Coverage

Less than two weeks are left before Vietnam celebrates 30 years of FDI mobilisation with a large-scale conference reviewing performance so far and discussing strategies and opportunities in the future. Samsung is one of the biggest investors in Vietnam, with several billion-dollar projects The conference on 30 years of FDI mobilisation in Vietnam will take place on Thursday, October 4, 2018 at the National Conference Centre (NCC), 1 Thang Long Avenue, Me Tri ward, South Tu Liem District, Hanoi. Prime Minister Nguyen Xuan Phuc will attend and chair the conference, which will welcome the speakers, including leaders of ministries and provinces, business associations, domestic and foreign investors, and foreign direct investment (FDI) experts to discuss the strategy, directions, and future solutions for FDI in Vietnam. On the side-lines of the conference, the exhibition on 30 years of FDI achievements will also take place, including various images, graphics, maps, and artefacts … [Read more...] about 30 years of FDI in Vietnam: new vision and opportunities in a new era

Foreign tourists now do almost all of their bookings online rather than through traditional travel agents On a cool autumn day in Ta Hien street in the heart of Hanoi’s Old Quarter, Danny and Rebecca, two tourists from England visiting Vietnam for the first time, were enjoying draught beer and fermented pork rolls. Having just arrived in Hanoi that morning, they were armed with a list of interesting activities they wished to experience. Pointing to her smartphone, Rebecca said, “We want to try something very “Hanoi” and the smartphone brought us to this place.” Tourists like Danny and Rebecca can be found in most famous destinations in Vietnam. With just a simple digital device like a smartphone or tablet connected to wifi and 4G, tourists can easily travel everywhere without worrying about getting lost or language barriers, without needing a tour guide for support. A survey on international tourists to Vietnam in 2017 shows that 71 per cent searched … [Read more...] about Future of tourism is here

Consumer behaviour in Vietnam is leaving behind its focus on higher prices, Photo: Le Toan Fast fashion on the rise As Zara and H&M are thriving in the domestic fast fashion market, newcomer UNIQLO from Japan announced in late August its plans to open its first store in Vietnam in the autumn of 2019. Unlike H&M and Zara, which serve the latest fashion trends, UNIQLO will also meet other customer demands by offering innerwear, loungewear, and swimwear. UNIQLO’s different customer approach is expected to add dynamism to the market. Vinh Ha from Hanoi, who has three years of experience working in Japan, said, “UNIQLO is mainstream in Japan. People like UNIQLO’s products because of their comfortable and simple style. UNIQLO’s collections keep pace with new fashion trends. I once read a Japanese article saying that UNIQLO’s sales revenue in Japan is higher than that of Zara and similar to H&M. I think UNIQLO could really take the fight to Zara … [Read more...] about Fast fashion set to transform market

The Vietnamese youth is optimistic about the changes Industry 4.0 will bring, Photo: Le Toan Source: World Economic Forum and Sea, one of Southeast Asia’s leading internet companies Last weeks’ visit to Vietnam by Klaus Schwab, founder and executive chairman of the World Economic Forum (WEF), was quite special. He came to the country with a big gift, a great deal of novel ideas for Vietnam to go forwards sustainably within the unfolding Fourth Industrial Revolution. The gift was the Vietnamese-language version of his world-famous book titled “Shaping the Fourth Industrial Revolution,” which has already been translated into 29 languages. “Shaping the Fourth Industrial Revolution” draws on contributions by more than 200 of the world’s leading technological, economic, and sociological experts to present a practical guide for citizens, business leaders, social influencers, and policy-makers. It outlines the most important dynamics of … [Read more...] about Shaping future of Vietnam’s labour

The ASEAN’s startup community, including Vietnam’s, has great potential, but they still face a multitude of challenges-Photo: Duc Thanh At last week’s World Economic Forum on ASEAN (WEF on ASEAN 2018) held in Hanoi, Hachi was among the several Vietnamese startups on the list of the most creative startups selected by the WEF to partake in the WEF on ASEAN 2018. “This agritech startup has built more than 12 ‘smart farms’ in Vietnam. They use Internet of Things sensors and a hydroponic system, which is a way of drip-feeding plants water and nutrients, which saves waste. They claim the approach has led to a 300-per-cent increase in productivity,” the WEF explained picking Hachi on its website. During 2015-2016, Nguyen Xuan Truong, the founder of Hachi, began thinking about establishing this startup, when he saw that the domestic foodstuff market was flooded with unsafe products. “I saw that it would be quite feasible to apply IT to … [Read more...] about Vietnam grows into ASEAN startup hub