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The world of traders attracted by Traders Fair & Gala night, Vietnam

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The fabulous world of trading reveals its secrets!

When – November 24, 2018
Where – Ho Chi Minh, Vietnam (Windsor Plaza Hotel, Saigon)
https://vietnam.tradersfair.com

Traders Fair & Gala night, Vietnam is attracting the world of traders to one place during one day. The leaders of the industry are going to come together in one place and to have an exchange of knowledge and experience. And you may be a part of this fabulous event! Educational speeches from top speakers, entertainments, live shows, music and incredible prizes included in the agenda.

Traders Fair & Gala night – the financial event for traders and investors, which is going to take place in Vietnam on the 24th of November 2018 (Windsor Plaza Hotel, Saigon). The best trading experts, companies, money brokers and banks from all over the world are going to share out their experience and to find out new up-to-date information about cryptocurrency, forex, stocks, futures and options markets. Also Traders Fair & Gala night is going to be full of educational programs and entertainment.

To register online now for free, you should visit https://vietnam.tradersfair.com

Traders Fair & Gala night – Vietnam is happy to welcome experts which are going to provide our visitors with up-to-date and fresh news from the trading world:

1. Mario Singh – CEO of Fullerton Markets – Asia’s fastest growing brokerage firm. His main role is to lead and oversee the implementation of the Company’s short and long term plans in accordance with its strategy. His analytical mind and deep industry connections play a major role in propelling Fullerton Markets forward on the global stage. He is going to blow covers from the topic “My Secrets To Trading Success”

2. Thomas Yin – the founder of Online Guru Trader, a company aimed to change aspiring traders’ financial destiny by empowering them with the tools and skill-sets needed to generate wealth massively through consistent trading profits. His topic: “Where the markets are moving going forward?”

3. Zelda Cai – the Chief Enterprising Officer of qooaims. A veteran with more than 20 years experiences in Financial Sector specializing in the area of Management , Sales & Marketing, Communications, Learning & Coaching, Partners Relations and Entrepreneurship. She is going to share out her experience with the topic: “Make An Impact with Infinite Global Shared Profits”

4. M.K Cheah – the founder of Dynamic Algo Trading System (DATS) which uses machine learning technology to research and develop profitable Algo Trading Systems. He has reached a constant track record of average 25% annual returns using handsfree – automated trading since that time. His topic is “How to Automate Profitable Trading Strategies without Programming Knowledge”

5. Paul Familiaran – the Head of Southeast Asian Business at eToro. Mr Familiaran has 7 years worth of financial services experience spanning from retail, partnership, and institutional business, specifically targeting countries within the Southeast Asian Region. He has first-hand experience in penetrating local markets and in identification key business variables that represent the region’s needs.

Traders Fair & Gala night – Vietnam is organized by FINEXPO, which is the largest company organizing financial and trading events, fairs, expos and shows worldwide since 2002. List of its projects seems quite long. Over 30000 traders, investors and financial advisors and more than 3 000 financial companies and brokers from Forex, stock, option, bond crypto money and forward markets from all around the world have been connected by FINEXPO. The positive feedback from participants is the best prove of effective and successful work done by FINEXPO.

Traders Fair & Gala night is sponsored by leading brands such as Australian Forex Marketplace (Grand sponsor), ATFX (Platinum sponsor), ICM.com (Gold sponsor), FIBOGroup (Silver sponsor), RPNPay (Official payment sponsor), OlympTrade (Registration sponsor). To say more the organizers of event offer you different variants of recommended accommodation, so you can focus on agenda and don’t lose you time, thinking about accommodation and everything.

To find out more information about Traders Fair & Gala night, visit https://vietnam.tradersfair.com or follow on: Telegram https://t.me/tradersfair; Facebook https://www.facebook.com/TradersFair/

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Vietnam Airlines launches in-town check-in service

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To help passengers ensure their journey gets off to a great start, national flag carrier Vietnam Airlines has announced the official launch of its new In-town Check-in service, the first of its kind in the Southeast Asian country.

The service is provided by a subsidiary of Vietnam Airlines – Vietnam Airlines Ground Services Limited Company (VIAGS).

