Tag: Market

  • Fuel Price Revolution: Vietnam Gasoline Plummets Amid Global Market Fluctuations

    Fuel Price Revolution: Vietnam Gasoline Plummets Amid Global Market Fluctuations

    In Vietnam, gasoline prices experienced a reduction on Thursday afternoon, echoing the recent drop in global rates. The widely used fuel, RON95, underwent a decrease of 0.43%, bringing its cost down to VND18,630 (US$0.71) per liter.

    In a similar trend, the biofuel E5 RON92 also saw a price reduction, decreasing by 0.49% to a new price of VND18,280 per liter. Diesel, on the other hand, experienced a price hike with an increase of 2.43% which resulted in a new price of VND17,700 per liter.

    The change in fuel prices is reflective of the recent fluctuations in the global oil market. This volatility has been brought on by several different factors. These include the possibility of disruptions to oil supplies from Iran and ongoing tensions between the United States and Europe over issues pertaining to Greenland as reported by Vietnam’s Ministry of Industry and Trade.

    In terms of specific fuel types, RON95 saw a decrease of 0.6% to a new price of $72.4 per barrel globally, while the cost of diesel increased by 2.9% taking it to a price of $83.4 per barrel.

    Questions & Answers

    What was the new price of the RON95 fuel in Vietnam?
    The new price of RON95 fuel in Vietnam was VND18,630 per liter, which translates to US$0.71 per liter.

    How did the price of diesel change?
    The price of diesel experienced a hike of 2.43%, which resulted in a new price of VND17,700 per liter.

    What factors have been affecting the global oil market recently?
    The global oil market has been affected by various factors including possible disruptions to oil supplies from Iran and ongoing tensions between the United States and Europe over Greenland-related issues.

  • Burberry Sees Remarkable Christmas Sales Boost, Thanks to Chinese Market Surge

    Burberry Sees Remarkable Christmas Sales Boost, Thanks to Chinese Market Surge

    Burberry, the iconic British luxury brand, surpassed its holiday season sales forecasts, with the most significant surge being noted in its Chinese market.

    4th Quarter Financial Overview

    According to the latest fiscal report of the quarter ending December 27, Burberry witnessed a 3% annual increase in comparable store sales, leading to a revenue of £665 million. Of particular note was the growth in Greater China, which saw a 6% rise in store sales. The Asia Pacific (APAC) region also reported a sales increment of 5%. Unfortunately, no sales growth was observed in Europe and the Middle East during this period.

    Joshua Schulman, the CEO of Burberry, attributed these promising figures to the brand’s successful implementation of their Burberry Forward strategy. He cited an improved sales growth rate and enhanced revenue quality across different retail channels and geographical locations.

    Key to Success

    Burberry’s win in Greater China and APAC was primarily fuelled by a considerable uptick in Gen Z customers, who contributed to double-digit growth.

    Schulman commented on the positive customer response to Burberry’s immersive Timeless British Luxury campaigns and experiences. The brand’s core outerwear category continued to demonstrate resilience, with rising customer interests now also observed in accessories and ready-to-wear collections.

    “As we step into the 170th year of Burberry, these results substantiate the enduring strength of our iconic brand and instill confidence in the journey ahead,” Schulman added.

    Questions & Answers

    What was Burberry’s sales performance during the recent Christmas quarter?
    Burberry experienced a 3% year-on-year increase in comparable store sales during the Christmas quarter, achieving a revenue of £665 million.

    Which markets showed the strongest growth for Burberry?
    Greater China and the Asia Pacific (APAC) region were the strongest growth markets for Burberry, with sales rising by 6% and 5% respectively.

    What factors attributed to Burberry’s strong sales performance?
    The successful implementation of the Burberry Forward strategy, compelling Timeless British Luxury campaigns and experiences, and the consistent popularity of their core outerwear category are some factors that contributed to Burberry’s strong sales performance.

  • CarousellMobile Revolutionizes Preloved Phone Market – Introduces Singapore’s Largest Second-Hand Mobile Store

    CarousellMobile Revolutionizes Preloved Phone Market – Introduces Singapore’s Largest Second-Hand Mobile Store

    CarousellMobile, the mobile-centric division of Carousell, has announced the launch of its inaugural physical outlet at Chinatown Point. This move marks a new phase in the company’s growth, introducing a tangible retail presence to supplement its popular online platform.

