Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Telecommunication giant Viettel has proposed that it produces chips to meet domestic demand and for export in addition to offering e-payment services. Leaders of the military-owned Viettel Group made the proposal at a Tuesday meeting with Prime Minister Pham…
Many buy now, pay later services have launched or expanded operations to meet the burgeoning demand. “Cash is necessary for daily expenses, so I choose to pay later whenever possible,” Minh Tien, 33, of HCMC said. He bought braces and a motorbike using pay…
Highlands Coffee chain lost VND19 billion ($812,069) last year, its first loss since 2014, VnExpress has learned. Its sales plunged by nearly 20 percent to VND1.7 trillion, which still made it the largest coffee chain in Vietnam, its earnings report, recently…
Vietnam is considering building a high-speed railway that runs along the country’s length with a possible price tag of up to $58.7 billion, the government said on Sunday. The Southeast Asian country’s transport ministry will next month submit a proposal to…
Bamboo Airways on Saturday appointed Nguyen Ngoc Trong who has worked for the airline since the early days of establishment as its new chairman. Trong, 65, took the new position after his predecessor Dang Tat Thang resigned as chairman and general director.…
All four brands that Jollibee Foods Corp of the Philippines operates in Vietnam, including coffee chain Highlands Coffee, posted losses last year. The corporation, founded by Filipino billionaire Tony Tan Caktiong, established its first company in the…
Nguyen Thai Hai Van has been appointed the first Country Director of Apple Vietnam, a source has confirmed. While no official announcement has been made, Van’s LinkedIn profile says without disclosing details that she has been holding the post since May,…
Vietnam gasoline prices on Thursday dropped 3.6-3.8% to the lowest since Feb. 11 as global rates kept falling. A liter of popular RON 95 gasoline now costs VND24,660 ($1.05), down VND940, while that of biofuel E5 RON 95 costs VND23,720, down VND900.…
Emart Vietnam is planning to open two more supermarkets in Ho Chi Minh City – one in Sala Thu Thiem and another in Go Vap District – part of a plan to launch 20 hypermarkets by 2026. Emart Vietnam was acquired by Thiso International Commerce and Services…
State-owned Saigon Jewelry Company targets pre-tax profits of VND60 billion ($2.6 million) on revenues of VND18.8 trillion this year, up 7% and 6% from last year. Its targeted net profit margin is only 0.25%, much lower than the 5.11% for competitor Phu Nhuan…
Vietnam will need investment of between $8 billion and $14 billion a year through to 2030 to develop new power plants and expand its grid, its deputy industry minister said on Wednesday. Of the amount, 75% would be spent on new power plants, with priority…
The HCMC Lottery Company Ltd. earned profits of VND736 billion (over $31.46 million) in the first half of the year, an increase of 27% year-on-year. The company recorded H1 revenues of VND5.46 trillion, completing nearly 54% of the year’s target, the company…
Vietnam exported 4.2 million tons of rice in the first seven months, 20 percent up year-on-year, according to the Ministry of Agriculture and Rural Development. But earnings were only 9 percent higher at US$2 billion since global rice prices have fallen by…
Vietnam has imposed an anti-dumping and anti-circumvention levy on Thai sugar imported via 5 ASEAN nations. The final verdict was made Monday, and the duty of 47.64 percent will become effective between Aug. 9 and June 15, 2026. The probe was launched last…
The number of new hospitality businesses is rising, but a shortage of staff and tourists from pre-Covid major markets are hampering the tourism industry’s revival. The number of foreign tourists rose 582 percent year-on-year to 602,000, while over 3,000 new…
Grocery chain Bach Hoa Xanh suffered an 8 percent fall in sales year-on-year in the second quarter to VND6.76 trillion (US$289.47 million) following its closure of hundreds of outlets. The subsidiary of electronics retailer Mobile World closed 251…
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