Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
The Vietnam Dairy Products JSC is stepping up R&D to create innovative products enriched with local flavors to satisfy the diverse range of global tastes. With its strategic investment in product development, international expansion, and commitment to…
Vietnam’s coffee exports to the U.K. have declined in H1 after its products failed to meet quality requirements and consumer preferences. The fourth wave of Covid-19 that hit the country also affected export activities. Coffee exports to Britain fell by 48.4…
Two Korean technology giants are seeking to hire thousands of people in Vietnam, including workers, engineers and IT staff. In September, Samsung announced it is looking to hire 1,000 production staff for its Bac Ninh factory. A month earlier it said it…
An Alibaba-backed fund has invested an undisclosed amount in Vietnamese retail chain Homefarm. The investment by eWTP Technology and Innovation Fund is a “seven-digit figure,” the company’s CEO Tran Van Truong said. Homefarm, which has around 150 stores that…
Vu Hoang Yen has been appointed the new CEO of Be Group, which runs the eponymous ride-hailing app, starting Wednesday. She replaces Nguyen Hoang Phuong who has resigned citing personal reasons. A graduate of the London School of Economics, Yen has previous…
Leading e-commerce platforms in Vietnam saw bigger demand for groceries, including fresh foodstuffs and beverages, in the second quarter of this year, a market research firm says. Google searches for keywords relating to online grocery stores in the second…
Vietnam Bank for Industry and Trade (VietinBank) has elected General Director Tran Minh Binh as the bank’s new chairman for the 2019-2024 term. The appointment came Tuesday, two months after the bank’s former chairman, Le Duc Tho, was appointed secretary of…
Ninety percent of German companies in Vietnam are seeking new or additional suppliers in Asia Pacific due to mobility restrictions in the country. The majority of respondents, 83 percent, reported supply bottlenecks and price increases caused by transport…
The Vietnam Motor Show, the biggest automobile expo in the country, has been canceled for the second year running over Covid-19 impacts. This year’s show was originally scheduled to be held next month. Members of the Vietnam Automobile Manufacturers’…
The Ministry of Finance wants more global football tournaments added to the list of those on which people can bet. The list comprises 27 events, including 15 leagues in Europe, Asia, North America and South America and 12 tournaments held every two or four…
Vietcetera, a digital media startup, raised $2.7 million in a pre-series A round last month after earlier raising $700,000 in March. The pre-series A round was attended by U.S. venture capital firm North Base Media, Indonesian investment company Go-Ventures…
Hanoi will restrict motorbike shippers’ timings to between 9 a.m. to 8 p.m. every day, starting Monday, while requiring continued compliance with all pandemic prevention and safety measures. All shippers, accordingly, will have to furnish a certificate with…
Samsung is set to expand its plant in the northern province of Bac Ninh this year to increase its production capacity of foldable devices. The company would kick off the expansion project within the second half of this year, targeting full operation by the…
The Ministry of Finance is considering limiting the import of low-value packages through e-commerce platforms to close a suspected loophole. It wants to issue a new decree to limit each organization or individual buyer to be free of import tax on four orders…
Vietnam’s seafood export turnovers stood at $520 million in August, down 36 percent against the same month last year due to Covid-19 outbreaks. Last month, only 30-40 percent of seafood enterprises in the south ensured the stay-at-work mode, mobilizing 40-40…
A $1 billion online car seller has just launched in Australia, with the retailer confident the US and UK trend of buying a car online will take off across the country. Indian start-up CARS24 now allows Australians to buy used cars from home in under five…
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