The e-commerce company acquired RedMart in November 2016, but kept it as a standalone entity until now. File photos of Lazada and RedMart logos. SINGAPORE: E-commerce company Lazada on Thursday (Jan 31) announced it will make its foray into the online supermarket business in Southeast Asia starting with Singapore, with the integration of RedMart into its platform. RedMart, which Lazada acquired for an undisclosed sum in November 2016, will move over to the e-commerce platform from Mar 15 this year. Lazada said this will allow shoppers to buy groceries and fresh produce along with the other products already on its site in a single location. Orders on the new RedMart on Lazada will continue to be fulfilled by the online grocer in customers’ chosen delivery slots between 7am and 10pm, while orders with other Lazada sellers will be fulfilled separately, the press release said. Existing RedMart customers can continue shopping on the existing app and website until 11.59pm on … [Read more...] about Lazada to fold RedMart into its platform, signals entry into online supermarket business
Launches new website press release
BUSINESS NEWS IN BRIEF 25/1
Japanese personnel provider enters Vietnamese market Representative from Sunwell Solutions Vietnam Yoshioka Reito (R) A representative from Japan’s Sunwell Solutions JSC said on January 23 that its Vietnamese office officially became operational earlier this month. Sunwell Solutions, with eight years experience in providing human resources solutions, aims to increase opportunities for outstanding Vietnamese engineers working at Japanese firms and develop relations between Japanese employers and Vietnamese employees. Yoshioka Reito, a representative of Sunwell in Vietnam, stressed that although it has been established for nine years with highly technical staff, Sunwell is looking to expand its business to great customers, focusing on key fields such as information technology, automobile technology, and refinery projects. According to Reito, Vietnam’s high-quality engineers are able to meet the requirements of Japanese businesses. Sunwell was established with … [Read more...] about BUSINESS NEWS IN BRIEF 25/1
PRESS RELEASE of National External Information Service Awards 2018
Deputy Editor-in-Chief of VietnamPlus Nguyen Hoang Nhat (R) represents the online newspaper to receive a prize at National External Information Service Awards 2017 (Source: VNA) The Party Central Committee’s Commission for Information and Education, the Steering Committee on External Information Work and the Vietnam News Agency (VNA) held a press conference on November 22 to announce the fifth edition of the National External Information Service Awards 2018 at the VNA headquarters. The National External Information Service Awards 2018, organised by the Party Central Committee’s Commission for Information and Education, the Steering Committee on External Information Work and the VNA, honours outstanding authors, press works and books in the external information sector. The VNA has been selected to act as the standing agency of this year’s awards. Speaking at the press conference, Bui Truong Giang, deputy head of the Party Central Committee’s Commission … [Read more...] about PRESS RELEASE of National External Information Service Awards 2018
BUSINESS NEWS IN BRIEF 22/8
Mekong Capital divests from Asia ChemicalsMekong Enterprise Fund II, a unit of Mekong Capital, has completely divested from Asia Chemicals Corporation (ACC) and taken in US$8.9 million, a 2.6-fold increase over its initial investment, after a seven-year holding period.According to a press release issued by Mekong Capital on August 10, in 2011, MEF II invested US$3.8 million in ACC, which was its 10th investment, after others in Mobile World Investment Group (The Gioi Di Dong), Golden Gate, Vietnam Australia International School and International Consumer Products.However, MEF II has now divested from all of its 10 earlier investments. The divestments have helped the fund generate a gross return multiple of 4.5 and a gross internal rate of return of 22.5%.Early this year, MEF II sold five million shares at Mobile World, generating a gross return multiple of 56.9 and an IRR of 61.1%, making it one of the most successful investments in Asia.Also, the fund’s full exit from Vietnam … [Read more...] about BUSINESS NEWS IN BRIEF 22/8
BUSINESS NEWS IN BRIEF 18/8
Danang aims to attract Russian touristsThe central coastal city of Danang is striving to lure more Russian and European tourists in a bid to diversify international visitors, but it is facing some difficulties with weather conditions and air routes, which should be addressed to meet the target.The leader of the Danang government, who is on a visit to Europe, is working with Russian travel firm ANEX Tour in Moscow City to discuss a plan on tourism promotion. The tour is scheduled to conclude on August 21.Tourism experts noted that it is necessary to increase the number of Russian and European visitors to Danang City to diversify tourist sources, adding that certain factors, such as weather, may affect these efforts.Russian tourists tend to travel to Danang City between October and February to avoid freezing weather in their country, but unfortunately, this is also the storm season in the city.According to Nguyen Duc Quynh, deputy general director of Furama Resort Danang, many tour … [Read more...] about BUSINESS NEWS IN BRIEF 18/8