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Japanese home-furnishing retailer to set-up shop in southern Vietnam

Nitori, a home-furnishings retailer from Japan is set to open its first in Vietnam’s Binh Duong province, in winter of this year, Japan Today is reporting. Vietnam has become popular among Japanese retailers keen to tap into Vietnam’s rapidly expanding middle-class. Other big Japanese retailers with a presence in Vietnam include Muji and Uniqlo.

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Saigon Thuong Tin Commercial Bank: Vietnam Stock Overview

October 16, 2024

In 2015, Sacombank merged with Southern Commercial Bank, the latter known as Phuong Nam in Vietnamese, which was in distress without about 50 percent of its debts considered bad at the time. This merger had a huge impact on Sacombank’s business performance in the period from 2016 to 2023 as it needed to set aside provisions for, as well as process, these bad debts. However, most of that assets have now been handled…

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Vietnam C.Bank raises reference rate, Tuesday

October 15, 2024

This Vietnamese Dong Tracker records the latest news and developments with respect to the local currency. It includes the current prices as well as State Bank of Vietnam monetary policy and open market operations including treasury bill issuances and interbank lending.

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Vietnam’s Economy in Q3 Beyond GDP Growth: Unpacked

October 15, 2024

Vietnam’s GDP grew by 7.4 percent in the third quarter of 2024 compared to 2023, according to data from the General Office of Statistics. This was higher than expected and bucked an understanding that it might take a hit off the back of Typhoon Yagi. This ostensibly positive news, however, seemed to overshadow another couple of key economic observations.

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Vietnam Wine Industry: Overview 2024

October 15, 2024

Vietnam’s wine industry has steadily grown, driven by an expanding middle class and a rising interest in wine culture. While traditionally dominated by beer and spirits, wine is becoming increasingly popular, particularly in urban areas. The domestic wine industry is centred around the Central Highlands, with Dalat being the hub of local production. Brands like Ladora Winery and Vang Dalat are well-known, offering affordable and accessible options to Vietnamese consumers…

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Vietnam’s regtech industry could reach US$175 Million in 2024: Report

October 15, 2024

The report posits that the regtech sector will experience steady growth over the next several years, with a compound annual growth rate of 22 percent during the 2024-2029 period. This sustained expansion reflects the increasing demand for regulatory technologies in areas such as financial services, data protection, and risk management…

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