Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vu Minh Tri, former CEO of Microsoft Vietnam, is the new CEO of pay TV firm AVG. Tri, 49, replaces Mai Duy Long, also 49, who helmed AVG for nearly two years. Tri, who became the CEO of Sony Ericsson Vietnam in 2006, has since taking top positions in the…
In times of stress or crisis, when things tend to go wrong, it’s important you let your mind relax and take it easy. So when time gets tough, may we suggest tea to rescue? It’s believed that in times of stress, a cup of tea can work wonders for your nerves.…
People are rushing to mine cryptocurrency Pi prompted by news of new developments including an open mainnet launch. Open mainnet, which is said to allow users to trade the token for other cryptocurrencies, “will begin on 2022 Pi Day (14/3) or Pi2 Day (28/6)”…
Financial startup Anfin, which seeks to make stock investment easy for any user, has raised funding of $4.8 million in a Pre-Series A round from a consortium of investors. It was led by angel investor Clement Benoit and U.S.-based startup accelerator Y…
Power consumption soared to an all-time high of 45,528 megawatts at noon Tuesday as people turned on air-conditioners and other devices to beat the searing heat. It was 6,000 MW higher than last week’s average, Nguyen Duc Ninh, director of the National Load…
Experts say an exclusive focus on renewable energy, accounting for 27 percent of total power supply, will not be enough to help Vietnam reach its “net-zero” emissions target by 2050. Wind and solar power are not the sources of energy that will help Vietnam…
The State Bank of Vietnam is set to increase the frequency of currency selling amid rising U.S. interest rates, which have strengthened the greenback. With a foreign exchange reserve of over $100 billion, the central bank will continue to sell its foreign…
Vietnam’s rice firms are having to lower their profit plans and targets this year as input costs rice and demand falls. Prior to the annual meeting of its shareholders, the Trung An Hi-tech Farming JSC adjusted profits down to VND100 billion ($4.3 million),…
It is among many businesses that are suffering due to the surge in fuel prices, which threatens to cause inflation and eventually slow down the recovery of the economy hit by two years of Covid-19. RON95 gasoline saw its price increased by another 2.5 percent…
The “Vietnamese lychees go global” forum was held on June 16 to promote lychee exports and take the brand name of the Vietnamese fruit to the next level. Vietnamese lychees have made a name for itself in many international markets. According to Le Hoang Tai,…
The Vietnam Rubber Group (GVR) expects revenues to rise by 5 percent year-on-year this year, but estimates profit will stay unchanged due to rising costs. Its overheads, including wages, fertilizer, logistics and electricity, have been surging, board member…
Apple iPhone assembler Pegatron Corp emphasizes its expansion in other countries, including Vietnam, to reduce its dependence on China following the strict Covid-19 lockdowns there. “We faced Covid controls for two months. We couldn’t have assessed that in…
HSBC has cut its inflation forecast for Vietnam from 3.7 percent to 3.5 percent, thanks to stable food supply and weaker than expected impacts of fuel costs. Food and gasoline prices are two main drivers of inflation in ASEAN, but are likely to hit Vietnam…
Unclear regulations, low prices and an insufficient grid are hampering efforts to develop offshore wind power, experts and industry insiders have said. By 2030 offshore wind power capacity would be 7,000 megawatts (MW), envisages the Power Development Master…
Starting July 3, the EU will remove Vietnam’s rice noodles, glass noodles and vermicelli from the list of goods subjected to safety controls. Announcing this, the Ministry of Industry and Trade said Vietnamese exporters will no longer have to provide safety…
Vietnam Airlines expects financial difficulties to last until the end of 2023, amid aftermath of the Covid-19 pandemic. The flag carrier targets to be profitable and turn around its negative equity this year, it said in a filing to the Ho Chi Minh Stock…
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