DOCSLIB.ORG

Finance Vietnam News

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Finance Vietnam News finance & business news 21 June 2021 FINANCE . 2 IPs in Dong Nai take measures to prevent COVID spread Reference exchange rate up strongly at week's beginning 2 from HCM City 35 Bank deposits grow slowly amid low interest rates 2 Contactless delivery in pandemic in HCM City 35 Delicate balance needed to address Vietnam's property Hairdressers, manicurists make house calls to survive Covid 36 risks: HSBC. 2 Coworking space companies respond to Covid with new solutions 37 Credit increases steadily, where has capital flown? 3 HCM City business premises rents continue downward spiral 38 TPBank approved to increase charter capital by VND1 trillion 4 Bac Giang compiles three scenarios for lychee WB warns of shrinking production amid COVID-19 outbreak 5 consumption amid Covid-19 39 Positive factors in place for economic growth in 2021 6 Points of sale in quarantine areas proposed to resume Vietnam's path to prosperity 8 operations soon 40 Will 24 years be enough for Vietnam to become a Free rides to COVID vaccination centres: Gojek's week-long offer 40 developed country with high income? 9 Japfa Vietnam donates $1 million to the COVID-19 vaccine fund 40 Overhaul in motion for ODA utilisation 11 Taiwanese footwear maker suspends 18,000 workers Multitude of options on table for further tax interventions 13 over Covid-19 linkage 41 Squid exports to China continue to surge 15 Many provinces and cities ask for 5G coverage 41 Fertiliser prices continue to increase: MoIT 15 Vietnamese lychees confident of winning over consumer Feed price increase drives fish farmers to dispair 16 taste in Netherlands 42 Origin fraud may erode Vietnamese rice's prestige: insiders 16 E-commerce platforms unwilling to pay taxes on sellers' behalf 43 Garment production may slow down over Covid-19 17 Firms stand ready for digital transformation in agriculture 43 Singapore committed to cooperating closely with Vietnam Trading with a digital tint 44 for post-pandemic recovery 18 Breaking through prejudices holding back female founders 46 Argentina hopes for strategic partnership with Vietnam: HCM City proposes railway connecting Tan Son Nhat ambassador 19 and Long Thanh airports 48 Vietnam ready to assist Tanzania in agricultural development: Shophouse Metro Start on right track for completion ambassador 20 with Metro Line 1 48 VN to develop eco-friendly construction materials 20 HCM City lifts lockdown at SP-ITC container port 49 Experts support proposal to open fuel market to foreign investors 21 Helping others make informed decisions 50 Bac Lieu to expand large-scale agricultural production 22 CAAV discusses establishment of VN's first cargo airline 52 Long An improves efficiency of public investment 23 Vietnam Airlines gets nod to operate flights to Canada 52 Long An to have 4 new industrial clusters this year 23 Don't delay moves in developing a small business Many enterprises return to domestically-made raw materials 24 restructuring plan 53 Coffee chains still grow amid pandemic 25 First gas pumped out of Su Tu Trang oil field in phase 2A 54 Property market to face three big pressures: expert 26 Digital foundations for increased SME agility 55 Demand for industrial land frozen amid Covid 27 Thuduc House sells stakes in divestment spree 57 Resort real estate sales plummet over Covid-19 impacts 27 SABECO to support national football teams for one year 57 BIZ NEWS . 28 For Sanofi, environmental protection is part of business 58 VN Index hits new peak on strong cash flow 28 Norway provides $1.3 million for waste management Shares to move up but investors should be cautious 28 project in Vietnam 59 Beverage stocks face more challenges despite positive First outdoor Vietnamese cuisine festival held in Paris 60 results in Q1 29 International expo on support industries slated for October 60 Factors keeping capital flowing into Vietnam stock market remain unchanged. 30 Government urged to require universal Covid-prevention regulations in all provinces 31 Public transport vehicles and app-based cars suspended in HCM City 33 JUNE 20: Sinopharm vaccine arrivals in Vietnam 33 Technologya prong in COVID-19 response strategy 34 Intellasia Tel: +844 2213 2244 No. 21, lane 173/63/17, Ngoc Ha Ward, Ba Dinh Dist, Hanoi Fax: +844 3759 2034 © All Rights Reserved Email: Office@intellasia.com Websites: www.Intellasia.Net www.TriTueAChau.com Vietnam finance & business 21 June 2021 FINANCE FINANCE Reference exchange 21/JUN/2021 INTELLASIA| VNA rate up strongly at The State Bank of Vietnam set the daily reference exchange rate at 23,167 VND per week's beginning USD on June 21, up 19 VND from the last working day of previous week (June 18). With the current trading band of +/- 3 percent, the