The new check-in service will enable passengers to carry out all check-in procedures, including seat selection, collection of boarding passes and luggage tags and baggage checks, right at the two facilities below in Hanoi from October 12, 2018 and in Da Nang from November 2018.

The service is applicable to Vietnam Airlines’ domestic flights departing from Noi Bai or Da Nang airports, with daily opening hours including Saturdays, Sundays and public holidays.

Passengers can use the In-town Check-in service between two and twelve hours prior to their scheduled flight departure time.

In this way, passengers can be flexible with their personal and work schedules and only need to go straight to the airport security and enter the other side of the screening area without carrying out any other procedures after reaching the airports.

Currently, all other check-in service options offered by Vietnamese carriers including web check-in, mobile check-in, counter check-in and kiosk check-in have yet to allow customers with check-in baggage to do this.

In-town check-in provides a convenient way for travelers to avoid the hassle of traveling with bulky luggage from the city to the airport, and saves time compared to the counter check-in.

Taiwan, Korea, Hong Kong, China and Malaysia are among the other places that have already introduced this service.

Vietnam Airlines said that it was proud to be the first and only airline in Vietnam to offer the service.

According to Le Hong Ha, executive vice-president of Vietnam Airlines, the In-town Check-in is the on-ground service that meets international four-star standards of being safe, quick and convenient.

“Vietnam Airlines hopes this development will add significant value to our customers and enable us to reach five-star status in the foreseeable future,” Ha said.

In-town check-in information:

• In Hanoi: 20 Ngo Quyen Street, Hoan Kiem District, Hanoi

Phone: +84 8656 21 888

Email: intowncheckinnba@viags.vn

Opening hours: from 07:00 to 21:00 daily

• In Da Nang: Hai Van ticket office, 156 Nguyen Van Linh, Nam Duong Ward, Thanh Khe District, Da Nang

Phone: 1900 1818

Email: airvietnam@hai-van.com

Opening hours: from 08:00 to 16:00 daily

According to a report on Tuoi Tre News

Tiny Palm smartphone baffles gadget fans

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A tiny Android smartphone designed to be a “companion phone” to a full-sized device has been launched in the US – using the brand name Palm.

The handset is the size of a credit card and has two cameras but no headphone jack or wireless charging.

It aims to help people take a break from their main phone, the firm said, despite being a fully functioning smartphone in its own right.

It has been greeted with bemusement by tech commentators and on social media.

The device will cost $349 (£263) and will be available in the US, on the Verizon network only, from November.

It is described in its marketing material as “a fully connected product that is in sync with your existing smartphone, so all of your connectivity can go where your smartphone can’t”.

It has the support of US basketball player Stephen (Steph) Curry who tweeted that he was “hyped to bring Palm back”.

Fashion brand Kate Spade has also designed a bespoke case for the small handset.

Analyst Ben Wood from CCS Insight said it was “certainly an ambitious move” by the San Francisco start-up, which licensed the Palm brand from owner TCL.

“Small, so-called companion phones have been tried in the past and have not really captured consumers’ imagination,” he told the BBC.

He said that it differed from other “second” phones because it was not reliant on Bluetooth to connect it to the parent device.

Mr Wood added that he didn’t think nostalgia for the 1990s Palm brand would be enough to drive sales.

“The Palm brand is perfectly suited to a product that fits in the palm of your hand,” he said.

“Beyond that, I doubt there is much brand equity left in Palm other than for uber-geeks.”

Dieter Bohn, writing for website the Verge, described the Palm as “a weird little thing”.

“So here’s a phone that saves you from your phone. But what saves you from your Palm? Presumably, another even smaller phone….” noted Andrew Orlowski in the Register.

According to report on BBC

OTT TV competes to foreign giants

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OTT TV is a playing field where Vietnamese players’ rivals are all ‘giants’, from Facebook to Google to Netflix.

The three big players are targeting Vietnam to provide on-demand movies, TV game show services and live streaming of sports tournaments on social networks. With their diverse services and powerful technology, Vietnam’s OTT TVs have been warned they would be uncompetitive in terms of content copyright and would lose audience to digital content service providers.

