Business
Vietreader's Business section covers Vietnam's business and economy. It reports on tech, retail, finance, startups, entrepreneurship, and more
China's Exports Slow, Imports Decline, as Trade Challenges Loom
According to the latest data from China's General Administration of Customs, China's exports grew 6.7% in November, lower than the expected 8.5% and a slowdown from the previous month's 12.7% increase. Meanwhile, the world's second-largest economy saw a 3.9% decline in imports, the steepest drop in
Japanese Entrepreneur's Vietnam Wholesale Startup Kamereo Raises $15 Million
Kamereo, a food wholesale startup founded by a former Pizza 4P's Japanese executive, has raised $15 million over 6 years since its inception.
Two Top Candy Companies May Merge
Mondelez, Owner of Oreo and Cadbury, Reportedly Considering Acquiring Hershey to Create One of the World's Largest Confectionery Companies
The 30-Year Journey of Vietnam's Advertising Industry
Vietnam's advertising industry has come a long way over the past 30 years. From humble beginnings in the early 1990s following the country's economic reforms, it has grown into a sophisticated and vibrant sector that plays a crucial role in Vietnam's modern economy and society. In this article, I
Tupperware Brands Files for Bankruptcy Protection
After years of struggling financially, iconic consumer brand Tupperware has filed for Chapter 11 bankruptcy protection. The filing comes amid mounting debts and sinking sales for the once high-flying seller of plastic food storage containers.
McDonald's Closes their Iconic Saigon Store after 10 Years of Operation
One of McDonald's earliest outlets in Vietnam has served its last meals. The iconic Saigon branch located in downtown Ho Chi Minh City on Tran Hung Dao Street has officially shut down after a decade in business.
Vietnam imports over $80 million worth of pepper in first 7 months of 2024
Pepper is known as "black gold" in Vietnam as the country has long been one of the world's leading producers and exporters of the prized spice. However, Vietnamese businesses still need to import significant amounts of pepper each year due to supply constraints.
The Rise of Pika Le: The Startup Behind Vietnam's Fastest Growing Beverage Brand
In just 4 months, the Pika Le beverage chain has opened over 30 outlets solely in Hanoi. Developed around a takeaway model without seating, the “Divine Lemon Water” brand has rapidly expanded its presence like mushrooms after rain, becoming a notable phenomenon in Hanoi’s food and beverage market.
AVSE Global's 13th Anniversary Commemoration Ceremony
The commemorative ceremony was attended by representatives from domestic agencies, ministries and branches, university presidents, representatives from corporations, experts, influential Vietnamese, media and press agencies, and members and associates of AVSE Global worldwide.
Hundreds of Millions Vanish from Bank Accounts in Hanoi
Customers of the Vietnam Maritime Bank's Thanh Xuan branch in Hanoi were shocked earlier this year to discover that over 338 billion dong (approximately 15 million USD) had disappeared from their savings accounts overnight. The incident has attracted significant public attention and raised
Unemployment Rates Among College Graduates in the United States
This report will analyze unemployment rates among recent college graduates in the United States based on their chosen major field of study. The data shows significant variation in employment outcomes depending on one's area of specialization. Understanding trends in unemployment by college major
Pacific Airlines Announces Restructuring to Increase Efficiency
A representative from Pacific Airlines has announced that the company will be restructuring its fleet and flight routes as part of efforts to ensure and enhance operational effectiveness. During this period, some flight routes may change schedules or temporarily suspend operations. The airline's
VinGroup Founder Establishes New Companies to Support Business Growth
Pham Nhat Vuong, the founder and chairman of Vingroup - Vietnam's largest private conglomerate, has established three new holding companies over the past year that aim to assist the long-term financial needs of its various business divisions. This move demonstrates Vuong's continued commitment to
Vingroup CEO Denies Land Grab Speculation as Group Exits Vincom Retail Business to Refocus Resources
Vingroup plans to divest from Vincom Retail, one of Vietnam's largest retail chains. Currently, Vingroup subsidiaries own a 99% stake in Sado Company, the largest shareholder of Vincom Retail. In March 2022, an agreement was signed for Vingroup to sell its entire stake in SDI Company, which holds
Reasons Why Many Vietnamese Don't Buy Cars at The Beginning of The Year
After the Lunar New Year holidays, many people in Vietnam tend to choose investment channels over buying cars, resulting in a downward trend in the country's automobile production.
Vietnam's wooden exports saw a robust start in the new year of 2024, recording significant growth in January despite global economic headwinds
According to a report from Vietnam's Ministry of Agriculture and Rural Development, the country raked in $1.49 billion from wooden goods exports last month, representing a sharp rise of 72.5% year-on-year. This outstanding performance has boosted optimism across the timber industry as players gear