Microsoft officially appoints new country manager in Vietnam


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


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


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


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


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...]

Real estate inventory falls in April

Real estate inventory reduces in(Photo: SGGP)

The Housing and Real Estate Market Management Agency under the Ministry of Construction has reported that real estate inventory dropped over 46 percent in April. As of April 20, the total inventory level was valued at VND68,782 billion (US$3.17 billion), down VND59,766 billion or 46.49 percent from a month ago. The inventory included 13,671 apartments worth VND20,885 billion, 9,426 houses worth VND16,347 and 8,389,000 square meters of housing land worth over VND27 trillion. The number of successful transactions reached 1,600 in Hanoi and 1,500 in Ho Chi Minh City in April, up 10 percent and 15 percent over March respectively. They comprised 70-90 square meter apartments, housing land and small houses. … [Read more...]

U.S. chicken imports halted, supermarkets reply on local supplies

Chicken products of Ngoc Ha Co. are sold at a supermarket in HCMC. Many supermarkets find suppliers of chicken products after frozen chicken imports from the U.S. are suspended - PHOTO: TL

Quyen Hung Nguyen Xuan Binh, director of the Veterinary Agency Zone 6 under the Animal Health Department, said the chicken import suspension started on May 1. The frozen chicken imports in the past time were mainly from the U.S. and Brazil. Vietnam temporarily halted frozen chicken imports from South Korea early last year after news about bird flu outbreaks in the northeast Asian country. Some supermarket chains have called off importing frozen chicken from the U.S. and are looking for alternative sources on the domestic market. Vo Hoang Anh, marketing manager of Co.opmart supermarkets, said the supermarket chain bought chicken from the U.S. in large quantity and sales were quite good. However, it now counts on local suppliers. Ho Quoc Nguyen, public relations manager of Big C, said the suspension does not affect chicken supply at the supermarket chain as it mainly sells chicken products of local enterprises, including Son Ha Co. Lotte supermarkets are seeking local … [Read more...]

Press digest – May 07

Major orientations decided at CPVCC meeting The 11th plenary session of the Communist Party of Viet Nam Central Committee (11th tenure) wrapped up Ha Noi on May 7 after four working days. During the meeting, the participants discussed personnel plan for the 12th tenure of the Party Central Committee, number of delegates to attend the 12th National Party Congress, local government model, and Long Thanh International Airport project. MoU signed on developing competitive electricity market The Electricity Regulatory Authority of Viet Nam (ERAV) and the US Bureau of Energy Resources (ENR) signed a Memorandum of Understanding (MoU) on providing technical support to develop the competitive electricity market in Viet Nam. Head of the ERAV Nguyen Anh Tuan said the MoU will contribute to boosting the electricity market in Viet Nam by ensuring fair competitiveness and transparent prices while raising the effectiveness of power projects. VN becomes RoK’s third largest export … [Read more...]

Breakfast @ Tuoi Tre News – May 8


Tuoi Tre News briefs you on some of the leading stories published today in Vietnamese media: -- The 11th Party Central Committee on Thursday concluded its 11th session, making decisions on a number of major issues including the personnel structure of the 12th Party Central Committee which will be decided at the 12th Congress next year based on common requirements stipulated in Party resolutions, said Party General Secretary Nguyen Phu Trong at his closing speech for the event. -- Matt Salmon, Chairman of the Subcommittee on Asia and the Pacific of the Committee on Foreign Affairs of the US House of Representatives, on Thursday said at a press conference in Hanoi that he was pleased after wrapping up his the four-day working visit to Vietnam, expressing his support for the future conclusion of the Trans-Pacific Partnership (TPP) agreement as Vietnam could benefit more from the agreement. -- Medardo Gonzalez, General Secretary of El Salvador’s Farabundo Marti National … [Read more...]

Ho Chi Minh City works to prevent goods smuggling

Ho Chi Minh City’s market management force has inspected 68 business and goods-contribution units since the beginning of May, seizing over 8,370 smuggled cigarette packets and 11 motorcycles. Accordingly, a large number of outlets trading cigarettes without business registration certificates and regular documents and those with illicitly transported and traded cigarettes were discovered. The force reportedly checked 36 enterprises and business establishments trading in imported goods without invoices, seizing over 9,100 units of products, mainly toys, bags, cell phones, textiles and motorcycle parts. In Ben Thanh, Tan Binh and Binh Tay markets and a number of main transport routes, the force uncovered 8 cases of smuggled cosmetics, seizing 5,500 units of products. Nguyen Van Bach, Deputy General Director of the municipal Market Management Department, said his agency will intensify inspections while implementing appropriate measures to swiftly detect smuggling. As part … [Read more...]

