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

20130624093730-scitech23.jpg

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

20130424092544-scitech2.JPG

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

ap9a.jpg

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

Qualcomm-2c4b2.jpg

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

fptiv.jpg

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

03ba3_vertu_3.jpg

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...]

Vietnamese products bear highest taxes, fees in ASEAN

1700130-20150630065847-tax2

VietNamNet Bridge - In Vietnam, a car bears three kinds of tax and dozens of fees. Rice reportedly has more fees that any other product or service. The Ministry of Finance (MOF) recently released a draft circular on collecting emission testing fees on road vehicles, fuel consumption testing fees, and energy labeling certification fees on cars with seven seaters and less. Under the draft circular, petrol-run vehicles would be charged VND16 million for every test, and diesel-run vehicles VND16.5 million. The Ministry of Finance also plans to collect VND100,000 per energy label certificate. According to Autodaily, cars bear a car part import tariff of 10-30 percent, CBU (complete built unit) import tariff of 50-70 percent, luxury tax of 40-60 percent, VAT of 10 percent and corporate income tax of 22 percent. A car has a registration tax of 10-15 percent, an examination fee, number plate granting fee, and technical safety fee. Car owners also have to pay road maintenance fees, pay … [Read more...]

Chinese traders suddenly stop buying VN litchis

1699979-20150703103953-1

VietNamNet Bridge – The price for Bac Giang litchis dropped to VND3,000-VND15,000 per kilo after Chinese traders unexpectedly stopped purchasing litchis in Bac Giang province. Farmers in Luc Ngan District, the major litchi growing area of Bac Giang and Vietnam, are very worried right now. To sell nearly 500 kg of litchis on the morning of June 30, at the price of VND12,000/kg ($0.5), Mr. Phung Tran Hoat had to see several litchi traders. "Most of the points to collect litchis for Chinese traders in Luc Ngan have closed. The purchasing power of domestic businesses is moderate. I’m very lucky today to sell this volume of litchi," he said. Local farmers said in previous years Chinese traders did not halt purchasing litchi until the end of the season, but this year they stopped buying when the litchi season was two-thirds finished. This is also the main reason for the the price fall by 50-70% in the past few days. Ms. Nguyen Thi Loan was not as lucky as Mr. Hoat because … [Read more...]

Japanese pouring more money into Vietnam real estate

Part 1: Vietnamese market attractive to Japan

VietNamNet Bridge - Have the Japanese been too slow to invest in Vietnamese real estate market? The current merger & acquisition (M&A) wave indicates ‘no’. More Japanese real estate firms have shown their interest in Vietnam. Toshin Development, for example, has suggested building an underground shopping mall in HCM City. The project is expected to be developed in the Ben Thanh Market area and connect to the Ben Thanh-SuoiTien subway station. Toshin Development plans a huge amount of investment capital of VND6.4 trillion for the project, while suggesting the PPP (private public partnership) mode with the capital contribution ratio of 67-33 percent. The underground shopping mall would comprise two public and commercial areas. The Vietnamese partner will build public areas with the Japanese, while the Japanese firm would develop the shopping mall. Toshin Development is a subsidiary of Takashimaya, a shopping mall development group. If the project gets approval … [Read more...]

Bahnar, Jrai music to be performed in Finland

1699975-20150703112400-music-bahnar-jrai

VietNamNet Bridge – A group of folk musicians from Bahnar and Jrai ethnic groups from Gia Lai Province in the Central Highlands will perform at festivals in Finland from now to July 9. The troupe includes RCham Tih and Cham Nguich from Jrai; Dinh Plih and Dinh Len from Bahnar ethnic group; flutist Nguyen Duc Thao; and music researcher Kieu Trung Son. The festival is part of Finland-Viet Nam Cultural Bridge and the programme has been organised by Juminkeko, an information centre specialising in Finnish national epos, and Viet Nam Folk Culture and Arts Association. The group will also attend the 10th Sommelo Ethno Music Festival in Kuhmo and the Words and Music in Kajaani. The eastern Finnish town of Kajaani hosts Finland's longest-running and largest family-friendly festival dedicated to poetry, recitation, and small-scale theatre. Musicians will perform the traditional tunes and folk songs of their own people with the accompaniment of traditional instruments. They will … [Read more...]

