The girl is sitting together with her mother and younger sister in a street corner. Her ability of mixing clothes surprises social network users during the past days. — Photo kenh14.vnViet Nam News On a cold night in Hà Nội last week, a six-year-old girl’s striking outfit caught the eye of a jogger, and made her a social media star overnight. Stylist Phạm Hoàng Anh shared a photo of the girl on Facebook, thanks to her fabulous combination of clothes, with tones of pink and gold mixed with yellow and black polka dot leggings. The ensemble was completed with a red beret and sandals with yet more black polka dots. He wrote, “The interesting story today is that while running, I accidentally came across a little girl sitting with her mother on a street corner near Hoàn Kiếm Lake. I couldn’t focus on my running. There was something that urged me to stand back and in front of me was a six-year-old girl with a very fashionable set … [Read more...] about A six-year-old fashion star
Mobile World started to experiment with the 'shop-in-shop' model by selling watches in March 2019. Since then, it has achieved significantly 15 percent of market share in the watch field. The total number of watches sold in September is to reach 50,000 units, beyond the expectations of both Mobile World and local distributors. Currently, local suppliers ran out of stocks for Mobile World, that made the retailer start buying product at original source to ease off dependence on middlemen. At present, the watch retail market in Vietnam is estimated to be worth more than VND 18 trillion ($777.48 million). However, the market is quite fragmented as there is no store chain taking a market share of more than 20 per cent. Market research Euromonitor International also forecasts Vietnam’s jewelry and watch retail market to grow a compound annual growth rate of 7 per cent between 2017-2021 and reach VND 43 trillion ($1.86 billion) in 2021. The growth of the market is driven by … [Read more...] about Mobile World demonstrates strong capabilities in fashion watch distribution
All banks in the country have to adopt the standard version of Basel II and then switch to the advanced version by 2025. — Photo baokiemtoannhanuoc.vn In 2016 the State Bank set a deadline of January 1, 2020, for 17 banks to meet Basel II norms under a national banking sector development strategy. Also, by 2025 all banks in the country have to adopt the standard version of Basel II and then switch to the advanced version. Basel II is the second edition of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on banking supervision. It comprises minimum capital requirements, supervisory review and market discipline to enhance competition and transparency in the banking system and make banks more resistant to market changes. Basel II requires banks to have a capital adequacy ratio (CAR) of at least 8 per cent. However, the SBV has allowed 10 banks to adopt Basel II standards earlier than the 2020 deadline. They are Joint Stock … [Read more...] about Basel II deadline rapidly approaching, are banks on course to meet norms?
RSM Vietnam was last week awarded The Most Notable M&A Advisory Firms in 2018-2019 by the Vietnam M&A Forum 2019 What are some of the hurdles that Vietnamese companies face when conducting mergers & acquisitions (M&A) with foreign investors, and why do they exist? Lam Le Cross-border M&A in Vietnam has only become robust in the past decade, especially the past five years. This means Vietnamese companies remain very new to this activity, and they can be ill-prepared when it comes to due diligence. This is a stark contrast to foreign buyers, who come from developed markets with a well-established procedure to do M&A. An international investor usually wants to carry out a thorough evaluation of their Vietnamese target in a lot of areas, from human resources, technology, and finance to taxes and legal matters. This process takes at least a few months, or even a few years to complete, depending on how well the seller prepares the information … [Read more...] about Concluding cross-border M&A deals in a professional fashion
The There VND Then concept store is set to open in the fourth quarter of this year Designed to bring Ho Chi Minh City's shopping and entertainment scene to the next level, the There VND Then concept store is set to open in the fourth quarter of this year at 99 Nguyen Hue, Ben Nghe ward, District 1 of Ho Chi Minh City, promising to become the superior multifunctional space that offers a lifestyle-fashion, dining, and grooming – for the current generation. Beyond taking the honour as Vietnam's first retailer to officially offer multiple high-end international streetwear brands, There VND Then serves as a creative space for community collaborations and creative endeavours. Tucked away inside the heart of There VND Then’s concept store is a hidden Barbershop – offering a contemporary take on traditional barbering. Services on offer include haircuts, straight razor shaves, relaxing shampoo experiences, or any combination thereof. Last but not least, There … [Read more...] about A new era of shopping for Saigon’s trendiest young people