Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietnamese electric motorbike startup Dat Bike has secured $8 million in a funding round, bringing the total since its establishment to $16.5 million. The round was led by returning investor, Singapore-based Jungle Ventures, with participation from GSR…
Marked ingots of 99.99 percent pure gold are placed in a cart at the Krastsvetmet non-ferrous metals plant in the Siberian city of Krasnoyarsk, Russia March 10, 2022. Gold prices rose as soon as the U.S. Federal Reserve announced that it may slow the pace of…
On Thursday, the U.S. dollar has weakened against the Vietnamese dong at both banks and unofficial exchange points. Vietcombank sold the greenback 0.004% lower at VND24,854. TPBank let the dollar slide 0.004% to VND24,854. Techcombank sold it at VND24,852,…
Mercedes is recalling 966 cars in Vietnam due to fire risks related to electrical short circuits in the trunk control modules and faulty trim bars on rear doors. The recall covers three models – C300, GLE, and GLS imported via official channels in Vietnam. Of…
VinFast had shipped its first batch of 999 cars to the U.S., capping a five-year bid to develop an auto production hub in Vietnam for markets in North America and Europe. The company said that the first cars are expected to be handed over to customers by the…
Thai farmers who’ve enjoyed a virtual monopoly in exporting fresh durian to China are worried about Vietnam entering the fray because the latter’s proximity to the importer generates several advantages. When Vietnam’s first batch of fresh durian was exported…
Vietnam’s gold consumption reached 45.6 tons the first nine months of 2022, compared to 45 tons during the same period in the pre-pandemic year of 2019. In Q3, the country’s gold demand more than tripled to 12 tons from 3.3 tons a year earlier. Bullion and…
Vietnam’s RON95 gasoline price dropped 0.34% to VND23,780 ($0.96) per liter after rising in the last four adjustments. E5 RON92 price fell 0.18% to VND22,670. Diesel dropped 0.72% to VND24,800. The Ministry of Finance has acknowledged an updated…
Apple has shipped more iPhone 14 Pro and iPhone 14 Pro Max phones to Vietnam, easing a supply shortage that has lasted a month or so. Local distributors said they received iPhone 14 shipments in the middle of the week, the latest model many Vietnamese…
Hyundai Motor has inaugurated its second plant in Vietnam with a capacity of 100,000 automobiles per year. Covering an area of over 50 hectares in the northern Ninh Binh Province, the new plant will turn out eco-friendly and fuel-saving vehicles, said Thanh…
The current partial shortage of gasoline and oil has been caused by wholesalers not importing sufficient amounts, says said Deputy Minister of Industry and Trade Do Thang Hai. Commissions for retailers being cut amidst fluctuating world prices is also a…
The Hanoi Department of Transportation has proposed to the municipal People’s Committee that a public bike service be launched in the capital city for a 12-month trial period. Under the proposal, private firm Tri Nam will provide 1,000 bikes, 50% of them…
Google launched its e-wallets in Vietnam Tuesday, allowing people to use them with Visa credit and debit cards issued by certain banks. Google Wallet would allow Android users to add Visa credit and debit cards to their phones for payment, replacing physical…
Vietnam has been removed from the currency monitoring list by the U.S. Treasury Department. The U.S. Treasury Department remained satisfied with progress made by the Asian country in addressing U.S. concerns about its currency practices, it said in a…
Three months after leaving Bamboo Airways, Dang Tat Thang has taken over as vice chairman and deputy CEO of conglomerate TNG Holdings. Thang will manage the external affairs of TNG Group and its various subsidiaries, and directly manage TNS and TNH, which…
Customers have been waiting for a month for delivery of iPhone’s latest models, the 14 Pro and 14 Pro Max, due to high demand and low supply, retailers said. Apple said on its website on November 7 (Vietnam time): “We continue to see strong demand for iPhone…
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