Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Starbucks plans to open its 100th store in Vietnam in the second quarter of this year, a decade after first coming to the country, and keep expanding further. The U.S. chain now has 87 outlets in seven localities, 50 of them in Ho Chi Minh City. It has over…
Several Vietnamese fruits have found their way to major markets in China and the U.S. in 2022, opening up the door for Vietnam to send more high-quality produce overseas. After four years of negotiation, Vietnam finally exported its first batch of fresh…
The number of house and apartment transactions in the north and the south in 2022 fell to the lowest level in 5 years, according to report by real estate agencies. The report said that the apartment market in Ho Chi Minh City and in some southern provinces…
Vietnamese vendors have sold nearly 10 million products on Amazon this year, totaling an export value over 45% more than 2021, according to a report by the American e-commerce giant. During the pandemic, there were “thousands” of Vietnamese vendors on Amazon,…
Vietnam consumes nearly 50 tons of gold jewelry each year, with 80% absorbed by HCMC, according to the Saigon Jewelry Association (SJA). The country imported more than 1,000 tons of gold in the 1991-2012 period. Businesses have not been allowed to import raw…
Vietnam recorded year-on-year growth of 3.15% in the 2022 consumer price index (CPI) while core inflation increased 2.59%, the General Statistics Office (GSO) said on December 29. The Vietnamese economy has recovered in 2022. Surging production demand to…
The local steel market continued to be gloomy, with reductions in production and consumption in the past 11 months, a report published by the Vietnam Steel Association (VSA) this week revealed. Finished steel production saw a yearly decline of 11.3% to 27.12…
The US$220-million Samsung R&D Center in Hanoi, the Korean conglomerate’s biggest research facility in Southeast Asia, was inaugurated Friday. The company said at the opening ceremony, with the new facility, Vietnam has now gone beyond its role as a global…
The volume of Vietnam’s pepper exports to important markets has decreased this year, but the country has retained its top spot in the global rankings, heard a conference held in Ho Chi Minh City on December 21. The Vietnam Pepper Association Chairwoman Hoang…
Vietnam is an unlikely home of the next Elon Musk. That’s why Le Thi Thu Thuy is one person to watch in 2023. The 48-year-old is at the wheel of VinFast, a money-losing electric-vehicle maker racing the U.S. entrepreneur’s Tesla on Western roads. It’s a…
Gasoline prices plunged to the lowest since June 2021, with RON95 dropping 2.36% to VND20,700 ($0.87) per liter. E5 RON92 fell 1.82% to VND19,970. Diesel dropped 0.32% to VND21,600. Gasoline prices have fallen four times in a row since mid-November. They are…
India, Vietnam and Brazil could account for as much as 30% of Apple supplier’s Foxconn production in upcoming years as Apple seeks to diversify its supply chain out of China. Key electronics manufacturers are moving faster to diversify their capacity…
SJC gold prices went up 0.22% to VND67.15 million per tael Tueday. Gold ring prices fell 0.09% to VND53.95 million. A tael equals 37.5 grams or 1.2 ounces. Global spot gold increased by 0.3% at $1,791.91 per ounce as the dollar dipped, although lingering…
SJC gold prices 0.3% to VND67 million ($2,841.39) per tael Friday morning. But gold ring prices declined by 0.37% to VND53.7 million per tael. A tael equals 37.5 grams or 1.2 ounces. Global gold prices inched up but were bound for a weekly loss as the U.S.…
Forty-two foreign suppliers, including Facebook, Google and TikTok, have paid VND3.44 trillion ($146.40 million) in taxes to Vietnam this year, according to the new portal of the General Department of Taxation. The portal was established in March to make it…
Vietnamese company Gilimex Inc. is suing e-commerce giant Amazon for $280 million for allegedly cutting back on orders, leaving it with an excess inventory. Gilimex, a manufacturer of textile and other products based in Ho Chi Minh City, said in a filling in…
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