Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
State-owned Vietnam Railways Corporation racked up after-tax losses of VND30 billion (nearly $1.3 million) in H1, down from losses of VND100 billion in the same period last year. The corporation said it would suffer after-tax losses of VND570 billion in 2022,…
Asia’s low-fare carrier, AirAsia, is reportedly offering five million free seats to its passengers to celebrate its rapid comeback. The airlines launched a sale on tickets on September 19. The customers can buy tickets with offers till September 25. The…
Vietnam-based coffee chain Trung Nguyen Legend is expanding its footprint in the international market opening its first store in China. The coffee shop, which is situated at 699 Nanjing Street in Shanghai, has been in the works since 2018 and intends to…
The U.S. dollar continued to strengthen and reached its historic high against Vietnamese currency Saturday. The State Bank of Vietnam (SBV) on Saturday morning set the reference rate for the Vietnamese dong at VND23,283, the same as Friday and VND50 higher…
Companies in Vietnam have hired 175,370 information technology staff this year, up 36.2% year-on-year, as the country’s tech sector continues to boom with rising investment, a report has found. Recruitment demand for IT staff is set to exceed 229,000 by 2023…
Delivery company Ahamove has partnered with automaker VinFast to launch AhaFast, the first delivery service in Vietnam to use only electric bikes. AhaFast began operation Thursday in Da Nang City with 100 electric Feliz S motorbikes provided by VinFast. The…
Vietnam was one of the 10 favorite destinations for Australian tourists in July, according to the Australian Bureau of Statistics. Over 18,500 visited Vietnam during the month, a 44% increase from the previous month. New Zealand topped the list of favorite…
More than 100 jars of rice wine distilled with pythons, large lizards, cobras and deer have been found at two condo apartments in Hanoi. The wine had been put up for sale at the two apartments in La Khe Ward of Hanoi’s Ha Dong District. The owners of the wine…
There is a big risk that cryptocurrencies will be used in Vietnam for laundering money since there is no legal framework to regulate them, a lawmaker has said. Vietnam is among the top countries globally in terms of cryptocurrency ownership but it does not…
Vietnam has set its reference rate for the Vietnamese dong at a record low as the greenback strengthens globally amid economic uncertainty. The State Bank of Vietnam (SBV) on Thursday set the reference rate for the Vietnamese dong at VND23,281, the weakest…
HVN of Vietnam Airlines would be delisted if the national carrier continues to report a loss or negative equity this year, the Ho Chi Minh Stock Exchange (HoSE) warned. The ticker is being restricted after Vietnam Airlines posted equity of negative VND2.16…
Gas stations in several southern localities have run out of supplies of petrol, diesel and other fuels and have stopped doing business. In Tinh Bien District, An Giang Province, six gas stations that get their supplies from Ho Chi Minh City-based Dai Dong…
“Vietnam has repeatedly proven its ability to climb up the value chain over the years, to the point where the country has grown into a key manufacturing hub for tech products within the electronics space,” CEO of HSBC Vietnam, Tim Evans said. Apple is…
Prices of gold bars branded SJC on Monday dropped VND250,000 ($10.67) to VND66.55 million per tael, the lowest in a month. Prices of gold bars of other brands like DOJI and Phu Quy dropped further, by VND300,000-350,000. Selling prices of gold rings also…
IPP Air Cargo, Vietnam’s first cargo airline, could start flying from November, with several partnerships already established, says its chairman Jonathan Hanh Nguyen. Nguyen said that the Government Office has ordered six related ministries for their feedback…
Vietnam’s seafood exports have been slowing down since July as inflation takes a toll on consumption in the U.S., E.U. and U.K. Exports to the U.S. declined by 30.5% year-on-year in July after inflation in that country hit a 41-year high the previous month,…
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