In the context of the widespread application of technology in business and daily life, online food ordering is a growing industry attracting dozens of new players in Vietnam. Ly Le, an office worker in Ho Chi Minh City’s Phu Nhuan District, told Tuoi Tre News that after every lunch break, she and her colleagues discuss whether to order milk tea and other drinks for their afternoon in the office. It is not uncommon for office workers in Vietnamese cities to indulge themselves in snacks and drinks to wet their whistle during the tiring afternoon hours at work. According to Le, each colleague on her team has a different food ordering app on their smartphone for this purpose. “We each check on apps like Now, GrabFood, Lala, and Loship to see which is offering the best discount,” Le said. Tran Anh, another office worker who resides in District 9, said that she used to call food stores directly to order snacks, without knowing shippers' … [Read more...] about Online food ordering services mushroom in Vietnam
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Strong advocator of Vietnam’s business development
CSR Strong advocator of Vietnam’s business development By Son Hoang Monday, Dec 9, 2019,09:35 (GMT+7) Strong advocator of Vietnam’s business developmentBy Son Hoang Mr. Shin Dong Min, CEO of Shinhan Bank in Vietnam, and representatives of SFL Vietnam welcome potential startups to join in “Acceleration program” When it comes to corporate social responsibility, Shinhan Bank chooses the rougher path: helping develop new startups for the local economy. Over the past three years, many Vietnamese startups have emerged and gained initial success owing to the support from the South Korean bank. The initiative to support Vietnamese startups stemmed from the success of Shinhan Future’s Lab (SFL), a subsidiary of Shinhan Financial Group known as the leading start-up acceleration program in South Korea. SFL Korea was founded in 2015 and has since supported a lot of successful startups. Some 93.4% of … [Read more...] about Strong advocator of Vietnam’s business development
Liquidating morgaged assets to recover bad debts still difficult
With the financial year drawing to a close, banks are busy selling mortgaged properties to resolve bad debts, recovering capital. Photo vov.vn With the financial year drawing to a close, banks are busy selling mortgaged properties to resolve bad debts, recovering capital. On November 22, Vietinbank’s Kien An branch announced auctions to recover four large non-performing loans worth dozens of billions to trillions of dong. They include a VND27 billion (US$1.17 million) loan owed by the Hon Ngoc Liability Limited Company. The lender’s Dong Nai branch announced the sale of two properties to recover VND1.2 trillion ($52.17 million) and VND4.3 trillion ($156.95 million) from the Tan Mai Mien Dong Joint Stock Company and Tan Mai Mien Trung Joint Stock Company. Recently, SHB decided to sell a mortgaged asset worth VND9 billion by an individual customer. Others like Sacombank, MB, Agribank and BIDV have been announcing a number of auctions of mortgaged properties. A State Bank of … [Read more...] about Liquidating morgaged assets to recover bad debts still difficult
Minister calls for making distinction in regulating ride-hailing, taxi firms
In a letter to Prime Minister Nguyen Xuan Phuc, Minister of Information and Communications Nguyen Manh Hung said there should be a new legal framework for ride-hailing services like Grab and Go-Viet so that technology could bring social and economic benefits as seen in countries like the U.K., Singapore and Indonesia. While traditional taxi firms provide a whole gamut of the transport services, ride-hailing services only provide a part and so should be managed differently, he explained. He proposed a new definition in the law for ride-hailing firms as companies which provide platforms to connect drivers and passengers using technology. Vietnamese officials have been scratching their heads about how to manage ride-hailing services since traditional taxis are crying foul, claiming their business is being damaged by new competitors like Grab. In its latest version of a bill on managing these services, the Ministry of Transport has tightened conditions for ride-hailing firms. They … [Read more...] about Minister calls for making distinction in regulating ride-hailing, taxi firms
A new ‘climate strike’: Opting for no children as climate fears grow
German schoolteacher Verena Brunschweiger decided shortly after her marriage not to have children - not because she did not want them but because she felt she could not justify the climate damage caused by adding to the planet's population. She is part of a growing movement of women and young people who have vowed not to have a families out of concern about a looming climate change crisis. "We really thought long and hard about this," Brunschweiger told the Thomson Reuters Foundation in a telephone interview from her home in Bavaria. "Eventually the environment was the most important factor for me," she said. "I struggled, of course. We love children – my husband is also a teacher... But I'm certain I made the right decision." Climate change is changing choices for some young people as the world struggles to limit global warming, aiming to hold off impacts ranging from more extreme floods, droughts, storms and sea level rise to growing hunger, water shortages and poverty. … [Read more...] about A new ‘climate strike’: Opting for no children as climate fears grow