coca cola pepsico and pg sued for contributing to plastic crisis

Coca-Cola, PepsiCo, and P&G sued for contributing to plastic crisis

Coca-Cola, PepsiCo, and Procter & Gamble are being sued by a Californian environmental group called Earth Island Institute for creating huge plastic pollution and misleading consumers about the recyclability of plastic.
moit confirms steady supply of consumer goods at supermarkets

MoIT confirms steady supply of consumer goods at supermarkets

The Ministry of Industry and Trade (MoIT) confirmed that the goods reserves are still plentiful to ensure adequate supply for people.
qualcomm ready to scale 5g to consumers in vietnam

Qualcomm ready to scale 5G to consumers in Vietnam

5G will offer businesses a steppingstone to untapped commercial opportunities. In this trend, a number of technology giants are making new moves to tap into the opportunities. Nam Thieu, country manager of Qualcomm Vietnam, Laos, and Cambodia, discussed with VIR’s Bich Thuy the group’s future strategies in Vietnam to support the country on its digital transformation path.
e commerce and fmcg markets shaken by outbreak

E-commerce and FMCG markets shaken by outbreak

Amid the current coronavirus epidemic, the fast-moving consumer goods and e-commerce sectors have experienced a tumultuous period.
vietnam consumer confidence down in the face of covid 19

Vietnam Consumer Confidence down in the face of COVID-19

The COVID-19 outbreak has cost 54 points in the 2020 Vietnam Consumer Confidence, foreshadowing huge downturns in many domestic sectors.
covid 19 economics behind the pricing of face masks

COVID-19 – economics behind the pricing of face masks

The outbreak of the COVID-19 has caused some irrational fear and misconceptions concerning the magnitude and severity of the public health emergency. As of February 23, 2020, the coronavirus (COVID-19) has infected a total of 78,771 people and caused 2,462 deaths across 31 countries and territories, which makes a fatality rate of 3.1 per cent. The fact that there is no official cure for the virus, and that it has proven to be highly contagious, has added to the widespread panic in Asia, including Vietnam. The virus has led us to significant price hikes in consumer goods, notably face masks.
vietnams business community gauges 135 per cent fall in 2020 revenue

Vietnam's business community gauges 13.5 per cent fall in 2020 revenue

Though still positive, the Vietnamese business community has a more negative outlook for the year ahead. Around 84 per cent noted business being negatively impacted by the coronavirus with an estimated reduction of 13.5 per cent in revenue in 2020, according to the first Business and Consumer Confidence Index Post Coronavirus Outbreakreleased by Infocus Mekong Research.
masan consumer bags half the shares in net detergent jsc

Masan Consumer bags half the shares in Net Detergent JSC

Masan HPC Co., Ltd. (Masan HPC) has successfully acquired 52 per cent of the shares in Net Detergent JSC at an average price of VND48,000 ($2.08) per share, implying a full valuation of $46 million and a price to earnings multiple of 13x.
oil market chilled by virus impact on china growth

Oil market chilled by virus impact on China growth

Oil prices have fallen victim to economic worries sparked by a deadly virus spreading from China, the world's second-biggest economy and a huge consumer of crude.
consumers lean towards modern payment methods

Consumers lean towards modern payment methods

A new study has found that the majority of Vietnamese cardholders is interested in using biometric authentication methods such as fingerprints or facial recognition to complete transactions, rather than the traditional PIN method or passwords.
japanese fashion giants see new frontier in vietnam

Japanese fashion giants see new frontier in Vietnam

Japanese fashion brands are swooping into Vietnam as local consumers become more brand-sensitive as they grow prosperous.
volkswagen in talks to settle german dieselgate mass lawsuit

Volkswagen in talks to settle German 'dieselgate' mass lawsuit

Car giant Volkswagen said Thursday it would open talks on a possible settlement in a mass lawsuit brought by hundreds of thousands of German diesel car owners over emissions cheating.
pork prices put pressure on cpi in 2020 experts

Pork prices put pressure on CPI in 2020: experts

The goal of keeping inflation below four per cent in 2020 would depend heavily on pork prices, heard a conference co-organised by the Academy of Finance and the Department of Price Management under the Ministry of Finance on Friday in Ha Noi.
tech giants take starting positions

Tech giants take starting positions

After a successful 2019, international technology giants are eyeing Vietnam’s consumer market for the next year as the country’s rapid digital transformation offers bright prospects on the back of a new legal framework and an ever-growing demand for innovative technologies. Bich Thuy reports.
lotte finance toasts first year of business in vietnam

Lotte Finance toasts first year of business in Vietnam

Lotte Finance made its first foray into Vietnam’s consumer finance market a year ago, and to mark the meaningful occasion, Kim Jong Geuk, CEO of Lotte Finance Vietnam, talked with VIR’s Ngan Ha about the country’s financial market, the company’s achievements over the past year, and outlines what it will do to bring wealth and value to consumers.