Business technology news

Finally, as the standard of living is improving around Vietnam, the need for consumer durable loans and two-wheeler loans issued at the point-of-sale (POS) continues to grow steadily. FE CREDIT’s total loans at POS make up 9 per cent of the total loan book and grew nearly 10 per cent vs. the first quarter. It has captured the increase in market demand by boosting strategic partnerships with leading retailers who make up the bulk of the home appliances and two-wheeler sales in Vietnam. … [Read more...] about BUSINESS NEWS OCTOBER 11

To such end, the sector will build and popularise Ha Nam tourism trademark, work with the Vietnam National Administration of Tourism and the Vietnam Tourism Association to join tourism fairs in traditional markets such as Japan, China, the Republic of Korea, and in new markets like Russia, Germany, UK, Canada and India, and welcome famtrip groups to the province./. … [Read more...] about BUSINESS NEWS OCTOBER 12

The concept of 7 Bridges Brewing Company formed in the summer of 2016 and R&D started in September 2016. During that time, the founder was brewing test batches aiming for commercial production, which commenced in April 2017 once the license was issued. R&D is a key element of its business model and involves constant re-investment in production systems, sales outlets, and product recipes. … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 13

Politburo member, Permanent Deputy Prime Minister Truong Hoa Binh, on behalf of the Political Bureau, read the Political Bureau’s acquirement and explanation report on ideas discussed by the Party Central Committee on the socio-economic situation and the implementation of state budget in 2019; the socio-economic development plan for 2020; state budget estimate for 2020 and the finance-budget plan for 2020-2022. … [Read more...] about VIETNAM POLITICAL NEWS HEADLINES OCTOBER 13

Speaking at the ceremony, Ms. Rebecca Bryant, Charge d’Affaires a.i. of the Australian Embassy said: ‘Deeper, stronger ties between our innovation systems is a key goal for our strategic partnership with Vietnam and the Innovation Partnership Grants provide excellent opportunities to nurture innovative ideas and scale on-going partnerships between Australian and Vietnamese organisations. I’m delighted to see more and more collaboration between the research institutions of our two countries.’ … [Read more...] about VIETNAM 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