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  • US Dollar Climbs Against Vietnamese Dong in Black Market Amid Global Uncertainties

    US Dollar Climbs Against Vietnamese Dong in Black Market Amid Global Uncertainties

    The U.S. dollar saw an incremental increase against the Vietnamese dong in the unofficial market on Thursday morning. Independent exchange centers traded the U.S. dollar 0.19% higher, at VND26,380, while Vietcombank maintained its rate at VND26,500.

    Global Currency Trends

    Globally, the U.S. dollar stabilized largely on Thursday. The escalating U.S.-Iran tensions fostered a sense of uncertainty among investors, bolstering the demand for the U.S. dollar, a widely recognized safe-haven currency. Concurrently, the Japanese yen hovered around a 40-year low, with no imminent signs of recovery.

    The dollar index, a metric that juxtaposes the U.S. dollar against a selection of currencies including the yen and the euro, slightly declined by 0.06%, settling at 101.05. The increasing geopolitical tensions between Washington and Tehran have triggered a rise in oil prices, intensifying inflation fears. This in turn has facilitated an appreciable gain for the greenback.

    Meanwhile, the euro experienced a minor increase of 0.07%, closing at $1.1418. The European Central Bank (ECB) is scheduled for a meeting later on Thursday. It is expected that the ECB will maintain its interest rates, but will leave room for a potential rate hike in September. This anticipated move is in response to the recent surge in energy prices, which threatens to exert additional inflationary pressure.

    Questions & Answers

    What impact did the U.S.-Iran tensions have on the U.S. dollar?
    The escalating tensions between the U.S. and Iran fostered investor uncertainty. This led to increased demand for the U.S. dollar, a well-known safe-haven currency.

    What changes were observed in the euro and the Japanese yen?
    The euro saw a slight increase of 0.07%, while the Japanese yen remained around a 40-year low with no clear signs of improvement.

    What is the expected move of the European Central Bank in response to the recent surge in energy prices?
    The European Central Bank is anticipated to maintain its current interest rates but may consider a rate hike in September to counter the potential inflationary pressure stemming from the recent surge in energy prices.

  • US Dollar Stumbles Against Vietnamese Dong Amid Market Turbulence

    US Dollar Stumbles Against Vietnamese Dong Amid Market Turbulence

    In the unofficial trading market on Saturday morning, the U.S. dollar experienced a decline against the Vietnamese dong. The greenback was sold 0.04% lower at VND26,410 at these non-official trading spots. Meanwhile, Vietcombank, a significant financial player in the region, maintained its rate at VND26,490.

    A Global Perspective on the Dollar’s Performance

    Worldwide, the performance of the dollar on Friday was relatively stable, but it concluded the week on a lower note. This downtrend was attributable to the moderate U.S. inflation data which resulted in traders reducing their expectations of immediate rate hikes from the Federal Reserve.

    Mounting tension between Iran and the U.S. became a crucial factor impacting the global economy. The recent week-long escalation has significantly undermined the peace agreement established last month. This development has incited investors to seek sanctuary in the dollar and has also contributed to the surge in oil prices to nearly one-month highs.

    The plummeting of the tech-dominated global equity market and the ongoing disturbance to the traffic in the Strait of Hormuz have incited a rush to safety. Elias Haddad, the global head of markets strategy at Brown Brothers Harriman, mentioned this. He also noted the U.S. dollar had recouped some of its losses from this week and that global bond yields had marginally decreased.

    Questions & Answers

    What was the impact of the U.S. inflation data on the dollar?
    The moderate U.S. inflation data led traders to reduce their bets on impending rate hikes from the Federal Reserve, which resulted in the dollar ending the week on a lower note.

    What are the effects of the escalating tension between Iran and the U.S.?
    The escalating tension between Iran and the U.S. has encouraged investors to seek refuge in the dollar and has also pushed oil prices to near one-month highs.

    How did the tech-led global equity market’s performance affect the U.S. dollar?
    The decline in the tech-led global equity market has triggered a flight to safety, helping the U.S. dollar to recover some of its losses from the week.

  • Every Half Brews Fresh Success: Scores $8M Series A Funding for Rapid Vietnamese Coffee Expansion

    Every Half Brews Fresh Success: Scores $8M Series A Funding for Rapid Vietnamese Coffee Expansion

    Vietnamese coffee brand, Every Half, has recently raised a total of US$8 million in a Series A funding round. The considerable investment comes courtesy of existing investors Openspace Capital and DSG Consumer Partners.

    The new capital will be used to facilitate comprehensive expansion across Vietnam, as well as deepening the company’s investment into its vertically integrated supply chain. Plans are also in place to increase the reach of its packaged coffee business.

