Clusters marketing

Nearly 33,000 subscribers left Vietnamobile in the first three weeks last month, showcasing the difficulties the carrier faces in retaining customers. It received no request for subscriptions in the period, during which telecom giant Viettel welcomed over 24,600 new subscribers, according to the Ministry of Information and Communications. Vietnamobile, which aims to attract subscribers with a low-cost strategy, often receives complaints of low signal even in major cities, the small number of branches and poor customer service quality. In 2019, Vietnamobile and two other carriers accounted for just 4.61 percent of the market, while three state-owned giants Viettel, VNPT and Mobifone, claimed more than 95 percent, according to the ministry. Vietnamobile has blamed its difficulties on the limited spectrum it receives compared to the three main competitors, which it says limits it from providing the best services to customers. In 2019, the company had requested five … [Read more...] about Vietnamobile blames market struggle on unfair competition

A Big C in HCM City after being renamed as Tops Market. — Photo courtesy of Central Retail Retail chain Big C is being renamed as GO! and Tops Market gradually given a completely new look to change customers’ shopping experience. On March 1 three Big C stores in HCM City (Big C An Phu, Big C Thao Dien, and Big C Au Co) became Tops Market, and in the third quarter of this year four stores in Ha Noi will be renamed. Last December-January five Big C hypermarkets in Nha Trang, Di An, Can Tho, Ha Long, and Vinh Phuc became GO! stores. Besides, Central Retail, the owner of the chain, last year also opened new GO! hypermarkets in shopping malls in My Tho, Ben Tre, Tra Vinh, Buon Ma Thuoc, and Quang Ngai. This year more hypermarkets are expected to be renamed. In 2016 Central Group acquired Big C Vietnam from France’s Groupe Casino for US$1.14 billion. — VNS … [Read more...] about Big C in Viet Nam gradually becoming GO!, Tops Market

Since the Ho Chi Minh Stock Exchange (HoSE) raised its minimum trading lot from 10 to 100 earlier this year, Duy Duc in Hanoi has not been able to sell 90 shares that are now worth around VND7.4 million ($319). This is because his brokerage only wants to buy these shares when their prices fall, to ensure high profits, but this also means that the 29-year-old could see his investment turn into a loss without being able to do anything about it. "If the HoSE raises the minimum trading lot to 1,000, I might not be able to sell 500 shares of another ticker to the market and that could mean a huge loss," he said, adding that the value of these shares are now VND42.5 million. Increasing the minimum trading lot is one of the latest proposals made by the HoSE to ease the system overload it has been facing for several months now because of the surging number of investors. Although the bourse’s CEO Le Hai Tra has defended the proposal, saying that new investors could direct their funds … [Read more...] about Investors face losses with bigger stock market trading lot

The deal will serve as a beachhead for Tenaga in the Vietnamese solar market In a filing to Bursa Malaysia today, TNB said this acquisition extends TNB’s collaboration with Sunseap, beyond the Malaysia and Singapore cross-border partnership, to capture the rapid growth in the Vietnamese renewable energy market, as reported by The Malaysian Reserve . The acquired project has secured the Feed-in Tariff (FiT) 2 rates in Vietnam. Having achieved commercial operation date in December 2020, all five plants are under 20-year Power Purchase Agreements (PPAs) with EVN to supply clean energy to the national grid. Sunseap currently holds a 90 per cent stake in the projects, which will be reduced to 51 per cent upon completion of the 39 per cent stake acquisition by TNB Renewables slated for the first quarter of this year. Sun Times Energy JSC, an existing shareholder of the project, will continue to own 10 per cent equity interest in the project, according to TNB. “This acquisition … [Read more...] about Malaysia’s Tenaga makes foray into Vietnamese solar market

PV Power's Vung Ang II thermal power plant, Hà Tĩnh Province. The company shares surged on Friday, hitting the maximum daily gain of 7 per cent. VNS/VNA Photo. HÀ NỘI — Shares edged higher on the last trading day of the week as the VN-Index pared losses. On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index rose 0.01 per cent to finish Friday at 1,168.69 points. The index extended the previous losses in the morning session, down 0.22 per cent. The market breadth turned positive as 264 stocks increased while 169 stocks dropped. And 67 stocks ended flat. More than 594.8 million shares were traded Friday, worth nearly VNĐ15 trillion. In a daily report, Bảo Việt Securities Co. said that the index might return to test a supporting territory of 1,150 - 1,155 points. The analyst from the securities firm assessed the level as a resistance territory that helps the market recover. "However, if the index falls under this resistance territory, it will test the supporting … [Read more...] about Market inches higher as VN-Index reverses course