To celebrate its 10 th anniversary, multi-category platform for secondhand in Greater Southeast Asia Carousell Group released the Carousell Recommerce Index (10 th Anniversary Edition), revealing the sustainability impact its collective community has made buying and selling secondhand items. Launched in Vietnam in 2013, Cho Tot is the leading Re-commerce platform in Vietnam with more than 10 million monthly users buying and selling in 60 categories Re-commerce refers to the selling and buying of previously-owned products, including both new and used in condition. The report covers data from nine of Carousell Group's brands across Southeast Asia, Hong Kong and Taiwan markets — Carousell, Cho Tot, Laku6, Mudah.my, OneKyat, One Shift, Ox Luxe, Ox Street, and Refash. Since its inception in 2012 as a mobile-first app to make selling and buying underutilised items easier, Carousell has grown from a C2C classifieds marketplace into a multi-category platform for secondhand … [Read more...] about Carousell Group and Cho Tot reveals impact of secondhand market
Homes in new market
The planning of ecotourism development and forest lease at the Con Dao National Park by 2030. (Photo: Ngoc Son) HCM City (VNA) – The southeastern province of Ba Ria-Vung Tau has promoted eco-tourism to bring new experiences to its visitors, towards green and environmentally friendly tourism. Utilising strengths Based on local strengths, Ba Ria-Vung Tau has taken a range of solutions to develop eco-tourism and community-based tourism in combination with landscape conservation. Director of the provincial Department of Tourism Trinh Hang said tourism is an economic pillar and eco-tourism is among the eight tourist types targeted by the province in 2020-2025. The province is blessed with primeval forests, mangroves, the Con Dao National Park - a Ramsar site of wetlands of international importance, rivers and sea, which has supported eco-tourism. Ba Ria and Vung Tau cities have brought into play their potential and strengths, along with existing maritime tourism products … [Read more...] about Ba Ria-Vung Tau: eco-tourism goes with environmental protection
Infographic by HSBC Since the advent of US-China trade tensions, Viet Nam has been one of the biggest beneficiaries in terms of both trade and FDI diversion, boosting its export share in the US market in particular. As a result, Viet Nam has become increasingly vulnerable to a US economic slowdown. In its recent 'Vietnam at a glance' report, HSBC said Viet Nam has been hit hard by a global trade slowdown, seeing the first meaningful year-on-year decline in its exports in two years. In particular, the decline has been led by an economic slowdown in the US, Viet Nam’s largest export destination. After over two years of booming trade, the “pay-back” time has come. Global orders have been falling sharply, taking a toll on Asian exporters. Viet Nam is no exception, and it has been on the front line in terms of feeling the pain. In November, the country saw the first meaningful year-on-year decline in its exports in two years, with broad-based weakness. In particular, shipments of … [Read more...] about HSBC: Is an export winter approaching?
The north of Viet Nam's IP has attracted lots of foreign direct investment (FDI) enterprises. Frasers Property Group launches the first internationally branded serviced apartment in Vinh Phuc to serve foreign experts serving those enterprises. — Photo courtesy of Frasers Property Group Frasers Property Group launched the first internationally branded serviced apartment in the satellite city of Vinh Phuc, which is home to 400 foreign direct investment (FDI) enterprises. Earlier this month, Viet Nam was ranked in the top Baseline and Cost quartile in the latest Manufacturing Risk Index 2022 by Cushman & Wakefield, whose report noted the country was among markets benefiting from the China+ approach of foreign investors. The report said Viet Nam has seen rapid expansion of its industrial sector over recent years, adding that the market benefited from geographical connectivity both within the region and to markets outside of the region. Signing an operation and management … [Read more...] about Serviced apartments increase as IPs grow