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Category: General

Retail News Asia is committed to providing both local and global retailers with the latest General Retail news throughout the Asian market. This on a daily base.

  • Tupperware Makes a Retail Return to Singapore

    Tupperware Makes a Retail Return to Singapore

    The kitchen icon that revolutionised food storage is making a return to the heart of Singaporean homes. Fackelmann Housewares, the exclusive distributor in Singapore, is proud to announce the official retail launch of Tupperware®, bringing the “True Original” back to consumers through a modern retail model.

    For decades, Tupperware was available primarily through direct sales. This new partnership with Fackelmann marks a strategic shift, making the brand’s comprehensive range of innovative, sustainable, and nostalgic products more accessible than ever before via major department stores and digital platforms.

    “Generations of Singaporeans have grown up with the satisfying snap of a Tupperware seal—a sound synonymous with freshness and quality,” says Wendy Tan, Commercial Manager, Fackelmann Singapore. “By bringing Tupperware to retail shelves, we are reviving a heritage of ingenious design and practical function for a new wave of eco-conscious families who value the ‘Buy Once, Love for Life’ ethos.”

    Masterful Design for Modern Living

    The Tupperware legacy is rooted in practical innovation. In the 1940s, chemist Earl Tupper transformed food preservation by adapting the concept behind airtight seal of paint cans for the home, a breakthrough designed to help families reduce food waste during the post-depression and wartime era. This led to the creation of the iconic Wonderlier® Bowl, a product that redefined kitchen habits and set a new global standard for food storage. Today, Tupperware stands as a trusted household name and a global cultural icon, recognised by Euromonitor as the world’s #1 brand in the category (2022).

    The new Singapore collection, curated by Fackelmann, bridges the gap between mid-century nostalgia and 21st-century material science.

    Solutions for Everyday Needs: Product Highlights

    The launch features Tupperware’s most beloved lines, specifically selected to bring seamless organisation and effortless harmony to modern urban living:

    * Pantry Perfection (Modular Bowl Sets): Engineered to maximise vertical space in Singapore’s urban homes, this stackable system transforms pantry storage into an organised masterpiece. These airtight, modular containers ensure staples like flour, rice, and snacks remain fresh and protected. With clear, built-in windows for instant identification, the collection eliminates cabinet clutter and brings effortless efficiency to everyday meal prep.

    * Freshness First (Freezable Container Sets): Tailored for the rigours of the modern freezer, these high-performance containers are crafted from a premium, flexible material, they adapt effortlessly to food expansion during freezing and remain crack-resistant at temperatures as low as -25°C. The flexible material ensures easy unmoulding, keeping your ingredients in pristine condition.

    * The Heritage Collection (Wonderlier® & Servalier Bowls): Reimagined in a dreamy new pastel palette, these global bestsellers return to celebrate a legacy of excellence dating back to 1946. Merging vintage charm with modern durability, the collection features scratch-resistant interiors and the signature “instant seal” technology. By simply pressing the centre of the lid, users can lock in freshness and flavour with a single touch—a testament to the fact that truly iconic design is timeless.

    * Sustainable Living On-the-Go: Committed to a greener future, the collection introduces the Eco Bottle series—a range of durable, leak-proof, and stylish vessels designed to eliminate single-use plastics. For the modern professional, the Microwave series offers a sophisticated solution for healthy, homemade lunches. These microwave-safe bowls feature a specialised steam-vent valve to regulate pressure and a secure, leak-proof seal that prevents splatters, ensuring a seamless and refined dining experience in any workspace.

    Tupperware products are now available online at Metro web site and TikTok shop, and will be available at major departmental stores including Isetan, OG, Metro, Takashimaya and Tangs in the coming months.

  • “Wings for Leaders”: Vietjet’s SkyBoss returns with a refined premium travel experience

    “Wings for Leaders”: Vietjet’s SkyBoss returns with a refined premium travel experience

    Vietjet is reintroducing its premium fare class, SkyBoss, offering Singapore passengers a refined and seamless travel experience on key routes between Singapore and Vietnam, including Hanoi, Ho Chi Minh City, Da Nang and Phu Quoc. Inspired by the spirit of “Wings for Leaders,” SkyBoss is designed for travellers who value comfort, efficiency and thoughtful service, whether flying for business or leisure.

    Available on routes to and from Vietnam, including Singapore-Vietnam routes, SkyBoss delivers a personalised journey from the ground to the sky, with every detail carefully curated to balance emotional comfort with operational convenience at every touchpoint.

    From the moment passengers arrive at the airport, the “Wings for Leaders” experience takes shape. Dedicated check-in counters, boarding, and access to premium lounges ensure each journey begins in a calm, relaxed, and well-prepared state.

