Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Many retail chains opened new stores this year even as retail sales of consumer goods and services saw a year-on-year rise of 20.5% in the first 11 months. Despite weakening external factors, continued domestic demand brought some relief, according to a…
Vietnam’s foreign trade is set to exceed US$700 billion this year, the highest ever, the customs department said. It has risen steadily from $500 billion in 2020 and $600 billion last year. In the first 11 months exports rose bviy 13.4% from a year earlier to…
Vietnam Electricity wants power prices to be managed in the same way as fuel by taking into account the changing costs of production and not fixed at certain levels. Input costs surged to high this year, with oil and gas prices rising by double-digits and…
Stocks of Vietnam Airlines, Vietjet and other companies in the aviation industries have surged as the resumption of flights to China amid its relaxed Covid-19 policy boosted investors’ sentiment. HVN of state-owned Vietnam Airlines closed last week at a…
The U.S. dollar continued to depreciate against the dong on the black market Monday. It plunged 0.86% to VND24,220 at unofficial exchange points. The greenback fell 0.19% to VND23,825 at TPBank, and dropped 0.32% to VND23,713 at Vietinbank. Eximbank sold the…
Roughly one year ago, when the Covid pandemic hard hit southern factories, Trinh and many other garment workers in the southern province of Binh Duong covered a distance of nearly 2,000 km to return to their hometown, the central province of Thanh Hoa. After…
SJC gold prices fell 0.15% to VND67 million ($2,805.70) per tael Thursday morning. Gold ring prices gained 0.19% to VND54 million. A tael equals 37.5 grams or 1.2 ounces. Gold prices were little changed in early Asian trade on Thursday, after bullion jumped…
Vietnam’s electric-vehicle maker VinFast said on Tuesday it has filed for an initial public offering (IPO) in the United States to list on the Nasdaq under ticker symbol “VFS” to fund its expansion with a planned plant in North Carolina. VinFast, which began…
Smartphone exports fell nearly 10% in volume and 7.4% in value in November after the country’s largest manufacturer, Samsung Vietnam, lowered production the second time this year. According to the General Statistics Office, Vietnam produced 20.6 million…
South Korean electronics giant LG will invest US$4 billion in Vietnam as it seeks to make the country a future smartphone manufacturing hub. Its chief operating officer Kwon Bong-seok made this commitment at a meeting with visiting Vietnamese President Nguyen…
Vietnamese garment and seafood exports to Canada have surged 50% year-on-year, totaling values of $1.1 billion and $334 million, respectively. As the two categories saw the most significant increases in exports to Canada of the last three years, other…
Consumer goods, including vegetables and seafood, have seen prices surge by double digits in the last month. Oanh in Ho Chi Minh City’s District 1 said prices have risen in recent weeks at a traditional market she often shops at. “The price of snakehead fish…
Local IPP Air Cargo has axed plans to become Vietnam’s first cargo airline, but Germany’s Lufthansa Cargo has expanded operations. In late October, IPP Air Cargo canceled its application to launch what would have been the nation’s first cargo airline.…
Unilever has started a range of programs and initiatives for a net zero value chain by 2039, contributing to Vietnam government’s net zero carbon emissions vision by 2050. In 2021, Unilever published its Climate Transition Action Plan, an ambitious and…
Vietnam ranks fourth in Southeast Asia in auto production in the first 10 months at 362,000 units, up 16.4% year-on-year, according to the General Statistics Office. Thailand leads the region with nearly 1.6 million units made in the period, followed by…
Vietnamese agriculture, forestry and fishery exports climbed to a new record of over $49 billion in value through November this year, an 11.8% hike year-on-year. As Vietnam’s largest foreign agriculture market, the U.S. accounted for $12.3 billion in…
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