Vietnam develops an appetite for booking trips by phone

Vietnam’s retail sales rose 10 percent to around $74 billion in the first seven months of this year, latest data from the General Statistics Office (GSO) showed, of which sales of foods and foodstuffs witnessed the strongest growth, followed by clothing and footwear, and household appliances. Like other emerging markets, essential goods are top of most Vietnamese consumers' shopping lists, accounting for more than half of their monthly budgets, according to a report released last month by BMI Research, a part of Fitch Group. In 2016, retail sales registered robust growth at near double-digit rates, and this growth momentum is forecast to be maintained over 2017, according to the BMI report.  Vietnam’s retail sales growth will continue to experience strong and stable growth, underpinned by robust household spending, which is expected to grow by 11.8 percent over 2017 A combination of rapidly growing per capita income in Vietnam and the relaxing of regulations have helped bolster the sector. The country is emerging as an important market for retail expansion, the report added. Some global heavyweights are expected to also enter the scene in the near future, and Japanese giant 7-Eleven has already made its debut here recently. Vietnam’s trade ministry has projected the market's value will hit $179 billion by 2020, a jump of 52 percent from last year. The sector has a lot of room to grow in Vietnam, where more than half of a population of nearly 92 million are young and the annual average income is expected…... [read more]

Nguyen Chi Dung, Minister of Planning and Investment, stressed that Vietnam needs the private sector to step up to its responsibilities and aspirations and grow stronger, faster, to truly become the driving force of the economy. Minister of Planning and Investment     Nguyen Chi Dung 2017 is without a doubt an important milestone in the economic progress of Vietnam, as the 5th plenary meeting of the Party Central Committee issued Resolution No.10-NQ/TW on developing the private sector into an important driving force of the socialist-oriented market economy. Has the private sector ever reached this position before? Looking back at 30 years of doi moi, one of the most important achievements was to promote the private sector. Many new mechanisms and preferential policies were put in place to facilitate the growth of the private sector, promoting the business spirit of Vietnamese people and enterprises. The private sector has made numerous important contributions to the progress of Vietnam, from contributing to the national budget, creating jobs, to helping reduce social problems. In terms of GDP structure, the private sector has contributed the most in the past few years. Since 2010, the sector has contributed more than 43 per cent of the GDP each year. In comparison, the state sector has contributed 28.9 per cent of the GDP, and FDI 18 per cent. The number of private enterprises has also increased sharply. In 2016, the number of newly formed enterprises…... [read more]

Smartphone hotel bookings make up one-thirdMinh Tam Tourists are at a resort in Dalat City. One in every three travelers who make online hotel bookings uses the smartphone - PHOTO: LAM ANH HCMC – One in every three travelers who make online hotel bookings uses the smartphone, the second highest ratio behind laptops in terms of devices used for online bookings, according to a recent report from marketing company Criteo. The report shows customers normally use a combination of online travel agent, website and mobile app from service providers, and price comparison websites for their travel plans. The most preferred device for browsing is laptop, accounting for 45%. Smartphones and desktops are in second and third places, with 30% and 19% respectively. In terms of room bookings, 34% of people use their smartphones while 41% of them use their laptops. Smartphone users say smartphone hotel bookings are more convenient, especially when they are on the move. Tourism revenue for transactions via smartphone in 2016 accounted for 7% of total revenue of US$27 million. However, the figure is expected to rise dramatically in the time to come. Therefore, online travel agents should focus on mobile friendly and safe websites. In a related development, a report by Grant Thornton Vietnam shows travel bookings on websites like booking.com, vntrip.vn and agoda.com in 2017 have reached 20.7% among all booking channels. Because many hotels are now more active in wooing travelers, the online booking rate has also increased. Up to 67.3% of four and…... [read more]

