E-commerce market: big players incur big losses
E-commerce market: big players incur big lossesVietNamNet Bridge - The total accumulative loss of the four biggest players in the e-commerce market has reached VND4.5 trillion. Big players incur big lossesE-commerce, which has witnessed a boom in the last five years, saw a high growth rate of 25 percent in 2017, according to the Vietnam E-commerce Association (Vecom). In such a fledgling and fast-growing market, all the big players have been seeing losses as they are spending a lot scrambling for market share. In such a fledgling and fast-growing market, all the big players have been seeing losses as they are spending a lot scrambling for market share. US$1=VND22,000RELATED NEWSE-commerce: the major battle is in their warehouses, delivery servicesVietnam’s e-commerce market sees many new arrivalsChi Mai
Source:VietNamNet News
July 28, 2018 06:33 UTC
Social News 28/7
Another goal of the prize is to foster national and international collaborations for medical education and better health care. He asked for the increase of supervision and protection of UNESCO-recognised cultural and natural heritage sites, as well as for non-geographical cultural heritage, such as traditions and rituals. UNESCO has recognised eight heritage sites in Vietnam as deserving the status of World Cultural and Natural Heritage. Under the Law on Cultural Heritage and the Convention of the Safeguarding of Intangible Cultural Heritage, Vietnam has 61,669 intangible cultural heritage elements. Meanwhile, loans worth 4.4 billion VND (189,260 USD) for upgrading two ships have already been disbursed.
Source:VietNamNet News
July 28, 2018 04:35 UTC
Collapse of Laos hydropower dam will have minor impact in Vietnam: scientists
Collapse of Laos hydropower dam will have minor impact in Vietnam: scientistsVietNamNet Bridge - Officials and scientists have said that the accident at the Sepien Senamnoi hydropower dam in Attapeu, Laos will not create a “water bomb” attacking the Vietnam’s Mekong Delta. Officials and scientists have said that the accident at the Sepien Senamnoi hydropower dam in Attapeu, Laos will not create a “water bomb” attacking the Vietnam’s Mekong Delta. The accident with the hydropower dam in Laos won’t have a big impact on Vietnam’s Mekong Delta. The Mekong River Commission is still looking for more information to make calculations. So, it won’t be able to cause floods in Vietnam’s Mekong Delta when it reaches Vietnam,” he explained.
Source:VietNamNet News
July 28, 2018 04:07 UTC
A glimpse at female street vendors in Hanoi
A glimpse at female street vendors in HanoiStreet vendors have grown along with Hanoi through hundreds of years. They have become a symbolic image of the thousands-year-old capital. Many rural women choose to be street vendors to earn their living. A life without a friend is a life without sun. Street vendors make the picture of Hanoi distinctive, as they’re a sight which can hardly be found elsewhere in the world.-VNA
Source:VietNamNet News
July 28, 2018 03:55 UTC
Government News 28/7
They also congratulated the Philippine Embassy on the success of the Seminar on ASEAN Economic Community (AEC), which raised public awareness of economic opportunities brought by the AEC for businesses in ASEAN and Europe. At the event, Deputy Prime Minister Truong Hoa Binh praised the sector’s improvements in inspection and combating corruption, but pointed to a number of shortcomings that need to be promptly addressed. Secondly, both Vietnam and India have posted robust economic growth in recent times, creating many opportunities for economic cooperation. However, the Vietnamese ambassador noted that there are many opportunities for economic cooperation between the two countries that have yet to be tapped. The diplomat also briefed his host about the successful outcomes from the official visit to Greece by Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh in early July.
Source:VietNamNet News
July 28, 2018 03:45 UTC
Galaxy Note 9, S10 imitation products available in HCMC
Galaxy Note 9, S10 imitation products available in HCMCVietNamNet Bridge - Chinese-made smartphones imitating Samsung's upcoming high-end models are being sold in HCMC at VND2.7 million. The products are introduced by sellers as ‘Galaxy Note 9 Edge’, ‘Galaxy Note 9 Taiwan’, ‘first-class Galaxy Note 9 Taiwan’, ‘Galaxy Note 9 Singapore’ or ‘Galaxy S10 Taiwan’. An analyst said the imitation Galaxy Note 9 is designed based on rumors about genuine Galaxy Note 9 phones, with rear dual camera with flash light, and heart rate and fingerprint sensors. As for the software, the imitation Galaxy Note 9 runs on Android 7.0 with interface quite similar to Samsung's TouchWiz. Unlike imitation Note 9, the fake Galaxy S10 has design similar to the current Galaxy S9 and are not popular.
