A workshop themed "ASEAN 4.0: entrepreneurs in the fourth industrial revolution” takes place in Hanoi on August 21. (Photo: VNA) Hanoi (VNA) – Opportunities and challenges facing ASEAN enterprises in the fourth industrial revolution (4.0) were the main discussion at a workshop hosted by the Foreign Ministry in Hanoi on August 21. The event, themed “ASEAN 4.0: entrepreneurs in the fourth industrial revolution”, forms part of activities ahead the World Economic Forum (WEF) ASEAN 2018 that will take place in Hanoi from September 11-13. It saw the participation of representatives from ASEAN embassies in Vietnam, ministries, leaders of top local technology enterprises and economic experts. Participants shared ideas and made policy recommendations to help ASEAN enterprises improve their adaptation to and increase their participation in the 4.0 industrial revolution, thus maintaining the region’s active development. In his opening speech, Deputy Foreign … [Read more...] about Workshop talks ASEAN entrepreneurs in revolution 4.0
Fastest growing markets 2018
The competition in the mid-end smartphone market segment is the most cutthroat, with the Galaxy A50 the trump card for Samsung to beat rivals. According to GfK, a market analysis firm, the smartphones priced at VND5-10 million accounted for 34 percent of the total smartphone market share in 2017. The figure soared to 51 percent in the first eight months of 2018. In 2018 alone, no fewer than 30 new smartphone mid-end models were launched into the market, a very high number compared with low-cost or high-end models launched. It is estimated that three models of the segment hit the market each month, while there were only 6-8 manufacturers. Previously, analysts assessed smartphone manufacturers’ technology capability via the sales of their flagships. Today, the sales competition is stiff in the midrange market segment. At present, the high-end market segment is being controlled by the two giants, while other manufacturers cannot find opportunities to squeeze in. … [Read more...] about Mid-tier smartphone competition heats up
Apple and Samsung are now controlling the high-end smartphone market segments. Other brands have disappeared. “What should I buy with tma budget of VND20 million?” It’s easy to answer in Vietnam, because there are only two choices, either Apple or Samsung. The Vietnamese smartphone market Statistics from GfK showed that the two manufacturers have ‘swallowed the high-end market’. High-end smartphones are products with the prices of VND15 million or more. In March 2019, the two giants made up 99.2 percent of the high-end smartphone market share, with 42.8 percent belonging to Apple and 56.4 percent to Samsung. In April, Apple jumped to the No 1 position with 59.1 percent of market share. Samsung was in the second position with 34.1 percent, leaving Huawei far behind with 6.5 percent. In March 2019, the two giants made up 99.2 percent of the high-end smartphone market share, with 42.8 percent belonging to Apple and 56.4 percent to Samsung. As … [Read more...] about Vietnamese have only two choices for high-end smartphones
Farmers harvest tra fish in Thot Not district, the Mekong Delta city of Can Tho (Photo: VNA) HCM City (VNA) – Vietnam’s tra fish (pangasius) industry has been urged to strongly improve its quality so as to compete with not only traditional rivals, but also its biggest tra fish importer – China. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), the domestic tra fish sector faces many rivals, including India, Indonesia, and Bangladesh – who each represents around 15-20 percent of global production. The global production of farmed tra fish was estimated at 2.8 million tonnes in 2018, up 6 percent from the previous year, and about 45 percent of this total was sourced from Vietnam, mostly in the Mekong Delta. As of March 2019, there were 20 tra fish processing factories in China whose production capacity had reached some 30,000 tonnes per year. This fact indicates that China is likely to become a big rival to Vietnam’s tra … [Read more...] about Boosting tra fish quality urged to match up to Chinese competition
With reasonable selling prices and Vietnamese brand, Vsmart’s products are capable of dislodging Chinese brands from the Vietnamese market. The Vietnamese smartphone manufacturer, at its debut event on December 14, 2018, introduced four models. All of them belonged to the low- and medium-end market segments with starting prices of VND2.5-6.3 million. While Vingroup still pursues the strategy of making luxury sedans, Vsmart Lux and Vsmart Super Lux still have not been marketed. However, many things changed a year later. While Vingroup still pursues the strategy of making luxury sedans, Vsmart Lux and Vsmart Super Lux still have not been marketed. Thanh Mai Who are the potential clients for Vsmart’s huge smartphone plant? As the habit of Vietnamese smartphone users has changed, mobile network operators in Vietnam can now cooperate with Vsmart to provide smartphones at low prices with associated service packages. … [Read more...] about Low-cost smartphones – a new strategy of Vsmart?