Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietnam may face a power shortage from April due to tight coal supplies, Vietnam Electricity (EVN) reported. Some thermal power plants are operating at 60-70 percent capacity, which has led to a decline in electricity supply as the high-demand season nears.…
Automaker VinFast has signed a deal with North Carolina state in the U.S. to build a $2-billion plant to make electric buses, cars, and auto batteries. It is set to finish by July 2024, when it will have a capacity of 150,000 units a year, VinFast said in a…
M Village, an accommodation startup in co-living spaces, has received funding of US$1.7 million led by Singaporean venture fund Simple Tech Investment. The money will be used for expanding the number of rooms the startup has in Ho Chi Minh City from the…
While the prices of many consumer goods are rising sharply, some have bucked the trend as their supply remains strong while demand, especially for exports, is weak. Looking for a place to eat dinner at a traditional market, Huong, a garment worker in Tan Binh…
Sumitomo Corporation is accelerating its expansion plan for its FujiMart grocery supermarket chain in Vietnam, eyeing about 50 new stores by 2028 through its extended partnership with BRG Group. The retail chain aims to open five to 10 stores per year from…
Vietnam’s benchmark VN-Index dipped 0.1 percent to 1,502.34 points Wednesday after six gaining sessions. The index climbed by 10 points in the morning but strong selling pressure in the afternoon pulled it down by 1.4 points after rising nearly 58 points in…
Vietnam’s biggest coal miner Vinacomin is struggling to provide enough coal to thermal power plants due to shortage of workers and surging costs. The state-owned company provided 6.3 million tons of coal to power plants from the beginning of the year to March…
The tax department has set up a website for collecting tax from foreign companies to make it easier for tech giants like Facebook and Google to fulfill their duties. The Portal of the General Department of Taxation for Foreign Providers (etaxvn.gdt.gov.vn)…
Duolingo, the world’s leading language learning app, said Vietnam is its largest market in Southeast Asia but it is yet to monetize its products. Haina Xiang, its head of marketing for China and Southeast Asia, said the number of active users in Vietnam grew…
VietinBank Securities eyes record profits again this year through the stock market itself is likely to be down. Its board has approved a profit target of VND505 billion ($22 million), 5 percent up from last year. Last year pre-tax profits tripled to VND480…
The minimum wage – minimum living standard gap has been widening for years, but there is no solution in sight as workers struggle to make ends meet. Vietnam first introduced the “minimum living standard” term in its 2012 Labor Law, which requires that the…
Vinamilk is set to see profits decline for a second straight year in 2022 due to rising costs of raw materials and transportation. Vietnam’s leading dairy company targets pre-tax profits of VND12 trillion ($524.70 million), down 7 percent from last year,…
Supermarkets in HCMC are offering double-digit discounts as food and gasoline prices surge. Central Retail is offering discounts of up to 50 percent on 390 products before 10 a.m. from Monday to Thursday every week. The list of products includes pork,…
The Vietnam Pavilion was launched on Chinese e-commerce platform Alibaba.com Friday to globally promote the country’s products and success stories. The Vietnam Trade Promotion Agency and the tech giant signed a deal for the purpose. Deputy Minister of…
The largest Vietnamese travel agency for Russian tourists has temporarily suspended its services for the market as a fallout of Western sanctions imposed on Russia.Anex Vietnam Travel and Trading announced the suspension after taking more than 300 Russian…
Vietnam has enough gasoline for the second quarter even without the supply from Nghi Son Refinery, the Ministry of Industry and Trade assured. The refinery, which accounts for around a third of domestic supply, has no plans to deliver products in April and…
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