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Many Vietnamese tour operators have switched to online operation in order to cope with the coronavirus outbreak. The spread of the Covid-19 pandemic in 2020 is an opportunity of natural selection for the tourism sector and forces the industry to quickly change their business model, especially to online platforms, according to the Nhip cau dau tu (Investment Bridge) magazine. Illustrative photo TST Tourist has invested in online tour booking and payment instead of opening new offices even before the outbreak of the disease. The number of customers in outer provinces who booked tour packages via its website is increasing, according to General Director Lai Minh Duy. Travel agencies don’t necessarily have to move to online platform, Duy said, adding they need to consider the conversion from offline to online model reasonably to achieve the highest business results and build the prestige of the company. Saigontourist, another tour operator, established its … [Read more...] about Hard hit by Covid-19, Vietnam tourism companies go online

Denis Brunetti, president of Ericsson Vietnam, Myanmar, Cambodia, and Laos The first game streaming services were launched a few years ago. Initially, they were targeted towards console and PC gamers. Today, new opportunities to expand the mobile gaming market and further develop the gaming experience are emerging, with 5G networks and cloud gaming services becoming increasingly accessible on smartphones and tablets. The combined capabilities provided by 5G networks and edge compute technologies will enable game streaming services on smartphones with a quality of experience (QoE) on par with PC or console, and also open up for innovative, immersive mobile games based on mobility. Smartphones dwarf console sales Although the mobile cloud gaming market is still in its infancy, the wider mobile games market is already large. There are currently more than 2.4 billion mobile gamers globally, where Asia is the biggest market with over $41 billion in revenue. Mobile games generate … [Read more...] about 5G to enable a new era of mobile gaming in Vietnam

Aquatic product exports hit $1.64 bln in Q1 The export of key aquatic products posted strong rises in many markets in the first quarter of 2021, increasing Vietnam’s aquatic export turnover by 3 percent to 1.64 billion USD. Of note, shrimp and tra fish exports rose 10 percent and 11 percent in March to 270 million USD and 137 million USD, respectively. Vietnam earned 646 million USD from exporting shrimp in the first quarter, up nearly 3 percent year-on-year, while the export value of tra fish totalled 336 million USD, a rise of just 0.6 percent. Exports of squid, octopus, and fish-related products also saw positive growth signs. According to Le Hang, Deputy Director of the VASEP.PRO centre at the Vietnam Association of Seafood Exporters and Producers, the export of squid and octopus surged 8 percent in March, lifting the total export value in the first quarter to 112 million USD. The European market is recovering thanks to tariff preferences under the … [Read more...] about VIETNAM BUSINESS NEWS APRIL 8

High-tech Japanese companies are contributing to growth here through expansion across various sectors. Photo: Le Toan Japanese food giant Meiji Company has established a new group in Vietnam aiming for the further expansion of its infant formula business in the country. The amount of investment will be $1.89 million and operations commenced this month. Meiji’s infant formula business in Vietnam mainly imports products from Japan and sales are growing steadily. The number of births per year in Vietnam is 1.5 million or approximately 1.7 times higher than that of Japan, and the market is expected to continue to expand in the future. By establishing a new company in Vietnam, Meiji aims to conduct more timely and effective sales activities and conduct business operations rooted in the region. Meanwhile, Sojitz Corporation and Vietnam Livestock Corporation JSC (VILICO), a company of the country’s leading dairy group Vinamilk, have reached an agreement to establish a new joint … [Read more...] about Japanese pin hopes on Vietnam’s market

Japanese pin hopes on Vietnam’s market New Japanese joint ventures in Vietnam are providing the evidence that Vietnam is becoming a haven for trusting investments as the globe attempts to fight out of the pandemic recessions. Meiji’s infant formula business in Vietnam mainly imports products from Japan and sales are growing steadily. The number of births per year in Vietnam is 1.5 million or approximately 1.7 times higher than that of Japan, and the market is expected to continue to expand in the future. By establishing a new company in Vietnam, Meiji aims to conduct more timely and effective sales activities and conduct business operations rooted in the region. Meanwhile, Sojitz Corporation and Vietnam Livestock Corporation JSC (VILICO), a company of the country’s leading dairy group Vinamilk, have reached an agreement to establish a new joint venture for the purpose of importing, processing, and selling beef products in Vietnam. Vietnam’s annual beef … [Read more...] about VIETNAM BUSINESS NEWS APRIL 17