ceiling rate applied to commercial bank during the day is 23,862 VND/USD and the floor rate 22,572 VND/USD. The rates listed at commercial banks all went up strongly. At 8:40 am, the rates at Vietcombank stood at 22,870 VND/USD (buying) and 23,100 VND/USD (selling), both up 40 VND from June 18. BIDV added 35 VND to both rates, listing the buying rate at 22,900 VND and the sell- ing rate at 23,100 VND/USD. During the week from June 14 to June 18, the daily reference exchange rate was adjust- ed down on Monday but then around to follow an upward trend until the end of the week. It ended the week up 49 VND compared to the rate on Monday./. https://en.vietnamplus.vn/reference-exchange-rate-up-strongly-at-weeks-beginning/ 203362.vnp Bank deposits grow 21/JUN/2021 INTELLASIA| VNEXPRESS FINANCE slowly amid low Bank deposits made by individuals in the first four months were up a mere VND120 interest rates trillion ($5.2 billion) year-on-year, the lowest rate of increase in the last six years. The increase was only half that in the same period in 2019, the year before the Covid- 19 pandemic broke out. Since the end of 2019, deposit interest rates have fallen by 1.5-2.5 percentage points. The State Bank of Vietnam has also cut policy rates as banks have large amount of cash while businesses struggle to borrow as a result of the pandemic's impacts. Analysts said people are withdrawing money from bank accounts to invest in stocks, a new asset class for many Vietnamese, as they seek to make quick profits in a booming market. Over 113,000 trading accounts were opened last month, the highest monthly figure ev- er. Trading on the main bourse, the Ho Chi Minh Stock Exchange, in May rose by 53 per- cent from December to VND438.75 trillion. https://e.vnexpress.net/news/business/data-speaks/bank-deposits-grow-slowly- amid-low-interest-rates-4296560.html Delicate balance 21/JUN/2021 INTELLASIA| HANOI TIMES needed to address The State Bank of Vietnam (SBV) is facing a delicate balance of curtailing excessive Vietnam's property lending to real estate developers while reducing imminent Covid-19 risks to the sector, risks: HSBC. according to HSBC. Referring the property sector as an increasing source of growth for Vietnam, the bank in its latest report noted real estate activity in the country accounts for 8 percent of the GDP, while the ratio in Asean is between 5 percent and 15%. "The memory of a housing bubble of 2007-12, which ultimately led to a prolonged banking crisis, looms large in the collective conscience. Even after a gradual recovery in the banking sector, real estate loans continue to account for a large proportion of bank balance sheets," noted the HSBC. While some banks do not have a specific classification on loans to the real estate sector, balance sheets of the "Big-4" SOE banks [Vietcombank, Vietinbank, BIDV, Agribank] reveal a key linkage with the associated construction sector, stated the bank. As the real estate market has been hit by the pandemic, there are signs that it is recov- ering. Although output fell in year-on-year terms in the second and third quarters of last year, it registered a strong rebound from the fourth quarter. Meanwhile, property prices continue to rise, partly due to accommodative monetary policy that offers low-interest rates and abundant liquidity, along with a sharp rise in the price of luxury condos, growing 9 percent year-on-year 2020 vs. a 4-5 percent price increase in the mid-end and affordable segments. Demand for luxury and high-end properties remains elevated, with their market share increasing from less than 30 percent of total units sold in 2019 to more than 70 percent in 2020. According to the HSBC, FDI data suggests that even though new FDI inflows into the Intellasia 21 June 2021 2 / 60 Vietnam finance & business 21 June 2021 real estate sector increased more than 200 percent year-on-year as of May, FDI was largely concentrated in manufacturing. "This means that price rises are mainly due to domestic investors," noted HSBC. Rising housing prices limit the central bank for further rate cuts Along with price rises, there has been a surge in credit channeling into the sector, prompting the SBV to called for commercial banks to enhance their risk management operations. Statistics data suggests that credit growth in the real estate sector accelerated to 15 per- cent year-on-year in January and February, exceeding the SBV's target of 12%. "If the property market shows more signs of overheating, there is scope for the SBV to do more, such as introducing more restrictive macro-prudential measures or further tighten its quantitative [credit] quota. That being said, there is also a risk that the most recent wave of Covid-19 may complicate the process, given the adverse impact on Vi- etnam's growth," stated the HSBC.
