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Over a year ago, Chinese fast-fashion retailer Shein embarked on an ambitious plan to make Vietnam its main export base. Shein started leasing 15 hectares of warehouse facilities near Ho Chi Minh City, which is approximately the size of 21 football pitches.…
On Tuesday, Vietnam witnessed its lowest gold prices since the start of July, resulting from a decline in worldwide prices due to escalating tensions in the Middle East. The price of a gold bar from the Saigon Jewelry Company fell 0.88%, to VND147.1 million…
Swedish fashion conglomerate, H&M, has recently undertaken a restructuring exercise which has led to job cuts in Singapore. This move comes as the retailer transfers its Southeast Asian hub from Singapore to Kuala Lumpur in Malaysia. The restructuring…
On Wednesday morning, the US dollar experienced a surge against the Vietnamese dong while simultaneously witnessing a decline against several of its other major counterparts. In the currency exchange, Vietcombank sold the US dollar at VND26,309. This…
As of Thursday afternoon, gasoline prices in Vietnam have reached their lowest point since October 23rd. The commonly used fuel, RON95, fell by 2.63% to VND20,000 (equivalent to US$0.76) per liter. Decreased Prices Across Fuel Types Along with RON95, the…
Alibaba’s navigational application, Amap, is diversifying its functionality beyond its primary aim of providing directional services. It is venturing into the local-lifestyle domain, a territory traditionally occupied by competitor Meituan. This move is…
Asics, the Japanese sportswear giant, has announced plans to increase its manufacturing operations in India from 30% to 40% over the coming years. This move is aimed at maintaining a stable supply chain, following changes in the country’s regulations that…
Gold jewelry sparkles in Ho Chi Minh City, where the allure of gold remains steadfast even as prices hold steady. On Thursday morning, the gold market saw a slight uptick, influenced by stabilizing global rates. Marginal Gains in Local Gold Prices The Saigon…
The luxury goods sector, a dazzling stalwart of economic growth that typically thrives at about 7% annually, is bracing for a slowdown in 2025, according to insights from Morgan Stanley. This promising world of high-end fashion and lavish accessories is…
Gold prices in Vietnam experienced a dip on Wednesday morning, following a global trend of declining bullion rates. The price of gold bars from Saigon Jewelry Company fell by 0.41%, settling at VND120 million (approximately US$4,622.94) per tael. Meanwhile,…
In a landscape marked by fluctuating market conditions, Banque Cramer, the Geneva-based private bank, reports a decline in net profit for the fiscal year 2024, even as it sees a notable increase in assets under management. Under the leadership of new CEO…
Lack of technology options limiting retail workplace flexibility, forcing 62% of employees to work at multiple businesses to get the number of shifts they need Research by Humanforce, a provider of intelligent workforce management solutions, has shown that in…
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