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
Startup boat how entrepreneurs are solving europes refugee crisis
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?
In this event, young participants had a chance to share their creative startup ideas with experts in the field of electronic commerce. All agreed that e-commerce should be done on high-tech platforms for activities such as digital currency transfer, supply chain management, Internet marketing, data collection and management. At the moment, more than 53 percent of the Vietnamese population are accessing the Internet, which makes this channel a commercially lucrative potential for young startups. However, these entrepreneurs are facing many challenges since they have not mastered the concept of e-commerce yet, leading to various unfocused and seemingly useless inquiries in the discussion. In addition, despite their great concern in startup activities, these people have not clearly identified their own direction or possible partners, so it is extremely hard for them to fully and successfully develop their ideas. The discussion belongs to a series of events in the National Festival for … [Read more...] about Discussion on e-commerce, startup launched
Viet Nam News HCM CITY – Việt Nam’s growing start-up community is offering more support to entrepreneurial youth, Phạm Xuân Đà, head of the Ministry of Science and Technology office in HCM City, said during an awards ceremony for the Startup Việt 2018 contest in HCM City on Thursday. The annual contest, held by online VnExpress newspaper for outstanding Vietnamese startups, attracted contestants from various industries such as real estate, education and healthcare. The contest winner was Datamart Việt Nam whose project was PowerSell, an automatic multi-channel retail solution using big data analysis technologies and AI to aid sellers on platforms such as Lazada and Shopee. The company received a media package from VnExpress and VNĐ5 billion (US$214,559) in investment from Phạm Văn Tam, CEO of Asanzo Việt Nam Electronic Company. Bùi Hải Nam of Datamart said the contest was a good opportunity to … [Read more...] about Startups support young entrepreneurs
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
VietNamNet Bridge - With nearly 3,000 startups, Vietnam is entering a startup boom similar to Europe’s in the 2010-2011 period, according to Max Scheichenost, the co-founder of 15 startups. Most startups are in the technology sector as Vietnam has many technology talents. However, this is also a barrier because startups focus on technology rather than solutions to life issues. He said young people need to go out more regularly, discover problems and think about how to solve them with technological solutions. The more problems they discover, the more opportunities they will have for startups. Edward Jung, the co-founder of Window NT, Office and Microsoft Research, the author of over 1,000 patents, also thinks technology will be mainstream in Vietnam in the time to come with the greatest opportunities available in the fields of cameras, radio, bulbs, healthcare, games, automobile, aviation, lasers, computing and finance. In Vietnam, the bulb filament semiconductor technology … [Read more...] about Technology sector sees rising number of startups
The Chancellor said she wanted to see a European asylum system that was "stable and finally reflected principles of solidarity, especially with regards to the fair distribution of refugees in the EU". Merkel made the comments during a speech in the German Federal Parliament (Bundestag), before she is scheduled to attend a special EU summit in Brussels. The veteran stateswoman suggested linking the transfer of EU subsidies to economically-weaker regions should be based on their engagement in EU asylum policy, so as to prevent free-riding issues. "When we redistribute the money from the structural funds, we need to make sure that the criteria for obtaining such aid include the engagement of many regional and communal governments in accepting and integrating migrants," she argued. EU interior ministers are trying to reach a final agreement on the shape of a "Dublin IV" system. Critics of the current rules have repeatedly highlighted that EU asylum policy puts member … [Read more...] about Merkel calls for solidarity on refugees, asylum seekers ahead of EU summit
Pham Tan Phuc and Nguyen Xuan Bang, founders of Gcalls, which develops infrastructure and software for a web-based call center, speak about their startup after receiving an investment of 1 million USD from Vina Capital in December 2017. (Photo:VNA) HCM City (VNS/VNA) - Vietnam has become an ideal location to start a business, not only for young overseas Vietnamese people but also for expats thanks to the country’s strong economic growth in recent years. Vietnam has had many programmes that have helped create a dynamic startup ecosystem by facilitating a wide range of supporting activities, such as training, mentorship and business incubation and acceleration. Nguyen Xuan Bang, one of the founders of Gcalls in Singapore and has come back to Vietnam since 2016 to start the business here with an aim of developing the company’s product in the Vietnamese market, said that startups get benefits from these programmes. “Startup Vietnam Foundation, for … [Read more...] about Vietnam an ideal destination for foreign startups