Businesses struggle to earn money in year-end sale season

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Businesses have geared up to boost sales in the year-end sales seasons. They have also changed the product structure to satisfy the taste of customers. Business results bad Dang Quoc Hung, Chair of Kim Boi Fine Arts and Handicrafts Company, spent the whole morning visiting Vifa Home, a wooden furniture and interior decoration trade fair held in HCM City. A trade fair was also held one year ago, where all the booths of the exhibition center was fully occupied. Meanwhile, a lot of booths remained idle at this year's trade fair, which lessened the enthusiasm of consumers of distributors. Tens of enterprises, which always participated in previous years' trade fairs, refused to attend this year's event. Hung also did not have a booth at Vifa Home, though he is the chair of three enterprises in Tra Vinh, Ben Tre and HCM City. The revenue of all the three companies decreased sharply by 50 percent in the first nine months of the year in comparison with the same period of 2010. Hung … [Read more...]

Businesses struggle to earn money in year-end sale season

Businesses have geared up to boost sales in the year-end sales seasons. They have also changed the product structure to satisfy the taste of customers. Business results bad Dang Quoc Hung, Chair of Kim Boi Fine Arts and Handicrafts Company, spent the whole morning visiting Vifa Home, a wooden furniture and interior decoration trade fair held in HCM City. A trade fair was also held one year ago, where all the booths of the exhibition center was fully occupied. Meanwhile, a lot of booths remained idle at this year’s trade fair, which lessened the enthusiasm of consumers of distributors. Tens of enterprises, which always participated in previous years’ trade fairs, refused to attend this year’s event. Hung also did not have a booth at Vifa Home, though he is the chair of three enterprises in Tra Vinh, Ben Tre and HCM City. The revenue of all the three companies decreased sharply by 50 percent in the first nine months of the year in comparison with the same period of … [Read more...]

Cheaper constructions urged to go green

A conner of Vincome Villas Long Bien. In Viet Nam, some investors have been piloting the development of green architecture such as Phu My Hung, North Linh Dam, Vincome Villas Long Bien, and EcoLife Capital urban areas projects. - File Photo

Developers of low- and middle-income housing projects should pay attention to green designs, intelligent technologies and energy saving solutions, Do Duc Duy, deputy minister of construction has said. Duy said solutions are focussed on the high-end segments while the low and middle- income housing segment has the highest number of users, and also consumes the maximum amount of energies. "Viet Nam's housing policies are under pressure from an increasing population, especially in urban areas. It is forecast that the urban population could reach 46 million by 2020, accounting for 45 per cent of the country's total number," he said. He told the conference on Green Constructions for Low and Middle Income Housing held in Ha Noi on Wednesday that the new housing demand could go up to 5.1 million apartments in the low- and middle-income segment in the next 10 years. This is the reason that green constructions will contribute to sustainable development and environment protection. This has … [Read more...]

Viettel opens representative office in Ethiopia Viettel opens representative office in Ethiopia

Illustrative photo (Source: techz.vn)

Telecom group Viettel will establish a representative office in Ethiopia in East Africa with the aim of researching the market and promoting investment in the country, Viettel said. Le Dang Dung, Viettel's Deputy General Director, said the establishment would allow them to carefully prepare for opportunities to receive a business licence. The group has applied the long-term market research method to ensure suitable strategies and decisions. Viettel has paid attention to Ethiopia and sub-Sahara countries since 2011. In Africa, it has invested in telecom networks in four countries including Mozambique, Cameroon, Burundi and Tanzania. Last year, two new networks in East Africa, including Lumitel in Burundi, and Halotel in Tanzania, became operational and achieved positive results. Ethiopia has a lot of potential to develop the mobile network with the fast economic growth rate of 10 percent a year. The country has a population of around 100 million. Of which, only 37 percent has … [Read more...]

Viettel opens representative office in Ethiopia

Two high-ranking delegations from Ethiopia visited Viettel in 2015. — Photo Viettel

The military-run telecom group, Viettel, will establish a representative office in Ethiopia in East Africa with the aim of researching the market and promoting investment in the country, Viettel said. Le Dang Dung, Viettel's deputy general director, said the establishment would allow them to carefully prepare for opportunities to receive a business licence. The group has applied the long-term market research method to ensure suitable strategies and decisions. Viettel has paid attention to Ethiopia and sub-Sahara countries since 2011. In Africa, it has invested in telecom networks in four countries including Mozambique, Cameroon, Burundi and Tanzania. Last year, two new networks in East Africa, including Lumitel in Burundi, and Halotel in Tanzania, became operational and achieved positive results. Ethiopia has a lot of potential to develop the mobile network with the fast economic growth rate of 10 per cent a year. The country has a population of around 100 million. Of which, … [Read more...]

