However, this has changed since the pandemic and the lockdown descended on Vietnam for more than a month, with the market freezing almost entirely over. Even after the social distancing, H&M's performance did not improve because of the changes in customers’ shopping behaviour in favour of e-commerce. … [Read more...] about Is H&M unfit to pursue strategy to grow number of stores?
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Despite fast population aging and the number of people aged 65 and above making up 7.7 percent of the population, Vietnam is still one of the few countries effectively responding to the pandemic. To sustain this achievement, it should prepare all conditions necessary for ensuring social security and nursing services for the elderly, especially the ones living alone, at care centres, and with disabilities, the UNFPA said./. … [Read more...] about VIETNAM NEWS JANUARY 16
A report from the World Travel Organization showed that in November 2020, 59 percent of destinations in Asia Pacific closed completely and 9 percent closed partially, the highest level in the world. The figures were 7 percent and 67 percent in Europe, respectively, the lowest level. … [Read more...] about Inbound, outbound travelers may need compulsory Covid-19 insurance
A senior leader with more than 23 years of expertise in Việt Nam's IT industry, she started her career at TRG International, a market-leading global professional services firm focused on delivering technical excellence. She also held several positions at Exact, an ERP and cloud business software firm. She joined IBM in early 2011 and has held diverse leadership positions in Services and Hybrid Cloud Software business. Prior to her current appointment, she served as Country Manager, Cloud and Cognitive Software, IBM Vietnam. … [Read more...] about IBM appoints Phạm Thị Thu Diệp to lead IBM Vietnam
Hanoi (VNA) – Vietnam has emerged as an attractive foreign direct investment (FDI) destination in Asia, by beating China and India, a report by The Economist Intelligence Unit (EIU) has indicated. The Southeast Asian nation has become a new hub for low-cost manufacturing in Asian supply chains, the website eurasiantimes.com on January 14 quoted the report. The report suggests that factors that make Vietnam better than its peers are the incentives for international firms for setting up units to manufacture hi-tech products, the pool of low-cost workers, and the proliferation of free trade agreements. It also cited Ruchir Sharma, an emerging markets strategist at Morgan Stanley, as saying that Vietnam’s FDI has averaged more than 6 percent of GDP, which is the highest ratio in any emerging country. In addition, the ever-changing policies as per the market demand, the vigorous changes in the business and investment climate, socio-political stability and population … [Read more...] about Vietnam emerges as attractive Asian destination for investors: The Economist