China CUP cards accepted in Vietnam By Hong Phuc - The Saigon Times Daily HANOI - Owners of 1.5 billion cards of China UnionPay (CUP) network comprising 169 banks in China now can make payment via 10,000 point of sales and over 1,100 ATM machines of the Bank for Foreign Trade of Vietnam, or Vietcombank CUP has assigned Smartlink Card Service Joint Stock Company, running a card network led by Vietcombank, as its transactions processing center in Vietnam. The card payment system of Vietcombank-Smartlink-CUP was inaugurated last Thursday in Hanoi. "Smartlink will continue working closely with CUP to connect the two networks in the coming time," said Anh.Nguyen Thu Ha, general director of Vietcombank, said that the cooperation between CUP and Vietcombank would be the beginning of full cooperation on card services between China and Vietnam and also boost trading relationship between the two countries. Vietcombank now holds nearly 60% of the card payment market share in Vietnam. It is also … [Read more...] about China CUP cards accepted in Vietnam
Entertainment in vietnam
Biggest centre for shopping and entertainment in Vietnam unveiled
A biggest centre to meet the people's rising demands in shopping, entertainment and cuisine in Vietnam, Savico Megamall, was officially unveiled in Hanoi on December 16th. Located 5km from Hoan Kiem Lake at a junction linking Hanoi with other cities in the northern economic triangle, Savico MegaMall will attract many visitors and provide an exceptional opportunity for retail business. The first floor sells fashion clothes, cosmetics and perfume while the second floor is for household appliances, furniture, sports gears, computers, and the third floor is for restaurants, cuisine areas and leisure activities. At present, Savico MegaMall is offering various attractive promotional programs to celebrate its anniversary and Christmas. Source: HNM Translated by Nguyen Thao … [Read more...] about Biggest centre for shopping and entertainment in Vietnam unveiled
Franchise business to thrive in Vietnam: exhibitors
HCMC - The franchise business in Vietnam will grow much faster in the future, according to local and foreign firms at the third Vietnam International Shop+Franchise Show 2011 held in HCMC. The three-day show, open until tomorrow at the Saigon Exhibition and Convention Center (SECC), has attracted the participation of 150 firms, including well-known South Korean companies such as Tous Les Jours, Kumho Tires, Everon and Bar BQ Boss. Yoon Joon Ho, director of X-Rider Co. from South Korea, said his firm was looking for Vietnamese partners to expand its franchise after investing in a 4D cinema chain in supermarkets and commercial centers in HCMC, Hanoi, Dong Nai and Khanh Hoa provinces. X-Rider wants to popularize this kind of entertainment in Vietnam where there is a high percentage of young people and a growing economy, he added. Meanwhile, Ho Kyoung Lee, CEO of FR Food Systems, said South Korean food was being favored by South Asian countries, and franchises are an ideal way to … [Read more...] about Franchise business to thrive in Vietnam: exhibitors
The richest entertainers in Vietnam
VietNamNet Bridge - Truong Ngoc Anh, Le Quyen, My Tam, Dam Vinh Hung, Tang Thanh Ha are on the list of Vietnamese artists who own large assets. This is not an official ranking because the assets of Vietnamese artists is a sensitive topic. No one wants to be considered bragging. These people are considered rich based on four factors: the personal income tax they pay every year, the pay for their shows, their own business and their fixed assets (publicly). Actress Truong Ngoc Anh is rich not by the pay for her cast, but income from her business and advertising contracts. In 2013, she is the brand ambassador of Oriflame cosmetics, with remuneration of hundreds of thousands of dollars. She also attended a lot of events, with remuneration of about $5,000/event and other advertising activities. Truong Ngoc Anh's largest income comes from real estate and restaurants. She has a lot of land in the prime location in Ho Chi Minh City and many villas, condominiums. Singer My Tam is the … [Read more...] about The richest entertainers in Vietnam
Lotte comes out with new retail model in Vietnam
Lotte committed to invest more in VietnamLee Jong Kook, president of External Relations for Lotte Vietnam, told VIR that Lotte Duty Free (LDF) has been a great success in the Vietnamese travel retail market.Starting from the soft opening on May 8 last year, LDF held the grand opening of its store in Danang International Airport on November 1. As a major duty free operator in the central international airport, LDF breaks its own records every month and expects to reach $11 million sales in 2017.In April 2018, LDF is going to open the second duty free store in Cam Ranh International Airport in the central coastal province of Khanh Hoa. Cam Ranh Airport, a main international airport for tourists to Nha Trang, is slated to finish construction and open a new terminal in April. LDF will be the only duty free operator in the airport with a sales target of $21 million in 2018.Kook is very upbeat about the prospects of the LDF Cam Ranh Airport store as Nha Trang is … [Read more...] about Lotte comes out with new retail model in Vietnam