FPT Retail is the owner of consumer electronics chain stores FPT Shop and pharmacy chain Long Chau, while Mobile World is the owner of consumer electronics chain stores The Gioi Di Dong (Mobile World) and Dien May Xanh, as well as drugstore chain An Khang, and food and consumer goods chain stores Bach Hoa Xanh. Drugstores of Pharmacity (left) and FPT Retail's Long Chau located next to each others in HCMC's Binh Thanh District. Photo by VnExpress/Quynh Tran According to documents prepared for its coming annual meeting in mid-April, FPT Retail plans to make pre-tax profits of VND240 billion (US$10.17 million) in 2023, down from VND485 billion in 2022, and VND554 billion in 2021. The main reason behind FPT Retail’s low expectations is difficulties at FPT Shop, the company’s retail chain. Last year FPT Shop contributed nearly 70% of FPT Retail’s VND30 trillion in total revenues. With both financing costs and inflation still rising, FPT Retail management has assumed … [Read more...] about Top electronics retailers Mobile World and FPT Retail facing a rough year
Dog sees owner after 7 years
Foreigner shares dos and don’ts of travel etiquette in Vietnam
Ian Paynton advises foreigners to be cheerful when visiting Vietnam, according to the The Insider website. Vietnam is emerging as one of Southeast Asia’s most popular tourist destinations for international travelers and experts. More than 100,000 foreign experts are living and working in Vietnam. Ian Paynton, a British native, resides in Hanoi. He first traveled to Vietnam in 2007, and three years later, he decided to leave London for the Southeast Asian country for resettlement. Paynton has told The Insider seven dos and don’ts of a Vietnam visit for foreign tourists. Here are seven travel tips: Do not go around town while wearing swimsuits According to Paynton, the beauty of Vietnam lies in elegance, so foreign visitors should not wear scanty swimwear while traveling to beaches, rivers or waterfalls. This is considered a taboo at temples and pagodas. In 2016, a foreign visitor was forced to leave a place of worship as the traveler wore shorts and a bra-styled shirt. … [Read more...] about Foreigner shares dos and don’ts of travel etiquette in Vietnam
VPBank announces SMBC as foreign strategic investor
The investment from SMBC will help the bank raise almost VND36 trillion, or approximately $1.52 billion, of Tier 1 capital, increasing its owner equity from $4.5 billion to approximately $6.1 billion This comes as part of capital raising plans that VPBank has been implementing over the last year to strengthen its long-term finances and support its ambitious growth strategy over the next five years. Ngo Chi Dung, chairman of the Board of Directors of VPBank (right) and Masahiro Yoshimura, CEO, Chief Investment Officer, SMBC Bank Following this latest investment from SMBC, VPBank now becomes Vietnam’s second-largest bank in terms of owner equity, which allows it to serve a wide range of customer needs in various segments, including retail banking, corporate banking and small- and medium-sized enterprises. The robust capital stance will also help VPBank to serve large-scale enterprises, particularly multinational companies and foreign firms that are already … [Read more...] about VPBank announces SMBC as foreign strategic investor
UNESCO promises tight partnership with Hanoi in heritage and relic conservation
As home to nearly 300 national treasures, Hanoi has a valuable source of ritual and cultural traits that tell its history of thousands of years. The United Nations Educational, Scientific and Cultural Organization (UNESCO) sees the partnership with Hanoi in heritage preservation as one of its key activities in the future, said Director of the UNESCO’s World Heritage Center Lazare Eloundou on March 27. Hanoi mayor Tran Sy Thanh (right) receives Lazare Eloundou, Director of UNESCO’s World Heritage Center, on March 27. Photo: The Hanoi Times The UNESCO expects to bolster the relationship with Vietnam’s capital city in preserving cultural traits and heritages, he told a meeting with Hanoi mayor Tran Sy Thanh. Lazare urged the municipal and local authorities of Hanoi to come up with solutions that bring balance between heritage preservation and socio-economic growth and lift the living conditions for local people. UNESCO will always partner with Vietnam to … [Read more...] about UNESCO promises tight partnership with Hanoi in heritage and relic conservation
Powerful plan mooted for tourism
Photo: Chi Cuong At VIR’s roundtable discussion on seeking a boost for inbound tourism last week, editor-in-chief Le Trong Minh opened the roundtable with a fact-based observation, and noted that the country has yet to unlock the full potential of its tourism industry. “While the tourism sector contributes a significant 9.2 per cent of the country’s total GDP, equivalent to $32.8 billion, this number remains low compared to the global average,” he said. In 2023, the tourism sector aims to welcome eight million international visitors. While this is a modest number compared to the level achieved in 2019 of 19 million visitors, it is a challenging target as the market is undergoing many changes and new trends post-pandemic. Explaining this, Hoang Nhan Chinh, secretariat director of the Vietnam Tourism Advisory Board assessed that group tours are seeing a decline, and tourists known as frequent independent travellers are on the rise. “An essential step is to understand the … [Read more...] about Powerful plan mooted for tourism
