By Thi Hong – Translated by Kim Khanh
European business cards
|Ho Chi Minh City has 5,002 tourism businesses operating with about 31,500 employees|
Accordingly, the proposal aims to support tourism businesses that are facing difficulties due to the impact of the COVID-19 pandemic, to pay wages to employees. The expected amount is more than VND208.8 trillion ($9.1 billion) to pay salaries for employees for three months.
Ho Chi Minh City has 5,002 tourism businesses in operation, with about 31,500 employees including 552 travel businesses with 12,000 employees and 4,450 tourist accommodation establishments with 19,500 employees.
Furthermore, Ho Chi Minh City Department of Tourism also proposed the city to spend more than VND21.7 billion ($943,480) supporting tourist attractions and museums of relics as public non-business units for five months.
Specifically, there would be free entry to five attractions, including the War Remnants Museum, the City History Museum, the City Museum, the city’s Fine Arts Museum and Historic Relics and the Cu Chi Tunnel complex in the year-end tourist season from August to the end of 2021. Plus, the salaries of employees would be also supported.
Ho Chi Minh City Department of Tourism also proposed considering training human resources for tourism this year, with 20 classes expected with a total amount of about VND1.2 billion ($52,170). 80 per cent of this expenditure comes from the city budget. The participants are managers, tour guides, and workers who directly work at tourist resorts, restaurants, and accommodation.
In addition, the department also proposed extending the period of suspension of payment of retirement and survivorship life insurance, delaying the time of payment of the union’s fund for business and those affected by the pandemic without interest and penalties for late payment.
At the same time, the regulations on unemployment benefits in 2021 are proposed to adjust in the direction of reducing the minimum working time from 12 to three months, increasing the unemployment benefit from 60 to 80 per cent of the average monthly salary paid for voluntary insurance.
Along with that is the proposal to the Ministry of Finance (MoF) to consider reducing the value-added tax from 10 to 5 per cent, prolonging the policy of 15 per cent land rent reduction, extending the reduction of fees for appraisal of travel business licenses and tourist guide cards until the end of this year.
Furthermore, the MoF is proposed to coordinate with the State Bank to study and propose the government to allow travel businesses to reduce their deposit by 80 per cent within two years.
By Hong Phuc
HÀ NỘI — A book about digital transformation was published on Monday to provide knowledge, a roadmap and digital transformation technology solutions for Vietnamese businesses.
The guidebook was developed by experts from the programme to support businesses in digital transformation for the period 2021-25 of the Ministry of Planning and Investment, in collaboration with the USAID LinkSME Project.
The digital transformation roadmap for small and medium-sized enterprises in Việt Nam recommends going through stages including a preparation phase and three stages to make the gradual transition from “doing digital” to “being digital”.
These stages are relative, depending on the status, goals and potential of each enterprise.
The stages include defining goals and strategies, followed by the digital transformation of business models, the digital transformation of management models, and connecting business, management and innovation to create new products and services.
The book summarises the map of technology solutions, evaluates the advantages and disadvantages of the solutions and compares the readiness of domestic solutions with international solutions on the Vietnamese market.
The programme to support businesses in digital transformation in 2021-2025 is chaired by the Ministry of Planning and Investment and co-ordinated by the US Agency for International Development (USAID).
The programme aims to enhance awareness of digital transformation for all businesses by 2025 and have at least 100,000 enterprises receive technical support on digital transformation.
It also targets at least 100 businesses becoming successful digital transformation models to spread and replicate.
The programme will also establish a network of experts including at least 100 organisations and individuals to consult, provide solutions to promote digital transformation for businesses and support the development of digital platforms.
Digital transformation technology solutions for businesses can be found at ebook.business.gov.vn . — VNS
HCMC businesses donate rice to Ehome residents in Saigon Times – Great Circle program
By Le Vu – Trinh Hoang
|Rice and necessities are transported to Ehome apartment building compound in Binh Tan District, HCMC to be delivered to the residents on lockdown – PHOTOS: LE VU|
HCMC – Businesses in HCMC on June 15 donated eight tons of rice and other gifts to residents of the Ehome 3 apartment building compound on lockdown in Binh Tan District, HCMC, as part of the “Saigon Times – Great Circle – Join hands to fight the Covid-19 pandemic” program.
The necessities were mainly provided by the An Cuong Wood Working Joint Stock Company, the Saigon Thang Long Group and the Thang Loi Group.
The “Saigon Times – Great Circle” program last year saw the participation of many businesses in HCMC and other localities nationwide. For six months of the program, the businesses donated necessities and medical equipment to frontline medical workers, border guards and underprivileged people across the country.
The program also provided relief to people affected by storms and floods and support to localities to promote tourism.
This year, the Saigon Times Group is calling on businesses, individuals and organizations to join the “Saigon Times – Great Circle – Join hands to fight the Covid-19 pandemic” program to support people in need.
The fourth Covid-19 wave, which began on April 27, has negatively affected the livelihoods of many people in HCMC. Due to an upsurge of new Covid-19 cases, the city has put some areas under lockdown or isolation.