    Diversifying the Coffee Sector

    Every Half is well on its way to extending its business operations beyond traditional cafes. The company is actively investing in coffee farming, proprietary fermentation technology, e-commerce, and business-to-business distribution.

    As of now, Every Half manages 36 stores in numerous locations including Ho Chi Minh City, Hanoi, Danang, and Hoi An. The company is projected to almost triple its revenue this year. In addition to this, it has expanded its range of consumer products. From selling roasted coffee beans and brewing equipment online to exporting to markets such as Singapore, Thailand, and Taiwan.

    The latest funding round builds on previous investments from Openspace and DSG Consumer Partners. This follows an undisclosed seed round in 2024 topped by a $3 million pre-Series A funding round last year.

    Every Half was established in 2021 by ex-The Coffee House executives Vo Duy Phu and Tran Le Minh Truc. The company’s primary aim is to promote Vietnamese-grown specialty coffee through a wide-ranging business model that covers sourcing, processing, roasting, and retail.

    In 2024, when Openspace made its initial investment, it expressed support for Every Half’s ambition to transform Vietnamese coffee from a mere commodity export into a globally recognized premium brand. This highlighted the founders’ extensive experience in coffee sourcing, product development, and retail.

    DSG Consumer Partners echoed this sentiment, emphasizing the firm’s focus on specialty coffee, sustainable sourcing, and brand building as essential drivers of its long-term growth potential.

    Questions & Answers

    What is the primary focus of Every Half?
    Every Half aims to transform Vietnamese-grown specialty coffee into a globally recognised premium brand.

    How does the company intend to use the funds from the recent Series A funding round?
    The brand plans to use the funds to facilitate expansion all over Vietnam and to deepen their investment in their vertically integrated supply chain.

    What are some of the additional business avenues Every Half is exploring?
    Every Half is diversifying with investments in coffee farming, proprietary fermentation technology, e-commerce, and business-to-business distribution.

  • US Dollar Takes a Dip against Vietnamese Dong Amid Global Uncertainties

    US Dollar Takes a Dip against Vietnamese Dong Amid Global Uncertainties

    The performance of the United States dollar presented a mixed picture on Tuesday, as it dipped slightly against the Vietnamese dong while maintaining its position against other key currencies. The state-owned Vietcombank recorded a 0.04% reduction in the greenback’s value, with an exchange rate set at VND26,450. However, in contrast, the black market saw the US dollar appreciate by 0.11%, pegged at the same exchange rate.

    Global Performance of the Dollar

    In the wider international scene, the dollar remained relatively stable as markets anticipated the release of U.S. inflation data. Rising tensions in the Middle East provided a boost to oil prices which, in turn, had a knock-on effect on currency exchange rates. The Japanese yen traded in a cautious manner, due in part to potential interventions and recent comments made by policymakers regarding the allocation of state pension funds.

    The dollar index, a tool used to compare the value of the greenback against a selection of international currencies such as the yen and euro, also recorded a slight decrease of 0.04%, resulting in a figure of 101.23.

    Meanwhile, the euro showed a strengthening trend against the dollar, trading at a rate of $1.1388. The British pound also saw a minor gain of 0.07%, resulting in an exchange rate of $1.3355.

    Questions & Answers

    What was the exchange rate of the US dollar against the Vietnamese dong?
    The state-owned Vietcombank listed an exchange rate of VND26,450 for the US dollar, showing a minor drop of 0.04%.

    What influenced the performance of the Japanese yen?
    The Japanese yen was affected by several factors, including potential interventions and recent policy-related comments on state pension fund allocations.

    How did the euro and the British pound perform against the US dollar?
    Both the euro and the British pound displayed a strengthening trend against the dollar. The euro traded at a rate of $1.1388, while the British pound gained 0.07%, resulting in an exchange rate of $1.3355.

  • World Cup Fever Ignites Retail Boom: How Vietnamese Consumers Score Big with Huge Discounts

    World Cup Fever Ignites Retail Boom: How Vietnamese Consumers Score Big with Huge Discounts

    In Vietnam, the excitement of the 2026 World Cup has sparked a shopping frenzy, as consumers eagerly take advantage of retail promotions. With retailers offering substantial discounts on household appliances and fashion items, Vietnamese shoppers have been quick to seize the opportunity.

    Major Discounts on Household Appliances

    One shopper, Hang, who resides in Ho Chi Minh City (HCMC), had been monitoring prices for a few months. In early June, she successfully purchased a slow juicer at half its regular price, thanks to a World Cup promotion. She excitedly shared how previous discounts on the product, which only ranged from 10-20%, hadn’t been enticing enough. However, with the price slashed by over half, she made the purchase immediately.

