Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
A surge in the prices of gasoline, food and some other goods has sent the consumer price index rising by 2.86 percent year-on-year in May. Global gasoline prices went up while the rising costs of raw materials and ingredients pushed up food prices, according…
Many auto brands have no luxury cars to supply Vietnamese customers due to global semiconductor shortage. Trung Kien, 33, from the northern province of Bac Ninh, said he has been looking for a luxury car with a price tag of around VND7 billion ($300,000) for…
Apple could make its wireless earphone, AirPods Pro 2, in Vietnam this year as it seeks to expand production outside China amid strict Covid-19 policies there, according to reports. Supply chain analyst Ming-Chi Kuo tweeted Tuesday that the new AirPods would…
Facebook parent Meta will charge a 5 percent value added tax on all Vietnamese advertisements starting June 1 after assuring the government it will fulfill its tax obligations. Meta executives last week told Prime Minister Pham Minh Chinh that the company…
Electric mobility start-up, eBikeGo, has announced completing a $5 million, or over ₹ 38 crore, funding round. The company recently secured $3.5 million, or over ₹ 27 crore, in a fresh round of funding, which in addition to the $1.5 million, or over ₹ 12…
Vietnam’s benchmark VN-Index continued to fall Monday with a 1.77 percent decline to 1,218.81 points, with most blue chips in the red. The index started off in the green but plunged in the afternoon and closed almost 22 points lower after losing nearly one…
Cryptominers are powering down operations, even selling equipment, as cryptocurrency prices continue to plummet. Nguyen Binh, a cryptominer in the southern Dong Nai Province, said his rigs can mine almost one Ethereum (around $2,000) a month, but hardly…
Vietnam Airlines remained in the red in Q1 despite revenues rising to a two-year high, with net losses of VND2.62 trillion (US$113.1 million). Revenues were up 55 percent year-on-year to VND11.6 trillion, the highest since 2020, when Covid-19 started to…
Subaru is another Japanese automotive player which is suddenly turning turtle and announcing massive investments in electric powertrains. It has announced plans to build a dedicated EV assembly plant in 2027 as a part of a multi-billion dollar investment…
Japanese retail giant Aeon Mall wants to invest in 3-4 more projects in Hanoi by 2025. At a recent meeting with Hanoi Party secretary Dinh Tien Dung, Nagakawa Tetsuyuki, general director of Aeon Mall Vietnam, said the Aeon Mall Hoang Mai project is now in its…
Vietnam’s auto sales reached 42,359 units in April, with most major brands posting double-digit to triple-digit growth, according to the Vietnam Automobile Manufacturers Association (VAMA). This figure marked a 40 percent increase from the same period last…
Pandora, the world’s largest jewelry company by sales, will set up a US$100-million production facility in Vietnam. To be situated in the Vietnam-Singapore Industrial Park 3 in Binh Duong Province, it will be built to LEED Gold green building standards and…
Coolmate, a Vietnamese menswear brand that is sold online, has raised US$2 million in a Series A funding round from a group of investors. The round was led by Access Ventures and included Do Ventures, CyberAgent Capital and DSG Consumer Partners. Coolmate…
Gold prices fell to their lowest in five weeks Monday afternoon as they tracked a global fall. Saigon Jewelry Company (SJC) sold bullion at VND69.25 million per tael Monday, down 0.39 percent from Sunday. A tael equals 37.5 grams or 1.2 ounces. DOJI sold at…
Vietnam’s benchmark VN-Index plunged 4.49 percent to 1,269.62 points Monday, a nine-month low, with 221 tickers out of 484 on the Ho Chi Minh Stock Exchange hitting the floor. The index stayed in the red throughout the day and closed nearly 60 points lower…
The Ministry of Finance wants special consumption tax payable by auto companies to be deferred by up to four months to help them recover from the impact of Covid-19. The tax for June-September, worth a total of VND20 trillion ($871 million), can be paid on…
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