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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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20 Oct 2021

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Latest Vietnam retail stories

china economy bears pxp101
Aiko TanakaFood

Mekong Delta fruit prices surge as travel restrictions ease

Jackfruit, longan, and lemon cultivated in the Mekong Delta are fetching two to four times the prices that prevailed when Covid-19 related transport restrictions were in force before Oct. 1. Lemons bought directly at gardens are priced VND7,000-8,000…

startup
Minjun ParkStartups

One Mount develops comprehensive technology ecosystem

One Mount provides solutions covering the entire financial services, distribution, real estate, and retail-sector value chain. Approved in June 2020, the National Digital Transformation Program aims to turn Vietnam into a country with digital technology…

vietnam retail
Rajiv MenonGeneral

Cambodia’s exports to Vietnam quadruple

Cambodia’s exports to Vietnam nearly quadrupled to $3.7 billion in the first nine months of this year, according to statistics from the General Department of Vietnam Customs. Cambodia increased its exports of vegetables and fruits by 61 percent, cashew by 595…

stock market
Maria SantosFinance

VN-Index slips in narrow band

Vietnam’s benchmark VN-Index fell 0.01 percent to 1,395.33 points Tuesday, continuing along with a narrow band near the 1,400-range resistance. Last-minute selling pressure pulled the index down by 0.2 point. It has been fluctuating within a three-point…

Vietnamese Furniture
Minjun ParkGeneral

Furniture companies seek reopening autonomy

Furniture companies in Binh Duong are proposing more autonomy in imposing Covid-19 measures as they reopen after months of social distancing. Members of Binh Duong Furniture Association said due to the limited number of government workers, their proposals to…

2020 Mercedes Benz GLS
Aiko TanakaAutomotive

Mercedes dealer reports record loss in Q3

Hang Xanh Motors Service JSC (Haxaco), a major Mercedes-Benz dealer in Vietnam, reported a record loss, more than VND33 billion ($1.4 million) in Q3, due to social distancing orders. Revenue in Q3 was VND700 billion, down 59 percent compared to the same…

vietnam retail cashier
Rajiv MenonGeneral

Vietnam set to keep public debt under control

Vietnam is set to keep its public debt under control this year at 43.7 percent of GDP, against the cap of 60 percent. This amounts to around VND3,700 trillion ($162.58 billion), according to a government report recently submitted to the National Assembly.…

Apple India scaled
Sarah ChenElectronics

Vietnamese apathetic over iPhone 13 mini

iPhone 13 mini seems to be the least favorite model of the latest Apple smartphone lineup, accounting for only 5 percent of total pre-orders in Vietnam. The most favored is iPhone 13 Pro Max with 70 percent pre-orders, followed by iPhone 13 and iPhone 13 Pro,…

vietnam factory 1
Wei ZhangGeneral

Vietnam remains magnet for EU investment despite Covid

EU investments in Vietnam rose by $483 million year-on-year in the first nine months of this year to $22 billion despite the Covid-19 pandemic. In a recent report to the National Assembly, the Government said trade with European countries too increased…

solar panel
Maria Santos

French energy company invests in Vietnam rooftop solar developer

French company EDF Renewables has made an undisclosed investment into a rooftop solar power developer subsidiary of VinaCapital, seeking to profit from the booming industry in Vietnam. With the investment SkyX Energy, the holding company of SkyX Solar that…

windmill indonesia
Minjun ParkGeneral

Wind power developers race to complete projects for incentive price

Investors in wind power projects are racing to complete construction this month to enjoy an incentive feed-in tariff, but face procedural hurdles and those caused by Covid-19. This month the developer of a plant in Quang Tri Province is rushing to complete…

exotic tropical fruit
Sarah ChenFood

Fruit exports to South Korea surge

Vietnam exported $107.25 million worth of fruit and vegetables to South Korea in the first eight months of this year, up 3.47 percent year-on-year. The export value of vegetables and fruit to this market reached $11.1 million in August, up 13.66 percent over…

gojek
Aiko TanakaGeneral

Ride-hailing services back on the road in HCMC

Ride-hailing firms have resumed their services in HCMC at a significantly lower scale than pre-pandemic times. Vietnam-based Be Group, which runs the eponymous ride-hailing app, has reopened its ride-hailing taxi service in Ho Chi Minh City with just 10…

samsung facility
Minjun ParkElectronics

Intel, Samsung to resume full production next month

Units of electronics manufacturing giants Intel and Samsung are set to fully resume operations by the end of November after months of social distancing-triggered production disruption. Saigon Hi-Tech Park is helping its tenants, many of which are currently…

gold 1
Aiko TanakaGeneral

Gold price hits 12-month high

Vietnam’s gold price climbed to a 12-month high Monday even as global prices dropped. Prices at state-owned Saigon Jewelry Company rose 0.05 percent from Saturday to VND57.98 million ($2,552.79) per tael Monday. A tael equals 37.5 grams or 1.2 ounces. Other…

Vietnam Hanoi
Sarah ChenFood

HCMC restaurants, coffee chains struggle to reopen

Immediately after HCMC lifted its lockdown this month, beverage chain The Coffee House introduced Fresh Bottle, a new glass bottle designed for easy delivery of its best-selling drinks. This and other delivery-friendly products such as instant coffee and…

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