Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Hit hard by the Covid-19 pandemic, the food and beverage industry has nevertheless learned valuable lessons in flexibility and labor retention. Accommodation and food establishments saw revenues decline by 19 percent in 2021 to VND398 trillion ($17.3…
Data of the General Statistics Office (GSO) of Vietnam showed that the country’s total retail sales of consumer goods and services from January to October reached VND3,720 trillion (US$162.4 billion), down 8.6% compared with the same period last year. Food…
Vietnam’s stock market was the seventh biggest gainer last year at 35.7 percent, outperforming regional peers, as new retail investors rushed to a new asset for profit. With the benchmark VN-Index rising 394 points to close the year at 1,498 points, Vietnam…
Aeon has unveiled plans to expand its network of MaxValu compact supermarket stores in Vietnam, eyeing about 100 new locations across the country by 2025. According to Nikkei Asia, the expansion will include a larger store format with floor space spanning…
Vietnam’s Ministry of Industry and Trade has requested China’s Guangxi region to reopen its border gates with Vietnam and extend customs clearance hours to resolve the container congestion. Guangxi’s “zero Covid” measures, including shutting the border and…
With Covid-19 forcing people to stay at home and spend time online, e-commerce has been thriving. When Tet, the Lunar New Year, was a month and a half away e-commerce platforms had already achieved a strong increase in revenues during their December-12…
Organizations have pegged Vietnam’s GDP growth at 6.5-7.5 percent in 2022, citing solid recovery potentials in manufacturing and domestic demand. The World Bank has forecasted Vietnam’s growth at 6.5-7 percent from 2022 onward as it expects a sustained global…
Facing labor shortages, businesses and factories in HCMC need around 310,000 workers this year should Covid be controlled. According to a recent survey by the HCMC Center of Forecasting Manpower Needs and Labor Market Information (Falmi), the city’s labor…
Cryptocurrencies are becoming a new investment favorite in the country, but many are learning what goes up rapidly could come down at the same speed. This year Minh Quan of Hanoi started to study the cryptocurrency market for the first time after a friend…
Foreign trade surged 22.6 percent in 2021 to a new high of $668.5 billion despite the supply chain disruptions caused by Covid-19. Exports were up 19 percent at over $336 billion, but domestic companies only accounted for 26.4 percent of it. Over 35…
Netstars Vietnam will cooperate with Mobile Online Services JSC (M service) to provide grocery stores with payment solutions both online and offline. The collaboration agreement signed by Netstars Vietnam Co., Lt (Netstars Vietnam), a member of the…
Vietnam Airlines and Bamboo Airways have opened ticket sales to several locations including the U.S., Japan and Taiwan, signaling the resumption of international travel on New Year’s Day. National flag carrier Vietnam Airlines is offering tickets between HCMC…
Babeeni Co., Ltd satisfies customers from different markets with its designs for dresses, swimwear for children, women and families. Established in 2007, Babeeni has been a reputable manufacturer and exporter of children’s clothing in Vietnam. It has a head…
Despite the Covid-19 pandemic, more and more low-price cafés are franchising and doing well. At 9.00 every day a Napoli café franchisee on Dong Nai Road, District 10, HCMC is crowded. Its owner, Hoang, says: “We directly serve hundreds of customers a day. The…
Colonel Tao Duc Thang is set to take over as chairman and CEO of military-owned telecom giant Viettel from Le Dang Dung, who retires on December 31. Thang, 48, who has been the deputy CEO since 2015, has an M.A. in electronics and communications and worked…
Colonel Tao Duc Thang is set to take over as chairman and CEO of military-owned telecom giant Viettel from Le Dang Dung, who retires on December 31. Thang, 48, who has been the deputy CEO since 2015, has an M.A. in electronics and communications and worked…
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