NetFlix has been trying to step by step penetrate the domestic market for the last three years, and they have gained initial achievements, though its service fee is higher than domestic VOD service providers.

Buu Dien newspaper quoted its source as reporting that NetFlix has attracted about 300,000 subscribers. An abundance of copyrighted films with subtitles in Vietnamese no ads, and high image quality are its great advantages.

An analyst commented that it is difficult for Netflix to lure Vietnamese subscribers because of the high fee, but most subscribers are loyal.

While their rivals are all powerful and have been upgrading to satisfy Vietnamese customers, domestic content producers are still finding their way.

An analyst said there are four groups of OTT TV players in Vietnam.

The first one, comprising K+, SCTV and VTV, well-known TV operators that shifted to OTT TV, use internet as the transmission platform instead of cable and satellite.

The second group includes mobile network operators such as Viettel, VTC and MobiFone, which use content produced by themselves or other TV channels.

The third group are purely content producers such as Cat Tien Sa and BHD, ones which simply make content but do not have infrastructure but now want to build up apps of their own.

And the last group provides platform service such as FPT Play, Zing TV, Clip TV and VNPT Media.

At present, OTT apps in Vietnam mostly serve audiences for free. However, television stations and media firms tend to transmit entertainment content to audience through OTT apps.

More and more apps to watch TV have come out recently, including VTVgo, VTVcab On, Onme, FPTPlay, ClipTV, VTV Giai tri and VTC Now, which broadcast Vietnamese and international TV channels, sports tournaments, music events, dramas and movies.

SCTV, VTVcab, K+ and VTC all have stated they will provide copyrighted content on OTT TV. However, even the most powerful players still cannot ‘give a push’ to OTT TV. The content shown on OTT TV is mostly television content, not specifically designed for OTT.

According to a report on Vietnamnet

Vegetable, fruit exports surpass crude oil for first time

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Revenue from vegetable and fruit exports has reached more than US$3.1 billion so far, up 17.1% year-on-year and outstripping crude oil export earnings for the first time, Lao Dong newspaper reported, quoting Thao Xuan Sung, chairman of the Vietnam Farmers’ Union.

According to the Agro Processing and Market Development Authority of the Ministry of Agriculture and Rural Development, Vietnam exported US$380 million worth of fruit and vegetables last month.

Speaking at the third National Farmers Forum in Hanoi on October 14, Deputy Prime Minister Vuong Dinh Hue said the revenue from fruit and vegetable exports was likely to hit US$4 billion this year. Crude oil exports to date remained below US$2 billion.

Vietnam currently has 10 agricultural products with export turnover of over US$1 billion each, including five products with export revenue of more than US$2 billion each, Deputy PM Hue added.

Many agricultural products have had bumper crops, but they have been adequately consumed thanks to localities’ efforts in promoting consumption, such as litchi in Bac Giang Province and longan in Hung Yen and Son La provinces, the deputy PM added.

However, Hue expressed concern over the low labor productivity in the agriculture sector. At present, 38% of laborers in the country are working in the agriculture sector, and 60% of the population is in rural areas, but the sector contributes only 15% to the country’s gross domestic product.

He called on local farmers and farm produce processors to tap foreign markets, saying the country would develop trading floors for agricultural products to reduce risks for farmers and ensure benefits for producers, consumers and distributors.

At the forum, Sung noted that the outbound sales of agro-forestry-fishery products reached US$29.64 billion in the nine-month period, and the amount may hit some US$40 billion this year.

According to a report on SGT

Vietnamese travel bloggers say their journeys are no bed of roses

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Travel blogging is nothing strange to young people who love traversing places and sharing their experiences with the community.

But it requires more than just enjoyment for those who consider it a job, some popular Vietnamese travel bloggers tell Tuoi Tre News.

Quit job and start ‘wandering’

After three years working as an engineer, Dinh Vo Hoai Phuong realized that doing a job with “repeated numbers and rough standards” would only tire him.

He eventually made up his mind that this kind of occupation was not for him.

