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Vietnam Luxury Product Companies Optimistic Amid Low Sales

A street vendor walks past a Chanel store at the Rex Hotel in downtown Ho Chi Minh City Luxury product companies are expanding even as sales contract amid the economic slump, with economists citing the potential of Vietnam’s large young population and the newly rich to fuel more consumption. Notices offering discounts of up to 50 percent on all items can be seen at most shops at Vincom Tower, Parkson or Grand Plaza in Hanoi, where Italian shoes and French perfumes are sold to the urban middle and upper classes. But the stores are vacant save for a few sales people...

VietJetAir named friendliest airline

HCM CITY (VNS)— The low-cost airline VietJetAir was honoured as the friendliest airline and best airline for promotion deals in Viet Nam by the Trust&Consume 2012 market research report in HCM City. Research for the Trust&Consume 2012 Report is conducted by Spend&Consume Magazine with the backing of the Viet Nam Standard and Consumers Association in conjunction with market management solutions Mancom Company. The report...

Exports show their best face to Vietnam

A sharp hike in Korean cosmetics and food exports to Vietnam in recent years has prompted the need for firms from the two countries to step up bilateral investment and trade. Within many activities to celebrate 20 years of diplomatic ties between Vietnam and Korea (December 1992-December 2012), Korea Trade-Investment Promotion Agency (Kotra) hosted Hallyu Korean Wave Products Show from November 6-7, 2012 at Keangnam Garden west of Hanoi. It showcased several dozen booths with more than 40 Korean businesses whose products are favoured by Vietnamese consumers in electronics, household appliances, cosmetics and food. The opportunities for new emerging Asian markets to fuel...

AkzoNobel introduces 2013 color trend

AkzoNobel, a paint and coatings company and manufacturer of high-quality paints including Dulux, has launched the 2013 color trend research onto the Vietnam market with new palettes equipped for Dulux paint agents. Introduced in Singapore earlier this month, AkzoNobel’s research program ColorFutures provides an international style and design trends for interiors and exteriors, which is […]

Singapore’s Melior Business School (MBS) In HCM City Closes With Syllabus Unfinished, Singaporean Director Fled

Hundreds of students of the Melior Business School (MBS), based in Ho Chi Minh City, may lose their tuition fees and get no certificate as the unit suddenly closed yesterday and its Singaporean director Cheng Sim Kok fled. On November 10 the school, located at 97 Nguyen Van Troi Street in Phu Nhuan District, informed […]

VietJetAir voted the friendliest airline and best airline for promotion deals in Vietnam

Vietnam’s leading low-cost airline, VietJetAir was voted the friendliest airline and best airline for promotion deals in Vietnam by the Trust & Consume 2012 market research report in Ho Chi Minh City recently. Research for the Trust & Consume 2012 Report is conducted by Spend & Consume magazine with the backing of the Vietnam Standard and Consumers Association in conjunction with market management solutions Mancom Company. The report announced the Top 100 products and services favored by both Vietnamese and foreign consumers in Vietnam. VietJetAir was widely lauded for its outstanding services and incredibly low, flexible promotional fares during 2011 and 2012. Nguyen Manh...

Duo Look For Mega Merger In Vietnam

A potential merger between two top-tier private creditors Sacombank and Eximbank would create a new giant in Vietnam’s financial system. According to Sacombank’s new chairman Pham Huu Phu, Sacombank was interested in merging with Eximbank. “That’s our idea, but we need to do research and outline a suitable road map.This will suit the State Bank’s […]

HCM City outlines big plan for Thu Thiem area

Ho Chi Minh City’s adjusted construction planning to 2025 has given the Thu Thiem new urban area an extremely important place in the city’s development course. The area was outlined to form part of the city’s central urban area and at the same time operate as a major economic and financial centre, which is expected […]

Vietnam’s Consumer Product Another Foreign-Dominated Market

In addition to their dominance in the textile and garment and plastic and mechanics sectors, foreign-invested companies have also prevailed in the consumer product segment. Confectionaries, processed food, instant noodles, and beverages under the brand names of FDI companies are now available in almost every grocery and supermarket across the country. International manufacturers such as Acecook, Uni President, Maggie, and Unilever have increasingly become familiar to local consumers, with their nationwide distribution chains rapidly expanding. While...

Vietnamese Software Firm Eyes “New City”

Quang Trung Software City Development Company has been instructed by the Ho Chi Minh City People’s Committee to work with the planned Thu Thiem new urban area management board to study possible locations for developing a second site. Quang Trung software has hopes for new urban project According to Chu Tien Dung, chairman of Quang Trung Software City Development Company (QTSC), Thu Thiem Software Park is a prime candidate for QTSC2. “We are researching some places for QTSC2 and will report to the Ho Chi Minh City People’s Committee the best one,” Dung said. “As we have seen, Thu...