    On board, the experience is further elevated with unlimited hot and freshly prepared meals, featuring familiar Vietnamese favourites such as Pho, Banh Mi, Vietnamese milk coffee, matcha latte, and more. Each meal goes beyond nourishment, offering a comforting sense of familiarity and attentive care throughout the flight.

    Completing the SkyBoss experience is Vietjet’s cabin crew, renowned for their warm, cheerful, and attentive service. Professional yet approachable, the crew are always present at the right moments, delivering thoughtful care that reflects Vietjet’s distinctive service spirit.

    Alongside its service excellence, Vietjet continues to build on its strengths in operating a high-frequency domestic and international network, particularly across key economic and tourism routes, including four Singapore-Vietnam direct services. This allows passengers greater control over their time and more efficient planning for both business and leisure travel.

    More than just a class fare, SkyBoss represents a premium travel experience focused on comfort, efficiency and thoughtful service at every stage of the journey.

    Applicable Routes

    All international routes to and from Vietnam, including routes between Singapore and Vietnam:Singapore Hanoi/Ho Chi Minh City/ Da Nang/ Phu Quoc

    All-inclusive fares for flights between Singapore and Vietnam
    – One-way fares starting from just SGD210/one-way (including taxes and fees) (varying by route and travel period)

    SkyBoss Service Privileges (Terms and Conditions Apply)
    – Carry-on baggage allowance up to 10kg
    – Checked baggage allowance up to 30kg plus one golf club set
    – Access to premium lounges at departure airports (during operational hours)
    – Priority for seat selection, check-in, and boarding
    – Unlimited hot and fresh inflight meals with beverages
    – Dedicated customer hotline: +84 1900 6896

  • Vietnam’s Economy Soars with 8.02% GDP Growth in 2025, Claiming Second Highest Spot in Two Decades

    Vietnam’s Economy Soars with 8.02% GDP Growth in 2025, Claiming Second Highest Spot in Two Decades

    The Vietnamese economy experienced significant growth in the last year, with an impressive rate of 8.02%, marking the second-highest growth rate in the past 15 years. This growth was primarily fueled by the services and industry sectors. In the final quarter of the year alone, the economy expanded by 8.46% on a year-on-year comparison, as per the data from the General Statistics Office.

    Steady Growth Amid Global Economic Volatility

    Vietnam has demonstrated a remarkable economic performance in the face of global economic instability. This instability has been particularly marked by trade tensions and reciprocal tariff policies from the United States. Despite these challenges, Vietnam’s growth rate was the highest amongst Southeast Asian nations and one of the highest globally. The last time the economy grew at a higher rate was in 2022, with an expansion of 8.12%, following the Covid-19 pandemic.

    Economic Indicators

    In 2025, the Gross Domestic Product (GDP) of Vietnam rose to US$514 billion, and the per capita income reached $5,026. These figures have positioned Vietnam as an upper-middle-income nation. Nevertheless, the inflation rate for the year experienced a slight increase, reaching 3.31%.

    The services sector emerged as the largest contributor to the Vietnamese economy, accounting for 51.1% of the total. The industry and construction sectors followed with a 43.6% contribution, while the remainder was made up by agriculture, forestry, and fisheries.

    In terms of trade, Vietnam hit a new record with a total value of $930 billion, reflecting an 18.2% rise from the previous year. The export value increased by 17%, totaling $475 billion.

    In the same year, there was a notable increase in enterprise registration and revival, with 297,500 businesses registered or revived, marking a 27.4% surge.

    Future Economic Prospects

    Looking forward, the National Assembly has set an ambitious GDP growth target of 10% for the upcoming year. Achieving this target will increase the per capita income to a range of $5,400 to $5,500.

    Questions & Answers

    What was the growth rate of the Vietnamese economy last year?
    The Vietnamese economy grew at a rate of 8.02% last year.

    What sectors mainly drove Vietnam’s economic growth?
    The growth of the Vietnamese economy was primarily driven by the services and industry sectors.

    What is the GDP growth target set by the National Assembly for the next year?
    The National Assembly has set a GDP growth target of 10% for the next year.

  • Thai Giant Central Retail Waves Goodbye to Vietnam’s Electronics Market, Selling Nguyen Kim Amid Mounting Losses

    Thai Giant Central Retail Waves Goodbye to Vietnam’s Electronics Market, Selling Nguyen Kim Amid Mounting Losses

    Thai conglomerate Central Retail has finalized the sale of its entire share in Nguyen Kim Electronics, signifying its departure from the consumer electronics industry in Vietnam following successive years of financial losses.