Vietnam Airlines prepares to become 4-star airline

PM Nguyen Tan Dung on Vietnam Airlines' first Airbus 350-900 aircraft on July 2.

VietNamNet Bridge - Investing heavily in new-generation aircraft and concentrating on upgrading the quality of services are part of Vietnam Airlines' efforts to upgrade its position in global airline rankings. Earlier this week, Airbus delivered to Vietnam Airlines the first A350 XWB aircraft put into commercial exploitation. According to sources from Airbus, Vietnam will be the second country in the world using this model, with four units to be delivered in 2015. These aircraft will be operated on routes from Hanoi to Ho Chi Minh City, Seoul (South Korea) and Hanoi/HCM City to Paris (France). Along with the A350, in the second half this year Vietnam Airlines will receive four Boeing 787-9 Dreamliners. This is considered a step in the plan to replace the entire fleet of widebody aircraft with 33 units in the period from now until 2019. The national carrier will also launch the new brand identity, with new logo, stewardess uniforms, interior - exterior design, lounge, instruments and … [Read more...]

US billionaire amazed at Vietnam’s economic change

Billionaire Wilbur L. Ross. Photo Bloomberg

VietNamNet Bridge - Foreign investors see Vietnam as a safe country and an attractive destination of international capital flows, especially in the field of manufacturing and real estate. Speaking at an investment promotion conference themed "My Vietnam- your investment destination", held in New York on July 1, billionaire Wilbur L. Ross said Vietnam is an attractive destination of international capital flows. "I went to Vietnam for the first time in 2001. At that time, many families still drove bicycles. Recently, I visited Vietnam and I saw them owning cars and even big hotels. Obviously, Vietnam has had impressive economic growth and I personally think that this is the safest country in the world," he said. This investor has assets of about $3 billion and is the 603rd richest person in the world, according to Forbes. He praised the business environment in Vietnam, for its efforts to reform the economy, including tax policy reform and the loosening of ownership of shares for … [Read more...]

Image: Vietnam’s fourth submarine enters Cam Ranh Military Port

PV

VietNamNet Bridge – Experts completed technical inspections of the fourth Kilo-submarine named HQ-185 Da Nang at noon on July 2. The submarine safely docked at the military port of Cam Ranh in the south-central province of Khanh Hoa. The submarine was carried to Khanh Hoa on June 30 by heavy lift vessel Rolldock Storm. HQ-185 Da Nang submarine was built by the Admiralty Verfi Shipyards in Saint Petersburg, Russia. After it was launched on March 28, 2014 it conducted pilot journeys at the Baltic Sea and began a voyage to Vietnam on May 14. HQ-185 Da Nang is the fourth 636 Kilo-class submarine that Russia has built for Vietnam under the US$2 billion contract signed in 2009. Three submarines – HQ-182 Ha Noi, HQ-183 Ho Chi Minh City and HQ-184 Hai Phong -- had already arrived at Cam Ranh Port. All these three submarines are managed by the Vietnam People’s Navy. … [Read more...]

Photos: Three injured in Saigon thunderstorm

At the same time, a number of trees on Mac Thi Buoi Road in District 1, Quang Trung Road in Go Vap District, and Nguyen Tat Thanh Street in District 4 were also uprooted by strong winds. Fortunately, there were no casualties.

VietNamNet Bridge – On July 1 late afternoon, a thunderstorm swept through HCM City. Many old trees were uprooted, crashing into cars and walls. At least seven motorcycles were destroyed and two people were injured. At 6pm, taxi driver Le Xuan Nghia, 52, stopped his car on Dinh Tien Hoang Street, opposite the HCM City University of Social Sciences and Humanities in District 1 to release four foreign passengers. Incidentally, an old tree with a trunk the diameter of nearly one meter was uprooted and fell on a car. "At that time it suddenly began to rain hard, accompanied by very strong winds. Just when the passengers left the car, I heard a big sound right on my head. I did not know what happened until others broke the car door and pulled me out. Fortunately, I was only mildly injured," driver Nghia said. VNE/VNN … [Read more...]

