Retailers see great opportunities with street food sales

Last update 14:00 | 19/11/2017
VietNamNet Bridge – The Vietnamese street food market, with estimated value of VND47 trillion, is now attracting big food supply chains and retailers.


vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, retailer, street food, F&B sector

The Satrafoods shop run by the Sai Gon Trade Corporation (Satra) in district 10, HCMC, is busiest when school hours finish as it receives students from Tran Nhan Tong School nearby. The students buy sausage, milk tea and ten-ingredient fried rice. Continue reading “Retailers see great opportunities with street food sales”

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Battery swapping can propel India’s electric car revolution

Published on Monday, 23 October 2017

Motorists can charge their vehicles automatically in less than a minute with the battery-swapping system.
Motorists can charge their vehicles automatically in less than a minute with the battery-swapping system.

adb.org_Imagine you’re buying a car, and the manufacturer forces you to purchase not only the vehicle itself but also demanded you pay upfront for 10 years worth of fuel. About $25,000 for the car and another $50,000 for the gas. Would you still purchase the car? Absolutely not, unless the gasoline was given at a discount price, right?

Anyone shopping for an electric car could be forgiven for thinking that manufacturers are asking to pay upfront for future energy use. These vehicles are still on average about 35% more expensive than non-electric cars – despite gradually declining battery prices and the promise of practically zero maintenance fees. Continue reading “Battery swapping can propel India’s electric car revolution”

Vietnam is gold mine for int’l express delivery firms

Last update 08:00 | 23/10/2017
VietNamNet Bridge – As Vietnamese favor foreign-made products and are willing to pay more for products they like, international express delivery firms see Vietnam as a fertile land for their business.


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The rapid increase in imports/exports has also helped the development of logistics companies. A GDC (General Department of Customs) report shows that import/export turnover in the first eight months of the year reached $270.91 billion, an increase of 20.9 percent over the same period last year. Continue reading “Vietnam is gold mine for int’l express delivery firms”

Qualified labour lacking in logistics

Vietnamnews

Update: October, 13/2017 – 09:00

The country needs roughly 20,000 high-quality workers meeting professional requirements. — Photo vneconomy.vn

Viet Nam News

HÀ NỘI — Việt Nam’s logistics sector is facing a shortage of high-quality human resources and needs co-operation in training among the Government, universities, businesses and associations.

Speaking on Thursday at a workshop in Hà Nội on upgrading the logistics workforce, deputy head of the Ministry of Industry and Trade’s Department of Export-Import, Trần Thanh Hải, said only 1,300–1,500 out of over 3,000 logistics suppliers work effectively in Việt Nam. Continue reading “Qualified labour lacking in logistics”

Logistics: Out to the world

Last update 15:07 | 10/09/2017

Despite being in its early stages of development, Vietnam’s logistics sector remains on the radar of foreign investors thanks to the country’s skilled workforce, relatively low costs, and rapid e-commerce development. 

Samsung signed an agreement to cooperate with the Minh Phuong Logistics Corporation, one of Vietnam’s leading logistics companies, in July, according to South Korean media, and this was not the first time it has announced an investment in Vietnam’s logistic market.

Broad appeal

Vietnam’s logistics sector, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news

Samsung said in a statement that it had closed a deal with Minh Phuong to establish a joint enterprise. This is the fourth time Samsung SDS has launched a joint enterprise in order to establish itself in an overseas market, and is the second time in Vietnam. Continue reading “Logistics: Out to the world”

Consumers prefer small convenience stores over giant supermarkets

Last update 13:00 | 02/09/2017

VietNamNet Bridge – Some years ago, analysts predicted that modern distribution channels would develop rapidly in Vietnam as income continued to rise. 

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, retailer, Aeon, Big C

The prediction has been realized, but convenience stores, not large supermarkets, are the favored channel.

Market analysts have found that consumers now prioritize convenience when choosing shops. They are no longer excited about the opening of new hypermarkets as they were in the past, but often prefer to shop at convenience stores near their houses. Continue reading “Consumers prefer small convenience stores over giant supermarkets”

Samsung sets up logistics company as market heats up

Last update 16:00 | 10/08/2017
VietNamNet Bridge – Setting up a logistics joint venture with Minh Phuong, Samsung has shown that it wants to jump into a new business field in Vietnam. But the move may trigger a new war in the domestic logistics market.vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, Samsung, logistics services, SYK

For the majority of Vietnamese, Samsung means smartphone, TV and washing machine. However, the South Korean investor has been taking steps towards the logistics markets.

Before joining hands with Minh Phuong, Samsung teamed up with ALS, also a logistics company, to manage the goods terminal at Noi Bai Airport, one of the two largest airports in Vietnam.

Samsung’s involvement in the management at the goods terminal at Noi Bai helps Samsung ensure delivery time and smooth operation of the supply chain. Noi Bai is the biggest export portal for Samsung’s electronic exports manufactured at its two factories in Bac Ninh and Thai Nguyen.

