A new survey by HCMC-based market research firm Decision Lab finds that female consumers can make or break the food and beverage industry of Vietnam. Average visits per capita by female consumers to the out of home food and beverage market has increased by 5 percent during last year, from 121 between the fourth quarter of 2016 and the third quarter last year to 128 between the fourth quarter last year and the third quarter this year. Women have also increased spending on almost all major food channels in Vietnam, namely full service restaurants (FSR), or sit down eateries where food is served directly to the customers' table, and quick service restaurants (QSR), where table service is minimal and the typical fare is fast food, street food, convenience stores, canteens and bars. As a result, women’s contribution to the out of home market revenue has increased by a whopping 10 percent. Among the women themselves, the 15-34 year-old segment accounts for 82 percent of the visits in … [Read more...] about Women can make or break Vietnam’s F&B industry
Making bamboo fly rods
Bamboo Airways expects profits to take off in 2020
The carrier’s deputy chairman Dang Tat Thang said at a press conference Tuesday that it was operating 20 aircraft with over 100 trips a day, but an airline typically needs to operate at least 25-30 jets. "We hope that by having 30 aircraft in the first quarter next year we will record profits. By expanding our fleet to 30, we can stabilize operations and launch more routes." The airline had recorded cumulative losses of VND329 billion ($14.2 million) at the end of April, three months after its first flight, according to the Ministry of Finance. Bamboo Airways chairman Trinh Van Quyet explained the losses at a shareholders’ meeting in June, saying the airline had to pay salaries for a team big enough to operate 30 aircraft, while the fleet was just 10 then. Quyet also expects profit from its direct U.S. flights. The airline is set to receive its first wide-body Boeing 787-9 Dreamliner this month, which will be used for direct flights to the U.S. in late 2020 or … [Read more...] about Bamboo Airways expects profits to take off in 2020
Former U.S. President Barack Obama makes a return visit to Vietnam
Former President and First Lady, Barack and Michelle Obama returned to Vietnam to promote 'Girls Opportunity Alliance' in Asia, a program of the Obama Foundation that seeks to empower adolescent girls around the world through education. The HCMC leader affirmed that the Former President Barack Obama’s visit showed a deep interest in Vietnam-US relations and Vietnam’s development particularly. Since the normalization of trade and investment relations between the United States and Vietnam, the two sides have been striving to broaden and deepen their relationship through mutual visits by leaders of both countries, especially Party general secretary Nguyen Phu Trong’s first visit to the US in 2015 and Barack Obama’s three-day visit to Vietnam in 2016 when he served as president of the United States. Mr. Nhan highly … [Read more...] about Former U.S. President Barack Obama makes a return visit to Vietnam
Former Deputy PM provided poor guidance to loss-making steel project – inspectors
Nation Former Deputy PM provided poor guidance to loss-making steel project - inspectors By Thanh Thom Monday, Dec 9, 2019,19:46 (GMT+7) Former Deputy PM provided poor guidance to loss-making steel project - inspectorsBy Thanh Thom Hoang Trung Hai is seen in his capacity as deputy prime minister of Vietnam. He is now accused of having made mistakes in issuing instructions on a steel-and-iron plant project – PHOTO: VGP HCMC – Former Deputy Prime Minister Hoang Trung Hai was found to have committed violations and shortcomings in his instructions to a long-suspended, loss-making megaproject managed by State-run Thai Nguyen Iron and Steel Corporation (TISCO). In a statement today, December 9, the Party Central Committee’s Inspection Commission released its official conclusions following its inspection into the irregularities found in TISCO’s phase-two production expansion project. Poor … [Read more...] about Former Deputy PM provided poor guidance to loss-making steel project – inspectors
Vietnam university makes world top 400 in engineering and technology
They include the Hanoi University of Science and Technology (HUST) in the 301-400 group, the Hanoi branch of the Vietnam National University (401-500) and its Ho Chi Minh City branch (601-800) in engineering and technology. The annual rankings by THE, a British provider of higher education data, list Times Higher Education (THE), a 1,008 universities around the world. Vietnam's three universities ranked in Engineering and Technology by Times Higher Education (THE). In the computer science category, HUST and the Vietnam National University-Ho Chi Minh City are ranked 601+ out of 759 universities. In September, the three schools were also the first in Vietnam to enter the general Times Higher Education World University Rankings. HUST and the Vietnam National University-Hanoi were in the 801-1000 group while the Ho Chi Minh City branch of Vietnam National University was placed in the 1001+ group. The THE 2020 world university rankings are based on 13 indicators across … [Read more...] about Vietnam university makes world top 400 in engineering and technology