Source:VietNamNet News
July 28, 2018 03:11 UTC
Nurses travel thousands of miles to learn Vietnamese health care
Nurses travel thousands of miles to learn Vietnamese health careStudent nurses from the United Kingdom are enjoying a taste of Asia and learning about the Vietnamese healthcare system. “Intensive care units here have three nurses taking care of eight patients whereas back in the UK we have 12 patients but it’s one nurse per patient. “For the skills, the UK nurses mainly observe, they do not practise. Besides visits from UK students, Birmingham experts also come to the hospital to train staff and help the hospital in medical practice. “The standard nursing environment in the UK is for professional hospital staff to take care of the patients.
Source:VietNamNet News
July 28, 2018 01:52 UTC
Foreign banks gear up to expand networks in Vietnam
Foreign banks gear up to expand networks in VietnamVietNamNet Bridge - In the last two years, Vietnam saw many foreign finance institutions leaving Vietnam or scaling down their investment. Foreign banks tend to expand their operation in Vietnam by opening more branches and transaction offices over the country. The move shows that foreign banks have big ambitions in the Vietnamese market and want to compete with Vietnamese banks in the retail banking sector. Meanwhile, some foreign banks which have representative offices in Vietnam have decided to extend their operation in Vietnam. RELATED NEWSVietnam banks see more withdrawals of foreign shareholdersVietnamese banks thrive following foreign partners’ divestmentMai Thanh
Source:VietNamNet News
July 28, 2018 01:41 UTC
EVFTA expected to be signed late 2018
EVFTA expected to be signed late 2018Bernd Lange, Chairman of the European Parliament’s Committee on International Trade, has said he expects the European Union-Vietnam Free Trade Agreement (EVFTA) to be signed at the Asia-Europe Meeting Summit in October or sometime in November this year. It is now ready to be translated into the 24 official languages of the European Union (EU) and sent to the 28 member countries for consideration. The two sides need to make efforts to solve outstanding problems while the European Parliament considers and ratifies this agreement, the official added. The EVFTA will bring about a number of opportunities for both the EU and Vietnamese businesses, thus supporting the development of both sides in the long run, Lange affirmed. Not many small- and medium-sized firms really understand the direct benefits of this trade pact, and so the two sides should assist companies in capacity building.
Source:VietNamNet News
July 27, 2018 14:48 UTC
VN’s exceptional destinations this summer!
Nha Trang & Phu Quoc - VN’s exceptional destinations this summer! With extensive passenger service spaces, the Cam Ranh and Phu Quoc International Airports offer a lot of shopping opportunities. The discount program 10% at Cam Ranh International Airport and 5% at Phu Quoc International Airport plus more attractive gifts. The Cam Ranh International Airport has been upgraded to an international airport since 2007 with the terminal T1 being used for both internationally and domestically since 2009. The Phu Quoc International Airport - the first international airport completely built since 1975 – has been operated for international and domestic customers since 2009 and invested 100% by ACV.
Source:VietNamNet News
July 27, 2018 14:15 UTC
Party Central Committee’s Inspection Commission holds 28th meeting
Party Central Committee’s Inspection Commission holds 28th meetingThe Inspection Commission of the Party Central Committee held its 28th session from July 24-26, focusing on violations of regulations committed by several units and individuals. Thanh himself violated the principle of democratic centralism, showed a lack of responsibility and lax leadership, thus letting many wrongdoings and mistakes happen at General Department IV. The Inspection Commission stressed that the violations made by the Standing Board of the Party Committee of General Department IV and by Lt. Gen. Vu Thuat, former Vice Secretary of the Party Committee and former Vice Director General of General Department IV. The commission also asked the Standing Board of the Central Military Commission to mete out disciplinary measures in line with its authority against the Standing Board of the Party Committee of the Air Defence-Air Force Service (tenure 2010-2015).
