Reporting and analysis on retail, e-commerce, and consumer trends in Vietnam, updated continuously by our newsroom.
The Covid-19 pandemic has made it difficult for Vietnamese dragon fruits, in season now, to be exported. China, which accounts for some 80 percent of Vietnam’s total dragon fruit exports, has restricted the flow of goods at some border gates as part of its…
Minh Phu Seafood, one of the country’s biggest shrimp processors, reported a 9 percent rise in revenues to over VND6.1 trillion ($269 million) in the first half of the year. The HCMC company said however the pandemic is causing disruption in sales, especially…
Private lender SeABank is offering 136 million shares to existing shareholders at the price of VND15,000 (over $0.6), lower than market value in late August by 58 percent. New share transactions are expected to take place in the last two quarters of this…
An instant noodles product of Thien Huong has been recalled in Norway due to the presence of a banned substance, the second such incident in Europe this month. The “dried noodles with chicken – and beef spices” of Ho Chi Minh City-based Thien Huong has been…
Vietnam’s biggest state-owned lender, Vietcombank, has named Pham Quang Dung as its new chairman until 2023. Dung, 48, has been its CEO and a member of the board since 2014. Nguyen Thanh Tung, deputy director, temporarily takes over as CEO until a new person…
Vietnam retail sales plunged 33.7 percent year-on-year in August as the country faced stricter restrictions due to the ongoing Covid-19 pandemic. According to the General Statistics Office, August’s retail sales plunged 10.5 percent compared to July. In the…
The Civil Aviation Authority of Vietnam (CAAV) on Monday requested airlines to stop selling tickets for domestic flights until further notice. Airlines would need to refund tickets for customers who’ve already purchased theirs from July 21, the CAAV added.…
The Food Safety Authority of Ireland has recalled some batches of Acecook Vietnam’s Hao Hao and ‘Good’ branded noodles for containing banned substances. On Aug. 20, the Food Safety Authority of Ireland (FSAI) announced that batches of Hao Hao and Good noodles…
Vietnam Airlines is planning to operate regular flights between Vietnam and the U.S. starting October, seeking to fulfill a dream of nearly two decades. The state-owned carrier will use either Boeing 787 or Airbus SE A350 aircraft for its inaugural U.S. route…
Vietnamese carriers are confronting major financial challenges as revenues plunge and debt soars. They need urgent government intervention to improve their cash flow, a report says. Since Covid-19 entered the country early last year, airlines revenues have…
Nearly 95 percent of auto parts produced in Vietnam are for foreign brands, showing a lack of localization in the industry. Of the 287 items that have been approved by the Ministry of Science and Technology as of Aug. 17, 15 were registered for VinFast cars.…
With shops closed and delivery services facing restrictions due to the Covid-19 outbreak in Hanoi, apartment dwellers have stepped infill the supply gap by selling online. Thu, a clerk at a media company, who is working from home amid the social distancing,…
Gojek on Thursday debuted its four-wheel ride-hailing service GoCar, first prioritizing healthcare workers before expanding to the public later this year. The Indonesian ride-hailing company started the service with 50 vehicles in Ho Chi Minh City dedicated…
Vietnam leads globally in cryptocurrency adoption with 41 percent of respondents claiming to have bought Bitcoin and the like, according to a recent survey. Twenty percent of Vietnamese said they had purchased Bitcoin, the highest among 27 countries polled…
China has reopened one of its border gates in Guangxi with Vietnam after closing it for several days due to Covid-19 fears. Trade resumed Wednesday at Tan Thanh Border Gate in the northern province of Lang Son after customs officials of both countries agreed…
Cambodia exported 140,000 tons of fresh mangos, or 86.8 percent of its total exports of the fruit, to Vietnam in the first seven months of this year. Citing data from the Cambodian Ministry of Agriculture, Forestry and Fisheries, the Vietnam Trade Office said…
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