Interest in Singles’ Day sales skyrockets in VN An analysis conducted by online shopping aggregator iPrice found that Việt Nam’s interest in November 11 Singles’ Day sales skyrocketed this year. According to internet traffic data, the company discovered a huge jump of 210 per cent in the number of customers participating in the Singles Day sales in Việt Nam compared to the same time last year. By analysing Vietnamese search trends on Google, iPrice found that keyword searches for “November 11” began growing steadily nearly two weeks prior to the date, three times higher in search interest compared to the same period last year. In addition, Vietnamese consumers were now much more familiar with the November 11 tradition which originated from China, and excitedly look forward to it as an important annual promotion period. For the event, big merchants offered different promotions with discounts being the most popular, together with vouchers, flash … [Read more...] about BUSINESS NEWS IN BRIEF 13/11
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A screen grab Facebook post of a ’mini turtle’ vendor, with many saying that they are actually the red-eared sliders, an exotic and highly invasive species.Viet Nam News ‘Mini turtles’, or miniscule creatures that are barely double the size of a thumbnail with painted-on shells, are the latest fad amongst Vietnamese youngsters in search of cute pets. The drawings on the shells vary from simple flowers and ordinary sceneries to more sophisticated drawings of popular anime characters. Advertised as a low-maintenance pet that can live up to one month without drinking or eating with the additional benefit of eating mosquitoes and flies, inputting the keyword in Facebook search tool yields hundreds of results from makeshift vendors, who sell the turtles for VNĐ 40-60,000 (US$ 1.71-2.57). However, the selling and buying of these painted-on turtles is stirring controversy. Some suggest that the painting might be toxic for the reptiles, as several vendors have … [Read more...] about Slapping lipsticks on…turtles?
Siemens Việt Nam president and CEO Pham Thai Lai The digital technology movement has developed rapidly and made a significant impact on Vietnamese enterprises, especially small and mid-sized enterprises. Phạm Thái Lai, CEO of Germany’s Siemens Vietnam, spoke to Việt Nam News about how domestic firms can utilise digital technologies to be more competitive in the local and global playgrounds. What do you see as the challenges facing Việt Nam’s manufacturers and how should they address these obstacles through digitalisation? Reducing time to market, greater flexibility requests, and increasing quality at the lowest possible price while being energy efficient are the main challenges manufacturers face today. Apart from that, they must decide on where to start their digitalisation journey and what to fix first before going any further. Digitalisation can help manufacturers with their complete value chain starting from product design, production … [Read more...] about Starting down the digital path
Scores of Vietnamese and foreign experts will gather in Hanoi on June 14 for a conference on ways to promote the development of blockchain technology in Vietnam. The "Blockchain Forum 2018: Vision and Development Trend" is being billed as a dialogue between blockchain enterprises and management agencies, seeking solutions to blockchain technology development in Vietnam. The conference is being organized by VnExpress, Vietnam’s most-read news website, in conjunction with the Ministry of Science and Technology. It is supported by Infinity Blockchain Labs and other blockchain platform developers Achain and Tomochain. The world over, blockchain technology has become one of the most searched keywords in recent years, expanding its applications from digital finance to various fields including agriculture, healthcare and logistics. It is the world’s leading software platform for digital assets and touted to be a tool to build a radically better financial system. Wikipedia … [Read more...] about Experts to discuss future of blockchain technology in Vietnam