Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
One of the world’s leading aircraft manufacturers, Boeing, says it wants to develop its supply chain Vietnam by making more domestic businesses its suppliers. At the Boeing Aerospace Industry Forum held in Hanoi Thursday, Michael Nguyen, general director of…
Taiwan has returned 1.44 tons of Vietnam’s Omachi instant noodles saying they contain high levels of carcinogenic ethylene oxide. The Taiwan Food and Drug Administration has determined that the batch of noodles, imported by Chinese company Qianyu, contains…
Import pork prices have fallen to a record low at half their domestic equivalents due to modest demand at restaurants and hotels. Import pork prices have fallen by 36-40% year-on-year with ribs costing around VND88,000 ($3.76) per kilogram, half the domestic…
Major listed seafood exporter Minh Phu Seafood JSC is set to issue bonus shares at a ratio of 1:1. It is expected to be done this year by capitalizing reserves, and will double the company’s charter capital to VND4 trillion (US$170.9 million). Minh Phu also…
South Korea’s fifth largest conglomerate Lotte Group is picking up the pace of expansion in Vietnam’s retail and F&B industries as it pulls out of China. Its chairman, Shin Dong-bin, recently released from jail, is set to visit Vietnam for his first overseas…
Leading instant coffee producer Vinacafe Bien Hoa reported a 19% jump in sales year-on-year in the first half ending June to VND950 billion (US$40.6 million). Its post-tax profits were VND190 billion, up 21%. Vinacafe instant coffee and Wake-up 247…
Conglomerate Masan Group has bought another 34% in beverage chain Phuc Long Heritage to increase its ownership to 85%. It paid VND3.62 trillion ($154.60 million) for the deal on August 1, according to its half-year report. It has invested a total of VND6.45…
S.Pellegrino Essenza has added a new Black Orange & Black Raspberry flavour to its range, joining the existing line-up of Lemon & Lemon Zest and Tangerine & Wild Strawberry. S.Pellegrino’s Essenza is a tasteful range of Italian sparkling mineral water with a…
Vietnamese might get the new iPhone 14 two weeks earlier than previous models since Apple has lifted Vietnam up a scale in its priority markets. “The iPhone 14 will be officially sold in Vietnam three weeks after they are launched in major markets such as the…
The Vietnam Automobile Manufacturers Association has sought cuts in excise tax and registration fees for hybrid electric vehicles. This would stimulate demand and encourage businesses to invest in power generation and charging systems, it said. Incentives for…
The stock settlement cycle is set to be shortened by four hours, enabling investors to receive their share or money on the second morning after a transaction. Thus, from August 29, they will get them at 11-11:30 a.m on the second day (T+2) instead of the…
Apple supplier Foxconn has leased 50.5 hectares of land in the northern province of Bac Giang and plans to set up a $300-million factory there. The plant will employ 30,000 people, according to a statement of industrial property developer Kinh Bac City, which…
Turnover of the Vietnamese bubble tea market hit $362 million in 2021, ranking third among six major Southeast Asian markets, according to a recent study. The region’s largest market was Indonesia with an estimated $1.6 billion annual turnover. Thailand came…
Vietnam crab exports rose 41% to $111 million between Jan. 1 and July 15 this year, according to data from the Vietnam Association of Seafood Exporters and Producers (VASEP). The U.S, China, Japan and France were the four major markets accounting for 92% of…
Apple’s suppliers are in talks to produce Apple Watch and MacBook in Vietnam for the first time, Nikkei Asia reported on Tuesday, citing people familiar with the matter. Apple’s Chinese suppliers Luxshare Precision Industry and iPhone assembler Foxconn have…
Textile and electronics companies are cutting overtime and working hours to their workers’ dismay as global consumer demand fall. Tran Thu Huong and her husband were working at a garment factory in HCMC’s Go Vap District when last month, their income fell by…
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