    Another Ho Chi Minh City resident, Lan Anh, also capitalized on the ongoing promotions to purchase a variety of household appliances, including a television and a vacuum cleaner. Anh noted that aside from the significant markdowns, retailers were also providing additional incentives such as vouchers and gifts as part of interactive match prediction programs.

    The World Cup’s influence also extends to the electronics retail market. Several electronics retailers in HCMC have been actively promoting televisions in light of the football event. Various TV models have been discounted significantly, with some prices reduced by as much as 61%. This has been described as the most substantial price-cutting campaign for TVs to date, with large-screen models being heavily discounted to meet the tournament-driven demand.

    Boost in Retail Sectors Beyond Electronics

    While electronics retailers are witnessing a surge in sales, other consumer goods retailers haven’t been left behind. Saigon Co.op, for example, offers discounts of up to 30% on almost half of their snack, beer, and beverage bundles, targeted at football fans. They are even rewarding customers making large purchases with gifts.

    Fashion retailers are also leveraging the World Cup frenzy to their advantage. Pierre Cardin Shoes and Oscar Fashion reported the simultaneous launch of their World Cup’s Vancouver 2026 collection in six markets: Vietnam, Cambodia, Myanmar, Thailand, Laos, and Canada. Since the campaign’s inception, store traffic has reportedly increased by more than 55%, and sales have reached approximately 65% of the campaign’s target.

    The World Cup’s impact on global retail activity is projected to be highly positive, with predictions suggesting it could contribute up to $41 billion to global GDP by stimulating tourism, services, and consumption.

    Questions & Answers

    Q: How have Vietnamese consumers reacted to the World Cup retail promotions?
    A: Vietnamese shoppers have been quick to take advantage of the significant discounts offered by retailers during the World Cup, leading to a shopping frenzy.

    Q: Which sectors have seen a boost in sales due to the World Cup?
    A: The electronics sector, particularly TV sales, has seen a substantial boost, along with other consumer goods retailers and the fashion industry.

    Q: What has been the impact of the World Cup on global retail activity and GDP?
    A: The World Cup is expected to have a highly positive impact on global retail activity and could potentially contribute up to $41 billion to the global GDP by boosting tourism, services, and consumption.

  • Vietnamese Lobster Exports to China Skyrocket to $506M in 5 Months, Up 44.3% YoY

    Vietnamese Lobster Exports to China Skyrocket to $506M in 5 Months, Up 44.3% YoY

    China has solidified its position as the leading consumer of Vietnamese lobster for the first five months of this year, purchasing over $506 million worth of the seafood delicacy. This figure represents an impressive increase of 44.3% compared to the same period last year. The surge in imports reached its zenith in February, when China imported $154 million worth of Vietnamese lobster, a staggering 150% increase year-on-year. In the subsequent months, the importation figures have remained consistently strong, ranging between $78 million and $87 million.

    Unwavering Demand and Favorable Conditions

    The steady consumption of Vietnamese lobster in China is largely attributable to the incessant demand for live seafood, particularly within the more opulent spectrum of the market such as restaurants, banquets, and gift-giving. Vietnamese lobster boasts several competitive advantages in the Chinese market, such as its geographical proximity which guarantees shorter transportation times, thereby maintaining the quality of live shipments.

    Additionally, transportation methods are diverse, with exporters having the capacity to supply the market via both land and air transport. Notably, small to medium-sized blue lobsters have proven to be competitively priced and well aligned with the taste preferences of Chinese consumers.

    The Changing Dynamics of Seafood Supply

    Apart from these natural advantages, shifts in the global supply chain have opened doors for Vietnamese exporters. In recent times, several traditional suppliers, such as Canada, the U.S., and Australia, have been impacted by tariffs, trade disruptions, or slow recovery in production. This has created a niche for Vietnamese lobster to broaden its market share.

    As a result, Vietnam has evolved into one of China’s critical suppliers of lobster. This progression has laid a strong foundation for continued export growth within this year.

    Industry specialists project that if the consumer demand in China remains steady and exporters persist in supplying high-quality products, there will be additional room for growth in Vietnamese lobster exports in the second half of the year. However, it will be crucial for the industry to keep a close eye on any changes in China’s import policies, quarantine requirements, and quality standards to retain its competitive advantage and sustain its growth.

    Questions & Answers

    What has contributed to the increase in Chinese imports of Vietnamese lobster?

    The surge in Chinese imports of Vietnamese lobster can be attributed to the steady demand for live seafood, particularly in upscale settings, as well as the competitive advantages Vietnamese lobster offers, including close geographical proximity and diversity in transport methods.

    How have global supply chain shifts benefited Vietnamese lobster exporters?

    Changes in the global supply chain, including tariffs, trade disruptions, and slow production recovery affecting traditional suppliers, have created opportunities for Vietnamese lobster to expand its market share.

