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


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


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


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...]


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...]


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


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


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


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...]

There is no evidence of Coca-Cola transfer pricing: Minister

Minister of Planning and Investment Bui Quang Vinh

VietNamNet Bridge - Minister of Planning and Investment Bui Quang Vinh has disagreed with the opinion that Coca-Cola has been conducting transfer pricing in Vietnam, affirming that the soft drink manufacturer is innocent until proven guilty.Related news Taking a loss like Coca Cola Vinh made the statement at the Vietnam Global Investment Forum held in Hanoi in late September, which gathered nearly 700 investors from 35 countries. The discussion became lively when the president of Hoa Sen Group, a 100 percent Vietnamese owned business, said he was worried about the dominance of foreign invested enterprises (FIEs) in Vietnam. The businessman said that the presence of so many FIEs means fewer opportunities for Vietnamese businesses, the majority of which are small and medium, and have weak capability. Therefore, he called on the government to apply necessary policies to protect domestic businesses. He went on to say that when Vietnamese businesses follow the principle of … [Read more...]

Foreign banks advance slowly but steadily in Vietnam


VietNamNet Bridge - Though foreign banks have expanded their networks and presence in Vietnam, they still have a modest market share in Vietnam. There are 47 foreign bank branches, five wholly foreign owned banks, 53 representative offices and four joint venture banks operating in Vietnam. Joint venture and 100 percent foreign owned banks have 61 branches, mostly in Hanoi and HCM City. Meanwhile, Vietnamese banks have 2,472 branches throughout the country. SBV has approved plans to establish 100 percent foreign owned banks submitted by Public Bank Berhad (PBB-Malaysia) and Citibank (the US). Market share By December 31, 2014, foreign invested banks had held 6.92 percent of the domestic market share. The figures were 3 percent and 0.75 percent for 100 percent foreign owned banks and joint venture banks, respectively, if considering their total assets. Though the charter capital/allocated capital had increased rapidly from 13 percent to 19.1 percent, the banks’ total … [Read more...]

Tra Su cajeput forests during season change


VietNamNet Bridge - In early October every year, when the flooding in the Mekong River Delta starts, Tra Su cajeput forest has a new vitality. The Tra Su cajeput forest in the southern province of An Giang has become a favourite tourist spot, especially for those who respect its diverse ecosystem. The 845ha forest zone is located about 20km from Chau Doc Town, 10km from the border with Cambodia. The man-made forest is home to 140 species of plants, 70 species of birds, 11 species of animals, 23 of fish and 20 of reptiles. Two species of birds have been listed in the Red Book, including the giang sen (painted stork) and dien dien (anhinga or snake bird). However, to maintain the natural environment, tourists are allowed to travel only within a 159ha area of the zone, starting by motorboat in Tra Su forest. As the boat glides from the wharf, the cool air is refreshing. The green trees, cool water and birdsong are enhanced by the sight of pink water-lily flowers rising and falling in … [Read more...]

HCM City backs Trung Nam’s $440mil. anti-flood project

A street in HCMC is flooded after torrential rain in this file photo. The HCMC government is seeking approval for Trung Nam Joint Stock Co. to carry out an anti-flood dyke project worth VND9.85 trillion in the city – Photo: Anh Quan

VietNamNet Bridge – The HCMC government has asked the People’s Council of the city to allow Trung Nam Joint Stock Co. to carry out an anti-flood dyke project worth VND9.85 trillion (US$438.2 million) between 2015 and 2018. According to the city government, Trung Nam’s build-transfer (BT) project would benefit an inner-city area totaling 570 square kilometers and the right bank of the Saigon River. The project would develop six flood tide control gates in Ben Nghe, Tan Thuan, Phu Xuan, Muong Chuoi, Cay Kho and Phu Dinh, a seven-kilometer riverside dyke and 68 small sewers under the dyke. Trung Nam would build these components in districts 1,4,7,8, Nha Be, Binh Tan and Binh Chanh. The company plans to use its own capital and borrow from the Bank for Investment and Development of Vietnam (BIDV) to fund the project. Of the total funding, VND1.79 trillion would be used for site clearance and compensation. The city will use its budget to pay 85% of the total finance … [Read more...]

Smarthome – the new race for technology firms


VietNamNet Bridge - Vietnam has high potential in the world’s smarthome market, worth $20 billion globally. Nguyen Hung, the founder of Greenvity, noted that though the Vietnamese smarthome market is still young, it will grow rapidly primarily because of the construction sector’s development. Hung said Greenvity, through OnSky, has brought to Vietnam the latest smarthome products which can be used in many different fields, from trade and industry to agriculture. Greenvity’s technology helps save energy, reduce installation costs and reinforces security for shopping malls, offices, factories, hospitals and residential quarters. The firm now negotiates with owners of buildings, hospitals, schools and hotels on the application of its smarthome equipment at construction works. It is also eyeing apartment blocks. An analyst cited a Business Insider Intelligence report as predicting that IoT (Internet of Things) would be the largest device market in the world. It … [Read more...]

18 factories may be closed after death of many fish in Vung Tau


VietNamNet Bridge - The Ba Ria – Vung Tau provincial authorities may shut down 18 factories charged with causing the death of large amounts of fish. relate news Residents carry dead fish to gov’t office to protest pollution In 1998, the Ba Ria – Vung Tau provincial People’s Committee called on businesses to invest in the Tan Hai Fish village in Tan Thanh district. However, the investors have brought about many problems. Locals who farm fish in cages have repeatedly complained that their fish died en masse, blaming this on waste water from the factories to the Cha Va river where fish cages are located. Fish death and crop failure have pushed a lot of farmers against the wall. Local farmers, in anger, have carried dead fish and put baskets of dead fish in front of the factories to protest against the discharge of untreated water. Most recently, on September 30, tens of farmers from Long Son commune in Vung Tau City carried many kilos of dead fish to the … [Read more...]