    The Store Aims to Enhance the Shopping Experience

    The new physical location promises to offer an extensive range of pre-owned mobile devices, reportedly the most comprehensive selection available in a singular retail point within Singapore. This unique set-up will enable customers to personally inspect and try out devices prior to their purchase. This hands-on approach will provide potential buyers with the confidence that they are purchasing a product that meets their requirements and expectations.

    CarousellMobile’s customers will also have the option to peruse online listings for all available products or obtain a valuation quote for their existing devices before making an in-store visit.

    Extending the Life of Mobile Devices

    In addition to retail services, the store is committed to providing comprehensive services that prolong the lifespan of mobile devices. This includes providing certified pre-owned phones accompanied by warranties and flexible return policies, instant cash buybacks, trade-in options, and on-site repair services.

    Alvin Yap, the lead at CarousellMobile, shared his insights on the company’s latest venture. He emphasized the significance of physical interactions in building trust, especially when dealing with high-value items like phones and luxury bags. He added, “CarousellMobile is our solution to the anxiety that comes with purchasing pre-owned electronics.”

    Questions & Answers

    What does the new CarousellMobile store offer?

    The store offers a wide range of second-hand mobile devices, along with services such as instant cash buybacks, trade-ins, and on-site repair services. Customers can physically inspect and test products before purchasing.

    Where is CarousellMobile’s physical store located?

    CarousellMobile’s physical store is located at Chinatown Point.

    What does Alvin Yap, the lead at CarousellMobile, say about the new store?

    Alvin Yap emphasizes the importance of physical interactions in building trust when dealing with high-value items. He sees the new store as a solution to the anxiety often associated with buying used electronics.

  • US Fruits and Veggies Flood Vietnam Market: Imports Soar by 67%

    US Fruits and Veggies Flood Vietnam Market: Imports Soar by 67%

    Imports of U.S. fruits and vegetables to Vietnam have surged, showing a nearly 67% increase to US$900 million in 2025. This figure represents a tenfold increase from a decade ago and showcases the robust demand for U.S. produce in Vietnam. Among the top imports are cherries, apples, grapes, and oranges, as reported by Vietnam Customs.

    Disparity in Trade

    Despite the significant increase in imports from the U.S., Vietnamese exports to the U.S. have not shown the same growth. In 2025, the value of Vietnam’s fruit and vegetable exports to the U.S. was $546 million, a mere 1.49% share in a market dominated by suppliers from Mexico, Canada, and South American countries.

    Dang Phuc Nguyen, general secretary of the Vietnam Fruit and Vegetable Association, acknowledged the challenges of the U.S. market, noting its stringent technical standards and the geographical distance between the U.S. and Vietnam.

    Vietnam’s Position in the U.S. Market

    Vietnam currently ranks as the 13th largest fruit and vegetable supplier to the U.S., a position achieved through the concerted efforts of local businesses. There is potential for further growth in the U.S. market with the expanding list of fresh fruits allowed for export, including pomelo, mango, dragon fruit, longan, lychee, star apple, rambutan, and, most recently, coconut.

    Consumer trends in the U.S. are shifting towards exotic fruits, health-oriented products, and more processed items like frozen fruit, dried fruits, and juices. Vietnamese products like coconut, durian, and pomelo are becoming increasingly sought after in the U.S.

    Challenges to Exports

    Despite the potential for growth, Vietnamese exports face several hurdles. Starting from this month, the U.S. has tightened regulations on traceability and food safety, with a specific focus on pesticide residues. Inconsistent Vietnamese oversight of planting area codes and packaging facilities may lead to warnings or even temporary import suspensions by the U.S.

    The long distance between the two countries also incurs high logistics costs, making it challenging for Vietnamese fruits and vegetables to compete with suppliers closer to the U.S., such as those in Mexico, Peru, or Thailand.

    Changes in U.S. policies under the Trump administration have introduced unpredictability to trade defense measures designed to safeguard domestic agriculture. At the same time, green production, carbon emission, and social responsibility requirements in supply chains are gradually becoming mandatory, adding further pressure on exporters.

    Questions & Answers

    What are the top U.S. fruits imported by Vietnam?
    The top fruits imported by Vietnam from the U.S. are cherries, apples, grapes, and oranges.

