Dazzling future of M&A activities

B2X, a leading global provider of customer care services for smart mobile and Internet of Things (IoT) devices, just formed a strategic joint venture with Digiworld Corporation to offer care services to Samsung Electronics Vietnam. The newly-formed joint venture between B2X and Digiworld specialising in after-sales services significantly expands its operations in Vietnam as well as completes the professional services offering of Digiworld and provides mobile and electronics brands with a world-class customer care solution. B2X and Digiworld signed the partnership in Ho Chi Minh City “Our new joint venture with Digiworld has tremendous development potential and helps any mobile, IoT, and electronics brand entering the Vietnamese market, while providing a top-notch customer experience,” said Rainer Koppitz, CEO of B2X, at the signing ceremony held recently in Ho Chi Minh City. “Our evolving partnership with Samsung is another great achievement for us that fills us with pride. Vietnam is an exciting market and our new investments are another major milestone of the global growth story of B2X,” Koppitz added. According to Doan Hong Viet, CEO cum chairman of Digiworld, the company has finally found a strategic partner helping it and its customers to provide a complete go-to-market solution for international brands entering Vietnam. “Without a doubt, B2X is the global leader in after-sales services and this substantial experience and deep expertise forms the foundation for our new joint venture. I am really looking…... [read more]

Huynh Vinh Ai, Deputy Minister of Culture, Sports and Tourism, speaks at the seminar (Photo: VNA) Tay Ninh (VNA) – The People’s Committee of southwestern Tay Ninh province held an international seminar on July 31 to introduce its tourism potential, advantages, and development prospects. Chairman of the provincial People’s Committee Pham Van Tan told participants that located within the southern key economic zone, Tay Ninh shares a 240-km border line with three provinces of Cambodia. It is home to a series of tourist destinations, including Ba Den mountain,  Dau Tieng lake, Cao Dai Holy See, and Lo Go-Xa Mat National Park. Tay Ninh has defined tourism as an important economic sector, which has accounted for about 2.75 percent of its gross regional domestic product in recent years, he said. However, the industry has yet to fully tap its potential, Tan added, citing a number of reasons, including the lack of a long-term strategy, infrastructure facilities and appealing tourism products. Dr. Nguyen The Du from the Fulbright School of Public Policy and Management talked about shortcomings of tourism services in Tay Ninh. According to him, local tourism infrastructure facilities, such as hotels and restaurants, remain inexpensive and cater mainly to residents and irregular visitors, while travel agencies lack capacity to offer professional services. Chairman of the Vietnam Tourism Association Nguyen Huu Tho made suggestions for the development of the local tourism sector, which include building a green Tay Ninh city, teaching English for young…... [read more]

Unsecured loans from financial companies are becoming a popular consumer finance product in Vietnam, thanks to their simple procedures and rapid disbursement time. Tran Nhat Khanh, country director of GoBear Vietnam GoBear Vietnam has launched an unsecured loan awareness campaign that provides users a tool to quickly search for unsecured loan offers from many different finance companies in Vietnam. Tran Nhat Khanh, country director of GoBear Vietnam, sheds light on this pivotal initiative. What is the idea behind GoBear’s new unsecured loan awareness campaign? In Vietnam, GoBear is the first metasearch engine for insurance and banking products. It was founded based on the simple premise that a user should find freedom and ease when making financial decisions related to consumer finance products. Unlike other markets GoBear operates in, where the consumers are by and large eligible for the majority of financial products on offer, Vietnamese consumers – the majority of which lack bank accounts and a means for proving their income – are underserved by traditional financial service providers. These “unbanked” users cannot access traditional banking products, and often borrow from unofficial sources. We realised that there was a need to inform these users about alternatives to traditional banks and why they should stay away from unlicensed lenders. Efforts are also being made to simplify financial terms such as interest rates and tenure. It is important to explain these terms in a comprehensive way…... [read more]

Co-hosted by the Vietnam Chamber of Commerce and Industry, Singapore’s Consulus Group and Nhip cau doanh nghiep (Bridge for business) magazine under the Ministry of Industry and Trade, this year’s event was themed “What is Vietnam’s brand of leadership?”. Participants talked about steps to address their difficulties, ranging from workforce management, business models and trading risk control to promotion of Vietnamese trademarks in global markets. According to statistics, over 95% of domestic firms are unaware that branding can result in a strong competitive advantage in the business arena. More than 70% of local companies do not have staff specialising in brand strategy or public relations, and 50% have yet to hire relevant professional services. Consulus Chief Executive Officer Lawrence Chong said in order to achieve the goal, there should be stronger coordination among businesses, management agencies and industry insiders. He also recommended firms pay attention to customer psychology and demand in target markets, product quality and selling prices, brand recognition, public relations and business consultancy services in localities.... [read more]

The inauguration ceremony was attended by the Governor of the NBC Chea Chanto, and Vietnamese Deputy Minister of Defence, Lieutenant General Le Huu Duc, along with MB officials and partners. This is the MB’s second overseas branch after its first one in Laos. The Phnom Penh facility brings the total number of MB branches to 170. According to MB General Director Le Cong, the bank’s services in Cambodia will focus on strategic clients, mainly companies, small and medium-sized factories and individuals operating in all fields, with priority given to trade and agriculture. Cong said he is aware of the fierce competition between nearly 40 banks, including seven owned by foreigners in Cambodia. However, he hoped that the MB’s professional services will meet customer demand for financial sources in the country. The MB is one the five largest commercial banks in Vietnam with total registered capital of US$480 million.... [read more]

