domestic retail sector presenting bright picture

Domestic retail sector presenting bright picture

The consequences of the pandemic seem to no longer haunt the domestic retail industry, as sales of consumer goods and services continuously record stellar growth.
behind the 455 million valuation of phuc long

Behind the $455 million valuation of Phuc Long

With the synergy of resources from Masan’s consumer-retail ecosystem, Phuc Long has quickly scaled up its operation in terms of revenue, stores, and enterprise valuation.
acquisitions fuelling buy now pay later trends

Acquisitions fuelling buy now, pay later trends

Buy now, pay later is often an interest-free way for consumers to defer payments on purchases. For retailers that subsidise the offering, it is a way to encourage conversion and higher average ticket sizes.
bnpl products come to aid of consumers

BNPL products come to aid of consumers

The adoption of short-term financing by consumers continues to grow in Vietnam as local and foreign financial companies gear up to meet the soaring demand.
cashless payments take over the streets

Cashless payments take over the streets

Cashless payments made through scanning QR codes or other online payment methods at grocery stores or roadside eateries are becoming a bigger habit of many Vietnamese consumers.
home credit invests vnd200 billion into buy now pay later service

Home Credit invests VND200 billion into Buy Now Pay Later service

Home PayLater – a digital financial product with a VND200 billion ($8.7 million) investment – is set to enhance the convenience of consumers’ online shopping experiences.
sabeco results brewing up success

SABECO results brewing up success

The return of international tourism and stronger consumer demand, as well as enhanced production and cost savings, has helped Saigon Beer Alcohol Beverage Corporation, known as SABECO, post successful results for its second quarter.
evfta underpinning growth in vietnamese tech market

EVFTA underpinning growth in Vietnamese tech market

Changes in consumer behaviour and market trends over the past few years have forced us to rethink the role of technology. Eunjung Han, consultant at Rouse Legal Vietnam and vice chair of the Digital Sector Committee of the European Chamber of Commerce in Vietnam, looks at how the implementation of EU-Vietnam Free Trade Agreement and relevant government policies make impacts on the growth of the local tech market.
visa paving the way to an inclusive digital economy

Visa paving the way to an inclusive digital economy

Visa is empowering innovation in Vietnam, supporting consumers and businesses towards a digital economy.
empowered consumers prepared to make changes

Empowered consumers prepared to make changes

As reported on July 29, the PwC June 2022 Global Consumer Insights Pulse Survey has found that consumers are continuing to adapt to supply chain disruptions and increasing inflation. The survey captured the views of over 9000 consumers across 25 countries and territories, including Vietnam.
cpi goes up 254 per cent in seven months gso

CPI goes up 2.54 per cent in seven months: GSO

The July consumer price index (CPI) grew 0.4 per cent from the previous month, contributing to the year-on-year growth of 2.54 per cent in the first seven months of this year, the General Statistics Office (GSO) said on Friday.
finance firms club together

Finance firms club together

A centralised database for financial institutions could safeguard the interests of their clients and other legitimate third parties, as the consumer finance industry looks towards solid growth and an upbeat economic outlook.
thailand calls for businesses cooperation to stabilise product prices

Thailand calls for businesses’ cooperation to stabilise product prices

The Thai Commerce Ministry has called for continued cooperation from manufacturers to maintain product prices as long as possible in order to curb the negative impact on consumers.
plastic use drop hinges on consumers

Plastic use drop hinges on consumers

High investments in more environmentally-friendly recycling and alternative solutions for plastics and the existing habit of using single-use plastics are challenges that hinder businesses from developing circular economy solutions and promoting sustainable growth.
mainstreaming circular plastic plans

Mainstreaming circular plastic plans

The increased use of plastics has accompanied Vietnam’s fast economic growth over the last decade. With growing urbanisation and a rising middle class, the demand for plastics has grown rapidly in consumer packaging, construction, household goods, and automotive industries because of their convenience and versatility. In 2019, the plastic industry contributed about $17.5 billion to Vietnam’s economy, equivalent to 6.7 per cent of the country’s GDP.