    What are some of the challenges facing Vietnamese exports to the U.S.?
    Challenges include tightened U.S. regulations on traceability and food safety, high logistics costs due to geographical distance, and the increasing mandatory requirements related to green production, carbon emission, and social responsibility in supply chains.

    What potential does Vietnam have for growth in the U.S. market?
    There is significant potential for growth, especially as the list of fresh fruits permitted for export to the U.S. continues to expand. Moreover, with U.S. consumer trends shifting towards exotic fruits and health-oriented products, Vietnamese products like coconut, durian, and pomelo are gaining popularity.

  • Gold Prices Skyrocket Globally and in Vietnam: Impact of US Tariffs and Market Jitters

    Gold Prices Skyrocket Globally and in Vietnam: Impact of US Tariffs and Market Jitters

    On Tuesday afternoon, the price of gold in Vietnam hit a new historical high as global rates also achieved unprecedented levels. The price of a gold bar from Saigon Jewelry Company rose by 0.67%, reaching VND166.1 million (US$6,324.12) per tael, equivalent to approximately 37.5 grams or 1.2 ounces.

    The price of a gold ring similarly increased by 0.80%, costing VND163.5 million per tael. Since the start of the year, gold prices in Vietnam have seen an 8.7% increase.

    Internationally, the situation mirrored Vietnam’s, with gold surpassing $4,700 per ounce for the first time on Tuesday. Concurrently, silver traded near a record high. This sharp increase in precious metal prices can be attributed to the heightened global tension due to the threats by U.S. President Donald Trump of imposing additional tariffs on European allies. This political unrest has led to a surge in investment in safe-haven assets such as gold and silver.

    The spot price of gold rose by 1%, reaching $4,717.03 per ounce after achieving a record high of $4,721.91 earlier in the day. U.S. gold futures for February delivery also saw a significant increase, rising by 2.8% to $4,722.70 per ounce.

    Since the commencement of President Trump’s second term a year ago, gold prices have rallied more than 70%. Similarly, silver has seen a remarkable surge of more than 200%.

    Questions & Answers

    What caused the surge in gold prices?
    The surge in gold prices can be attributed to the heightened global tension due to U.S. President Donald Trump’s threats of imposing additional tariffs on European allies, sparking a rush into safe-haven assets like gold and silver.

    How much did gold prices in Vietnam increase?
    The price of a gold bar from Saigon Jewelry Company rose by 0.67%, reaching VND166.1 million (US$6,324.12) per tael. Since the start of the year, gold prices in Vietnam have seen an 8.7% increase.

    What has been the effect on silver prices?
    Similar to gold, silver has also seen a significant increase in value. It traded near a record high and has seen a surge of more than 200% since the start of President Trump’s second term a year ago.

  • Crystal Bay Airlines Soars into Vietnam Market with $11.4M Charter Capital

    Crystal Bay Airlines Soars into Vietnam Market with $11.4M Charter Capital

    The Vietnamese aviation sector has welcomed a new contender, Crystal Bay Airlines, bringing an infusion of VND300 billion (approximately US$11.4 million) into the industry. Established on November 6, 2025, the airline has a diverse range of operations spanning 51 business sectors, but its primary focus is passenger transportation via air, as indicated in its company registration documents.

    Founding Members

    The initial stakeholders of Crystal Bay Airlines are noteworthy and include the Crystal Bay Tourism Group, which provided VND282 billion, constituting 94% of the airline’s charter capital. The chairman of the airline, Nguyen Duc Chi, and the general director, Bui Tuong Chi, accounted for 5% and 1% of the capital, respectively.

    The Crystal Bay Tourism Group has a broad operational scope, encompassing tourism, travel, resorts, and tourism real estate investment. Interestingly, prior to creating the airline, the group had no direct ownership or operational control of an aircraft fleet under the Crystal Bay label.

    International Charter Operations

    Despite not owning a fleet, since around 2022, the company has been facilitating international charter flights to bring tourists to Vietnam, specifically to popular destinations such as Cam Ranh Bay and Phu Quoc Island. These flights have been operated on a regular basis by other airlines, including Vietjet Air and Bamboo Airways. These collaborations have connected Vietnam with numerous markets, including Kazakhstan, Taiwan, Thailand, Mongolia, and Uzbekistan.

