Microsoft officially appoints new country manager in Vietnam

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Today, Microsoft officially announced that Vu Minh Tri has been appointed as the new country manager for Microsoft Vietnam. In this role, Tri will be responsible for managing Microsoft's business strategy, operations, and development initiatives in the Vietnamese market. Tri has extensive business management experience in a number of multi-national corporations and has a deep understanding of the technology industry. Prior to joining Microsoft, he held many key leadership positions and most recently was the regional leader overseeing the Indochina and Thailand region for Qualcomm. He previously held various leadership positions in his career including general director for Yahoo! Vietnam, country manager of Sony Ericsson Vietnam, and worked in Sales & Marketing Management for BAT, BP and Procter & Gamble Vietnam. Jamie Harper, general manager of Southeast Asia said "Vietnam continues to be a market of strategic importance to Microsoft, and we continue to invest in the … [Read more...]

Android 4.0 attractive, but it’s not easy to gulp

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VietNamNet Bridge - Android 4.0 has the code name "Ice Cream Sandwich." Google once announced that the official version of the product would appear in early 2012. However, to date, except some product lines which have the right to install the official version, most of the Android 4.0 products available on the market are just the alpha and beta versions. A source from Sony Ericsson Vietnam has affirmed that the official version of Android 4.0 would hit the market by early April 2012. In general, the official version would have many new functions, but there would be no big changes in comparison with the beta version. The operation system for a mass The previous versions of the Android operation system showed differences on different product lines. The previous versions of Android, from the 2.3 GingerBread version and earlier, were mostly used for mobile phones. Meanwhile, Android 3.0 Honeycomb is the operation system only used for the group of tablets running on Android operation … [Read more...]

The origins of made-in-Vietnam cell phones

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Some domestic brands of hand phone have appeared in the local market in recent years, namely Mobell, Q-Mobile, ConnSpeed, Bavapen, F-Mobile and MobiStar. Many of them carry Vietnamese names, but they actually hail from China. With super-cheap components from China, manufacturing cell phones is rather easy so many Vietnamese firms have jumped into this market. The boom of Vietnamese brands Among the above mobile phone brands, A My company's ConnSpeed products were launched in late 2007 for common users, priced between 1-3 million dong. Q-Mobile is the brand of ABTel company. Meanwhile, Bavapen belongs to Thanh Cong Mobile company. MobiStar and F-Mobile are the latest brands of P&T Mobile and FPT, and appeared in May and June 2009. These products also aim at common users, with prices of less than 2 million dong. Most of these made-in Vietnam phones have the same basic functions: music playing, camera, Bluetooth connection, two sims. The designs are abundant but many models … [Read more...]

Going local

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The new General Manager of Yahoo! in Vietnam, Mr Vu Minh Tri Born in 1973, Mr Vu Minh Tri was previously General Manager of Sony Ericsson Vietnam and prior to that worked with Procter&Gamble (P&G), British Petroleum (BP) and British American Tobacco (BAT), where he held senior management positions in brand marketing, business development, training and development, and trade marketing. At Sony Ericsson Vietnam he turned its Vietnam business into the fastest growing company in the industry in terms of volume and value share and brand health indicators. More importantly, he built a strong foundation for the continuous and sustainable growth of the Sony Ericsson business. Perhaps this extensive blue chip background helped him to defeat other candidates on the short list for the position of general manager in Vietnam at Yahoo! … [Read more...]

Motorola eyes more shares in Vietnam’s telecoms market

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U.S. telecoms giant Motorola is set to expand operations in Vietnam's fast-growing telecoms market in an attempt to regain its position as a market leader in the country, company officials said recently. The move is driven by the firm's recent strong financial performance on Wall Street and its fresh interest in Vietnam's growing market for mobile handsets and telecoms networks, said a Motorola spokesperson. … [Read more...]

Government convenes meeting on lawmaking

Prime Minister Nguyen Tan Dung chaired a Government meeting on lawmaking in Hanoi on July 27 and 28, focusing on the progress of a programme to build laws and ordinances and determining relevant tasks for the rest of this year. In the first half of this year, the government issued six resolutions and the Prime Minister released five decisions and two documents guiding ministries and ministry-level agencies on enacting laws and ordinances, reported Minister of Justice Ha Hung Cuong at the event. Generally, draft laws and ordinances were submitted to the National Assembly on schedule and were of good quality, he added. During the period, ministries and ministry-level agencies were required to submit 21 draft laws and ordinances to the government, five of which were approved, 11 others received government feedback and the remaining three—including the draft law on demonstration, the revised law on press and amendments and supplements to some articles of the law on technology … [Read more...]