    What factors will be crucial for the future growth of Vietnamese lobster exports?

    The future growth of Vietnamese lobster exports will depend on the stability of consumer demand in China, the ability of exporters to maintain a reliable supply of high-quality products, and careful monitoring of changes in China’s import policies, quarantine requirements, and quality standards.

  • US Dollar Takes a Dive Against Vietnamese Dong in Black Market Amid Global Weakness

    US Dollar Takes a Dive Against Vietnamese Dong in Black Market Amid Global Weakness

    Over the weekend, the U.S. dollar experienced a dip against the Vietnamese dong on the informal currency exchange market. The dollar was traded 0.34% lower at VND26,560 at unofficial exchange points, while Vietcombank maintained its rate at VND26,463.

    Global Dollar Weakness

    On the global stage, the U.S. dollar was on track for its most significant weekly loss in 12 weeks. This downturn resulted from a lukewarm U.S. employment report, which led to diminished market predictions for an imminent Federal Reserve interest rate increase. This development brought some relief to the Japanese yen.

    The overall weakening of the dollar also boosted the euro, which reached $1.1440, following a nearly two-week high the previous day. The euro ended the week up by 0.5%. Simultaneously, the British pound solidified its position to $1.3352, marking a 1.1% weekly gain, its highest in almost three months.

    Impact on other Currencies

    The increased strength of the dollar also brought relief to the Japanese yen. The yen increased to less than 161 per dollar, a welcome shift after the sudden increase on Thursday, which took the currency from a 40-year low of 162.84 to 161.25. Despite this, market uncertainty surrounding potential intervention risks persisted.

    The dollar’s decline came in response to slowed U.S. job growth in June. Further, the reduced payroll gains for the preceding two months triggered traders to scale back on predictions of a near-term Federal Reserve rate increase.

    Questions & Answers

    What triggered the U.S. dollar’s dip against the Vietnamese dong?
    The dip was triggered by the overall weakening of the U.S. dollar on the global stage, which was a result of a lukewarm U.S. employment report diminishing market predictions for an immediate Federal Reserve interest rate increase.

    How did the global dollar weakness impact the euro and the British pound?
    The weakness of the U.S. dollar led to the strengthening of the euro, reaching $1.1440, and the solidifying of the British pound’s position at $1.3352.

    What caused the shift in the strength of the Japanese yen?
    The shift in the Japanese yen was due to the overall increase in the strength of the U.S. dollar, which took the yen from a 40-year low of 162.84 to less than 161 per dollar.

  • Vietnamese Fruit Market Takes a Hit: Prices Plummet Amid Weak Demand and Strict Chinese Import Controls

    Vietnamese Fruit Market Takes a Hit: Prices Plummet Amid Weak Demand and Strict Chinese Import Controls

    Fruit prices in Vietnam, including watermelon and orange, have drastically dropped to VND1,000–5,000 (3.8-19 U.S. cents) per kilogram. This decrease is attributed to a slump in domestic demand coupled with strict quality control enforced by China, a major importer.

    Farming Woes in Gia Lai

    In Gia Lai, a province located in the central region of Vietnam, watermelons are currently fetching VND1,000-VND5,000 per kilogram. Only high-quality fruits are attracting significant prices as traders are exercising selectivity in their purchases. This situation has led to considerable financial losses for local farmers. One farmer noted a seasonal loss exceeding VND50 million, while another reported losses of VND500 million from her eight-hectare watermelon farm.

    Farmers have pointed to a significant decrease in domestic demand this year, alongside slow exports to China, unlike in previous years where sales often surged post-Lunar New Year holidays. If prices continue to dip, the situation in Gia Lai could worsen, given that over 90% of watermelon farms spanning 2,733 hectares are due for harvesting in the coming months.

    Plight of Other Fruits

    Similarly, the price of oranges in the southern province of Vinh Long has slumped to VND1,000-3,000 per kilogram. This has resulted in farmers experiencing losses of VND100-200 million per hectare. One farmer, who cultivates nearly a hectare of oranges, is considering switching crops after incurring severe losses this year.

    This price drop has pushed traders to sell their goods at heavily discounted rates on the streets of Ho Chi Minh City. Here, piles of oranges and watermelons are stacked up for sale at VND5,000 per kilogram and VND10,000 respectively. Prices of other produce such as tomatoes, green beans, and okra have also halved within a month, with tomatoes trading between VND10,000-25,000.

    Export Challenges

    Dang Phuc Nguyen, the general secretary of the Vietnam Fruit and Vegetable Association, attributes the drastic price drop to China imposing stricter quarantine controls and quality standards. As Vietnam’s largest agriculture produce buyer, these new measures have a significant impact on the local market.

