Vietnamnet
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Will Spotify trigger a battle in the online music market?
Analysts still believe that Spotify will have a hard time succeeding in Vietnam, where people usually sign up for free music websites. But others believe they will prosper as their free and paid services offer the same quality of music.
Vietnam’s e-commerce prospers as growth rate soars
The 2018 Vietnam E-Business Index that was released by the Vietnam E-commerce Association (VECOM) showed an overall 25% growth rate in e-commerce. More than 4,000 businesses were surveyed.
Sausage market still hot
The prediction about the saturation of the sausage market two years ago was a false alarm as the industry has had stable annual growth rate of 15-20%.
Cold supply chain: burning issue for Vietnam’s farm products
Farmers in Hanoi have had to throw away hundreds of tons of radishes because of slow sales, reflecting the weakness in Vietnam’s cold supply chain.
Investors happy about new cut in corporate income tax
The stock market has shown positive reactions to the disclosure of the government’s intention to slash the corporate income tax (CIT) from 20-22% to 15-17%.
Investors, retailers squeeze into prepared food market
VinaCapital has invested US$32.5 million in Ba Huan, a poultry egg producer, while Kido plans to join forces with a Thai partner to make bottled milk tea and herbal drinks.
Retailers flock to Vietnam as consumer spending soars
In 2014, Vietnamese were the most economical consumers in South East Asia in a Nielsen survey. However, their spending habits have changed.
Foreign real estate developers return as crisis is over
Vietnam attracted US$3 billion worth of foreign direct and portfolio investments to the real estate sector in 2017, a sharp increase of 80% over the year before.
Gear-motorbike market cutthroat for manufacturers
The gear motorbike market segment has become cramped with many models priced up to VND20 million.
Vietnam’s textile & garment industry expect big benefits from EVFTA
Once the EU-Vietnam FTA (EVFTA) is signed and the tariff is cut to zero percent, textile and garment exports to the market may obtain 7-8% growth rate per annum, experts say.