Ehome Binh Tan is one of the areas that have been put on lockdown to curb the spread of the disease. Therefore, the Saigon Times Group collaborated with businesses to provide relief aid to the residents here.
|Representatives of the Saigon Times Group, the An Cuong Wood Working Joint Stock Company, the Saigon Thang Long Group and the Thang Loi Group pose for a photo at the event|
Nguyen The Loi, board chairman of the Saigon Thang Long Group, said, “This is the second time that our company and partners have joined the Saigon Times – Great Circle program of the Saigon Times Group. In the first program in 2020, we gave medical equipment and gifts to border guards in the southern provinces when the pandemic broke out.”
According to Loi, social distancing measures have made life even more difficult for disadvantaged people. Therefore, the An Cuong Wood Working Joint Stock Company, the Saigon Thang Long Group and the Thang Loi Group decided to lend a helping hand.
“We expect to donate 50 tons of rice to needy people that have been severely affected by Covid-19. On June 11, we gave eight tons of rice to people in 16 wards of Go Vap District. Today, we also donated two tons of rice to the locals of Thanh Loc and An Phu Dong wards, District 12,” he added.
The Saigon Times Group launched the “Saigon Times-Great Circle 2021” program with the theme “Join hands to fight the Covid-19 pandemic” on June 2, aimed at supporting people affected by the pandemic.
The program will receive donations from organizations and individuals and then distribute them to the needy in HCMC and other provinces.
Donations for the program can be sent to:
Tap chi Kinh te Sai Gon
Bank account number: 1007 1485 1003318
Vietnam Export Import Commercial Joint Stock Bank (Eximbank) – Hoa Binh Branch – HCMC
Transaction content: Name – UnghoSaigon Times – NVTL – Donghanhchongdich
Hanoi (VNA) – Vietnam’s retail market has been stirred up recently by two huge deals that confirm the appeal the 100-million-strong market holds.
On May 19, E-mart , the largest retailer in the Republic of Korea (RoK), announced that it will sell its retail store business in Vietnam to local firm the Truong Hai Auto Corporation (THACO).
The move marks the Korean retailer’s withdrawal from Vietnam after nearly seven years.
The number of RoK products sold in E-mart outlets in Vietnam rose from 170 in the year it came to Vietnam to 1,200 by 2020.
The E-mart deal comes after a 400 million USD investment from Chinese giant Alibaba in The CrownX , a company owned by the Masan Group Corporation, to operate the VinMart supermarket chain.
The deal is one of the largest by Alibaba in Southeast Asia since it bought Lazada in 2018 for 4 billion USD. It will allow Alibaba and Lazada to access a network of more than 2,000 outlets without having to spend time and money establishing a distribution network. Consumers will also see products sold in VinMart available on Lazada and can pick up orders from Lazada at VinMart.
This is a perfect combination between the two giants in the omni-channel retail trend, according to e-commerce expert Nguyen Huy.
Lazada has acquired a handsome share of Vietnam’s e-commerce market and this deal is expected to help Alibaba speed up its online-to-offline (O2O) scheme in the country.
The leader of one small domestic supermarket said that that since Lazada entered Vietnam, foreign traders have penetrated more deeply into the market through trans-border trading activities, which pose difficulties for domestic production.
Merger and acquisition (M&A) experts said that after a period of relative silence, Vietnam’s retail market has entered a new stage of competition that is much fiercer than previously. M&A deals are forecast to continue to rise in the time to come.
The market has seen strong growth in recent years, of about 10 percent annually to reach some 160 billion USD in value by 2020. Vietnam is considered one of the fastest-growing e-commerce markets in Southeast Asia, after only Indonesia./.
Hanoi (VNA) – An influx of foreign investment, the rise of e-commerce, and the sound containment of COVID-19 are believed to have driven growth in Ho Chi Minh City ’s retail sector despite the considerable impact of the pandemic, according to the Cong Thuong (Industry & Trade) newspaper.
Total retail and service revenue in the southern economic hub has bounced back compared to the same period last year, though has yet to return to pre-pandemic levels.
The city recorded more than 366.23 trillion VND (15.8 billion USD) in total retail and service revenue between January and April, up 7.9 percent year-on-year. Retail sales of key commodities such as food, garments, household appliances, and automobiles rose some 10 percent year-on-year.
Tu Thi Hong An, Director of Commercial Leasing at Savills Vietnam, said the pandemic has created numerous difficulties for retailers, noting that a number of businesses have been forced to shut down or scale down their operations, but added that this is normal.
However, she went on, HCM City’s retail market is seeing a steady inflow of foreign investment, with several food and fashion chains opening new outlets, indicating that international brands have spotted the potential Vietnam’s retail market possesses.
An predicted that in the time ahead, clothing and accessory brands will continue to be the main lessees of retail space at shopping centres in the city’s outlying areas. In populous areas, meanwhile, food and convenience stores are expected to develop further.
Total retail sales will continue to rise as more e-commerce and international brands enter the market, she added.
Echoing this view, Lai Viet Anh, Deputy Director of the Vietnam E-Commerce and Digital Economy Agency at the Ministry of Industry and Trade, said the ongoing growth in e-commerce will continue to support the retail market, especially in major cities like Hanoi and HCM City.
With 67.6 points, HCM City retained its leading position in the Vietnam E-Business Index 2021, released by the Vietnam E-Commerce Association (VECOM), followed by Hanoi with 55.7 points.
The Trading Economics platform, meanwhile, forecast that retail sales in Vietnam will grow 11 percent this year, outpacing other Southeast Asian countries, and household spending up 9.6 percent, which will contribute to growth in the retail market./.