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Landslide changes in phone segment

 As Vietnamese smartphone producers are launching new products and Chinese giants are stepping up their game, Samsung and Apple’s hold on the market seems more fragile than ever before.

South Korean M&A wave rises

 South Korean investors continue to show their enthusiasm for Vietnam through recent major deals with businesses in the country.

Lazada overwhelmed by Shopee and Mobile World

 In the chart of the Map of E-commerce in Vietnam, Lazada has fallen from the first to the third position.

FPT Capital sue HAGL maybe for the seven-year-ago problem

 FPT Capital brings HAGL to court either over its losses from the company's stocks or the chairman reneging on its promise to buy out its holding in HAGL.

VN competitiveness continues to climb

 With efforts to boost economic reforms and grab opportunities afforded by Industry 4.0 ­continuing apace, Vietnam ­is rising ever higher in the World Economic Forum’s rankings.

Floods cause great disruption for children travelling to school

 High water levels during the flood season have divided many areas of the Mekong delta province of Long An. Many routes have been submerged, making it hard for children to get to school. 

As prices drop, coffee companies coming back to home market

VietNamNet Bridge - Coffee exporters have been told to exploit the home market as the export price is on the decrease. 

National brand valued at $235 billion

 Brand Finance, the world’s leading independent branded business valuation and strategy consultancy, has valued Vietnam’s national brand at 235 billion USD, a year-on-year increase of 16 percent.

Tam Thanh pagoda – sacred oasis amid bustling city

 Tam Thanh pagoda is a must-see destination for tourists visiting the northeastern mountainous province of Lang Son. 

Social News 22/10

Challenge calls for solutions improving skills, training for youth, Four bridges along National Highway 1 to be expanded, Consular Club of HCMC to host 25th International Charity Bazaar


Heritage Space to screen Japanese film “A Page of Madness”

 Heritage Space in Hanoi will screen the 1926 Japanese silent film “Kurutta Ippêji” (A Page of Madness) by Teinosuke Kinugasa on October 25.

Several bus routes discontinued due to losses

 Some enterprises and transport cooperatives in HCMC have decided to discontinue several ineffective bus routes due to heavy losses. 

Renovation of national highways to cost VND300 trillion over 10 years

 National highways across the country will need an estimated VND300 trillion (US$12.8 billion) in funding for renovation works over the next 10 years, stated Nguyen Van Huyen, head of the Directorate for Roads of Vietnam.

Business conditions provoke enterprises’ concern despite reductions

 A reduction in the number of business conditions and inspection procedures has yet to match expectations, while enterprises in the country continue to voice concern that these conditions and procedures are hindering their businesses.

Vietnam’s logistics costs higher than global average

 Vietnam’s logistics costs currently account for nearly 20.9% of gross domestic product, double that of developed economies and higher than the global average of 14%.

Honda still dominates Vietnam motorcycle market

 Honda Vietnam on October 18 publicized its business performance over the past six months, showing its automobile sales surged 102% year-on-year and it held a motorcycle market share of 76.6%.

Budget, zero-dong tours in need of tighter control

 Budget and zero-dong tours in Vietnam are in need of tighter control from local authorities and relevant agencies as they are showing signs of fraud, tax evasion and sales of products without clear origins to tourists.

HCMC announces key industrial, agricultural products

 The government of HCMC recently issued a list of key industrial and agricultural products that will receive support for their continued growth and domination of the local market, as well as being promoted for exports.

Tourism sector shows signs of robust growth

 The local tourism sector boasts healthy growth in both quantity and quality, according to data from the Vietnam National Administration of Tourism (VNAT).

Thanh Hoa announces new community-based tours in Pu Luong

 VietNamNet Bridge – A number of community-based tours have debuted in Don Hamlet in the central province of Thanh Hoa.