Despite its huge potential, the competition becomes fiercer than ever. Vingroup’s financial statements over the last few years revealed its retail business has been facing huge losses. The timing coincided with VinCommerce expanding its Vinmart and Vinmart+ networks. … [Read more...] about What’s behind Masan-Vingroup merger?
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China, which was Vietnam’s biggest rice consumer, reduced the amount of rice it imported from Vietnam to 9,500 tons, worth $4.5 million, in the first two months of the year, a sharp decrease of 95.14 percent and 95.48 percent, respectively, compared with the same period last year. … [Read more...] about Farm exports meet barriers on the way to China
According to the taxi associations, the regulation that ride-hailing vehicles with fewer than nine seats must install rooftop light boxes had received the support of 25 out of 26 members of the Government cabinet, but it has finally been removed from the draft decree. … [Read more...] about Drivers oppose identification badge proposal
From a price level of approximately VND90,000 per kilogram in mid-December last year, the prices of pigs in the markets of provinces and cities in the Central of Vietnam, on average, have declined by VND5,000-VND10,000 per kilogram, depending on each area, leading to a decline in the prices of pork, especially at wholesale markets, in this region. Mr. Nguyen Van Tam, a butcher at Hoa Xuan Market, said that the prices of pork climbed in November and early-December last year but started to drop since mid-December last year. However, the consumption of pork was not high. Mr. Ho Ky Minh, Vice Chairman of the People’s Committee of Da Nang City, has instructed suppliers to increase collecting pork to meet market demand, ensure maximum supply at price-stabilized stores at markets in the city and encourage people to use frozen pork sold at supermarkets. Besides, the pork price stabilization program of the Department of Industry and Trade of Da Nang City has been run with prices VND5,000 … [Read more...] about Central provinces stabilize pork price after ASF outbreaks
As the leading media agency in Vietnam, VOV will maximize its efforts to further foster the startup movement in areas where ethnic minority groups live. VOV will popularize outstanding examples and the startup spirit of ethnic minority groups through the nationwide "Ethnic Minority Startup" program. … [Read more...] about VOV inspires startup spirit among ethnic minority youths