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This is the second year that MM Mega Market Thang Long has received this title. The title was reviewed and awarded by Hanoi Department of Industry and Trade in co-ordination with the Energy Efficiency and Conservation Programme under Hanoi Municipal People’s Committee. The representative of MM Mega Market Vietnam received the Green Energy title at the ceremony on December 7 2017 was the first year Hanoi initiated the programme to evaluate and recognise green energy facilities. The title "Green Energy" honours facilities and businesses using green energy as well as popularising and replicating typical energy-saving solutions for similar facilities and models, promoting efficient use of energy in accordance with the goal of green, stable, and sustainable economic growth. In 2019, MM Mega Market Thang Long won the four-star level, among 11 construction works recognised for using green energy. The facilities that earn the title will be granted a certificate corresponding to … [Read more...] about MM Mega Market Thang Long receives Green Energy Hanoi 2019 title

Vietnamese conglomerate Vingroup has decided to honor all Vietnamese athletes who won medals at the 30th Southeast Asian (SEA) Games in the Philippines with extrinsic rewards as encouragement for their accomplishments at the regional multi-sport event. The multifaceted group announced on its website on Tuesday morning that the firm will give out cash prizes of VND20 million (US$860), VND10 million ($430), and VND5 million ($215) for each gold, silver, and bronze medal, respectively, claimed by any athlete in any sport at the SEA Games. The budget for these rewards totals up to more than VND5 billion ($215,000), the company said. Besides, Vingroup said it will have additional rewards for the Vietnamese U22 men's football team, who won the long-awaited gold medal after smashing Indonesia 3-0 in the finale of the category on Tuesday night. The conglomerate will also present an e-scooter worth VND39.9 million ($1,700) and VND20 million ($863.14) in cash to each member of the … [Read more...] about Vietnam’s Vingroup motivates SEA Games medalists with lucrative rewards

Ice cream is also a market where local and foreign brands are battling it out for market share. The Kido Group, formerly Kinh Do, posted its highest revenue growth for three years in 2018 after selling its snacks business. The new strategy - fast-moving consumer goods (FMCG) including cooking oil, instant noodles, and frozen foods - lay behind the growth. When penetrating into new markets, the group defined its priorities as market dominance and testing as well as developing its ice cream category, with the aim of remaining the market leader despite the increasing competition and slowing growth in FMCG. Less-than-expected growth Kido Foods, which owns ice cream and other frozen food brands, holds a 40 per cent market share and has a huge distribution network of up to 70,000 points throughout the country. Ice cream contributes up to 80 per cent of its total revenue, but revenue growth from ice cream fell 12.3 per cent last year compared to 2017. Promotional campaigns and declining … [Read more...] about Competition rising in VN ice cream market