Mobile World started to experiment with the 'shop-in-shop' model by selling watches in March 2019. Since then, it has achieved significantly 15 percent of market share in the watch field. The total number of watches sold in September is to reach 50,000 units, beyond the expectations of both Mobile World and local distributors. Currently, local suppliers ran out of stocks for Mobile World, that made the retailer start buying product at original source to ease off dependence on middlemen. At present, the watch retail market in Vietnam is estimated to be worth more than VND 18 trillion ($777.48 million). However, the market is quite fragmented as there is no store chain taking a market share of more than 20 per cent. Market research Euromonitor International also forecasts Vietnam’s jewelry and watch retail market to grow a compound annual growth rate of 7 per cent between 2017-2021 and reach VND 43 trillion ($1.86 billion) in 2021. The growth of the market is driven by … [Read more...] about Mobile World demonstrates strong capabilities in fashion watch distribution
Samsung seek boost mobile
At the reception (Photo: VNA) During the reception, Chairman Quynh highlighted the province’s outstanding socio-economic milestones achieved in recent years, noting that Bac Ninh represents one of the fast growing localities in the country. The local economy was ranked fourth, while production value was in the second position nationwide. Currently, Bac Ninh is home to 16 industrial parks and approximately 1,400 foreign-invested enterprises from 34 countries globally with a total investment capital of US$18.2 billion. Of the figure, more than 900 of these firms are from the Republic of Korean (RoK), which have invested over US$12 billion in the province Bac Ninh will continue improving its business environment, create favourable conditions for foreign investors, and cultivate conditions for Korean businesses to expand their investment across the locality, Quynh told his guest. When introducing the economic development of Gumi, Mr Jo Jung-moon added that the area is a major … [Read more...] about Bac Ninh seeks to further boost co-operation with RoK businesses
ThinkBook 14 Expanding the portfolio announced at Lenovo Accelerate, these new devices are built for performance and connectivity. Lenovo is also updating the ThinkBook 13s and 14s with 10th Gen Intel® Core™ processors for exceptional performance. Sleek and elegantly designed for the needs of today’s workplaces, ThinkBook laptops deliver on the promise of performance, security, and connectivity to offer a smarter working environment for style and budget-conscious customers. "ThinkBook is not just another laptop line-up. We designed ThinkBook specifically for the new workforce which comprises of Gen Z and millennials, with features and design that make it as easy and responsive as a smartphone,” said Eric Yu, senior vice president and general manager, Lenovo small- and medium-sized businesses (SMB) segment. “Not just that, ThinkBooks also ensure business-class performance and security needs are met, which frees the SMB IT manager from many hassles.” … [Read more...] about Lenovo boosts footprint with new ThinkBook laptops for SMEs
Since the third quarter of 2018, Samsung Vietnam has no longer served as a driving force for Vietnam’s GDP growth, as the company has entered the phase of stable growth and its parent company Samsung Electronics is under pressure from unfavorable global economic environment, according to KB Securities. Illustrative photo. The securities company projected Vietnam’s GDP growth in the fourth quarter this year to reach 6.95 – 7%, taking the whole-year growth to nearly 7%. KB Securities expected the disbursement rate of public investment to play a more active role for GDP growth in the remaining months, thanks to drastic measures from the government. Data from the Ministry of Finance revealed the disbursement rate in the first nine months of 2019 was around 45% of the target set by the National Assembly. Meanwhile, exports are predicted to pick up where it left off in the previous period, thanks to the recovery of Vietnam’s smart … [Read more...] about Samsung no longer driving force for Vietnam’s economy
Dang Hoang Hai, Head of the Ministry of Industry and Trade’s Department of E-commerce and Digital Economy; Pham Trung Kien, Director General of Viettel Digital, Phung Anh Tuan, Vice President and General Secretary of the Viet Nam Association of Financial Investors According to the Central Institute for Economic Management, the use of cash for payments is a deep-rooted habit in Viet Nam with cash transactions accounting for 90%. Up to 99% of population use cash for payments of less than VND100,000 and nearly 85% use ATMs for cash withdrawal, reported the Institute. Dang Hoang Hai, Head of the Ministry of Industry and Trade’s Department of E-commerce and Digital Economy. Photo: VGP Recent developments of non-cash payments Dang Hoang Hai: Data shows that there have been fast-changing trends, including non-cash payment in our society. Accroding to the State Bank of Viet Nam, non-cash transactions grew by 30% in terms value of non-cash payments increased by 18% in … [Read more...] about Should telecom accounts give strong boost to cashless payment development?