VinaPhone, Viettel slash roaming ratesChi Thinh HCMC – Domestic mobile carriers VinaPhone and Viettel have slashed charges for data roaming services for subscribers, helping them stay connected at an extremely low rate when going abroad. VinaPhone has announced a data roaming fee reduction by a staggering 99.7% applicable to post-paid subscribers. Customers will be charged only VND400 a megabyte instead of VND102,400 when traveling to the U.S., Japan, Singapore, Taiwan, Thailand, Malaysia, Laos and Cambodia. The above eight countries are popular destinations for a large number of Vietnamese visitors, so the new rate is seen as an effort to satisfy VinaPhone customers when they come there on one hand, and help the telco gain more revenue as many people now tend to shun expensive roaming services when abroad and use free apps instead. Since early this year, Viettel has also applied a roaming charge among three Indochinese countries equivalent to the domestic charge for calls, texts and data between under a joint effort by Viettel, Metfone of Cambodia and Unitel of Laos. Local mobile operators not only reduce the charges for roaming services but also change the calculation of charges from many regions to a unique region. This calculation will help users easily register for using services thanks to a simple charge calculation. Subscribers often turn off data roaming and connection features when going abroad due to high roaming charges. Therefore, the charge reductions will promote the use of data services, leading to an increase in mobile carriers’ revenues. In…... [read more]

BP (BP.L) is in talks with electric vehicle makers on partnering to offer battery re-charging docks at its global network of fuel service stations as it seeks to benefit from the move away from diesel and petrol cars, Chief Executive Bob Dudley told Reuters on Tuesday. FILE PHOTO: A general view of a new BP petrol station on the outskirts of Mexico City, Mexico, March 9, 2017. The expected rapid growth in the use of electric vehicles in the coming decades is threatening oil companies' business model as demand for some road fuels could plateau as early as the late 2020s, according to some oil company estimates. Looking to take a slice of the growing market, London-based BP is however examining different ways to get involved in the sector. "We have discussions going on with a lot of the EV manufacturers to have a tie-up with our retail network for charging," Dudley said in an interview. Rival Royal Dutch Shell (RDSa.L) has already launched a pilot scheme to install battery charging docks at a few of its service stations in Britain and the Netherlands. The number of electric vehicles on roads is forecast to grow significantly in the coming decades, particularly in cities, with BP estimating that there will be 100 million by 2035, up from 1.2 million in 2015. Dudley has been a vocal advocate of the oil and gas industry's need to take part in the move away from fossil fuels toward using cleaner sources of energy in…... [read more]

VietNamNet Bridge – The rainy season is a peak time for infectious diseases, and the last few weeks have seen a surge in the number of patients with dengue fever. Source: Health Ministry’s Department of Preventive Medicine, Ha Noi and HCM City’s departments of health. Designed by news.zing.vn According to the Health Ministry’s Department of Preventive Medicine, more than 58,000 people have contracted dengue fever in the first seven months of this year, a year-on-year increase of 11.2 per cent. Of these, 49,000 were admitted to hospitals, and 18 lost their lives. The latest fatality was in the southern province of Dong Nai last Saturday. There has also been an increase in other diseases and conditions like malaria, diarrhea, skin allergies and conjunctivitis (red eye). In the capital city’s Lang Thuong Ward, Dong Da District, an area where a lot of rooms are rented out is a dengue fever hotspot. Rubbish and water tanks can be seen at every corner in the area. Local residents see keeping the common spaces clean as someone else’s job. Tran Thanh Tung, a tenant, said everyone should do the job. “If it is only me who cleans up, it won’t be effective.” In Binh Chanh District, a dengue fever hotspot in HCM City, the water tanks in some households have mosquito larva. Liquid waste tanks are not fully covered. Residents took action only after inspection teams from the municipal Health Department paid a visit. In some cases, local authorities feel helpless. At the Chua…... [read more]

VietNamNet Bridge – The HCM City Department of Information and Communication is working with companies to provide free wi-fi for 100,000 workers by 2019. Illustrative image -- File photo The department is working with South Saigon Development Corporation (SADECO), Viet Nam Posts and Telecommunications Group (VNPT) and Vinatech Technology and Communication Company Limited (Vinatech) to create around 1,000 free wi-fi access points for the workers at their living accommodations this year, with equal wi-fi coverage across all areas. The two-phase project began early this year, with access points created for 10,000 workers in District 7 and Thu Duc District. From December 18 this year to June 2019, more access points will be launched to serve a total of 100,000 workers. Each access point can serve around 10 users. Along with a bandwidth of 35Mbps, the expected link speed will reach a minimum of 20Mbps/3Mbps for two-way downloading and uploading of data from the internet. Le Quoc Cuong, deputy director of the Department of Information and Communications, said: “Providing free wi-fi for workers can improve their life and work.” HCM City has 10 industrial parks and three export processing zones, with a total number of workers ranging from 300,000 to 500,000, according to a report from HCM City Institute of Development Studies. Of these, 70 per cent are workers from other provinces and cities, mostly consisting of young adults with low to medium income who lack adequate opportunities to satisfy their entertainment needs. For entertainment and relaxation after work, they typically…... [read more]

