Footwear manufacturers plan comeback to conquer home market

Footwear manufacturers plan comeback to conquer home marketVietNamNet Bridge - Though only around 10 Vietnamese footwear brands exist in the home market and each holds a modest 2 percent of market share, the products have begun conquering the local consumer market. With mid-range prices, and a design center and workshop in Brazil, Vascara has great advantages in the Vietnamese market. With mid-range prices, and a design center and workshop in Brazil, Vascara has great advantages in the Vietnamese market. A branding expert commented that Vietnamese brands won’t have many opportunities to succeed in the high-end market, because consumers won’t pay high prices for Vietnamese brands. However, since most Vietnamese brands target the mid-end market segment, the competition among them is stiff, especially when foreign brands target the market segment that includes Zara, H&M, Top Shop and Uniqlo.

April 29, 2017 07:18 UTC

Vietnam’s food companies attract more foreign investors

Vietnam’s food companies attract more foreign investorsVietNamNet Bridge - The attractiveness of the processed food industry in Vietnam, a market with 90 million consumers, can be seen in the high number of merger & acquisition (M&A) deals made in the last three years. VinaCapital said it will continue seeking opportunities to invest in consumer goods companies, especially food and drink manufacturers. Foreign investors struggled to obtain Vissan’s stakes, which shows the hotness of the Vietnamese food market. Analysts all commented that the Vietnamese food market has stable growth rate of 10-15 percent per annum. The processed food market can be classified into four market segments – meat processing, seafood processing, milk and fruit processing.

April 29, 2017 02:15 UTC

“Biophilic Design – The Architecture of Life” to be screened in Hanoi, Saigon & Danang

“Biophilic Design – The Architecture of Life” to be screened in Hanoi, Saigon & DanangVietNamNet Bridge - “Biophilic Design – The Architecture of Life” by Dr. Stephen R. Kellert will be screened in Hanoi, HCM City and Da Nang this May. “Biophilic Design – The Architecture of Life” is not a film about a school of architecture, but a convincing analysis that people cannot live without nature. Biophilic Design is an innovative way of designing the places where we live, work, and learn. Come on a journey from our evolutionary past and the origins of architecture to the world’s most celebrated buildings in a search for the architecture of life. Biophilic Design points the way toward creating healthy and productive habitats for modern humans.

April 29, 2017 00:11 UTC

ASEAN foreign ministers fret over Korean Peninsula situation

MANILA – ASEAN foreign ministers issued yesterday a statement expressing grave concern over the escalation of tension in the Korean Peninsula, urging the Democratic People’s Republic of Korea (DPRK) and all parties concerned to exercise self-restraint to de-escalate the tension. They also called for the resumption of dialogue on the Korean Peninsula to defuse tensions and create conditions conducive to peace and stability. The Korean Peninsula situation was one of the main issues tabled at the ASEAN Foreign Ministers’ Meeting, the 15th meeting of the ASEAN Political-Security Community Council, and the 19th meeting of the ASEAN Coordinating Council in Manila, the Philippines, on April 28. Speaking at the meetings, Viet Nam’s Deputy Prime Minister and Foreign Minister Phạm Bình Minh shared other countries’ viewpoint on the tensions. Regarding the East Sea issue, Minh shared other countries’ concern about complex developments in the waters, including reclamation and militarisation activities.

April 28, 2017 16:07 UTC

Young Fine Arts Festival coming this October

HÀ NỘI — The 4th Young Fine Arts Festival, featuring creative works of art by young Vietnamese artists, will be organised in Hà Nội this October. The event will be jointly held by the Ministry of Culture, Sports and Tourism’s Fine Arts, Photography and Exhibition Department, Việt Nam Fine Arts Association and Việt Nam University of Fine Arts. “The Young Fine Arts Festival 2017 aims to encourage the young generation of Vietnamese artists’ creativity and development as well as contribute to an increase in artistic activities and works reflecting Việt Nam’s contemporary fine arts,” Vi Kiến Thành, head of the Fine Arts, Photography and Exhibition Department, said. Launched in 2007, the triennial festival helps discover and encourage young artists to develop fine arts and integrate with global contemporary art. Young Vietnamese artists from 18 to 35 can submit photos of their entries to the Fine Arts, Photography and Exhibition Department on June 19-23.

April 28, 2017 12:00 UTC

VN clears third round for UNESCO chief position

HÀ NỘI – Ambassador Phạm Sanh Châu, assistant minister of foreign affairs, completed the third selection round for the position of director general of the United Nations Educational, Scientific and Cultural Organisation (UNESCO). On Thursday, the assistant minister made a presentation on his action programme to the UNESCO executive board and ambassadors of member countries. The candidates were interviewed on April 26 and 27, during the 201st session of the UNESCO executive board meeting in Paris, France. Every four years, a new director general for UNESCO is elected by its General Conference. The General Conference will then consider this nomination and elect, by secret ballot, the person proposed by the executive board.

April 28, 2017 09:11 UTC

Vietnam jumps for bronze at Asian Grand Prix

Vietnam jumps for bronze at Asian Grand PrixViet Nam’s Duong Thi Viet Anh won a bronze medal in women’s high jump in the second leg of Asian Grand Prix in China on April 27. Duong Thi Viet Anh (left) and Vietnamese coach and athletes at the Asian Grand Prix in China. Nadiya Dusonova of Uzbekistan took the gold with a jump of 1.80m at third attempt. It is Anh’s second medal at the Grand Prix; she won a silver in the first leg on April 24. Viet Nam grabbed one gold, one silver and two bronze medals in the second leg, and are placed at the fifth position among the 14 participating teams.

