Tom Evans, principal at consultancy and training company The Lûcrum Group and creator of the highly-acclaimed From Napkin to Revenue practice Having long experience in numerous industries, technologies, and international markets, how can you help startups and entrepreneurs in Vietnam improve their chances of success amidst stiffening competition? It’s a fact that over 80 per cent of new products fail. The number one cause for this high failure rate is that startups and entrepreneurs jump into creating new products or services before they understand if anyone other than them thinks they are a good idea and is willing to pay for it. To improve the chances of success in the market, entrepreneurs must ask themselves these three questions that are most commonly asked by investors: - Who are your customers? - Why will they buy your products? - How are you going to make money? From Napkin to Revenue is a practice of The … [Read more...] about The who, why, and how of your product
How deep are sewer lines
By Hung Le  February 20, 2019 | 06:35 pm GMT+7 Vietnamese are likely to spend $56.1 on Valentine’s Day gifts. Photo by Shutterstock/MaxbelChenko Vietnamese are likely to spend VND1.3 million ($56.1) on Valentine’s Day gifts, a recent global survey found. Picodi.com, a Poland-based international e-commerce company that provides discount coupons to online stores in 41 countries, said its survey found men would spend VND1.45 million ($62.56) and women, (VND1.1 million). The survey polled 6,400 people in 38 countries where Valentine’s Day is celebrated. In Vietnam, 72 percent said they would be celebrating. The vast majority said they would buy gifts for their significant other (88 percent), while 6 percent would get presents for family and relatives and 3 percent for close friends. The purchase of gifts began to pick up two weeks before the day, especially of items such as jewelry and perfume. By February 13 and 14 the … [Read more...] about How much are Vietnamese willing to spend on Valentine’s Day gifts?
The Human Capital Index (HCI) measures the amount of human capital that a child born today can expect to attain by age of 18, given the risks to poor health and poor education that prevail in the country where the child lives. The HCI index values are contended to convey the productivity of the next generation and highlights how ready are Asian youth to face a future of immense opportunities. Singapore takes the top spot in human capital rankings globally. It has one of the most robust healthcare system, good education exams results and high life expectancy figures. It ranked first out of 157 economies suggesting that Singapore’s attempt to invest in its human capital will allow children to fulfill 88 per cent of their potential when they grow up. The top three countries that dominate the global index are Asian countries. South Korea and Japan follow closely at second and third position respectively, both in global rankings and in Asia. Both the countries have improved their … [Read more...] about How prepared are Asian youth for the future?
VietNamNet Bridge - The Vietnam Logistics Association (VLA) says that logistics costs in Vietnam are 16-17 percent of GDP, not 20.9 percent as reported before by several institutions. VLA says the logistics costs are 16-17 percent of GDP Nguyen Tuong, senior advisor to VLA, said on the sidelines of the VLA annual conference on November 17 that logistics costs are one of the most important issues mentioned in the VLA 2018 White Book, the publication launched as the official voice on logistics-related activities. The Vietnam Logistics Association (VLA) says that logistics costs in Vietnam are 16-17 percent of GDP, not 20.9 percent as reported before by several institutions. The proportion is higher, 10-20 percent, in consumer goods, e-commerce, retail, garment and farm produce. Of logistics costs, the expense for transport services accounts for the highest proportion, 60-80 percent, followed by handling and customs services. RELATED NEWS Freight forwarding companies see … [Read more...] about How high are logistics costs in Vietnam?
VietNamNet Bridge - Viber has been taking care of loyal customers, while LINE has set up an office and plans a return to Vietnam. Grab is striving to become a ‘super app’ which not only allows users to hail taxis, but also makes payments and has other services. Zalo, a messaging app, has developed e-wallet, while Foody’s Now is planning to jump into the passenger transport market. The race of the apps has raised questions about the fates of Viber and LINE, two apps familiar to nearly all Vietnamese before 2015. Viber once held 60 percent of market shares with 63 million users. It has also declared end-to-end message content encryption, affirming that the content is secured by a third party and Viber itself cannot read the users’ messages. RELATED NEWS LINE app to return to Vietnam? Vietnamese internet users warned of fraudulent websites Chi Nam … [Read more...] about Where are Viber, LINE when the battle to scramble users becomes fierce?
