GrabFood expansion: Risky or wise? First of all, it is obvious that the on-demand food delivery market in Vietnam has great potential. According to Euromonitor, the Vietnamese market has a growth rate of 11 per cent per year, and is expected to be worth $38 million by 2020. Besides some big players with a firm position in the market such as Foody, Now.vn, and Vietnammm, users also witnessed some well-known brands withdrawing from the food delivery market due to the huge competitive pressure such as Foodpanda or Lala. This proved that the food delivery market is not an easy market to operate in. As a newcomer among its rivals, GrabFood proved its strength with remarkable milestones on the journey to expand its domestic operation. After the impressive success in Ho Chi Minh City, Hanoi, and Danang, it continued to launch, at the same time, in 12 new provinces and cities, bringing the total number of locations where GrabFood is present up to 15 cities and provinces and becoming the … [Read more...] about GrabFood expands to 12 new cities and provinces: Risky or wise?
New city investment managers
Hai Phong port investment, management make spotlight at Cabinet…
Overview of the meeting (Photo: VNA) After listening to a report on matters related to the port, located in the northern city of Hai Phong, the PM clarified that the planning and investment of the port must be made coherent to improving the national competitiveness and ensuring that the Lach Huyen deep-sea port becomes a factor attracting investors to Hai Phong. As the port is significant to the whole northern region, it is necessary to focus resources to expanding it in a more rapid manner, he said. The PM assigned the Ministry of Transport to work with Hai Phong to review the project and submit a report to him at an early date. Regarding the management model of the port, the PM asked the Ministry of Justice to coordinate with the Ministry of Transport and the People’s Committee of Hai Phong to deal with the issue in line with the law, but to make sure that there will be no additional agencies and personnel for the work. Under the planning, Hai Phong ports will handle 109-114 … [Read more...] about Hai Phong port investment, management make spotlight at Cabinet…
Hai Phong port investment, management make spotlight at Cabinet meeting
Overview of the meeting (Photo: VNA) Hanoi (VNA) – Several important issues, including the investment, management and utillization of wharfs in Hai Phong International Gateway Port, were discussed during a meeting of the Cabinet chaired by Prime Minister Nguyen Xuan Phuc on August 24-25. After listening to a report on matters related to the port, located in the northern city of Hai Phong, the PM clarified that the planning and investment of the port must be made coherent to improving the national competitiveness and ensuring that the Lach Huyen deep-sea port becomes a factor attracting investors to Hai Phong. As the port is significant to the whole northern region, it is necessary to focus resources to expanding it in a more rapid manner, he said. The PM assigned the Ministry of Transport to work with Hai Phong to review the project and submit a report to him at an early date. Regarding the management model of the port, the PM asked the Ministry of Justice to coordinate with … [Read more...] about Hai Phong port investment, management make spotlight at Cabinet meeting
Vietnamese cities seeing some of world’s most rapid economic growth: report
Ho Chi Minh City has been ranked third and and Hanoi sixth on a new survey that measures urban centers’ short-term growth and modernization pace around the world. The cities are attracting sizable volumes of foreign direct investment as they integrate into regional and global supply chains for high-technology manufacturing, American investment management company JLL (Jones Lang LaSalle Inc.) said in its City Momentum Index 2018. Such global attention, which is expected to continue in the near future, is helping to spur rapid economic and income growth, leading to among the world’s highest rates of increase in retail sales and air passenger numbers, it said. Vietnam's actual foreign investment reached an all-time high of $17 billion last year, when its aviation industry also served a record number of more than 94 million passengers. Stephen Wyatt, regional director of JLL Vietnam, said that seeing the Vietnamese cities in the top 10 "is not surprising." "The pace of … [Read more...] about Vietnamese cities seeing some of world’s most rapid economic growth: report
Japan firm to build Binh Duong smart city
Becamex IDC and Japan’s Nippon Telegraph and Telephone East Corporation sign a memorandum of understanding for building a smart city in the southern province of Binh Duong on Monday. Photo Nguyen Van Viet Construction and development giant Becamex IDC and Japan’s Nippon Telegraph and Telephone East Corporation (NTT East) on Monday signed a memorandum of understanding for building a smart city in the southern province of Binh Duong. Under the MoU, NTT Vietnam will collaborate with Vietnam Technology & Telecommunication JSC, a subsidiary of Becamex IDC, to provide information technology and telecommunications services to customers in industrial parks and urban areas developed by the Vietnam Singapore Industrial Park (VSIP). The tie-up will also include human resource training and technology transfer and implementation of measures to enhance the quality of services. The two sides will also do research on a feasibility study to instal public wi-fi in Binh Duong New City … [Read more...] about Japan firm to build Binh Duong smart city