VietNamNet Bridge - In the fierce competition in the online food ordering market, worth $33 million as estimated by Euromonitor, players need to have good technology but also many delivery people to win. At a big event organized by Go-Viet on December 31, Go-Viet CEO Nguyen Vu Duc said the app has 4 million customers and processes millions of orders each week. “Go-Viet has broken all the world’s records in the growth rate of a new app. In the food delivery sector, we just launched the service one month ago, but we have outstripped long lasting eminent rivals, including the neighbor that everyone knows,” Duc said, referring to Grab. Vietnam is witnessing a boom in the online food delivery market. GCOMM found that 99 percent of surveyed consumers said they use online food ordering service at least 2-3 times a month, while 39 percent use the service 2-3 times a week. Go-Viet and Grab are considered the two major rivals in the app-based service market. Grab has … [Read more...] about Online food ordering market in Vietnam heats up
Market analysis firm
VietNamNet Bridge - The national flag air carrier Vietnam Airlines and the private Vietjet Air continue to dominate the domestic aviation market, but newcomers may begin to take away some market share. Vietnam Airlines and Vietjet continue to dominate the domestic market VIRAC, a market analysis firm, said the Vietnamese air transport market includes 63 foreign airlines from 25 countries and territories which provide routine flights to and from Vietnam. According to VIRAC, Vietjet, with 43 percent of market share, and Vietnam Airlines, with 42 percent in 2017, are the biggest market share holders and most profitable. According to VIRAC, Vietjet, with 43 percent of market share, and Vietnam Airlines, with 42 percent in 2017, are the biggest market share holders and most profitable. US$1=VND23,000 RELATED NEWS Bamboo Airways receives Airbus A321neo At least three more local airline carriers lining up to fly Kim Chi … [Read more...] about How will Bamboo Airways affect the aviation market?
VietNamNet Bridge - The property market is worried about ‘land fever’ amid a shortage of available land. * The revenue from land tax and fees in HCMC decreased sharply by 16.8 percent compared with 2018, while the revenue from land use fees for project development dropped by 22.5 percent. According to the HCMC Real Estate Association (HoREA), the decline may continue in 2019. * The scale of the real estate market was smaller in 2018 and the problem may be carried forward to 2019. In 2017, 92 housing projects were under implementation which promised to provide 37,502 apartments and 5,489 houses. In 2018, only 77 projects with 28,316 products were expected to be launched into the market in the future, a sharp decrease of 34.1 percent compared with 2017. * The new supply is expected to be limited as a result of the HCMC Housing Development Program in 2016-2025, which prohibits the development of multi-story apartment projects in the central area of … [Read more...] about Seven worrying problems for HCMC’s real estate market in 2019
VietNamNet Bridge - The Spanish fashion giant, Zara, has been in Vietnam for two years, and the Swedish company H&M for one year. Famous fashion brands have been present in Vietnam And Japan’s Uniqlo says it will arrive in 2019. The fashion giant has acquired 35 percent of shares of Elise, a Vietnamese fashion brand for women. The deal, estimated to be in the millions of dollars, has been described as a move to pave the way to penetrate the Vietnamese market. Zara and H&M have been thriving in Vietnam. According to VIRAC, a market analysis firm, by the end of 2016, after four months of operation, Zara Vietnam had revenue of VND321 billion, or VND2.8 billion a day, and pre-tax profit of VND38 billion. The achievement was described as ‘great’ as few international retail brands can make a profit in their first months in Vietnam. US$1=VND22,000 RELATED NEWS Domestic fashion brands seek foothold in $3.5 billion market How attractive is Vietnam’s … [Read more...] about Foreign brands dominate Vietnam’s fashion market
VietNamNet Bridge - Vietnam’s toy products compete well with Chinese counterparts in quality and prices, but domestic manufacturers are weak at diversifying products and slow in launching new products. Vietnamese children prefer made-in-Vietnam toys for the full-moon festival Le Quynh Hoa, an office worker in Hanoi, said she bought a Vietnamese-made decorative lantern for her daughter to play in the full-moon festival, rather than a Chinese product. A market survey conducted by FTA, a market analysis firm, found that 52 percent of polled mothers said they would buy domestically made toys for children. A market survey conducted by FTA, a market analysis firm, found that 52 percent of polled mothers said they would buy domestically made toys for children. RELATED NEWS Toy weapons a serious danger to local children High-end toy market is booming Mai Chi … [Read more...] about Made-in-Vietnam toys struggle for market share