Ministry proposes plan to tackle mass fish deaths

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The Ministry of Planning and Investment yesterday recommended to the Government five key actions to address the mass fish death incidents along central coastal provinces from early last month. People in Duc Trach Commune, Bo Trach District in central Quang Binh Province join border guards collecting and burying dead fish. First, authorities in provinces where the incidents occurred should continue to oversee the collecting and treating of dead fish. Any activity relating to the trade, usage or processing of the dead fish should be banned. Secondly, relevant agencies were urged to speed up studies to identify the cause of the incidents. The State budget should provide funding to hire foreign experts to join the investigation. Third, the Government must take drastic measures to address the aftermath including strict punishment to polluters, transparent information about the incident and its impact, as well as measures to help the fishing, seafood processing and tourism industries … [Read more...]

Auxiliary industry under remarkable development

Photo: Quang Ngai newspaper Challenges

​Industry has been playing an important role for economy development of Quang Ngai province, which covers 57 percent of GRDP. Especially, the development of auxiliary industry has increased remarkably in recent years. ​Achievements The development achieves in some fields as follow: The field of metal working industry, shipbuilding, electronics, information technology, over five years, has been a significant development, the growth rate of production value achieves 36.2% per year. In 2015, the production value of this industry reached 6,330 billion dong, representing 5.9% of total industrial output value of the province. Meanwhile, the field of mechanical engineering, metal processing mainly comes from the activities of Doosan Vina. Its products are heavy machineries, competing on the domestic and foreign markets. The field of electronics, information technology chiefly comes from the assembled electronic components Foster, which was put into operation in 2012 in Tinh Phong … [Read more...]

Int’l experts track down causes of mass fish deaths

VGP – A group of foreign experts are now in the Vung Anh economic zone in Ky Anh commune, Ha Tinh province, seeking to figure out the roots of unusual mass fish deaths in the four central provinces, said a senior office. Hoang Van Thuc - Deputy General Director of Viet Nam Environment Administration (VEA) revealed that the international group came from foreign countries with highly scientific standards such as Japan, Germany, the U.S., and Israel. "Right after tracking down the causes of mass fish deaths, the group of experts will report directly to the PM", said Mr. Thuc. They would make independent assessments on enterprises which are discharging waste substances to the environment in the four central provinces, namely Ha Tinh, Quang Binh, Quang Tri, and Thua Thien-Hue, especially in the Vung Ang economic zone in Ha Tinh. The investigation, assessment, and conclusion of foreign experts are independent of those carried out by Vietnamese agencies, stressed Mr. Thuc. On May … [Read more...]

Consumers set for squeeze as power costs skyrocket

According to EVN’s figures, in the first quarter of 2016, the national grid’s additional charges were estimated to rise by 13 per cent compared with the same period last year. — Photo: VNA/VNS

VietNamNet Bridge – The use of many power supply sources, including high-priced sources, has caused Electricity of Viet Nam (EVN)’s costs to soar, leading to the possibility of future power hikes. However, power supply has been maintained this year, with only occasional shortages in some locations, EVN has said. While EVN said the northern region could ensure water supply for power generation, the Central Highlands and central and southern regions have been facing a serious drought. The total amount of water reaching reservoirs in the central and southern regions has reached 3.29 billion cubic metres, 1.84 billion cubic metres lower than expected. Water flows to these reservoirs have been lower than the average flows of previous years. A number of hydropower plants have had to generate power intermittently, and 12 have suspended commercial operation, only generating power for farming. Dinh The Phuc, deputy head of the Minister of Trade and Industry’s Power … [Read more...]

Banks meet with potential recruits at Banking Academy’s job fair

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As many as 20 companies, mostly banks, had the chance to directly interact with prospective employees at Banking Academy’s job fair this morning. At the fair, students submitted their resumes to the employers they want then, if they are chosen, sat down for an interview with the companies’ staff right at the companies’ booth and then expect to hear from companies at the end of the event. "We can talk directly to the recruiter. It’s faster and feels more relaxed than if we go to a formal interview at companies. The interviewer also gives us a lot of career advices," said Vu Thuy Duong, a senior at Banking Academy. Duong said she knew people who were hired at the fair. Vietcombank and VietinBank are the hottest banks among the students, many of whom say they know that a banking job means long hours but that the good pay makes up for it. "Over the last few years we have recruited many graduates of Banking Academy. It shows that the quality of the … [Read more...]

