Bars, cafés earn $3.3 bln in revenue


Bars, cafés earn $3.3 bln in revenue

Independent bars and cafés in Vietnam earned VND77.2 trillion ($3.3 billion) last year, up 5.7 percent from 2017, a market research firm says. Together with chained cafés and bars, sales reached VND88 trillion ($3.8 billion) last year, up 6 percent from 2017, according to market research firm Euromonitor. With 31,180 outlets in the country, sales…

Grab promises to invest $500 million into Vietnam


Grab promises to invest $500 million into Vietnam

Ride-hailing company Grab is going to focus some of its efforts on Vietnam with a $500 million investment over the next five years to grow its activities in the country. While Grab started as a ride-hailing company, it is now much more than that. The company has become a “super app” that you can open…

Your Next Kindle Could be Made in Vietnam


Your Next Kindle Could be Made in Vietnam

Trump’s trade war isn’t just killing American jobs and costing you more in the pocketbook; it’s also killing jobs in other countries as well. The Nikkei reports that Amazon and many other tech companies are looking at shifting their manufacturing from mainland China to other countries in response to the tariffs imposed by Trump. Dell…

VN to be among world’s most dynamic markets by 2030


VN to be among world’s most dynamic markets by 2030

With an emerging market economy and continued strong growth, Việt Nam is set to become one of the most dynamic markets in the world by 2030, according to Euromonitor International, a global market research company. Published last month, the research database has found that Việt Nam will be the third biggest urban market by consumer…

Indian carrier GoAir plans direct flights to Hanoi


Indian carrier GoAir plans direct flights to Hanoi

Low-cost carrier GoAir has announced plans to launch direct India-Hanoi flights by the year-end as part of its expansion strategy in Southeast Asia. This is the second Indian carrier that has revealed plans to operate direct flights to the Vietnamese capital this year. Earlier, budget carrier Indigo said it plans to launch daily direct flights…

Vietnam’s population reaches 96 million, ranks 15th globally


Vietnam’s population reaches 96 million, ranks 15th globally

Vietnam’s population reached over 96.2 million as of April 1, making the country the world’s 15th most populous country and the third in Southeast Asia, after Indonesia and the Philippines, heard participants in a teleconference on July 11. The statistics released at the teleconference on preliminary results of the 2019 Vietnam Population and Housing Census…

Vietnam becomes tech hub in Southeast Asia: EETimes Asia


Vietnam becomes tech hub in Southeast Asia: EETimes Asia

With its fast-growing tech industry and young, educated workforce, Vietnam is emerging as an innovation and technology hub in Southeast Asia, EETimes Asia has reported. In a recent article, EETimes Asia said electronics production in Vietnam has been attracting a lot of attention in recent years and the ongoing US-China trade war has helped to…

Samsung SDS acquires 25% stake in Vietnam’s IT service firm


Samsung SDS acquires 25% stake in Vietnam’s IT service firm

Samsung SDS will become the largest shareholder of Vietnamese IT services company CMC Corporation, it said Sunday, noting that the investment is expected to contribute to expanding its business in the Southeast Asian market. The IT services arm of Samsung Group signed a formal contract with CMC on the strategic investment in Hanoi, Friday. Under…

Vietnamese enterprises make the most of EVFTA


Vietnamese enterprises make the most of EVFTA

The Vietnam-EU Free Trade Agreement (EVFTA), a new-generation free trade agreement between Vietnam and 28 EU member countries, and the Comprehensive and Progressive Trans-Pacific Partnership Agreement (CPTPP) are two FTAs with the broadest scope and the highest level of commitment Vietnam has ever signed. The deal offers Vietnamese businesses opportunities to increase and boost their…

Vietnam remains fastest-growing economy in Southeast Asia in 2019: ADB


Vietnam remains fastest-growing economy in Southeast Asia in 2019: ADB

The Asian Development Bank (ADB) maintained its forecast for Vietnam’s GDP growth at 6.8% in 2019 and 6.7% for 2020, making the country the fastest-growing economy in Southeast Asia in the period, according to the bank’s latest Asian Development Outlook (ADO) report. ADB’s report also predicted Vietnam’s inflation rate this year to reach 3.5%, lower…