Efforts to stimulate domestic consumer market continue as pandemic threatens exports The Ha Noi Department of Industry and Trade will organise five Vietnamese Goods Weeks this year to stimulate demand. Photo baodauthau.vn The Ministry of Industry and Trade will organise conferences to connect producers, suppliers and retailers, and events for producers and traders, especially small traders, to help take goods to residential areas, industrial parks and rural and mountainous regions, the Sai Gon Giai Phong (Liberated Sai Gon) newspaper reported. It will help encourage consumption by fostering the evening economy and holding fairs and exhibitions of products and services. It continues to implement the ‘Vietnamese people give priority to using Vietnamese goods’ programme. It will also promote the adoption of IT and foster e-commerce. The Ha Noi Department of Industry and Trade will organise five Vietnamese Goods Weeks this year to stimulate demand. To be held in … [Read more...] about VIETNAM BUSINESS NEWS APRIL 16
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In Phnom Penh (Photo: VNA) Phnom Penh (VNA) – Governor of Phnom Penh Khuong Sreng said on April 15 that if the COVID-19 transmission rate remains high, the lockdown could be extended. He affirmed that the municipal administration still gives the top priority to ensuring food supply to local residents. According to the official, transportation from Kandal to Phnom Penh remains normal, with sufficient food supply. Despite the two-week lockdown from April 15-28, the vaccination campaign is being accelerated. The Cambodian Health Ministry’s spokesperson Or Vadine said on April 15 evening that the campaign remains on schedule, targeting Cambodian citizens and foreigners living in the country. Meanwhile, the number of deaths caused by the pandemic is growing, amounting to 38 as of the same day./. VNA … [Read more...] about Phnom Penh authorities vow to ensure food supply during lockdown
To say that 71-year-old Ngo Thi Nam has her hands full would be an understatement. As soon as lays back on her bed, she jumps again. The noise coming from the next room is loud. "Don't worry Cuong, mommy is coming!" Mummy rushes over, hands trembling as she opens the door to the room, which is always locked and covered with foam. Its windows are made of wire mesh, leaving only a small opening to give food and drink. Her son, Nguyen Hung Cuong, calls his room a "dog house" in his more "normal" moments. Cuong had called out to his mother as he always does when he wakes up at all odd hours. If Nam does not appear, he will start banging his head against the iron door. For the last 16 years, after a traffic accident damaged his brain, he has been screaming, smashing things, and only occasionally recognizing people around. He can't distinguish between day and night. Nam has to grab some sleep whenever her son does and be awake whenever he is. Nam comforts Cuong, who has been … [Read more...] about Hidden trauma: mental illness exacts unseen toll on loved ones
The famous South Korean hamburger chain Lotteria of Lotte Group may shut down its business in Vietnam, after its closure in Indonesia Lotte Group's restaurant business unit (Lotte GRS) has been shutting down its Lotteria restaurant chain in Indonesia in 2020. Furthermore, the South Korean giant also implied that it would close down Lotte Group’s food material supplier in Vietnam, which was established in early 2020 to expand Lotte GRS' business in neighbouring Southeast Asian countries. According to Lotte GRS and Lotte Holdings, Lotteria hamburger chains overseas are being shut down due to the COVID-19 pandemic. Lotte GRS' overseas office in Indonesia is currently undergoing liquidation. Lotteria franchises in Vietnam have all stopped operations and its headquarters in Seoul is reviewing the possibility of closing down the business within 2021, according to Koreatimes. As of 2020, Lotte GRS boasted two overseas franchises, which was Lotteria Indonesia and Lotteria Vietnam. … [Read more...] about Lotte Group to shut down restaurant business Lotteria in Vietnam?
Japanese companies increase presence in Vietnam’s retail market By Hung Le Hirai Shinji, chief representative of JETRO in HCMC, presents a Japanese product at the press conference announcing the seventh Japan Vietnam Festival – PHOTO: HUNG LE HCMC – Japanese companies have increased their presence in Vietnam’s retail market instead of focusing on the manufacturing sector, according to the Japan External Trade Organization (JETRO). Addressing a press conference on April 15 announcing the seventh Japan Vietnam Festival, Hirai Shinji, chief representative of JETRO in HCMC, said Vietnam remains an attractive destination for Japanese companies to invest in the manufacturing sector. However, Japanese companies are gradually shifting to non-manufacturing sectors, especially retail, to take advantage of a growing middle class in Vietnam and a population of nearly 100 million. A report of JETRO several years ago showed that up to 40% of Japanese investors in Vietnam were … [Read more...] about Japanese companies increase presence in Vietnam’s retail market