Load more
Loading...
Loading...
Loading...
Loading...
Loading...

55 pages remaining, click to load more.

Recommended publications
  • Ready for a Changing Journey
    04 05 P The road beyond P Motor sport COVID-19: how prepares to fuel travel is adapting up for the future / The pandemic has had / Pursuing sustainability, COVER a huge impact on mobility POWER the pinnacle of motor STORY patterns, but which trends SHIFT sport is researching are here to stay? advanced fuels 04 06 P Racing towards P Jochen Rindt: sustainability Formula 1’s on two wheels lost champion / Formula E driver Lucas / Marking 50 years since ssue ELECTRIC Di Grassi is on a mission TRIUMPH AND the death of grand prix #32 DREAMS to take green motor sport TRAGEDY racing’s only posthumous to the limits – by scooter title-winner Ready for a changing journey FIAAutoMagazine_11_20.indd 1 02.11.20 16:01 AUTO MAGAZINE • 280 x 347 mm PP • Visuel : PILOT SPORT • Remise le 4 novembre • Parution 2020 BoF • BAT MICHELIN PILOT SPORT VICTORIES IN A ROW AT THE HOURS OF LE MANS t-Ferrand. – MFP Michelin, SCA, capital social de 504 000 004 €, 855 200 507 RCS Clermont-Ferrand, place des Carmes-Déchaux, 63000 Clermon Michelin Pilot Sport The winning tire range. Undefeated at The 24 Hours of Le Mans since 1998. MICHELIN Pilot Sport (24 Hours of Le Mans Winner), MICHELIN Pilot Sport Cup 2 Connect, MICHELIN Pilot Sport 4S. MICH_2011010_Pilot_Sport_560x347_Auto_Magazine.indd Toutes les pages 04/11/2020 18:02 INTERNATIONAL JOURNAL OF THE FIA Dear reader, dear friend, Editorial Board: Jean Todt, Gérard Saillant, THE FIA THE FIA FOUNDATION Freedom of movement is one of the great benets of everyday life that Saul Billingsley, Olivier Fisch Editor-In-Chief: Justin Hynes in the past many of us have too often take for granted.
    [Show full text]
  • Despite Tragic War Events, Vietnam Has for Years Been and Still Is, an Attractive Destination for Backpackers and Tourists
    Despite tragic war events, Vietnam has for years been and still is, an attractive destination for backpackers and tourists. Vietnam is intriguing in so many ways, but my top reason is the food and the culture. So, where in earth is Vietnam? Vietnam shares borders with China in the north, Laos and Cambodia to the east. You can easily visit Vietnam from Laos and Cambodia through land crossings (PS: Check Vietnam visa rules). I (the editor) haven't been to Vietnam myself, but my cousin and friends have been there. All tips and advice on Vietnam are theirs! • Did you know that Vietnam is one of the few Communist states in the World, along with Laos, Cuba, China and North Korea? Almost 90 million people live in Vietnam. The capital is Hanoi and the largest city is Ho Chi Minh City (or Saigon). • Did you know that Nguyen is the most common family name in Vietnam? About 40% of the population is named Nguyen, but it feels more like 80%. Almost everybody I met in Vietnam, had Nguyen as their last name. In Norway, every Vietnamese I know has Nguyen as their last name. I bet you know someone too. • Did you know that Vietnam is the world's top exporter of rice (as of September 2012) with 4,6 million tones shipped overseas? India ranks as second best and Thailand as third. • Did you know that Halong Bay in north Vietnam comprises of nearly 2000 limestone islands? • Did you know that Vietnamese people eat more dried noodles than any other country in Asia, even Japan? • Did you know that Vietnamese New Year is called Tet? It's the most important festival in Vietnam.
