baemin vietnam trims operations amid intense market competition

Baemin Vietnam trims operations amid intense market competition

Baemin Vietnam is allegedly reducing its scale and staff in Vietnam, pointing to the intense and unprofitable market conditions in a region brimming with high consumer expectations and fierce competition.
economic conditions taint consumer finance prospects

Economic conditions taint consumer finance prospects

The challenges facing the consumer finance sector have become evident this year, as numerous companies reported declining business results in the first half.
thailand to liberalise oil imports

Thailand to liberalise oil imports

The Thai Ministry of Energy will liberalise oil imports by allowing private companies to import finished oil products, to provide more options to consumers in the wake of high energy prices, Energy Minister Pirapan Salirathavibhaga was cited by local media as saying.
best business practices involving kols in vietnam

Best business practices involving KOLs in Vietnam

For businesses wishing to evolve and market to the current and next generation of consumers, understanding the impact of key opinion leaders (KOLs) is crucial for sustained future success. Nguyen Pham The Lan, lawyer at Dentons LuatViet, observes how businesses that are slow to adapt to this new influence in consumer behaviour are at severe risk of falling behind.
nearly 2000 thai businesses forced to close in july

Nearly 2,000 Thai businesses forced to close in July

Many Thai businesses are struggling to continue operations, with 1,867 enterprises shutting up shop in July, The Nation newspaper reported.
cpi level encounters new pressures

CPI level encounters new pressures

Besides an increase in the basic salary, factors including a potential climb in electricity prices and rebound in consumption could put efforts to control inflation under pressure.
buy now pay later offering unique substantial value

Buy now, pay later offering unique, substantial value

The buy now, pay later fintech segment is attracting strong attention of businesses and consumers and is considered the new piece of the financial market pie. Nguyen Anh Cuong, co-founder and CEO of Fundiin, told VIR’s Nguyen Thu about the advantages and potential barriers in Vietnam
showa brain navi wins at golden board of vietnam typical intellectual entrepreneurs 2023

Showa Brain Navi wins at Golden Board of Vietnam Typical Intellectual Entrepreneurs 2023

Showa Brain Navi Vietnam Co., Ltd. (SBNV) has won three award categories at the Golden Board of Vietnam Typical Intellectual Entrepreneurs 2023, making it one of Vietnam's leading excellent brands for Vietnamese consumers.
diverse retail players turn heads towards interior design

Diverse retail players turn heads towards interior design

Vietnam’s furniture industry is witnessing adaptation and diversification as businesses tap into the lucrative domestic market of interior design, driven by evolving consumer preferences.
us based gologiq to acquire vietnams symplefy

US-based GoLogiq to acquire Vietnam's Symplefy

US-based fintech and consumer analytics provider GoLogiq is set to acquire Vietnamese payroll and human resource (HR) fintech company Symplefy.
key trends in consumer goods market in 2023

Key trends in consumer goods market in 2023

Advanced technological development has been driving the development of the consumer goods industry to a new level, bringing more value, personalisation, and connectivity to create a better experience.
vietnams booming economy fuels financial services demand

Vietnam's booming economy fuels financial services demand

As Vietnam carves out its position as a dynamic emerging economy, the shifting lifestyles and escalating income levels of its citizens are creating a surge in demand for consumer goods and personal finance services. This growing appetite for personal finance planning and advisory services has thrust the sector to the forefront of strategic planning for financial institutions across the nation.
masans net revenues reach 157 billion in first half of 2023

Masan's net revenues reach $1.57 billion in first half of 2023

Masan Group Corporation (HSX:MSN) on July 28 released its unaudited management accounts for the first half of 2023, when challenging macro conditions continued to put a dent in both consumer and business confidence.
visa expands digital payment acceptance for electricity bills in vietnam

Visa expands digital payment acceptance for electricity bills in Vietnam

Visa, a world leader in digital payments, announced on July 21 that electricity consumers will now be able to enjoy the convenience and security of paying their energy bills with their Visa cards.
clearing up issues related to recycling costs

Clearing up issues related to recycling costs

Many foreign-invested producers are concerned about the high recycling costs, which could create a significant financial burden for their businesses and potentially lead to increased product prices for consumers. Being a representative for the policy marker parties, I would like to clarify some basis for building the formula to help the business community have clear knowledge on this issue.