Samsung’s involvement in the management at the goods terminal at Noi Bai helps Samsung ensure delivery time and smooth operation of the supply chain. Noi Bai is the biggest export portal for Samsung’s electronic exports manufactured at its two factories in Bac Ninh and Thai Nguyen.

However, the cooperation with Minh Phuong is another story. The owner of the company was once praised by Bloomberg as the ‘logistics Queen’ of Vietnam. To take part in the domestic logistics market, where road transport makes up 65 percent of the market share, joining hands with Minh Phuong was the most efficient choice. Continue reading “Samsung sets up logistics company as market heats up”

As online sales boom, fast-delivery services thrive

 vietnamnet

Last update 12:00 | 01/08/2017
VietNamNet Bridge – Many businesses, from startups to big express delivery firms, have jumped into the market of fast delivery services for online shops.vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, delivery, Grab, e-commerce

Giving up a job as a technical official for a television company in HCMC, Tran Tue Man decided to provide a delivery service.

Man is optimistic about the new business after six months of operation. The business he set up has been recruiting new workers as the business is scaling up.

“The fast delivery service market has become very competitive, but it is still a ‘blue ocean’ with great potential,” the founder of ‘Giao hang gia re’ (low-cost delivery) said.

“Many online shops have arisen,” he explained, adding that the number of orders his business receives has increased by 30-50 percent a month.

However, he said 30-50 percent is still a modest growth rate. “If my sale and marketing team expands, a 100-300 percent growth rate will be within reach,” he said.

Many businesses, from startups to big express delivery firms, have jumped into the market of fast delivery services for online shops.

Man said his company plans to launch an app of its own in September. To compete with other delivery services, his company also is providing package services, such as marketing for online shops.

Man’s startup project is one of several delivery service firms which have been booming in the last three years. Continue reading “As online sales boom, fast-delivery services thrive”

Saigon underground market

Last update 10:53 | 22/05/2017

In District 1, away from all the upscale restaurants and swanky bars of the financial and entertainment districts is the first underground market of Saigon, where authentic Vietnamese food is crafted and enjoyed daily.

in photos: saigon underground market hinh 1Sense Market is located at the centre of District 1, B Park 23/9 and below Sen Hong Stage. The market opened January 7.

in photos: saigon underground market hinh 2

The entry road to the Sense Market is lush with green vegetation bordering it.  It is just a short 10-minute walk to the popular Ben Thanh Market. Continue reading “Saigon underground market”

Online sales finally begin to bear fruit

Last update 08:00 | 16/05/2017

VietNamNet Bridge – Retailers’ great efforts to develop online sales have been rewarded with initial success. 

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, online sale, VECOM, e-commerce

The Vietnam E-commerce Association (VECOM) estimates that with a growth rate of 30-50 percent per annum, Vietnam’s e-commerce market value may reach $10 billion after five years.

Tran Kinh Doanh, CEO of The Gioi Di Dong, which owns The Gioi Di Dong, a mobile distribution chain, Dien May Xanh and Bach Hoa Xanh, the home appliance chains, and vuivui.com, an e-commerce trading floor, said online sales are developing rapidly. In 2015, online sales brought VND1.65 trillion in revenue, an increase of 94 percent over the year before (VND925 billion). Continue reading “Online sales finally begin to bear fruit”

“Một vành đai, Một con đường:” Có gì trong đó cho ta?

English: “One Belt, One Road:” What’s in It For Us?

Ý kiến tại hội thảo của Viện nghiên cứu biển Trung Quốc

Cầu cao tốc Beipanjiang tại tỉnh Quý Châu, Trung Quốc (Ảnh: Glabb / trên trang Wikimedia Commons)

Alexander Đại đế là người được cho là đã tuyên bố: “người lo hậu cần là những kẻ không hề hài hước…họ hiểu rằng nếu chiến dịch của ta thất bại, chúng là những kẻ đầu tiên ta xử tử.” Alexander Đại đế là một trong những chiến lược gia đầu tiên hiểu được tầm quan trọng của việc kết nối và cũng là người đầu tiên chỉ ra rằng chẳng có gì đáng cười về điều này. Tốc độ và độ tin cậy của việc vận chuyển và các dạng liên lạc khác có ý nghĩa rất lớn đối với hiệu quả kinh tế cũng như đối với chiến tranh. Continue reading ““Một vành đai, Một con đường:” Có gì trong đó cho ta?”

Vietnam prepares domestic trade strategy

Last update 09:56 | 05/05/2017

A strategy is being developed to promote domestic trade by 2025 with a vision to 2035.

Vietnam prepares domestic trade strategy, vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam reaking news

Consumers shop at Co.op Mart in Vinh Phuc Province. Viet Nam is developing a strategy to promote domestic trade. 