City sees sound economic data for past year

HCM CITY (VNS) — HCM City's exports, retail sales, and revenue from services were all higher in July compared to a year ago and prices were well under control, the city People's Committee heard at a meeting yesterday. Retail sales and services turnover were worth VND56.3 trillion (nearly US$2.6 billion) during the month and took the year's total to VND379.8 trillion (over $17.4 billion), 10.9 per cent up year-on-year. Without crude oil, July's exports were worth $2.45 billion, a year-on-year increase of 1.5 per cent, and for the first seven months, $15.3 billion, up 9.4 per cent. But with crude oil, exports fell 4.6 per cent to $17.6 billion. Thai Van Re, director of the city Department of Planning and Investment, blamed the decline in exports to the fall in oil prices. Oil prices went down by 47.4 per cent on average, Re said. Industrial production rose consistently, especially processing and manufacturing. As of July 20 the city had issued licenses to 17,191 new … [Read more...]

Developers race to spruik properties as Vietnam opens door to foreign buyers

Foreign property brokers currently join their Vietnamese counterparts in examining apartment projects which are under development or on sale in the southern metropolis, as foreigners are now

With foreign ownership of houses and apartments now allowed in Vietnam, international customers and brokers have begun frequenting real estate showrooms in Ho Chi Minh City, while realty developers are boosting promotional campaigns to attract the new category of buyers. allowed to buy houses and apartments in the country, following a new rule which took effect on July 1. While Salvatore Passari, an Australian broker, visited Vietnam to observe the realty market only a few times last year, he is coming more frequently this year, since foreign ownership has been approved. Passari is slated to bring around ten Australian customers to Ho Chi Minh City to choose and buy apartments, he told Tuoi Tre (Youth) newspaper on Saturday, while attending the inauguration of the Landmark 81 project in Binh Thanh District. Another broker from Australia, Mark Builksol, has also attended many ceremonies showcasing new realty projects in Ho Chi Minh City recently. Builksol said around 30 of … [Read more...]

Industry and Trade Ministry carries out anti-corruption work

The Ministry of Industry and Trade (MoIT) needs to take more comprehensive and drastic measures to prevent and fight corruption, said Government Inspector General Huynh Phong Tranh. The Government Inspector General, a member of the Central Steering Committee for Anti-Corruption, made the request at a meeting with MoIT leaders on July 23 to supervise anti-corruption efforts at eight units under the ministry. The units are the Market Management Department, Department of Export and Import, the General Department of Energy, the Vietnam Trade Promotion Agency, the Vietnam National Oil and Gas Group (PVN), the Saigon Beer-Alcohol-Beverage Corporation (Sabeco), the Vietnam National Tobacco Corporation (VINATABA) and the Vietnam National Textile and Garment Group (VINATEX). Following the inspections, the working team concluded that drastic approaches have been devised within the ministry’s bodies and enterprises, particularly in measures to prevent and curb corruption. The … [Read more...]

Home-made liquor claims dozens of lives in Vietnam each year

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VietNamNet Bridge – Vietnamese drink 640 million litres of home brew each year, and the practice is spreading, the Viet Nam Association for Anti-Counterfeiting and Trademark Protection, VATAP, has reported. However, most home distilleries have no licences or health-control checks, leading to brews that kill dozens of people each year and hospitalise hundreds of others. About 800 million litres of alcohol is consumed in Viet Nam every year. Of that, 20 per cent is made under industrially approved conditions, while the rest is made and sold from home without any approvals. For instance, there are 250 home-brew distilleries selling alcohol in Vinh Tuong District in the northern province of Vinh Phuc. Another 750 people market the product. The district provides more than 500 litres of home brew for the domestic market every day. No home breweries or places that sell home brew in Vinh Tuong have any Government licences. Most said they had no idea they were necessary, according … [Read more...]

