Starting a business is not easy, and starting a successful one is even harder, and it is not enough to simply have a good idea and passion, but involves many other factors, according to experts. Start-ups have been a hot trend in Viet Nam in recent years, with a search for “khoi nghiep” (start-up) on Google throwing up 79.8 million results in 0.34 seconds. “Starting a business is never easy, and nine out of 10 start-ups close or declare bankruptcy in one to three years,” Hang Nhat Quang, director of the HCM City branch of the Institute of Startup Success, said. “Typically, start-up failures are not because they are lazy or have poor business ideas, but most of them fail because of lack of business knowledge and strategies. “Business strategy planning is the identification of the key long-term goals of the business. From that, choose the mode of action and allocate essential resources to achieve those goals." The theory is simple, but the actual … [Read more...] about Strategy, a decisive factor in start-ups’ success, say experts
Focused differentiation strategy companies
Strategy, a decisive factor in start ups’ success, but often overlooked, say experts
A start-up team introduces a smart system that turns saltwater into drinking water at a recent start-up contest in HCM City. - VNS Photo Xuan Huong Start-ups have been a hot trend in Vietnam in recent years, with a search for “khởi nghiệp” (start-up) on Google throwing up 79.8 million results in 0.34 seconds. “Starting a business is never easy, and nine out of 10 start-ups close or declare bankruptcy in one to three years,” Hang Nhat Quang, director of the HCM City branch of the Institute of Start-up Success, said. “Typically, start-up failures are not because they are lazy or have poor business ideas, but most of them fail because of lack of business knowledge and strategies. “Business strategy planning is the identification of the key long-term goals of the business. From that, choose the mode of action and allocate essential resources to achieve those goals." The theory is simple, but the actual implementation is anything but (not … [Read more...] about Strategy, a decisive factor in start ups’ success, but often overlooked, say experts
Denmark affirms commitment to closer ties
Denmark affirms commitment to closer ties (05-06-2007) In celebration of Denmark's National Day today, the country's ambassador to Viet Nam, Peter Hansen, spoke to Viet Nam News. Viet Nam and Denmark are com-memorating the 35th anniver-sary of diplomatic relations, what do you think have been the most significant achievements in bilateral relations over the past three decades? Development co-operation has been the focus of Vietnamese-Danish relations for many years. I could mention many achievements in this area over the years but will highlight two projects. Through Danish International Development Agency (Danida) support the Danish company, F.L. Smidth, built the first cement factory in Viet Nam - Hoang Thach Cement factory, which is considered to be of the highest quality and have since constructed two more factories. The other is a ferry project in the Cuu Long (Mekong) Delta. Through Danida support a number of ferries were built at a Vietnamese shipyard in the South to facilitate … [Read more...] about Denmark affirms commitment to closer ties
Insurance buoyant after strong growth
Talking Shop (11-06-2009) Insurance buoyant after strong growth Korea Life Insurance was the 10th life insurance company to obtain a licence to operate in Viet Nam. As a new player in the market, general director Francis Jung Seop Hyun talks with theViet Nam News reporter Thu Giangabout advantages and disadvantages in the market and future social activities. … [Read more...] about Insurance buoyant after strong growth
Ongoing process
Mr Martin Roll, one of the world's leading business and brand strategists, will attend the "Strategies for leading brands" seminar early this month, where VET is the media sponsor. He spoke about branding strategies for Vietnamese companies. Based on what you've seen so far, what are your thoughts on the development of branding strategies in Vietnam in recent years? … [Read more...] about Ongoing process