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Vietnam Retail News

Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.

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21 Jan 2022

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Latest Vietnam retail stories

tobacco2
Sarah ChenGeneral

Tobacco giant pursues green growth

The circular economy model helps production and business activities develop sustainably and creates added value ​​in the community, said a representative of British American Tobacco (BAT). Vietnam has been integrating more and more deeply into the global…

6H
Minjun ParkTelecom

Vietnam to begin 6G technology research and development

Vietnam will start researching 6G wireless networks in 2022, says Information and Communications Minister Nguyen Manh Hung. Addressing a 2021 telecom review conference last weekend, Hung said Vietnam’s telecom industry should “be in the top group in terms of…

Mio Vietnam
Maria SantosStartups

Vietnam grocery platform Mio secures US$8 million in Series A funds

Mio, a Vietnam-based social commerce startup, has raised US$8 million in a series A funding round led by Jungle Ventures. Patamar Capital, angel investor Oliver Jung, and existing investors such as Golden Gate Ventures, Venturra Discovery, Hustle Fund, iSeed…

vietnam retail
Sarah ChenLiving

Value-added tax to be cut to 8 pct from February

A draft government decree reduces value-added tax on many products and services from the current 10 percent to 8 percent from Feb. 1. The decree on tax reduction to foster economic recovery approved by the National Assembly will also make expenses on pandemic…

vietnam power
Wei ZhangLiving

Vietnam leads region in power production

After adding 3,420 megawatts of power capacity last year, Vietnam now leads Southeast Asia with 76,620 MW. It represented a 9.8 percent increase in capacity, CEO of national utility Vietnam Electricity (EVN), Tran Dinh Nhan, said at a forum Friday. He however…

Wei ZhangAutomotive

Auto sales down 3 pct in 2021

Auto sales in Vietnam last year dropped 3 percent from 2020 to 383,444 units as the fourth Covid-19 wave forced dealers to shut down. The sales figure is a combination of data from the Vietnam Automobile Manufacturers Association (VAMA), TC Motor, and…

startup
Sarah ChenStartups

Vietnam set to become Asia startup hub

Vietnam could be Asia’s next startup hub after local companies saw a funding surge over 40 times in the last five years, a venture capitalist said. Venture funding for startups in Vietnam reached $2.1 billion last year, up from just $48 million in 2017, Binh…

Geely
Aiko TanakaAutomotive

Vietnam cut excise duty on battery electric car

The National Assembly Tuesday voted to cut excise on battery-run electric cars to 3 percent for a period of five years. With effect from March 1, the tax on various types of battery electric vehicles (BEVs) will be reduced by 3-12 percentage points from…

vietnam factory
Rajiv MenonGeneral

Vietnam operating costs among Asia’s lowest

Vietnam has the second-lowest operating costs among nine countries in Asia and is assessed to have high logistics development potential, a report says. The monthly minimum operating cost for a manufacturing company in Vietnam is $79,280, compared to leader…

vietnam airlines 2
Sarah ChenGeneral

Transport ministry wants several airports to be privatized

The Ministry of Transport wants private investors to build and operate proposed airports such as Sa Pa in the north and Quang Tri in the central region. It wants two others built under public-private partnerships in Lai Chau and Cao Bang in the north. It also…

cambodia property
Rajiv MenonGeneral

Vietnam buys 80 pct of Cambodia’s agriculture exports

Vietnam bought nearly 80 percent of Cambodia’s nearly $5 billion worth of agriculture exports last year. It bought 96-99 percent of Cambodia’s cashew, pepper and mung bean exports, according to a report by Cambodia’s Ministry of Agriculture, Forestry and…

dragon fruit 1296x728 feature
Minjun ParkFood

300,000 tonnes of dragon fruit have no buyers

Around 300,000 tonnes of dragon fruit will soon be ripe for harvest but without buyers, as China clamps down on border trade, industry insiders said. With the northern provinces of Quang Ninh and Lang Son having both restricted trade at the border with China…

nike
Minjun ParkFashion

Thousands strike work after Nike supplier cuts Tet bonus

Thousands of workers of Taiwanese-invested footwear maker Pouchen Vietnam, a Nike contract manufacturer, struck work Friday, demanding the same Tet bonus as last year. They refused to return to work after finishing their lunch to protest the company’s policy…

Starbucks Reserve SODO 5
Sarah ChenFood

$4 Starbucks coffee has become a daily staple

While the franchise’s 2021 financial results took a hit because of the Covid-19 pandemic, a tangible gain has been the Starbucks VND90,000 ($4)coffee becoming a daily staple in Vietnam. Starbucks Vietnam general manager Patricia Marques said that despite the…

gojek 1
Sarah ChenGeneral

Gojek drives car service into Hanoi

Ride-haling platform Gojek has launched its GoCar Protect service in Hanoi a month after introducing it in HCMC. The Indonesia-headquartered company guarantees that all its drivers have got two doses of Covid-19 vaccines and all cars are equipped with an air…

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