BigGreen and the story of ethical Business Practices

Demand for elevators and escalators installation in Vietnam has exceeded 4,000 units annually over the years, and the figure is expected to keep rising in the near future. Mitsubishi Electric has supplied more than 6,000 sets of elevator and escalator to Vietnam since its first project at Cho Ray hospital in HCM City in 1973. By changing VMEC into a subsidiary with 100% foreign owned capital, the group aims to further expand its business operations and assert its powerful brand in the Vietnamese market. The group is committed to enhance the safety and reliability by assigning VMEC as the sole maintenance service hub for all Mitsubishi elevators and escalators in Vietnam. VMEC will utilise Mitsubishi Electric’s global resources by importing spare parts from MELTEC Parts & Engineering (Thailand) or being supported and guided by senior Japanese management and technical experts in order to build a prestigious brand with top quality.... [read more]

The brands, presented by the US Commercial Commission in Vietnam, Edwards Global Services Inc. (EDS) and the August Bao Law Firm, include three food franchise opportunities offered by The Melting Pot, Round Table Pizza – the fifth biggest pizza brand in the US - and the fast-food brand Carl’s Jr., as well as a franchise for art and creative education for children under the Abrakadoodle brand, and a business guidance franchise offered by Signs Now. According to an EDS spokesman, the franchises were offered at costs ranging from US$300,000-500,000 for the exclusive rights to supply their branded products. This is an exploratory step in the franchise market, which gives the franchise owner the exclusive rights to use and market a brand in Vietnam. Franchise activities have recently been on the rise in Vietnam as franchise owners increasingly seek to capitalise on prestigious brand names, products and services, thanks to the country’s stable economic growth. This increase in franchising has led to the country’s lawmakers to examine the relevant laws relating to franchises. According to foreign investors, Vietnamese law governing franchises has been markedly upgraded and amended to protect trademarks, as well as offering legal protection to both franchisers and franchisees. Donald Nay, a commercial counselor with the US embassy, said that there are now an increasing number of opportunities for US franchise companies to enter the Vietnamese market in the areas of food, soft drinks, retail, education and training and business administration.... [read more]

The Group Chairman Toshimasa Iue was speaking during his recent visit to the province to seek investment opportunities in the locality. Its original factory with initial invested capital of US$16.5 million was put into operation in 1997 and capable of producing 400,000 units of products annually. In 2011, American Standard decided to double its production capacity and it now plans to raise its productivity to meet the increasing consumer demand. Chairman of the Binh Duong Provincial People’s Committee Le Thanh Cung praised American Standard’s operational efficiency and pledged to support its expansion and investment strategy in the locality. Along with American Standard, Lixil also owns the Inax brand in Vietnam. Last November, the group launched the US$441 million factory producing building materials in Long Duc Industrial Zone in the southern province of Dong Nai. Lixil now has 11 factories in Vietnam and it has committed to investing more in the country in the next decade.... [read more]

The eight-hectare Gillette facility is located in the Vietnam-Singapore Industrial Park II in Binh Duong Province, and is expected to generate more than 300 jobs upon completion, according to The Saigon Times Online. The Vietnam plant will be one of three Gillette plants in Asia, and will have most of its production exported to the Asian market. P&G, which is the world's No. 1 household products maker according to Reuters, was one of the first US companies to enter Vietnam following the diplomatic normalization between the two countries in 1995, according to the Vietnam News Agency. The company is distributing products under 14 brands in Vietnam, which it says has helped improve the everyday life of local consumers for the past 20 years. P&G is the maker of popular brands including Ariel, Downy, Tide, Pampers, Gillette, Pantene, and Head & Shoulders in Vietnam. The latest US$100 million investment reaffirms the company’s commitment to a long-term operation in the country and active contribution to its eco-social development, Emre Olcer, general director with P&G Vietnam, said at the groundbreaking ceremony. Olcer told The Saigon Times Online that P&G had been weighing whether to set up the Gillette plant in Indonesia or China. Vietnam was the final decision thanks to its stable political situation, good infrastructure, young labor force, and the governmental support for P&G, the executive said. P&G was also convinced by the success of two existing plants in the Southeast Asian country, he added. P&G Vietnam is operating a plant that…... [read more]

A source from the company told news website VnExpress that it has sent a notice to its partners and will stop all business activities in Vietnam in the next five days, including shutting down the website foodpanda.vn. Food Panda, a subsidiary of German-owned Rocket Internet which manages a number of e-commerce brands in Vietnam such as Zalora, Lazada and Easy Taxi, opened an office in Ho Chi Minh City in 2012. It is now a popular food delivery service in 42 countries, including Singapore, Thailand, Malaysia and Indonesia in Southeast Asia. Food Panda said in a new statement that it will close its Vietnamese website in several days In Vietnam, the company has to face a tough competition against local rivals such as Vietnammm and Eat.vn. The company’s representative said the decision came after Rocket Internet reevaluated its operations in several countries, including Vietnam. “We have assessed that Vietnam is a potential market with good growth. But our current strategy is to focus on markets that are making profits. If we maintain the business in Vietnam, we have to invest more,” the source said, adding that there’s still a chance the service will return after a few years. Market for deep pockets Beyeu.com, a Vietnamese e-commerce website selling babies’ foods and accessories, last month also announced to put an end to its two-year business. It posted a notice saying that “E-commerce requires lots of money. Many companies will decide to stop burning. Good luck to the rest who are still…... [read more]