After quitting his job as an engineer, the young man from the southern province of Ben Tre founded a YouTube channel called Khoai Lang Thang / Food and Travel, where he shares videos capturing his food adventures in and outside the country.

Phuong has so far attracted 380,500 subscribers to his channel, along with nearly 239,000 followers on his Facebook page Khoai Lang Thang.

Most of his YouTube videos reached thousands of views each, including one featuring his experiences with the southern region’s rare specialties, which garnered more than 2.1 million views.

Using a rustic way of narration, Phuong led his viewers through his experience of tasting different mouth-watering foods at a variety of places he passed by.

Meanwhile, Pham Quang Tuan, founder of the travel blog cuongchan.com, also quit his full-time job twice to become a freelancer and concentrate on his trips as well as private travel projects.

Currently, Tuan works in digital media, and is willing to start a new trip whenever he has spare time.

Visiting Tuan’s blog, readers can easily find plenty of information about travel tips, visa application, hotel booking and more.

The man, from the central province of Quang Tri, also cherry-picked interesting destinations and activities from his trips for readers’ reference.

Another ‘wanderer,’ Tran Viet Anh, founded his blog dulichbui24.com several years ago, with a simple goal of making it a place where he can share his experiences and make friends with people of similar interests.

As Anh started to receive his first advertising contracts, he realized this could be a way to afford his travel.

The longer he travels, the more burning his desire of pursuing this job grows.

Up to now, the young man from the northern city of Hai Phong has considered traveling and blogging his full-time job.

He cooperates with tour operators and accommodation companies to offer reviews on their services, a job from which he earns enough to afford his life and travel.

Not just a bed of roses

As their life looks full of freedom, travel bloggers have become role models that many people, especially the young, dream of.

However, experienced travel bloggers said there is no bed of roses.

According to Viet Anh, challenges are always part of his journey to pursue the job he loves.

Besides difficulties that arose during the trips, Anh also faced financial problems for a short time when he switched from his ordinary job to following travel blogging.

He also had to convince his family to support the path he has chosen.

“I think people should not have a one-sided view on the benefit of working as a travel blogger,” Anh told Tuoi Tre News.

“We should see them as those who are pursuing the job they love, and that job could be cooking, baking, writing or others.”

Sharing his view, Pham Quang Tuan said all the beautiful things people see on his website, the inspiring pieces of writing, great photos or high-quality videos of his trips, did not come out of thin air.

“These pieces of content require a painstaking working process with many different steps,” Tuan said, giving out a general description of his job.

Phuong also said there is no road full of roses, and travel blogging is no exception.

“Beside luggage, we’d better well-equip ourselves with knowledge and health before every trip we make,” Phuong added.

A female representative of the Vietnamese travel blogging community, Nguyen Hoang Nguyen, popularly known as Rosie Nguyen, said travel blogging has recently drawn much attention of young people but not everyone has a proper understanding of the job.

Rosie Nguyen is the author of the renowned backpacking travel guidebook “Ta Balo Tren Dat A,” or “Backpacking in Asia,” and has ten years of experience in traveling and blogging.

However, she does not consider it her job as she does not earn a living from it.

“People often only see the benefits of this job, like we have chances to travel a lot while having free meals and staying at luxury places,” she said.

“There’s no denying that this job brings us those privileges which are not easy to get, but that’s just the tip of the iceberg,” she added.

According to her, this job at the same time requires responsibility along with pressure, not only from clients but also from the public.

“Pressure from the public is terrible,” she insisted.

“For instance, if you post something which is not ‘correct,’ in other people’s experience, you’ll be criticized,” she added.

“It’s not rare for bloggers who are not good at managing their words or photos to be boycotted.”

According to a report on Tuoi Tre News

Vietnam stocks rebound over global fears

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Vietnam shares jumped 0.8%, boosted by financial and real estate stocks. Vietnam Technological and Commercial Bank (HOSE: TCB) rose 2.1%, while Vinhomes Co (HOSE: VHM) gained 3.2%. Southeast Asian Stocks market rise on Wall Street rebound; Philippines, Singapore lead gains.

