Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
The prices of many consumer goods, especially food and foodstuffs, have skyrocketed in the first quarter of this year driven by higher input costs and record gasoline prices. At her local retail store last weekend, Loan, a worker in a garment factory in…
Vietnam taxed cross-border platforms like Google and Facebook some VND5 trillion ($218.53 million) in 2008-2021, Finance Minister Ho Duc Phoc informed lawmakers Wednesday. During the four-year period, Facebook was taxed VND1.69 trillion, Google, VND1.62…
Vietnam Airlines proposed to raise the price cap for domestic travel from April 1 and add a fuel surcharge for local routes. The current price cap of air transportation services is no longer suitable, the airline said in its proposal sent to the Ministry of…
With domestic steel prices up nearly 8 percent in 10 days, contractors are caught in a dilemma: continue work and suffer losses or suspend work and suffer fines. The Vietnam Steel Corporation (VNSTEEL) has upped its prices by 7.6 percent for both rolled and…
Gold prices scaled another new peak in Vietnam Monday morning as global rates climbed amid the continuing Russia-Ukraine crisis. Saigon Jewelry Company sold bullion at VND72.87 million per tael of 37.5 grams or 1.2 ounces, up 5.15 percent from Saturday. DOJI…
The Civil Aviation Authority of Vietnam has recommended that the Ministry of Transport should issue an air transport license to Vietnam’s first proposed cargo carrier, IPP Air Cargo. It said the airline meets all requirements, including 100 percent funded…
Bamboo Airways, Vietjet and Vietravel Airlines have started hiring again after an extended recruitment freeze due to Covid-19. Bamboo Airways has posted hiring announcements for many positions, including pilots, flight engineers and cabin crew aid plans to…
Czech automaker Skoda is set to build a plant in the northern province of Quang Ninh and expects to begin production and exports of vehicles by 2023. Leaders of the company have worked with representatives of the Ministry of Industry and Trade on the plan of…
State power utility Vietnam Electricity (EVN) made a profit of VND4.74 trillion ($207.6 million) from all activities in 2020. But, its core business of electricity production and trading reported VND1.3 trillion in losses due to price reduction and discounts.…
Taxi firms expect to increase their fares as gasoline prices hit an all-time high. Nguyen Cong Hung, Chairman of the Hanoi Taxi Association, said taxi firms planned to increase fares by 5-8 percent, or VND500-800 per kilometer ($1 ≈ VND22,800). The gasoline…
The solar power capacity planned by Vietnam for 2031-2045 is “too high” should be reduced to give space for wind power, the government says. In a communiqué issued by the Government Office Saturday, Deputy Prime Minister Le Van Thanh said the capacity for…
Czech automaker Skoda is set to build a plant in the northern province of Quang Ninh and expects to begin production and exports of vehicles by 2023. Leaders of the company have worked with representatives of the Ministry of Industry and Trade on the plan of…
Vietnam e-commerce startup OpenCommerce Group has raised $7 million in a Series A funding round led by internet company VNG and venture capital firm Do Ventures. The Hanoi-based company, which provides tech solutions for sellers to create and manage their…
Vietnamese gold prices hit a new all-time high of VND64.8 million (US$2,838.4) per tael Thursday as global rates skyrocketed amid tensions over the Ukraine situation. Saigon Jewelry Company sold gold at VND64.8 million per tael of 37.5 grams or 1.2 ounces, up…
Vietnam gold prices rose to a new high Tuesday on the back of global rates soaring because of rising international tensions over the Ukraine situation. The Saigon Jewelry Company (SJC) was selling its gold at VND63.85 million ($2,798) per tael at 3 p.m., up…
Crab meat prices have dropped by nearly half as traders at the northern border gates with China limit purchases over export difficulties. The export of goods through border gates in the northern province of Lang Son has remained sluggish with many trucks…
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