Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietnam was Southeast Asia’s largest gold bullion and coin market last year and among the top 10 globally. The demand in the country exceeded 31.1 metric tons compared to 28.7 tons in Thailand and 19.8 tons in Indonesia, according to the World Gold Council.…
Duy Anh of Hanoi’s Cau Giay District started off this week by hanging a notice outside his cafe saying the price of coffee had been hiked by 25 percent. “I know customers will not like it, but I do not have any choice,” he said, explaining that the cost of…
Vietnam was Southeast Asia’s largest gold bullion and coin market last year and among the top 10 globally. The demand in the country exceeded 31.1 metric tons compared to 28.7 tons in Thailand and 19.8 tons in Indonesia, according to the World Gold Council.…
The market share of Korean auto brands Hyundai and its subsidiary Kia increased from 18 percent in 2017 to over 30 percent last year. Hyundai continued to lead the market with sales of 70,518 units, though down 13.3 percent from the previous year. Japan’s…
Gas stations across the country are again complaining about supply shortages and losses due to surging prices, which are forcing them to limit sales. In the southern province of An Giang, some limited sales to VND30,000 ($1.32) per customer on Tuesday,…
Lang Son has decided to stop receiving fruit trucks headed for the China border for ten days starting February 16 as over 1,000 trucks are still stuck in the province. The provincial Department of Industry and Trade said that as of Friday morning, the total…
Dau Tieng 5.1 and Dau Tieng 5.2 solar power plants are expected to start construction in Q2, with an investment of VND3.56 trillion ($157 million). With a capacity of 225 MW each, the two power plants will cover 332.5 hectares at Dau Tieng Lake in the…
iPhone’s market share in Vietnam increased from 4 percent in 2020 to 9 percent last year, making it the fifth-largest smartphone seller. The growth of 119 percent was the highest for any brand, Counterpoint Research said in a report. Apple was behind Samsung…
Conglomerate Masan announced Wednesday that it has spent an additional $110 million to increase its ownership in the Phuc Long beverage chain from 20 percent to 51 percent. “Since Masan’s initial investment, Phuc Long has demonstrated strong synergies with…
Gasoline shortages have been occurring only in a few southern locations and the country has adequate reserves to fully meet demand, the industry ministry has assured. Shortages are only reported by small distributors who want to hold on to their stocks to…
Major factories in Ho Chi Minh City reported over 90 percent of employees returning to work after the nine-day Tet holiday, abating employer concerns of a labor shortage. Some factories with high return rates are Samsung electronics manufacturer HCMC CE…
Tourism company Vietravel reported VND228 billion ($10 million) profit in Q4 of 2021, after four consecutive quarters of loss. It posted net revenues of VND190 billion in Q4, down 60 percent compared to the same period of 2020. “Company activities regained…
The VN-Index began the new lunar year with a 1.5-percent jump Monday morning, led by aviation and energy stocks. It gained 22 points to 1,503 points at 11.20 as the market reopened after the nine-day Tet break, reaching a near four-week high. It represents a…
Gold prices in Vietnam hit a new peak Monday ahead of the God of Wealth Day amid surging demand. Saigon Jewelry Company (SJC) sold its gold at VND63.5 million ($2,801.49) per tael Monday afternoon, up 1.02 percent from Friday. A tael equals 37.5 grams or 1.2…
Vietnam’s purchasing managers’ index rose to 53.7 in January 2022 from 52.5 in December, marking the highest growth since last April. The new index also points to the fourth straight month of growth, according to a report by U.K. research company IHS Markit.…
The VN-Index began the new lunar year with a 1.5-percent jump Monday morning, led by aviation and energy stocks. It gained 22 points to 1,503 points at 11.20 as the market reopened after the nine-day Tet break, reaching a near four-week high. It represents a…
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