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“I’ve spent a number of years in Vietnam previously, having managed hotels in Phu Quoc and Ho Chi Minh City, and fell in love with the charm of this dynamic and developing country,” he explained. “My experience working closely with the local team to oversee multiple hotel departments, implement new brand standards, and develop and monitor growth strategies will take Fusion Suites Da Nang to a new level. I enjoy rolling up my sleeves and getting stuck in!” … [Read more...] about BUSINESS NEWS OCTOBER 11

Trang also pointed out that with regard to the CPTPP, the country has faced an array of difficulties in taking full advantage of tariff incentives on garments and textiles as Vietnamese products must adhere to rules of origin whereby a certain ratio of materials from a product must originate from other CPTPP members. Currently, most of the nation’s supply sources of materials originate from China. … [Read more...] about BUSINESS NEWS OCTOBER 12

Experts said that SEEA is a framework that integrates economic and environmental data to provide a more comprehensive and multi-purpose view of the interrelationships between the economy and the environment, and the stocks and changes in stocks of environmental assets. SEEA provides criteria to build physical data on the environment, and link it with the monetary data in the System of National Account (SNA). … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 13

According to the statistics from the market research company Asia Plus, in Vietnam’s retail market, for the supermarket and hypermarket segments, Vietnamese retail businesses account for nearly 70% of selling points out of a total of 479 points, of which VinMart accounting for 120 venues and Co.op Mart having 116 ones. For shopping malls, Vincom accounts for more than 60% with 67 out of 96 selling points. While in the growing model of convenience store and mini-supermarkets, this number is also overwhelming with more than 80% of the selling points are domestic enterprises out of over 3,000 venues. In particular, VinMart+ alone accounts for more than 1,800 points, The gioi di dong (Mobile World) more than 500 points and Santra Food over 200 venues. … [Read more...] about Vietnamese retailers seize opportunities to conquer domestic market

Car dealers predicted that the import price would decrease to below VND400 million because the Thai market is getting saturated. As car output is increasing rapidly, the Thai government is applying policies to encourage exports. According to the Federation of Thai Industries, the automobile industry will produce 2.15 million cars this year, of which 1.05 million cars will be sold domestically and the remaining exported. Meanwhile, Thai exports to Europe are facing problems, so the exports will mostly target the Asian market. … [Read more...] about Thai autos flooding Vietnamese market

Both indices were weighed down by market caution as investors waited for statements from the two-day US-China trade talks which closed on Friday (local time) in Washington. The two sides reportedly came up with a deal to postpone their dispute, but analysts and businesses remained uncertain about the feasibility of the agreement. … [Read more...] about Trade war worries lifted, but market growth flat: analysts