Strong capital flow to property sector raises concerns

1699817-20150630065633-real-estate1

VietNamNet Bridge - The State Bank of Vietnam reports that loans disbursed to the real estate sector have soared recently. Deputy Governor of the State Bank of Vietnam Nguyen Thi Hong, at a meeting held by the bank recently, said that real estate credit in the first six months of 2015 had increased by 10.89 percent compared to the same period last year. Loans for real estate accounted for 8.3 percent of total outstanding loans, up by 7.9 percent compared with the same period last year. The capital had been provided mostly to fund building of houses for sale and lease. The deputy director of the State Bank’s HCM City Branch, Nguyen Hoang Minh, has confirmed that real estate credit had soared. In 2010, the real estate sector was listed as a ‘non-production sector’ to which banks were discouraged to lend. However, in April 2012, the real estate sector was lifted from the ’non-production sector’. Since then, lending to the sector has escalated. Minh … [Read more...]

Filipino lawyer reveals ‘trump card’ before Hague hearing

Dr. Jay L. Batongbacal. The hearing is July 7 – 13, so could you update our readers on developments?

VietNamNet Bridge – On July 7-13, the Philippines will argue its case against China’s claim over most of the disputed East Sea, internationally known as South China Sea, at the UN court in Hague, the Netherlands. Related news The China-Philippines dispute in the East Sea The hearing is extremely important because it is considered a typical case and an exemplary model for the defense of sovereignty in a peaceful and civilized way. Although China refused to participate in the hearing, the Philippines has prepared for the event for nearly three years. Before the hearing, Filipino lawyer Dr. Jay L. Batongbacal, a member of the Philippines’ legal team of the case, talked with VietNamNet. On July 7-13, the Philippines is scheduled to make oral arguments before the Tribunal with respect to the issues of jurisdiction and admissibility of claims. These arguments will revolve around the issues raised by the Tribunal’s own questions based on the Memorial that the … [Read more...]

VN to launch action month on gender violence prevention

VietNamNet Bridge – The Ministry of Labour, Invalids and Social Affairs (MOLISA) has announced the creation of a national action month on gender violence prevention and control, which will last from November 15 to December 16 each year. The month will be held under the National Project on Gender Violence Prevention and Control, MOLISA said at a conference yesterday (June 30) in Ha Noi. The project aims to raise people's awareness on the issue, decrease the number of victims of gender violence and improve the effectiveness of services for these crimes, said Pham Ngoc Tien, director of the Gender Equality Department under MOLISA. National hotline Victims of gender violence have 35 per cent lower incomes than those who haven't experienced gender violence, according to the UN in Viet Nam. Under the project, a national hotline will be set up to help and provide consultations for victims. Short-term and long-term training courses will be held for workers specialis-ing in gender … [Read more...]

Vietnam consider exporting vaccines after WHO recognition

1699760-20150702055921-scitech-vaccine

VietNamNet Bridge - Scientists are optimistic about Vietnam’s capability of exporting vaccines directly to other countries or through United Nations’ organisations following official international recognition of Vietnam-made vaccines. Vietnam’s regulatory system for vaccines was officially certified by the World Health Organization (WHO) as complying with international standards. "Vietnam now has a fully equipped national regulatory system that ensures the safety and effectiveness of vaccines they produce and use," Dr. Shin Young-soo, regional director of the WHO’s Western Pacific Region, said at the NRA (National Regulatory Authority) certificate presentation ceremony last week. According to Nguyen Minh Hang, deputy head of the Ministry of Health’s Preventive Medicine Agency, Vietnam is one of a few regional countries which produce vaccines for its domestic use. She also noted that Vietnam has great opportunities to make vaccines not only for … [Read more...]