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According to the General Statistics Office, the retail industry last year saw a sharp increase of 10.15 per cent compared to 2021, while total retail sales of consumer goods and services in 2022 rose by 15 per cent compared to 2019. A survey of 15,000 sellers by management platform Sapo showed that the general situation in 2022 in terms of recovery was mixed. Even though 42 per cent of sellers recorded a revenue drop compared to 2021, the percentage of sellers with revenue growth accounted for 37.7 per cent, in which the number of sellers with growth of over 30 per cent in revenues held 6.36 per cent. Omnichannel activity boosts overall 2022 retail performance, Illustrative image (Photo: VNA) Areas that recorded the highest growth were in fashion/accessories, cosmetics, grocery supermarkets, and toys. Methods to stimulate purchasing power included promotional programmes (65.6 per cent), loyalty programmes (22.6 per cent), and various after-sale customer care methods … [Read more...] about Omnichannel activity boosts overall 2022 retail performance

The days just before the Lunar New Year are also the busiest days for Cao Thi Tam, director of Tan Xuan Bamboo Shoot Cooperative 269 in Son La province. It is when her cooperative sells the most products, and she can pay the highest wages. Initiatives lift rural female development Tam is not a native to this land, but her and her family have lived and established a business in Tan Xuan for years. They understand the poverty of the people here, especially among the many ethnic women who have no jobs and limited opportunities. Tam’s family was always relatively well-off in the area, with income from a grocery store business. However, Tam harboured larger ambitions and wanted to support local people’s economic development to contribute to where her family lives. “Tan Xuan is a land with rich sources of agricultural materials, including bamboo shoots, but people often do not have enough to eat and wear. Many people go to the forest to dig a few kilograms of bamboo … [Read more...] about Initiatives lift rural female development

According to an estimate by the National Innovation Centre under the Ministry of Planning and Investment, digital technology may bring Vietnam more than $74 billion by 2030, which is comparable to 27 per cent of Vietnam’s GDP in 2020. In Vietnam, the passage of this development might paradoxically result in the loss of a substantial number of current jobs. Conundrum ahead with robotics rise, source: shutterstock Hoang Nam Tien, chairman of FPT Telecom, predicted that approximately 70 per cent of the total 5.4 million Vietnamese workers will lose their jobs within the next decade. This includes 2.7 million textile workers, 1.7 million leather and footwear labourers, and nearly one million electronic assembly staff. Tien said, “Humans cannot compete with robots in terms of labour output and work hours. A series of robots have been imported into Vietnam in recent times. Before 2020, many manufacturers were still unsure about deploying them.” The recent pandemic has … [Read more...] about Conundrum ahead with robotics rise

I and my wife have two children, two and eight years old. My monthly income is VND20 million ($853) and my wife's monthly income is VND70 million. We live and work in a big city. Thanks to consistent hard work and saving habits, we were able to buy a house and have some assets. My wife is a kind person and quite diligent in her work. She is also a frugal person who knows how to save money. However, she is not good at housework and not tactful in dealing with family members. Before we had a helper, I always went home early to pick up our children from school and cook dinner. My wife came home later, only washed the dishes and hung out with the kids. On weekends or days that I had to work overtime, she only cooked very simple meals and sometimes cleaned the house. I had to often remind her about housework or caring for our children. Every time I her, she always said she was already too stressed about work and only wanted to relax when she came home. She said she would clean the … [Read more...] about Am I asking too much from my wife?

U.S. regulators, farmers, and industry have often argued in recent years about the power of top agriculture firms to set prices and drive up what consumers pay for groceries, such as when the price of beef skyrocketed in 2021. The latest concern is eggs, the price of which was up 138% in December from a year prior, to $4.25 a dozen, according to the Bureau of Labor Statistics. The U.S. Department of Agriculture (USDA) has pointed to a record outbreak of avian flu as a reason for the high prices. But the nation's antitrust regulator should also examine record-high profits at the top egg company, said Farm Action on Thursday in a letter to FTC chair Lina Khan. Cal-Maine Foods (CALM.O), which controls 20% of the retail egg market, reported quarterly sales up 110% and gross profits up more than 600% over the same quarter in the prior fiscal year, according to a late December filing with the Securities and Exchange Commission. The company pointed to decreased egg supply nationwide … [Read more...] about High egg prices should be investigated, US farm group says

Hanoi has identified digital transformation as an opportunity to bring equality and benefits to every citizen. Vice Director of the Hanoi Department of Information and Communications Nguyen Viet Hung told The Hanoi Times about the city’s progress in digitalization in the past year. Mobile carriers have been actively involved in the process of upgrading digital infrastructure and ensuring data privacy in the city. Photo: Cao Hung Moving toward e-Governance In 2022, Vietnam accelerated the national digital transformation with Hanoi among the leading localities. What has the city achieved during this process? Last year, the Hanoi People's Committee carried out a series of plans to implement information technology (IT) under the "Hanoi City Digital Transformation Program to 2025, targeting 2030". Thanks to a clear roadmap and step-by-step implementation, Hanoi's digital transformation has been rolled out from the city to the grassroots. Platforms … [Read more...] about Hanoi makes people and businesses the center of digitalization