Viet Nam’s retail market needs a comprehensive development strategy to boost domestic trade, experts said at a conference in Ha Noi on Wednesday. The retail market has seen significant developments in recent years, but the industry lacked a development strategy which resulted in lack of connections between market participants, said Le Xuan Dinh, editor-in-chef of Tap chi kinh te va du bao (Economic and Forecast Magazine) which organised the conference. “Still, the development is at early stage, opportunities are there for investors, especially those have professionalism and originality,” Dinh stressed. He forecast that the next year would see retail competition heat up between local and foreign retailers and between modern and traditional retail channels, largely driven by Industry 4.0. “Viet Nam’s retail market is a really attractive story,” Vo Tri Thanh, Director of the Institute for Brand and Competitiveness Strategy said, adding that the market … [Read more...] about VN retail market needs a development strategy
What does a developing cold sore look like
The "Duck Stop" is located near the Phong Nha - Ke Bang Cave in Quang Binh Province. It has become a very popular destination of late. Western tourists enjoy a duck massage. Photo courtesy of Bianca Yorke - Davies The Duck Stop Farm is a brainchild of 20-year-old Tran Van Quynh. The owner of the 120 ducks has also named the farm "Duck Heaven". Quynh guides visitors for the first attempt at getting the duck massage, on how to hold a handful of seeds in their cupped palms and allow the ducks to munch them. The experience is similar to the famous fish massage in Thailand where people put their legs in water tanks full of small fish that nibble at the skin. Robyn, a tourist from Poland, said she’d never laughed so much. "I never thought I would be chased by hundreds of ducks. It felt great to have them massage me," she said. Tourists also have the opportunity to become a "leader" of hundreds of ducks. The "Duck Leader" section is introduced soon after tourists … [Read more...] about If it looks like a duck…and massages like a duck…
Following the chaos that occurred outside the My Dinh Stadium the Vietnam Football Federation (VFF) might switch to selling tickets online if Vietnam enter the semi-finals. Despite the cold and rainy weather on Sunday, fans queue up patiently outside the stadium. Some had even arrived the day before. A barrier was installed by security officials two hours before the counters opened at 8 a.m. But the barrier collapsed as thousands of people jostled and shoved. Luckily there were no injuries. This woman waited in the line since 7 p.m. the day before. She scaled the fence but couldn’t get down because there was no space left on the ground to put her feet. A person could buy up to four tickets. After one hour, all 9,000 tickets were sold out. The VFF said 1,000 organizations and associations had demanded some 60,000 tickets while the stadium’s capacity is only 40,000. The tickets are priced at VND150,000, 200,000, 300,000, 400,000 ($6.46, 8.62, 13, 17). The match is … [Read more...] about AFF Cup: This is what anticipation looks like in football-crazy Vietnam
Kyoei Steel is working hard to buy Vietnam Italy Steel (VIS) shares while VIS is operating at a loss, raising the question - what does the Japanese steel producer expect to gain from a loss-making firm? What does Kyoei hope to gain from loss-marking Vietnam Italy Steel? Most recently, Kyoei registered to purchase an additional two million shares of VIS. The transactions are expected to be carried out between July 19 and August 16, 2018. Once successful, Kyoei will increase its ownership in VIS to 70.42 per cent from the existing 67.7 per cent. In early July, Kyoei completed the purchase of another two million VIS shares via the put-through method to increase its stake in VIS to the current 67.7 per cent. Kyoei became the strategic partner of VIS in late 2017 after buying more than 14.7 million shares, or 20 per cent ownership, from previous shareholder of VIS – Thai Hung Company. In May 2018, the Japanese firm purchased another 33.2 million VIS shares from Thai … [Read more...] about What does Kyoei hope to gain from loss marking Vietnam Italy Steel?
