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E-commerce sites reap bumper harvests on Singles’ Day

Vietnam’s e-commerce platforms say both traffic and sales surged multiple times on Singles’ Day, a major promotional event, which fell on November 11.

Feature phones remain popular in Vietnam

Feature phones still account for nearly four out of every 10 mobile phones sold in Vietnam.

Foreign brands eager to enter booming fashion market

Major international brands are setting up shop in Vietnam and expanding quickly to tap a rapidly growing fashion market.

November 13, 2019 | 07:48 am GMT+7

Foreigners using proxies to own real estate in national security areas

Hundreds of Vietnamese firms are serving as proxies for foreigners to buy real estate units in areas vital to national security, says Deputy PM Pham Binh Minh.

November 12, 2019 | 02:51 pm GMT+7

Consumers show preference for imported cars

The sales of imported cars in Jan-Oct surged 2.2 times, while that of locally-assembled ones fell 12 percent.

November 12, 2019 | 01:27 pm GMT+7

Saigon land prices rise 3 times every decade

Saigon land prices have increased 2.5-3 times every decade in the last 20 years, putting house ownership beyond most residents.

November 11, 2019 | 03:56 pm GMT+7

Digital payment market consolidates under big names

Although Vietnam has 28 licensed e-wallets, 70-90 percent of market share has shifted between six big players.

November 11, 2019 | 10:00 am GMT+7

Rice export prices plunge as global supply increases

Vietnam’s rice exports fetched an average of $435.6 per ton in the first 9 months this year, a drop of 13.4 percent year-on-year.

November 09, 2019 | 09:00 am GMT+7

Pork prices hit 5-year high

Pork prices in Vietnam have hit a 5-year high at VND71,000 ($3) with domestic production hurt by the African swine fever epidemic.

November 09, 2019 | 08:00 am GMT+7

E-commerce competition flares up as holiday shopping season begins

Vietnam’s e-commerce platforms are going all out with promotions and other marketing campaigns to woo customers for the year-end shopping season.

November 08, 2019 | 09:04 am GMT+7

Vietnam mulls 49 percent cap on foreign ownership at e-payment firms

Vietnam’s central bank wants to cap foreign ownership at 49 percent for e-payment companies to foster domestic fintech enterprises.

November 07, 2019 | 10:12 am GMT+7

Car with controversial nine-dash map will not be destroyed

Vietnam Customs has decided not to destroy a Volkswagen car imported for the Vietnam Motor Show containing a map with China’s controversial nine-dash line.

November 05, 2019 | 10:44 am GMT+7

Steel sector reports Q3 losses

Most steel enterprises in the country have reported third-quarter losses or a plunge in profits; many blame the U.S.-China trade spat.

November 04, 2019 | 09:28 am GMT+7

Mazda outscores Toyota in customer satisfaction

Mazda climbed two places from last year to become this year’s auto brand that satisfies Vietnamese customers the most.

November 01, 2019 | 08:30 pm GMT+7

Buying first home remains a pipe dream for young Vietnamese

Surging prices and a decline in the supply of affordable apartments are making it almost impossible for young Vietnamese to buy their first home.

November 01, 2019 | 11:10 am GMT+7

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Economy

Oil-fired electricity production to triple as dams go dry

Vietnam's oil-fired power generation is set to triple next year as a water shortage threatens production amid rising demand.
Coal, crude oil imports see upsurge

Vietnam’s coal and crude oil imports increased in the first ten months this year as energy demand rose alongside economic expansion.

Companies

Fashion chain closes Hanoi outlets over label fraud suspicions

Fashion chain SEVEN.AM closed its stores after authorities began investigating allegations the brand replaced made-in-China labels on its products with Vietnamese ones.
South Korea's Hana Bank acquires 15 pct stake in BIDV

BIDV, Vietnam’s biggest state-owned lender by assets, has completed the transfer of a 15 percent stake to KEB Hana Bank.

DataSpeaks

Vietnam share brokers see profits continue to fall

Most brokerages saw their profits fall in the first nine months of this year as the market remains dampened by trade war impacts.
Most Vietnamese businesses adopt rosy outlook for 2020: HSBC

Buoyed by the strong economy and excited by international prospects, the majority of Vietnamese businesses anticipate a bright 2020, a HSBC survey finds.