The logo of Deutsche Bank building in Amsterdam. The German lender's latest decision to remove global equities unit from its business portfolio may not impact the Vietnamese market. — AFP Photo Recent developments at Deutsche Bank will have no effects on capital flows into Viet Nam, according to Bao Viet Securities Co (BVSC). German Deutsche Bank early this week announced it will axe its global equities unit, cut some fixed-income operations and lay off around 18,000 staff as part of its restructuring plan. As of March 31, the German lender managed 704 billion euros (US$788.7 billion) worth of assets across the globe in 15 countries. The bank entered Viet Nam in 1992 and has invested in the Vietnamese equities market through the two funds – FTSE Vietnam ETF and Vietnam Phoenix Fund Limited, formerly known as DWS Vietnam Fund. FTSE Vietnam ETF is an index-focused exchange-traded fund set up by Deutsche Bank in January 2008 and it is the second-biggest fund in Viet Nam. The … [Read more...] about Deutsche Bank’s restructuring not expected to harm VN market
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Recently, Ericsson hosted Vietnamese Prime Minister Nguyen Xuan Phuc and a delegation of Vietnamese government dignitaries and business leaders at its headquarters in the Swedish capital of Stockholm. The prime minister was greeted by Börje Ekholm, president and CEO of Ericsson Group, together with Denis Brunetti, president of Ericsson Vietnam and Myanmar. During the visit, Ericsson demonstrated the latest technology advancements in relation to 5G, the Internet of Things (IoT), automation, artificial intelligence, and edge computing, highlighting their relevance to Vietnam in the context of the Fourth Industrial Revolution as it pertains to industry digitalisation and transformation. PM Phuc and Ekholm also witnessed the signing of the Industry 4.0 and IoT Innovation Co-operation Agreement between Ericsson and Vietnam’s telecommunication giant Vietnam Posts and Telecommunications Group (VNPT). The agreement aims to foster collaboration in expanding IoT capabilities across … [Read more...] about Ericsson drives Industry 4.0 in Vietnam
Pressure from foreign "giants" The "landing" of giant global enterprises in the fashion industry in the Vietnamese market in recent years has brought about thousands of billions of Vietnamese dong in revenue each year, which startled domestic enterprises, urging them to draw experience on business strategies. Since joining in the Vietnamese market in September 2016, the revenue of Zara Vietnam has continuously increased, from VND321 billion (US$13.80 million) after four months of operation to more than VND1,100 billion (US$47.3 million) in 2017. The company was estimated to gain a higher revenue of VND2,300 billion (US$100 million) in 2018. Similarly, Hennes & Mauritz AB (H&M), a fashion company based in Sweden, officially launched its store in Vietnam in September 2017. After more than a year in Vietnam, H&M has expanded to six stores in Hanoi and Ho Chi Minh City. Along with the popular basic product lines, H&M has advantages in new designs and it also sells … [Read more...] about Garment and textile industry on course to conquer domestic market
Will filter coffee save Trung Nguyen? As competition in the local coffee market is getting increasingly fierce with the attendance of Nestlé and Vinacafé Bien Hoa (Vinacafé) or new players like The Coffee House, Starbucks, and Highland Coffee, Trung Nguyen managed to maintain revenue at trillions of each year and even pulled away from Vinacafé, despite the long divorce dispute. According to Trung Nguyen’s latest financial report, its total revenue reached VND4 trillion ($173.9 million), while Vinacafé’s did VND1.7 trillion ($73.9 million). In addition, Trung Nguyen’s pre-tax profit in 2014-2017 has been falling from VND1.3 trillion ($56.5 million) to VND681 billion ($29.6 million), nearly twice as much as Vinacafé’s VND400 billion ($17.39 million). Still depending on ground and roasted coffee Despite efforts to diversify its business with the E-Coffee grocery chain, the Trung Nguyen Legend Café chain, as well as entering … [Read more...] about Will filter coffee save Trung Nguyen?
The local food delivery market is ready to welcome South Korea's Woona Brothers, one of the rare startup unicorn s of the world. Woona Brothers' food delivery application Baedal Minjok “We have already researched the Vietnamese market and are now looking for partners to invest in the country. We will definitely be present in Vietnam in 2019,” said Seyoon Oh, vice chairman of Woona Brothers, at the startup event Vakance 2018 in last November. Woona Brothers has just been listed among the world’s unicorn companies after receiving $320 million investment from big funds like the US’ Hillhouse Capital, Sequoia Capital, and Singapore’s GIC in last December, increasing the company’s value to $1 billion. If entering Vietnam, Woona Brother is expected to be a serious competitor to GrabFood and Now.vn, which dominate the $33 million food delivery market after Lalamove left. Despite high demand in urban areas, the local food delivery market is not a … [Read more...] about South Korean unicorn to enter local food delivery market in 2019