    [Show full text]
  • Armchair Travel Destination - Vietnam
    Armchair Travel _ Destination - Vietnam _ Interesting Facts Vietnam, officially the Socialist Republic of Vietnam, is the easternmost country on the Indochina Peninsula. It has an area of 331,210 square km. Hanoi is the country’s capital and Ho Chi Minh City is its largest city. Vietnamese is the official language of Vietnam. Its official currency is Dong (VND). It is bordered by three countries – China, Laos, and Cambodia. These interesting facts about Vietnam, explore how fascinating the country has become over the years; with beautiful scenery, amazing cuisine, and an awesome kaleidoscope of cultures. Vietnam’s history and culture Legend has it that the peoples of this land originated from a union between an immortal Chinese princess and “The Dragon Lord of the Seas.” The country’s name was originally spelled as two words, Viet Nam. Their culture is a complex adaptation of Chinese, Japanese, French and American colonial influences. In 938 AD, the Vietnamese developed a trade system to exchange animal skins, ivory and tropical goods for Chinese scrolls on administration, philosophy and literature. The body of their first president Ho Chi Minh (Uncle Ho) was embalmed, and is on display in a mausoleum. Their flag consists of a golden star with five points to represent farmers, workers, intellectuals, youth, and soldiers. The red background pays tribute to the bloodshed during the wars. © Copyright www.qualityaging@com.au 2019. All Rights Reserved 1 Armchair Travel _ Destination - Vietnam _ The national flag of Vietnam. Traditional Vietnamese culture revolves around the core values of humanity, community, harmony, and family.
    [Show full text]
  • World Television
    WORLD TELEVISION Heineken 2016 Financial Markets Conference Laurent Theodore and Nguyen Phung Hoang Heineken - 2016 Financial Markets Conference Laurent Theodore and Nguyen Phung Hoang Heineken Laurent Theodore, Commercial Director, Vietnam Brewery Ltd Nguyen Phung Hoang, Marketing Manager Tiger, Vietnam Brewery Ltd QUESTIONS FROM Unidentified Analysts Page 2 Heineken - 2016 Financial Markets Conference Laurent Theodore and Nguyen Phung Hoang Passion for Commercial Excellence Laurent Theodore, Commercial Director, Vietnam Brewery Ltd Welcome back after lunch. My name is Laurent Theodore. It is 17 years that I work for Heineken, started in Heineken France some time ago, and I had different postings in mature and emerging markets, Russia, the US, Congo - Congo Brazzaville, and now Vietnam for the last nearly two years. So it's my pleasure to take you through the commercial agenda of VBL in Vietnam. So the presentation will cover the consumers - some evolutions in the Vietnamese market landscape, and obviously the commercial strategy that we deploy within VBL. The Vietnamese markets, as you can see on this picture - it's very clear - the Vietnamese market is not one single consumer market; you have really different types of consumers. On the left side, you have traditional Vietnam in Mekong Delta, 50km south of Ho Chi Minh City. But also what you have on the right side, you have a picture from Ho Chi Minh City - vibrant, sophisticated consumers - modern. And this picture could have been taken indeed in any parts of big urban centres in the world. So this is Vietnam, a country of polarising and interesting consumer trends happening in this market.