Today, October 17, 2018, most of Southeast Asian stock markets rose, tracking a rebound on Wall Street and as local investors looked for bargains in the wake of recent losses. Reuters reports.

Singapore shares rose up to 1.7% after two straight sessions of falls, with financials and industrials leading the bounceback. They declined about 4.5% last
week in their second straight weekly drop.

“In the case of Singapore, we have been sharing much of the downside, but not the upside. As valuations remain attractive in Singapore, it’s not surprising to find bargain hunting after the recent selloff,” said Liu Jinshu, director of research at NRA Capital, referring to last week’s rout. Investor sentiment was also upbeat after data showed Singapore’s non-oil domestic exports growth accelerated in September, led by a jump in pharmaceutical shipments.

Jardine Matheson Holdings Ltd gained 1.7%, while United Overseas Bank Ltd climbed 2%. Philippine shares rose 2% to a near two-week high, helped by financials. BDO Unibank Inc gained 3.6%, while Bank of the Philippine Islands climbed 3%.

“Investors are taking advantage of cheap buy-aways from the PSI, given that they have retreated two standard deviations below its mean… We might reach up the resistance level again, the valuations are getting attractive for the Philippines,” saidLexter Azurin, AB Capital Securities analyst.

Indonesian shares gained up to 0.5%, boosted by telecom stocks.

Telekomunikasi Indonesia Tbk climbed 1.6%, while Indah Kiat Pulp and Paper Tbk rose 7.6%.

Malaysian shares edged higher, helped by tourist resort operator Genting Malaysia Berhad and airport services provider Malaysia Airports Holdings Bhd.

Asian equities also got some welcome relief, after upbeat U.S. earnings reports drove a rebound on Wall Street and helped restore a little faith in emerging market stocks and currencies.

Read full report on Reuters

Three of four suspects arrested for stealing US$320,000 worth of gold in Vietnam

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Vietnamese police had captured 3 of 4 suspects, who stealing nearly $320,000 worth of gold in Ninh Binh Province, northern Vietnam

Local officers confirmed that they had captured 3 local men on suspicion of property theft.

The three registered their residence in Dong Hung District, Thai Binh Province, TTO reports.

Investigators believed that these people stole 200 taels of gold, worth $318,700, from a house in Ninh Binh Province one month ago. A local resident had informed police of thieves burgling his house and breaking a safe to take away 200 taels of gold on September 17.

Local police officers then put together a team to hunt for the suspects and found out a gang headed by Pham Van Cuu, 32. Police discovered that the gang used motorbikes and cars to travel to many cities, stalking private homes before breaking in and stealing their property.

They apprehended the three suspects after tracking them for a while. A search of their house led to the confiscation of jewelry, cash and a gun together with three bullets.

US$320,000 worth of gold found by local police at the house of Pham Van Cuu | File photo

3 of 4 suspects are Pham Van Cuu, 32, Nguyen Quang Nguyen, 32, and Pham Ngoc Luyen, 22, they admitted to police that the 200 taels of gold has been stolen from the house of a local resident, adding that one more accessory, Nguyen Cong Hoan, is still at large.

Police officers are searching for the other suspect.

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It’s not just you, Youtube is down for everyone, everywhere

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No, it’s not just you. As of Tuesday evening Pacific Time, YouTube was down for many users. The outage appears to have begun some time around 6:15 p.m., making this a pretty long outage for such a major site.

The company is well aware of the issue and tweeting its updates. The account began responding to tweets reporting the outage about an hour ago and has painstakingly replied to many, many reports from users since.

YouTube doesn’t experience downtime very often, making Tuesday’s outage pretty notable. We’ve reached out to YouTube about the cause of the outage and will update this story when we learn more.

