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Being established for the first time in Vietnam, the “Joint-sale Alliance” in tourism sector promises to bring a new breakthrough to the industry. Some new tourism products will be introduced by the “Joint-sale Alliance” at Hanoi Tourism Stimulus Fair on April 16. The Paradise Cave in Quang Binh province. Photo: Van Phuc The “Joint-sale Alliance” features a group of 45 travel agencies from all over the country who team up for creating combined tourism products and jointly selling it. The tours will include some travel destinations in the three regions throughout Vietnam from North to South. Launched on March 23 in the central province of Quang Binh, this is the first and only “Joint-sale Alliance” in tourism sector in Vietnam, aiming at sharing information, supporting marketing and doing the cross-sell tourism products among local tour operators. “The “Joint-sale Alliance” is established to help connect tourism businesses across the country. We will support … [Read more...] about “Joint- sale Alliance”- an initiative to foster Vietnamese tourism

According to the Vietnamese Trade Office in Singapore, as many as 21 out of 25 global leading logistics service providers are headquartered in Singapore – a major information, commercial, financial and logistics centre of the region and the world. Vietnamese lychees are sold in Singapore's supermarket. — VNA/VNS Photo The Southeast Asian country is also a major international air transit hub, which is a very important gateway to Asia and particularly Southeast Asia. If Vietnamese businesses can expand their exports to Singapore, they will have great opportunities to approach international partners who are present in the country, increasing the value of exports and brands of their goods. Joining e-commerce activities, enterprises will have high interaction with consumers so that they can flexibly adjust production in accordance the demand of customers. This will help enterprises save production costs and take the initiative in controlling their brands, the Vietnamese Trade … [Read more...] about Vietnamese firms advised to promote online sale in Singapore

Illustrative image (Photo: VNA) Hanoi (VNA) - Retail University 2021 , a series of activities to support small- and medium-sized retailers in promoting online sales , will be organised from April 7-9. The event will be jointly held by the Vietnam E-commerce Association (VECOM), Visa – a global payments technology company, Google and other partners. Nguyen Thanh Hung, chairman of VECOM, said that there is great potential for retailers in switching from traditional trading and expanding their business to online platforms. In 2020, the Vietnamese e-commerce market reported an increase of 15 percent, reaching a scale of 13.2 billion USD. The figure is forecast to continue to increase by 2025. The country has approximately 68 million people using social networks, standing in 6th place among the top 30 most promising countries in the global retail sector. Dang Tuyet Dung, Visa's country manager for Vietnam and Laos said, “under the impact of the pandemic, medium- … [Read more...] about Retail University 2021 to help boost online sales for retailers in Vietnam

A Business Korea report says the South Korean electronics giant has decided to terminate its loss-making mobile phone production and sales business and is taking steps to close down production plants. However, it has not been able to find buyers for the Hai Phong factory that produces about 10 million smartphones annually, about half of the company’s output. The report says Vietnamese smartphone makers already have their own facilities and local farms can’t afford to pay more than 100 billion won ($89.2 million) for LG’s factory. If LG is not able to sell the factory as a whole, it might consider selling the plant site, the report adds. LG’s smartphone division has been posting losses totaling some $4.5 billion over the last five years. The group has said that dropping out of the fiercely competitive smartphone business would allow it to focus on growth areas such as electric vehicle components, connected devices and smart homes. … [Read more...] about LG’s Hai Phong smartphone factory for sale

Automobiles manufactured in Ford's Hai Duong plant. Ford Vietnam’s sales in the first quarter of 2021 rose 52 per cent against the same period last year. — VNA/VNS Photo Tran Viet Automobile manufacturers reported growth in sales in March. Ford Vietnam’s sales in the first quarter of 2021 rose 52 per cent against the same period last year, equivalent to 5,914 vehicles delivered to customers. The company’s General Director Pham Van Dung said the automaker’s sales maintained growth thanks to leading products, particularly sport utility vehicles (SUVs) and commercial ones, despite a period of business stagnation in the domestic auto market and adverse impacts of the COVID-19 pandemic. In Q1, Ford Vietnam’s sales of Everest SUVs recorded a year-on-year surge of 49 per cent, with 1,459 vehicles sold. In March alone, the number of delivered vehicles hit 817, leading the mid-size SUV segment with more than 50 per cent of the market share. In addition, Ford Ranger maintained its … [Read more...] about Automobile firms report sales growth in March