Richard R. C. Shih speaking at Taiwan Excellence 2018 In the 4.0 era, how important are smart technology applications in our day-to-day lives? Are these applications suitable for use in Vietnam? We have various emerging technologies that impact our lives in different ways today. Take smart technology for example, it makes use of artificial intelligence (AI) to enable a level of cognitive awareness. The technology employs machine learning and Big Data analysis to perform functions that have traditionally been done by humans. This boosts the efficiency, productivity, and functionality of almost anything it is applied to, hence creating a smarter and more comfortable life for us. Vietnam is both qualified and motivated to take the lead in the Fourth Industrial Revolution. Smart applications can be applied in various fields in Vietnam, ranging from manufacturing and healthcare to education or home appliances. It also attracts great attention from users in Vietnam. In Vietnam, real … [Read more...] about How does technology make lives faster and easier?
Scientists say they have discovered why some vegetables - including cabbage, broccoli and kale - can reduce the risk of bowel cancers. Illustrative image. – File photo That cruciferous veg is good for the gut has never been in doubt but a detailed explanation has been elusive. The team at the Francis Crick Institute found anti-cancer chemicals were produced as the vegetables were digested. Cancer Research UK said there were plenty of reasons to eat more veg. The work focused on how vegetables alter the lining of the intestines, by studying mice and miniature bowels growing in the lab. Like the skin, the surface of the bowels is constantly being regenerated in a process that takes four to five days. But this constant renewal needs to be tightly controlled, otherwise it could lead to cancer or gut inflammation. And the work, published in the journal Immunity, showed chemicals in cruciferous vegetables were vital. From kitchen to cancer prevention? The researchers … [Read more...] about How the humble cabbage can stop cancers
When New Zealand Prime Minister Jacinda Ardern returns to parliament after becoming only the second elected leader in the world to have a baby in office, her daughter will be allowed to cuddle with her during debates and swim in the pool. Such access, almost non-existent even a year ago, spotlights a push by many countries to make their parliaments friendlier for children and their parents, as legislatures diversify and rules that can be surprisingly hostile to new parents are eased. "I think we didn't do a good enough job," said Trevor Mallard, the speaker of New Zealand's parliament, who can be seen from time to time holding infants for members while he oversees heated debate. "For mothers ... I just want to make it clear to them that we are going to be as friendly as possible towards their babies." Such steps aim to help boost diversity in parliament and accommodate a baby boom since last September's election, when two women Labour members with infants took up their seats, while … [Read more...] about Highchairs and cuddles: How parliaments are catering for lawmaker mums
A number of men, including some married to Vietnamese women, shared their thoughts on women and their role in the family with Tuoi Tre News on the occasion of International Women’s Day, March 8. Women are to be cherished and loved My Vietnamese wife and I have been married for 3 years. In my opinion, the wife plays an equally important role in the family as her husband. She provides a soft loving touch while the husband generally handles the more physically demanding work and major issues such as property and finance. My eleven-month-old baby cries for my wife when he's hungry or not feeling well. He comes to me when he wants to play. This shows me that babies also know the roles of their parents. I believe that women should be treated equally to men. They should be free to pursue their interest and goals. Why should a very capable woman be confined to her house? With better education, job opportunities, and greater financial freedom, the role of Asian women is beginning to … [Read more...] about Women are the foundation for a strong family
A sewer line of an apatite factory in northern Lao Cai Province broke on Wednesday, flooding some local households and their crops. Water and mud from the broken sewer floods many houses. – Photo laocai.gov.vnThe incident occurred at around 8.30am, with mud and water flowing into the low-lying area, submerging houses, crops and fishponds of 54 local residents in Dong Tuyen Commune.No loss of human life was reported.Some 84,000cu.m of mud and water flew into the low-lying area at a speed of 30cu.m per second, according to local authorities, who promptly evacuated affected residents to safer areas.The Apatite Viet Nam Ltd. Co, owner of the apatite plant, mobilised forces to cover the broken part. It took some four hours for them to control the water flow. The incident was initially believed to be caused by the breaking of a cement pillar of the sewer.At a meeting held between local authorities, the company and local residents on the same day, vice chairman of the provincial … [Read more...] about Apatite plant’s sewer breaks, flooding Lao Cai