HCMC

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08/05/2024 Digital content exporters open foreign offices to avoid tax ( General )
06/05/2024 WhatsApp’s new status update tray with previews is rolling out more widely in beta ( General )
02/05/2024 A Deep Dive into Grade A Buildings in Hong Kong ( General )
02/05/2024 Shopee races past other e-commerce rivals ( E-Tailing )
30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )

Retail Asia21/06/2021

Barbers in Hanoi and HCMC are going to customers’ homes to make a living as their shops remain closed due to the Covid-19 pandemic. For a month now Nguyen Thai Hoang, 27, a hairdresser in Hanoi’s Long Bien District, has had his business disrupted, and he has begun to visit his customers instead. He said: […]

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Retail Asia21/06/2021

Coworking space operators in Vietnam have launched a number of Covid response services and even prepared for expansion after the pandemic is controlled. This month Dreamplex, which has five coworking spaces in Hanoi and HCMC, unveiled a service called the temporary office for companies with a payroll of at least four. With three facilities in […]

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Retail Asia10/06/2021

Vietnam’s overloaded main bourse, the Ho Chi Minh Stock Exchange, next week will begin testing a new system from South Korea which it plans to use later this year. The system would have the capability to handle “many times more” transactions than now, Le Hai Tra, CEO of the exchange, said. A temporary system from […]

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Retail Asia03/06/2021

Many HCMC residents have turned to online shopping for essential goods following a two-week social distancing order across the city, and e-commerce platforms are reporting a boom. Data from e-commerce platform Tiki shows sales grow by 30 percent last weekend, just before social distancing was implemented in Ho Chi Minh City on Monday, with a […]

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Retail Asia20/04/2021

Vietnam is among the top countries in Southeast Asia for coworking space provider WeWork, growing by 8 percent since early last year. Most of its customers in the country are in technology, pharmaceuticals, and manufacturing, while financial organizations are among the new ones, Elizabeth Laws Fuller, WeWork’s head of growth in Southeast Asia said. It […]

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Retail Asia15/04/2021

The B2B e-commerce platform’s newly opened stores are located in two of the most crowded shopping locations in Ho Chi Minh City, Lotte Mart and SC VivoCity Shopping Mall. Buy2Sell has launched a cosmetics store at Lotte Mart Vietnam, offering attractive choices and new selections of high-end cosmetic brands from Europe, South Korea, and the […]

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Retail Asia18/03/2021

Economic stability, positive investor sentiment, strong demand, and a diverse range of products are keeping the property market robust. The assumption that Covid-19 would cause the market to slump has proven baseless, and market research aftermarket research shows property prices increasing across the board. Vietnam’s bright economic prospects and strategies adopted by many major property […]

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Retail Asia04/03/2021

Retail chain Big C plans to rebrand all its outlets as Tops Market or GO! this year, laying the Big C name to rest after 22 years in Vietnam. Thailand’s Central Retail, its owner, began the process on March 1 by changing the names of three Big C outlets in HCM City, in An Phu […]

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Retail Asia08/02/2021

KASIKORNBANK (KBank) is gearing up to become The Bank of AEC+3 after the State Bank of Vietnam granted approval for the opening of a branch in Ho Chi Minh City, Vietnam. The Bank aims to serve Thai business customers, including large corporate and SME clients who have invested in Vietnam, as well as local retail […]

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Retail Asia29/01/2021

Rents for coworking office space in HCMC decreased 12 percent year-on-year last year due to the impacts of the Covid-19 pandemic, a report says. The occupancy rates of coworking office space in Grade A and B buildings last year plunged by 7 percentage points as its supply experienced the lowest growth since 2017 to 6 […]

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Retail Asia26/01/2021

HCMC’s average hotel occupancy rates dropped 54 percentage points year-on-year to 20 percent last year as Covid-19 travel restrictions hit foreign arrivals, a report says. Over 3,600 hotel rooms were closed last year as the number of foreign tourist arrivals plunged 85 percent year-on-year to 1.3 million, according to real estate consultancy Savills. Average room […]

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Retail Asia24/11/2020

The Hanoi-HCMC route is the world’s second-busiest in November after South Korea’s Jeju-Seoul, according to British aviation analysis company OAG. The flight route connecting Vietnam’s two largest cities, which takes around two hours, has nearly 893,000 seats scheduled for November, while the route between South Korean capital Seoul and Jeju Island has 1.3 million. The […]

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Retail Asia29/10/2020

The average rent for serviced apartments in HCMC has fallen to a five-year low as the Covid-19 pandemic stifles demand. The $23 per square meter per month price tag in the third quarter marks a 10 percent year-on-year fall, according to data compiled by real estate consultancy Savills. Occupancy fell 19 percentage points to 65 […]

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Retail Asia26/10/2020

The Ho Chi Minh City Real Estate Association has called for regulating accommodation-sharing services like Airbnb for better management and taxation. Such services have become popular in Vietnam in recent years as they help meet the large demand for low-cost accommodation from tourists and fetch homeowners an income from spare apartments and rooms, it said […]

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Retail Asia11/09/2020

HCMC has proposed that a subsidiary of Samsung be defined as an export processing enterprise to enjoy zero import and export duties. The city said in a recent proposal to Prime Minister Nguyen Xuan Phuc that switching the label of TV screen producer Samsung Electronics HCMC CE Complex (SEHC) from a manufacturing enterprise to an […]

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Retail Asia14/01/2020

The HCMC Lottery Company Ltd. made pretax profits of over VND1.3 trillion ($56.29 million) last year, up 13.7 percent from 2018. Its revenues were up 15.2 percent to VND8.9 trillion ($385.4 million), it said in a release. Three percent of its revenues came from printing and rents. While traditional lottery tickets accounted most of the revenues, […]

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Retail Asia18/11/2019

Coworking startup WeWork plans to open two more offices in Ho Chi Minh City’s District 1 this month. One of them will be at Lim Tower 3, and rents will start at VND6.9 million ($297) per month for a single-seat, according to the company’s website. Another will be on Sonatus Building, with prices starting at […]

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Retail Asia31/05/2019

HCMC’s proposal to impose a special consumption tax on mobile phones has drawn protests from experts, who said they are not a luxury product. Dr. Nguyen Thanh Binh of the Ministry of Planning and Investment’s Institute of Policy and Development said the proposal should be carefully considered since no other country levies a luxury tax […]

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Retail Asia20/02/2019

A new index puts Hanoi 13th and HCMC 15th on the list of 20 most expensive Southeast Asian cities. The new Cost of Living Index for the region has been compiled by Numbeo.com, the world’s largest database of user contributed data about cities and countries worldwide. According to Numbeo, a person spends on average $447.25 […]

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Retail Asia17/01/2019

Hotel room rates in Hanoi and HCMC, at around $110 a night, are the second most expensive in Southeast Asia behind only Singapore. Real estate services firm CBRE Vietnam said at a recent conference that the performance of the four- and five-star hotel segments was very strong in 2018 due to limited supply but constantly […]

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