    Travel Business Expansion

    In 2023, Crystal Bay further expanded into the travel business by establishing Crystal Bay Tour Co Ltd. This subsidiary was set up to develop software for selling airline tickets and tours, along with executing marketing and communication campaigns – elements that are crucial for any travel business.

    The creation of its own airline is widely perceived as a logical progression for Crystal Bay, aimed to augment its tourism business and establish a comprehensive ecosystem.

    Questions & Answers

    Who are the founding shareholders of Crystal Bay Airlines?
    The founding shareholders include the Crystal Bay Tourism Group, which contributed 94% of the company’s charter capital, as well as the airline’s chairman Nguyen Duc Chi and general director Bui Tuong Chi, who accounted for 5% and 1%, respectively.

    What business sectors does Crystal Bay Airlines operate in?
    Crystal Bay Airlines operates in 51 business sectors with its primary focus being air passenger transportation.

    What is the significance of Crystal Bay Airlines for the Crystal Bay Tourism Group?
    The establishment of Crystal Bay Airlines is seen as a strategic move by the Crystal Bay Tourism Group to complete its ecosystem and enhance its tourism business.

  • Cape Grim Water: From Market Leader to Liquidation – The Rise and Fall of Tasmania’s Premium Water Brand

    Cape Grim Water: From Market Leader to Liquidation – The Rise and Fall of Tasmania’s Premium Water Brand

    After nearly three decades of operation, the Cape Grim Water Company has fallen into administration. Jason Tang and Ozem Kassem from KPT Restructuring have been assigned as administrators for the company.

    The water bottling business was established in 1998. It capitalized on the pristine rainwater from northwest Tasmania, branding its product as the “world’s cleanest water”. The company strategically marketed its product to high-end hospitality and export sectors, emphasizing its unique rainwater harvesting process that ensures the water is captured before touching the ground.

    In its heyday, Cape Grim Water had secured a supply partnership with the airline, Qantas, further validating its premium product status. Along with its successful water business, the company had launched the Cape Grim 666 Vodka in 2008, a product that also utilized the region’s rainwater.

    However, Qantas ended its contract with Cape Grim Water in 2005. The discontinued partnership left the company with a surplus of stock that it couldn’t sell. This led then-director Doug Halley to attempt selling the surplus to acquaintances at a cut-rate price.

    The Cape Grim Water Company ceased trading in early 2021. By July 2024, its water bottling operations were liquidated. Despite these setbacks, Aqua Sano continued to be the main distributor of Cape Grim Water across all mainland Australian states and territories.

    In an update provided by Aqua Sano in October of last year, it was indicated that the chances of Cape Grim Water resuming operations were slim. Despite this, Aqua Sano expressed their regret for the inconvenience caused to their customers and voiced their hope to supply Cape Grim Water again in the future.

    The first meeting of the company’s creditors will be held on January 19. During the meeting, attendees will decide whether to appoint a committee of inspection.

    Questions & Answers

    What is the Cape Grim Water Company?
    The Cape Grim Water Company is an Australian business that bottles and sells rainwater from northwest Tasmania, marketing it as the “world’s cleanest water”.

    When did Cape Grim Water cease trading?
    The Cape Grim Water Company ceased trading in early 2021 and its water bottling operations were liquidated by July 2024.

    What will happen at the meeting of creditors on January 19?
    The creditors of Cape Grim Water will meet to decide whether to appoint a committee of inspection.

  • Oh!Some Breaks Into Philippine Market: Unique Lifestyle Retailer Unveils First Flagship Store in Makati

    Oh!Some Breaks Into Philippine Market: Unique Lifestyle Retailer Unveils First Flagship Store in Makati

    Lifestyle retailer Oh!Some has expanded its operations into the Philippines by launching its inaugural flagship store at One Ayala in Makati.

    The Oh!Some Brand

    Oh!Some has a reputation for its unique, intellectual property-driven merchandise. In keeping with this trend, its product line in the Philippines includes items such as Korean designer toy Zizone, Pingo Cat-themed toys, phone charms, plush bags, and various collectibles.

    Continuing its tradition of carrying licensed merchandise from globally recognized franchises, the flagship store also offers products from the popular Japanese anime series, Spy x Family, as well as from the Disney entertainment conglomerate. Customers can expect to find a vintage-styled Toy Story dining and kitchen range, as well as travel accessories inspired by the Disney movie Zootopia.

