The Association of Vietnam Retailers says that there has been an exponential increase in the number of people ordering food online in Hanoi and HCMC in the last few years, and it is foreign firms that are cashing in on delivering it. The food delivery market is now dominated by Delivery Now, and Vietnammm.com. Delivery Now is a product of Foody Corporation, once a Vietnamese food service startup that was acquired by Singapore-based internet firm Sea LTD last year, while Vietnammm.com is a subsidiary of Takeaway.com, one of the world’s largest online food ordering websites based in the Netherlands. Invested in by Ho Chi Minh City-based Scommerce Group, an information technology and services firm, Lala is considered a rising star in food delivery sector by industry insiders, having the advantage of hi-tech knowhow from its parent firm. Lala connects its users directly with restaurants before its shippers from Ahamove, also a child of Scommerce Group, delivers food. Delivery Now has … [Read more...] about Will Vietnamese firms miss the food delivery bus?
Accordingly, the visit of the startups aims to research its market and form new commercial connections with local entrepreneurs. They will also receive mentorship in forming the most suitable business models to successfully penetrate a targeted market. There are six mentors who will aid six corresponding startup teams, including Mr. Tran Hung Thien – General Director of the market research firm GCOMM, Mr. Pavel Poskakukhin – Deputy Director of Deloitte Vietnam. The six startups taking part in the program are owners of BuildEasy, practical solutions for real estates in the Southeast Asian area; TAG La, a gadget to find lost possession; Teleme, an application for healthcare on mobile phones in Malaysia; Telepod, a system to share e-scooters; 42Race, a social platform for fitness exercises; and PostCo, a network to solve the problem of missed deliveries in Singapore. Ms. Nguyen Phi Van, chairwoman of the consultation board of SIHub, said that besides the six assigned mentors, … [Read more...] about Southeast Asian startups visit Vietnam
Water puppetry is among the traditional art forms most recommended for foreign visitors in Vietnam. A water puppet performance Megan McCafferty from Scotland found a water puppetry show at Hanoi-based Thang Long Water Puppet Theatre, very interesting. She was recommended to see the show by her friends who had visited Vietnam. Even though the stories were in Vietnamese, she still could understand them. “It’s quite good to learn about Vietnamese tradition, culture, and history,” Megan told Vietnam News Agency. Meanwhile, Lauren MacDougan, also from Scotland, called Vietnamese water puppetry a must-see in Hanoi. “The performance was very good,” Lauren said, adding even though she didn’t understand Vietnamese language, it was easy to follow the stories. She expressed her pleasure with convenience of ticket delivery service. “We don’t have to wait. We just came five minutes before the show. It was really good.” Vera Regina from … [Read more...] about Water Puppetry can’t miss in Vietnam
Photo for illustration (Source: thoibaonganhang.vn) Vietnam is one of the world’s fastest growing e-commerce countries, according to Lai Viet Anh, Deputy Director of Vietnam E-commerce and Information Technology Agency (VECITA) under the Ministry of Industry and Trade. The country’s e-commerce is growing 35 percent per year, 2.5 times faster than Japan, he said. The number of Vietnamese businesses capable of taking advantage of the internet and technology has grown 2.1 times faster than those with less use of the internet. Small- and medium-sized enterprises (SMEs) that spend more than 30 percent of their budget on technological innovation are growing nine times faster than those spending less than 10 percent of their budget. Vietnam’s e-commerce retail sales growth in the 2016-2020 period is estimated at 20 percent per year, and the country’s total retail e-commerce sales is expected to reach USD10 billion by 2020, Anh said. However, e-commerce has faced … [Read more...] about E-commerce expected to grow strongly in 2018
Viet Nam News HCM CITY — The e-commerce market has taken off in Việt Nam thanks to booming internet usage and smartphone ownership, along with massive investments from key retail players, local media reported. Việt Nam is one of the world’s fastest growing e-commerce countries, according to Lại Việt Anh, deputy director of Việt Nam E-commerce and Information Technology Agency (Vecita) under the Ministry of Industry and Trade. “The country’s e-commerce is growing 35 per cent per year, 2.5 times faster than Japan,” Anh said. The number of Vietnamese businesses capable of taking advantage of the internet and technology has grown 2.1 times faster than those with less use of the internet. Small- and medium-sized enterprises (SMEs) that spend more than 30 per cent of their budget on technological innovation are growing nine times faster than those spending less than 10 per cent of their budget. Việt Nam’s … [Read more...] about E-commerce set for strong 2018