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A gloomy future for traditional groceries

A gloomy future for traditional groceries

BUSINESS - Jul 20, 2018 | 07:54 AM GMT+7

According to a recent survey by Nielsen Vietnam, consumers' spending now tends to increase on larger items such as travelling, motorbikes, phones and home appliances.

'Disneyland' amusement park project was approved in Bac Ninh province

'Disneyland' amusement park project was approved in Bac Ninh province

NEWS - Jul 19, 2018 | 12:05 PM GMT+7

A large scale amusement park project with 'Disneyland' theme was approved and deployed in a Decision just signed by a highly ranking official of Bac Ninh province.

Land lot prices hike in adjacent provinces of Hanoi

Land lot prices hike in adjacent provinces of Hanoi

REAL ESTATE - Jul 19, 2018 | 08:20 AM GMT+7

Land price spikes in Hanoi have created a trend of moving to the provinces around Hanoi.

Cong Cafe to open its first overseas branch in South Korea on July 31

Cong Cafe to open its first overseas branch in South Korea on July 31

BUSINESS - Jul 18, 2018 | 11:33 AM GMT+7

The franchise of Cong Cafe chain, which possesses the unique decoration style of Vietnam’s command economy period, will be located on Yeonnam-dong Street, a hub for South Korean youth in Seoul.

Trung Nguyen International opened its first King Coffee-branded coffee shop, targeting a 1,000 chain

Trung Nguyen International opened its first King Coffee-branded coffee shop, targeting a 1,000 chain

BUSINESS - Jul 18, 2018 | 07:49 AM GMT+7

Trung Nguyen International has recently officially opened its first coffee shop under King Coffee brand name in central highland, Pleiku city, Gia Lai province and plans to open 1,000 coffee shops nationwide.

Sluggishness of administrative procedure remains problematic for enterprises

Sluggishness of administrative procedure remains problematic for enterprises

NEWS - Jul 18, 2018 | 06:48 AM GMT+7

Cao Thi Ngoc Dung, Chairman of PNJ said that it has been seven months but they still have not received permission to build new headquarter, even though their current one is already overloaded.

Hoa Binh kicks off third phase package of Celadon City project

Hoa Binh kicks off third phase package of Celadon City project

REAL ESTATE - Jul 17, 2018 | 06:24 PM GMT+7

Hoa Binh Construction Group Joint Stock Company has just kicked off the third phase of Celadon City, invested by Gamuda Land, located in Tan Phu district, Ho Chi Minh City.

TheLEADER organizes 'Vietnam Seaside Tourism Real Estate Forum 2018'

TheLEADER organizes 'Vietnam Seaside Tourism Real Estate Forum 2018'

NEWS - Jul 17, 2018 | 12:02 PM GMT+7

“Vietnam Seaside Tourism Real Estate Forum 2018" is the annual event to be organized with the purpose of meaningfully contributing to process of planning, investment, management, effective exploitation and sustainable development on seaside tourism real estate projects in particular and tourism real estate sector in general.

FLC Group plans to increase Bamboo Airways' charter capital to $56.4 million

FLC Group plans to increase Bamboo Airways' charter capital to $56.4 million

NEWS - Jul 17, 2018 | 07:55 AM GMT+7

According to the recent resolution of FLC Group’s Board of Directors, the Group plans to increase Bamboo Airways' charter capital by $26 million, an increase from $30.4 million to $56.4 million.

Top e-commerce sites cope with accumulated losses despite bright spots of investment

Top e-commerce sites cope with accumulated losses despite bright spots of investment

NEWS - Jul 16, 2018 | 05:26 PM GMT+7

Accumulated losses from leading e-commerce websites such as Lazada, Tiki, Shopee or Sendo are on the sharp rise, mainly due to the high sales expenses and in some cases, high management expenses.

