Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
The Civil Aviation Authority of Vietnam has recommended a 3.7-percent increase in domestic fare caps to enable airlines to cope with surging fuel prices. In a proposal it submitted to the Ministry of Transportation, it said fuel costs have risen by 84 percent…
On Mar. 15, Vietnam fully reopened its borders to foreign tourists, allowing quarantine-free entry and reinstated its pre-pandemic visa policies, including waivers for nationals of 24 countries. “These positive moves have contributed to strengthening…
City Auto Corp, Vietnam’s largest Ford dealer, reported profits of VND51.8 billion (US$2.27 million) last year, a 36-fold rise from 2020. But it sold only 4,580 vehicles, 29 percent fewer than in 2020, and the increased profitability was due to the average…
Pizza 4Ps racked up a net loss of VND38 billion ($1.66 million) last year, as it struggled to recover from Covid-19 hits. The chain, produces pizzas, cheese and other dairy products, had posted its first ever loss of VND20.8 billion in 2020. Before the…
Housing prices in Hanoi rose the most in five years, driven up by limited supply and the specter of inflation. According to leading properconsultancy CBRE, the average price of a new apartment increased by 13 percent to US$1,655 per square meter. In the…
Luxury brands are expanding their presence in Vietnam as they seek to profit from the country’s growing middle class and robust economic growth. Italian luxury car brand Lamborghini announced its return this month after a year of inactivity, and has named a…
The World Bank has cut its growth forecast for Vietnam this year to 5.3 percent, due to surging Covid-19 infection in Q1 and economic slowdown in its major export markets. This has been the second time the bank lowers its 2022 projection for the country. Last…
Vietnam’s seafood exports grew by 40 percent year-on-year in Q1 to US$2.4 billion despite direct impacts of the ongoing Russia-Ukraine crisis. The growth was led by shark catfish, whose exports increased by 88 percent to $646 million and accounted for 27…
Vietnam wants to import around five million tonnes of coal from Australia amid a domestic shortage that has forced power plants to cut production. Apprising Australian ambassador Robyn Mudie about this on Friday Minister of Industry and Trade Nguyen Hong Dien…
Luxury car brand Lamborghini is set to return to Vietnam in the second quarter after disappearing for over a year. The Italian company has selected S&S Automotive as its new distributor in Vietnam to replace CT Wearnes. It did not state why the partnership…
HSBC has lowered its GDP growth forecast for Vietnam from 6.5 percent to 6.2 percent due to inflationary pressures amid rising global energy prices. “Vietnam is facing multiple challenges given elevated global energy prices. It will increase its energy bills,…
Vietnam’s honey exports to Taiwan rose by 57 percent last year to US$1.64 million, thanks to competitive prices and growing quality. Oanh, a woman from the northern province of Hai Duong who is working in Taiwan, said Taiwanese increasingly prefer Vietnamese…
The accumulated loss of national flag carrier Vietnam Airlines climbed to VND21.98 trillion ($928.39 million) last year, roughly the same as its charter capital. The airline was hit hard by the Covid-19 pandemic that saw borders closed and commercial flights…
The Civil Aviation Authority of Vietnam says carrier Bamboo Airways is operating normally, unaffected by the recent arrest of its ex-chairman Trinh Van Quyet. The carrier’s key personnel, including pilots, cabin crew, and technical staff are complying with…
The Civil Aviation Authority of Vietnam said it would closely monitor Bamboo Airways for the next three to six months to ensure safety following the arrest of its chairman. Its aircraft maintenance and operations and training would be closely supervised,…
GreenFeed Vietnam, a Vietnamese food chain company, has acquired the Mekong Delta-based French chicken supplier LeBoucher. The value of the deal has not been disclosed. GreenFeed owns G Kitchen, a meat and processed products retailer. Quang Thanh Cuong, head…
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