Retail property management

The talk show on Innovative Solutions & Substitutes for Single-use Plastic towards Green Consumption The talk show saw the participation of representatives from the Ministry of Industry and Trade (MoIt), Ministry of Natural Resources and Environment (MoNRE), and three major retailers in Vietnam. The participants discussed innovative and sustainable solutions for substitutes for single-use plastics. They also highlighted existing consumption habits and their future plans which will contribute to the promotion of sustainable consumption. During the discussion, Vu Minh Ly, deputy director of the Communication Center for Environmental Resources at MoNRE mentioned a new highlight in plastic waste management. The revised Law on Environmental Protection (LEP) 2020 considers waste a form of resource, which is a groundbreaking new approach to waste management. Numerous policies and incentives are in place to encourage businesses to minimise single-use plastic, aiming to achieve … [Read more...] about Retailers endeavor to promote sustainable consumption patterns

Curbs to stop the virus in Shanghai, China's fashion capital, ground the city of 25 million to a halt in April and May, leaving clothing and beauty product displays in stores untouched and containers of imported apparel stranded at port. The city's re-opening this month saw a flood of goods ship from warehouses to store shelves already laden with merchandise unsold during two months of lockdown. Normally around a fifth of all imported goods coming into China pass through Shanghai's port. Days after Covid-19 curbs eased, large "sales" signs went up across Shanghai, with retailers from Lululemon to Victoria's Secret offering discounts to lure shoppers. Even online retailers have struggled to clear a glut caused by lockdowns and supply interruptions. "This affected us a lot," said Josh Gardner, founder and chief executive of China market e-commerce partner Kung Fu Data, which manages online stores for 10 fashion brands, including G-Star Raw. "In April, May on (China's major … [Read more...] about Shanghai’s fashion stores struggle to clear lockdown stock hangover

Danang is now ripe for 5-star hospitality success The 16th edition of the Asian Route Development Forum (Routes Asia 2022) was held in Danang on June 6 for the first time. Routes Asia brings together policymakers from the world’s leading airlines, airports, destinations and aviation suppliers, and this time around the event wants to realise action plans and accelerate Asia-Pacific economic recovery. “We see this as a significant opportunity to exchange information and seek partnership, as well as to invest in the development of aviation, tourism, and logistics,” Chairman of Danang People’s Committee Le Trung Chinh stated at the event. “This is also an opportunity for the city to showcase our natural beauty, people, and socioeconomic achievements and the tourist industry in particular, to investors and visitors from across the world.” According to research by Savills World Research last year, the coastal city is one of the leading destinations for major international brands in … [Read more...] about Second-home market blossoms in Danang

Matthew Powell, director of Savills Hanoi How does Savills assess the trends and demand for office real estate going forward? Matthew Powell: It's really positive that the demand has been so strong post-pandemic. For the most part, many companies have survived well and on return to the office, everything has gone smoothly – especially in sectors such as technologies, IT, insurance, and manufacturing. Foreign direct investment has been a big demand driver for office space, so we've been very pleasantly surprised to see that. All the new office space we're working on has been expanding into nicer offices or been from new companies opening for the first time in Vietnam. Vietnamese corporates are expanding, so on the demand side, it's been very encouraging. For example, we're expanding our office this year and moving to a hybrid working style as well, so there has been a change in the way offices are used. How do you see the movement of office real estate and its … [Read more...] about Rising demand for green-certified office spaces and hybrid working: Expert perspectives

Acknowledging the importance of consistent distribution system development, all fueling stations and franchised retailers of the branch meet management, technical, fire prevention and treatment, and environmental hygiene standards. Fueling stations are equipped with advanced machinery and equipment, with modern management software helping ensure safe, professional services. The Petrolimex brand is fully and consistently identified throughout the system, leaving a good impression on customers, said the branch’s director Tang Van Troi. The branch is focusing on intensive development of its retail system, protecting the brand and fighting against commercial fraud, and environmental protection. It works closely with relevant state agencies to protect its brand and promote brand identification, aiming to ensure consumer interests. The brand takes the initiative in cooperating with state authorities to strengthen inspection and control of commercial fraud in petroleum business … [Read more...] about Hai Duong Petroleum Branch promotes the Petrolimex brand