    [Show full text]
  • March 2019 the Sporting Life
    O I VIET NA M VIETNAM 03-2019 THE SPORTING LIFE Forgotten Voices A Revival of Saigon’s Golden Age of Music PAGE 20 Got the Thirst? Free Water Top Up at refill Stations Across Southeast Asia PAGE 24 Echoes of Asia in L.A. For Hollywood magic and Asian diversity, visit the City of Angels PAGE 64 03 - 2 01 9 NHIỀU TÁC GIẢ 2019 Elementary & Early Years EVERYWHERE YOU GO Director HUYEN NGUYEN Managing Director JIMMY VAN DER KLOET jimmy@oivietnam.com Managing Editor & CHRISTINE VAN Art Director christine@oivietnam.com Online Editor JAMES PHAM jpham@oivietnam.com This Month’s Cover Staff Photographer VY LAM vy@oivietnam.com Model: Lily Rivero from Victory MMA International (An Loc 1 Graphic Designer LAM SON VU Building, Floor 15, Street 15, An lamson@oivietnam.com Phu, D2) For advertising, please contact: ƠI VIỆT NAM - Art (Nghệ thuật) NHIỀU TÁC GIẢ English 0948 779 219 Ngôn ngữ: tiếng Việt - Anh Vietnamese 0932 164 629 NHÀ XUẤT BẢN THANH NIÊN 64 Bà Triệu - Hoàn Kiếm - Hà Nội ĐT (84.04) 39424044-62631719 Fax: 04.39436024. Website: nxbthanhnien.vn Email: info@nxbthanhnien.vn Chi nhánh: 27B Nguyễn Đình Chiểu Phường Đa Kao, Quận 1, TP. Hồ Chí Minh ĐT: (08) 62907317 Chịu trách nhiệm xuất bản: Giám đốc, Tổng biên tập Nguyễn Xuân Trường Biên tập: Tạ Quang Huy Thực hiện liên kết xuất bản: Cty TNHH Truyền thông và Quảng cáo Ơi Việt Nam 14 D1 Đường Thảo Điền, Phường Thảo Điền, Quận 2, TP. Hồ Chí Minh Số lượng 6000 cuốn, khổ 21cm x 29,7cm Đăng ký KHXB: 1165/CXBIPH/36-49/TN QĐXB số: 807/QĐ - TN ISBN số: 978-604-966-720-6 Chế bản và in tại General advertising@oivietnam.com
    [Show full text]
  • Dilosi Thematos Master Thesis
    UNIVERSITY OF PELOPONNESE FACULTY OF HUMAN MOVEMENT AND QUALITY OF LIFE SCIENCE DEPARTMENT OF SPORTS ORGANIZATION AND MANAGEMENT MASTER’S THESIS “OLYMPIC STUDIES, OLYMPIC EDUCATION, ORGANIZATION AND MANAGEMENT OF OLYMPIC EVENTS” THE DEVELOPMENT OF SPORT IN VIETNAM Kien Nguyen Trong Supervisor: Dr. Suan Brownell Sparta, January, 2013 1 Declaration on Sources I hereby declare that this is my own work and that to the best of my knowledge and belief, it has not been submitted in any form for another degree or diploma at any university or other institution of tertiary education. Information derived from the published or unpublished work of others has been acknowledged in the text and a list of references is given. Kien Nguyen Trong 2 Acknowledgements A number of challenges both professional and personal have been experienced during this study. It would have been difficult to do this study without the support I got from many people. Accordingly, I would like to take this opportunity to thanks them. I would like to thank the Vietnam National Sports Administration for their support towards this research. It has been invaluable. A special thanks must go to my boss and work colleagues at Vietnam Olympic Committee for putting up with me over the past years and for managing my job when I was forever away. I am extremely fortunate to have Prof. Hoang, Mr. Tran and Mr. Ly as boss. Without their belief in me and providing me with so much leave I would not have been able to achieve this research. I am most indebted to my supervisor Suan Brownell, for kindly sharing with me her insights and guiding me through this demanding process.