What should be done with schools still short of students?


VietNamNet Bridge - Many schools still cannot find enough students to start the new academic year, a trend that has occurred for several years. The Ministry of Education and Training (MOET) this year allowed training establishments to enroll 647,222 students for universities (4-5 year training) and junior colleges (3-year training). After two enrollment campaigns, 443 schools have found 463,537 students, or 89.75 percent of total students they need. As many as 146 schools have stopped enrollment as they have fulfilled enrollment plans. Meanwhile, 28 schools reported that they lack thousands of students. The Hanoi Economics & Industry College, for example, still needs over 9,000 more students. Non-state owned and local schools also said they need many more students. An analyst pointed out that schools cannot fulfill their enrolment plan because they have been enrolling more and more students year after year. This means that schools lack students not because of limited … [Read more...]

Venture funds heading for Vietnam


VietNamNet Bridge - Vietnamese startups have become more and more attractive to angel investors, seed-funds and series A-funds, both domestic and foreign. In February 2015, the Vietnamese startup community was excited by the news that Hubert Burda Media, one of Germany’s largest media groups, announced its investment in Coc Coc, a Vietnamese search engine, or ‘Vietnam’s Google’. Vietnam still cannot be compared to Singapore, the country with the most developed startup community and the highest venture capital attractor in South East Asia, which ranks 10th among 20 leading cities in the development of startup ecosystem. However, it has been steadfastly attracting foreign venture capital, especially from Japan, for many years. Nguyen Manh Dung, chief representative of Japan's CyberAgent Ventures Inc (CAV) in Vietnam and Thailand, commented that the Vietnamese startup community has developed more strongly than ever before. CAV, plus with Golden Gate Ventures … [Read more...]

Thai investors focus on Vietnamese cosmetics consumers

Illustrative image -- File photo

VietNamNet Bridge – Vietnam has been seen as an attractive market to Thai cosmetics businesses as local people are showing a preference for made-in-Thailand products. Thai Consul General to Ho Chi Minh City Malinee Harnboonsong said with high quality and reasonable prices, Thai cosmetics and personal care products are becoming more popular among Vietnamese consumers, especially the youth. According to the official, Thailand shipped 2 billion USD worth of cosmetics abroad in 2013, 26 percent of which was delivered to the Southeast Asian region. As the world’s second largest shampoo supplier and 12th largest skin care product exporter, Thailand earned 250 billion THB (nearly 7 billion USD) from the cosmetics industry in 2014. The figure is projected to climb to 275 billion THB (7.6 billion USD) this year, said Ketmanee Lertkitcha, President of the Thai Cosmetics Manufactures Association. She said the ASEAN Economic Community, scheduled to be formed by the end of this … [Read more...]

Room for Hanoi cemeteries dwindling

Cot Village Cemetery in Ha Noi's Cau Giay District. Most cemeteries in urban districts are overcrowded, and new cemeteries face many obstacles. — Photo phunutoday.vn

VietNamNet Bridge – A shortage of land for cemeteries in Ha Noi is causing pressure on the planning and expanding of cemeteries, officials said. Khuat Van Thanh, director of Ha Noi's Labour, Invalids and Social Affairs, said most of cemeteries in urban districts were overcrowded and had been closed while the building of new cemeteries faced a lot of obstacles. The planning of cemeteries was necessary to reduce pollution, exploit the land more effectively and to ensure the city's civility, he said. Two teams of inspectors from Ha Noi's People's Committee have conducted regular inspections on the management of cemeteries in the city. Results showed that a loose management was among the main causes of degradation and an unhygienic situation there. In many localities, especially those in suburban areas, graves are scattered between rice fields, affecting agricultural production. Due to rapid urbanisation, there exist many cemeteries in residential areas. Besides, a lot of … [Read more...]

Big M&A deals remap animal feed market


VietNamNet Bridge - The animal feed market has been busy recently with many merger & acquisition deals carried out by major companies. Sources said that Masan Group, for example, is taking final steps to take over GreenFeed. The animal manufacturer is valued at $500 million, a much higher price than $164 million in 2012. GreenFeed is a domestic enterprise which has four animal feed factories with the total capacity of 500,000 tons and a closed network of pig farms from the north to the south. If Masan Group successfully takes over Greed Feed as rumored, the animal feed market, worth $8 billion a year, will see big changes. In April 2015, in an unexpected move, Masan announced it had taken over two leading animal feed manufacturing enterprises – Proconco and Anco, where it holds 52 percent and 70 percent of stake, respectively. Proconco and Anco can churn out 1.7 million tons of animal feed a year, output just lower than CP Vietnam’s. However, if Masan takes … [Read more...]

In pictures: Horrible congestion during peak hours in Hanoi

VietNamNet Bridge - This morning, October 8, many roads in Hanoi were in chaos and horrible jams. Tens of thousands of vehicles could not move for several hours. The traffic was still "paralyzed" at 9am. Congestion was worst on the roads from Ha Dong District to the city center and the roads of Nguyen Trai, Khuat Duy Tien, Le Van Luong, and Nguyen Xien. To escape the crowds, many motorcycle struggled to find a way out by going back up the street for kilometers, making the situation worse. Some pictures of the severe congestion this morning in Hanoi: Traffic jams on Nguyen Xien Road. Hundreds of motorcycles go back up the street. Khuat Duy Tien - Nguyen Trai - Nguyen Xien T-junction. Le Van Luong Road. At 10am on Khuat Duy Tien Street. Some people drive on the grass cover under the overpass on Khuat Duy Tien Road. VNN/Dantri/Zing … [Read more...]