The number of food-hailing apps in Vietnam’s biggest cities has exploded since 2017, Photo: Le Toan After lunch, Nguyen Mai Hoa and her friends often order drinks through mobile applications. “One year ago, I went straight to Delivery Now because it was one of the most popular apps, but now I browse all apps to find the best deal. I think customers will benefit massively from more players in the food delivery segment,” said Hoa, who is working for a private company in Hanoi. Over the past couple of years in Hanoi and Ho Chi Minh City, youngsters like Hoa have been spending more money on fast food, drinks, and snacks. Office workers are also willing to order food online instead of going out. According to the latest report of market research firm Euromonitor, the Vietnamese food delivery market is estimated to reach $33 million this year and more than $38 million in 2020. As a result, food delivery has plenty of room for growth, attracting numerous domestic and … [Read more...] about Woowa wants to waylay food apps
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BUSINESS NEWS IN BRIEF 18/1
Vietnam attends South Asia’s Leading Travel Show in India Visitors at Vietnamese booths Five Vietnamese travel companies are currently participating in the 26th edition of SATTE, South Asia’s leading travel show, in India’s Uttar Pradesh state from January 16-18. They include Victoria Tour, Indochina Charm Tour, Go Indochina Tours, Hello Vietnam, and Asiana Travel. The fair has the participation of over 1,000 enterprises from 50 countries and territories. First launched in 2014, SATTE is one of the largest tourism and travel fairs in South Asia, run annually by India’s leading exhibition organiser UBM, the Ministry of Culture, and travel associations. The event provides a platform for countries to promote their lands, people, and traditional cultures, as well as attract foreign investment in tourism. It is also an occasion for policymakers and managers in tourism, along with experts and businesses, to share experience in the field and seek business … [Read more...] about BUSINESS NEWS IN BRIEF 18/1
BUSINESS NEWS IN BRIEF 22/12
Experts want to reduce number of export inspections Experts have suggested changing the number of and the time spent for inspections of export activities, including customs clearance, to help reduce costs for enterprises. Speaking at a seminar held in Ho Chi Minh on December 20, Tran Ngoc Liem, deputy director of the Vietnam Chamber of Commerce and Industry (VCCI) HCM City, said that overlapping inspection procedures were causing problems for enterprises. The General Department of Vietnam Customs said that procedures accounted for up to 50 percent of customs clearance time. Many shipments have been inspected, but still have not been cleared, it said. Even after three months, State agencies are still conducting inspection checks. Phan Duc Hieu, deputy head of the Central Institute for Economic Management (CIEM), said the proportion of imports and exports subject to specialised inspections at customs clearance was up to 30-35 percent and would be reduced to 15 percent under a … [Read more...] about BUSINESS NEWS IN BRIEF 22/12
BUSINESS NEWS IN BRIEF 19/12
VN wood and furniture firms eye Mexico, Canada Mexico and Canada will be promising markets for Viet Nam’s wood and furniture products when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect in early 2019, according to the Ministry of Industry and Trade. Deputy Minister Tran Quoc Khanh said exports to Canada were worth over US$129 million last year and are expected to top $140 million this year. “The CPTPP will open opportunities for products such as wood flooring and bars to Canada because the market will immediately scrap the import tariff of 3.5 per cent when the agreement comes into effect. “Products such as plywood, picture frames, door frames and especially furniture will also have an opportunity because import tariffs of between 6 per cent and 9.5 per cent will be eliminated as soon as the agreement comes into effect. “Wooden handicrafts will also benefit when Canada agrees to abolish the 7 … [Read more...] about BUSINESS NEWS IN BRIEF 19/12