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Tag: HCMC

Retail Asia26/04/2023
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Fashion

French jeweler Tiffany opens store in HCMC

2min0
Luxury jewelry brand Tiffany & Co. has opened a store in Ho Chi Minh City, two years after opening its first in Vietnam in Hanoi. The store in District 1, which had a soft opening last week, is part of a strategy by the 186-year-old jeweler to increase its presence in Asia after being acquired […]
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Retail Asia16/02/2023
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Food

Japanese firm looks to raise export-quality oysters in Vietnam

4min0
Japanese seafood producer Yamanaka wants to partner with Vietnam agencies to raise oysters locally for both domestic and international markets. A feasibility research conducted by Yamanaka in the central province of Khanh Hoa since June last year, with the support of the Japan International Cooperation Agency (JICA), found that raising oysters in Vietnam under two […]
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Retail Asia08/08/2022
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Living

HCMC lottery firm reports record H1 profits

3min0
The HCMC Lottery Company Ltd. earned profits of VND736 billion (over $31.46 million) in the first half of the year, an increase of 27% year-on-year. The company recorded H1 revenues of VND5.46 trillion, completing nearly 54% of the year’s target, the company said in its financial statement. The main source of income was the sale […]
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Retail Asia08/07/2022
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General

Grab adds heatwave surcharge on motorbike services

2min0
Grab has become the first ride-hailing firm in Vietnam to announce a new surcharge on its motorbike services starting Thursday. The surcharges are VND5,000 (20 U.S. cents) for each GrabBike trip and GrabFood order in some localities including HCMC, Hanoi, Hai Phong, Da Nang and Can Tho. GrabExpress services in HCMC and Hanoi will attract […]
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Retail Asia29/04/2022
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Real Estate

HCMC high-end office rents jump in Q1

2min0
Grade A office rents in HCMC rose by 5.1 percent quarter-on-quarter to US$44.9 per square meter per month last quarter. The average rent was 5.3 percent up from a year earlier, according to real estate consultancy CBRE Vietnam. Grade B rents averaged $25.9, up 1.7 percent and 3.1 percent. Similar surveys by other consultancies Colliers […]
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Retail Asia03/01/2022
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General

Understaffed businesses need 300,000 plus workers in HCMC

2min0
Facing labor shortages, businesses and factories in HCMC need around 310,000 workers this year should Covid be controlled. According to a recent survey by the HCMC Center of Forecasting Manpower Needs and Labor Market Information (Falmi), the city’s labor market faces two scenarios depending on future Covid development. If Covid-19 is brought under control, businesses […]
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Retail Asia28/12/2021
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Food

Low-cost café franchising booms despite Covid

3min0
Despite the Covid-19 pandemic, more and more low-price cafés are franchising and doing well. At 9.00 every day a Napoli café franchisee on Dong Nai Road, District 10, HCMC is crowded. Its owner, Hoang, says: “We directly serve hundreds of customers a day. The number of customers making orders via apps is double that.” A […]
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Retail Asia26/11/2021
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Automotive

Car registration fee cut by half again

1min0
A government decree has cut registration fees for locally made cars by 50 percent for six months starting December 1. This is the second time in the last two years such a cut is being made to mitigate the difficulties faced by the auto industry due to the Covid-19 pandemic. In the first six months […]
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Retail Asia25/11/2021
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General

Private hospitals suffer pandemic inflicted losses

2min0
Private hospitals in HCMC and Hanoi are reporting losses after months of limited operations necessitated by the Covid-19 pandemic. After four years of making a profit, the Tam Duc Heart Hospital in HCMC’s District 7 posted a loss of VND13 billion ($571,440) in the third quarter this year. Its revenue plunged 63 percent to nearly […]
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Retail Asia11/11/2021
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Fashion

Adidas, Reebook supplier in HCMC faces worker shortage

2min0
Footwear maker PouYuen Vietnam, the largest employer in HCMC, faces a shortage of workers after 6 percent quit due to Covid-19 restrictions and resultant problems. The Taiwanese company, a supplier to Adidas and Reebok, has sought the city’s support for finding new workers, according to the HCMC Media Center. Its plant, situated in Binh Tan […]
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Retail Asia25/10/2021
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General

HCMC firms have difficulty resuming operations

2min0
Enterprises in HCMC that have resumed business said they are still facing high production costs, difficulties in inter-provincial transport and labor shortages. A survey of 100 enterprises both inside and outside industrial parks by the Southern Institute of Social Sciences this month found that 44 percent plan to resume full production, 29 percent plan to […]
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Retail Asia13/10/2021
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General

Ride-hailing services back on the road in HCMC

2min0
Ride-hailing firms have resumed their services in HCMC at a significantly lower scale than pre-pandemic times. Vietnam-based Be Group, which runs the eponymous ride-hailing app, has reopened its ride-hailing taxi service in Ho Chi Minh City with just 10 percent of its original fleet strength using 50 percent of its capacity. The Be Group said […]
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Retail Asia20/08/2021
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General

Gojek launches car service in HCMC

2min0
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 to serving healthcare workers from five hospitals and medical command centers. All driver-partners are required to test Covid-19 […]
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Retail Asia27/07/2021
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General

Saigon supermarkets to close at 5 PM

1min0
All supermarkets in HCMC will close at 5 p.m. starting Monday to comply with the city’s suspension of night-time activities amid its Covid-19 battle. Retail chains like VinMart and Co.opMart will operate from 7 a.m. to 5 p.m. instead of 10 p.m. Big C outlets will open 1.5 hours earlier at 7 a.m. and close […]
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Retail Asia06/07/2021
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General

Covid shuts HCMC’s biggest wholesale market

2min0
HCMC’s biggest wholesale market, Binh Dien, which has a growing number of Covid-19 cases linked to it, will shut down on Tuesday. Authorities in District 8, where it is situated, said they made the decision after the infection began to spread to other areas from the market. As of July 4, 56 Covid-19 cases have […]
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