Nguyen The Tan, CEO of VCCorp In the last three years, three Vietnam’s social networks started with funding commitments from investors. In June 2019, Hahalolo, a social network believed to be the first developed by Vietnamese, integrates social network, online tourism services and e-commerce. Like other big social networks, Hahalolo has functions allowing users to make friends, and chat online without limitations in space and time. Hahalolo users can interact through the features of posting, commenting, sharing and expressing emotions. Hahalolo also integrates online travel and e-commerce service models, which helps it be a bridge which links travel enthusiasts, and link with travel service providers, retailers with customers. In July, another social network, Gapo, made its debut. At a press conference to introduce Gapo, Gap Technology, the developer, received commitment from G-Capital to invest VND500 billion. The amount of money would be used in the first phase of … [Read more...] about How will Vietnam’s social networks compete?
The social network quotes
The online travel agent Hahalolo launched its first social travel network on Monday. — VNA/VNS Photo HÀ NỘI — Việt Nam’s online travel agent and start-up Hahalolo launched its first social travel site in HCM City on Monday. The site, also an e-commerce platform, enables users to interact online, connecting travel agents, tour operators and retailers with their customers. It operates on the website www.hahalolo.com and mobile app Hahalolo, which is available on iOS and Android operation systems. New technologies will be updated to provide features that meet users’ demands. The start-up project began in 2014 while its trial version was launched in October 2018. Hahalolo’s general director Nguyễn Văn Hạ said the site currently had 500,000 accounts. The social travel site aimed to have two billion users by 2024 and would be listed on the international stock market, he added. — VNS … [Read more...] about VN’s first social tourism network launched
The Vietnam-UK Network hosts a panel discussion and networking event named “Vietnam – a Story of Development, Opportunities and Potential” in London on October 2. (Photo: VNA) London (VNA) – The Vietnam-UK Network hosted a panel discussion and networking event named “Vietnam – a Story of Development, Opportunities and Potential” in London on October 2. Themed “Supporting Women in Business and Promoting Trade and Investment,” the event brought together a broad audience of both male and female professionals from all sectors, including trade, finance, entrepreneurs, start-ups, technology, media, arts, healthcare, education, governmental agencies, NGOs and think tanks from Vietnam and the UK. The event allowed the audience to learn more about Vietnam, its journey in the past three decades, culture, social development, opportunities, challenges and potentials, while providing a platform for entrepreneurs from the two countries to … [Read more...] about Vietnam’s economic growth, potential discussed in UK
Nguyễn Văn Mão, the young businessman who loves to make flutes. — Photo tiin.vn The name Nguyễn Văn Mão, or Mão Mèo (Cat), is quite well known in the national start-up community. Harbouring a passion for bamboo flutes since he was a senior at college in 2012, Mão now earns VNĐ25–30 million (US$1,000–1,300) per month from selling his instruments. In 2013 he opened his first shop selling mostly bamboo flutes and other musical instruments. Four years later he had 23 stores all over the nation, with total revenue of over VNĐ2 billion ($85,700). However, Mão would rather be better known for his bamboo straw business. The 32-years-old from Nghệ An Province is the owner and founder of three bamboo straw plants, one in Hà Nội (which also produces bamboo flutes), one in Đồng Nai and one in the process … [Read more...] about From flutes to straws
Photo: oivietnam.com The watch market is seen to have significant potential in Vietnam as some local retailers have expanded their product categories to boost growth and foreign rivals from China are also finding opportunities to penetrate into the market. New segment, new growth Vietnamese jewelry retailer PNJ recently announced the opening of the 22nd PNJ Watch store, joining others in Hanoi, Ho Chi Minh City, and Binh Duong province. The retailer has piloted watch projects during the five past years and has now officially penetrated into the VND17 trillion ($733 million) market. “After a period of observing the market, we recognized it has substantial potential,” a representative from PNJ toldVET. “The market is currently in turmoil, with many watches lacking clear origin or being non-genuine products brought into the country by hand. With the prestigious and long-standing brand of PNJ, we are helping consumers buy fashionable, genuine watches with … [Read more...] about Watch market showing great potential