Operating leverage helps in analysis of

Ring road plan to transform market - Illustrative photo (Source: VNA) The government has asked the National Assembly (NA) to consider and decide on the policy for investing in the ring roads to be located in the country’s two biggest cities. Tran The Anh, sales director of Thang Loi Group, said that the land fund in inner cities is increasingly exhausted and prices are high, with investors turning to suburban real estate. “There is a thirst for houses for those living and working in Ho Chi Minh City in particular,” The Anh said. “The shifting trend of investors and individual financiers is also creating a new vitality for the real estate market in the suburbs.” One of the issues discussed by NA delegates and experts is how to exploit the land fund around the two ring roads, which will soar in value. Already in many places, the price of land in the area has increased dozens of times over. “Because the two routes will open up a vast land fund, the management of auctions of … [Read more...] about Ring road plan to transform market

Jesse Choi, CEO of Sunwah Innovations and director of Sunwah Vietnam talked about Vietnam's market entry opportunities and strategy The webinar received around 100 participants including experts and representatives of corporates, startups, universities, incubators and accelerators, venture capital firms, and business associations from Vietnam and neighbouring countries and territories including Cambodia, Singapore, Japan, South Korea, China, and Hong Kong. Vietnam has seen significant improvements in developing a dynamic and open business environment. In the post-pandemic period, the country stands firm as one of the most attractive destinations in the Southeast Asian region for foreign investors and businesses including venture capital firms and startups. Realising an increasing need from overseas startups and supporting organisations to explore and gain footholds in the market, Sunwah Innovations organised the Vietnam Market Entry Opportunities and Strategy webinar. It was … [Read more...] about International webinar on Vietnam’s Market Entry Opportunities and Strategy

From May 24 to June 30, the Vietnam Private Sector Competitiveness Enhancement Project (USAID IPSC), has organised a 5-week training course called “E-commerce – a must in Industry 4.0”, as part of its cross-cutting market expansion support package for Vietnamese businesses. At the end of the course, participants attended the event “Connecting business with domestic and international e-commerce platforms” to learn from successful, real-world experiences from e-commerce platforms including Amazon Global Selling and Shopee. According to Nguyen Thi To Uyen, head of the building business management capacity at USAID IPSC, the project is funded by the United States Agency for International Development (USAID), with the support of the Ministry of Planning and Investment as the government partner. The expert also showed participants how to use analysis tools from Amazon as well as other platforms for conducting market research and store management. Lasting for five years, the … [Read more...] about USAID IPSC Project connects Vietnamese enterprises with e-commerce giants

Rice harvesting in Vũ Thư District of Thái Bình Province. — VNA/VNS Photo Thế Duyệt THÁI BÌNH­ — Thái Bình Province, dubbed the 'hometown of rice', has many advantages in rice production thanks to the natural conditions, climate, irrigation infrastructure and high level of intensive farming. However, large-scale production and building a Thái Bình rice brand for export are still facing many difficulties. Production is not currently commensurate with the inherent potential. Currently, the province is the locality with the second-largest cultivated rice area in the Red (Hồng) River Delta region, with an area of nearly 150,000 hectares with an output of over 1 million tonnes per year. Instead of using the traditional farming methods, Thái Bình farmers have boldly applied scientific and technical advances in production to free up labour and improve productivity. In recent years, the local farmers have been growing high-quality rice varieties with an average planting area of … [Read more...] about ‘Rice hometown’ Thái Bình Province strives to enhance rice quality, branding

Tôn Thanh Trà, General Director of Chợ Rẫy-Phnom Penh Hospital, gives a health check-up to a patient at the hospital in Phnom Penh, Cambodia. — VNA/VNS Photo HÀ NỘI — One evening, doctors at Chợ Rẫy-Phnom Penh Hospital received a red alarm from the Emergency Department. A female patient had arrived in the emergency room in a state of confusion. She had trouble speaking and paralysis on the right side of the body. After examination and the necessary tests, doctors diagnosed the patient as suffering a stroke caused by atrial fibrillation and tachy-brady syndrome. After consultation, it was decided the patient needed a permanent pacemaker. The surgery was performed that night. It was incredibly successful. The patient was in stable health condition and discharged from the hospital four days later, to the joy of family and relatives. This was one of the thousands of timely life-saving cases that Vietnamese doctors successfully performed at the Chợ Rẫy- Phnom Penh Hospital in … [Read more...] about Vietnamese doctors gain Cambodian people’s trust