Image: The foreign currency market at Vietnam-China border


VietNamNet Bridge - For years, the foreign currency exchange market in Mong Cai border area of Quang Ninh province has been a bustling one with hundreds of exchange points. This market is located in Tran Phu ward, Mong Cai city. In 1995, after building two blocks of stalls, the market management board leased these stalls. So far, there are 88 registered currency exchange points in the market. Most of the stall owners are women. However, there are no guards or police officers in this market. According to the market management board, currency exchangers have to pay fixed charges and rent (VND 250,000/month). The exchange of money here almost has no receipts. Most customers are Vietnamese tourists who travel to China. There are many currency exchange points around the market. There are many currency exchangers on the sidewalks of streets in Mong Cai city as Tran Phu, Hung Vuong ... At these points, one Chinese renminbi is exchanged for VND 3.400- 3.500. Several years ago the State … [Read more...]

Tax Cut to Keep Petroleum Price Unchanged


The Ministry of Finance recently issued Circular 48/2015/TT-BTC to change import - export duties on petroleum products. Accordingly, preferential import tariffs on gasoline and kerosene were reduced from 35 percent to 20 percent. The rate on diesel oil was slashed from 30 percent to 20 percent; fuel oil from 35 percent to 25 percent; and jet fuel from 25 percent to 10 percent. Circular 48 also revised preferential import taxes on ethanol products (E5 and E10) and biodiesel (B5 and B10) to 20 percent to encourage domestic production and blending of biofuels. The move aimed to keep petroleum prices unchanged, protect consumers’ rights and benefits, as well exercise duties of petroleum traders when environmental protection tax increases from May 1. Circular 48 took effect on April 14, 2015 and matched with Decree 83/2014/ND-CP of the Government on minimum mandatory petroleum reserve of 30 days. Da Nang seeks to prevent tax loss The People’s Committee of Da Nang City … [Read more...]

Social News 23/4


Chinese sweets turn sour More than 700 kilograms of confectionary products suspected of being smuggled from China were seized today, said the Ha Noi Market Management Bureau. A truck was spotted by police under Long Bien Bridge in Hoan Kiem District waiting to deliver a supply of 18,000 sweets products. Driver Pham Van Hung, from Hai Phong City, allegedly failed to present legal documents proving the origin of the goods. He admitted being hired by a yet unidentified person to transport the Chinese confectionary products from Hai Phong to Ha Noi. The case is under further investigation. Thief gets death penalty for killing 3 people A dog thief was yesterday sentenced to death for killing three people, while he and his accomplices were attempting to steal dogs. En route to the local market to sell three stolen dogs on June 14 last year, Ho Van Hieu, 20, from Hooc Mon District, was spotted by three residents, who had chased him on a motorbike to make him stop. Hieu reportedly … [Read more...]

Illegal tours hit authentic tourism services in Khanh Hoa


Major tour companies are scaling back operations in Khanh Hoa Province’s Nha Trang City as the number of Russian tourists coming to Vietnam dwindles and small, unlicensed operators, undercut the market. A foreign person illegally acting as a tourist guide at Ponagar Tower, Nha Trang City Anex Vietnam, one of two travel firms dealing directly with Russian tourists to Khanh Hoa, said it was halting flights from Russia from May 20. Nguyen Ngoc Luong, the marketing manager of Anex, said the company had since last November been handling an average of 12,000 Russian tourists a month, generating tourism revenue of VND300bn a month for the province. Due to the weak rouble since the beginning of this year, Anex has had to cut tour prices, but could not compete with unlicensed operators taking its business. "We lose about USD720,000 a month," Luong said. A number of Russians were openly offering cheap tours in Nha Trang City at up to half the price of the majors, setting up currency … [Read more...]

Make for Vietnam: How US cafe and fast-food chains adapt to local tastes

Customers at a Starbucks cafe in downtown Ho Chi Minh City on April 21, 2015. Photo: Thao Vi

When Starbucks opened its first outlet in Vietnam in early 2013, many said the US chain would have a hard job convincing locals to switch from stronger coffee at the simple cafes that line almost every city street and the more sophisticated outlets run by local chains Trung Nguyen and Highlands Coffee. Today the world’s largest coffee chain has eight stores in Ho Chi Minh City and four in Hanoi. While the company does not disclose its revenues or growth rate, its cafes are crowded every evening. Many young people say the light-flavored coffee is never an issue as they go to Starbucks mainly for the cool and trendy experience. Moreover, they can drink chocolate, juice, or tea instead of caffè mocha or frappuccino, they point out. The US coffee giant has an offering for Vietnamese only. Last month it launched dolce misto, which was created to "bring Vietnamese customers a unique and delicious drink whose flavor is familiar to them," Chi Nguyen, marketing manager of Viet … [Read more...]