Vietnam’s Index of Industrial Production (IIP) posted a 6.5 per cent year-on-year increase in the first seven months of the year, according to the General Statistics Office (GSO). But GSO experts said it was lower than the 7.2 per cent rate in the first seven months of 2016. They also warned that the growth of the national IIP in the first seven months was not sustainable because the index of inventory rose by 10.4 per cent year-on-year, higher than the inventory index of 10.2 per cent in the first seven months of 2016. According to the GSO figures, the IIP of the manufacturing and processing sector rose by 10.6 per cent over the same period last year. However, the mining sector, one of key industrial production sectors,  saw a 7.5 per cent IIP drop during the first seven months. Several production sectors surged on the IIP, including metal production (35.4 per cent), electronics, computer and optical products (15.2 per cent), and paper production (10.4 per cent). Output of some industrial products reached high growth during this period, such as televisions, up by 36.6 per cent to 5.98 million units; rolled steel products, up 25.2 per cent to 3.6 million tonnes; urea fertilizer products, up 15.2 per cent to 1.42 million tonnes; and electricity, up 8.2 per cent to 108 billion KWh. Many other products experienced lower growth or reduction in output, including motorbikes, coal, mobile phones, auto, crude oil and gas. The office said the consumption index of the processing…... [read more]

NDO – Labour ministers from Cambodia, Laos, Myanmar, Thailand and Vietnam (CLMTV) have reached a joint declaration on migrant labour safety, emphasising the need to ensure social security and safety for migrant workers in the world's common development. >>> CLMTV labour officials gather to discuss safety of migrant workers The joint declaration was reached during the second Ministerial Conference on Labour Cooperation in CLMTV, which opened in Da Nang on August 2, under the theme of “Promoting human resource development and decent work for migrant workers.” Addressing the conference, Deputy Prime Minister Vu Duc Dam said that after more than 50 years since its establishment (1967-2017), ASEAN has developed to become a dynamic and comprehensive organisation. Within the ASEAN, cooperation among the five CLMTV countries is constantly expanding, contributing significantly to socio-economic development and enhancing friendship among the countries. With a population of approximately 230 million people, the CLMTV countries are not only members of the ASEAN Community but are also connected by the Mekong River, sharing a geographic proximity and many cultural similarities. Especially with roads linking the countries with large markets such as China and India, this is an important condition contributing to ASEAN to develop a new momentum in the future, the deputy PM said. To control and protect migrant workers, while limiting the negative aspects, Deputy PM Dam proposed that the five CLMTV countries focus on specific issues, including strengthening cooperation in education and training, economic development, trade exchange and science and…... [read more]

But GSO experts said it was lower than the 7.2 per cent rate in the first seven months of 2016. They also warned that the growth of the national IIP in the first seven months was not sustainable because the index of inventory rose by 10.4 per cent year-on-year, higher than the inventory index of 10.2 per cent in the first seven months of 2016. According to the GSO figures, the IIP of the manufacturing and processing sector rose by 10.6 per cent over the same period last year. However, the mining sector, one of key industrial production sectors, saw a 7.5 per cent IIP drop during the first seven months. Several production sectors surged on the IIP, including metal production (35.4 per cent), electronics, computer and optical products (15.2 per cent), and paper production (10.4 per cent). Output of some industrial products reached high growth during this period, such as televisions, up by 36.6 per cent to 5.98 million units; rolled steel products, up 25.2 per cent to 3.6 million tonnes; urea fertilizer products, up 15.2 per cent to 1.42 million tonnes; and electricity, up 8.2 per cent to 108 billion KWh. Many other products experienced lower growth or reduction in output, including motorbikes, coal, mobile phones, auto, crude oil and gas. The office said the consumption index of the processing and manufacturing sector achieved a year-on-year increase of 8.4 per cent in the seven months, contributing to…... [read more]




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