    Furthermore, local testing laboratories in Vietnam are overwhelmed, leading to longer inspection times and an increase in risks for traders. The ongoing conflict in the Middle East has also led to a 50-66% surge in logistics costs. Consequently, exporters who cannot bear these costs are opting to sell their products domestically, causing a supply glut.

    The Binh Thuan Province Dragon Fruit Association reported a significant increase in air freight costs to Europe, which has jumped from $1.5 per kilogram to $7-8. This price surge has forced many traders to sell domestically at discounted prices. Exporters are looking into new Asian markets such as Japan and South Korea, but they acknowledge that these markets cannot immediately compensate for the loss of traditional markets.

    Questions & Answers

    What has led to the drastic drop in fruit prices in Vietnam?
    The fall in prices can be attributed to decreased domestic demand and China’s stricter quality control measures, which have slowed exports.

    What is the impact of the falling fruit prices on local farmers and traders?
    Falling prices have led to significant financial losses for farmers and forced traders to sell their goods at heavily discounted prices.

    What steps are Vietnamese exporters taking in response to the current situation?
    Exporters are seeking new markets in Asia, such as Japan and South Korea, and selling their produce domestically due to increased logistics costs and extended inspection times.

  • Vietnamese Dong Bolsters Against US Dollar Amid Easing Global Crude Oil Prices

    Vietnamese Dong Bolsters Against US Dollar Amid Easing Global Crude Oil Prices

    On Wednesday morning, the U.S. dollar saw a slight decrease against the Vietnamese dong, while maintaining a steady position against other major currencies. Vietcombank reported a 0.004% drop in the greenback’s value, selling it at VND26,320. Concurrently, the currency experienced a 0.44% decline to approximately VND26,993 in the informal currency market.

    Global Currency Developments

    Worldwide, the dollar paused for breath as a reduction in crude oil prices ignited a glimmer of risk appetite in markets prior to several crucial central bank decisions. The dollar index, which provides a measure of the U.S. currency’s strength against a selection of global currencies, experienced a slight increase of 0.06%, rising to 99.61 following a two-day decrease. Meanwhile, the euro experienced a slight decrease of 0.05%, trading at $1.1532.

    The Japanese yen also saw a minor weakening of 0.01% against the U.S. dollar, trading at 159.00 per dollar. In contrast, the British sterling maintained its value at $1.3355.

    Upswing for Antipodean Currencies

    Antipodean currencies, the Australian and New Zealand dollars, saw a slight increase in value against the greenback. The Australian dollar strengthened by 0.1%, trading at $0.7109. Similarly, New Zealand’s kiwi saw a 0.05% rise, trading at $0.586 against the U.S. dollar.

    Last week, the U.S dollar reached a 10-month high as conflicts in the Middle East and escalating oil prices pushed investors to seek the relative safety of U.S. assets.

    According to Hirofumi Suzuki, Chief FX Strategist at Sumitomo Mitsui Banking Corporation, although the rise in crude oil prices seems to have momentarily paused, the overall situation has not improved significantly. Nevertheless, markets appear to be demonstrating some recovery.

    Questions & Answers

    What was the exchange rate of the US dollar to the Vietnamese dong on Wednesday?
    The US dollar was sold at VND26,320 by Vietcombank on Wednesday.

    How did the US dollar perform against the Euro and the yen?
    The US dollar experienced a slight increase against the Euro, which traded at $1.1532, and against the yen, with the latter trading at 159.00 per dollar.

    What event last week caused the US dollar to reach a 10-month high?
    The conflicts in the Middle East and escalating oil prices prompted investors to seek the relative safety of U.S. assets, causing the US dollar to reach a 10-month high.

  • Swift Strike: Vietnamese Gang Cracks Motorbike Theft in 5 Seconds Flat

    Swift Strike: Vietnamese Gang Cracks Motorbike Theft in 5 Seconds Flat

    In central Vietnam, law enforcement authorities have successfully brought down a criminal ring suspected of swiftly stealing motorbikes across the provinces of Nghe An and Ha Tinh. The official inquiry began on Friday, led by Nghe An police, focusing on Truong Hoang Hiep, 18 years old, believed to be the gang’s ringleader, along with five other suspects. The charges faced by the alleged criminals are of “property theft.”

    Method of Operation

    The police claim that the alleged thieves, under Hiep’s leadership, specifically targeted residences and motorbike shops situated in both provinces. Their modus operandi was remarkably fast, involving a technique where they would cut into the motorbike’s wiring to hot-wire it. This method enabled them to start the ignition and escape with the motorbike within an estimated five seconds.

    Their next step would be to conceal the license plates using tape, post which they would trade the stolen motorbikes for cash. As per the police, the criminals usually traveled together, wearing face masks and sun-protection clothing to hide their identities while on the lookout for potential victims.

