Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
A Bamboo Airways return ticket between Vietnam and the U.S. is set to cost $1,300-1,500, with the first regular flight planned for the first quarter of next year. Bamboo Airways plans to start one regular flight every two days from Ho Chi Minh City to San…
Smartphone sales in Vietnam plunged 28 percent year-on-year in the third quarter as shops were shut and mobility restrictions blocked deliveries. Sales started to fall in August and plunged deeply in September, a report by market research company Counterpoint…
Vietnam’s coffee exports in the first 11 months of this year are expected to show a 4.4 percent drop from a year earlier to 1.36 million tonnes, while rice exports will likely post a 0.8 percent increase, government data released on Monday showed. Coffee…
Car dealers have seen the number of customers triple after a 50 percent registration fee discount for locally assembled cars was announced last week. Toyota, Honda, Hyundai, Kia and Mazda dealers in Cau Giay District reported 30 and even 50 customers a day…
Novartis has marked its 25 years of development with a certificate of merit from Vietnam’s Ministry of Health for its social commitment during the Covid-19 pandemic. “This achievement affirms Novartis’s leading position in the global pharmaceutical market and…
E-commerce web traffic from Vietnam is double that of Thailand and triple that of Malaysia in Q3, showing high demand for online shopping amid the pandemic, a report has found. Digital consumption has become a new habit as the number of online vendors…
National flag carrier Vietnam Airlines recorded a net loss of over VND3.5 trillion ($154.3 million) in the third quarter, a sharp decrease compared to the first two quarters. According to a summary of consolidated financial statements for the third quarter,…
A government decree has cut registration fees for locally made cars by 50 percent for six months starting December 1. This is the second time in the last two years such a cut is being made to mitigate the difficulties faced by the auto industry due to the…
Almost half of the fresh university graduates expect a monthly salary of VND10-15 million ($435-650), but most employers are only willing to pay VND6-10 million, a survey has found. The survey by headhunting agency Adecco Vietnam said over 43 percent want a…
Vietnamese are rushing to invest in so-called ‘meme coins’, hoping to make a killing but ignoring the huge risks of buying a volatile asset talked up by social media. In the second quarter The Nghia in the northern province of Vinh Phuc invested $20 to buy…
The Vietnam Maritime Corporation has launched a container shipping route to Malaysia and India. The route from Vietnam’s Hai Phong Port to Malaysia’s Port Klang, India’s Calcutta, Port Klang, and SP-ITC International Container Terminal in HCMC takes 10 days…
A government decree has cut registration fees for locally made cars by 50 percent for six months starting December 1. This is the second time in the last two years such a cut is being made to mitigate the difficulties faced by the auto industry due to the…
Private hospitals in HCMC and Hanoi are reporting losses after months of limited operations necessitated by the Covid-19 pandemic. After four years of making a profit, the Tam Duc Heart Hospital in HCMC’s District 7 posted a loss of VND13 billion ($571,440)…
Japanese companies, including retailer Aeon and energy firm Enos, have told Prime Minister Pham Minh Chinh that they want to expand their investments in Vietnam. The country’s business environment is improving and Japanese companies have confidence in their…
Personal bank deposits were nearly VND5,292 trillion (some $230 billion) by late September, down roughly VND1.5 trillion against late August, according to the central bank. Since July, monthly bank deposits fell against previous months, the State Bank of…
German auto brand Audi is recalling 104 cars in Vietnam due to a lock nut issue on the rear suspension that could cause a loss of control and crash. Certain lock nuts on the trailing arm of the rear axle can break due to corrosion, which can change the wheel…
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