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Minister of Labour , Invalids and Social Affairs Dao Ngoc Dung answers NA deputies’ questions (Photo: VNA) Hanoi (VNA) – The Government has launched many unprecedented large-scale social welfare policy packages to ensure social security amid difficulties and challenges brought about by COVID-19 pandemic, said Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung while responding to National Assembly (NA) deputies’ questions on November 8. Ensuring social welfare remains key task According to the minister, over the years, the Government has been sticking to the principle that economic development must go along with social equality. The social welfare system has met the requirements of the people and is getting close to international standards, he said, adding that Vietnam’s human development index has risen strongly in United Nations rankings. Dung said that the issuance of supporting policies has been implemented in an active and systematic manner in line … [Read more...] about Large-scale, unprecedented policies issued to ensure social welfare: Minister

New business models have emerged in Vietnam as a result of the pandemic The Building Back Better from the Pandemic: A Look into Supply Chains in the New Normal report by TMX, Asia-Pacific’s leading business transformation consultancy, shows that 68 per cent of participating business leaders in Vietnam (40 per cent regional) have already invested in omnichannel strategies as a way to future-proof their businesses. On the other hand, 76 per cent of Vietnamese businesses (46 per cent in the region) have also earmarked a comprehensive omnichannel strategy as a key business priority in the next 3-5 years. This is in line with the expectation that, while e-commerce is expected to stay, consumers will also start to get back to traditional brick-and-mortar shopping as social restrictions begin to ease. An omnichannel approach thus allows businesses to ensure a consistent presence and a seamless customer journey. The report analysed the current sentiment of over 250 businesses and … [Read more...] about SEA business leaders to focus on omnichannel and supply chain diversification

Viettel Group, Architecture Magazine launch design contest for Viettel Thăng Long Building Netflix, the US Embassy Hanoi and NPX Point Avenue Hung Thinh signs strategic partnership with partners for tourism development Sun Group named in series of awards for Việt Nam Best Places to Work 2021 TVS seeks country's next unicorns Bank of America initiates MSN with a Buy rating and PO of VNM198,600 Bank of America (BofA) recently initiates MSN VN, Vietnam's leading & unique consumer-tech group, a top ASEAN consumer pick, with a Buy rating and PO of VNM198,600. BofA expect ROEs to improve to 18% from 8% in 2019 in phase 2 of its transformation with 71% of the EBITDA growth driven by the group's consumer-focused business CrownX. HSBC on January 7th also initiated at Buy with a with a TP of VND200,000. According to HSBC, Masan (MSN) is a consumer conglomerate, selling everything from sauces to financial services. “In 2021, the stock outperformed the … [Read more...] about Masan Group – Top ASEAN consumer pick – according to Bank of America

Starbucks is replacing iconic bigger shops with smaller versions that are easier to manage, Photo: Le Toan The make-up of the Vietnamese coffee and beverage market is changing drastically in the light of social restrictions and consumer habit changes, with smaller mobile coffee cart and kiosk models becoming popular with both large and small brands. At the end of last year The Coffee House opened eight kiosks offering takeaway and delivery services. They are a combination with large distribution chains in the market, where there is a high density of consumers such as Kingfoodmart, formerly Coopfood. The brand has developed a coffee cart model in the hope of introducing a miniature The Coffee House experience throughout the country. Even before this, many major food and beverage (F&B) brands have tested and expanded the model successfully, such as Highlands Coffee, Phuc Long, Ong Bau, Milano Coffee, and Passio. Since the middle of 2020, Highlands Coffee has placed its … [Read more...] about Coffee giants tinkering with formula