Prime Minister Nguyen Xuan Phuc (third right) looks at an F- class turbine - the engine has been selected for Vietnam’s Nhon Trach 2 power plant in Dong Nai Province. He was on a visit to Siemens’ turbine plant in Berlin in July 2017.- Photo Siemens Thomas Hagedorn, head of sales for the Asia and Pacific region of the Siemens power and gas division, said Siemens’s latest HL-class turbines would be the right solution for many countries in Asia. Bloomberg’s 2017 energy outlook forecasts the continent will need to have the world’s highest power by 2040 to meet development demands. Introduced to the market last September, the HL-class gas turbines combine a series of new but tested technologies to enhance the efficiency of combined cycle gas turbines (CCGT) to beyond 63 per cent. With a mid-term goal to reach CCGT efficiency of 65 per cent, Siemens may surpass its arch rival GE, which announced in March this year its most efficient combined cycle gas … [Read more...] about Siemens eyes Asia as key market for advanced turbine sales
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Companies in Vietnam have experienced fierce competition over the last few years, both qualitative and quantitative. Many have been forced to close down while others are still in business but struggling to move forward. The question is how to make a brand not only sustainable but also grow in value in the context of fierce global competition and rapid digitalization. There are many approaches to answering this question. Here I note the three key driving forces for brands: digital transformation, globalization, and brand leadership. In my observation, these forces help grow a company’s brand value if implemented successfully. Customer-centric digital transformation Unlike in the past, customers now have many brand choices for a particular product in Vietnam. Let’s take bakery goods for example. Customers would have previously mentioned Kinh Do in the south or Hai Ha in the north, but today they may name a long list of bakery brands: Top Cake, Tous Les Jours, ABC, … [Read more...] about How best to maintain brand value?
Honeywell - a Fortune 100 company has achieved the first rank in the Electronics industry of the “World’s Most Admired Companies” by Fortune magazine in the consecutive two years. Regularly, the multinational business magazine published prestigious ranked lists, including Fortune 500, 40 under 40, 100 Best Companies to Work For, and World’s Most Admired Companies - a ranking of the most respected companies in business Honeywell has been selected as one of the “World’s Most Admired Companies” for 12th consecutive year, and the second year in a row they rank first in the electronics industry. To conduct this survey, 680 highest-revenue companies are selected from 1,500 candidates (1,000 largest US companies ranked by revenue, and non-US companies in Fortune’s Global 500 database with revenues from $10 billion). Honeywell is a Fortune 100 software-industrial company From that pool of 680, the list by … [Read more...] about Honeywell named as leader in electronics of ‘World’s Most Admired Companies’ by Fortune
VietNamNet Bridge - Internet TV has potential but there are many risks. Producers face copyright infringement and competition from international apps. Reports all show a sharp decrease in the number of TV viewers in 2011-2016. Nielsen said the time for watching TV of the group of people aged 25-34 decreased by 25 percent, while the sharper decrease of 37.9 percent is reported for younger people.However, while traditional TV is meeting big difficulties, internet TV has great potential to develop. TV viewers now want to take initiative in choosing the content in accordance with their tastes, instead of depending on television companies’ schedules. Phan Thanh Gian, managing director of Clip TV, believes that internet TV will be the future of the world’s broadcasting. “With the rapid development of internet services, especially the transmission speed, and the growing tendency of watching films on demand, the online TV market has become bustling in Vietnam,” Gian … [Read more...] about Internet TV: copyright infringement remains a problem in Vietnam
The reduction in purchasing power has seen in almost booths in Ben Thanh market, Ho Chi Minh City, which used to be the ideal shopping address for both domestic and international tourists. One of the key reasons for the declined situation is the decrease in the number of tourists. On the morning of March 19, handicraft and fine arts traders in Ben Thanh market sat chit-chatting with each other even at peak time. Loan, the owner of booth No. 981, complained that since the beginning of this year, business activities have been slowed down. Therefore, traders have nothing to do besides chatting though they have to pay taxes and electricity bills". Purchasing power remains around 40-50% According to Loan, the purchasing power in the first three months of the year reduced more than 50%. Of nearly 80 kinds of goods served at the booths, chopsticks have been the most selected. "Tourists buy them for use and for presents. However, its purchasing power has decreased," Load said. She gave … [Read more...] about Reduced tourist number and less buoyant markets