Curb spread of virus

Many retailers in phone and electronics segments focus on developing online channels to survive during the coronavirus pandemic period. To survive adverse effects of the coronavirus pandemic, many Vietnamese tech retailers have quickly boosted their sales on online platforms as their physical stores nationwide have to close until April 15 to comply with the prime ministerial directive stipulating measures to combat the pandemic. Photo: MWG Significant demand on tech products Mobile World Investment JSC (MWG), the largest tech retailer in Vietnam, saw a surge in demand in online shopping since the beginning of April as more than 10% of its 2,000 phone and electronics stores, mainly in Hanoi, have to close. Dang Thanh Phong, PR manager of MWG, told Hanoitimes that its revenue from online sales accounted for 13% of the total phone and electronics revenue in March, higher than that of the previous months. Due to the closure of its stores, sales in … [Read more...] about Vietnamese tech retailers manage to survive Covid-19 pandemic

Tam Dao District in the northern province of Vinh Phuc has faced serious flooding following torrential heavy rains that brought a record amount of rainfall in 60 years. Military officers join in rescue work during the floods in Tam Dao on May 24 A report from the Tam Dao District People's Committee said that the area saw intense rain from May 22-24, which has caused several dams to break, inundating many houses in Hop Chau Town and the communes of Ho Son, Dai Dinh, and Minh Quang. "More than 20 kilometres of roads in the area were deeply submerged or blocked by landslides," the report said. "Over 170 hectares of fruit trees, vegetables, and rice have been damaged. The total losses are estimated at about VND3 billion. In an inspection of some flooded sites in Hop Chau Town on May 25, the chairman of Tam Dao District People's Committee Dinh Van Muoi asked local authorities to take urgent measures to curb the flooding and ensure … [Read more...] about Tam Dao heavily flooded after 60-year record rainfall

Vietnamese Ambassador to Germany Vu Quang Minh (front row) at Schaeffler headquarters where the seminar takes place (Photo: VNA) Berlin (VNA) – The German Asia-Pacific Business Association (OAV) has held a seminar on business and investment in Vietnam, attracting the participation of many German firms. Addressing the May 25 event in Bayern state, Ambassador Vu Quang Minh introduced the countries’ cooperation and its growth potential. According to the diplomat, Vietnam and Germany have all necessary collaboration frameworks, including the EU-Vietnam Free Trade Agreement which took effect in August 2021. Meanwhile, Vietnam is among the countries with the most favourable FDI laws in the region and the world, and also one of the fastest recovering economies from the COVID-19 pandemic. The Vietnamese and German economies are perfectly complementary to each other, Minh said, calling upon German investors in Vietnam to spread their knowledge and experience on the market to the … [Read more...] about Seminar promotes German business, investment in Vietnam