April 28, 2017 09:00 UTC

Man prosecuted for child sexual abuse

Man prosecuted for child sexual abusePolice in northern Ha Nam Province’s Kim Bang District will investigate a man for allegedly abusing children, head of the district police Le Van Tuan has said. Some 2,000 Vietnamese children face violence and abuse annually. Do Van Huong, 58, has been put into temporary detention. Earlier, parents of many students of the school filed complaints with local authorities about Huong sexually abusing the students. The Ministry of Labour, Invalids and Social Affairs estimates that some 2,000 Vietnamese children face violence and abuse annually, of whom 1,200 suffer sexual abuse.

April 28, 2017 09:00 UTC

31 percent of firms pay as bribery for customs procedure: survey

31 percent of firms pay as bribery for customs procedure: surveyThe ratio of businesses having to pay “under table” fees when doing customs procedure was 31 percent, according to a survey on administrative reform last year by the Vietnam Chamber of Commerce and Industry (VCCI). Businesses do customs declaration at HCMC’s Customs Division Zone 1-Cat LaiThe survey’s results were announced yesterday by VCCI in coordination with Vietnam Customs. According to the survey, the ratio was higher than that in 2015 when it reached 28 percent. However, the survey also points out concerning problems including the high ratio of businesses having to pay unofficial costs. Mr. Kim Long Bien from the Reform and Modernization Division of Vietnam Customs said that the customs industry has been aware of the issue through businesses’ opinions and continued reform.

April 28, 2017 08:48 UTC

FPT to boost cooperation with French firms

HÀ NỘI — FPT will cooperate with French businesses to promote the fourth industrial revolution, FPT chairman Trương Gia Bình said at a workshop held in Paris on Wednesday. The ambassador also hoped FPT and the French firms could reach new agreements of cooperation, especially in the fields of providing information technology (IT) services and specialised solutions. At the conference, La Poste chairman Philippe Wahl said cooperation with Việt Nam was one of the key steps in the development orientation of the company in Asia. With regard to technology, Việt Nam was taking strong steps in terms of development and FPT was one of the pioneers. The event was organised by FPT in collaboration with France’s IE Club and La Poste Company to seek opportunities between FPT and French enterprises as part of the fourth industrial revolution.— VNS

April 28, 2017 08:37 UTC

HCM City to introduce street signs in English

HCM City to introduce street signs in EnglishThe HCM City Department of Transport has recently announced that the city will pilot the addition of English-language signage from early May, in order to support foreign visitors to travel in and discover the city. Initially, three streets in District 1 will have signposts in English: Vo Van Kiet, Ky Con, and Nguyen Thai Hoc. The city will then continue to install signs in English at the gateway to Tan Son Nhat International Airport and some national highways. The department will also look into which other areas visitors may need such signs. It previously added English-language instructions in works at Tan Son Nhat International Airport and the city’s urban railway project.

April 28, 2017 08:26 UTC

Foreign franchising presents myriad opportunities

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April 28, 2017 08:26 UTC

Viettel to expand to Indonesia and Nigeria

Viettel to expand to Indonesia and NigeriaThe military-run mobile carrier Viettel is planning to expand its investments to Indonesia and Nigeria, two countries with the largest populations in the world, group leaders told the annual general meeting of Viettel Global, a subsidiary of the Viettel Group. As at June 2016, Indonesia and Nigeria had populations of 258 million and 187 million, respectively. Investments in the two countries would create conditions for Viettel to continue to expand its investments in other regions, according to the group. Viettel Global targets revenue of over $1.3 billion this year, up 29 per cent year-on-year, with pre-tax profit of $5 million. Viettel Group decided to establish Viettel Global last year to expand its operations in foreign countries and seek investment opportunities.

April 28, 2017 08:26 UTC

Car dealer’s CEO arrested for smuggling

HÀ NỘI — The CEO of Euro Auto company, an authorised BMW cars dealer in HCM City, has been arrested for allegedly smuggling luxury cars into the country. The Ministry of Public Security’s Police Department of Economy and Corruption-related Crimes on Wednesday inspected the home and office of Nguyễn Đăng Thảo, who has been the CEO of Euro Auto since November 2015. In late 2016, authorities discovered many violations while examining the company’s car imports. Euro Auto was found to sell imported cars even while the cars were waiting for the required customs clearance. The company also failed to provide legal documents to prove the origin of many products, and allegedly used fake documents such as purchase contracts and receipts to import cars.

April 28, 2017 08:03 UTC

Agro-forestry-aquatic product exports hit $10.8 billion

Key farm produce contributed $5.8 billion to the export value, up 12 per cent from the same period last year. Exports of wood and wooden products brought home $2.4 billion in the four-month period, rising 12.7 per cent over the figure of 2016. During the period, Việt Nam also shipped aquatic products worth $2.1 billion abroad, achieving a growth rate of 8.2 per cent year-on-year. Meanwhile, vegetable and fruit exports witnessed a year-on-year hike of 32.6 per cent in export value to $1 billion. Việt Nam spent $8.52 billion to import agro-forestry-aquatic products from other countries, up 21.4 per cent from last year’s figure.

April 28, 2017 08:03 UTC

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