Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
OKXE has pioneered the online to offline (O2O) sale of used motorbikes, rejuvenating the market. The inadequacies and bad experience of users when buying used motorbikes are the reason why Wooseok Kim, CEO of OKXE launched an online platform trading used…
Vietnam gasoline prices on Monday dropped 1.8 percent to the lowest since Feb. 21 as global rates declined. A liter of popular RON 95 gasoline now costs VND25,600 ($1.10), while that of biofuel RON 92 E5 costs VND24,620. This means prices have fallen…
Vinamilk reported a 26-percent year-on-year fall in second-quarter profits to VND2.1 trillion (US$89.97 million), and blamed it on inflation driving demand down and costs up. The dairy giant’s revenues fell by 5 percent to VND14.93 trillion. In the first five…
Many individuals who have been earning thousands of dollars from Facebook, Google, YouTube, and other online platforms have been taxed in recent years, officials said. The HCMC Tax Department for instance said at a forum Friday that it collected over VND8…
Vietnam Airlines managed to cut its losses by 44 percent year-on-year in the second quarter to VND2.48 trillion ($106.25 million), thanks to soaring summer travel demand. Its revenues nearly tripled to VND18.43 trillion, exceeding its target by 35 percent.…
Bamboo Airways appointed new general director Friday night after Dang Tat Thang, who helped set up the airline in the early days, resigned as its chairman and general director. Nguyen Manh Quan took the new position after having served as the carrier’s deputy…
Startup Viet 2022, an annual event hosted by VnExpress to promote entrepreneurship, closes registration in seven days. The sixth edition of the competition, themed “the New Era of Innovation,” has received dozens of registrations since it opened June 13. The…
Vietnam’s largest brewer Sabeco reported post-tax profits of VND1.79 trillion ($76.6 million) for the second quarter, the highest since ThaiBev acquired it in 2017. It represented a 67 percent increase year-on-year, while revenues were up 25 percent to VND9…
The Ministry of Industry and Trade wants coal-fired plants with a capacity of 14,120 megawatts scrapped from electricity production plans for Vietnam to achieve net-zero emissions by 2050. The plants were included in Power Development Plan 7 (for 2011-20) and…
The Ho Chi Minh Stock Exchange will continue to use the trading system developed by FPT while waiting for a replacement from South Korea, Ministry of Finance and bourse officials said. The system developed by FPT Information System, a subsidiary of the tech…
Vingroup JSC, Vietnam’s biggest listed firm by market value, said on Tuesday it will merge with leading consumer retailer Masan Group t create the country’s biggest retail company. Vingroup said in a statement that the two companies were finalizing legal…
Bank of America is seeking permission to set up a $50 million branch in Ho Chi Minh City, its executive vice chair of global corporate and investment banking Madhu Kannan has said. In a meeting with HCMC Chairman Phan Van Mai who is visiting the U.S., Kannan…
Vietjet Air and Boeing have officially signed a restructuring agreement to continue a contract to purchase 200 Boeing 737 aircraft. Under the agreement signed at the 2022 Farnborough International Airshow from July 18-22, Boeing and budget carrier Vietjet Air…
Germany has issued warnings about certain imported Vietnamese instant noodle products that contain heightened levels of ethylene oxide, a banned substance. The Vietnam Sanitary and Phytosanitary Notification Authority and Enquiry Point (SPS), under the…
Investment in securities, a major source of income for many companies during the two years of Covid-19, has become a financial burden this year after markets plunged. Da Nang Housing Investment Development reported losses of over VND90 billion ($3.85 million)…
Vietnam gasoline prices on Thursday fell to the lowest in five months as global rates decline. The Ministry of Finance and Ministry of Industry and Trade adjusted RON95 prices down 12.1 percent to VND26,070 ($1.11) per liter. This means RON95 is now 20.7…
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