Low cost smart phones still live well amid their predicted ill fate

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VietNamNet Bridge - Contrary to all predictions that low cost smart phones would soon disappear from the market because of their low quality, the products still have been selling very well and become more and more favored by customers. VnMedia newspaper, which conducted a mini survey on the mobile phone market, has come to a conclusion that it was not high end smart phones, but the medium class and low cost products which were the best sellers in the market last week. 24h.com has reported that … [Read more...]

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2-SIM smart phones bring fat profits to Vietnamese manufacturers

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VietNamNet Bridge - Vietnamese now tend to use the low-cost smart phones adaptable to 2 simcards and powerful with strong configuration. The strongest card of small manufacturers The mobile phones adaptable to 2 simcards first appeared in Vietnam in 2007. Most of the products were made by unknown manufacturers and imported from China. Later, Vietnamese telecom groups also jumped into the profitable market by launching multi-simcard products. Even the world's big manufacturers like Nokia, … [Read more...]

Locals talk up future

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The global smartphone boom is led by tech giants like Samsung, Apple and Nokia, but Vietnamese firms are starting to make their mark in the low and medium market segments. Increasing numbers of Vietnamese are dialing into the smartphone revolution Photo: Le Toan Many local manufacturers jumped into making handsets but most earned meager revenue figures. The number of Vietnamese brand handsets remains only a handful at present, with the most popular brands being FPT, Q-Mobile and Mobistar. … [Read more...]

BUSINESS IN BRIEF 26/3

HOSE to honor sustainability reports The Hochiminh Stock Exchange (HOSE) has announced to present the Sustainability Reporting Awards to listed enterprises with remarkable contributions to environmental and social issues given the framework of the 2013 Annual Report Awards (ARA). Speaking at a press conference on Tuesday, the awards will be granted for the first time in this year's competition. The World Bank's International Finance Corporation (IFC) and Britain-based Association of Chartered … [Read more...]

BUSINESS IN BRIEF 25/3

Seafood industry faces slow export growth Vietnamese seafood producers are facing slow export growth and a shortage in material, after the US Department of Commerce levied higher tariffs on export of frozen pangasius fish fillets, effective from August 1, 2010 to July 31, 2011. Figures by the Vietnam Association of Seafood Exporters and Processors show that export turnover of the country's seafood industry merely touched US$6.2 billion last year, compared to a target of $6.8 billion. With a … [Read more...]

Vietnam to produce cheap smartphones and tablets

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Vietnamese consumers may have more choices when the first locally made smartphones and tablets are unveiled at around just USD50, one official said. Thieu Phuong Nam, CEO of Qualcomm in charge of Vietnam, Laos and Cambodia, announced that the company is cooperating with Vietnamese producers and network providers to realise the plan. According to Nam, mobile phones are a new technology trend that could change the lives of people in Vietnam and many other countries in the world. "3G and … [Read more...]

Vietnam tech firm plans to sell 600,000 smart phones

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FPT Technology Products Company, a subsidiary of technology giant FPT, plans to shift from production of feature phones to smart phones to catch up with the global trend, news website Saigon Times reported. The company hopes to have 600,000 smart phones under its own brand name in the market this year, Le Hoang Hai, its deputy director, said. It expects smart phones to make up 70 percent of its mobile handset sales, he added. It would make efforts to push sales of its smart phones above the … [Read more...]

Luxury Vertu TI unveiled in Vietnam

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Quoc Hung and Van Oanh FPT aims to sell 600,000 smartphones this year The 3.7-inch Vertu TI has the scratchproof sapphire crystal screen and the lightweight titanium casing which is five times harder than other smartphones. Running on Android 4.0, the smartphone is equipped with the 1.7 GHz processor, an 8MP rear camera and a 1.3MP front camera. Vertu TI is handmade by a single craftsman at Vertu's headquarters in Hampshire, England. Every VERTU Ti is signed by the craftsman before … [Read more...]

Expy toll right finds int’l buyers

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VietNamNet Bridge - An international consortium led by an Indian company will on October 28 initial a contract to buy a 70% interest in the Hanoi-Hai Phong Expressway project that is underway, the first time the toll right to an expressway is sold to a foreign firm. Minister of Transport Dinh La Thang told the Daily on October 27 that VIDIFI as the expressway project owner will clinch the deal in India on October 28 with Prime Minister Nguyen Tan Dung currently visiting India and his Indian … [Read more...]