    [Show full text]
  • Proposal of E-Mail Marketing Communication for Fans of VBA
    Proposal of E-mail Marketing Communication for fans of VBA Nguyen Thanh Quy Truong Master’s Thesis 2017 ABSTRAKT Ve věku moderního trhu je e-mailový marketing považován za nákladově efektivní marke- tingový nástroj pro firmy, které uvádějí na trh své výrobky nebo služby. VBA je nová basketbalová liga, která představuje ve Vietnamu nové trendy ve sportu. Cí- lem diplomové práce je navrhnout novou strategii expanze trhu a podpořit celkovou mar- ketingovou strategii pro VBA tím, že navrhuje projekt e-mailového marketingu. Práce ana- lyzuje marketingovou situaci VBA v předcházející sezóně a formuluje strategii e- mailového marketingového projektu, která VBA pomůže zlepšit vztahy se zákazníky a splnit specifické cíle. Klíčová slova: basketbal, VBA, prodej vstupenek, e-mailový marketing, poskytovatel e- mailových služeb, seznam e-mailů, cílení, segmentace, akvizice. ABSTRACT In the new age of modern market, email marketing is being considered as a cost-effective marketing tool for any businesses to market their products or services. The VBA is a new professional basketball tournament and plays a new trend of sports in Vietnam. The purpose of this thesis is to suggest the new market expansion strategy and overall marketing strategy for the VBA by designing an email marketing project. The the- sis will analyze marketing situation of the VBA in the previous season and formulate the strategy of email marketing project, which can help them to improve their relationship with customers and achieve their specific objectives. Keywords: Basketball, VBA, ticket sales, email marketing, email service provider, email list, targeting, segmentation, acquisition. ACKNOWLEDGEMENTS I want to express my gratitude to all those who have supported or helped me in through the course of work.
    [Show full text]
  • The Representations of Life Outside Vietnam in First-Year Technical University Textbooks in Hanoi and Their Influence on Student
    The representations of life outside Vietnam in first-year technical university textbooks in Hanoi and their influence on students’ intercultural communicative competence in English learning THI LAN HUONG LAM BA, MA (University of Languages and International Studies – VNU) Submitted to the School of Education University of Newcastle in fulfillment of the requirements for the Degree of DOCTOR OF PHILOSOPHY (EDUCATION) October 2017 1 STATEMENT OF ORIGINALITY I hereby certify that the work embodied in the thesis is my own work, conducted under normal supervision. The thesis contains no material which has been accepted for the award of any other degree or diploma in any university or other tertiary institution and, to the best of my knowledge and belief, contains no material previously published or written by another person, except where due reference has been made in the text. I give consent to the final version of my thesis being made available worldwide when deposited in the University’s Digital Repository, subject to the provisions of the Copyright Act 1986. Signed: Date: October 10, 2017 i Scanned by CamScanner ACKNOWLEDGEMENTS This thesis would not have been accomplished without the continuous support of many significant people and organisations. I would like to gratefully acknowledge them all here. I wish to express my deepest and sincerest thanks to my academic supervisors at the University of Newcastle - Professor James Albright and Doctor I-Fang Lee. I feel fortunate to have had their joint supervision. Words fail to express my gratitude to Professor James Albright for his invaluable guidance, continuous support and encouragement as well as critical comments and insightful suggestions on every single piece of my research.
