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 Hanoians now rush to buy VIVO HD, a kind of low cost and multi-functional product distributed by AVAtelecom. VIVO HD is now priced at VND4.2 million, which, in the eyes of consumers, is a very reasonable price, if noting that it can connect TV, allows users to watch TV and play heavy games and to make documents. Low cost smart phones are understood as the products with the retail prices of no more than VND5 million per product. The owner of a mobile phone shop on Thai Ha Street in Hanoi said … [Read more...]

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, Samsung, Phillips, Alcatel and LG have also developed 2-SIM models. 2-SIM phones were understood as low cost products, which are equipped with the basic features. However, the concept has changed a lot over the last 2 years. More and more 2-SIM phones with strong configuration, including Vietnamese brand blockbuster products have been marketed recently. VinaPhone, one of the three biggest mobile network operators, has made its presence in the mobile phone market by launching Avio Sky A850, a … [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. Q-Mobile has captured articular attention from consumers. The brand first appeared in May 2008 by An Binh Telecom Company Limited (ABTEL) and is now ranked third in Vietnam's smartphone market in sale volumes. According to Q-Mobile chief executive officer (CEO) Nguyen Quang Minh, Vietnam's smart-phone market is currently vibrant across all market segments, entailing big challenges to the firm. "But competition is inevitable in the marketplace. With proper strategy, we are confident to … [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 Certified Accountants (ACCA) will be in charge of professional aspects and send judges to evaluate related contents in listed firms' reports. On Tuesday's 2013 ARA launch also witnessed the signing of a memorandum of understanding (MoU) between the ARA's organizing committee, IFC and ACCA. Following its success over the past five years, the ARA contest is co-organized by HOSE and Vietnam Investment Review's sister publication Dau tu Chung khoan and sponsored by fund manager Dragon Capital. This … [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 growth rate of nearly 1 percent, last year was considered the worst year for the local seafood industry in recent years, as breeding, producing, and exports, all faced difficulties. Breeders struggled with fluctuating prices and diseases since the beginning of the year, causing a decline in shrimp crops. Meanwhile, firms faced a financial crunch, shortage of material, and were forced to operate perfunctorily or even run the risk of bankruptcy. Last year, demand from the EU market, the major … [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 mobile devices have become a common part of people's lives when they find more affordable to normal mobiles," he noted. He said that Qualcomm planned to intensify its operations in Vietnam this year in a bid to bring 3G technology to almost every resident in the country. "While there are around two billion 3G subscribers in the world, Vietnam has only 20 million 3G subscribers, according to the Ministry of Information and Communication. We see a great potential for 3G development in Vietnam in the … [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 country's average growth rate, which was 15 percent last year, by using the latest technologies, it said. FPT IV from FPT Technology Products Company is the first Vietnamese-made smart phone to use a quad-core processor. The company has forecast growth in smart phones sales to double this year. Its FPT IV, which went on sale on February 18, became the first Vietnamese-made smart phone with a quad-core processor. Its price starts at VND4.45 million (US$213). The company entered the mobile … [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 being distributed to buyers worldwide. In a related development, FPT Technology Products Company has set a target of selling 600,000 FPT-branded smartphones this year, said Le Hoang Hai, deputy general director of the company. FPT forecast the sales volume of smartphones would increase twofold this year, accounting for 30% of the total number of mobile phones sold in the domestic market, versus 15% last year. Smartphone consumption in Vietnam is rising rapidly. Therefore, FPT this year will … [Read more...]

Software firms see great potential in home market

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VietNamNet Bridge - More than 60 percent startups have been using information technology (IT) in their business. Small and medium enterprises now tend to use IT to create their competitiveness, but the IT application index still remains modest. The IT application index in HCM City is better than Hanoi, in all the general indices, hardware, software and internet. A survey conducted by the Hanoi Information and Communication Department in 2015 showed that even in Hanoi, a fast growing city, the achievements in IT application by 117,000 small and medium enterprises also remain modest. It is estimated that businesses reserve 0.15-0.3 percent of their total revenue only for IT application. About 50 percent of businesses use devices to store data, including removable hard drive or disc. However, most of them store information staff’s client computers and not in one area. Seventy percent of businesses don’t have IT staff. The IT application index in HCM City is better … [Read more...]

Microsoft to support Da Nang on start-up programme

Representatives of Da Nang and Microsoft Viet Nam sign MoU on Business start-up Supporting Programme. — Photo danang.gov.vn

Viet Nam rolls with Southeast Asia's tech growthCircular being drafted on venture capital for start-upsVN start-ups need more legal support: firm CEOsStart-ups must join int'l community: Deputy PMHCM City aims to become startup hub for young people DA NANG (Biz Hub) — Microsoft Viet Nam and this central city have agreed to a Memorandum of Understanding (MoU) on a business start-up support programme in Da Nang. Vice-chairman of the city's people's committee Vo Duy Khuong said the MoU was part of Microsoft Viet Nam's start-up support programme called "CLAS Expara Startup Accelerator." Following the agreement signed in HCM City last week, Microsoft Viet Nam will support individuals and organisations in the city in developing the capacity of their business start-ups. The central city established its Entrepreneurship Support Company last year to help young people develop opportunities and ideas for starting a business. Director of Microsoft Viet Nam Vu Minh Tri said the MoU was … [Read more...]