    Investigation and Arrest

    Reports from victims ultimately led the Nghe An police to launch investigations. By mid-November, the officers had successfully tracked the suspects’ movements, which resulted in their arrest. All the suspects have reportedly confessed to their crimes.

    The police authorities have accused the gang of committing 13 motorbike thefts from May until their eventual capture. The estimated total value of the stolen motorbikes from both provinces is said to be around VND230 million (US$9,600).

    Questions & Answers

    Who are the suspects in the motorbike theft case?
    The chief suspect is Truong Hoang Hiep, an 18-year-old who is believed to be the leader of the gang. There are five other individuals involved in the case.

    How did the gang execute the thefts?
    The gang employed a quick technique to hot-wire the motorbikes by cutting into the wiring. They would then ride away with the motorbike, cover the license plates with tape, and sell the stolen vehicles for cash.

    What led to the gang’s capture?
    Reports from victims led the Nghe An police to initiate investigations. By successfully tracing the suspects’ movements, the officers were able to arrest them. All suspects have confessed to their crimes.

  • Vietnamese Pepper Exports Spice Up by 25%, Despite Increased Competition from Brazil

    Vietnamese Pepper Exports Spice Up by 25%, Despite Increased Competition from Brazil

    In the first ten months of 2025, Vietnam’s pepper exports experienced an increase of over 25% in comparison to the previous year. This growth occurred even though the export volume dropped 5.9% to 206,427 tonnes, as reported by the Vietnam Pepper and Spice Association.

    Key Export Markets

    The United States maintained its position as the largest market for Vietnamese pepper. The U.S. imported a total of 44,262 tonnes, which represented 21.4% of Vietnam’s total exports. Other important markets included the United Arab Emirates, China, India, and Germany.

    In the month of October, 19,430 tonnes of pepper were exported from Vietnam, valuing at $129.5 million. The quantity of black and white pepper exported was 16,464 tonnes and 2,966 tonnes respectively. Despite a minor decrease in both the export volume and value compared to September, there was a year-on-year increase of 5.1% and 7.7% respectively.

    Export Prices

    The average export prices for black and white pepper were $6,443 and $8,392 per tonne respectively.

    Imports of Pepper

    On the import side, Vietnam imported 37,783 tonnes of pepper during the first ten months, worth approximately $237 million. This represented a significant increase from last year. Brazil was the leading supplier, providing almost half of Vietnam’s total pepper imports.

    Despite Vietnam’s successful export performance, Brazil’s competitive position in the global pepper market is strengthening. With a weaker currency and competitive logistics costs, Brazil is expanding its output and presenting a greater challenge to Vietnam.

    Cinnamon Exports

    During the same period, cinnamon exports from Vietnam also performed well. Nearly 99,463 tonnes of cinnamon were exported, valuing at $249.5 million. This constituted a rise of 25.1% in volume and 13.2% in value compared to the previous year. The main markets for Vietnamese cinnamon included India, the U.S., Bangladesh, the UAE, and China.

    Questions & Answers

    What is the largest market for Vietnamese pepper?
    The largest market for Vietnamese pepper is the United States, which accounted for 21.4% of Vietnam’s total pepper exports.

    What is the current challenge for Vietnam in the global pepper market?
    The main challenge for Vietnam in the global pepper market is the intensifying competition from Brazil, which is increasing its output and benefiting from a weaker currency and competitive logistics costs.

    How did Vietnamese cinnamon exports perform in the first ten months of 2025?
    Vietnamese cinnamon exports performed well during this period, with an increase of 25.1% in volume and 13.2% in value compared to the previous year.

  • Dollar Soars to Monthly Peak Against Vietnamese Dong Amid Anticipated US Shutdown End

    Dollar Soars to Monthly Peak Against Vietnamese Dong Amid Anticipated US Shutdown End

    A 49-year-old Singaporean has triumphed over 700 competitors to secure the opportunity to manage Chick-fil-A’s first restaurant in Asia.

    In a turn of events, Cambodian magnate Chen Zhi was tricked by an executive from his own Singapore family office.

    The spotlight is now on the world’s largest creditor, a status that has become the focus of attention globally.

    The bodies of missing Russian cryptocurrency millionaire Roman Novak and his wife have been discovered in the Dubai desert.

    Over 230 individuals fell sick in Ho Chi Minh City due to suspected Salmonella poisoning from consuming banh mi.

    Confusion Over New Vietnamese Education Laws

    Parents in Vietnam are grappling with the recent introduction of fines for compelling children to study, leading to widespread confusion.

    In a tragic incident in northern Vietnam, a woman caused a fatal accident by obstructing the road to dry rice.