    Deal Details

    The transaction, which reached completion in the latter part of last year, resulted in the transfer of full ownership of Nguyen Kim to Pico Holdings, a domestic retailer. The deal’s value is believed to be approximately $36 million, equating to a $190 million loss in comparison to the original purchasing price Central Retail paid for the company, without considering any losses incurred through trading activities.

    Strategic Shift

    Insiders from Vietnam suggest that this sale aligns with Central Retail’s strategic vision to refocus its Vietnamese operations towards sectors with more promising growth trajectories. These sectors include supermarkets, food retail, and shopping center management. Central Retail is the parent company of the Go hypermarket and Tops supermarket brands.

    Historical Context

    Central Retail first penetrated the Vietnamese electronics sector over a decade ago. In 2015, the company acquired a 49% stake in Nguyen Kim, before ultimately gaining full control in 2020 after purchasing the remaining 51% of shares.

    Market Challenges

    Industry analysts have pointed out that the electronics chain has grappled with numerous challenges in recent years. These include intensified market competition and weakened consumer demand, both of which significantly contributed to Central Retail’s resolution to exit the market.

    Questions & Answers

    Why did Central Retail sell its stake in Nguyen Kim Electronics?
    Central Retail sold its stake in Nguyen Kim Electronics due to cumulative financial losses and the company’s decision to reorient its focus towards more profitable sectors in Vietnam such as supermarkets, food retail, and shopping center management.

    What was the financial impact of this deal?
    The deal’s estimated value is around $36 million, indicating a $190 million loss for Central Retail when compared to their initial investment, excluding any trading losses.

    What challenges did Central Retail face in Vietnam’s consumer electronics market?
    Central Retail faced numerous challenges in the Vietnamese electronics sector, including increased competition and a decline in consumer demand.

  • Singapore Retail Boom: Record 5.8% Jump in Sales Marks November’s Highpoint of 2025

    Singapore Retail Boom: Record 5.8% Jump in Sales Marks November’s Highpoint of 2025

    In November, Singapore’s retail sales, excluding motor vehicles, saw an upswing of 5.8%, making it the most substantial rise recorded for the year 2025.

    Singapore’s Retail Landscape

    Data provided by the Department of Statistics indicates that the estimated total retail sales value for the month was approximately SG$3.9 billion (equivalent to US$3 billion). Of this total, online transactions accounted for nearly a fifth, or 19.3%.

    When comparing the sales on a seasonally adjusted basis, it was found that November’s retail sales witnessed a modest increase of 0.8% in comparison to the previous month, October.

    Performance by Sector

    An industry-wise analysis revealed that several sectors reported significant rises in sales. The sales of recreational goods, watches and jewellery, and cosmetics, toiletries and medical goods saw a surge between 11.4% and 13.9% year-on-year.

    Moreover, other sectors, including apparel and footwear, supermarkets and hypermarkets, mini-marts and convenience stores, furniture and household equipment, and computer and telecommunications equipment, also registered growth, with an increase in sales between 6.1% and 9.4%.

    However, not all sectors experienced growth during this period; petrol service stations and food and alcohol retailers reported sales declines of 6.7% and 3.1% respectively.

    Food and Beverage Services Sector

    Meanwhile, the food and beverage services sector reported a rise of 2.5% in sales during November, a slight increase compared to the 2.4% rise seen in October. The total sales value of the F&B services for the month was estimated at SG$1 billion, with a significant 24.8% derived from online sales.

    Questions & Answers

    What was the overall growth in Singapore’s retail sales in November, excluding motor vehicles?
    The overall growth in Singapore’s retail sales, excluding motor vehicles, was 5.8% in November.

    Which sector reported the most significant growth in sales?
    The sectors of recreational goods, watches and jewellery, and cosmetics, toiletries and medical goods reported the most significant growth, with an increase between 11.4% and 13.9%.

    Did all sectors experience growth in November?
    No, not all sectors experienced growth. Both petrol service stations and food and alcohol retailers saw sales declines of 6.7% and 3.1% respectively.

  • Hong Kong Retail Sales Enjoy 7-Month Winning Streak with 6.5% Rise in November

    Hong Kong Retail Sales Enjoy 7-Month Winning Streak with 6.5% Rise in November

    Hong Kong’s retail sector has seen a seventh consecutive month of increased sales, with a 6.5% rise in value during November, according to government reports. The retail sales for the month totalled HK$33.7 billion (US$4.33 billion), demonstrating a steady incline when compared to the 6.9% increase recorded in October of the same year.

