In Viet Nam, 82 per cent of year-end shoppers agreed that they looked for sales and bargains. Seventy per cent of surveyed shoppers say the Tet period was a good time to find the best deals. In fact, businesses in Viet Nam reported an increase in number of orders by almost two-three times compared to normal days during the three biggest shopping days, including November 11, Black Friday (last Friday of November) and December 12, according the survey. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES AUGUST 3
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Middle-income Vietnam managed to jump 30 notches, from 94th in 2010 to 64th in 2016, on the list of the world’s biggest beer-drinking countries, Nguyen Tuan Lam, a WHO advisor for Vietnam, told an event held to discuss a draft decree on preventing alcohol abuse in Hanoi last week. … [Read more...] about Why do Vietnamese drink so much?
Amidst the overall weak market sentiment in the first half-year, benefitting from the economies of scale supported by its nationwide market coverage as well as its strategies to expand the Low-E architectural glass business to complement the environmental protection developments in the PRC, revenue of the Group's architectural glass business reported a mild decrease of 2.1% to HK$1,681.9 million. Gross profit was HK$620.6 million, while gross profit margin was 36.9%, which was mainly attributable to shipment delays due to the pandemic. Nevertheless, a growth trend in property sales and building completion rate in China began during May and June this year. With the pandemic under control, the economic activities are expected to gradually resume across the PRC. Given the rigid demand of housing, favorable factors such as accelerated completion and sales of property projects will progressively become evident. At the same time, apart from the continued growth in the demand of Low-E glass, … [Read more...] about Xinyi Glass Announces 2020 Interim Results
With contactless payments, consumers can tap to pay at checkout counters anywhere they see the contactless symbol without handing their cards to cashier staff. Contactless payments are secured with dynamic EMV Chip technology. The cards have a tiny antenna which can be read by POS terminals when they are 4cm away or less from the terminal. During the payment process, the card never needs to leave the cardholder’s hand, and it is extremely fast – POS terminals can typically read a contactless card or device in less than half a second. Shoppers can even pay with their mobile phones, using PINs, passwords, or biometrics for extra security. … [Read more...] about Visa contactless payments set record growth as Vietnamese embrace cashless payments
The National Assembly approved the new securities law last November, which will come into effect on January 1, 2021. The government recently announced a draft decree which provides details on a number of articles needed to implement the new law. The goal is to reduce the number of conditions for business and investments, simplify procedures and enhance the transparency of the market to international standards among other factors, as per the State Securities Commission. … [Read more...] about Vietnam economic outlook remains positive despite Covid-19 resurgence: HSBC