The price of Korean grapes is at VND650,000 per kilo. (Photo: VnExpress) The price of Korean grapes remains several times higher than Vietnamese grapes. (Photo: nongtrangonline) US Witch Finger grapes are also popular among Vietnamese consumers. (Photo: viettropfruit) Vietnamese costumers also enjoy fruits imported from other markets such as Japan, and the Republic of Korea (RoK). The Korean pear is a particularly popular product. (Photo: Zing) Korean strawberries are attractive to Vietnamese customers thanks to their delicious taste and enticing shape. (Photo: KT) Currently, custard apples imported from Taiwan are sold for between VND300,000 and VND450,000 per kilo. (Photo: Dantri). Vietnamese buyers pay over VND2 million for a box containing 9 custard apples, several times more expensive than their Vietnamese counterpart. (Photo: cayantrai.vn). Australian mandarin is available at VND159,000 per kilo (Photo: KT). Despite high costs, the product is still popular among local … [Read more...] about Vietnamese consumers spend big money on imported fruits
Big money bingo
VietNamNet Bridge - The bad management, plus lack of a long-term development strategy, may lead to a decline in the number of foreign travelers. Travelers had to wait too long to visit Luon Cave A representative of a travel firm said in Lao Dong newspaper that western clients of the firm on November 28 had a poor experience as they had to wait too long to get into bamboo crafts to visit Luon Cave on Ha Long Bay. In general, travel firms don’t arrange excursions to the caves for travelers from Japan and South Korea at these hours because of the crowding. Meanwhile, the travelers staying overnight on the bay, mostly from Europe, the US and high-income travelers from Asia, usually meet Chinese because of their itineraries. In reply to the comment that Vietnam should not receive Chinese zero-dong travelers, the director of a Quang Ninh-based travel firm said firms like his have no choice. RELATED NEWS What can Vietnam gain as one of China’s top 10 travel … [Read more...] about Chinese tourists on ‘zero-dong’ tours raise big worries
Located in high-rise buildings and shopping malls, Highlands Coffee has begun thriving again after a period of slowdown. The brand first appeared in 2002, founded by a Vietnamese American. In 2012, Highlands Coffee was taken over by Jollibee Foods from the Philippines. The chain now has 230 shops, and its revenue is the highest among café chains. In 2017, Cao Nguyen Coffee Service JSC, the owner of Highlands Coffee, reported revenue of VND1.237 trillion, a sharp increase of 47% over the year before. The figure is four times higher than Phuc Long’s, eight times more than The Coffee House and three times more than Starbucks. The selling prices at the chain are lower than products of the same kinds at other chains. Declining to reveal its revenue, Nguyen Hai Ninh, the founder of The Coffee House, affirmed its chain ‘has been making profit’. The coffee chain has received more than 20 million customers so far. According to analysts, the shops are not … [Read more...] about Café chains earn big money in Vietnam
VietNamNet Bridge - Sociologists and psychologists all agree that it is necessary to teach personal finance management skills at school. It's necessary to teach personal finance management skills at school Social networks have been talking in recent days about a video in which young boys and girls attending Sneaker Fest Impact Con 2018 revealed the prices of products and bags they wore. Sociologists and psychologists all agree that it is necessary to teach personal finance management skills at school. Psychologists and education experts say children should be taught personal finance as a curricular lesson. RELATED NEWS Vietnamese spend big money on parenting courses HCM City loses control over preschool English teaching Mai Chi … [Read more...] about Should students be taught how to manage their money?
Business has been sweet for the four major companies that dominate Vietnam’s soft drinks market, but they pay a relative pittance in taxes. The big 4 in Vietnam’s sweetened beverage market are: Coca-cola Vietnam, an arm of American Coca-cola, Suntory Pepsico, a fully foreign owned joint venture between U.S. PepsiCo Inc. and Japan’s Suntory Holdings Limited, URC Vietnam based in the Philippines, and Vietnamese firm Tan Hiep Phat. High consumption in Vietnam has boosted revenues for these firms, Suntory Pepsico leading the way. Truong Tuyet Mai, deputy director of the National Institute of Nutrition, said in June that Vietnamese people are forecast to consume over 5 billion liters of sweetened drinks in 2018, nine times more than in 2000, and the figure is estimated to reach 11 billion by 2025. According to Vietnam Association of Liquor, Beer and Beverages, a Vietnamese person currently consume more than 23 liters of soft drinks per year and the figure will keep rising … [Read more...] about Soft drink firms make big money, pay small taxes in Vietnam