Home-made liquor claims dozens of lives each year

HA NOI (VNS) — Vietnamese drink 640 million litres of home brew each year, and the practice is spreading, the Viet Nam Association for Anti-Counterfeiting and Trademark Protection, VATAP, has reported. However, most home distilleries have no licences or health-control checks, leading to brews that kill dozens of people each year and hospitalise hundreds of others. About 800 million litres of alcohol is consumed in Viet Nam every year. Of that, 20 per cent is made under industrially approved conditions, while the rest is made and sold from home without any approvals. For instance, there are 250 home-brew distilleries selling alcohol in Vinh Tuong District in the northern province of Vinh Phuc. Another 750 people market the product. The district provides more than 500 litres of home brew for the domestic market every day. No home breweries or places that sell home brew in Vinh Tuong have any Government licences. Most said they had no idea they were necessary, according to an … [Read more...]

Made-in-Vietnam goods dominate Hanoi market

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Illustration Image. Photo: VNA A high proportion of products from distribution channels in Hanoi are locally made, unveiled by the Steering Committee for the campaign "Vietnamese people prioritise Vietnamese goods" at a press conference in the city on July 21. Specifically, 100 percent of commodities sold at the Vinatext Mart are made locally. The percentage at Saigon Coop Mart and Big C supermarkets are 93 percent and 90 percent, respectively. Nearly 80 percent of goods sold in rural areas originate in Vietnam. The municipal Department of Industry and Trade has launched a number of programmes to promote Vietnamese products at supermarkets and trade centres. It also created a portal to manage e-commerce activities and encourage e-commerce businesses to sell locally-made products. The campaigns have received a warm response from business players who proactively invest and apply new cutting-edge science and technology to cut production costs and improve product quality. … [Read more...]

Housing credit package disbursement pushed forwards

Over 22,200 households have signed borrowing contracts worth 10.1 trillion VND (466 million USD) with commercial banks under the Government’s 30 trillion VND (1.4 billion USD) housing credit stimulus scheme, said Head of the Department of Housing and Real Estate Market Management Nguyen Manh Ha. Some 43 social housing projects also applied to borrow nearly 6 trillion VND (279 million USD). Of the total, 2.4 trillion VND (111.6 million USD) has been disbursed for 40 projects. Ha said that the Bank for Investment and Development of Vietnam (BIDV) has become the leading bank, loaning to 7,581 households from the credit package with a total value of nearly 7.5 trillion VND (348.8 million USD). BIDV also committed to provide loans worth 3.7 trillion VND (172 million USD) for 22 projects in line with current regulations, which include low-income housing projects in northern Hai Duong province, central Hue city and central Da Nang city. In addition, the Vietnam Joint Stock … [Read more...]

One-day visa eligible enough for foreign housing ownership in Vietnam

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Foreigners and overseas Vietnamese are eligible for housing ownership in Vietnam immediately upon their arrival in the country, if they meet immigration requirements, an official from the Ministry of Construction said on July 17. Vietnam officially approved foreign ownership of house and apartment starting July 1, but many homebuyers of this kind still have questions regarding the requirements, conditions and procedures on house purchases. The Ho Chi Minh City Real Estate Association (HoREA) thus held a conference on July 17 to solicit feedback on the new housing rule from foreign individuals and organizations. Yoshida Akio, head of the Vietnamese representative office of Japan’s Kitakei Co. Ltd., said he and many other Japanese who are working, or going to work, in Vietnam all want to own a house in the country, and even to settle down there. But they are still in the dark about such issues as what kind of visa they need to have to be eligible for the housing ownership, and … [Read more...]

One-day visa eligible enough for foreign housing ownership in Vietnam: official

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Foreigners and overseas Vietnamese are eligible for housing ownership in Vietnam immediately upon their arrival in the country, if they meet immigration requirements, an official from the Ministry of Construction said Friday. What you need to know about foreign ownership of housing in Vietnam Vietnam officially approved foreign ownership of house and apartment starting July 1, but many homebuyers of this kind still have questions regarding the requirements, conditions and procedures on house purchases. The Ho Chi Minh City Real Estate Association (HoREA) thus held a conference yesterday to solicit feedback on the new housing rule from foreign individuals and organizations. Yoshida Akio, head of the Vietnamese representative office of Japan’s Kitakei Co. Ltd., said he and many other Japanese who are working, or going to work, in Vietnam all want to own a house in the country, and even to settle down there. But they are still in the dark about such issues as what kind of … [Read more...]

