Domestic marketing vs international marketing

A booth of Duc Giang Corporation at the Vietnam International Fashion Fair 2019 (Photo: VNA) Hanoi (VNA) - The Vietnam International Fashion Fair (VIFF) 2019 officially opened at Hanoi's Vietnam-Soviet Friendship Labour Cultural Palace in Hanoi on December 11, attracting about 100 leading garment-textile firms. The event, covering nearly 3,000 sq.m, is jointly held by the Vietnam Exhibition and Fair Centre JSC (VEFAC) and Vietnam Textile and Garment Group (VINATEX), Vietnam Leather, Footwear and Handbag Association (LEFASO), and N Group. The fair features more than 150 booths showcasing famous fashion brands in garments and textiles, leather footwear, and cosmetics and beauty care services. Renowned domestic businesses in garments and textiles, such as Viet Tien, Duc Giang, Garment 10, Hoa Tho, and Phong Phu garment corporations, also attended at the event. The event, which runs until December 15, is expected to draw over 20,000 visitors. The annual fair is an opportunity for … [Read more...] about About 100 firms join Vietnam International Fashion Fair 2019

The Vietnam International Fashion Fair (VIFF) 2019 officially opened at Hanoi's Vietnam-Soviet Friendship Labour Cultural Palace in Hanoi on December 11. VIFF 2019 officially opened at Hanoi's Vietnam-Soviet Friendship Labour Cultural Palace on December 11. (Photo: VNA) The event, covering nearly 3,000 m2, is under the sponsorship of the Ministry of Culture, Sports and Tourism, and the Ministry of Industry and Trade. It is jointly held by the Vietnam Exhibition and Fair Centre JSC (VEFAC) and Vietnam Textile and Garment Group (VINATEX), Vietnam Leather, Footwear and Handbag Association (LEFASO), and N Group. The fair attracted over 100 exhibitors showcasing famous fashion brands in garments and textiles, leather footwear, and cosmetics and beauty care services across more than 200 stands. Renowned domestic businesses in garments and textiles, such as Viet Tien, Duc Giang, Garment 10, Hoa Tho, and Phong Phu garment corporations, also attended at the event. The event, which … [Read more...] about Over 100 enterprises join Vietnam International Fashion Fair 2019

Since commencing commercial operations on December 23, 2018 it has contributed VND12 trillion ($520.55 million) to the state budget, Nghi Son Refinery said in a press release. Last year, to reduce inventory pressure, the Ministry of Industry and Trade allowed Nghi Son to export 240,000 cubic meters of gasoline. Owner Nghi Son Refinery and Petrochemical LLC had applied for export permission due to local market inability to absorb fuel sales as the plant ramps up towards commercial operations by the year end. Based in central Thanh Hoa Province’s Nghi Son Open Economic Zone, the refinery boasts a capacity of 200,000 barrels of crude oil a day in its first phase, equivalent to 10 million tonnes a year. Its capability is almost double that of Dung Quat in central Quang Ngai Province, the country’s first refinery. The $9 billion plant is 35.1 percent owned by Japan’s Idemitsu Kosan Co, 35.1 percent by Kuwait Petroleum, 25.1 percent by state-run PetroVietnam and 4.7 percent … [Read more...] about Nghi Son Refinery occupies third of domestic petroleum market

With 60 weekly flights connecting Vietnam’s third largest city with major Thai destinations, the number of Thai arrivals to Da Nang quadrupled year-on-year in the first seven months of this year to almost 107,000. Thais accounted for 6 percent of Da Nang's total foreign arrivals, becoming the third largest group after South Koreans (1 million, making up 57 percent) and Chinese (500,000 or 26 percent), according to the city’s tourism department. Domestic and foreign carriers, betting on this trend, have been racing to launch more flights. Vietnamese budget carrier Vietjet Air last year launched flights from Da Nang to Bangkok. In April Malaysian-owned budget airline Thai AirAsia began a daily service from Chiang Mai to Da Nang. Da Nang is a major economy-tourism hub that attracts many foreign visitors, including Thai tourists, all year round, Santisuk Khlongchaiya, head of Thai AirAsia’s commercial operations, said. From Da Nang, tourists can easily travel to … [Read more...] about Surge of Thai visitors lifts Da Nang hopes for tourism market diversity

Financial Markets Domestic gold prices soar after Fed move The Saigon Times Daily Thursday,  Dec 12, 2019,18:09 (GMT+7) Domestic gold prices soar after Fed moveThe Saigon Times Daily Customers shop at a local jewelry store. The sharp rise in global gold prices drove up domestic prices of the yellow metal today, December 12 - PHOTO: VNA HCMC – The sharp rise in global gold prices, triggered by the U.S. Federal Reserve's decision to leave interest rates unchanged with no plans to reduce them anytime soon, drove up domestic prices of the yellow metal today, December 12, the local media reported. The Fed held interest rates steady on Wednesday and signaled that it is not planning to change anytime soon. In northern Vietnam, Saigon Jewelry Company (SJC) quoted its gold price at VND41.27 million per tael for buying and VND41.52 million per tael for selling, up VND70,000 per tael for buying and VND80,000 for selling … [Read more...] about Domestic gold prices soar after Fed move