Nhip Cau Dau Tu quoted its sources as reporting that the deal began half a year ago and LINE is now holding a controlling stake in the Tre Tho Information Service JSC, which runs webtretho.com. Established in 2002, and receiving investment capital from IDG Ventures, webtretho.com is now a forum for women with the highest number of visits. According to similarweb, there are over 13 million visits to webtretho each month and the forum ranks 91st out of 100 most visited websites in Vietnam. Webtretho.com has annual revenue of US$2 million. IDG Ventures once planned to use webtretho.com as a ‘springboard’ to join the e-commerce market with beyeu.com (products for mothers & kids), lamdieu.com (cosmetics) and foreva.com (underwear), but the projects failed. LINE, a subsidiary of Naver, is a familiar name to Vietnamese. It appeared in Vietnam in 2012-2013, when messaging apps boomed. LINE was one of the apps, competing fiercely with Kakao Talk, Viber, Zalo and … [Read more...] about LINE app to return to Vietnam?
Outsourcing mobile app development
Canon's new instant cameras will help immortalise moments of happiness – and come in a hip modern style to boot Recently, the Vietnamese camera market suddenly witnessed the impressive return of an old trend that doesn't seem to have lost its shine – the instant camera. This movement has attracted a lot of young people who love photography and want to find a new hobby besides the already familiar product lines. Matching this trend, the famous camera company Canon has officially launched two completely new camera models, called iNSPiC [C] and iNSPiC [P]. The iNSPiC [S] ZV-123A model is available in pearl white, matte black, and rose gold. This classy instant camera printer comes thinner than most compact digital cameras and is a perfect fit for small hands, slipping easily into clutch bags or pockets for a day of fun out in the sun, or a relaxing evening with friends. The ultra-slim profile packs in a powerful 8MP fixed focus camera, so users can shoot and print … [Read more...] about New Canon instant camera can shoot and print while on the move
Vietnam's start-up sector is closing the gap with regional leaders Indonesia and Singapore with new investment, according to a Nikkei Asian Review article (Illustrative photo: VNA) Hanoi (VNA) – Vietnam's start-up sector is closing the gap with regional leaders Indonesia and Singapore with new investment, according to a Nikkei Asian Review article. The article cited a joint research by Ho Chi Minh City-based venture capital ESP Capital and Singapore's Cento Ventures which showed start-up investment in Vietnam hit 246 million USD this year through June on 56 deals. It added that investment is expected to top 800 million USD by the end of the year, which would represent a rise of at least 80 percent over last year's 444 million USD. The article said a total of about 5.9 billion USD was invested in Southeast Asian start-ups in the first half of 2019. When it comes to the investments that can be tracked to a destination country, Vietnam accounted for 17 percent of start-up … [Read more...] about Vietnam startups gain on Indonesia, Singapore: Japanese newspaper
If Vietnamese businesses optimize the material sources they have and make the best use of trade promotion activities, their export earnings can surpass USD 8 billion. According to Huynh Van Hanh, Vice President of the Handicraft and Wood Industry Association of Ho Chi Minh City, in the past 15 years, the wood industry has maintained the growth rate of 8-15 percent a year despite world economic fluctuation. The world’s wooden interior décor market is predicted to grow 3.5 percent in 2018. The biggest issue of the wood processing enterprises in Vietnam is they are focusing on a market section with low added value, mostly concentrating on outsourcing for foreign clients. To further develop the domestic wood sector, the businesses should pay attention to a higher target of selling abroad the whole space of high-end interior décor instead of doing outwork and selling separate products. Meanwhile, the Vietnam Timber and Forest Product Association (VIFORES) … [Read more...] about Wood furniture firms advised to optimize domestic materials
Newcomer to the ‘high value, low price’ category set to revolutionise Asia’s gym sceneKUALA LUMPUR, MALAYSIA - Media OutReach - 21 November 2019 - If your perception of a budget gym is that they are unmotivating, uninspiring spaces to train and not that budget-friendly after all, this newcomer to the category seeks to change your mind. Guided by its brand values of Smart, Bold, and Invigorating,GoFit presents members with a smart new way to train through a no-frills, fuss-free gym experience. The first GoFit club in the world opened its doors to members at Central i-City Mall in Shah Alam, Malaysia this November.GoFit offers members a fuss-free, no-frills, technology-driven gym experienceSimon Flint, CEO, Evolution WellnessA new concept developed and owned by Evolution Wellness, Asia's leading health club operator whose portfolio also includes Celebrity Fitness and Fitness First, GoFit is the latest addition to Asia's 'high value, low price' gym … [Read more...] about Gofit Debuts a Smart New Way to Train