Vietnam Medical Devices Market Outlook to 2022

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Vietnam Medical Devices Market is Expected to Reach around USD 1.8 Billion by 2022

Vietnam Medical Devices market by Application (Orthopedic and Prosthetic Applications, Diagnostic Imaging Equipment, Paraclinical Equipment, Emergency Medical Equipment, Operation Room Equipment and Others) by Material (Textile Products, Electronic Products, Plastic Products, Rubber Products and Other Products) by Equipments (Consumables, Diagnostic Imaging, Dental Products, Orthopaedics and Prosthetics, Patient Aids and Other Medical Devices) and by End Users (Government Funded Hospitals, Local Private Hospitals, Foreign Owned Hospitals and Medical Education, Research Institution and Others) along with company profiles of Japan Vietnam Medical, Danameco, Armephaco, B Braun, Shimadzu, General Electric, Terumo BCT and Phillips. Increased public health expenditure in Vietnam will foster the growth of medical devices industry in Vietnam. Emphasis on local production of medical devices in Vietnam will impact the market positively.

Analysts at Ken Research in their latest publication “Vietnam Medical Devices Market Outlook to 2022 – By Equipments (Consumables, Diagnostic Imaging, Dental Products, Orthopedics and Prosthetics, Patient Aids and Other Medical Devices)” believe that interoperable technology, focus on emerging segments and end to end solutions in medical devices market will have positive impact on market. Vietnam Medical Devices market is expected to register positive CAGR of around 9.6% during the period 2017-2022. Government initiatives and low barriers to entry for domestic production are expected to have positive impact on the demand for medical devices. Increasing activities of telemedicine in consultation, surgery, imaging and cardiology have boosted the demand for advanced technological medical devices.

Given the government’s push towards encouraging local production of medical devices and Vietnam’s advantage over other nations on manufacturing costs, many foreign suppliers are planning to start production of medical devices in Vietnam. Countries such as Singapore, Malaysia and Thailand are categorized as those markets where high end medical devices are demanded. With the advantage of low manufacturing cost in Vietnam, it is imperative for international players to use this factor at their advantage and build manufacturing hubs in Vietnam to meet the need for medical devices in the country and sell to neighboring countries to reduce logistics costs. Many domestic manufacturers are planning to expand their technical capability to higher end medical devices by venturing with international players. Rise in private investments and government initiatives have also acted as a boon for these manufactures in terms of financial assistance and product innovation. Increased public health expenditure will lead to expansion of existing public hospitals and will also lead to increased demand for medical equipments. New technology that is inter-operable with old, obsolete systems will aid in expanding the existing healthcare infrastructure.

For more information on the research report, refer to below link:
https://www.kenresearch.com/healthcare/medical-devices/vietnam-medical-devices-market/143604-91.html

Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com | +91-9015378249

Nielsen: Gen Z has high influencing power

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Demographic has major say in purchasing decisions.

Generation Z, born between 1998 and 2010, is estimated to number around 15 million by 2025, representing approximately 25 per cent of Vietnam’s workforce, according to the “Generation Z in Vietnam” report released recently by global information and measurement company Nielsen.

The report also looks at the growing impact of Generation Z, their connection to other generations, how important digital is in their lives, and the effectiveness of brand loyalty and endorsements.

While they are years away from fully establishing themselves, they are already having a marked impact on the consumer landscape. Seventy per cent of Generation Z respondents said they influence the purchase decisions made by their parents for furniture, household goods, and indulgent food and beverages.

According to Retail Measurement Service data, indulgent food and beverages had a market size of $6.6 billion in 2017. And their influencing power on their parent’s purchases is not just limited to these categories above; they also indicated they are the key decision makers for outdoor entertainment, outdoor dining, or technological gadgets such as smartphones, tablets, laptops and smart watches. It is clear that Generation Z has a significant impact on the consumer market in general and on some categories in particular.

“It can’t be denied that today’s children have a remarkable influence on adults’ purchasing decisions,” said Ms. Nguyen Huong Quynh, Managing Director of Nielsen Vietnam. “These youngsters can observe, demand and select goods with permission while shopping with their parents or when shopping on their own.”

“The rise of dual-income households in Vietnam has empowered these young people in a big way, so they can participate more in the decision-making process of the family from an early age. As the purchasing power of these young people continues to grow, marketers and advertisers should pay more attention to developing more effective campaigns to approach these consumers in the future.”