    Expansion Across Asia

    The company’s entry into the Philippine market is part of its strategy to continue building momentum in its regional growth across Southeast Asia. Currently, Oh!Some operates over 180 stores throughout Asia, with a steadily increasing presence in markets that include Singapore, Malaysia, Thailand, and now, the Philippines.

    Questions & Answers

    What is Oh!Some known for?
    Oh!Some is known for its unique, intellectual property-driven merchandise, including licensed products from globally recognized franchises.

    Where has Oh!Some recently expanded its operations?
    Oh!Some has recently launched its flagship store in the Philippines, located at One Ayala in Makati.

    What regions does Oh!Some have a presence in?
    Oh!Some has established a presence in several markets across Asia, including Singapore, Malaysia, Thailand, and now the Philippines.

  • Vietnam’s Stock Market Blazes into 2026: Skyrockets to Historical Highs in Opening Sessions

    Vietnam’s Stock Market Blazes into 2026: Skyrockets to Historical Highs in Opening Sessions

    The Vietnam stock market began the year on a high note, setting two new historic peaks within the first two trading sessions. The VN-Index, Vietnam’s benchmark stock index, closed at a record-breaking 1,788 points on Monday and escalated a further 1.56% to a fresh peak of 1,816 points on Tuesday. After closing the previous year 40% higher, it now ranks as the tenth best-performing stock index globally.

    The Ho Chi Minh Stock Exchange, the basis for the VN-Index, experienced a 6% gain in trading on Tuesday, reaching VND27.45 trillion (US$1.04 billion).

    On the other hand, the VN30 basket, which consists of the thirty largest capped stocks, saw 23 stock tickers rising. Leading the way was GAS, a state-owned Petrovietnam Gas, with a 7% increase, closely followed by property titan Vinhomes’ VHM, which climbed 6.9%.

    Fuel distributor Petrolimex’s PLX finished 6.7% higher, while MB’s MBB, a lending company, rose by 5.1%.

    However, two prominent stocks experienced a decline. Duc Giang Chemicals Group’s DGC dropped 3.8%, while Sacombank’s STB, a lender based in Ho Chi Minh City, fell by 2.1%.

    Foreign investors mainly sold off stocks of the private conglomerate Vingroup’s VIC and VHM, resulting in net sales of approximately VND387 billion.

    Meanwhile, the HNX-Index for stocks on the Hanoi Stock Exchange, which primarily consists of mid and small-cap stocks, fell by 0.09%. The UPCoM-Index for Unlisted Public Companies Market also experienced a drop, declining by 0.39%.

    Questions & Answers

    What were the new historic peaks for the Vietnam stock market at the beginning of the year?

    The VN-Index, Vietnam’s benchmark stock index, closed at a record-breaking 1,788 points on Monday and escalated a further 1.56% to a new peak of 1,816 points on Tuesday.

    Which were the top-performing stocks in the VN30 basket?

    Leading the way was GAS of state-owned Petrovietnam Gas with a 7% increase, followed closely by property giant Vinhomes’ VHM, which climbed 6.9%.

    Which stocks did foreign investors predominantly sell off?

    Foreign investors mainly sold off stocks of the private conglomerate, Vingroup’s VIC and VHM, resulting in net sales of approximately VND387 billion.

  • 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.

  • Vietnam’s Gold Prices Skyrocket Amid Global Market Uncertainties: A 83% YoY Leap

    Vietnam’s Gold Prices Skyrocket Amid Global Market Uncertainties: A 83% YoY Leap

    The price of gold in Vietnam experienced a significant surge on Tuesday morning, propelled by the precious metal’s global market gains and political uncertainties.

    Surge in Gold Prices

    Saigon Jewelry Company reported a 0.57% increase in the price of its gold bars, reaching VND158 million (US$6,011.49) per tael. A tael, a unit of weight commonly used in East Asia, is equivalent to 37.5 grams or 1.2 ounces.

    In addition to the rise in price of gold bars, the price of gold rings also saw a notable increase, jumping by 0.39% to VND154 million per tael. Over the past year, the price of gold in Vietnam has soared by 83%.

