Mai Linh launches cooperative to attract idle cars Mai Linh Group on November 15 will officially introduce and start the operation of Hoa Binh Xanh Taxi Cooperative in HCMC, which will call for the participation of owners of idle cars. According to the group’s press release, the cooperative is expected to offer more choices to the group’s customers. Early joiners of Hoa Binh Xanh Cooperative will be exempt from the management fee until December 31. They will also receive a uniform, free training courses and practicing certificates. After that, they will have to pay the management fee of only 13.9% of revenues for the duration of their contracts. Hoa Binh Xanh Cooperative will share Mai Linh’s taxi booking app and use call center 1055. The cooperative’s taxicabs will not be forced to have bright colors or be repainted in green, the traditional color of Mai Linh. However, they will have a lightbox highlighting the word “Taxi,” the Hoa Binh Xanh logo … [Read more...] about BUSINESS NEWS IN BRIEF 15/11
Trees planted in israel
Interest in Singles’ Day sales skyrockets in VN An analysis conducted by online shopping aggregator iPrice found that Việt Nam’s interest in November 11 Singles’ Day sales skyrocketed this year. According to internet traffic data, the company discovered a huge jump of 210 per cent in the number of customers participating in the Singles Day sales in Việt Nam compared to the same time last year. By analysing Vietnamese search trends on Google, iPrice found that keyword searches for “November 11” began growing steadily nearly two weeks prior to the date, three times higher in search interest compared to the same period last year. In addition, Vietnamese consumers were now much more familiar with the November 11 tradition which originated from China, and excitedly look forward to it as an important annual promotion period. For the event, big merchants offered different promotions with discounts being the most popular, together with vouchers, flash … [Read more...] about BUSINESS NEWS IN BRIEF 13/11
Middle East, Africa untapped Vietnamese firms have failed to fully exploit the promising Middle Eastern and African markets, despite encouraging export turnovers they have earned from these countries in recent years, a seminar heard in Ha Noi yesterday. Countries in these regions had high import demand for food, agricultural, seafood and consumer products that Vietnamese enterprises were capable of providing, said Ngo Khai Hoan, deputy head of the Ministry of Industry and Trade's Africa, West and South Asia Markets Department. As well as these reviewed items, the Middle Eastern nations alone had rising demand for construction materials, electronic cables, home decor, milk and milk products as well as office machinery and equipment. Also goods that would be to Viet Nam's advantage, Hoan said. In order to foster exports to these lucrative markets, domestic enterprises had to revise their business strategies with focus on improving their distribution channels while developing new ones, … [Read more...] about BUSINESS IN BRIEF 21/8
Vietnam emerges top export market of ROK Vietnam has emerged as one of the top three export destinations for the Republic of Korea (ROK), according to statistics from the Korea International Trade Association (KITA). The ratio of exports to Vietnam as a percentage of the East Asian country’s total exports for the seven months leading up to August jumped to 6.4%, nearly half (46%) of the 14% ratio for exports to the US. During the seven months, exports out of the ROK to Vietnam totalled US$18.0215 billion, up 10.1% on-year, while concurrently overall total exports out of the ROK declined by the same 10.1%. Of the top four export markets for the ROK, only exports to Vietnam showed growth with exports to China, the US and Japan (the first, second and fourth largest export markets) having fallen 13.5%, 5.4% and 12%, respectively. Last year, Vietnam became the fourth-largest export destination for the ROK by surpassing Japan. Such a rapid rise in the significance of Vietnam to the ROK … [Read more...] about BUSINESS IN BRIEF 20/9
Israel's lesson was learned by a province in Vietnam: they paid several million USD to import two glasshouses, which were unused, and planted fruits and vegetable in outdoor gardens. Technical import Israel's policy on giving priority to agricultural development was issued in 1948. Thanks to the policy, one million Israeli people who live on the desert were sufficiently supplied with food, even in the wartime. Ten years later, in 1958, Israel exported agricultural products to Europe and even Africa. Israel's success was learned by a the authorities of a province in Vietnam. They spent several million US dollars to import two modern glasshouses from Israel. These glasshouses have automatic doors, automatic watering system, air conditioners, blowers, rain spraying machines, etc. In 2009, some experts paid a visit to this province and asked managers of the glasshouses there: "The outdoor vegetable garden is very green, with natural wet atmosphere, why do you have to plant … [Read more...] about Will Vietnam become the second Israel?