“These traits show that Generation Z is approaching and interacting with brands via various channels or at different touch-points,” Ms. Quynh went on. “Therefore, when engaging with this generation, the multi-channel approach is the most ideal and appropriate. Businesses should not just pay attention to online/digital platforms and overlook traditional media and bricks-and-mortar stores. Getting the right message via the right platform at the right time is of the utmost importance.”

Nearly four out of ten Generation Z respondents in the study said they were open to interesting trials even though they have frequently used brands. Only a quarter of this demographic said they would consider a brand carefully before purchasing and were unlikely to switch the brand.

Khanh Chi report on Vneconomictimes

Lawmakers approve continued pilot e-visa issuance for foreigners

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The National Assembly (NA) Standing Committee decided on October 16 to extend the pilot e-visa programme for foreign visitors to Vietnam by another two years.

On November 22, 2016, the NA issued Resolution No.30/2016/QH14 on the pilot programme, which was scheduled to last until February 1, 2019.

According to a report at the 28th sitting of the NA Standing Committee, between February 2017 and August 31, 2018, Vietnam approved 298,113 e-visas for foreigners, of which 298,507 were self-submitted and 8,606 done by sponsoring organisations. As of August 31, there had been 241,875 e-visa holders entering Vietnam.

Presenting the Government’s report on the implementation of the pilot programme, Deputy Minister of Public Security Le Quy Vuong said the outcomes showed that the policy has contributed to attracting foreigners to Vietnam for tourism and investment, forming a driving force behind the tourism sector.

Many diplomatic agencies of foreign countries in Vietnam applauded the policy, saying it facilitates the nation’s external diplomacy amid global integration, Vuong added.

He proposed that the pilot scheme should be continued to provide the basis for a more complete assessment of the policy’s impacts on local socio-economy, defence, security, and foreign diplomacy.

The official pointed to some existing shortcomings, which include the low number of e-visa holders entering Vietnam due to ineffective work on popularising the policy, and the high number of countries yet to be subject to the policy.

According to Vuong, the extension of the pilot plan will help complete regulations on e-visa issuance when amending the law on the entry, exit, transit, and residence of foreigners in Vietnam.

At the session, the NA’s Defence and Security Committee requested that the Government direct the Ministry of Public Security and relevant agencies to review and assess the implementation of the law on the entry, exit, transit, and residence of foreigners in Vietnam, with a view to adding the law to the NA’s law building programme for 2019.

Concluding the function, NA Vice Chairman Do Ba Ty announced a decision on the two-year extension of the pilot programme, saying that during this period, the Government is required to prepare amendments to the immigration law for submission to the NA.

Source: NDO

Vietnam 16th top country for expat earnings: HSBC survey

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An annual HSBC survey says expats in Vietnam earn an average of $90,408 a year, ranking 16th in the world.
The London-based bank’s Expat Explorer Survey report was cited by U.S. news site Business Insider.

The survey, released last Thursday, interviewed around 25,000 expatriates from more than 100 countries and territories between March and April this year about their financial situation, and whether their disposable income was sufficient to cover their expenses.

According to the survey, expatriates in Vietnam earned $90,408 annually on average, which is around 40 times higher than the per capita income of Vietnam at $2,385 last year.

Meanwhile, with the cost of living in Vietnam for expatriates ranging from $700 to $1,400 per month, the country is among the affordable places for foreigners to settle down, according to a report by global cost of living database compiler Numbeo.

Asian countries made up seven of the top 10 countries with highest expat incomes. These include China, Singapore, India, Indonesia, Japan and the United Arab Emirates.

The top spot went to Switzerland, with average expat earnings of $202,865 a year.

Singapore remained the top choice in Southeast Asia for expats to live and work, with the average income standing around $162,172.

There are around 82,000 foreigners living and working in Vietnam. Recent surveys have shown that the country is a good place for foreigners to settle.

A survey done by Go Overseas, a U.S.-based listing and reviews site for programs abroad, revealed that Vietnam was among the world’s nine countries paying the highest salaries for ESL (English as a Second Language) teachers.

With data updated until May this year, the survey found that a foreign English teacher can earn from VND22.7 million to VND45.5 million ($1,000 to $2,000) a month in Vietnam

The InterNations’ 2018 Expat Insider survey, published in March this year, ranked Vietnam among the 10 friendliest places on earth for expats.

