Tag: vietnal

Retail Asia26/04/2023
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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 […]

Retail Asia10/02/2023
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4min0
Major pork producers posted losses in the last quarter of 2022 as animal feed costs rose and consumer demand dropped as people tightened spending. Dabaco Vietnam, the country’s biggest husbandry firm, recorded a VND79 billion ($3.34 million) loss in the last quarter, the first quarterly loss in five years. BaF Vietnam saw expenses exceed revenue […]

Retail Asia08/12/2022
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1min0
The U.S. dollar gained over the Vietnamese dong marginally at several banks Thursday morning but dropped on the black market. Vietcombank sold the dollar at VND24,060 Thursday, up 0.17% from Wednesday. TPBank increased the rate by 0.02% to VND24,200. Eximbank kept the rate unchanged at VND24,020, and Techcombank maintained it at VND24,025. The State Bank […]

Retail Asia04/11/2022
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3min0
The Ministry of Industry and Trade has requested state-run gasoline and oil wholesalers to sell their commercial reserves to mitigate fuel shortages in some localities. Minister of Industry and Trade Nguyen Hong Dien on Wednesday asked PVN, Petrolimex, Mipec, Petimex and Thanh Le General Import-Export Trading Corporation to sell their reserves. Usually, wholesalers are supposed […]

Retail Asia19/04/2021
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1min0
Restaurant chain operator Golden Gate saw its post-tax profit plunge 79.8 percent year-on-year to VND65 billion ($2.8 million) in 2020. It posted VND4.5 trillion in revenue, down 5 percent year-on-year, according to its financial statement. Golden Gate attributed the plunge in profits to the Covid-19 pandemic, which forced the company to temporarily close all of […]

Retail Asia31/05/2019
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3min0
Vietnam’s first 5G phone call was made Friday on the network of Viettel, the country’s largest telecommunications company. The trial called, made publicly with the participation of the Ministry of Information and Communications, showed that the speed of Viettel’s 5G mobile network connections reached 1.5-1.7 Gigabits per second, far exceeding the theoretical limit of the […]


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