Smuggling, trade fraud worsen along northern border


A view of the working session. (Photo: VNA) Smuggling and trade fraud has become increasingly complicated across the northern border, officials proclaimed during a working session on April 21. During the session, the National Steering Committee on Prevention and Control of Smuggling, Trade Fraud and Fake Commodities office (Committee 389) presented its report, saying a total of 6,491 violations were detected with fines amounting to more than 230 billion VND (10.7 million USD). The legal system has begun proceedings against 936 individuals involved in 675 cases, it said. Participating officials observed smuggling operations have constantly evolved to avoid easily disrupted patterns and to make catching them in the act more difficult. They have shifted away from long known hot spots and shipped goods by water and air rather than solely by road. They work as well-organised rings and have become more aggressive. Participants went on to discuss efficient measures to countering … [Read more...]

Czech Republic eyes expanded trade cooperation with Vietnam

Enterprises from the Czech Republic wish to step up trade cooperation with Vietnam and expand together into global markets, Manager of the Czech and Moravian Electrical and Electronic Association (EIA) Jan Proks told the Vietnam Economic Times. Proks, accompanied by Czech firms, is in Hanoi for the 25 th Vietnam International Trade Fair (Vietnam Expo 2015) between April 15 and 18. The Czech Republic has maintained a strong relationship with Vietnam for more than 60 years, and many overseas Vietnamese consider the country their second home, the EIA chief said. According to Proks, the European nation has a strong manufacturing industry, focusing on electrics, energy and materials for machines, metallurgy, automobiles, food and beverages and traditional glass and crystal products. Its main buyers include European Union (EU) member states, notably Germany, alongside China, Russia, the Middle East and Vietnam. The country has primarily shipped machines and electrical products to … [Read more...]

Fake goods threaten local producers

Tu Hoang Le The Bao, chairman of the Vietnam Association for Anti-counterfeiting and Trademark Protection (VATAP), told the forum that counterfeits are widely seen on the local market and threatening 30 groups of consumer goods, including cosmetics, beverages, electronic and electrical products, interior decorations and clothes. "Fake goods have hurt the economy," Bao told the forum organized by the Government’s portal. Beverages, cosmetics, apparel and fertilizer were among the popular fake goods detected last year, according to Nguyen Trong Tin, deputy dead of the Market Management Department at the Ministry of Industry and Trade. Tin said market monitors seized 4,000 boxes of fake alcohol and beer, over 439,000 cosmetics items, 70,000 apparel products, 25,000 kilograms of fertilizer and 30 tons of monosodium glutamate last year. However, Tin said only 11 out of over 21,000 violation cases found last year were turned over to investigation agencies and the remainder … [Read more...]

Firms advised to invest in e-commerce

Vietnamese companies should seek to expand exports through e-commerce, which is becoming an effective channel for approaching importers. Experts said that import demand from developed countries was huge and these were markets where e-commerce was dominant, adding that e-commerce could help also save costs and result in greater efficiency for exporters, compared with the traditional trade transaction channels. However, the gap in the application of e-commerce remains considerable between developed and developing countries, experts said, urging Vietnamese firms, especially small and medium-sized companies, to grasp the chance of exploiting e-commerce to expand markets as e-commerce was growing rapidly. According to Tran DinhToan, Deputy Director of OCB Technology and Investment Company, e-commerce is an effective tool for export firms to explore new markets and expand into them. Toan pointed out that many export firms in Vietnam have approached importers and signed contracts … [Read more...]

Social News 12/4

WB project helps Hanoi cut red tape surrounding land use rights Hanoi has accelerated the process of granting land use rights, with more than 40,500 certificates issued for commercial housing projects in 2014. The result is attributable to the implementation of the World Bank-funded Vietnam Land Administration Project (VLAP) across Dan Phuong, Quoc Oai and Ung Hoa districts since 2008. To date, the project has processed the registration for 404,481 out of 454,480 local plots and granted 260,418 land use rights certificates. The VLAP aims to increase stakeholder access to land information services by developing an improved land administration system in selected provinces. The objective is to ensure that land users, including businesses and households, have access to more efficient, reliable, and transparent services from local land administrators. The municipal VLAP management board is completing a package deal to build digital data for all plots across 66 participating communes and … [Read more...]