Vietnam’s plastic molding machines subject to Indian anti-dumping tariff

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The Vietnam Competition Authority (VCA) under the Ministry of Industry and Trade said on Monday that India is slapping a 23.15 percent tax on plastic molding machines made by Vietnamese manufacturers. On January 7, India first announced that an anti-dumping tax of at least 23 percent would be imposed on injection molding machines imported from Vietnam and three other markets. The final decision was made by India’s Directorate General of Anti-Dumping and Allied Duties (DGADs) after a thorough investigation on a number of machinery manufacturers from Taiwan, the Philippines, Malaysia, and Vietnam from April 2013 to March 2014. This latest decision by India will impose anti-dumping duties for the next five years on imports from Taiwan (27.98 percent), Vietnam (23.15 percent), Malaysia (44.74 percent) and the Philippines (30.85 percent). Two Taiwan-based manufacturers will enjoy a favorable tariff of 0-6.06 percent for submitting complete financial information to prove … [Read more...]

Ecommerce companies paying more attention to smaller cities, provinces

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Ecommerce companies are planning to expand their operation to the largely untapped market of cities and provinces outside of Hanoi and Ho Chi Minh City. According to Vietnam E-Commerce Association (VECOM)’s E-Business Index 2015 (EBI 2015) report released on January 29, there is a big gap among cities and provinces. Ho Chi Minh City and Hanoi continue to lead in business-to-customer (B2C) transactions for the fourth consecutive year, leaving other localities far behind. The index was calculated based on the use of emails for commercial activities, the set up and operation of company websites, participation in e-marketplaces, the use of non-cash payment methods, and protection of personal information. The fact that Hanoi and Ho Chi Minh City scored around 70 index points, while the average for all 63 cities and provinces is 46.9, shows that even though ecommerce is growing fast in Vietnam, it does so in a regionally uneven pattern. Statistics from companies show similar trends. … [Read more...]

First dinner in the sky slated for Tet

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Kieu Giang Guests will enjoy the best view of the city, 60 meters up in the sky, and great food as well. There are a selection of cocktail and canapé flights, and exquisite dinner flights. On the dinner flights, guests will enjoy food prepared by international award winning chef Sakal, who is the president of the esteemed Disciples d’Escoffier Vietnam and the executive chef at Sofitel Saigon Plaza. The menus combine French and Vietnamese flavors with ingredients coming from both countries. The event will take place nearby the Saigon River. Each flight will have 22 guests on the Events In The Sky table, which is lifted up into the sky by a crane, thereby providing a unique dining experience. "The appeal of Events In The Sky is pretty universal. It takes you somewhere you’ve never been before, 20 stories above the ground, without any physical barrier between you and the world. Unlike looking out of the window of a plane or enjoying the view from a high-rise … [Read more...]

Hair-raising Dinner In The Sky experience comes to HCM City

HCM CITY (VNS) — Dinner In The Sky, a slightly bizarre concept that has caught on in 45 countries – 22 guests are hoisted in the air along with the banquet table and their chairs by a crane to dine 60 metres up in the air – has made its way to Viet Nam. The Belgium-based Events In The Sky last week said it would organize its first Dinner In The Sky in HCM City early in the coming Lunar New Year, which this year begins on February 8. Guests will enjoy views overlooking the Sai Gon River and the city. Forty four guests per day – in two batches – each strapped into their seats, will feast on amuse bouche crab meat with Bloody Mary jelly and avocado mousse; pho with poached foie gras and Vietnamese herbal wine; lobster ravioli with tomato marmalade, pan fried venison fillet, beetroots and maturini sauce; artisan cheese platter with condiments; and chocolate and caramel. The menu is designed by award winning Chef Sakal, executive chef at Sofitel Saigon … [Read more...]

Transport ministry to sell Cienco shares in lots

Cua Dai Bridge is one of major projects of Cienco 5. It comprises a bridge and two roads connecting Hoi An ancient town, a World Cultural Heritage site, and Duy Xuyen and Thang Binh districts with a combined length of 18.3km. — Photo baodanang.vn

HA NOI (Biz Hub) — The Ministry of Transport will conduct auctions of the share in lots owned by the State in Civil Engineering Construction Corporations No 5 and No 6 on December 31. The auctions of both companies, Cienco 5 and Cienco 6, will be held at the HCM City Stock Exchange. The Cienco 6 has registered capital of VND492 billion (US$21.87 million), equally to 49.2 million shares, of which, the total State-owned share volume of nearly 45.70 million, or 92.8 per cent of registered capital, will be auctioned at the starting price of VND10,011 ($0.44) each, or total VND457.4 billion. Earlier in 2014, the company launched its initial public offering with a sale of 28.7 million shares, but only a little more than 1 million shares were bought. Meanwhile, its brother Cienco 5 will also sell the share lot as an effort to divest State investment capital. A share lot of nearly 10.18 million shares will be auctioned with the starting price at VND10,000 or a total at VND101 … [Read more...]