Source:VietNamNet News
July 27, 2018 12:11 UTC
Ella Mai is the first Brit to top the US R&B chart since 1992
Ella Mai is the first Brit to top the US R&B chart since 1992For the first time in more than a quarter of a century, a British singer has topped the US R&B chart. Ella Mai, a 23-year-old from south London, went to number one on Thursday with Boo'd Up, a soulful infatuation anthem she first released last year. Fellow Brits Charli XCX, Paul McCartney and Kyla have recently appeared as featured artists on US R&B number ones, but Ella Mai is the first to reach the peak as a lead artist for 26 years. Ella Mai wasn't prepared for Boo'd Up's success, but says she understands why people latched on to it. After being kicked out of the competition, the band broke up and Ella Mai began posting cover versions on Instagram.
Source:VietNamNet News
July 27, 2018 10:07 UTC
Forbes Vietnam honours top 50 listed firms
Forbes Vietnam honours top 50 listed firmsForbes Vietnam on July 26 organised a ceremony to honour Vietnam’s top 50 listed companies in 2018, which account for 70.8 percent of total market capitalisation on the HCM and Hanoi stock exchanges. At the ceremony (Source: Forbes Vietnam)The 50 listed companies on the two stock exchanges have recorded a combined total profit of nearly 107 trillion VND (4.75 billion USD), a year-on-year increase of 34 percent. Property developer Vingroup is the largest company by market capitalisation, according to Forbes Vietnam, with its market value reaching 15 billion USD on May 15. “Forbes Vietnam’s sixth list of top companies in Vietnam reflects the movement of the Vietnamese economy and the securities market in the last year,” said Nguyen Lan Anh, editor of the Forbes Vietnam magazine. Forbes Vietnam applies company ranking methods of Forbes (an American Business Magazine), taking into consideration the characteristics of the businesses listed in Vietnam.
Source:VietNamNet News
July 27, 2018 09:45 UTC
Chinese steel manufacturers flock to Vietnam to avoid US trade war
Chinese steel manufacturers flock to Vietnam to avoid US trade warVietNamNet Bridge - Fearing a China-US trade war worth tens of billions of dollars, Chinese steel manufacturers are rushing to relocate parts of their production capacity to other countries, including Vietnam. Analysts noted that many steel manufacturers from China are planning to set up steel mills in Vietnam or are hunting for unprofitable Vietnamese steel enterprises to take over enterprises and inherit their operation licenses. Many steel manufacturers from China are planning to set up steel mills in Vietnam or are hunting for unprofitable Vietnamese steel enterprises to take over enterprises and inherit their operation licenses. The Chinese move of relocating steel mills to Vietnam is expected to bring danger to domestic manufacturers. Vietnam has been warned it may be involved in misfortune when Chinese steel manufacturers export their products to other countries under the cloak of Vietnam products.
Source:VietNamNet News
July 27, 2018 09:22 UTC
Vietnam, Algeria eye expanded ties in tourism
Vietnam, Algeria eye expanded ties in tourismAlgerian Minister of Tourism and Craft Industry Abdelkader Benmessaoud on July 26 received Vietnamese Ambassador Pham Quoc Tru in Algiers, who came to discuss expanding cooperation between the two countries, particularly in tourism. Speaking at the meeting, the two officials emphasised the need to accelerate the implementation of the memorandum of understanding (MoU) in tourism inked between Vietnam and Algeria in 2015. Algeria is striving to develop tourism and craft industries to diversify its economy, the minister noted, adding that tourism will become a pillar in the country’s economy. He expressed his desire to deepen the bilateral partnership for Algeria to learn from Vietnam’s experience in developing tourism and craft industries. The two sides later agreed to hold a Vietnam – Algeria tourism cooperation forum this November in Algiers alongside the first meeting of the joint committee for supervision of bilateral tourism cooperation between the two countries.
Source:VietNamNet News
July 27, 2018 05:26 UTC