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Foreign market entry modes

Food delivery services poised for boom in Vietnam

January 28, 2019 vietnamnews Leave a Comment

Viet Nam News HCM CITY – Online-to-offline (O2O) food delivery services are expected to grow rapidly, making them red hot in the market and attract investment from many Vietnamese and foreign investors, companies said. They have been growing strongly in Việt Nam in the last year or so with many mobile apps and websites offering these services, allowing consumers to place orders. The big players now are Now, Lala, Vietnamm, Lixi, Loship, GO-VIET’s GO-FOOD, and Grab’s GrabFood. Explaining how the service works, a provider said: “All kinds of local delights are delivered from large restaurant chains to small mom-and-pop stalls.” When customers make an order, the apps automatically detect their locations to make recommendations of restaurants nearby. A shipper will then be chosen to deliver the foods to the consumer. Consumers can then track the real-time location of the driver in the app A GrabFood Việt Nam spokesperson told Việt Nam … [Read more...] about Food delivery services poised for boom in Vietnam

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Food delivery services poised for boom in Viet Nam

February 3, 2019 bizhub Leave a Comment

Online-to-offline (O2O) food delivery services are expected to grow rapidly, making them red hot in the market and attract investment from many Vietnamese and foreign investors, companies said. They have been growing strongly in Viet Nam in the last year or so with many mobile apps and websites offering these services, allowing consumers to place orders. The big players now are Now, Lala, Vietnamm, Lixi, Loship, GO-VIET’s GO-FOOD, and Grab’s GrabFood. Explaining how the service works, a provider said: “All kinds of local delights are delivered from large restaurant chains to small mom-and-pop stalls.” When customers make an order, the apps automatically detect their locations to make recommendations of restaurants nearby. A shipper will then be chosen to deliver the foods to the consumer. Consumers can then track the real-time location of the driver in the app A GrabFood Viet Nam spokesperson told Viet Nam News: “Food delivery in Viet Nam is booming. With … [Read more...] about Food delivery services poised for boom in Viet Nam

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BUSINESS NEWS IN BRIEF 23/1

January 22, 2019 vietnamnet Leave a Comment

MoIT celebrates soaring export turnover in 2018 The $245 billion in total export turnover and 29 export categories exceeding the $1 billion threshold are touted as a major success for the Ministry of Industry and Trade (MoIT).     The rosy export picture was highlighted as one of the achievements of the MoIT in 2018 at the review meeting held on January 17. Notably, last year, Vietnam’s total export turnover reached $245 billion, up 13.8 per cent on-year and exceeding the target set by the National Assembly and the government. 29 goods categories reached $1 billion in turnover, with five categories hitting $5 billion and five others $10 billion. Vietnam’s export markets expanded and now Vietnamese goods are present in almost all markets of the world. Numerous goods categories have set a solid foothold in key markets, including Europe, the US, Japan, and Australia. Especially, Vietnam saw an increase in export turnover in markets it signed free trade … [Read more...] about BUSINESS NEWS IN BRIEF 23/1

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Car rental market accelerates

December 19, 2018 vir Leave a Comment

Only in the last 10 years has the rental sector for cars started to reach heights seen elsewhere, with the arrival of major international firms, Photo: Le Toan Despite Tet holiday being over a month away, a young Ho Chi Minh City couple living with a three-year-old child are trying to find places to rent a car to return home to the southern province of Dong Nai during the Lunar New Year. “Car rental costs have doubled in the run-up to Tet, and are harder to find due to lack of cars. For us, it remains the preferred mode of transport for certain routes, where air and rail travel are not available,” the husband said. The car rental demand has been increasing fast in recent years across Vietnam, from budget to luxury cars, and not only for Tet holiday. The sector is expected to heat up with the recent announcement that the world’s largest car rental provider, Enterprise Holdings, is to enter Vietnam, making the country the first stop for the Enterprise Rent-A-Car … [Read more...] about Car rental market accelerates

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Vietnam extends e-visa policy for foreign tourists until 2021

October 19, 2018 vnexpress Leave a Comment

The Vietnamese government has approved a two-year extension of the pilot e-visa issuance program for foreigners visiting the country. The policy was launched on February 1, 2017, allowing citizens from 40 countries to apply for electronic visas. These countries included major tourism markets of  China, Japan, South Korea, the U.S, the U.K, Germany and Sweden. Last year, visitors from six countries, Australia, India, Canada, the Netherlands, New Zealand and the U.A.E were added to the list. The e-visa application scheme was scheduled to expire next February, but has been extended now. As of August 31 this year, more than 241,000 foreign tourists have entered Vietnam with e-visas, according to Vietnam National Administration of Tourism (VNAT). The policy allows foreigners to apply for a 30-day, single-entry e-visa for holidays or business trips by paying a $25 application fee online. Applicants are required to complete a form available on two separate websites (one in … [Read more...] about Vietnam extends e-visa policy for foreign tourists until 2021

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