Trung Nguyen halts instant coffee sale, bewildering rivals, consumers

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VietNamNet Bridge - Trung Nguyen Coffee, the best known Vietnamese coffee brand owned by Vietnamese Coffee King Dang Le Nguyen Vu, has unexpectedly stopped providing instant coffee products for an indefinite time. Zing.vn some days ago quoted sales agents in Hanoi as reporting that Trung Nguyen had stopped selling instant coffee since November 10, 2015, while it did not say when it would resume the supply. A coffee distributor in Hanoi said Trung Nguyen coffee products have been in short supply over the last month and the prices have been escalating. "A carton of 20 G7 milk instant coffee boxes was priced at VND960,000, while it is now priced at VND990,000," he said. The news was confirmed by Trung Nguyen some days later. In a letter to customers and distributors, Nguyen Hoang Hiep, the group’s business director, said Trung Nguyen has stopped providing instant coffee products because it needs time for production line maintenance. Trung Nguyen runs two factories making … [Read more...]

STAR Vietnam: ‘Reliability and superior quality are our secrets’

We sat down with William A. Meyer,

Advertorial – STAR Vietnam has established its position as a leading translation company in Vietnam and in the world with strong commitment to the utmost quality for service. Its quality work has landed it some of the toughest and most important assignments like the translation of Microsoft’s products, SAP Germany’s online systems and Piaggio’s customer manuals into Vietnamese. STAR Vietnam’s Director General, to talk about the company’s formulas for success. What is the secret behind STAR Group's success so far? Our emphasis on superior quality, reliability, and comprehensive support for our client’s needs is our strength. We focus on supporting the entire information life cycle process (content creation, illustrations, translation, localization and publishing), providing a one-stop solution for all our clients’ documentation and communication needs. How did you gain the trust of big corporations like SAP, Microsoft, IBM, … [Read more...]

Paving a road for German business

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The German business community is eyeing Vietnam as an attractive investment destination, thanks to the two countries’ ever-growing political and economic relations. Thanh Dat reports. Germany and Vietnam are further cementing their political and economic ties At last week’s press conference organised by the German Embassy in Vietnam, Hans-Jörg Brunner, Charge d’Affaires of the embassy, said that Vietnam was quite an attractive investment destination for German firms. "Many German firms are keen to enter Vietnam to do business in many sectors. It is thanks to the two countries’ ever-increasing political and economic ties, and the free trade agreements between Vietnam and the European Union," he said. Further investment and business co-operation Over 300 German companies are operating and investing in Vietnam in many sectors, notably in automobile, machinery, pharmacy, and construction material. Specifically, representatives from Germany’s famous … [Read more...]

Vietnam has great potential of tilapia export

Directorate of Fisheries under the Ministry of Agriculture and Rural Development said that tilapia would be developed as a major farmed species in Vietnam with increased export value. The country has a great potential of raising, processing and exporting the fish. Enterprises in the Mekong delta provinces of Dong Thap and An Giang have exported the fish including fillet and frozen whole to many countries. According to statistics, tilapia production was estimated at 125,000 tons in 2014. Of which, 25,000 tons were put into processing, equivalent to 10,000 tons of products. Domestic consumption reached 100,000 tons. In 2014, the country’s total tilapia export turnover reached over US$32 million. The average export price of frozen whole tilapia was US$2.5 per kg and that of frozen fillets was US$4.5 per kg. The US, Dutch, Spain, German and Colombia are potential markets of Vietnamese fishes. Currently, there are many fisheries processing factories in the Mekong delta. What … [Read more...]

30% of Vietnamese to shop online by 2020

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At a meeting on September 18 to launch Vietnam’s e-commerce policy, Mr. Tran Huu Linh, Director General of the Vietnam E-commerce and Information Technology Agency (VECITA) under the Ministry of Industry and Trade (MoIT), said about 30 per cent of Vietnamese people will shop online by 2020. He added that, with such numbers, annual e-commerce sales will reach an average of $350 per person. B2C (Business-to-Consumers) sales will also increase 20 per cent by this time, reaching $10 billion and accounting for 5 per cent of total retail sales. Shopping on the mobile platform is predicted to continue to be the main trend around the world over the next five years, accounting for about 25 per cent of total global retail sales and reaching about $850 billion in 2018. In Vietnam e-commerce is expected to reach $300 million. According to a survey by VECITA, e-commerce enterprises not only actively introduce products, brands and promotions on the mobile platform but also now design … [Read more...]