    Seven footballers who were naturalized in Malaysia are now seeking compensation from the Football Association of Malaysia (FAM) following a FIFA ban.

    Interestingly, a Vietnamese individual is found to consume 81 packs of instant noodles annually, surpassing Koreans.

    Thailand has issued a new law where daytime drinking could be penalized with a $300 fine.

    The U.S. Dollar and Vietnamese Dong

    The U.S. dollar has reached a one-month high against the Vietnamese dong. On a Tuesday morning, Vietcombank sold the greenback at a 0.05% higher rate, pegging it at VND26,373.

    However, on the black market, the dollar saw a 0.36% fall, trading at VND27,650.

    Globally, the yen, seen as a safe-haven, reached its lowest since February on the same Tuesday. Riskier currencies held firm against the dollar, as traders predicted an end to the U.S. government shutdown in the coming days.

    The euro maintained stability at $1.1555, while sterling gradually edged higher to $1.3165.

    A deal that would restore U.S. federal funding and conclude the longest shutdown was passed by the U.S. Senate late on Monday. It now awaits the approval of the House, where Speaker Mike Johnson has expressed his intent to pass it by Wednesday and forward it to President Donald Trump for his signature.

    Questions & Answers

    Who is the Singaporean that emerged victorious over 700 competitors to run Chick-fil-A’s first restaurant in Asia?
    Details about this individual are yet to be disclosed.

    What law has recently been introduced in Vietnam in relation to children’s education?
    A new law has been enacted in Vietnam that imposes fines on parents who force their children to study.

    What is the current situation of the U.S. dollar against the Vietnamese dong?
    The U.S. dollar recently hit a one-month high against the Vietnamese dong, being sold 0.05% higher at VND26,373 by Vietcombank. However, it experienced a 0.36% drop on the black market, being traded at VND27,650.

  • KFC’s Zinger Banh Mi Sparks Debate: Innovative Fusion or Vietnamese Cuisine Faux Pas?

    KFC’s Zinger Banh Mi Sparks Debate: Innovative Fusion or Vietnamese Cuisine Faux Pas?

    KFC Australia has stirred up a buzz in the culinary world with its unique food fusion, the Zinger Banh Mi. This novel dish marries KFC’s crispy chicken fillet with a classic Vietnamese sandwich, introducing a fresh and somewhat unconventional dining experience.

    A Taste of Innovation

    On November 4, KFC Australia rolled out the Zinger Banh Mi across the country, following a successful trial run in Newcastle. This limited-edition dish comprises coleslaw, chili, coriander, mayonnaise, KFC Supercharger sauce, and a Zinger chicken fillet, all nestled within a traditional Banh Mi roll.

    Sally Spriggs, KFC’s group marketing director, expressed her excitement about the new offering. She said, “At KFC, we love putting our own spin on modern foods, and the Zinger Banh Mi is our take on a dearly-loved classic. It’s an exquisite blend of spice, freshness, and texture, a truly tantalising combination that heralds flavor innovation while offering our fans a fresh way to savour our renowned Zinger.”

    Melding Flavours and Cultures

    Food enthusiasts have shown considerable interest in this unique concoction. Georgia Mahood hailed it as the “ultimate flavor fusion”, characterising it as a marriage of KFC’s signature spice with the light and refreshing flavours typical of a Banh Mi. The traditional Vietnamese sandwich usually comprises a crusty baguette filled with ingredients like pate, grilled chicken, beef, pickles, and herbs.

    However, not all reactions to the Zinger Banh Mi have been entirely positive. Some critics, particularly those familiar with traditional Banh Mi, have expressed scepticism. One reviewer noted, “The banh mi from KFC was tasty, but it didn’t really taste like a banh mi. It’s missing the absolutely vital ingredients that define a banh mi!”

    The Zinger Banh Mi is available at select KFC restaurants, priced from AUD9.95 (US$6.50). However, this offering is only available until December 1.

    A Global Taste Journey

    The Zinger Banh Mi is part of KFC’s strategy to expand its menu with international-inspired offerings. This initiative features a series of limited-edition releases that tap into global food trends. Other offerings include the Sweet Tokyo Feast, which boasts crispy fried chicken coated in a sweet teriyaki-style glaze and sprinkled with sesame seeds. Earlier, the fast-food chain launched a kebab range that combined its iconic Original Recipe and Zinger chicken with flavourful salads and sauces.

    Questions & Answers

    What is the Zinger Banh Mi?
    The Zinger Banh Mi is a fusion of KFC’s crispy chicken fillet and a traditional Vietnamese sandwich. It features coleslaw, chili, coriander, mayonnaise, KFC Supercharger sauce, and a Zinger chicken fillet, served on a Banh Mi roll.

