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As new changes introduced since November at Tan Son Nhat International Airport in Ho Chi Minh City, which inhibit ride-sharing vehicles from picking up passengers in front of the domestic terminal, has caused major inconvenience to customers, ride-hailing firm Grab proposes a solution where app-based cars pay an extra fee to gain access to a dedicated pick-up lane. … [Read more...] about Grab proposes pay-per-entry lane dedicated to app-based cars at Saigon airport

One of the largest MLM enterprises in Vietnam, Stella Ivy Cosmetic will continue operations under a new name Stella Ivy Cosmetic Co., Ltd., a distributor of Oriflame-branded products, which used to be one of the four multi-level marketing (MLM) companies with the largest revenue in Vietnam, officially stopped operation after its license expired. Subsequently, it established a new legal entity named Oriflame Vietnam Co., Ltd., operating under the same direct sale model. … [Read more...] about MLM enterprises dodge licencing by setting up new entities

He added that the application of electronic system has helped to reduce the time for customs clearance of a batch of goods from 3-6 hours. For instance, customs clearance time in Vietnam in 2020 dropped from 58 hours to 55 hours for exported commodities while it fell from 62 hours to 56 hours for imported goods; therefore, cost of direct clearance in the border gate went down by US$19 per batch of goods. … [Read more...] about Enterprises save over $200 million for electronic customs procedure application

Hanoi (VNA) – Politburo member and Secretary of Hanoi’s Party Committee Vuong Dinh Hue asked foreign hi-tech groups to consider investing in the city’s existing industrial zones, including the Hoa Lac Hi-Tech Park, while receiving representatives from FDI enterprises operating in the high technology industry on January 19. Hue encouraged the Kinh Bac City Development Holding Corporation (KBC) to invest in industrial zones in Soc Son and Dong Anh districts to attract more foreign businesses. He expressed his hope that major technology groups will set up search and development (R&D) and innovation centres in Hanoi in the way the Republic of Korea’s Samsung Group has done. The official highlighted the fact that the capital city is home to 82 percent of universities, 65 percent of scientists and 80 percent of key scientific and technological research potential of the country. At the working session, leading officials of Heesung Electronics, Goertek … [Read more...] about Hanoi calls on foreign firms to invest in industrial zones

“With consumer buying habits and expectations evolving so quickly, this initiative is just one of the ways that Mastercard is fostering financial inclusion and helping small businesses to go digital across their operations to reduce costs, increase efficiency and improve cash flow management – all while staying safe and protected from cyber risks and fraud,” said Malhotra. … [Read more...] about Mastercard launches one-stop resource site to support SMEs’ digital transformation in Asia Pacific