“The development of domestic trade lacks a comprehensive strategy despite its important role in the economy,” said Pham Nguyen Minh, Director of the Viet Nam Institute for Trade, at a workshop held yesterday to collect comments for the domestic trade development strategy by 2025.

Minh said special attention should be paid to developing supplying chains as well as infrastructure for goods circulation. Continue reading “Vietnam prepares domestic trade strategy”

The power of super projects: Tuan Chau’s proposals

Last update 14:00 | 16/04/2017

VietNamNet Bridge – Tuan Chau Island “King” Dao Hong Tuyen has caused quite a stir by suggesting a series of mammoth real estate projects in HCMC with total investment capital of VND65 trillion. 

vietnam economy, business news, vn news, vietnamnet bridge, english news, Vietnam news, news Vietnam, vietnamnet news, vn news, Vietnam net news, Vietnam latest news, Vietnam breaking news, Dao Hong Tuyen, Tuan Chau, super project

Tuyen has suggested building a tourism resort complex – Sai Gon Marina City – in Can Gio beach with the total area of 1,430 hectares.

This would include a yacht port to connect to Singapore, Hong Kong and Thailand; ferry line and speedboat to connect to Can Gio and Vung Tau; high-speed and yachts to connect to HCMC with neighboring areas; and resorts, ecological urban areas and a seafood town.

Tuan Chau Island “King” Dao Hong Tuyen has caused quite a stir by suggesting a series of mammoth real estate projects in HCMC with total investment capital of VND65 trillion. 

Tuan Chau has also suggested building a boulevard along Sai Go River, about 60 kilometers long, from the Nguyen Huu – Ton Duc Thang turning point to Ben Suc Bridge in Cu Chi district, and an aromatics and chemicals trade center on 20 hectares in Tan Kien ward of Binh Chanh district.

Of the estimated total investment capital of VND65 trillion, Tuan Chau Group would contribute 50 percent.

Tuan Chau’s president Dao Hong Tuyen, who is famous for daring projects, told the press that he hired five foreign consultancy firms, 25 planning experts and tens of engineers, who had to work nights for more than 10 days to implement the survey work and project planning. Continue reading “The power of super projects: Tuan Chau’s proposals”

Nearly 67,000 Vietnamese scammed of $88mn by pyramid company

Tuoi Tre News

Updated : 04/14/2017 15:00 GMT + 7

 

Le Xuan Giang is dressed in his military uniform during an event organized for Lien Ket Viet Company.
File Photo

Nearly 67,000 people in Vietnam fell victim to a multi-level marketing company, losing over VND2 trillion (US$88.4 million) in the fraudulent business scheme.

Officers from the Ministry of Public Security on Thursday announced the result of an investigation into fraud and property appropriation charges against Lien Ket Viet, a company specializing in network marketing.

The Supreme People’s Procuracy has been asked to begin legal procedures against Le Xuan Giang, chairman of Lien Ket Viet management board, Le Van Tu, general director, Nguyen Thi Thuy, deputy general director, and four other accomplices. Continue reading “Nearly 67,000 Vietnamese scammed of $88mn by pyramid company”

Chính sách công nghiệp: Chỉ dẫn cho một vấn đề phức tạp (P2)

English: Industrial Policy: A Guide for the Perplexed

Đừng bị ám ảnh bởi sản xuất

Sản xuất xứng đáng nhận được sự chú ý. Sản xuất tạo ra phần lớn doanh thu xuất khẩu ở các nước giàu và có lịch sử phát triển nhanh về năng suất. Mặc dù vậy, sản xuất chỉ tạo ra khoảng 10-15% việc làm ở các nước đang phát triển (và thậm chí ít hơn ở Hoa Kỳ và một vài nước phát triển nhất thế giới), và sản xuất cũng không còn đóng vai trò quan trọng trong việc tạo ra giá trị thặng dư và việc làm (Dadush, 2015). Nói cách khác, sản xuất là ngành nhỏ và tương đối chậm phát triển, trong khi cạnh tranh quốc tế rất khốc liệt. Bởi vì xuất khẩu sản xuất phụ thuộc nhiều vào linh kiện nhập khẩu, tính trong giá trị gia tăng, nên sản xuất đóng góp ít hơn trong nguồn thu ngoại tệ, không nhiều như mọi người thường nghĩ. Không chỉ ở các nước phát triển mà cả ở các nước đang phát triển, thu nhập ngoại tệ ròng phần lớn không có liên quan đến sản xuất. Bởi vì sản xuất tạo ra doanh thu thấp và ngày càng đi xuống và nhất là từ khi sản xuất đặc biệt thiên về tự động hóa, giá trị thặng dư dài hạn và xu thế việc làm đang trở nên tương đương với nông nghiệp dù ít nghiêm trọng hơn.
Continue reading “Chính sách công nghiệp: Chỉ dẫn cho một vấn đề phức tạp (P2)”