The fact that leaders and officers of the HCM City Education and Training Department receive remuneration for compiling textbooks has caused a stir among the public. In a document from the Ministry of Education and Trianing (MOET) to the local press, the ministry affirmed that in order to ensure fairness, publicity and transparency in choosing textbooks, the ministry has drafted a circular (which has been published on its website for public opinions) which stipulates that those who compile and inspect textbooks will not be allowed to become members of councils which have the right to choose textbooks for use. The fact that the Vietnam Education Publishing House and the HCM City Education and Training Department are joining hands to compile textbooks is the responsibility of involved parties and they need to explain this to MOET. Meanwhile, at the workshop on renovating the general education program held by the Vietnam Education Publishing House recently, director of the HCM … [Read more...] about Is Education Ministry allowing HCM City to compile textbooks?
Invest a million dollars
Each e-commerce platform needs to spend millions of US dollars to gain a single per cent of market share from competitors, showing just how serious the competition is. E-commerce platforms are playing a game of chicken, throwing millions of dollars around to remain the last one standing According to the latest statistics of security company VNDIRECT, each e-commerce company has to suffer a loss of VND124 billion ($5.4 million) to gain 1 per cent of market share from any competitor. This raises concerns whether newcomers like Viettel Post have the finances to challenge the current kings of the hill Lazada, Tiki, and Shopee. E-commerce in Vietnam is still a new sector, so businesses have to pour tremendous amounts of capital into advertisements, personnel, and warehouse infrastructure toset a solid foothold on the market. One evidence for the fierce competition is their race in promotions, which originated in Lazada’s 95 per cent discount promotion last year titled … [Read more...] about E-commerce: exorbitant losses for a single percent
Sendo, for the first time, was listed as one of the four most visited ecommerce platforms in the second quarter of 2019, according to data from iPrice Insights’ map of ecommerce. A customer selects clothing products offered on the Sendo ecommerce platform. Sendo ranked fourth among Vietnam’s top four ecommerce players by web traffic in 2019’s second quarter Sendo’s monthly website traffic rose 10% from 25.3 million in the first quarter to 28 million visits in the second quarter, not too far off from the third-ranked contender Lazada, with more than 28.3 million visits per month on average. Sendo’s efforts to deploy technology and improve delivery services were responsible for the impressive advance. Among the top five ecommerce platforms - Shopee, Tiki, Lazada, Sendo, and The Gioi Di Dong -in the quarter, Sendo was the only player to see its web traffic grow, iPrice noted in the release. As the two best performers, Shopee and Tiki continued … [Read more...] about Vietnam’s top five e-commerce platforms in Q2 announced: iPrice
According to Pham Dang Khoa, deputy director of Vietinbank’s Card Centre, the biggest problem for banks when it comes to replacing magnetic strip cards is the cost. Banks have to pay for the new cards and invest in devices that accept them, such as ATMs and POS machines. Meanwhile, most customers are not willing to pay to switch. With more than eight million existing customers using magnetic strip cards, Khoa estimated his bank will have to spend a large sum as the cost of producing a chip card is roughly eight to ten times higher than magnetic strip cards. To encourage customers to use chip cards, Khoa said VietinBank would help customers replace their old cards due to the advantages of the new ones. According to Khoa, the information contained in the chips was encrypted and only the issuing bank could read the data on it. Thus, they reduce the risk of information being stolen and counterfeits. There have been no issues regarding security with the new cards, which shows how … [Read more...] about Banks issues more chip cards for security
The first word I learnt in Vietnam was ‘khong.’ You say it nearly the same as the huge gorilla’s last name, ‘King Kong.’ As any well-experienced traveler knows, knowing how to say ‘no’ is often much more important than ‘yes’! Later you get to learn more, like ‘ok’ instead of yes. ‘Khong mua,’ (moo-a) I don’t want to buy, came in particularly useful as I strolled around Hanoi in the early weeks of my first visit. It seems to me that local people only say yes when they don’t know what to say. “Wow! You look great today!” “Yes…” As I settled in Hoi An five years ago, I started to realize that ‘no’ or asking about possibilities takes on very surreal aspects. Somehow, the idea of suggesting something different to what a menu offered became a comedy routine. “Can I have the baguette with butter and jam instead of a baguette with marmalade?” … [Read more...] about Saying ‘yes’, ‘no’ the Vietnamese way