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Dragon fruit farmers in central and southern Vietnam are faced with declining prices due to an oversupply and reduced demand for their produce. Farmers are being forced to sell their crops at prices far below their cost of production, resulting in significant…
The escalating tensions in the Middle East have disrupted fuel supply chains, leading to a rise in average domestic airfares by 15-20%. This has resulted in airlines discontinuing their low-cost options. Demand and Supply Imbalance The disruption has severely…
FedEx, a leading express transportation company worldwide, is bolstering its Asia Pacific network by unveiling its recently expanded Transhipment Centre at Taoyuan International Airport. This development symbolizes FedEx’s most substantial investment in…
The Mekong Delta’s renowned Hoa Loc mangoes are currently being sold at a retail price of VND200,000 (US$7.70) per kilogram, reflecting a surge of 33% compared to the previous year, primarily due to a supply shortage. Market Dynamics Several retail stores in…
Vietnam’s silver prices reached record heights on Monday morning. This surge was triggered by a worldwide increase in the value of the precious metal due to a supply shortage. The selling price at the jewelry chain Phu Quy increased by 6% from Sunday,…
Matcha, previously a specialty tea in Japan, has gained considerable international popularity. This trend is especially noticeable among the younger demographic that values both taste and health benefits. The green tea powder has permeated various sectors…
Adidas and Fast Retailing have joined the ranks of apparel magnates grappling with the reality of increased product costs in the United States due to new import tariffs levied on key Asian manufacturing nations. The Impact of Rising Tariffs The US has…
According to property consultancy Avison Young, the occupancy rate for serviced apartments has hit a solid 77%. Yet, the high-end segment is outshining the rest, maintaining rental prices at $35 with occupancy peaking at 82%. Meanwhile, Savills has reported a…
Oil and gas giant Petrovietnam has liquidity issues because it has not been able to collect payables of VND23 trillion ($971 million) from state-owned utility Vietnam Electricity. Over VND14 trillion of the amount is past due, and this is having a major…
Vietnam has enough gasoline for the second quarter even without the supply from Nghi Son Refinery, the Ministry of Industry and Trade assured. The refinery, which accounts for around a third of domestic supply, has no plans to deliver products in April and…
A $2-billion power generation unit of state-owned utility Vietnam Electricity (EVN) will have an initial public offering on the country’s main bourse next month. The Power Generation Corporation 2 (EVNGENCO 2), based in the southern city of Can Tho, will…
Chinese e-commerce giant JD has invested US$100 million in Li & Fung via newly issued capital as a move to further develop its digital supply chain. The move is expected to assist Li & Fung expands its own business within the Chinese mainland via…
Demand for retail goods continues to grow exponentially in today’s omnichannel world. In addition to this, COVID-19, which has seen a huge increase in activity within the e-commerce space, has put retail businesses and supply chains under even more pressure…
The property market is expected to remain flat this year before picking up again next year, said Rahim & Co International Sdn Bhd. Executive chairman Tan Sri Abdul Rahim Abdul Rahman said the property market will remain flat across all sectors this year,…
The Klang Valley office market is expected to remain vibrant this year, despite the influx of new buildings which is expected to affect occupancy rates, said Knight Frank Malaysia. “Due to the influx of new buildings, particularly in TRX, occupancy rate in…
The government Thursday reaffirmed Vietnam’s desire for a greener energy mix amid the risk of a power deficiency. Environment-friendly coal- and gas-fueled and renewable power plants would make up the mix. While Vietnam faces “obvious risks of an energy…