    Global Impact

    On a global scale, gold prices reached a one-week high following the U.S. strikes in Venezuela, which further enhanced the safe-haven appeal of bullion. Spot gold, or gold that is bought and sold for immediate delivery, saw an increase of 0.39% to $4,465.50 per ounce.

    According to Alexander Zumpfe, a precious metals trader at Heraeus Metals Germany, the situation in Venezuela has clearly stimulated safe-haven demand. This comes in addition to existing concerns related to geopolitics, energy supply, and monetary policy.

    Gold saw a remarkable 64% gain last year, driven by geopolitical flashpoints and the U.S. Federal Reserve’s cycle of easing interest rates. Expectations of even lower rates, combined with central bank purchases and Exchange-Traded Fund (ETF) flows, provided further support to gold’s rising prices.

    Questions & Answers

    What caused the rise in gold prices in Vietnam?
    The rise in gold prices in Vietnam was primarily driven by the precious metal’s global market gains and ongoing political uncertainties.

    How much did gold prices increase globally?
    Globally, spot gold experienced an increase of 0.39% to $4,465.50 per ounce.

    What factors contributed to the 64% gain in gold prices last year?
    The remarkable 64% gain in gold prices last year was propelled by geopolitical flashpoints, the U.S. Federal Reserve’s cycle of easing interest rates, and the expectation of even lower rates. Central bank purchases and ETF flows also provided additional support.

  • Taiwan’s Fixed Communication Market Set for Steady Growth Amid Rising Fiber Broadband Demand

    Taiwan’s Fixed Communication Market Set for Steady Growth Amid Rising Fiber Broadband Demand

    The revenue for Taiwan’s fixed communication services market is predicted to increase from USD 3.3 billion in 2025 to USD 3.4 billion in 2030, showing a slow compound annual growth rate (CAGR) of 0.4%. This sluggish expansion is primarily due to a continuous decrease in fixed voice access lines and average revenue per user (ARPU) levels.

    Shifting Communication Preferences

    Taiwan’s Fixed Communication Forecast for the third quarter of 2025, provided by GlobalData, predicts that total voice subscriptions in the country will decrease at a CAGR of 0.8% from 2025 to 2030. This decrease is attributed to users increasingly opting for mobile and application-based communication services over traditional voice lines.

    Declining ARPU in Fixed Voice Services

    The overall ARPU for fixed voice services is also expected to decline during this period. The ARPU for residential fixed voice is forecasted to drop from USD 2.68 in 2025 to USD 2.38 in 2030. While the number of fixed broadband accounts is expected to grow at a CAGR of 2.6% during the forecast period, the ARPU for fixed broadband is expected to decrease. The ARPU for residential fixed broadband is forecasted to decline from USD 25.67 in 2025 to USD 24.69 in 2030, and for the business segment, it is expected to drop from USD 33.64 to USD 30.38.

    Continued Dominance of Fiber Broadband

    According to Pradeepthi Kantipudi, a Telecom Analyst at GlobalData, fiber is set to remain the dominant broadband technology when it comes to subscription share throughout the forecast period. By the end of 2030, fiber-based subscriptions are expected to constitute 63% of total fixed broadband accounts in Taiwan. This projected growth is driven by the increasing demand for high-speed broadband connectivity. Additionally, initiatives by the government and telecom operators to expand and upgrade the country’s fiber broadband infrastructure are also contributing factors.

    Chunghwa Telecom is projected to lead the fixed broadband services market in terms of subscription share in 2025 and maintain this lead through 2030. This prediction is based on the company’s strong position in the fiber-to-the-home (FTTH) segment and its continued efforts to upgrade the gigabit broadband network nationwide.

    Questions & Answers

    What is the projected growth rate for Taiwan’s fixed communication services market?
    The revenue for Taiwan’s fixed communication services market is predicted to increase at a CAGR of just 0.4% from 2025 to 2030.

    What factors are contributing to the slow growth of Taiwan’s fixed communication services market?
    The slow growth is primarily due to a continuous decrease in fixed voice access lines and average revenue per user (ARPU) levels, with users increasingly opting for mobile and application-based communication services.

    Who is expected to lead the fixed broadband services market in Taiwan by 2030?
    Chunghwa Telecom is projected to lead the fixed broadband services market in Taiwan through 2030, thanks to its strong position in the fiber-to-the-home (FTTH) segment and its focus on upgrading the gigabit broadband network nationwide.

