How important is the Vietnamese market for the development strategy of CapitaLand? Chen Lian Pang Vietnam plays an important role in CapitaLand’s development strategy. It is the third-largest market for CapitaLand in Southeast Asia, after Singapore and Malaysia. Vietnam is a key growth market for CapitaLand and we are seeing strong demand for vibrant, high-quality live-work-play spaces due to the rapid urbanisation and the evolving lifestyles of young and mobile Vietnamese people. Harnessing our vast experience across different real estate types, this upcoming integrated development will offer best-in-class practices in homes, offices, and malls, which will attract young Vietnamese urbanites, multinational companies, and local startups. What are CapitaLand’s biggest achievements in 24 years of operations in Vietnam? I can say that CapitaLand is now the biggest apartment unit provider and operator in Vietnam with a total of 33 projects, offering a total of just … [Read more...] about Singaporean standards boost CapitaLand’s profile in Vietnam
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VNR to keep divesting its subsidiaries Vietnam Railway Corporation (VNR) wants to continue the divestment of its subsidiaries, aiming to improve competitiveness and attract investors to enhance efficiency after three years on a downward spiral. A report on the results of the first six months of 2018 from VNR shows that all of its business indicators are on the rise, with revenue amounting to some VND4,000 billion, up 17.8% year-on-year, and with profit reaching VND106 billion. According to the report, the growth in revenue results from a series of renovation solutions for railway services, including replacing new cars, flexibly increasing and decreasing ticket prices depending on the market demand and linking to the tourism sector to attract passengers in groups. As railway transport models are still facing challenges, VNR has been forced to continue rearranging and restructuring its mechanisms and activities to sustain its operations and develop further. Besides this, the corporation … [Read more...] about BUSINESS NEWS IN BRIEF 5/8
The Association of Vietnam Retailers says that there has been an exponential increase in the number of people ordering food online in Hanoi and HCMC in the last few years, and it is foreign firms that are cashing in on delivering it. The food delivery market is now dominated by Delivery Now, and Vietnammm.com. Delivery Now is a product of Foody Corporation, once a Vietnamese food service startup that was acquired by Singapore-based internet firm Sea LTD last year, while Vietnammm.com is a subsidiary of Takeaway.com, one of the world’s largest online food ordering websites based in the Netherlands. Invested in by Ho Chi Minh City-based Scommerce Group, an information technology and services firm, Lala is considered a rising star in food delivery sector by industry insiders, having the advantage of hi-tech knowhow from its parent firm. Lala connects its users directly with restaurants before its shippers from Ahamove, also a child of Scommerce Group, delivers food. Delivery Now has … [Read more...] about Will Vietnamese firms miss the food delivery bus?
The World Economic Forum (WEF) is holding a summit in September, called WEF ASEAN 2018, focusing on regional entrepreneurship and the impacts of the fourth industrial revolution on regional economies and business community. Justin Wood, WEF Head of Asia-Pacific Region, talks to Viet Nam News reporter Hoang Son on the issues facing local startups and businesses. Why is the WEF focusing on entrepreneurship, the private sector and the fourth industrial revolution at the upcoming event? The WEF is very focused on the fourth industrial revolution all the time, not just this event. Our chairman, Professor Klaus Schwab, feels very strongly that technology is moving at a faster rate and the speed of change is accelerating. He feels that if we look at the world today, we can see so many disruptive technologies, including blockchain, artificial intelligence, drones, advanced robotics and so on. He feels that these technologies are going to be deeply disruptive and transformative to the economy, … [Read more...] about VN needs to increase innovation capacity
Local startups can join MTA Vietnam 2018By Hung Le BT Tee (L), general manager of UBM Vietnam, addresses a press meeting announcing MTA Vietnam 2018 - PHOTO: LE HOANG HCMC – MTA Vietnam 2018, the largest international precision engineering, machine tools and metalworking exhibition in Vietnam, will kick off on July 3 at the Saigon Exhibition and Convention Center in HCMC’s District 7. Notably, the four-day event will host pavilions for local startups. BT Tee, general manager of UBM Vietnam and organizer of MTA Vietnam 2018, shared the news with reporters at a press meeting announcing the event on June 15 in the city. Local enterprises need nurturing and competitive opportunities to approach international customers by joining manufacturing supply chains to achieve sustainable development in the marketplace, remarked Tee. Therefore, UBM Vietnam and the Multi Engineering Solutions Laboratory will jointly organize a booth chain specially designed for Vietnamese … [Read more...] about Local startups can join MTA Vietnam 2018