With a total of US$380,000 in investment capital sourced from the Nokia company and the Dutch government, the project aims to create an open space for hi-tech entrepreneurs to work and develop mobile applications. It will also give their careers a boost by helping them seek out potential projects, offering professional services and, technical training, and connecting entrepreneurs with markets, various communities and investors. All mLab facilities will be funded by major telephone companies including Nokia, Blackberry, and HTC. MLab East Asia will also be linked to mLab networks in Kenya, Armenia and South Africa. At the ceremony, the organizing board presented awards to the winners of the m2Work Hackathon 2012 contest launched by infoDev, an annual World Bank Global Partnership Program. The competition took place on September 15-16 at SHTP, attracting nearly 500 programmers and developing 15 commercialized applications.... [read more]

Igor Prerovsky, General Director of Home Credit Vietnam, invested by PPF, said at June 3 conference on consumer finance that consumer credit, which helps consumers buy their desired items and pay later, is expanding in Vietnam. Statistics released by Home Credit showed that around 20% of consumers in the country's southern part make purchases on credit while it accounts for around 10% in the north. These figures are showing signs of increasing. Prerovsky pointed out that consumer finance is another way to contribute to economic development through boosting purchasing capacity and demand, while enhancing living standards of consumers. This also helps consumers to form a habit of saving, he added. In addition, financial companies targeted low-income earners rather than the middle-class, in comparison with retail banks. Home Credit, with more than 5,000 points of sale in all 63 provinces and cities in Vietnam, said fast, simple and professional services are the core basis for competition in the consumer lending sector but credit safety must be ensured.... [read more]

The Ha Noi real estate market saw strong development in the condominium, villa and townhouse segments in the fourth quarter of 2016 and experts predict further growth this year. Nguyen Hoai An, manager of professional services at CBRE Viet Nam Co, said at the company’s press conference yesterday that 9,128 units were avilable for sale in 34 projects across the city last year. The fourth quarter peaked both in terms of launched units and launched projects, she said. The western sections of the city accounted for 37 per cent of new launches, more than the 20 per cent of 2015. In terms of price segments, 56 per cent of units were mid-range, 30 per cent were high end and 11 percent in what is called the affordable segment. 2016 marked the return of the luxury segment, with two projects located near the Westlake area. At the same time, supply in the affordable segment dropped significantly - 71 per cent. However, with big developers starting to eye this segment, that trend is expected to change. Overall, market sentiment remained positive, An said. In the fourth quarter, a total of more than 6,600 units sold adding up to 21,188 for the year. The mid-end segmentcontinued to perform well with more than 10,100 units sold in last year, accounting for nearly half of total units sold. By location, Hai Ba Trung and Ba Dinh were districts recording to the highest sale rate of new launched projects. In terms of average asking price, the…... [read more]

Viet Nam News HÀ NỘI - The real estate market in Hà Nội saw strong development in condominium, villa and townhouse segments in the fourth quarter last year. The positive situation will enable the market to grow further this year, experts said. The year 2016 ended with a busy quarter for the condominium market, which was one of the segments that attracted several investors. Some 9,128 units were launched across 34 projects across the city in the fourth quarter, Nguyễn Hoài An, manager of professional services from CBRE Việt Nam Co Ltd said at the company's press conference on 2016's fourth quarterly report on Hà Nội's property market held in the city on Tuesday. The fourth quarter peaked both in terms of number of launched units and launched projects, she said. The west continued to be the supply hub, with 37 per cent of the new launches located in this area, an increase in the share of total new launches compared with 2015 (30 per cent). Regarding the market segment, a majority of new launches in 2016 were from the mid-end segment, which was at 56 per cent, following by the high-end segment (30 per cent) and the affordable segment (11 per cent). It is worth mentioning that 2016 marked the return of the luxury segment with two projects located near the Westlake area. Meanwhile, fresh supply in the affordable segment significantly went down by 71 per cent year-on-year (y-o-y). However, more supply under this segment was expected to increase…... [read more]

KTĐT - At the review meeting of the National Program on protecting children in 2011 - 2015 period and deployment of the program in 2016 - 2020 period held by Hanoi Department of Labour, Invalids and Social Affairs on August 10 morning, the Deputy Minister of the Ministry of Labour, Invalids and Social Affair Dao Hong Lan said: The Ministry ranked localities implementing the authority criteria for children's rights in 2015 and Hanoi always occupied the first place. Especially, Hanoi was up 30 grades related to the resources compared to 2014. In the five-year period from 2011 to 2015, implementing the national program on children protection, Hanoi Department of Labour, Invalids and Social Affairs has proactively trained 100% of officers in charge of the children protection and caring in 30 urban districts, districts, towns and 584 wards, communes and towns with various contents. In 2012 - 2015 period, the Department coordinated with some difficult localities such as Me Linh, Thach That, Quoc Oai, Thuong Tin, Ba Vi, etc. to organize 118 training classes for 10,500 collaborators and volunteers and 1,000 inter-sectoral officers performing this task and 2,450 turns of children. Photo for illustration In 2016, the Department also issued books on managing and fostering professional knowledge for nearly 11,000 collaborators. In addition to offices consulting on children protection and caring of the Department and center for supplying social services of Hanoi, to date, Hanoi has 172 points for consultancy to children. Children with special situations are given the great attention…... [read more]

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