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Retail Asia23/01/2023

Vietnam Airlines reported a loss of VND10.09 trillion ($430.3 million) last year and blamed it on rises in fuel prices and exchange rate volatility. Its revenues were worth around VND71 trillion, equivalent to 70% of revenues in 2019 before the Covid-19 pandemic hit but higher than the combined figures of 2020 and 2021. As of […]

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Retail Asia18/01/2023

Vietnam Airlines has expanded its Tet schedule for a fourth time with 108 additional flights with 20,000 seats. The airline said most of the flights are from HCMC and Hanoi to Vinh, Thanh Hoa, Hai Phong, Da Nang, and Hue. In all there will 9,200 flights with 1.9 million seats between January 1 and February […]

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Retail Asia17/01/2023

Hanoians are struggling to book ride-hailing and delivery services during the runup to Tet (Lunar New Year holidays). Hoang Viet of Nam Tu Liem District had an interminable wait before he could get a motorbike on a ride-hailing app on January 15 evening. He said: “The apps kept saying all drivers nearby were busy. It […]

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Retail Asia12/01/2023

Coca-Cola Vietnam set a world record for the largest Vietnamese Tet meal table with the participation of 1,000 multi-generation families in Ho Chi Minh City on January 8. The meal was recognized as a record-setting event by the World Records Union (Worldkings). This record honors the tradition of family reunions over Tet meals and conveys the message […]

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Retail Asia05/12/2022

Consumer goods, including vegetables and seafood, have seen prices surge by double digits in the last month. Oanh in Ho Chi Minh City’s District 1 said prices have risen in recent weeks at a traditional market she often shops at. “The price of snakehead fish this morning was VND20,000 up from last week to VND90,000.” […]

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Retail Asia28/10/2022

Air ticket prices for Vietnam’s upcoming biggest holiday Tet has doubled year-on-year as tourism demand resumed after a Covid-19 induced hiatus. A return trip from Ho Chi Minh City to Hanoi from Jan. 19 to 26, when most people return to their hometown to celebrate Vietnam’s Lunar New Year, which costs at least VND5.5 million […]

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Retail Asia09/02/2022

Major factories in Ho Chi Minh City reported over 90 percent of employees returning to work after the nine-day Tet holiday, abating employer concerns of a labor shortage. Some factories with high return rates are Samsung electronics manufacturer HCMC CE Complex (95 percent) and motor parts maker Nidec Sankyo (94 percent). Other manufacturers like Intel […]

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Retail Asia07/02/2022

The VN-Index began the new lunar year with a 1.5-percent jump Monday morning, led by aviation and energy stocks. It gained 22 points to 1,503 points at 11.20 as the market reopened after the nine-day Tet break, reaching a near four-week high. It represents a 4.1-percent recovery from the bottom of 1,439 points reached on January […]

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Retail Asia10/01/2022

Thousands of workers of Taiwanese-invested footwear maker Pouchen Vietnam, a Nike contract manufacturer, struck work Friday, demanding the same Tet bonus as last year. They refused to return to work after finishing their lunch to protest the company’s policy to pay less bonus than last year for the coming Tet (Lunar New Year) festival. Tet, […]

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Retail Asia18/11/2021

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Air tickets for the upcoming Tet holiday are in low demand as people are reluctant to make travel plans due to the long quarantine time and a rising number of Covid-19 cases. In previous years, Loan’s family had usually finished booking six Tet (Vietnam’s Lunar New Year) air tickets for the Ho Chi Minh City – Da […]

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Retail Asia28/12/2020

Vietravel Airlines, Vietnam’s sixth carrier, has received permission to fly aircraft for commercial purposes, and plans to begin operations in mid-January. It received the aircraft operator certificate from the Civil Aviation Authority of Vietnam (CAAV) last week, the last permit it needed to fly. Vietravel would start selling tickets in January, Vu Duc Bien, its […]

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Retail Asia27/01/2020

With a week to go before the Lunar New Year, or Tet, supermarkets in Hanoi are thronged with shoppers.

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Retail Asia27/01/2020

Many people in Hanoi and Saigon were unable to withdraw cash from ATMs while online bank transfers also took longer than usual during the weekend. Three ATMs belonging to a bank on Hanoi’s Pham Ngoc Thach Street stopped working several times in the past few days, including on early Saturday evening when all simultaneously flashed that […]

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Retail Asia27/01/2020

Banks, ATMs, and online banking systems have been overloaded towards the end of the Lunar New Year, forcing customers to wait long hours. Hoa went to a major bank on Hanoi’s Duy Tan Street early one recent afternoon to process the payment of a loan. She was happy to notice that her turn would come […]

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Retail Asia27/01/2020

Taxis are refusing to charge by the meter and ride-hailing apps have doubled ‘peak hour’ prices and added surcharges as Tet draws close. Monday evening, five days before the Lunar New Year (Tet), Hoang Viet requested a car on ride-hailing app Grab. He was surprised to find that his 14-kilometer trip from an office block in […]

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Retail Asia13/02/2019

Vietnam recorded the fourth highest mobile in-app ad revenues (eCPM) in the Asia-Pacific region during Tet 2018. It ranked behind China, Singapore and the Philippines, according to a report recently released by Vietnamese digital advertising service company Adsota. The report also showed that app downloads were the highest 10 days prior to Tet in 2017, while downloads […]

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Retail Asia30/01/2019

Banks have hiked deposit interest rates by 0.1-0.5 percentage points as the country’s spending demand surges prior to Tet. Private lender Asia Commercial Bank last Friday introduced a new interest schedule with an increase of 0.2-0.3 percentage points in rates on most deposit terms. It also offers rates proportional to the amount of deposit. Techcombank, another […]

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Retail Asia29/01/2019

The surge in demand for cars before the Lunar New Year means customers have to wait or pay extra to get immediate delivery. With only weeks to go for the Lunar New Year Festival (Tet), which falls on February 5 this year, consumers are rushing to order automobiles leading to a shortage in the market. […]

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Retail Asia09/01/2019

With Vietnamese banks reporting substantial profits last year many of their employees are expecting higher Lunar New Year bonuses. The banking sector’s overall profit before tax increased by 40 percent year-on-year, according to the National Financial Supervisory Commission. Vietcombank, the largest bank by market capitalization, said in a recent report that its consolidated pre-tax profit […]

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Retail Asia31/12/2018

Average New Year bonus given by HCMC firms to an employee is VND3.4 million ($146), 30 percent higher than in 2018. For the 2019 Roman Calendar New Year, bonuses have been significantly higher than in 2018, Le Minh Tan, director of the HCMC Department of Labor, Invalids and Social Affairs said, citing a survey. The […]

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