    Volume and Value

    Notably, the volume of retail sales in November saw a 4.4% increase compared to the same month in the previous year. This was slightly less than the 5.3% growth experienced in October. However, despite the ongoing monthly gains, the total retail sales for the first 11 months of 2025 only experienced a slight 0.4% increase in value when compared to the previous year. Furthermore, the volume of retail sales actually decreased by 0.9% over this period.

    Sustained Economic Growth

    A government spokesperson has expressed optimism towards the ongoing retail recovery, stating, “The gradual improvement in local consumption sentiment amid sustained economic growth, combined with the vibrant growth in inbound visitors, will continue to benefit retail businesses.”

    The number of visitors to Hong Kong in November was reported as 4.19 million, marking a 17.4% increase from the previous year. Mainland China contributed significantly to these figures, accounting for 3.04 million visitors – an 18.9% increase year-on-year.

    Sales across Different Sectors

    Different sectors within the retail industry have seen varied degrees of growth. Sales of high-value items such as jewellery, watches, clocks, and valuable gifts saw a smaller increase of 3.6% in November, compared to the revised 9.4% growth in October. Similarly, the sales of clothing, footwear and related products increased by 2% year-on-year in November, following a slight 0.9% rise in October.

    Questions & Answers

    What is the overall trend of Hong Kong’s retail sales?
    The overall trend shows a steady increase, with November marking the seventh consecutive month of growth.

    Which sectors experienced the most growth?
    High-value items such as jewellery, watches, clocks, and valuable gifts, as well as clothing, footwear, and related products experienced growth.

    What factors contributed to the growth of Hong Kong’s retail sector?
    The government spokesperson attributed the growth to improved local consumption sentiment, sustained economic growth, and an increase in inbound visitors, particularly from mainland China.

  • Dreame Technology Unveils First Flagship Store in Hong Kong: A New Era for Smart Home Appliances

    Dreame Technology Unveils First Flagship Store in Hong Kong: A New Era for Smart Home Appliances

    Dreame Technology, a leading name in smart home appliances, has further solidified its foray into the brick-and-mortar retail sector by opening its inaugural flagship store in Hong Kong.

    Premier Location

    Nestled within Mira Place in the bustling district of Tsim Sha Tsui, the store proudly displays the full array of Dreame’s product portfolio. This includes a wide range of smart home appliances, such as robotic vacuum cleaners, wet-and-dry floor cleaners, cordless vacuum sticks, hair care equipment, and air purifiers.

    Experience-Centric Space

    The flagship store has been thoughtfully curated as an experiential hub, where consumers have the opportunity to physically interact with the products and test them out before making a purchase. While the store prominently features floor-care solutions, it also introduces a variety of personal care and air treatment products to the Hong Kong market for the first time. These include high-speed hair dryers and an innovative all-in-one air purifier.

    Commitment to Premium Retail Experiences

    Before establishing its physical presence, Dreame initially made its way into the Hong Kong market via online platforms and collaborations with third-party retailers. The launch of this flagship store is a clear indication of Dreame’s ongoing commitment to providing premium retail experiences to consumers. It also underscores the company’s dedication to direct consumer engagement and its strategic plans for long-term growth in major urban markets.

    Questions & Answers

    What is the location of Dreame Technology’s new flagship store?
    The new flagship store is located in Mira Place in the Tsim Sha Tsui district of Hong Kong.

    What types of products does the store feature?
    The store showcases a wide range of Dreame’s smart home appliances, including robotic vacuum cleaners, wet-and-dry floor cleaners, cordless vacuum sticks, hair care equipment, and air purifiers. It also introduces several personal care and air treatment products to the Hong Kong market.

    What does the launch of the flagship store signify for Dreame Technology?
    The opening of the flagship store shows Dreame’s commitment to providing premium retail experiences, engaging directly with consumers, and planning for long-term growth in urban markets.

  • Vinpearl CEO Resigns Amid Revenue Decline, Remains on Board: Search for Successor Underway

    Vinpearl CEO Resigns Amid Revenue Decline, Remains on Board: Search for Successor Underway

    Dang Thanh Thuy, who most recently held the position of CEO at Vinpearl, the hospitality division of Vingroup conglomerate, has tendered his resignation. Despite his resignation as CEO, Thuy will continue to serve on the Vinpearl board.

    Immediate Successor Yet to Be Named

    The news of Thuy’s departure from the CEO position was made public on a recent Thursday. However, Vinpearl has not yet announced who will take over the role or the specific reasons for Thuy’s resignation.

    About Dang Thanh Thuy

    Thuy, aged 56, holds a Bachelor’s degree in literature. He has been part of Vinpearl since 2004. Thuy has had a significant career with Vinpearl, having held the position of chairman from January 2023 to March 2024. Moreover, he has also served as Vingroup’s deputy CEO from 2012 to 2016.