Vietnam and Australia boost cooperation in education, agrifood
The cooperation aims to celebrate the 50th anniversary of the diplomatic relationship between Vietnam and Australia. The Australian Trade and Investment Commission (Austrade) is collaborating with businesses and government in Hanoi, Hue, and Danang to deliver the "Vietnam- Australia: Unlocking Opportunities in Education and Agrifood" roadshow series starting on March 27 in Hanoi with the participation of over 400 Australian and Vietnamese businesses, organizations, associations and institutions. The program aims to celebrate the 50th anniversary of the diplomatic relationship between Vietnam and Australia. Australian food and beverage showcase during the seminar took place on March 27 in Hanoi. Photo: Australian Embassy Vietnam At the kick-off event in Hanoi, Andrew Goledzinowski - Australia’s Ambassador to Vietnam shared that the program will deepen engagement and expand opportunities for Australian and Vietnamese partners in the agrifood and education … [Read more...] about Vietnam and Australia boost cooperation in education, agrifood
Vietnam and Australia co-operate in education & agrifood
The Australian Trade and Investment Commission (Austrade) is collaborating with business and government in Hanoi, Hue and Danang to deliver the Vietnam –Australia: Unlocking Opportunities in Education and Agrifood roadshow series starting from 27 March in Hanoi with participation of over 400 Australian and Vietnamese businesses, organisations, associations and institutions. Participants at the event The project, which was organised to celebrate the 50th anniversary of diplomatic relationship between Vietnam and Australia, is expected to have a significant impact on trade between the two countries. Austrade is delivering two roadshows in six different cities of Vietnam including Hanoi, Hue, Danang in March 2023 and Ho Chi Minh City, Nha Trang and Can Tho in September. It will provide opportunities and Australian and Vietnamese businesses and institutions to connect and collaborate in different regions of Vietnam. The first phase of program is launched in Hanoi … [Read more...] about Vietnam and Australia co-operate in education & agrifood
Walt Disney Co begins 7,000 layoffs
Walt Disney Co on Monday began 7,000 layoffs announced earlier this year, as it seeks to control costs and create a more "streamlined" business, according to a letter Chief Executive Bob Iger sent to employees and seen by Reuters. Several major divisions of the company - Disney Entertainment, Disney Parks, Experiences and Products, and corporate - will be impacted, according to a person familiar with the matter. ESPN is not touched by this week's round of cuts, but is anticipated to be included in later rounds. The entertainment industry has undergone a retrenchment since its early euphoric embrace of video streaming, when established media companies lost billions as they launched competitors to Netflix Inc. Media companies started to rein in spending when Netflix posted its first loss of subscribers in a decade in early 2022, and Wall Street began prioritizing profitability over subscriber growth. Iger said Disney would begin notifying the first group of employees who are … [Read more...] about Walt Disney Co begins 7,000 layoffs
Green jobs needed in various industries: ManpowerGroup
Industries with high demand for green jobs in Vietnam. (Infographic courtesy of ManpowerGroup Vietnam) HCM City (VNS/VNA) - Vietnam is heading toward green growth with various industries involved, generating great demand for green jobs and green skills in the labour market, according to the recruitment, staffing and outsourcing company ManpowerGroup Vietnam. Since 2022, ManpowerGroup Vietnam has helped employers find talent for hundreds of green jobs in both full-time and staffing positions. So far, the highest demand for green jobs is from the manufacturing (48%), energy (34%), agriculture (11%), and technology (4%) sectors, among others. Andree Mangels, General Manager at ManpowerGroup Vietnam , said, “from our recruitment and staffing experience, we see that more and more companies have placed significance on ‘green’ practices in their operation, especially in talent acquisition. We have been actively partnering with both local and multinational corporations nationwide … [Read more...] about Green jobs needed in various industries: ManpowerGroup
Danish artist hatches epic global troll hunt
COPENHAGEN -- A Danish artist famous for his towering wooden trolls sent fans on a worldwide quest Monday to find his latest creation. Thomas Dambo has created a complex treasure hunt to find "Moon Mother", his 100th troll sculpture, who he said has "crawled into the most secret spot in the forest" to give birth. His giant figures inspired by Scandinavian folk tales are often located off the beaten track to tempt children and adults to venture out into nature, and to show what you can do with recycled materials. To find "Moon Mother", fans will have to piece together codes placed near his existing trolls across the world. A troll sculpture by Dambo. Photo: AFP "I decided to make a super secret one and make it an intricate treasure hunt that leads you around all the other ones I've made through the years," Dambo told AFP . His giant troll sculptures are dotted around the globe from a German forest to a South Korean mountain. But most are in the United … [Read more...] about Danish artist hatches epic global troll hunt