Vietnam remains a favorite destination for foreign firms seeking to shield from a combination of geopolitical tensions, rising operational costs thanks to the country’s strong economic performance in recent years. Foreign Direct Investment (FDI) commitments in the first half of 2022 reached over US$14.03 billion, equivalent to 91.1% of the same period last year, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown. Production at Rhythm Precision in the Noi Bai Industrial Park, Hanoi. Photo: Pham Hung In the six months, 752 new projects have been approved with total registered capital of $4.94 billion, down 6.5% in the number of projects and 48.2% in capital year-on-year, while 487 existing projects have been injected an additional $6.82 billion, up 5.9% in number and 65.6% in capital. Meanwhile, 1,7077 projects had nearly $2.27 billion contributed by foreign investors, which was down 8% in several … [Read more...] about FDI commitments to Vietnam reach over US$14 billion in H1 2022

Plantations dreaming of FSC status for rubber products, Photo: Duc Thanh Nguyen Vinh Phuong, the owner of a 150-hectare rubber plantation area in the south-eastern province of Tay Ninh has recently spent more time studying the process of obtaining the FSC certification. Although he is interested in cultivating sustainable rubber, he remains hesitant to implement this process. Phuong pointed out that the rule of a 10-per-cent conservation area seems to be an infeasible requirement for small operators of plantation areas. The rule would mean that Phuong would lose $1,500 over 10 days of rubber tapping if he saved 10 per cent of his 150-ha plantation area for conservation. Besides state-owned companies like Tan Bien Rubber and Tay Ninh Rubber, there are 12 private firms competing to source rubber. Phuong was certain that he would not lose VND105 million ($4,520) per month during the tough market caused by rising production expenses, the shortage of rubber tappers and the … [Read more...] about Plantations dreaming of FSC status for rubber products

Mindset change coming from the top at BAEMIN Some argue that the proliferation of online shopping and food ordering services has increased the demand for single-use plastic. How big a problem is this? Plastic waste is definitely among the most pressing issues that the food tech industry needs to find solutions for, besides food waste and increased carbon footprint. While people usually mention plastic waste only, I think it’s equally important to factor in other aspects of environmental challenges in the food technology industry that we face so we can come up with more solutions. Since 2020 in many parts of the world, the use of single-use and disposable food packaging has increased as some believe it to be safer and more hygienic. Users, although becoming more environmentally conscious, seldom consider using leftovers for future meals or reusing meal boxes, plastic bags, or disposable cutlery. To renovate ourselves, we need to find a better solution because packaging … [Read more...] about Mindset change coming from the top at BAEMIN

As a new university graduate who wants to own a business and create jobs for young workers, Nguyen Van Tien, residing in District 5, Ho Chi Minh City, chose to start his business by collecting waste. When he was a student of the Saigon Technology University, Tien set his career plan of running a company instead of being in someone’s employment. He started his recyclable waste collection business in 2012. When collecting recyclable waste for local children’s small social plans, Tien thought that those materials could be reused and it was wasteful to get rid of them. The saying 'one man’s trash is another man’s treasure' inspired him to collect recyclable waste and establish a company operating in scrap management and recycling. Every day, Nguyen Van Tien rolls up his sleeves to directly involve himself in the waste collection. His employees collect recyclable waste at locations as agreed, including trade centers, convenience stores, and schools. Waste will … [Read more...] about Young Vietnamese starts business collecting waste

The system connects the regional center for supporting flash flood warnings in Southeast Asia and those across the world. Southeast Asia Flash Flood Guidance System (SeAFFGS) has just been put into operation in Vietnam this week, according to the Meteorological and Hydrological Administration of Vietnam (VNMHA) under the Ministry of Natural Resources and Environment (MoNRE). The World Meteorological Organization (WMO) and the VNMHA  held a conference on June 28 to announce that Vietnam will assume a central role in forecasting landslides and flash floods. The SeAFFGS project aims to provide forecasts and early warnings for member countries in Southeast Asia, including Vietnam, Laos, Cambodia, and Thailand, with a funding of US$1.3 million. Delegates discuss flash floods and landslides in Southeast Asia. Photo: Thu Cuc Addressing the event, General Director of the VNMHA Tran Hong Thai said the SeAFFGS is part of the WMO's global flash flood guidance … [Read more...] about Vietnam hosts flash flood guidance system in Southeast Asia