They're eight women, poised to take over from the men for an "Ocean's" reboot full of glitz and glamor - a particularly #MeToo affair that does away with the saga's traditional masculinity. "Ocean's 8" is to be released Friday, more than 10 years after "Ocean's 13," the third volume following the escapades of Danny Ocean (George Clooney) and his casino-robbing gang. But to freshen up the latest instalment, Warner Bros bid farewell to Danny - killed in 2018 in unknown circumstances - and replaced him with his sister Debbie (Sandra Bullock), who, like her brother at the beginning of the saga, has just been released from prison. Meanwhile, there's another change of scenery. Rather than casinos, Debbie's focus is one of the most extravagant events in New York's calendar: the Met Gala. It's at this party - organized by Vogue editor Anna Wintour - that Debbie wants to get her hands on a $150 million Cartier necklace. In preparation, she's gathered an expert team - all women, of course, … [Read more...] about ‘Ocean’s 8,’ a glamorous crime tale for the #MeToo age
Washington and Beijing are going toe-to-toe in a trade spat, and Vietnam is set to become embroiled in the conflict, for better or for worse. The row is likely to deal a blow to export-reliant Vietnam, as its overseas shipments form part of China’s value chain. “If the U.S imposes high tariffs on China’s broader cross-border supply chain, Vietnam, which exports goods that serve as inputs for China’s exports, will be badly hit,” said economist Le Dang Doanh. It’s unclear whether Washington will tax Chinese firms alone or their wider supply networks. About 2.2 percent of Vietnam’ shipments abroad are part of China’s value chain, Bloomberg quoted date from RHB Bank Bhd as saying. Sharing the same opinion, Steven Schwartz, senior director of sovereign ratings for Asia at Fitch Ratings, said South Korea, Taiwan, Vietnam and Malaysia, all of which export goods – such as machine parts and components for communications equipment … [Read more...] about What does Vietnam have to lose or gain from US-China trade war?
VietNamNet Bridge - The government needs to continue its efforts to reform the business environment in order to have more billionaires, experts say. Chair of Hoa Phat Group Tran Dinh Long Four Vietnamese are on Forbes’ 2018 list of the world’s billionaires. These include two familiar names – Pham Nhat Vuong and Nguyen Thi Phuong Thao, and two new names – Tran Ba Duong, chair of Truong Hai Automobile and Tran Dinh Long, chair of Hoa Phat Group. Four Vietnamese are on Forbes’ 2018 list of the world’s billionaires. These include two familiar names – Pham Nhat Vuong and Nguyen Thi Phuong Thao, and two new names – Tran Ba Duong, chair of Truong Hai Automobile and Tran Dinh Long, chair of Hoa Phat Group. Dang Dinh Dao, former head of the Institute for Economic & Development Studies, said the appearance of billionaires reflects the country’s high and stable economic growth in recent years. RELATED NEWS Tran Dinh … [Read more...] about What does Vietnam need to do to produce more billionaires?
I’ve been to the darkest place on Earth. It was a trip to Son Doong Cave in Vietnam’s central province of Quang Binh. One of the people joining me on that trip was Doctor Howard Limbert, an expert from the British Cave Research Association, the man accredited with discovering the cave. The biggest underground ecosystem on Earth has “astonished” cave experts and nature lovers around the world, according to international media. After trekking underground for three days, we reached the darkest spot. Dr Limbert told us all to switch off our torches. “This is one of the darkest places on Earth,” he said. I immediately felt suffocated. Darkness completely consumed us. I raised my hand in front of my face but could not see it. I looked down at my feet but couldn’t tell where I was standing. At that moment, I thought: Is this what it feels like to die? When we are still conscious but our bodies have gone. At that moment, I realized how powerless … [Read more...] about The greatest cave on Earth can’t speak, so we need to give it a voice
A Formula One race in Vietnam could be on the calendar by 2020, according to the sport’s former commercial supremo Bernie Ecclestone. “I think you’re going to get a race in Vietnam,” the 87-year-old told reporters invited to his private offices in central London to talk about various issues ahead of the new season starting next month. The billionaire Briton, who was moved aside into an undefined ‘emeritus’ role in January last year after U.S.-based Liberty Media took over, said a street race in Hanoi looked likely. Ecclestone, who remains employed by Formula One on a multi-million pound salary, said the Vietnamese government was willing to pay a significant amount to promote the South-East Asian country by hosting a grand prix. “They haven’t made a contract yet as far as I know. But if they have, it’s at least two years away isn’t it?” he said. The Malaysian Grand Prix dropped off the calendar after last year’s … [Read more...] about Vietnam F1 race looks likely, says Ecclestone
A Formula One race in Vietnam could be on the calendar by 2020, according to the sport's former commercial supremo Bernie Ecclestone. "I think you’re going to get a race in Vietnam," the 87-year-old told reporters invited to his private offices in central London to talk about various issues ahead of the new season starting next month. The billionaire Briton, who was moved aside into an undefined 'emeritus' role in January last year after U.S.-based Liberty Media took over, said a street race in Hanoi looked likely. Ecclestone, who remains employed by Formula One on a multi-million pound salary, said the Vietnamese government was willing to pay a significant amount to promote the Southeast Asian country by hosting a grand prix. "They haven’t made a contract yet as far as I know. But if they have, it’s at least two years away isn’t it?," he said. The Malaysian Grand Prix dropped off the calendar after last year's race but Formula One bosses have talked about … [Read more...] about Vietnam Formula 1 race looks likely, says Ecclestone