A Con Cung store. — Photo concung.com The retail market of products for mothers and babies is booming as interest in health is increasing, especially for vulnerable groups such as families with infants and children. The trend to go to specialised supermarkets for mothers and babies has become popular in large centres such as Ha Noi and HCM City and has spread to many cities across the country. Increasingly, modern life makes the demand for shopping in the mothers and babies sector rise. It is not difficult to find baby supermarkets anywhere, such as Con Cung, Bibomart, Kids Plaza, Shop Tre Tho, Tuti care and more. Even nursing mothers do not need to go out but can order products of authorised brands in the market on reputable online sales sites such as Shopee, Tiki, and Lazada so as not to waste time travelling. The attractiveness of the new shopping trend for breastfeeding mothers, along with the large market size, up to billions of U.S. dollars, has lured many large … [Read more...] about Mothers and babies sector booming in VN

Human resources readiness In 2021, the corporation spent VND56.5 billion on operating a misting system against dust, treating mining and domestic wastewater, planting trees, dredging sumps and renovating the environmental landscape at production sites. The corporation also built works to prevent and minimize damage from heavy rains and storms, such as dredging streams, ditches and sewers; digging sumps; repairing warehouses, and testing electrical equipment, as well as procuring materials and equipment and maintaining high alert in case of heavy rains and storms. “The Steering Committee for Disaster Prevention and Rescue of the corporation and other member units have well prepared for the task, always having a group on duty around the clock until the storms end and are always ready to deal with arising problems. In addition, the corporation has also closely coordinated with local authorities in dealing with impacts on trees, crops and properties caused by storms to the … [Read more...] about VVMI synchronizes coal mining with environmental protection

Reporter: The adoption of VNLOS could be considered the localization of the UNCLOS in Vietnam. Could you please  elaborate more about the policy and principles of Vietnam when applying the above two legal documents to the demarcation of waters and dealing with arising issues at sea in reality, sir? Senior Lieutenant General Nguyen Chi Vinh: First, There are two basic legal documents that we rely on when exploiting resources, protecting and operating in Vietnamese waters. They are UNCLOS internationally and VNLOS domestically. At present, there are a lot of conventions, international laws or legal documents. They are not issued by any courts, but built based on the commitments of coastal and island states. Due to the characteristics of UNCLOS, each country needs to devise its own law of the sea, but basically all of those laws must comply with and be based on UNCLOS. Generally, international conventions or laws at large, not only on the sea, are loose to some extents, but first … [Read more...] about Part 3: Upholding VNLOS is upholding international law

In the past two months, Vietnam’s retail fuel prices have set up new records five times. Curbing the rise of petrol prices are essential for Vietnam to contain inflation, stabilize macro-economic conditions, and support economic recovery, for which scrapping excise tax on this product should be considered. A petrol station in Hanoi. File photo The Vietnam Chamber of Commerce and Industry (VCCI) gave its view on the draft resolution of the Ministry of Finance (MoF) on revising the tax rates for petroleum products. The move, however, could only be seen as a long-term solution, as any decision on the cut of excise and value-added taxes for petrol products are subject to the ratification of the National Assembly, with the upcoming session scheduled to take place in late 2022. In this regard, the VCCI expressed its support for MoF’s suggestion to further cut the environmental protection tax on fuels and gas products, saying such a move could be done right in … [Read more...] about VCCI proposes to scrap excise tax on petrol

The agreement signing ceremony between IHG Hotels & Resorts and Sun Hospitality Group to develop products and services in Viet Nam. — Photo Courtesy of IHG Hotels & Resorts IHG Hotels & Resorts (IHG) has recently announced a strategic alliance framework agreement with Sun Hospitality Group (SHG) to introduce fresh and innovative concepts, experiences and products in Viet Nam. As part of the agreement, the two companies intend to collaborate on learning and development, quality assurance, the joint creation of new lines of products and services, and corporate social responsibility efforts in the country. The two companies also signed a Memorandum of Understanding to explore further projects, starting with the development of a range of Vignette Collection onsen-wellness resorts and products across Viet Nam, in collaboration with world-renowned spa and wellness consultant Raison d’Etre (RdE). Vignette Collection, which is IHG’s newest luxury and lifestyle brand, is a … [Read more...] about IHG announces alliance framework with Sun Hospitality