“This equates to 14% of the global soluble coffee market,” a representative of VICOFA was recently quoted as saying at a seminar in Hanoi. The global market is dominated by Nestlé’s Nescafe whose beans are sourced from Vietnam (among other countries) and shipped to more than 40 countries, with the US being its largest market. However, competition in the industry is brewing as Tata Group based out of India and currently the second largest player in the tea market has announced a foray into the instant coffee market under the brand name Tata Coffee Grand. In announcing its market entry, Tata Group’s Regional President unveiled the new innovative coffee brand promises to be a ‘best in class’ taste experience, whose beans would be sourced primarily from Tata Coffee’s own plantations in South India. According to market analysts, instant coffee – a small sachet that contains dried coffee powder, sugar and powdered cream – accounts for two-thirds of the global coffee market but the trends are moving towards roasted blends. A variety of alternative options, such as ready-to-drink coffee and capsule coffee, are also coaxing consumers away from instant coffee and coffee shops have sprung up everywhere offering freshly brewed coffee and espresso drinks. Despite the forecast by leading market analysts that the instant coffee market is expected to shrink over the next five years, VICOFA has forecast the market share of producers in Vietnam to percolate annually by 3%. The VICOFA representative said Vietnam currently is home to 19 coffee…... [read more]

Ms Cao Thi Ngoc Dung founded Phu Nhuan Jewelry in 1998 while she was a state employee. Starting with one store, she developed PNJ into the biggest jewellery brand in Vietnam, with over 3,000 employees and 200 stores. Last year, PNJ reported revenue of US$350 million and profit of US$23 million. Nguyen Thi Phuong Thao is a major shareholder in Sovico, which owns the commercial HD Bank and international budget airline VietJet Air. HD Bank merged with Dai A Bank in 2014 and is now among the biggest joint-stock commercial banks in Vietnam, with total assets of nearly US$5 billion, 10,000 employees and 225 branches and offices. Thai Huong, chairman of TH group, appeared in the list last year. She got involved in the dairy field in 2009 and focused on liquid rather than powdered milk. Last year, she invested US$2.7 billion in agriculture in Russia with a US$$500 million dairy farm. Her goal is a herd of 350,000 cows producing 1.8 million litres of milk a year. In 2015, TH Group’s revenue was US$215 million and made profits of US$45 million.... [read more]

The duo spent $8,500 buying used phones and hoped to make $600 reselling them in Vietnam. A Ho Chi Minh City court sentenced two South Korean men to three years in jail each for smuggling used cell phones to Vietnam, on Wednesday. Her Min Chul and Cho In Soo, both 37, were arrested at Tan Son Nhat Airport last April after customs officials found 96 used cell phones in their luggage, local media reported. Police say the men spent around $8,500 buying the phones in South Korea and planned to resell them in Vietnam, hoping to profit up to $600. Among the phones are popular brands in Vietnam such as LG and Samsung. Vietnamese customs laws allow tourists to bring one cell phone into the country. A second phone must be reported and is subject to taxes. Related news: > Vietnam's BMW importer suspected of smuggling > Hanoi police seek charges against Japanese men for gold smuggling... [read more]

The new website, AeonEshop.com, is designed as a business to consumer (B2C) platform, with the majority of products imported from Japan. AeonEshop plans to start operation in Ho Chi Minh City and later expand its delivery reach throughout Vietnam in the future. The site is expected to develop an English version and mobile app by mid-2017. Vietnam is the third market where Aeon has established online retail, after Japan and Malaysia. Similarly, Lotte has selected Vietnam to expand its e-commerce business. The group recently launched its e-commerce platform, Lotte.vn. In their first three years, Lotte will invest US$25 million per year in its online store. The group aims to become a dominant player in the local e-commerce scene by achieving a market share of 20% by 2020. Meanwhile, Thailand’s Central Group has taken over fashion-focused e-commerce site, Zalora, in Vietnam while Chinese e-commerce giant, Alibaba, enters the market by acquiring a controlling stake in Southeast Asian online retailer, Lazada Group, for US$1 billion. Gerald Glauerdt, COO and co-founder of Lazada Vietnam, is bullish about maintaining its leading position in the market. “We have invested a lot over the past five years to build our own delivery means. If other investors want to do the same, it might cost a lot of capital and experience.” Lazada boasts extensive experience in e-commerce development with online presence in five Southeast Asian countries. Alibaba has gone through a similar learning curve over the past 10 years, which gives an edge for Lazada to increase…... [read more]

With projects worth hundreds of millions of dollars, Novaland Group overcame the worst real-estate crisis in 2008 to become one of the leading real-estate enterprises in Ho Chi Minh City. Novaland Group, formerly Thanh Nhon Trading Co., Ltd, was established on September 18, 1992. After 24 years of development, the company has gradually affirmed its prestigious brand name in the sector of real-estate investment and development with a total registered capital of 5,200 billion dong (up to 2016). During the real-estate crisis, Novaland still achieved a landmark with the project of Sunrise City with a total capital of about 500 million dollars. The complex of residential, commercial and service areas which was built on 51,000m2 in Tan Hung Ward, District 7, Ho Chi Minh City consists of 12 buildings of 31-35 floors with more than 2,000 apartments. With this project, Novaland provided its customers with modern, beautiful apartments of international standards that helped its reputation in this sector nationwide. Novaland is one of Vietnam’s top real-estate brands. Part of the Lakeview City project of Novaland in District 2, Ho Chi Minh City which was built on a total area of 30ha. 60% of the area is spared for trees and public works. High-class residential buildings with swimming pools and gyms. A modern kitchen inside an apartment. The living room in an apartment built by Novaland. An outdoor swimming pool in residential area. Novaland is completing Lakeview City in District 2, Ho Chi Minh City. The group pays much attention to…... [read more]




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