    Overview of Vinpearl

    Recognized as one of Vietnam’s leading hospitality brands, Vinpearl boasts a vast portfolio of 48 hotels, resorts, theme parks, and golf courses, spread across 18 cities and provinces in the country.

    Vinpearl’s Financial Performance

    The third quarter of 2025 saw the hospitality giant report revenues of VND3.09 trillion (US$117.5 million), indicating a significant drop by 40.7% compared to the previous year. The company’s post-tax profits for the same period were marked at VND169 billion, showing a decline by 66.6%. Furthermore, the company’s profits for the first nine months fell by 86%.

    Vinpearl is 85% owned by Vingroup, a conglomerate chaired by billionaire Pham Nhat Vuong.

    Questions & Answers

    Who is Dang Thanh Thuy?
    Dang Thanh Thuy is the former CEO of Vinpearl, a division of Vingroup conglomerate. He joined Vinpearl in 2004 and has contributed significantly to the company in various roles.

    Who will replace Dang Thanh Thuy as CEO of Vinpearl?
    The successor to Dang Thanh Thuy as CEO of Vinpearl has not yet been announced following his recent resignation.

    How has Vinpearl’s financial performance been in recent times?
    Vinpearl’s third quarter report of 2025 showed a significant drop in revenues and post-tax profits, with a year-on-year decline of 40.7% and 66.6% respectively. The company’s profits for the first nine months fell by 86%.

  • Hanoi-HCMC Flight Path Soars: Retains Spot as 4th Busiest Global Route in 2025

    Hanoi-HCMC Flight Path Soars: Retains Spot as 4th Busiest Global Route in 2025

    Data from an aviation intelligence firm has revealed that the flight route between Hanoi and Ho Chi Minh City in Vietnam was the fourth busiest worldwide in 2025, with a total of 11.07 million seats. There was a 4% rise in seat numbers from the previous year, continuing a trend which has placed the route within the top ten busiest globally for eight consecutive years.

    Cost and Competition

    The average cost of a one-way journey on this route was US$67 in 2025, representing an 11% decrease from 2024. Six different airlines operated on this route in 2025, indicating high levels of competition. The largest operators were Vietnam Airlines and Vietjet, both offering numerous flights daily along the 1,000-kilometre route.

    New and Existing Operators

    In the final quarter of 2025, new entrant Sun Phu Quoc Airways began operating on this route. Other airlines offering services on this route included Bamboo Airways, Pacific Airlines and Vietravel Airlines.

    Global Rankings

    The top five busiest flight routes of 2025 were largely consistent with the previous year. Holding the top spot was South Korea’s Jeju International-Seoul Gimpo route with 14.38 million seats. This was followed by Japan’s Sapporo New Chitose-Tokyo Haneda route with 12 million seats, and the Fukuoka-Tokyo Haneda route with 11.5 million seats.

    In fifth place was Saudi Arabia’s Jeddah-Riyadh route with 9.8 million seats, displacing Australia’s Melbourne-Sydney route which fell to sixth place. The Jeddah-Riyadh route also saw the fastest growth rate, with a 13% increase in seat capacity, and was the sole non-Asia-Pacific route among the top ten.

    Questions & Answers

    What has been the trend for the Hanoi-Ho Chi Minh City flight route over the last eight years?
    The Hanoi-Ho Chi Minh City route has consistently been within the top ten busiest flight routes globally for eight consecutive years.

    Which airlines operate on the Hanoi-Ho Chi Minh City route?
    Six airlines operated on this route in 2025: Vietnam Airlines, Vietjet, Sun Phu Quoc Airways, Bamboo Airways, Pacific Airlines, and Vietravel Airlines.

    Which flight route was the fastest growing in 2025?
    The Jeddah-Riyadh route in Saudi Arabia was the fastest-growing in 2025, with a 13% increase in seat capacity.

  • Scoot Airline Employee Pilfers $31K from In-Flight Sales: A High-Flying Heist Unravelled

    Scoot Airline Employee Pilfers $31K from In-Flight Sales: A High-Flying Heist Unravelled

    A cabin crew member of Scoot, a low-cost airline based in Singapore, has been found guilty of misappropriating nearly SGD40,000 (approximately US$31,000) from the sales of food and beverages on the airline over the course of almost two years, as revealed by court documents.

    Criminal Breach of Trust

    Luqman Hakim Shahfawi, aged 31, had been serving as a complex leader, a high-ranking role within the cabin crew responsible for supervising inflight operations. Shahfawi admitted his guilt to one charge of criminal breach of trust, which pertained to over SGD22,000. The court is set to consider a second charge concerning the remaining sum of nearly SGD18,000 during the sentencing on February 3.

