Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Food and beverage establishments are working through Tet or abbreviating their holidays to make up for a year of poor business due to the Covid-19 pandemic. Crab restaurant chain Vua Cua is delivering through the holidays, and some of its outlets closed for…
Many rubber companies reported higher profits in the fourth quarter of last year as export prices rose sharply. The Vietnam Rubber Group Joint Stock Company’s gross profits were up 27 percent year-on-year to VND2.1 trillion on revenues of VND7.46 billion…
King Coffee has a presence in 120 countries and is still on its way to expand further on the world map. Expo is a 170-year old event that takes place every five years, gathering businesspeople from more than 190 countries. This expo showcases all the…
Taxi company Vinasun laid off more than 2,500 employees, including some 1,800 drivers last year with the Covid-19 pandemic causing the business to shrink significantly. According to its newly released financial report, Vinasun had 1,877 employees at the end…
Vietnamese Internet users find online advertisements tiresome and do not want to watch them, a survey by YouGov has found. In a poll of 2,429 digital users, last December the British online market research and data analytics firm found that 47 percent of…
Vingroup made after-tax losses of over VND7.5 trillion ($326 million) in 2021, its first-ever loss, citing funding for the pandemic fight and heavier investments in electric car development. Vietnam’s biggest private conglomerate’s net revenues stood at…
Public Bank Vietnam Limited has announced its cooperation with global payment technology company Visa to launch international debit and credit payment cards. Public Bank Vietnam’s latest offering is integrated with the convenience of contactless payment…
Vietnam’s largest brewer Sabeco said after-tax profit fell by over VND1 trillion (US$443 million) last year to VND3.93 trillion, the lowest since it was acquired by a Thai billionaire. Its revenues were VND26.37 trillion, a decline of 6 percent. Thaibev owned…
Vietnamese fuel distributors are negotiating with foreign suppliers to ensure adequate inventory for the holiday after the country’s biggest refinery cease imports due to cash shortage. PVOil, the second-biggest fuel distributor in Vietnam behind Petrolimex,…
Major iPhone authorized resellers in Vietnam have stopped importing iPhone 12 Pro and Pro Max models, seeking to boost iPhone 13 sales. “Most retail chains told me iPhone 12 Pro and Pro Max are out of stock. Some chains still sell them but in only a few…
Conglomerate FLC on Wednesday entered the jewelry industry with the new brand FJC, establishing its first store in Hanoi. Located at Bamboo Airways Tower in Cau Giay District, FJC’s first store sells 24-karat gold, jewelry, diamond and fengshui accessories.…
Vietnam’s gold price hit a new historic peak of VND62.7 million ($2,769.32) per tael Tuesday, surpassing the previous record in August 2020, even as global rates went flat. Saigon Jewelry Company (SJC) sold its gold at VND62.7 million per tael Tuesday, up 1.2…
Japanese fashion brand Uniqlo plans to open its first store in the northern city of Hai Phong this summer. It will be a 2,000-square-meter outlet at Aeon Mall Le Chan. Uniqlo, which came to the Vietnamese market two years ago, now has 10 stores in Hanoi and…
Hanoi serviced apartment rents fell by 3 percent to a three-year low of VND547,000 (US$24.16) per square meter per month last quarter, according to Savills Vietnam. Compared to a year earlier the average rents for grades A-C apartments decreased by 4 percent…
Manufacturing and tech companies are rushing to recruit workers as foreign companies show rising interest in setting up or expanding their factories in Vietnam. Electronics manufacturer Jabil Vietnam is recruiting 500 workers in Ho chi Minh City, with a bonus…
Large volumes of dragon fruit are being exported to Australia though it is currently the harvest season there for the fruit. Twenty-eight tons were shipped to Western Australia and South Australia last week by 4 Ways Fresh and Australia Flower, according to…
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