  • Vietnam Gold Prices Take a Dive Amid Global Decline: A Look at Market Dynamics and Upcoming US Economic Data

    Vietnam Gold Prices Take a Dive Amid Global Decline: A Look at Market Dynamics and Upcoming US Economic Data

    The cost of gold took a significant plunge in Vietnam on Tuesday afternoon in line with a global downtrend. Saigon Jewelry Company, for example, saw a decrease of 1.02% in the price of their gold bars, which fell to VND155.6 million (US$5,908.47) per tael.

    Simultaneously, the price of a gold ring saw a 1.1% drop, landing at VND152.7 million per tael. For reference, a tael is equivalent to 37.5 grams or 1.2 ounces.

    Despite this recent tumble, bullion prices in Vietnam have seen an impressive increase of 85% since the start of the year.

    Global Gold Prices

    The decline in Vietnam’s gold prices also mirrors a worldwide trend. On Tuesday, gold prices slipped internationally as investors adopted a cautious stance in anticipation of crucial U.S. employment and inflation data. This information is expected to provide indications for the Federal Reserve’s policy as we head into the new year.

    In particular, spot gold decreased by 0.3% to $4,290.33 per ounce. However, despite this decline, bullion has experienced a strong rally of 64% year-to-date, breaking multiple records along the way.

    According to Ilya Spivak, the head of global macro at Tastylive, the market is currently weighing whether there’s sufficient conviction to push prices higher, or if this is the point where momentum begins to wane.

    Silver Prices

    In other commodities, spot silver also experienced a decline, decreasing by 1.4% to $63.03 an ounce. This comes after it reached a record high of $64.65 on Friday.

    Questions & Answers

    What caused the decline in gold prices in Vietnam?
    The decline in gold prices in Vietnam is primarily due to a global decrease in gold prices.

    What is the impact of U.S. employment and inflation data on global gold prices?
    U.S. employment and inflation data are key indicators for the Federal Reserve’s policy. As such, they can influence investor sentiment and cause shifts in global gold prices.

    How has the price of bullion changed since the start of the year?
    Despite the recent downturn, bullion prices in Vietnam have increased by 85% since the beginning of the year. Similarly, globally, bullion has rallied 64% year-to-date.

  • Wellington & Standard Chartered Unveil No-Load Shares, Transforming Wealth Market Dynamics in Singapore

    Wellington & Standard Chartered Unveil No-Load Shares, Transforming Wealth Market Dynamics in Singapore

    Wellington Management has enhanced its alliance with Standard Chartered Bank by launching exclusive no-load share classes of the Wellington Asia Quality Income Fund for the bank’s customers in Singapore. This strategic initiative enhances its competitive standing in an increasingly cost-conscious wealth market.

    Building on Established Collaboration

    Wellington’s new offering, announced on Monday, is an extension of a collaboration that started in 2024. At that time, Wellington’s Credit Total Return strategy was made exclusively accessible to Standard Chartered’s private and retail banking clients in Singapore and Hong Kong. This award-winning UCITS model has since grown to over $1.3 billion in AUM in less than two years, showcasing robust client acceptance.

    Encouraging Long-Term Investment

    The recently launched Class B Shares of the Asia Quality Income Fund eliminates the initial subscription fees, making investment more accessible. The structure incorporates a contingent deferred sales charge of two percent if shares are redeemed within three years, an inventive way to encourage long-term investment rather than short-term trading.

    Chia Chia Chng, Southeast Asian Wealth Head at Wellington Management, noted that this expanded collaboration reflects the mutual emphasis on resilient income strategies. She further emphasized the attractiveness of dividend strategies given the current economic climate characterized by growth uncertainties, trade policy ambiguities, and geopolitical risk.

    A Disciplined Approach to Asia ex-Japan Equities

    The actively managed fund, overseen by seasoned portfolio manager Naveen Venkataramani, targets superior, dividend-paying companies across the Asia ex-Japan region. The investment approach emphasizes three categories; Dividend Compounders, Dividend Leaders, and Dividend Surprisers. It accentuates robust balance sheets, competitive advantages, and sound corporate governance.

    Venkataramani revealed that historically, dividends have constituted approximately 65 percent of total equity returns in Asia ex-Japan. He predicts room for growth in Asia’s dividend payout, supported by improved cash flow generation and relatively low corporate leverage.