    Beginning of Misdeeds

    The court found that Shahfawi’s fraudulent actions commenced after he unintentionally lost two bags filled with cash from inflight food and beverage sales. Fearful of being found out by his superiors, he decided to retain the money when the initial loss went unnoticed.

    As a complex leader, Shahfawi was tasked with reconciling the items sold with the sales proceeds and logging this information into Scoot’s system at the conclusion of each flight. He was also responsible for delivering the cash bag to Scoot’s office and depositing it in a safe within 48 hours.

    Escalation of Fraud

    When Shahfawi lost two cash bags in 2023, he failed to report the losses to his superiors. He subsequently decided to keep the bags and the cash they contained, after all his flights, out of fear that his superiors would discover he lost the initial two bags.

    From July 2023 to March 2025, Shahfawi committed a total of 366 offenses. Investigation revealed that he utilized the stolen funds to repay debts he owed to unlicensed moneylenders. He confessed his actions to the company and was arrested in March 2025.

    Questions & Answers

    What was the role of the accused?
    Luqman Hakim Shahfawi served as a complex leader with Scoot, a role that involves supervising inflight operations.

    What led to Shahfawi’s fraudulent actions?
    Shahfawi’s fraudulent actions began after he misplaced two bags of cash from inflight sales and kept the money when the loss went unnoticed.

    What happened after his misdeeds were discovered?
    Shahfawi confessed to the company and was subsequently arrested in March 2025.

  • Vietjet Strengthens Regional Aviation Capacity with New Long Thanh Hangar, Launches Inaugural Flight to Vietnam’s Largest Airport

    Vietjet Strengthens Regional Aviation Capacity with New Long Thanh Hangar, Launches Inaugural Flight to Vietnam’s Largest Airport

    Vietjet has marked two significant milestones at Long Thanh International Airport with the topping-out of its international-standard aircraft maintenance hangar and the operation of its inaugural flight to the airport. Long Thanh International Airport is being developed as Vietnam’s largest international airport once fully completed supporting the country’s and Vietjet’s long-term aviation and connectivity needs. These milestones further strengthen regional connectivity and operations through Vietjet’s growing network, including key markets such as Singapore.

    The aircraft maintenance facility, which broke ground on 19 August 2025, forms part of the Aircraft Maintenance and Engineering Center complex at Long Thanh. Developed on an 8.4-hectare site with a total investment of up to USD100 million, the project comprises Hangars No. 3 and No. 4. The facility is designed, managed, and supervised by leading international consultants Mace (United Kingdom) and Apave (France).

    Once completed, the hangars will be able to accommodate up to six narrow-body and two wide-body aircraft simultaneously, or up to ten narrow-body aircraft. The project incorporates a long-span steel structure engineered to support large-scale aircraft maintenance operations and future fleet growth.

    The topping-out was completed on schedule despite complex construction conditions, reflecting close coordination between Vietjet and its international partners. When operational, the facility is expected to strengthen regional maintenance capacity, reduce reliance on overseas technical services, and improve cost-efficiency across the airline’s operations, while supporting skilled employment in the aviation sector.

    On the same day, Vietjet operated its inaugural flight, VJ038, from Tan Son Nhat International Airport to Long Thanh International Airport using an Airbus A321neo aircraft. The flight marks an early operational milestone as Long Thanh progressively transitions into a key hub for Vietnam’s international air traffic.

    With a modern fleet and an extensive regional network, Vietjet continues to invest in infrastructure and operational capability to support long-term growth and connectivity across Southeast Asia, as demand for air travel within the region continues to rise.

  • Vietjet Chairwoman Dr. Nguyen Thi Phuong Thao Conferred Vietnam’s Labor Hero Title

    Vietjet Chairwoman Dr. Nguyen Thi Phuong Thao Conferred Vietnam’s Labor Hero Title

    Dr. Nguyen Thi Phuong Thao, Chairwoman of Vietjet, has been awarded the title of Labor Hero, one of Vietnam’s highest state honours, recognising her sustained contributions to national development and regional economic integration.

    Over more than three decades, Dr. Nguyen Thi Phuong Thao has played a significant role in shaping Vietnam’s modern economic landscape across aviation, finance, investment, and technology. Her leadership has been marked by a consistent focus on disciplined growth, technology adoption, and governance frameworks aligned with long-term national and regional interests.

    As founder and leader of Vietjet, Vietnam’s first private airline, she has helped expand access to air travel while strengthening the country’s connectivity with major business and tourism hubs across Southeast Asia, Northeast Asia, Australia, and beyond. Vietjet has carried hundreds of millions of passengers, enabled millions of first-time flyers, and supported cross-border trade, investment, and cultural exchanges within the ASEAN region and beyond.