HCM City to give compensation for damage from metro line

Construction of the metro line No 1 in HCM City.— Photo bnews.vn

VietNamNet Bridge – Dozens of houses in HCM City’s districts 2 and Binh Thanh have developed wide cracks on walls and seen their foundations sink allegedly due to the construction of metro line No 1. Do Thi My a resident of Phu My Street in Binh Thanh District, cannot stop worrying about the safety of her 10-member family, which lives in a 55sq.m house, after deep cracks appeared on the wall last year. In February last year she petitioned the Ward 22 People’s Committee to examine and make good the damage caused by the construction of the metro line, which passes close by. Authorities have been promising to pay compensation, but have yet to do so more than a year later. My’s is one of dozens of houses affected. Chu Son Binh of the HCM City Management Authority for Urban Railways admitted package 2 – from Ba Son to Suoi Tien -- has affected 35 houses in Binh Thanh District’s wards 19 and 22 and three in District 2’s Song Hanh Street. Only … [Read more...]

Mercury found in air in Hanoi

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VietNamNet Bridge - Environment data from automatic monitoring equipment shows that Hanoi has bad air quality. The machines have sometimes discovered suspended mercury in the air. According to Hoang Duong Tung, deputy general director of the Environment Directorate General, the air pollution levels in Hanoi vary in different seasons, and the pollution index is now lower than other moments of the year. However, the AQI (air quality index) measured on April 14 was still at 54-140, which shows the bad air quality. With the level, sensitive people are advised not to go out regularly. Six weeks before, in early March, the AQI in Hanoi once climbed to 388, which meant a very high pollution level. The AQI was measured by a monitoring machine set up at No 7 Lang Ha Street in Ba Dinh district. With the level, people are advised to stay indoors. Environment data from automatic monitoring equipment shows that Hanoi has bad air quality. The machines have sometimes discovered suspended … [Read more...]

Firms tend to cater to the young

Older shoppers choose clothes at a fashion fair. The ageing population has led to a tremendous demand for products and services required by that age group, but the Viet Nam Chamber of Commerce and Industry admitted products and services targeting that demographic are limited. — VNA/VNS Photo Tran Viet

HCM CITY (Biz Hub) — Nguyen Thanh Truc of HCM City's Binh Thanh District was looking to buy porridge for her sexagenarian parents at a supermarket. But after spending more than 15 minutes to read the information on the packaging of several products, she could not find even one suitable – for instance, containing less salt and sugar and less or no fat — for people aged 56 or above. The same is the case with bottled nutritional beverages, she said, adding only dairy products are available for a wide range of customers. Nguyen Thi Thao, 73, of District 11 said she is unable to find a place that sells clothes for people her age, since most fashion companies only make products for people aged up to 50. For the past decade she has had to go to tailors, she said. Pham Xuan Hong, chairman of the HCM City Association of Garment, Textile, Embroidery and Knitting, said for long the garment industry has not made products for older people and its product segments are for … [Read more...]

PNJ, STF present scholarships to 40 students

The scholarship recipients pose for group photos with representatives of PNJ and STF at a scholarship award ceremony in HCMC on Tuesday - PHOTO: CAO BAN

Ban Cao The scholarship recipients come from the University of Economics and Law under Vietnam National University HCMC, HCMC University of Architecture, HCMC University of Fine Arts, and HCMC University of Industry. These poor creativity and fashion design majors have excellent academic records and a strong will to ride out difficulties in life to perform well in their studies. STF has been cooperating with the PNJ charity fund over the past four years to support high-achieving poor students to pursue their studies. Pham Thi My Hanh, deputy general director of PNJ, said that in the scholarship program for this year, PNJ would award scholarships to students specializing in creativity so that they could have an opportunity to turn their creative ideas into reality. At the scholarship award ceremony, PNJ had an exchange with the students in which tips about how to write a resume and prepare for a successful job interview were provided. Established in 2005, the PNJ charity … [Read more...]

‘Mercury found floating in Hanoi’s air’ a misquote: environment deputy

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A deputy of Vietnam’s environmental administration confirmed on Tuesday that there was no evidence of mercury pollution in Hanoi, following public confusion over an earlier news article claiming otherwise. Hoang Duong Tung, deputy general director at the Vietnam Environmental Administration under the Ministry of Natural Resources and Environment, denied yesterday morning having said that mercury had been found floating in the air above the capital city. Earlier, a local newswire had cited Tung as saying monitoring equipment had recorded levels of mercury in the air over the locality. According to Tung, the news was inaccurate and was a misunderstanding of what he had intended to say. After receiving observational information from the U.S. Embassy about particle pollution in Hanoi, Tung explained, he had said that mercury pollution was an emerging problem that the world and Vietnam were at risk of exposure to. "I confirm that no observation result has found mercury … [Read more...]