HCM City former market supervisor receives 13-year jail sentence

Nguyen Cong Danh on the court. – Photo nld.com.vn

HCM CITY (VNS) — The former head of the Son Ky market management board in HCM City was sentenced to 13 years in prison yesterday for committing fraud involving more than VND7 billion (US$318,000). Nguyen Cong Danh, 36, was accused of forging documents related to the market's kiosk use to cheat Huynh Van Phuong of VND5.7 billion ($259,000) over a period of six months, from July to December 2010. Danh and Phuong had planned to speculate on the market's kiosks, hoping to earn a profit. Phuong provided cash for the purchases, while Danh was in charge of selling the kiosks later. After receiving cash from Phuong to buy the kiosks, Danh forged kiosk use documents to fool Phuong and kept the money. Danh used the same trick to cheat Dinh Thi Lap and Pham Thi Sim of VND620 million ($28,000) and VND700 million ($31,800), respectively. The HCM City People's Court ordered Danh to return the money to his three victims. — VNS … [Read more...]

Google appoints new marketing director for Vietnam

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Google has appointed Nguyen Phuong Anh the new marketing head for Vietnam, the American multinational technology company said in an announcement on Wednesday. Before the new position at Google, Anh was the managing director of online fashion retailer Zalora group in Vietnam. She also has over seven years of experience in working across e-commerce, fashion, branding, media, and consumer insights. Replacing Sophie Tran, who has taken on an exciting new global role as the YouTube Creator Marketing Manager at Google Inc., Anh will be responsible for supervising and managing the marketing operations of Google on all products and brand campaigns. "I'm incredibly excited to be part of the Google family and work with amazing people, doing amazing things," Anh was quoted as saying in the announcement. "After working in e-commerce for almost four years using Google products and services on a daily basis, now it's time to explore even more how innovation can improve the ways we live, … [Read more...]

Google appoints new Head of Marketing

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Google has appointed Ms. Nguyen Phuong Anh as its new Marketing Head for Google Asia Pacific. She will be responsible of overseeing and managing Google’s marketing efforts across all products and brand campaigns. Previously she was Managing Director of the Zalora Group in Vietnam and brings over seven years experience in e-commerce, fashion, brands, media and consumer sights. Ms. Phuong Anh began her career in communications design and fashion publishing, working for magazines such as ELLE Vietnam and V Magazine in New York. She discovered a love of technology and marketing when working at Zalora, where she was responsible for driving customer acquisition, business development, and marketing initiatives. She holds a Bachelor of Arts from the University of Applied Science in Berlin, is an active member of Global Shapers Ho Chi Minh City, and is a mentor in various youth and start-up development programs in Vietnam. She replaces Ms. Sophie Tran, who has accepted an exciting new … [Read more...]

Recovery in Vietnam’s property market is real: official

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People visit a housing project's showroom. Photo: Dinh Son Vietnam's real estate market has been recovering thanks to effective government policies, an official said, dismissing concerns that the recent rapid increase in property transactions was caused by speculation. Minister of Construction Trinh Dinh Dung said in a TV interview on Sunday that the government has introduced various solutions to restructure the market, which started freezing in 2010. While he did not completely reject the possibility that speculation still existed, he said the market has been stabilized. "What matters is that we need to control the market so it will not become overheated, resulting in a bubble." The government will "strengthen control" over real estate projects, continue restructuring the market as well as housing projects and products so no sectors will see either redundancy or shortage, according to Dung. A report released by the construction ministry's Department for Housing and Property … [Read more...]

Fake nutritional products flood markets

Police seize many fake nutritional supplements (Photo: SGGP)

Markets for nutritional supplements are mushrooming with thousands of different products. In addition, products are sold not only through multi-level marketing but also currently via pharmacies and supermarkets or even in grocery stores. However, it is alarming that the sale of fake and substandard products mixed with high quality ones seems to be on the rise. Since early June, market management forces in Hanoi have inspected trading of nutritional supplements in pharmacies in the city and detected 82 violations. Inspectors have fined hundreds of millions Vietnamese dong. Lately, many fake nutritional supplements have been detected causing public concern. For instance, on June 24, a special team from the Ministry of Public Security in coordination with the police department's economic crime investigation division (PC46), police in Ho Chi Minh City and some related agencies uncovered 60 containers of fake cosmetics and dietary supplements imported from China but disguised as from … [Read more...]