Nguyen Quy report on Vnexpress

October 16: VN-Index up 1.23%

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All indexes close in positive territory.

Trade ended October 16 with quite positive results, as money spread across all sectors and helped indexes rise.

On HSX, the VN-Index closed at 963.37 points, up 11.73 points (1.23 per cent), while the VN30-Index closed at 939.41 points, up 10.86 points (1.17 per cent).

On HNX, the HNX-Index finished at 108.60 points, up 0.92 points (0.86 per cent), the HNX30-Index 198.39 points, up 2.32 points (1.18 per cent), and the UPCoM-Index 52.77 points, up 0.36 points (0.68 per cent).

Liquidity on HSX was VND2.7 trillion ($115.6 million) and on HNX was VND425 billion ($18.2 million).

Food and beverage stocks to gain ground included TLG, VNM and SAB, by 1.3, 0.2 and 0.2 per cent, as BBC lost 0.8 per cent, KDC 0.6 per cent, and BHN 0.1 per cent.

Gainers in banking included STB, by 5 per cent, BID 2.8 per cent, MBB 2.1 per cent, TCB 1.8 per cent, CTG 1.6 per cent, VPB 0.8 per cent, and VCB 0.2 per cent, as BVH lost 0.7 per cent. EIB and VCI closed at their opening price.

In energy, PVD gained 3.9 per cent, GAS 1.6 per cent, PPC and PLX 1.1 per cent, and NT2 1 per cent as PGD lost 2.1 per cent and PVT 1.4 per cent.

The Top 5 shares bought by foreign investors were HBC, DXG, HPG, HDB and BID.

VJC was the largest net sold share on HSX, followed by MSN, SSI, CII and VCB.

PVS was the largest net sold share on HNX, followed by PVB, VGC, CSC and VIX.

On UPCoM, foreign investors bought 528,370 shares worth VND13.42 billion ($574,900).

They net bought on HSX by VND907.47 million ($38,875) and net sold on HNX by VND47.38 billion ($2 million).

Huyen Thanh report on Vneconomictimes

Vietnam’s per capita GDP long way away from 2020 target

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Vietnam’s GDP per capita is set to increase this year, but its 2020 target of $3,200-3,500 looks distant.
Minister of Planning and Investment Nguyen Chi Dung said at a National Assembly meeting Monday that if Vietnam’s GDP increases by 6.7 percent this year, per capita GDP will reach $2,540, up $155, or 6.1 percent year-on-year, and 1.21 times that of 2015.

However, this figure is still far away from the country’s target of $3,200-3,500 by 2020, he conceded.

According to World Bank Group statistics, Vietnam’s GDP per capita in 2017 is $2,343. The figure for Singapore is $57,714, Malaysia ($9,945), Thailand ($6,594), the Philippines ($2,989) and Myanmar ($1,298).

Minister Dung estimated that Vietnam’s GDP would grow by 6.57 percent on average in the 2016-2018 period, meeting the National’s Assembly target of 6.5-6.7 percent growth.

However, he expressed concerns about the increasing number of businesses that stopped operations in the first nine months of this year.

While 96,610 new businesses opened, 73,100 closed, up 48 percent year-on-year.

These figures worried government officials at the meeting. Vu Hong Thanh, Chairman of the National Assembly’s Economic Committee, said that the goal of having one million businesses by 2020 will be “difficult to achieve.”

Last year Vietnam had over 560,000 active businesses, up 11 percent year-on-year, according to the General Statistics Office.

But in another meeting last week, Deputy Prime Minster Vuong Dinh Hue said that the goal “is full of challenges, but achievable.”

Hue said that how strong these businesses are and how much they can contribute to the economy is more important.

“The government aims to practically improve the business environment by not imposing more conditions,” he said.

In the first nine months this year, Vietnam’s GDP grew by 6.98 percent, the highest nine-month growth rate since 2011. The economy grew by 6.81 percent last year, the highest rate in a decade.

Nguyen Hoai report on Vnexpress