    [Show full text]
  • Persistent Malnutrition in Ethnic Minority Communities of Vietnam Issues and Options for Policy and Interventions­
    ecause malnutrition in early life significantly affects the physical and Malnutrition in Ethnic Minority Communities of Vietnam Persistent Bmental development of children, addressing malnutrition is fundamen- tal to the development of Vietnam’s human capital. Economic development of the nation depends on the strength, resilience, and intelligence of its workforce. Governments dedicate millions of dollars annually to health and education, recognizing that individual losses in productivity may run as high as 10 percent of lifetime earnings and that as much as 11 percent of GDP could be lost each year in Asia and Africa due to undernutrition. The ethnic minority groups living mainly in the northern midlands and in the mountainous and central highlands regions are consistently more under- nourished than the Kinh majority. Despite decreases in stunting, the preva- lence of stunting among ethnic minority children is still twice that in the Kinh ethnic group. There has been an overall decline in wasting of 1.7 percent between 2000 and 2011, although only the richest quintile showed a signif- icant reduction (3.4 percent). These data, along with an overall decrease in the prevalence of wasting and stunting, indicate an increase in nutrition inequality between 2000 and 2011. Moreover, it is noteworthy that the ethnic minority groups constitute the majority of the undernourished populations in most of the 10 provinces with the highest rates of stunting among chil- dren under 5 years old. This analytical report describes the very high rates of malnutrition
    [Show full text]
  • Vietnam Internet Case Study
    VIETNAM INTERNET CASE STUDY March 2002 INTERNATIONAL TELECOMMUNICATION UNION GENEVA, SWITZERLAND Tim Kelly and Michael Minges wrote this report. Lara Srivastava and Audrey Selian contributed to some sections. Vanessa Gray provided editorial comments and Nathalie Delmas handled formatting and production. The report is based on field research undertaken 14-18 May 2001 as well as reports and articles identified in the bibliography or as footnotes. We would like to thank the Directorate General of Posts and Telecommunications for arranging the meetings. The views expressed are those of the authors and may not necessarily reflect the opinions of the International Telecommunication Union (ITU), its members or the Government of the Socialist Republic of Vietnam. This report is one of a series of Internet Case Studies. Additional information is available on the Internet Case Studies web site <www.itu.int/ITU-D/ict/cs>. © ITU 2002 ii Contents 1. Country background ............................................................ 1 1.1 Overview ............................................................................ 1 1.2 Demography ........................................................................ 1 1.3 Economy ............................................................................. 1 1.4 Human development ............................................................ 2 1.5 Government ........................................................................ 3 2. Telecommunication and Mass Media .................................... 4 2.1
    [Show full text]
  • Download Doing Business in Vietnam
    1. QuickIntroduction Facts about Vietnam Doing Business in Vietnam do Doing Business in Vietnam 1 Doing Business in Vietnam LEVEL 2, SOMERSET CHANCELLOR COURT, 21 - 23 NGUYEN THI MINH KHAI STREET, DISTRICT 1, HO CHI MINH CITY, VIETNAM T: +84 28 38224539 | F: +84 28 38224239 | W: ACSVLEGAL.COM Doing Business in Vietnam TABLE OF CONTENTS Introduction .......................................................................................................................................................................... 2 1. Quick Facts about Vietnam ............................................................................................................................................. 4 .... Geography ................................................................................................................................................................... 4 .... National Assembly and Government .......................................................................................................................... 4 .... Economy ...................................................................................................................................................................... 5 .... Trade, Import and Export ............................................................................................................................................ 6 .... Trade Organisations and Free Trade Agreements ...................................................................................................... 6 .... Population
    [Show full text]
  • Entering the Vietnamese Textile and Apparel Consumer Market
    ENTERING THE VIETNAMESE TEXTILE AND APPAREL CONSUMER MARKET Case: Marimekko LAB UNIVERSITY OF APPLIED SCIENCES LTD Bachelor of Business Administration Degree Programme in International Business Spring 2020 Tran Hanh Abstract Author(s) Type of publication Published Tran, Hanh Bachelor’s thesis Spring 2020 Number of pages 73 pages, 6 pages of appendices Title of publication Entering the Vietnamese Textile and Apparel Consumer Market Case: Marimekko Name of Degree Bachelor of Business Administration Abstract The research aims to develop a market study regarding the Vietnamese apparel and textile industry to find out whether Vietnam is a potential market for Marimekko to enter. A market study aids the company in understanding the target market in order to form the right decisions and suitable strategies for entry. Both quantitative and qualitative methods were employed in the research and both secondary and primary data were collected to support the study. Books, journals, articles, and reports are sources of secondary data, while direct interviews and questionnaires are sources of primary data for the thesis. The study was created by analyzing the macro-environment, the current situation of the industry and the important elements of the target market including competitors and consumers. PESTLE and Porter’s Five Forces were used as the research models to find the answers. The study results show that Vietnam is a potential market to Marimekko despite a significant degree of rivalry as well as a low level of brand perception. However, a more in-depth study of the market and more researches on product development for the target market should be conducted before entry to ensure a successful outcome.
    [Show full text]