Investors eye $3 billion children’s amusement park market

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VietNamNet Bridge - More and more large parks worth hundreds of billions of dong have been established in HCM City, attracting droves of childrens and their parents. … [Read more...]

Vietnam set to pay US$7 billion debt next year

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VietNamNet Bridge - Vietnam will have to spend VND150 trillion, or nearly US$7.1 billion, repaying for financial aid, short-term loans and domestic borrowings next year, according to Minister of Finance Dinh Tien Dung. Presenting a report on State budget estimates and allocations next year, Dung said the Government proposed a budget deficit of 5% of gross domestic product (GDP) in 2015, or around VND226 trillion. … [Read more...]

Vietnam to compete at Kids Golf World Championship

VietNamNet Bridge - Young golfers from Vietnam will participate in the Kids Golf World Championship 2014 to be held in Johor Baru, Malaysia from December 8 to 12. Over 400 young people between the ages of five and 18 years from over 20 countries are expected to compete in the prestigious tournament which is being held in Malaysia for the third consecutive year. The championship is the international version of the prestigious US Kids Golf tournament and provides an excellent opportunity for … [Read more...]

Hydropower dams endanger Vietnam’s Mekong Delta

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VietNamNet Bridge - Hydropower dams expected to be built on the upper course of Mekong pose the biggest threat to the Mekong Delta. … [Read more...]

Slow sales for next-generation iPads

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VietNamNet Bridge - While iPhone 6 and iPhone 6 Plus have quickly become popular in Vietnam, the next-generation iPad Air 2 and iPad mini 3 have not been selling well. … [Read more...]

University teacher invents “drumming” robot

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VietNamNet Bridge - A lecturer at the Vinh Long University of Polytechnic Education has invented a robot that can beat school drums at programmed times. … [Read more...]

MOF proposes new incentives for major foreign investors

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VietNamNet Bridge - Foreign-invested projects capitalized at billions of dollars with expected revenue in the billions may enjoy unprecedented investment incentives if the Ministry of Finance's proposal is approved by the National Assembly. … [Read more...]

Saigon in the 90s

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VietNamNet Bridge - German photographer Hans-Peter Grumpe captured images of famous places in Ho Chi Minh City decades ago, such as the US Embassy, Tax Trading Centre, and Saigon Notre-Dame Basilica. While living in Vietnam from 1991 to 1993, Grumpe travelled in other countries. He visited HCM City in 1991 and took many photos of the city's landmarks. In photo: The City People's Committee, known as the Town Hall of the former Saigon administration. Thong Nhat (Unification) Palace was built … [Read more...]

Legal Advice: Distinguishing between dissolution and bankruptcy

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VietNamNet Bridge - While dissolution and bankruptcy both lead to the termination of a company's activities, their causes, settlement procedures, legal consequences, and liabilities of the proprietor after the two events are very different. First: The cause According to the Law on Enterprises (2005), there are many reasons that lead to the dissolution of an enterprise, namely: (i) The operation duration stated in the company charter has expired, yet there is no extension decision; (ii) The … [Read more...]

Images: Houses become cellars in Saigon

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VietNamNet Bridge - When roads are heightened by 1-2 meters, the houses along the roads are turned into basements, right in the heart of HCM City. Along new roads such as Pham Van Dong in Thu Duc District, Pham Van Chi and Lo Gom in District 6 and some others, passers-by can see hundreds of such houses. The door of Mrs. Nguyen Thi Hoai's house, in Lo Gom, District 6, was previously 2.2m high, but since the road was rebuilt, it is now only about 0.8m high. Many families have to abandon or … [Read more...]

Vietnam-US trade could approach $35b

Bilateral trade may reach US$34.9 billion this year after hitting $24.9 billion in 2012 and $29.7 billion in 2013, a healthy increase of nearly 20 per cent for two years in a row. - Photo baohaiquan

VietNamNet Bridge - Trade between Viet Nam and the US continues to expand in spite of domestic and international economic difficulties. The American Chamber of Commerce in Viet Nam made the announcement in an outlook report that it posted on its website early this week. … [Read more...]