HCMC police are hunting for five of seven men flown in from South Korea to beat up a friend’s business rival. Two of the seven men, Im Tae Woon, 24, and Lee San Ha, 20, were detained on Friday. Police said a dispute between Park Gun-huk and Min Kyung-man, two South Korean businessmen living in the Thao Dien neighborhood of District 2, sparked the surprising act of violence. Park called his “friends” from South Korea to fly over to Ho Chi Minh City and take revenge on his rival. The men bought six hammers and a bundle of plastic zip ties in a pre-dawn attack on Min Kyung-man’s house. They tied up Min and other people in his house before hitting them with hammers. The victims’ screams alerted neighborhood security guards who called the police. While Im and Lee were caught, others escaped with two cell phones, VND30 million and other valuable properties. The people in Min’s house were rushed to a local hospital for treatment. One man, Park Jung-ji, … [Read more...] about South Korean men fly to Ho Chi Minh City, beat up friend’s rival
Business beat
BUSINESS NEWS IN BRIEF 19/10
Norwegian solar companies seek cooperation opportunity in Vietnam A group of Norway’s leading solar companies attended a Norwegian Solar Seminar in Hanoi on October 15 to look for cooperation opportunities with local partners in the solar energy sector. The event is co-organized by Royal Norwegian Embassy and Power Engineering Consulting Joint Stock Company 1 (PECC1), under the Electricity of Vietnam (EVN) with the attendance of Norweiginan Ambassador designate, Ms Grete Lochen, Commercial Counsellor Mr Harald Naevdal, General Director of EVN PECC1 Mr Pham Nguyen Hung, representatives from the Ministry of Industry and Trade, and over 70 participants from the EVN and its subsidiaries, independent power plant owners, construction companies, private investors from Vietnam and Laos, suppliers and consultants and other stakeholders. At the seminar, an energy consultant of the World Bank presents an overview of Vietnam’s solar energy, highlighting the achievements of … [Read more...] about BUSINESS NEWS IN BRIEF 19/10
Keeping your business ahead in the digital age
Grant Dennis Obstacles for ASEAN and Vietnam Fifty years after its establishment, the ASEAN has become one of the fastest-growing and most dynamic regions in the world. The region is still expected to outperform average global growth and is estimated to expand by 5.3 per cent in 2018, led by emerging economies such as Vietnam, which is projected to grow by 6.9 per cent, according to the Economic Outlook by the Organisation for Economic Co-operation and Development (OECD). However, new technologies such as the Internet of Things, advanced robotics, and artificial intelligence (AI) could threaten this growth story in the longer term – unless ASEAN markets start preparing themselves for the shift. The ASEAN’s core value proposition, low labour costs, will fade away over the coming decades, as protectionist sentiments and new technologies rise. These factors will keep more production within the shores of the developed parts of the world. Moreover, there is still a gap … [Read more...] about Keeping your business ahead in the digital age
Pressure-free Osaka gets back to business
Pressure-free Osaka gets back to businessThe Saigon Times Daily Naomi Osaka of Japan celebrates her win over Lesia Tsurenko of Ukraine in a quarter-final match on day ten of the 2018 U.S. Open tennis tournament at USTA Billie Jean King National Tennis Center in New York, NY, USA September 5, 2018 – PHOTO: REUTERS NEW YORK (REUTERS) - Naomi Osaka seemed to shrug off the weight of history on Wednesday, when she beat Lesia Tsurenko at the U.S. Open to become the first Japanese woman since 1996 to advance to the semi-finals of a Grand Slam. After forcing her opponent into a backhand error to clinch the match 6-1 6-1, Osaka neither cried nor cheered — the 20-year-old simply pumped her fist, smiled and shook hands with her beaten competitor. It was a departure from her tearful fourth-round victory over Aryna Sabalenka and a reflection of the new mentality Osaka is embracing as she advances in the tournament. “For me I feel like I was much more emotional for the … [Read more...] about Pressure-free Osaka gets back to business
Vietnam’s football coach opens up opportunities for South Korean businesses
"Even in the first meeting, clients first say, 'Thank you,' which makes business a lot easier,” says Chung Jae-woo, who’s with the Pohang Iron and Steel Company (POSCO) Vietnam. Chung said getting new clients is a lot easier now thanks to the rising popularity of the Vietnamese men’s football team’s South Korean coach, Park Hang-seo. Park’s popularity has soared after the nation’s football team defied expectations and predictions by sport analysts to reach the Asian Games semifinal on Wednesday. This has prompted many South Korean businesses in Vietnam to deploy new marketing tactics, the Korea Times reported Thursday. After Vietnam beat Syria 1-0 in quarterfinal on Monday, thousands of people took to the streets of Hanoi to celebrate the win. Park Hang-seo, unsurprisingly, took the spotlight and was feted as a national hero for having guided the team to victory. “I’m so pumped up, I kept crying all night long,” football fan Nguyen … [Read more...] about Vietnam’s football coach opens up opportunities for South Korean businesses