7265 commerce center drive

Vietnam has seen rapid growth in e-commerce in recent years, and demand for express delivery services is growing commensurately. (Photo courtesy of J&T Express) HCM City (VNS/VNA) - The growth in the e-commerce market, B2C deliveries and international trade services is expected to drive express delivery services in Vietnam, experts said. Specifically, Vietnam’s express delivery services market was worth 0.71 billion USD last year, and is projected to grow at 24.1% a year to reach 4.88 billion USD by 2030. According to a market report by Acclime Vietnam and Kantar Worldpanel, though Vietnam is less developed than many other e-commerce markets in Southeast Asia, it is one of the fastest growing online economies. It had the fourth highest online gross merchandise value of 13 billion USD in the region last year. Its exceptional e-commerce growth is expected to generate 39 billion USD by 2025, second in the region only after Indonesia, and representing a threefold growth … [Read more...] about Demand for express delivery all set to boom: experts

Business strategies including brand and tenant positioning and product diversification are being evaluated as critical success factors for shopping mall developers. The three biggest commercial space developers in Vietnam – Vincom, Lotte, and AEON – are all following this path. AEON wants to continue its aggressive expansion plans over the next few years in this country According to the latest data published by Vingroup’s Vincom Retail Company, the group currently owns 81 shopping centres, with two new Vincom Plaza shopping centres expected to open this year. Pham Thi Thu Hien, deputy CEO of Sales and Marketing for Vincom Retail, said, “In 2021, despite the difficulties posed by the pandemic, Vincom Retail still had many tenants around the world and they have high expectations for the Vietnamese market. Large companies have asked us to formulate a long-term development plan but domestic tenants have said that they are confident in the lease plan for the next 1-3 … [Read more...] about Retailers jostle for superiority

Innovation in the public sector will drive and promote the development of the private sector, thereby improving the competitiveness of the economy. Vietnam has announced a Public Sector Innovation Index (PII) framework in order to promote innovation in the public sector to boost the economy's competitiveness. An overview of the workshop. Photo: Phi Khanh The PII, initiated by the Vietnam National Innovation Center (NIC) under the Ministry of Planning and Investment in collaboration with the United Nations Development Program, targets local agencies, ministries, and sectors that can self-assess and improve innovation capacity. The index is aimed to provide an overview in conceptualizing and measuring innovation in the public sector, measuring the innovation capacity of public organizations, helping policymakers understand different levels of innovation and dynamics in different parts of public sector organizations, and serving as a basis for agencies and … [Read more...] about Vietnam to assess innovation in public sector

The partnership will drive socio-economic development by benefitting more than 200,000 students and equip them with skills to thrive in an increasingly competitive global market. The United States on August 1 launched a five-year, US$14.2-million partnership with three leading Vietnamese universities to strengthen higher education in Vietnam. The funding, through US Agency for International Development (USAID), is part of the Partnership for Higher Education Reform announced by Vice President Kamala Harris during her visit to Hanoi in August 2021 will collaborate with universities, key government officials, and industry partners in Vietnam. Under the USAID-supported project, US partner Indiana University will work with Vietnam’s three largest universities including Vietnam National University-Ho Chi Minh (VNU-HCM), Vietnam National University-Hanoi (VNU-HN), and the University of Danang (UD) to improve their academic quality, enhance institutional governance, and enable … [Read more...] about US helps strengthen Vietnam’s higher education in US$14-million partnership

The capital has left a good impression on Southeast Asia sports delegations and international reporters attending the 31st Southeast Asian Games (SEA Games 31). Foreign correspondents and athletes attending the 31st SEA Games shared with The Hanoi Tim es their profound feelings about Hanoi - the warm and thoughtful welcome the city has accorded them. Hanoi welcomes delegates attending the SEA Games 31. Photo: Duy Khanh/ The Hanoi Times Ahmad Munawwar Helmi Salim, medical team leader for the Malaysian sports delegation: Impressed with the strong development of Hanoi Ahmad Munawwar Helmi Salim, medical team leader for the Malaysian sports delegation. Photos: Do Huong This is the first business trip of our delegation after a long period of the Covid-19 pandemic. We have about 40 medical staff including doctors and nurses attending the event. The schedules and locations of the competitions held in Hanoi and some neighboring … [Read more...] about [Hanoi-SEA Games 31] Hanoi gives SEA Games 31 warm, thoughtful welcome