    Where can the Zinger Banh Mi be purchased, and for how long?
    The Zinger Banh Mi is available at selected KFC restaurants until December 1. The price starts at AUD9.95 (US$6.50).

    What other international-inspired offerings has KFC introduced?
    KFC has launched a series of limited-edition menu items inspired by international cuisine. These include the Sweet Tokyo Feast, featuring teriyaki-style glazed chicken, and a range of kebabs combining its Original Recipe and Zinger chicken with salads and sauces.

  • “Vietnamese E-commerce Boom: Monthly Online Spending Hits $1.3B on Top Platforms

    “Vietnamese E-commerce Boom: Monthly Online Spending Hits $1.3B on Top Platforms

    In the first three quarters of the year, consumers in Vietnam have shown a growing preference for e-commerce, spending approximately VND34 trillion (US$1.3 billion) per month on popular platforms such as Shopee, TikTok Shop, Lazada, and Tiki. According to analysis from data provider Metric, the gross merchandise value of these leading platforms reached a total of VND305.9 trillion, marking a substantial 34% increase from the previous year.

    Factors Fueling E-commerce Growth

    Several factors contribute to the impressive growth of these e-commerce platforms. A surge in demand, coupled with enticing incentives such as heavy discounts and low shipping fees, has led to increased consumer spending. Additionally, sellers are investing more in livestreaming and short-form video content to further stimulate buyer interest.

    Shopee has maintained its position as the dominant platform, accounting for 56% of the gross merchandise value for the aforementioned period. It is trailed by TikTok Shop, which holds 41% of the market share.

    Shopee’s collaboration with YouTube has also paid off, with 2.4 million products now linked to the video sharing platform. In another strategic move, Shopee recently teamed up with Meta to facilitate the purchase of its products via Facebook livestreams.

    Platform-Specific Strategies

    Meanwhile, TikTok has honed its focus on promoting sales through videos and livestreams. One particular campaign in the northern mountain province of Lai Chau was notably successful, with 300 tons of potatoes sold in the months of September and October.

    Lazada, holding a steady 3% market share, saw the strongest growth in average order value over the past nine months. The platform has been expanding its product range by partnering with several milk brands and South Korean retailer G-Market, adding an estimated 20 million new products to its offerings.

    Looking forward, Metric predicts the gross merchandise value for these four platforms will rise by 15% year-on-year in the fourth quarter. Fashion, beauty, household goods, and groceries-food are expected to continue leading in sales.

    Questions & Answers

    What factors are contributing to the growth of e-commerce in Vietnam?
    Increased demand, attractive discounts, low shipping fees, and more investment in livestreaming and short video content are driving e-commerce growth.

    Which e-commerce platform holds the largest market share in Vietnam?
    Shopee holds the largest market share, accounting for 56% of the gross merchandise value in the first three quarters of the year.

    Which categories are expected to lead in sales in the fourth quarter?
    Fashion, beauty, household goods, and groceries-food are forecast to maintain the lead in sales.

  • US Dollar Clinches Marginal Victory Over Vietnamese Dong Amidst Divided Federal Reserve

    US Dollar Clinches Marginal Victory Over Vietnamese Dong Amidst Divided Federal Reserve

    On Tuesday morning, the U.S. dollar saw marginal gains against the Vietnamese dong. Vietcombank’s transactions reflected a 0.008% rise in the value of the dollar, selling at VND26,349.

    The U.S. Dollar on the Black Market

    Interestingly, on the black market, the dollar experienced a more significant increase of 0.14%, selling at VND27,840.

    Global Scene

    Globally, the U.S. dollar was trading close to a three-month high on Tuesday. The Federal Reserve’s evident division has led traders to restrain their expectations for interest rate cuts.

    In particular, the Australian dollar experienced fluctuations following the central bank’s cautious stance on inflation risks. After an immediate slip of 0.3%, it managed to recover some of its losses, closing at $0.6529, a 0.17% decrease for the day.

    The Dollar Index

    The dollar index, which juxtaposes the U.S. currency against a basket of six other currencies, also experienced a slight uptick of 0.1%, standing at 99.99.

    Questions & Answers

    What was the selling rate of the U.S. dollar against the Vietnamese dong on Tuesday?
    The U.S. dollar was sold at VND26,349, reflecting a 0.008% gain against the Vietnamese dong.

    What was the performance of the U.S. dollar on the black market?
    On the black market, the U.S. dollar rose 0.14% to VND27,840 against the Vietnamese dong.

    How did the Australian dollar perform after the central bank’s policy decision?
    The Australian dollar experienced a slip of 0.3% immediately after the policy decision, but it managed to recover and closed at $0.6529, a 0.17% decrease for the day.