    For Singapore, Vietjet’s continued expansion has reinforced air links between Vietnam and one of Southeast Asia’s most important financial and commercial centres, supporting growing demand for business travel, tourism, and supply-chain mobility between the two markets.

    Reflecting on the honour, she said: “The past and the present come together as we move toward the future, connected by a shared will and belief in a prosperous Vietnam reaching out to the world. This honor is a meaningful source of pride and encouragement for tens of thousands of dedicated employees across our organisations.”

    Beyond aviation, Dr. Nguyen Thi Phuong Thao has been closely involved in addressing complex infrastructure and system-level challenges through technology-driven solutions. These include digital transformation initiatives in aviation operations, the adoption of biometric technologies to improve passenger processing efficiency, the rapid deployment of technology platforms during the Covid-19 pandemic, and the stabilisation of the Ho Chi Minh City Stock Exchange’s trading system at a critical moment for market confidence.

    In 2025, her international engagement expanded further through large-scale cooperation agreements with global partners, contributing to Vietnam’s trade balance, investment inflows and the growing credibility of Vietnamese enterprises within global financial and governance ecosystems.

    Alongside business leadership, Dr. Nguyen Thi Phuong Thao has remained active in humanitarian and community initiatives, with a long-standing focus on supporting women, children, students, and vulnerable communities. She has consistently emphasised that sustainable economic growth must be anchored in human development and social responsibility.

    As Southeast Asia’s first self-made female billionaire, Dr. Nguyen Thi Phuong Thao has received wide international recognition, including Bloomberg 50, Forbes’ World’s 100 Most Powerful Women, and Business Insider’s 100 People Transforming Business in Asia. She has also been awarded France’s Legion of Honour, the country’s highest civilian distinction, in recognition of her outstanding global contributions.

  • Vinpearl CEO Dang Thanh Thuy Steps Down: A Turn of Tide in Vietnam’s Hospitality Giant

    Vinpearl CEO Dang Thanh Thuy Steps Down: A Turn of Tide in Vietnam’s Hospitality Giant

    Dang Thanh Thuy has stepped down from her position as chief executive officer of Vinpearl, Vingroup’s resort division. Despite her resignation, Thuy continues to hold a seat on the organization’s board. Vinpearl has not yet announced a successor or the reasons behind Thuy’s departure.

    Background of Dang Thanh Thuy

    Thuy, 56, holds a Bachelor’s degree in literature. She joined the ranks of Vinpearl in 2004 and has held significant positions in the company over the years. She served as the chairman of Vinpearl from January 2023 to March 2024, and from 2012 to 2016, she was the deputy CEO of Vingroup.

    Vinpearl’s Status in the Hospitality Industry

    Vinpearl stands as one of the foremost hospitality brands in Vietnam, boasting an impressive portfolio of 48 hotels, resorts, theme parks, and golf courses spread across 18 provinces and cities.

    Financial Performance

    In the third quarter of 2025, Vinpearl reported revenues of VND3.09 trillion (US$117.5 million), marking a 40.7% decrease year-on-year. The company’s post-tax profits stood at VND169 billion, falling 66.6%. Furthermore, its profits for the first nine months of the year saw a drastic decline, plummeting by 86%.

    Vinpearl is primarily owned by Vingroup, with an ownership stake of 85%. The conglomerate’s chairman is renowned billionaire, Pham Nhat Vuong.

    Questions & Answers

    Who was the previous CEO of Vinpearl?
    Dang Thanh Thuy was the former CEO of Vinpearl.

    What significant positions did Dang Thanh Thuy hold in Vinpearl and Vingroup?
    Dang Thanh Thuy served as the chairman of Vinpearl from January 2023 to March 2024 and was the deputy CEO of Vingroup from 2012 to 2016.

    What was the financial performance of Vinpearl in the third quarter of 2025?
    In the third quarter of 2025, Vinpearl reported revenues of VND3.09 trillion (US$117.5 million), a 40.7% decrease year-on-year. The company’s post-tax profits stood at VND169 billion, a decrease of 66.6%.

  • Hanoi-HCMC Soars High: World’s 4th Busiest Flight Route for Second Year Running

    Hanoi-HCMC Soars High: World’s 4th Busiest Flight Route for Second Year Running

    The flight route between Hanoi and Ho Chi Minh City (HCMC) once again ranked as the fourth busiest worldwide in 2025, boasting a seat capacity of 11.07 million, according to data from an aviation intelligence firm. The route saw a 4% increase in seat numbers from the previous year.

