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SEVEN.AM products on display at an outlet. Photo courtesy of SEVEN.AM. All six SEVEN.AM stores in the capital city opened after the Vietnam Directorate of Market Surveillance said it did not find any sign that the chain had replaced made-in-China labels on its products with Vietnamese ones as reported by local media. However, Hanoi-based MHA Jsc, which owns the SEVEN.AM brand, was fined VND110 million ($4,740) for some labeling mistakes, including listing incorrect information on its products including year of production and material used, the directorate said in a statement. Another company, Thu Ky International Fashion, a franchisee of SEVEN.AM, was fined VND60 million ($2,585) for similar mistakes. The directorate’s investigation found that a manufacturer of SEVEN.AM products in Ha Dong District had imported goods from China in 2017 and 2018, but had sold all of them. It does not sell them any longer, the directorate said, but did not state whether or not the labels on … [Read more...] about Fashion brand SEVEN.AM resumes Hanoi business

German businesses are seeing Vietnam as an attractive destination for investment (photo: Le Toan) Wolfgang Schmitz-Heinen, CEO of Witte Holding GmbH, visited Vietnam for the first time recently to look for opportunities to start a business here. Witte is a family-run global company in the printing business that specialises in printing secure and self-adhesive labels for various applications including the automotive and electronic industry. “We want to expand abroad more than before and are analysing different countries, and we got the opportunity to join this business delegation organised by the OAV-German Asia-Pacific Business Association to Vietnam. We are impressed from south to north there, and would like to follow this track to see what is possible for us. I have ideas, but we have to check now the circumstances to ensure that everything we have to do is carried out properly, but we will do it fast,” he told VIR. “What I learned in these last few days is that … [Read more...] about German firms see positive outlook

Shoppers have had to wait for at least an hour to enter Vietnam’s first-ever store of famous Japanese apparel retailer Uniqlo following its grand opening in downtown Ho Chi Minh City on Friday. Uniqlo Dong Khoi, located at the Parkson Saigon Tourist Plaza on the corner of Le Thanh Ton and Dong Khoi Streets in District 1, was officially open on Friday morning. The three-story store, which covers a total area of more than 3,000 square meters, welcomed over 2,000 guests on its first day, according to a Uniqlo representative. The number of customers appeared to be even larger on Saturday. According to a local motorbike taxi driver, the waiting line nearly doubled that on Friday. Shoppers wait in front of the store on the morning of December 7, 2019. Photo: Nguyen Tri / Tuoi Tre Nguyen Thi Hong Nhi, a second-year university student, said she had waited more than 45 minutes and was still not able to get inside the venue. A lot of people were still waiting in front of the shop … [Read more...] about Shoppers wait in long queues during grand opening of Vietnam’s first Uniqlo store

MultiGlass was the winner of Techfest's start-up contest this year. (Photo: VNA) Quang Ninh (VNA) - Around 14 million USD in investment was pledged during the national innovative start-up day, Techfest 2019, in Ha Long city, Quang Ninh province. A series of seminars were organised by 12 technology villages during the three-day event, attracting 250 foreign investors and experts, and nearly 300 start-ups. The first prize in the National Innovation Talent Contest for Start-ups was awarded to MultiGlass, a start-up providing smart technology to help people with disabilities use computers. The smart communication device combines iris recognition technology and Artificial Intelligence. MultiGlass will represent Vietnam at the Start-up World Cup 2020 in San Francisco, the US. At the Techfest closing ceremony on December 6, Deputy Minister of Science and Technology Tran Van Tung said the ministry will  continue to assist the innovative start-up … [Read more...] about 14 million USD invested in start-ups at Techfest