Advertisements Many Vietnamese famous brands have fallen into foreign hands or disappeared from the market. Meanwhile, others are struggling with big foreign rivals to survive. The sale of Sabeco to Thai investors some years ago added one more name to the list of Vietnamese famous brands falling into foreigners’ hands. Sabeco, more than 100 yearsContinue reading “Vietnamese businesses struggle to protect their brands”
Tag Archives: Business
Japanese retailer Muji to open first store in Ho Chi Minh City
Advertisements Muji, a retail company which sells a wide variety of household and consumer goods, will be the next popular Japanese firm to penetrate the Vietnamese market, according to a recent announcement of the company’s plans to open a store in the Southeast Asian country. Ryohin Keikaku Co. Ltd., or Muji, said in a pressContinue reading “Japanese retailer Muji to open first store in Ho Chi Minh City”
2019: eventful year for Vietnamese billionaires
Advertisements Thaco’s president spent big money to rescue Hoang Anh Gia Lai, while Vingroup’s president transferred the retail division to Masan to gather strength on automobiles and technology. Five dollar billionaires were recognized in 2019. Vingroup’s president Pham Nhat Vuong, Vietjet Air’s CEO Nguyen Thi Phuong Thao and Thaco’s president Tran Ba Duong were theContinue reading “2019: eventful year for Vietnamese billionaires”
Vietnamese-American businessman’s world-famous hot sauce recalled in Australia over fear of explosion
Advertisements Huy Fong Sriracha Hot Chili Sauce, arguably one of the world’s most popular hot sauces, has been recalled in Australia for fear that ‘bloated’ bottles may splatter onto customers after opening, according to the daily compact newspaper Sydney Morning Herald. Huy Fong’s Sriracha was developed in 1980 by David Tran, a Chinese-Vietnamese who immigratedContinue reading “Vietnamese-American businessman’s world-famous hot sauce recalled in Australia over fear of explosion”
Long history brand is no longer an important factor
Advertisements Approaching his 40th birthday, Nguyễn Tuấn Ngọc thought he had a job safe enough to never have to worry about looking for work again. For 15 years he had been making matches at the Thống Nhất Match Joint Stock Company’s division in Long Biên District in Hà Nội. Around the time he first startedContinue reading “Long history brand is no longer an important factor”
Why did Vietnam’s largest conglomerate sell off retail arm?
Advertisements When news broke last week that one of Vietnam’s largest conglomerates, Vingroup, had plans to sell off its retail and agricultural arms to Masan Group, a major player in Vietnam’s fast-moving consumer goods (FMCG) market, industry insiders were unsure what to make of the announcement. The official line from Vingroup is that the dealContinue reading “Why did Vietnam’s largest conglomerate sell off retail arm?”
Quiet Hanoi and bustling Ho Chi Minh City on Black Friday 2019
Advertisements During the Black Friday 2019 shopping season, Hanoi remained muted while Ho Chi Minh City shoppers were out in numbers. VIR’s reporters observed that on the streets of Ba Dinh and Cau Giay districts, a lot of shops remained mostly empty, despite running 50-70 discount programmes since early last week. Meanwhile, in shopping mallsContinue reading “Quiet Hanoi and bustling Ho Chi Minh City on Black Friday 2019”
Vietnamese businesses still reluctant to list shares
Advertisements The number of companies which listed shares or are planning to list shares in 2019 remains very modest. In the first half of the year, only seven companies listed shares at the HCM City Stock Exchange (HSX), nine at the Hanoi Stock Exchange (HNX) and 44 on UpCom. The figures were 23, 11 andContinue reading “Vietnamese businesses still reluctant to list shares”
Sharp Vietnam accuses Asanzo of faking evidence of business relation
Advertisements Sharp Electronics (Vietnam) Company Ltd., a sales subsidiary of popular Japanese-Taiwanese electronics manufacturer Sharp Corporation, has accused local electronics brand Asanzo of showing a fake document to prove that the firm is using Sharp technologies in its production chain. Asanzo Vietnam JSC faked its evidence when announcing on Tuesday it was using a JapaneseContinue reading “Sharp Vietnam accuses Asanzo of faking evidence of business relation”
A man who retired at 34 says it took him 3 years to stop obsessing over money and start tracking something even more important
Advertisements Brandon, aka the “ Mad Fientist,” is a former software developer who achieved financial independence and early retirement at age 34. He recently dedicated an episode of his podcast to sharing what he’s learned during his “third year of freedom.” After interviewing a financial expert and a productivity expert, Brandon said he decided to stop tracking his money obsessivelyContinue reading “A man who retired at 34 says it took him 3 years to stop obsessing over money and start tracking something even more important”
Businesses borrow money from banks rather than issue bonds
Advertisements The government’s decree 163, with loosened requirements on bond issuance, is expected to encourage businesses to seek capital from bond issuance and rely less on bank loans. Finance experts have found two new regulations stipulated in the decree. Regarding the separate bond issuance, the new decree does not set a limit on the rightsContinue reading “Businesses borrow money from banks rather than issue bonds”
Big potential for Vietnam-US business cooperation
Advertisements On the sidelines of the DPRK-USA Hanoi Summit on Wednesday, three Vietnam airlines, Bamboo Airways and Vietjet Air signed deals with US firms worth more than US$21 billion, but will this spell the start of an increase of bilateral agreements between America and Vietnam. What the investors think about the future of bilateral relationsContinue reading “Big potential for Vietnam-US business cooperation”
5 Best Business Opportunities By Industry in Vietnam
Advertisements Poised to become a developed nation by 2020, Vietnam is an open economy with trading flow of US$340 billion. The country’s foreign direct investment (FDI) sector accounts for approximately 22 per cent of its economy. PwC highlights five emerging sectors in the country with the greatest potential for growth and investment. 1. Business processContinue reading “5 Best Business Opportunities By Industry in Vietnam”
Company Formation in Vietnam
Advertisements Despite a decreasing global trend, the amount of foreign direct investment (FDI) in Vietnam grew by 92.2 percent, surpassing 15 billion dollars in the first 10 months of 2018. The Ministry of Planning and Investment (MPI) indicated on Monday that during this period, 2,458 new projects were authorized under this regime, and of theContinue reading “Company Formation in Vietnam”
Vietnamese businesses warned they may lose home market
Advertisements While Vietnamese enterprises gather strength to make products for export, Thai goods have been conquering the domestic market. Trade experts have repeatedly criticized Vietnamese exporters for their unreasonable business strategy – exporting products with the best quality, while reserving lower-quality goods for domestic consumption. Exporters can expect higher profits from exports rather than theContinue reading “Vietnamese businesses warned they may lose home market”