Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Vietnam is set to commercially launch 5G mobile services next year as it seeks to increase the number of internet users by reducing the number of 2G smartphones to under 5 percent. The Ministry of Information and Communications reported at a meeting Wednesday…
Sportswear maker Nike is confident the resumption in production in Vietnam will boost the company’s future recovery. “Compared to ninety days ago, we are increasingly confident supply will normalize heading into fiscal 2023” as all factories in Vietnam were…
Vietnam’s biggest e-wallet company, MoMo, said it had raised $200 million from four investors led by Mizuho Bank, pushing its valuation above $2 billion. The consortium of investors also comprised Ward Ferry Management and existing shareholders Goodwater…
Vietnam’s garment and textile exports next year is set to remain the same as this year even in the worst-case scenario where the Covid-19 pandemic prolongs, an association forecasts. Vietnam Textile and Apparel Association (VITAS) anticipates export would…
Tourism company Vietravel has sold a 55.58 percent stake in Vietravel Airlines to an unspecified investor as it seeks more funding amid Covid financial pressures. “Vietravel is no longer the parent company of Vietravel Airlines,” it stated recently. In a…
Kido Group-owned gelato and tea chain, Chuk Chuk, has joined hands with Central Retail to roll out between 300 and 400 stores in Go! malls and Tops Market supermarkets in Vietnam, as well as eyeing international expansion. Chuk Chuk said it will open 10…
Vietnam Airlines and Air Lease Corporation have agreed on a leasing discount exceeding $1 billion for 18 aircraft while the former face financial challenges amid the pandemic. U.S.-based ALC, one of the biggest aircraft leasers in the world with 450 jets,…
The quantity of Cambodian rice, cashew nuts, maize, green beans, and soya beans imported by Vietnam in the first 11 months of this year rose 3-4 times year on year. Cambodia exported 912,000 tons of cashew nuts, over 134,000 tons of maize, some 26,000 tons of…
Vietnam’s benchmark VN-Index fell 0.01 percent to 1,476.02 points Tuesday with trading value the highest in six sessions. The index closed 0.19 points lower after gaining nearly 13 points Tuesday. Trading value on the Ho Chi Minh Stock Exchange (HoSE), on…
Vietnam Airlines plans to sell 15 planes this month and 12 others in the next two years, its CEO said. “Vietnam Airlines plans to sell nine A321s and six ATR-72s in December. From 2022 to late 2023, an additional 12 A321s will be sold,” CEO Le Hong Ha told…
Vietnam’s agriculture exports are taking a hit as China maintains a very strict inspections regime at northern border gates as a Covid-19 prevention measure. As of Friday, as many as 4,000 container trucks were stranded at the border gates in Lang Son…
Leading tourism company Vietravel, which has only now published its first-half earnings report, saw losses triple year-on-year to VND293.3 billion ($12.75 million) due to Covid-19 travel restrictions. Revenues were down by nearly half to VND545 billion while…
Steel exports rose by nearly 130 percent in the first 11 months of this year to US$10.8 billion, according to the Vietnam Steel Association. Hoa Phat exported 914,000 tons of finished construction steel products, a year-on-year rise of 90 percent. It plans to…
Vietcombank Remittance Company was awarded the “Excellence Money Transfer Company” and “Best Home Payment Service Provider” titles by U.K.-based Global Banking and Finance Review magazine. Global Brands Magazine (GBM) is a prestigious U.K. online publication…
Leading Indian car rental platform will begin operations in Vietnam next week. Users can start booking cars, including SUVs and hatchbacks, on its website and smartphone app starting Monday, a media representative said. “We hope to reach 2,000 vehicles on the…
Launched amid the Covid-19 pandemic, GoCar is one of two big products Gojek planned to introduce this year to complete its golden triangle in Vietnam, including transportation, food delivery and payment. Phung Tuan Duc, Gojek Vietnam GM shared stories behind…
Free background guides on how retail works in this market.
Vietnam
A young, urbanising market where modern trade is growing quickly, convenience and mini-supermarkets are the battleground, and Hanoi and Ho Chi Minh City beha…
Asia Market Guides · 10 min read
Vietnam
Segments, digital behaviour, price sensitivity and the buying patterns that shape assortment and promotion in Vietnam.
Asia Market Guides · 8 min read
Vietnam
How last-mile delivery works in Vietnam, what drives cost per drop, and how to set a service promise you can keep.
Asia Market Guides · 8 min read
Vietnam
Who the landlords are, how leases are structured, what drives rent, and how to choose a location in Vietnam.
Asia Market Guides · 8 min read
Weekly Briefing
Tuesday, Thursday and a Saturday Weekly Wrap: the retail stories, numbers and moves that mattered across Asia. Nothing else, and you can unsubscribe in one click.
Read by retail operators, investors and brand teams across Asia.