Đàm Tiến Thắng, deputy director of Hà Nội Department of Industry and Commerce talks to the newspaper Hà Nội Mới (New Hà Nội) about the city’s plan to modernise its industry. Will you please tell us some of the important points on industrial clusters’ development from now to 2020 and beyond to 2030? Planning and development of industrial clusters is an important component in Hà Nội’s strategy for its socio-economic development. The development of a modern industry with strong competitiveness and causing less pollution is a salient point in the strategy. In the course of development, the city will focus more on industrial branches and products using advanced technology. Another important task the City will focus on is making a change in the labour structure and giving technical training to workers to help them acquire new technique in their production. Last but not least, the City will try to … [Read more...] about Industrial clusters helps Hà Nội improve its competitiveness
Competition
Fierce competition between convenience stores
After spending time to understand the market and trends in consumption in Vietnam, in middle of January, 2018, GS25, South Korea’s leading convenience store chain , opened its first convenience store. So far, five other outlets had been opened in Ho Chi MInh City. GS25 Vietnam manager Yun Ju Young said that each of GS25’s store locates in the area of 130 square meter selling 1,600 items including ready-made processed food, consumer goods. Of which 30 percent are Korea-made goods while 60 percent are Vietnamese-made commodities and the remaining come from different nations. GS25 focus on young consumers who are busy and need fast -moving services. Moreover, GS25 invested in building a food producer in the Mekong delta province of Long An to supply 20,.000 fast food in its chains in the Southeast Asian country. Before, in June, 2017, 7-Eleven opened its inaugural Vietnam store attracting long lines of customers queuing to enter the store. After a short time, 7-Eleven … [Read more...] about Fierce competition between convenience stores
Malaysia to put Grab on anti-competition watchlist
Malaysia said on April 2 that it will put Grab on the anti-competition watchlist after rival Uber offloaded its Southeast Asian operations to the Singapore-based taxi firm (Photo: www.thestar.com.my) Kuala Lumpur (VNA) - Malaysia said on April 2 that it will put Grab on the anti-competition watchlist after rival Uber offloaded its Southeast Asian operations to the Singapore-based taxi firm. Malaysia's Competition Commission will keep tabs on Grab, especially if the company imposes unfair practices or suddenly increases fares, a government minister said. According to Malaysian Minister in the Prime Minister’s Department Nancy Shukri, the inspection is necessary to ensure fair competition in transport services. If there is any anti-competition behaviour, the Competition Act will come into force, she stressed. She said Grab, which is valued at about 6 billion USD, had guaranteed during their meeting last week that there would be neither unfair pricing nor fare increases. … [Read more...] about Malaysia to put Grab on anti-competition watchlist
Philippines, Malaysia put Uber-Grab deal under anti-competition scrutiny
Philippines and Malaysia said on Monday they will look into whether Uber Technologies' move to sell its Southeast Asian business to ride-hailing rival Grab hinders competition, days after Singapore began a probe into the deal on similar concerns. The expanded scrutiny of the deal in Southeast Asia could pose a major hurdle to the U.S. firm's attempt to improve profitability by exiting its loss-making regional operation. It also comes as Grab is set to face tougher competition from Indonesian rival Go-Jek. In a rare move, Singapore last week proposed interim measures to require Uber and Grab to maintain their pre-transaction independent pricing until it completes a review of the deal, saying it had "reasonable grounds" to suspect that competition had been infringed. "The Grab-Uber acquisition is likely to have a far reaching impact on the riding public and the transportation services. As such, the PCC is looking at the deal closely," the Philippine Competition Commission (PCC) said in a … [Read more...] about Philippines, Malaysia put Uber-Grab deal under anti-competition scrutiny
Malaysia puts Grab on anti-competition watchlist after Uber stake buy
Malaysia said on Monday that it will monitor ride-hailing firm Grab for possible anti-competitive behaviour, after rival Uber Technologies Inc offloaded its Southeast Asian operations to the Singapore-based firm. Uber’s deal to take a 27.5 percent stake in Grab in exchange has raised a red flag with Singapore’s competition watchdog, which said on Friday it was investigating a suspected breach of competition law. Malaysia’s Competition Commission would keep tabs on Grab, especially if the company imposed unfair practices or sudden fare increases, a government minister said. “We won’t take it lightly. We will monitor this because it is still early days and we don’t know what will happen next,” said Nancy Shukri, whose portfolio oversees the public transport licensing authority. “We have stressed that if there is any anti-competitive behaviour, the Competition Act will come into force. We have spelt this out to them,” Nancy said, … [Read more...] about Malaysia puts Grab on anti-competition watchlist after Uber stake buy