Viet Nam News HÀ NỘI — Two years after the walking street around the iconic Hoàn Kiếm (Returned Sword) Lake was first introduced to the Hanoians, the place has become a top destination for families and friends to hang out on weekends. But not everyone is happy with how the walking street has become a commercial centre and, some say, a big mess. The so-called walking street in the centre Hoàn Kiếm District is actually not a single street but rather comprised of 16 streets that run around and adjacent to the lake – the heart of the capital. Local authorities roughly estimate that 5,000-7,000 people flock to the walking zone during the day on weekends, and as many as 20,000 turn out at night. The largest number of people ever recorded at one time in the area was 200,000. Accompanying the crowds are activities and small businesses offering entertainment services to pedestrians, such as the toy electric cars for kids. From only a few people … [Read more...] about Walking street business boom frustrates walkers
Phone services for small businesses
Vietnam firms join Tamil Nadu food expo in India Seven Vietnamese enterprises are showcasing their products at Vibrant Tamil Nadu - Global Expo & Summit 2018 in the Indian state of Tamil Nadu, which runs from August 12-15. The food and beverage expo also features nearly 200 Indian firms and representatives from 29 other nations. Several workshops on food, processed food and beverages and measures to boost the sector’s development have been held at the event, along with meetings between participating firms and state authorities. The Vietnamese enterprises discussed the possibility of signing some memoranda of understanding on cooperation in food production and processing and on investment in industrial zones with Indian partners. Bui Trung Thuong, Chief of the Vietnam Trade Office in India, briefed Indian partners on Vietnam-India economic and trade ties, the prospects of the Vietnamese food sector and opportunities for the two countries’ businesses. India ranks 27th … [Read more...] about BUSINESS NEWS IN BRIEF 16/8
A robotic automation workshop at the Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City Unemployment threat Industry 4.0 provides new opportunities while posing many challenges. Associate Professor Dr. Tran Dinh Thien, Director of the Vietnam Institute of Economics (VIE), said industry 4.0 will affect and change most aspects of life in the world. Particularly, it will make a large number of workers in the automation industry redundant and unemployed. The impact of digital technology is spreading to each enterprise. Thien said Vietnam is highly aware of the role of information technology (IT), the number of internet and smart phone users in the country has increased dramatically, and many enterprises are infused with high start-up spirit. However, Vietnam’s index of readiness for industry 4.0 is five points lower than the average in the ten ASEAN (the Association of Southeast Asian Nations) member states, the country’s human resources and infrastructure remain weak, and … [Read more...] about Not too late for Vietnamese firms to join Industry 4.0
The proposal comes after the businesses of both operators and multimedia companies have taken a hit. At a regular meeting with MIC on June 5, VTC chairman Luu Vu Hai said the halt of scratch card payment for digital content services had greatly affected its business. Its five-month revenue and profit were only 38 percent and 33 percent of the yearly targets, respectively, partly due to restricted payment methods, he said. According to Hai, VTC is trying to overcome difficulties in payment services on its own, but without policy support from the management authority and the approval of scratch card payment, the digital content industry will still be in the back foot. Tran Manh Hung, chairman of the Vietnam Posts and Telecommunications Group (VNPT), which manages mobile phone operators VinaPhone and MobiFone, said due to the ceasing of scratch card payment for non-telecommunication services, VNPT’s May revenue had dropped by 4 percent against the same period last year while the … [Read more...] about MobiFone, VTC eye scratch card payments for services
Three giant mobile operators (Viettel, MobiFone, and Vinaphone) halted payments via phone cards for domestic digital content and online games, creating inequality as foreign application stores, specifically Google Play Store, still allow people to use phone cards for in-game payments. Mobile operators have halted payments via phone cards in late April. Photo: baomoi.com Payment via message Many popular game cards, including Garena owned by Garena Company, whose parent company is Singapore-based SEA Group, and Gate owned by MeCorp JSC, allow people to make in-game purchases via sending a text message to the call centres. With this payment option, gamers use phone cards to put money into their mobile accounts by exchanging them to game cards via text messages. However, gamers have to pay an extra 15 per cent of the phone card value. According to experts, this is a pretty clever trick. At first glance, this is just a normal way to put money into mobile accounts. However, … [Read more...] about Halting payments via phone cards: an unequal game?