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Update news market
While the real estate market has become frozen, low-cost and medium-class product sales have been going very slowly, deluxe products still can be sold well in Vietnam, which has prompted the biggest fashion brands to flock to the country.
More than 10 commercial banks have submitted applications to the State Bank of Vietnam, seeking the permission to trade bullion gold. This is really a lucrative business field, in their eyes.
The mobile ad market remains a fledgling, but it is the aiming point of a lot of advertisement and IT firms, simply because it is very promising.
Vietnam is now witnessing the boom of Internet-based digital services, since investors can see the big potentials of the market. However, experts say the market is still like a bear garden due to the lack of a perfect legal framework.
Worldwide mobile phone market is expected to grow only 1.4 percent year over year in 2012, the lowest annual growth rate in three years, research firm International Data Corp. (IDC) predicted in a report on Tuesday.
Trung Nguyen, the Vietnamese coffee brand, has affirmed that Trung Nguyen coffee products have been more favored in Vietnam than Nestle products. Meanwhile, the foreign giant has denied this.
Making more car parts domestically to replace imports is the solution for automobile manufacturers to increase their competitiveness in the context of the low market demand.
Vietnam has kept the door of its freight & forwarding service market opened to foreigners since January 11, 2012, and FedEx has become the first foreign company going through the door.
Dang Le Nguyen Vu, the owner of the Vietnamese well- known Trung Nguyen coffee brand, who has been called the Vietnamese “coffee King” has triggered a public quarrel when he publicly made derogative remarks about Starbucks’ coffee.
Banking information technology experts all say that commercial banks have been and would have to accept the risks to be caused by counterfeited ATMs, even though banks have issued chip cards instead of magnetic cards.