    Consistent Top Contender

    The Hanoi-HCMC route has consistently held a position in the top ten busiest flight routes over the past eight years. Notably, this was its fourth consecutive year in the fourth position.

    The average cost of a one-way flight along this route decreased by 11% in 2025, with the current average ticket price sitting at $67. This is highly competitive due to the presence of six carriers operating the route in 2025.

    Vietnam Airlines and Vietjet are the main operators on this 1,000-km route, providing several daily flights. The recent addition of Sun PhuQuoc Airways in the last quarter has added to the competition on this route. Other service providers on this sector include Bamboo Airways, Pacific Airlines, and Vietravel Airlines.

    Global Ranking: Top Five Busiest Flight Routes in 2025

    When it comes to the world’s busiest flight routes in 2025, the top five remain largely unchanged from the previous year. South Korea’s Jeju International-Seoul Gimpo route takes the lead with 14.38 million seats, followed by Japan’s Sapporo New Chitose-Tokyo Haneda with 12 million seats and Fukuoka-Tokyo Haneda with 11.5 million seats.

    Saudi Arabia’s Jeddah-Riyadh route, with a seat capacity of 9.8 million, has dethroned Australia’s Melbourne-Sydney route (8.9 million seats) to claim the fifth spot. Interestingly, the Jeddah-Riyadh route also reported the fastest growth, with a 13% increase in seat capacity. It is also the only non-Asia-Pacific route in the top ten.

    Questions & Answers

    What was the fourth busiest flight route in 2025?
    The flight route between Hanoi and Ho Chi Minh City ranked as the fourth busiest flight route in 2025.

    Which flight routes were the busiest in 2025?
    The busiest flight routes were South Korea’s Jeju International-Seoul Gimpo, Japan’s Sapporo New Chitose-Tokyo Haneda, Fukuoka-Tokyo Haneda, Vietnam’s Hanoi-HCMC, and Saudi Arabia’s Jeddah-Riyadh.

    Which route showed the fastest growth in 2025?
    Saudi Arabia’s Jeddah-Riyadh route reported the fastest growth, with a 13% increase in seat capacity.

  • Indonesia’s Wealthy on Tax Radar as Government Battles Soaring Budget Deficit

    Indonesia’s Wealthy on Tax Radar as Government Battles Soaring Budget Deficit

    The Indonesian government is increasing its tax scrutiny on its wealthy residents and large corporations in light of a significant national budget deficit. This action is part of a broader initiative to enhance tax collections amidst a challenging year for revenue in Southeast Asia’s most substantial economy. The current budget deficit is closing in on the 3% of GDP ceiling.

    Intensified Tax Scrutiny

    Large corporations, especially those under local magnate control, have been requested to provide additional tax payments in 2025. Some family-owned businesses have been asked to contribute over US$5 million.

    Circumstances grew more complicated when a subset of these firms resisted the new demands. Tax authorities then proposed a compromise, suggesting companies pay 30% of the requested amount. The calculation method for this figure, however, was not disclosed.

    Finance Ministry’s Director-General of Taxes, Bimo Wijayanto, verified the summoning of high-net-worth taxpayers. In a press briefing on December 18, he described the move as a standard procedure meant to make tax data more accurate. He also mentioned that this initiative offers taxpayers an opportunity to provide explanations, voluntarily rectify their tax returns, and ensure compliance.

    The exact number of individuals and businesses contacted for this matter remains unknown.

    The “Hunting in a Zoo” Phenomenon

    End-of-year drives to boost tax revenue are not uncommon in Indonesia. Critics and business leaders often refer to this as “hunting in a zoo.” This metaphor refers to the tendency to focus on a small group of large, formal taxpayers who are easier to track, rather than broadening compliance across the country’s expansive informal economy.

    According to data from the Finance Ministry, tax receipts are currently significantly below targets. Collections up to the end of November amounted to 79% of a decreased full-year aim, a drop from nearly 90% over the same period the previous year.

    Experts believe that weak collections, coupled with subdued economic conditions and softer commodity prices, have led to Indonesia’s budget deficit forecast hitting 2.78% of GDP. This estimate is the highest in two decades, excluding the years affected by the COVID-19 pandemic.

    Questions & Answers

    Why is the Indonesian government increasing tax scrutiny on wealthy individuals and corporations?
    The government is trying to address a significant national budget deficit by enhancing tax collections.

    What compromise has been proposed to companies resisting additional tax payments?
    The tax authorities have suggested that these companies pay 30% of the requested amount.

    How are end-of-year efforts to increase tax revenue perceived in Indonesia?
    These efforts are often referred to as “hunting in a zoo,” indicating a focus on a small pool of large, formal taxpayers rather than seeking to expand compliance across the country’s vast informal economy.