At a review meeting on January 5 the company said revenues fell to VND28.329 trillion (US$1.18 billion), and profits to VND2.71trillion. They had…
Bamboo Airways has announced the founding of Bamboo Airways Cargo in an effort to develop a larger network of affiliates in Vietnam’s sparse aviation ecosystem. Hanoi-based Bamboo Airways Joint Stock Company (BAC) is launching with a charter capital of VND20…
Vietnamese garment and textile producers were overwhelmed with export orders in the first half of 2022, but things unraveled in spectacular fashion after mid-year as the global economy slumped. “2022 was an unprecedented year,” Le Tien Truong, chairman of the…
SJC gold price dropped 0.15% to VND67.2 million per tael Thursday morning. Gold ring price gained 0.28% to VND54.35 million per tael. A tael equals 37.5 grams or 1.2 ounces. Global spot gold was up 0.1% at $1,856.11 per ounce, aided by a softer dollar, while…
Military-owned telecommunications giant Viettel Group earned pre-tax profits of VND43.1 trillion ($1.8 billion) in 2022, the highest growth recorded since 2017. The profits rose 3% from 2021. The group’s consolidated revenues increased by 6.1% to VND163…
SJC gold prices gained 0.3% to VND67.2 million per tael Tuesday afternoon. Gold ring prices shot up 0.8% to VND54.3 million per tael. A tael equals 37.5 grams or 1.2 ounces. Global spot gold was up 1.2% at $1,846.08 per ounce jumped more than 1% to a…
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