VietNamNet Bridge - IKEA, the furnishings group from Sweden, plans to invest 450 million euros to develop its retail and storehouse network in Hanoi. In October 2017, Bloomberg reported that IKEA, the furniture retail chain, announced a plan to open shops in Vietnam in the next five years. Some days ago, Hanoi’s Mayor Nguyen Duc Chung has confirmed that the Swedish home furnishings giant plans to build a retail center and warehouse system in Hanoi with an investment of $450 million. Once operational, the center would be IKEA’s main supply hub for Southeast Asia. Many Vietnamese say they will become IKEA’s loyal clients after it opens in Vietnam. “I have been using IKEA’s products for many years. But it takes a long time to order and wait for delivery. It would be wonderful if IKEA sets up shop in HCM City,” wrote Facebooker Thuy Pham. Total consumption value of the Vietnam’s furnishings market in 2018 was $4 billion. With average … [Read more...] about Will IKEA be successful in Vietnam?
Ikea value chain
The café, at 37 Ton Duc Thang, District 1, Ho Chi Minh City, has already welcomed Pereric Högberg, the Swedish Ambassador to Vietnam, many young people, businessmen, artists to experience Swedish fika style, or having coffee like a Swede. Wayne’s Coffee is one of the world-renowned brands from Sweden along with the band ABBA, Volvo cars, IKEA furniture, Absolut vodka, Ericsson mobile phones, and H&M fashion, Högberg said. "For Swedes, Fika isn’t something that is luxury, classic. It is simply a part of everyday life. However, it is an indispensable aspect of the lifestyle of the people", the ambassador said. "Sweden is a cold country, so coffee is a very important thing to help us warm up. Drinking coffee is also a way to meet friends, help stay awake to drive; that is fika, about a fast and relaxed break during the day. Swede Ambassador in Vietnam - Mr. Pereric Högberg. "I am very happy to have the first Swedish coffee chain in Vietnam. I … [Read more...] about ‘Fika’ like a Swede with Wayne’s Coffee in Vietnam
HCM City works to solve difficulties facing property enterprisesThe People’s Committee of Ho Chi Minh City held a conference on November 7 to help local real estate enterprises solve difficulties.Le Hoang Chau, President of the Ho Chi Minh City Real Estate Association, said the local property market faces several bottlenecks affecting enterprises’ business and investment activities, including approval of investment intentions, ground clearance, land use feess, project acquisition, using land funds to pay for Build-Transfer (BT) contracts, and credit and financial procedure issues.The slow settlement of these bottlenecks is one reason for the significant decrease in the supply of real estate products in 2018, which is forecast to continue reducing in 2019, Chau affirmed.At the event, local enterprises shared difficulties facing them during project implementation.Chairman of the municipal People’s Committee Nguyen Thanh Phong admitted that there remain several … [Read more...] about BUSINESS NEWS IN BRIEF 9/11
Viet Nam News HCM CITY — The Greater Mekong region, once the world’s most densely forested area, has lost a third of its natural forest cover and will lose another third by 2030 unless action is taken immediately, according to a new World Wide Fund for Nature (WWF) report. Action must be taken to protect and restore natural forests, and promote community-led sustainable forest management and trade, it said. The “Pulse of the Forest” report showcases both the threats and potential for forests of the Greater Mekong region, which consists of Cambodia, Lao PDR, Myanmar, Thailand and Việt Nam. The region is one of 11 global deforestation areas that in the coming decades are projected to account for up to 80 per cent of the world’s forest loss. These five countries could account for 17 per cent – or 30 million hectares – of global deforestation by 2030 unless serious measures are carried out. “The Greater Mekong’s forests are … [Read more...] about Greater Mekong region tries to stop devastation