Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
Budget airline Vietjet has signed a $400-million agreement with British company Rolls Royce for aircraft engines for its wide-body fleet and engine servicing. The signing ceremony on Sunday was witnessed by Prime Minister Pham Minh Chinh, who is in the U.K.…
Citics, a Vietnamese property technology (proptech) startup, said it mobilized $1.3 million in its latest round of funding, to expand its existing business and invest in new technologies. In a recent Series A bridge round, Citics secured $1.3 million from Ho…
HCMC restaurants and coffee shops are resuming on-site dining with caution due to concerns of staff contracting Covid-19 and post-social-distancing tightened spending. Starting Thursday, over 20 outlets of bubble tea chain Gong Cha started resuming on-site…
Fuel prices in Vietnam have surged by over 52 percent to a seven-year high, with global rates shooting up as demand rises in economies reopening. The government has hiked fuel prices up by 40.23–52.59 percent this year with the latest increase Tuesday…
The Ministry of Finance has said the registration fee for locally manufactured automobiles will be halved for six months until May 15 next year. If the government issues the decree for the purpose after Nov. 15, the fee cut would apply from Dec. 1 to May 31,…
Trading in Vietnam Airlines’ stock will be restricted to the afternoon session from Nov. 3 aftermarket regulators deemed the carrier’s financial situation “risky”. The main bourse Ho Chi Minh Stock Exchange will consider lifting the restriction depending on…
Aircraft maker Airbus has appointed Hoang Tri Mai as its new general director for Vietnam. Mai will oversee all Airbus operations in Vietnam, including supporting business activities and managing relationships of the firm with the Vietnamese government, the…
Seafood exports rose by 2.8 percent year-on-year in the first nine months of the year to US$2.4 billion, according to the Vietnam Association of Seafood Exporters and Producers. Tuna, squid and octopus accounted for the highest proportion of the exports.…
Vietnam has no Apple store, so resellers are opening mono store chains in the country for consumers to experience an “Apple-standard shopping space.” An Apple mono store is a shop that exclusively sells Apple products. There are two kinds of mono stores – the…
Tens of thousands of iPhone 13 phones have been sold in Vietnam within days of its launch, with numbers exceeding those of Apple’s previous offerings. FPT Shop sold nearly 5,000 phones for nearly VND200 billion ($8.79 million) on the first day of sales on…
Enterprises in HCMC that have resumed business said they are still facing high production costs, difficulties in inter-provincial transport and labor shortages. A survey of 100 enterprises both inside and outside industrial parks by the Southern Institute of…
Vietnam Airlines is set to gradually resume flying on 40 routes, or nearly its entire domestic network, by next month, prioritizing Hanoi, HCMC and Da Nang. Several flights are set to be resumed to the southern archipelago Con Dao Island, the central…
Taxi firm Vinasun saw its revenue in the third quarter plunge 10 times to VND23 billion ($991,000) as the fourth Covid-19 wave wrecked the transport industry. The company posted a loss of VND91 billion, its seventh losing quarter in a row, increasing the…
Vietnam’s top private lender, Techcombank, reported a 59.6 percent rise in pre-tax profits for the first nine months of 2021 to VND17.1 trillion ($737.1 million). Loans outstanding were up nearly 16 percent for the year at VND321 trillion. The bank’s bad debt…
Vietnam plans to have nine new railway routes, running 2,362 kilometers, by 2030 as it seeks to upgrade its outdated transport network. The total capital needed for these projects accumulates to VND240 trillion ($10.3 million), set to come from state coffers…
Vietnam Airlines is set to gradually resume flying on 40 routes, or nearly its entire domestic network, by next month, prioritizing Hanoi, HCMC and Da Nang. Several flights are set to be resumed to the southern archipelago Con Dao Island, the central…
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