Taiwanese firm apologizes for official’s callous remarks on mass fish deaths

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Formosa representatives apologize for a company official's shocking remarks related to the recent environmental disaster in Vietnam at the press conference on April 26, 2016. Photo: Nguyen Dung A Taiwanese steel company Tuesday afternoon apologized for what has been panned as a callous statement by one of its top executives about an ongoing environmental disaster in central Vietnam that has resulted in mass fish deaths. Hung Nghiep Formosa Ha Tinh Steel Company (FHS), went into damage control mode, organizing a press conference to apologize, as public outrage mounted in response to a statement by Chu Xuan Pham, chief of its representative office in Hanoi. Pham had told reporters who asked if Formosa had installed an undersea pipe to discharge wastewater directly into the sea in Ha Tinh Province: "I admit that the discharge of wastewater will affect the environment to some extent, and it is obvious that the sea will have less fish. "But before we built the plant, we got permission … [Read more...]

Social News 27/4

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Coordinating board of ASEAN occupational safety network meets The 17th meeting of the ASEAN Occupational Safety and Health Network (ASEAN-OSHNET) Coordinating Board commenced in Da Nang city on April 26. The annual event is attended by more than 50 delegates from the 10 ASEAN nations, and representatives from the bloc's partner countries (the Republic of Korea, China and Japan) and international organisations. Opening the meeting, Vietnamese Deputy Minister of Labour, Invalids and Social Affairs Doan Mau Diep said as they will face new arising challenges amidst global economic integration, the ASEAN-OSHNET Coordinating Board needs to devise stronger measures to enhance occupational safety and health. It should promote national programmes on occupational safety and health in the region and strengthen cooperation with international partners in the work. He stressed that Vietnam will play an active and responsible role to enhance occupational safety and health in ASEAN. At the … [Read more...]

Formosa leaders beg for forgiveness after pollution remarks

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Hung Nghiep Formosa Ha Tinh Steel Ltd., yesterday apologised for the recent inflammatory remarks by the firm’s public relations guru Chou Chun Fan that suggested local people couldn’t expect to maintain their local environment if they wanted to have a modern steel industry. Fan bowed with other executives of the company during a news conference held on April 27 in Ha Tinh Province, saying that he was very sorry for his ‘careless’ statement which had made local people angry. Chairing the conference, Hung Nghiep Formosa deputy general director Truong Phuc Ninh said he was very sorry that Fan's statement had badly affected the good relationship between the company and Vietnamese government and people. "However, Chou Chun Fan is not our spokeperson on environmental issues," Ninh noted. "He is only a staff at the Hanoi office so what he said does not represent our views." The company leader also said that Fan would be strictly punished for his improper … [Read more...]

Formosa representative repents “trade-off” comment

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Taiwanese Hung Nghiep Formosa Ha Tinh Steel Ltd.’s public relations director will face chastisement by the company leadership for his "steel or fish" comment regarding the mass dying of fish along the central coast of Vietnam. "I apologise for making the statement and causing public uproar, all without permission from the company," Chu Xuan Pham, public relations director of Hung Nghiep Formosa Ha Tinh Steel Ltd., which operates the $10. 5 billion Formosa Ha Tinh steel and port complex, said at a press conference organised by Hung Nghiep Formosa a few minutes ago. Earlier, Pham said in an interview with VTCNews that "sometimes there is a trade-off." "I am being honest. We have to choose. Do we want to catch fish or do we want to have a modern steel factory?" The statement, which was later quoted by all major media outlets in Vietnam, added fuel to the fire as Formosa is currently suspected of polluting the sea. At the press meeting, Hung Nghiep Formosa deputy general director … [Read more...]

Travel companies get busy during long holiday

Tourists at Sam Son beach

Travel companies are optimistic about business during the traditional long holiday at the end of April and early May as people tend to take tours at this time. Vietravel, one of the big tour operators in Vietnam, said that it expects to serve 24,000 customers during the four-day holiday, a 20-percent increase against the same period last year. Nguyen Cong Hoan, Deputy General Director of Hanoi Red Tours Joint Stock Company, said the company has introduced many package tours in advance and had strong bookings from customers. The company said all package tours have been booked, especially those to Da Nang, Nha Trang and Phu Quoc as well as to Thailand, Malaysia and Singapore. It expects to serve around 4,000 people this vacation. Pham Bich Ngoc, Deputy Director of Vietrantour Travel Company, said the company has worked with foreign partners to cut the price of tours to England, Italy, the Maldives, Dubai-Abu Dhabi, and Taiwan by 5-18.5 percent. Besides booking tours via travel … [Read more...]