Mexico to face fierce competition from Vietnam: Mexican economists Mexican economists have shared the view that once the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect, Mexico will have to face fierce competition from Vietnam in many sectors, such as garments and textiles, leather and footwear, and electronic equipment. Arnulfo Gomez, a foreign trade expert, said Vietnam has successfully implemented a commercial strategy that helps improve the quality and competitiveness of its products on the international market by reducing spending on materials and applying technology in production. With such advantages, Vietnam has more capacity than Mexico to utilise opportunities generated by the CPTPP, he said. The experts suggested that the Mexican Government set forth new measures to raise the competitiveness of domestic businesses, thus avoiding adverse impacts from the deal. Statistics of the Mexican Ministry of … [Read more...] about BUSINESS NEWS IN BRIEF 16/12
Pre launch app marketing
MoMo shoulders mounting losses for larger market share
The accumulated losses of MoMo, the e-wallet and payment app of M-Service JSC, has increased to nearly VND600 billion ($26 million), catching up to Tiki and Shopee. MoMo's losses catch up to Tiki and Shopee (unit: billion dong) In order to ride the waves of the non-cash payment trends, intermediate payment services and e-wallets have received great investments recently. MoMo is one of the first e-wallets in the market, and as such has received ample investment. E-payment is quite a promising sector, but it seems to “burn” a great deal of money to lure in new clients and launch promotion campaigns for competition. Thus, as MoMo develops and expands, the more losses it has to suffer. The company’s losses rose to VND243 billion ($10.6 million) in 2017 adding to the VND147 billion ($6.4 million) in 2016 and VND43 billion ($1.87 million) in 2014. Thereby, as of the end of 2017, MoMo’s accumulated losses stood at VND566 billion ($24.6 million), equivalent to … [Read more...] about MoMo shoulders mounting losses for larger market share
iPhone XS, XR and the Apple Watch Series 4 launch: 5 things to know
An Apple iPhone XS Max (right) and iPhone XS rest on a table during a launch event on September 12, 2018, in Cupertino, California. (Photo: AFP/Noah Berger) Keeping to last year’s iPhone X look and feel, the three new phone models announced boast larger displays with a faster chip - the A12 Bionic. Here are five things you need to know about the announcement at Apple Park in Cupertino, California, United States: iPHONE XS AND XS MAX Marketed as Apple’s “most advanced smartphone ever”, the iPhone XS (pronounced “iPhone 10S”) and XS Max will come in gold, silver and space grey finishes. The iPhone XS Max (left) and iPhone XS. (Image: Apple) The iPhone XS Max is possibly one of the largest phones on the market, with a 6.5-inch screen - bigger than the iPhone 8 Plus (5.5 inches) and the Samsung Galaxy Note9 (6.4 inches). While the iPhone XS has a 5.8-inch screen. Both phones have: - Super Retina, OLED display with HDR display - IP68 dust and … [Read more...] about iPhone XS, XR and the Apple Watch Series 4 launch: 5 things to know
Samsung Galaxy Note 9 launched in VN
Samsung launches Galaxy Note 9 in two versions, 128GB and 512GB of memory. — VNS Photo Samsung on Tuesday launched the Galaxy Note 9 in the Vietnamese market. Available in two versions, 128GB and 512GB ROM, they are priced at VND22.99 million (US$1,008) and VND28.49 million ($1,249). The phones would be sold starting on August 24 with free upgrades from the 128GB version to the 512GB version offered to the first buyers on the opening day, the company said. This promotion will be available in HCM City, Ha Noi, Da Nang, Can Tho, Ba Ria – Vung Tau, Binh Duong, and Kien Giang. Samsung said customers can pre-order the phone from August 15 to get a free kit worth VND5 million containing a Dex HDMI cable, leather cover and wireless charger. The Note 9 was launched globally on August 8, and comes with many new functions. It has a stylus the company calls the S Pen, which offers users many functions including connecting with the camera. Samsung said developers can even integrate … [Read more...] about Samsung Galaxy Note 9 launched in VN
Grab expands operations to take on Go Jek
Grab expands its operation to compete with Go-Jek Grab: Ambition to dominate “When people wake up, they will book vehicles via Grab’s ride-hailing app, and then pay the fare via the Grab Financial app. At noon, they will pay for lunch via Grab Pay and book dinner via Grab Food.” This idyllic scenario was painted by Grab CEO Anthony Tan, when talking about M&A deals to expand the firm’s operations via launching a series of services, including Grab Food, Grab Pay, and Grab Financial. Notably, after receiving $2 billion from Didi Chuxing, the Chinese ride-hailing company, and SoftBank from Japan in July 2017 to expand its operations, Grab has connected millions of people with its financial services. Notably, the Grab Pay app was launched in all countries of Southeast Asia. When people wake up, they will book vehicle via Grab’s ride-hailing service app, and then pay the fare via Grab Financial app. At noon, they will pay for lunch via Grab Pay and … [Read more...] about Grab expands operations to take on Go Jek