Vietnam will not be a partner to Industry 4.0 'if it is stuck in Bureaucracy 1.0': WB

Vietnam will not be a partner to Industry 4.0 'if it is stuck in Bureaucracy 1.0': WB

LEADER TALK - Jul 16, 2018 | 08:17 AM GMT+7

Vietnam must upgrade the way its government functions to forge ahead or even leapfrog, according to the World Bank Country Director for Vietnam Ousmane Dione.

President of VCCI: 'The FDI man has been in Vietnam for 30 years and still cannot marry local businesses in Vietnam'

President of VCCI: 'The FDI man has been in Vietnam for 30 years and still cannot marry local businesses in Vietnam'

LEADER TALK - Jul 16, 2018 | 08:05 AM GMT+7

Vu Tien Loc affirmed that over the past years, the reform of Vietnam business environment and the implementation of free trade agreements have created breakthroughs but the spillover of foreign direct investment (FDI) is still very low.

Authority announces over 99 per cent of Mumuso products originated from China

Authority announces over 99 per cent of Mumuso products originated from China

BUSINESS - Jul 16, 2018 | 07:55 AM GMT+7

According to the Ministry of Industry and Trade, Mumuso has shown signs of violating the law on advertisement which confuses customers about the origin of products for unfair competition.

Real estate transactions freeze in Van Don and Bac Van Phong

Real estate transactions freeze in Van Don and Bac Van Phong

REAL ESTATE - Jul 16, 2018 | 07:47 AM GMT+7

After the National Assembly of Vietnam halted passing the draft law on Special Economic Zones, almost all real estate transactions in Van Don and Bac Van Phong froze with investors and estate agents withdrawing from the market.

Unilever’s first year in the hands of its first Vietnamese female president

Unilever’s first year in the hands of its first Vietnamese female president

BUSINESS - Jul 15, 2018 | 08:57 AM GMT+7

Unilever’s profit sharply jumped last year with the after-tax profit of roughly $165 million, up nearly 40% compared to 2016, thanks to strong revenue growth and steady cost control.

FPT spent $30 million acquiring American technology consulting company

FPT spent $30 million acquiring American technology consulting company

NEWS - Jul 15, 2018 | 08:43 AM GMT+7

Intellinet Consulting, an American management consulting and technology services firm has recently signed a contract to sell 90 per cent of its stake to FPT Group, the largest information technology service company in Vietnam.

Thaibev plans to reduce Sabeco’s profits by $44 million

Thaibev plans to reduce Sabeco’s profits by $44 million

BUSINESS - Jul 14, 2018 | 01:30 PM GMT+7

According to the business plan proposed by Sabeco's new Board of Management, its profit will drop from nearly $220 million attained last year to $176 million anticipated this year.

Frasers Property to acquire 75 per cent stake of Phu An Dien Real Estate JSC

Frasers Property to acquire 75 per cent stake of Phu An Dien Real Estate JSC

NEWS - Jul 14, 2018 | 08:55 AM GMT+7

Frasers Property Investment in Vietnam, a wholly-owned subsidiary of Frasers Property Limited has just agreed to acquire 75 per cent stake, equivalent to 45 million ordinary shares of Phu An Dien Real Estate JSC from Tran Thai Lands Company with an amount of $35 million.

Thirty one Vinpearl hotels and resorts chalk out rebranding strategy

Thirty one Vinpearl hotels and resorts chalk out rebranding strategy

LEADER TALK - Jul 13, 2018 | 05:08 PM GMT+7

Vinpearl has decided to restructure itself into three main brands, namely Luxury, Resort & Hotel, and Discovery so as to correspond to the three levels of experience including luxury - private, comfortable – flexible, and dynamic - exploring, respectively.

VIB stands behind the top instant noodle producer UNIBEN's success

VIB stands behind the top instant noodle producer UNIBEN's success

BUSINESS - Jul 13, 2018 | 12:04 PM GMT+7

Owing to financial support from Vietnam International Bank, UNIBEN has been able to invest vigorously in their factory and promote their marketing activities actively, allowing the company to gain the majority of the market shares of the instant noodle industry in rural areas.

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