Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
The Ministry of Industry and Trade is drafting a decree on rice trade to limit the import of low-quality grain. The volume of low-grade rice imported from India has surged due to low vietnaprices and zero import tax under the ASEAN-India Free Trade Area,…
The U.S. dollar plunged against the Vietnamese dong Thursday to a near six-week low at Vietcombank. The state-owned lender sold it at VND24,680 at 10 a.m., down 0.48% from Wednesday to the lowest since October 22. DongABank let the dollar slide by 0.44% to…
The U.S. dollar plunges at commercial banks Wednesday morning, with Vietinbank selling it at VND24,785, down 0.26% from Tuesday. It dropped 0.20% to VND24,800 at Vietcombank, and 0.28% to VND24,770 at Eximbank. The State Bank of Vietnam set the reference rate…
Prices of gold bars branded SJC on Wednesday decreased 0.15% from the previous day to VND67.1 million ($2,722.11) per tael. But gold ring prices went up 0.28% to VND54.15 million per tael. A tael is equal to 37.5 grams or 1.2 ounces. Global spot gold was up…
We’ve closely monitored the events at Foxconn’s largest iPhone assembly facility in Zhangzhou, China. The factory reportedly produces half of the iPhone units made worldwide, and this year the plant is turning out iPhone 14 Pro and iPhone 14 Pro Max models.…
Online shopping and cooking platform Cooky has raised $4.5 million in a funding round led by Vietnam’s Do Ventures, South Korea’s Nextrans. The funding will be used for research and development to create more nutritious recipes at a better cost, said Cooky’s…
Vietnam Electricity (EVN) posted losses of VND15.758 trillion ($635.4 million) between January and October, with higher fuel prices a major contributing factor. EVN said fluctuations in the world prices of coal, oil, and gas since the beginning of this year…
Pomelo became the seventh Vietnamese fruit to be officially exported to the U.S. Monday with the first 100 tons being transported from the southern province of Ben Tre. The batch is split into six containers. Four of them will be exported by air and two by…
The world’s largest container shipping line Maersk and U.S. express delivery company FedEx are seeking to enter Vietnam’s e-commerce logistics market. Ditlev Blicher, regional managing director for Asia-Pacific, A.P. Moller – Maersk (Maersk), was in the…
The world’s largest container shipping line Maersk and U.S. express delivery company FedEx are seeking to enter Vietnam’s e-commerce logistics market. Ditlev Blicher, regional managing director for Asia-Pacific, A.P. Moller – Maersk (Maersk), was in the…
Prices of gold bars branded SJC on Monday dropped 0.4% from the weekend to VND67.35 million ($2,716.82) per tael. Selling prices of gold rings remained unchanged, reaching VND54.05 million per tael. A tael is equal to 37.5 grams or 1.2 ounces. Globally, gold…
Vietnam’s seafood exports this year could reach $11 billion for the first time, spearheaded by shrimp, pangasius and tuna, according to the Vietnam Association of Seafood Exporters and Producers (VASEP). Truong Dinh Hoe, VASEP general secretary, said at a…
Six takeaways from the most-updated nationwide report reveal what IT professional salaries and expectations in 2022-2023 look like. Designed to address and understand the multifaceted IT job market with tons of “rosy myths” about salary and tasks, “Salary &…
Some banks have hiked deposit interest rates to 10-10.35% amid low liquidity in the system. NCB is paying the highest interest rate of 10.35% for 12-month deposits of VND1 billion (US$40,300) downwards made online. For six-month deposits, it is offering 10%.…
With the iPhone 14 series expensive and difficult to obtain, many Vietnamese consumers are turning to used models. Huy Quoc of Hanoi has been looking to buy a phone with about VND20 million ($800) in hand. Originally, he planned to buy an iPhone 14 or an…
With her company planning to cut its payroll from 300 to 20, Ngoc has a constant dread of being fired, and does not even dare take sick leave. “Everyone goes to work with a constant worry, not knowing who will be fired next,” she says. She returns home at 9…
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