The National OCOP program for 2021-2025 has been approved by the Standing Deputy Prime Minister Pham Binh Minh. Vietnam targets reaching at least 10,000 products being rated by the national One Commune One Product program (OCOP) with three stars or more by 2025. A local worker at Anh Huong facility in Bat Trang pottery village, Gia Lam District. Photo: Duy Khanh The specific goal was set out in the National OCOP program for 2021-2025, which was approved by the Standing Deputy Prime Minister Pham Binh Minh on August 2. The program aims to bolster rural economic development towards sustainability. Among the ranked products, there are about 400-500  rated as five stars during the period. The country will prioritize upgrading at least 50% of OCOP products as well as promoting others in association with building brands and developing rural tourism services. According to the program, the country strives for at least 40% of OCOP entities to be cooperatives and … [Read more...] about Vietnam targets 10,000 OCOP products by 2025

The pandemic has accelerated an already strong shift towards digital across the world, redrawing how we live, work, and pay. Visa’s Consumer Payment Attitudes 2021 study shows that over half of Vietnamese consumers now regularly shop online and expect to be able to pay by card or mobile even in small physical stores. “As the architect of many of the solutions enabling this change, Visa is leveraging its world-leading digital expertise to make sure this transformation is inclusive and equitable,” said Dung Dang, Visa country manager of Vietnam. “We believe the digital economy will create global prosperity because economies that include everyone everywhere.” Innovation Workable strategies to go digital and embrace innovation are becoming essential. Around 90 per cent of small businesses with a digital presence attributed their pandemic survival to e-commerce, according to the 2022 Visa Global Back to Business Study. Visa is heavily invested in creating an ecosystem of … [Read more...] about Visa paving the way to an inclusive digital economy

New potential and trends The Indochina Kajima Development Company, a joint venture between Indochina Capital and Kajima Corporation, recently launched an industrial real estate investment and development platform focused on the nationwide roll out of factory and warehouse properties for lease throughout the country’s key manufacturing and logistics markets. The Core5 Vietnam platform ( www.c5ip.vn ) plans to offer industrial assets of some US$1 billion in the next 5-7 years. Germany’s Framas Group has rented a ready-made factory area of ​​20,000 square meters in the KTG Industrial Nhon Trach 2 project (Dong Nai Province). Framas specializes in the production of high-quality plastic parts for customers such as Nike and Adidas. According to Fabian Urban, Head of Footwear Technology at Framas Vietnam, Vietnam was chosen as a factory site because of its superior facilities compared to other locations. The establishment of the new factory is part of the group’s strategy to … [Read more...] about Industrial real estate market recovers strongly

Police in Binh Dinh Province, south-central Vietnam are investigating a case in which a 29-year-old car driver hit three teenagers on a motorbike, killing two, after they appeared to intentionally block his way on Wednesday. The third teenager suffered injuries, according to Colonel Vo Duc Nguyen, director of the Binh Dinh Department of Public Security. Tran Xuan Hai, 29, a resident of Hoai An District, Binh Dinh, was driving his four-seater car to his wife’s house when Vo Phan Hoai Bao, 15, Nguyen Quoc Viet, 17, and Ngo Quang Linh, 16 – all from the same district – stopped their motorbike in front of Hai’s vehicle. Hai then drove his car into the back of the motorbike, killing Bao on the spot. Viet died en route to a medical center and Linh was injured. Colonel Nguyen said police officers are carrying out an investigation to determine whether or not the crash was intentional. Like us on Facebook or follow us on Twitter to get the latest news about Vietnam! … [Read more...] about Vietnamese driver investigated following car crash that killed two teens

The figure included the 885 million USD equity purchase of Korean KEB HANA Bank for 15 percent stake of the Bank for Investment and Development of Vietnam (BIDV) announced on July 22. Since 2018, Vietnam has emerged as a big M&A market in the Southeast Asian region with many big value deals. Total M&A value last year reached 7.64 billion USD, down 25 percent compared to 2017’s record value of USD 10.2 billion. However, if excluding the USD 5 billion deal of ThaiBev’s purchase of Sabeco’s equity in 2017, the 2018’s M&A value still increased by 41.4 percent year-on-year. Dang Xuan Minh, General Director of AVM Vietnam, said foreign investors were seeking opportunities in the consumer goods manufacturing and real estate industries in Vietnam to capitalize on the huge market of more than 96 million people. “At a Bloomberg’s investment conference in Thailand recently, many foreign investors expressed their keen interest in Vietnam’s market and want to seek opportunities … [Read more...] about M&A value reaches USD 5.43 billion in seven months