beer behemoths feel the brunt of curfews and lockdowns in major consumer markets

Beer behemoths feel the brunt of curfews and lockdowns in major consumer markets

Giant beermakers have had to endure a bitter taste financially in the third quarter, but all expect to recover their profits next quarter when the pandemic is under control.
gas and oil hikes put strain on businesses

Gas and oil hikes put strain on businesses

The escalating petroleum and oil prices are exacerbating pressure on the consumer price index and economic growth, leaving many households and business with an unbearable burden on their balance sheets.
half of vietnamese consumers need more exercise and healthier diets

Half of Vietnamese consumers need more exercise and healthier diets

1 in 2 (54 per cent) of consumers in Vietnam told the Asia Pacific Health Inertia Survey 2021 of Herbalife Nutrition that their current mental and physical health was less than ideal. Compared to a year ago, Asia-Pacific consumers were largely split over whether their health is better or worse.
vpbank completes sale in fe credit to smbc group of japan

VPBank completes sale in FE Credit to SMBC Group of Japan

VPBank announced the completion of a 49 per cent stake sale of its consumer finance arm FE Credit by SMBC Consumer Finance Co., Ltd. (SMBCCF), a wholly-owned subsidiary of Japan’s Sumitomo Mitsui Financial Group Inc. (SMBC Group).
energy costs push spains inflation to 29 year high

Energy costs push Spain's inflation to 29-year high

Spanish consumer prices rose at their fastest pace since 1992 in October on the back of higher energy prices, official data showed Thursday.
timing right for ambitious electric vehicle takeover

Timing right for ambitious electric vehicle takeover

Electric vehicles are seemingly an irreversible trend in the automobile industry, and are expected to grow strongly across the world. With that, manufacturers in Vietnam are setting out ambitions to take their chances in the market – but inferior battery infrastructure and a lack of mechanisms to encourage consumers and support businesses will be urgently required first.
technologies that make up dulux exterior paint brand

Technologies that make up Dulux exterior paint brand

After 30 years of presence in Vietnam, Dulux – the famous premium paint brand of AkzoNobel – has become a familiar name to consumers. With the diverse and safe colour selection, Dulux is a pioneer in the application of advanced technologies to deliver paint production lines with truly outstanding features, especially exterior paints.
range of sectors to feel impact of new transactions

Range of sectors to feel impact of new transactions

Since the Law on Competition 2018 took effect two years ago, the Ministry of Industry and Trade has received 125 dossiers about economic concentration notifications, compared to the average 4-5 of these notifications annually from 2013 to 2017, according to the latest report by the Vietnam Competition and Consumer Authority.
local retailers fortify market share at home

Local retailers fortify market share at home

As Hanoians were able to go out on the streets to get breakfast, a coffee, and enjoy the chilly early autumn air last week, the city’s retail market showed signs of improvement after a period of low growth in which the total retail sales of consumer goods and services in the first nine months of the year fell by 7.1 per cent over the same period in 2020.
bright prospects for masan meatlifes branded chilled meat

Bright prospects for Masan MEATLife's branded chilled meat

Vietnam’s population is nearly 100 million people with an average age of 31 and a burgeoning young generation of consumers who are willing to spend. With its great development potential, the Vietnamese consumer retail market has been transforming vigorously, attracting foreign investors.
lets reduce plastic waste online campaign launched

"Let's reduce plastic waste" online campaign launched

"Let's reduce plastic waste" is expected to gradually change the behaviour of consumers and retailers, encouraging them to limit the use of single-use plastic bags.
xiaomi dives into aiot development to realise future vision

Xiaomi dives into AIoT development to realise future vision

As the global smartphone competition grows fiercer, many smartphone brands are developing new technologies for their upcoming models. However, Xiaomi is implementing a new strategy by investing in AI and the internet of things (AIoT) with a vision of bringing smart tech to everyone. Patrick Chou, country manager for Xiaomi Vietnam shared with VIR’s Thanh Van how Xiaomi is benefiting consumers with this vision.
asia pacific markets leap forward in digital banking innovation and adoption

Asia-Pacific markets leap forward in digital banking innovation and adoption

As consumer use of digital banking accelerates in the Asia-Pacific, the region’s emerging markets have become the hub of banking innovation for digital business models, according to McKinsey.
hanoi sees september cpi down 06 percent over previous month

Hanoi sees September CPI down 0.6 percent over previous month

Hanoi's consumer price index (CPI) in September decreased by 0.6 percent compared to the previous month and increased by 2 percent over the same period last year, according to the city's Department of Statistics.
zuru group keen on investment venture in nghe an province

Zuru Group keen on investment venture in Nghe An province

Kiwi toy manufacturing and consumer packaged goods firm Zuru Group is considering an investment venture in Nghe An, the largest province in Vietnam’s North-Central Coast.