    The Significance of this Partnership for Wealth Platforms

    For astute investors and distributors, this partnership signifies a wider industry trend. Global asset managers and banks are leveraging targeted fee structures and exclusive access to differentiate their offerings in competitive wealth markets like Singapore.

    By merging Wellington’s considerable scale – $1.3 trillion in assets under management – with Standard Chartered’s regional distribution capabilities, this initiative aligns product design with changing client expectations around cost transparency and income resilience.

    Questions & Answers

    What does the newly introduced Class B Shares of the Asia Quality Income Fund offer?
    These shares eliminate initial subscription fees, turning investment more accessible. It also includes a two percent deferred sales charge if shares are redeemed within three years, encouraging long-term investment behaviors.

    What is the investment focus of the Asia Quality Income Fund managed by Naveen Venkataramani?
    The fund targets high-quality, dividend-paying companies in the Asia ex-Japan region, emphasizing strong balance sheets, competitive advantages, and good corporate governance.

    What is the significance of this partnership between Wellington Management and Standard Chartered Bank for the wealth market?
    This collaboration, which offers targeted fee structures and exclusive access, signifies a wider industry trend in competitive wealth markets like Singapore. It aligns product design with evolving client expectations around cost transparency and income resilience.

  • Hanoi Apartment Flippers Struggle as Market Cools Amidst Surge in Affordable Housing Options

    Hanoi Apartment Flippers Struggle as Market Cools Amidst Surge in Affordable Housing Options

    In Hanoi, real estate speculators find themselves in difficulty as they attempt to sell apartments, even after dropping prices. The abundance of new, more affordable options coming into the market has caused homebuyers to hold off on purchases.

    Ngoc Huyen, from Hanoi’s Long Bien District, listed her apartment for VND6.2 billion (US$236,000) two weeks ago. Despite reducing her asking price substantially, she has yet to receive any inquiries. Huyen has already paid VND1.4 billion towards her bank mortgage and is currently trying to sell the apartment for VND1.1 billion. However, brokers have warned her that attracting buyers is currently a challenging task.

    Trung Hieu from Dong Anh Commune is facing a similar situation. Despite reducing the price of his VND10.2 billion apartment by VND300 million, he has been unable to find a buyer for over a month.

    The Current Market Landscape

    The market has cooled down significantly following a period of skyrocketing prices, making ‘flipping’ apartments more difficult for speculators. Duc Dung, a broker who specializes in apartments in eastern Hanoi, reveals that the number of sellers reaching out to him has increased by 30-40% from the third quarter. This starkly contrasts with the situation three months ago when most of his calls were from customers looking to buy.

    Vo Huynh Tuan Kiet, director of residential markets at a property consultancy in Vietnam, notes that this year, demand for apartments has been driven primarily by speculators, rather than end-users. Asking prices of more than VND100 million per square meter are considered too steep for buyers with actual residential needs.

    Nguyen Van Dinh, chairman of the Vietnam Association of Realtors, estimates that 70-80% of transactions are from investment and speculation. However, the recent cessation of low-interest mortgage packages by banks has made speculators more hesitant to apply for new loans, thereby reducing demand.

    The Impact of Increased Supply

    An anticipated increase in supply is also dampening the market. In this quarter alone, 11,000 new apartments are expected to enter the Hanoi market. This brings the total launches for the year to more than 32,300 units, surpassing the previous year’s number. Many of these new units are priced more reasonably at around VND50-60 million per square meter.

    Dinh notes that the discrepancy between housing prices and income is discouraging many potential buyers, particularly younger ones. Instead, they are choosing to rent apartments in the city or buy units in suburban areas, where prices are more affordable.

    Questions & Answers

    Why are speculators in Hanoi struggling to sell their apartments?
    Speculators are struggling to sell due to an increase in property supply and a cooling market, coupled with homebuyers waiting for more affordable options.

    What has been the primary driver of apartment demand this year?
    Apartment demand this year has largely been driven by speculators rather than end-users, contributing to the current market conditions.

    How is the anticipated increase in supply impacting the real estate market in Hanoi?
    The expected rise in supply is causing a dampening effect on the market. With more affordable options on the horizon, potential buyers are holding off on purchases, leading to a decrease in demand.