Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Highlands Coffee, one of the largest coffee chains in Vietnam, earlier this month hiked its prices by 10-15 percent. It said that the increase served to maintain product quality amid market fluctuations. Hoang Viet, CEO of Laha Cafe, said that coffee chains…
Vietnam’s benchmark VN-Index rose 1.47 percent to 1,166.48 points Thursday but with plunging trade. The index closed nearly 17 points higher after losing almost 32 points on Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) fell by 27.9 percent to…
Vietnamese lawmakers have approved the second environmental tax cut on gasoline starting next week to contain surging fuel prices, two months after the first reduction came into effect. In an extraordinary meeting Wednesday morning, the Standing Committee of…
Grab has become the first ride-hailing firm in Vietnam to announce a new surcharge on its motorbike services starting Thursday. The surcharges are VND5,000 (20 U.S. cents) for each GrabBike trip and GrabFood order in some localities including HCMC, Hanoi, Hai…
Asset management company Dragon Capital has bought 2.1 million shares of HCMC-based Sacombank, increasing its stake in the bank to 6.09 percent. On June 29, two affiliated funds, CTBC Vietnam Equity Fund and Norges Bank, bought 2.3 million shares of the…
The Ministry of Finance is backing proposals by Da Nang City and Khanh Hoa Province to license two new casinos meant exclusively for foreigners. The casinos would be built at entertainment and resort complex Sun World Ba Na Hills in Da Nang City and Hon Tre…
Vietnamese banks on Monday traded the dong against the U.S. dollar at the lowest rate in two years as the greenback strengthens globally amid economic uncertainty. The Vietnamese dong declined by 0.3 percent from last weekend to VND23,510 per U.S. dollar at…
Bamboo Airways plans to triple its fleet size to 100 by 2028, with new aircraft being delivered this quarter, despite major changes in its leadership. The airline is set to receive its 22nd narrowbody Airbus A321 jet and fourth widebody Boeing B7s87 this…
State-owned Vietnam Education Publishing House experienced its most profitable year in 2021, earning VND287 billion ($12.3 million) in after-tax profit. The profit was 2.5 times higher than the target set by the Ministry of Education and Training and the…
Vietnamese families have been consuming less pork in recent months as prices increased, switching to other sources of protein like chicken and eggs. Ngoc Thao from HCMC, 32, said that one kilogram of bacon now costs between VND150,000-180,000 ($6.43-7.72),…
The Ministry of Finance has apprised the government of its plan to reduce special consumption tax and value-added tax on gasoline to bring its prices down. The plan was announced Thursday by a ministry official without disclosing further details. Currently…
Vietnamese people are expecting good money from cryptocurrency Pi following developer’s promise of a mainnet launch on June 28. The system is making steady progress towards transiting to launch by around Pi2 Day – June 28, the development team announced on…
We’re slowly moving toward the size limitations of our Universe but before we reach that Planck volume, there’s still some wiggle room. This means smaller, faster, and more efficient chips in our smartphones of tomorrow. Let’s leave quantum physics behind,…
The Covid-19 pandemic stopped Pacific Airlines’ recovery and worsened its financial situation, which is “extremely serious,” its parent company, Vietnam Airlines, informed shareholders last week. “The shortfall in cash flow and large overdue debts pose the…
Vietnam’s benchmark VN-Index rose 1.46 percent to 1,202.82 points Monday with most blue chip ending in the green. The index closed 17.34 points higher after losing 3.4 points Friday. Trading on the Ho Chi Minh Stock Exchange increased by nearly 21 percent to…
Starbucks Vietnam will close its Hanoi outlet after eight years, following the closure of two locations in Vietnam last year. The Starbucks Lan Vien outlet in Hoan Kiem District will operate until June 30, the company said in a Facebook post. Last year, the…
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