Industrial market

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

According to data released by the United States International Trade Commission, during the opening 11 months of last year, the US’ imports for wooden furniture endured a decline of 0.6% to US$16.8 billion compared to the same period from 2019. Vietnam remained as the largest supplier of wooden furniture to the United States throughout the reviewed period, with the export turnover reaching US$6.26 billion, a rise of 30.9% on-year. The proportion of imports from the country accounts for 37.2% of the total import value, up 9% compared to last year’s corresponding period. Most notably, Vietnam is the largest market for bedroom furniture for the US, making up 49.7% of the US’ total import value, followed by Malaysia, China, and Indonesia. Nguyen Liem, chairman of Lam Viet Joint Stock Company, attributed this increase in US demand for wooden furniture to the impact of the novel coronavirus (COVID-19) pandemic as it has forced many Americans to remain indoors and focus on activities … [Read more...] about Local wood industry to capitalise on export opportunities to US

According to at least one recent survey, very few people are actually concerned that their jobs are under threat from further automation. Photo: Shutterstock As businesses and governments in Vietnam scramble to recover from the pandemic, digital transformation is more crucial than ever. The world of work and employment markets have been going through a profound shift to virtual, from remote working, webinars, online advertising, and entertainment to e-payments. Adrien Bizouard, country manager of Robert Walters Vietnam, said that industries that have taken the lead in digital transformation include financial services and insurance companies, largely driven by the penetration of fintech companies. Fast-moving and standard consumer goods are the next sectors where companies will implement e-commerce platforms or introduce omnichannel transformation, using both online and offline channels. An example would be Decathlon, a sports company which first opened online retail in Vietnam … [Read more...] about Employment opportunities fit for the Industry 4.0 era

A view of Phú Mỹ Hưng City Centre in HCM City. “City within a city” is a new trend in housing market. — Photo phumyhungcity.com.vn HCM CITY — ‘City within a city’ is likely to become a new trend in the housing market this year, experts predict. Property consultant Jones Lang LaSalle (JLL) explained that the concept refers to large-scale integrated developments. It has grown in popularity recently as developers seek to attract buyers with holistic, well-planned communities within a city as people seek to avoid the chaos created by rapid urbanisation and lagging infrastructure in shared facilities. Nowadays developers taking part in city planning have to carefully understand the fundamentals of city planning to create sustainable value for their large-scale projects, according to Trang Bùi, head of markets, JLL Vietnam. According to JLL, the beauty of any large-scale development is the ability to offer a diverse range of housing types to various groups of potential … [Read more...] about ‘City within a city’ among hottest property market trends: experts

Customers at a super market in HCM City.— VNA/VNS Photo Manh Linh The resurgence of COVID-19 has hit demand for consumer goods and services in HCM City, with revenues in February falling by 6.4 per cent, according to Government data. The Tet (Lunar New Year) holidays, usually the most lucrative period for the consumer market, were in February. Retail sales of consumer goods and service amounted to VND110.6 trillion (US$4.78 billion), a year-on-year increase of 4.7 per cent, a report by the city Department of Industrial and Trade said. Sales of consumer goods were estimated at VND69.9 trillion ($3.02 billion), a rise of 10.3 per cent compared to the same period last year but a decline of 5.9 per cent from the previous month. Catering, accommodation and travel services took a big hit from the pandemic. The resurgence of outbreaks in the city in late January with lockdown orders in some residential areas and fears of infection discouraged consumption. In the first two … [Read more...] about HCM City Tet consumption slumps