Vietnamese consumers have been duped into buying mobile devices of famous brands at attractive prices by a telesales company, only to eventually have copycats or knockoffs delivered to their door. Vietnamese consumers have been duped into buying mobile devices of famous brands at attractive prices by a telesales company, only to eventually have copycats or knockoffs delivered to their door. The consumer rights protection agency under the Vietnam Competition Authority (VCA) said it had recently been flooded with complaints from victims of the deception, all of whom had agreed to buy the products after listening to the honeyed words of the company’s telesales people. The most common method is to provide consumers with misleading information regarding the name of the company and the products themselves, and to insist that delivery be made via post using cash-on-delivery (COD). The fraudulent company also requests that the COD parcels only be opened once payment is cleared. This … [Read more...] about Vietnam firm sells iPad by phone, delivers iPed
VietNamNet Bridge - The HCM City People's Committee now works with competent agencies on the initiative to allow the Vietnam Waste Solution (VWS) to import waste to be recycled at the company's $10 million factory. The factory, developed by VWS over the last three years, reportedly needs thousands of tons of rubbish every day to generate power. VWS's General Director David Duong said since the city has been slow in implementing the waste classification program, the compose factory and the recycling factories have been left idle since 2011 because of the lack of materials. Therefore, he has proposed to allow VWS to import waste to ensure sufficient materials for the factories. According to Tin, Vietnam now prohibits enterprises and organizations to import materials for recycling, while this is a very popular thing permitted in other countries. In 2011, VWS once asked for the permission to import 10,000 tons of waste for domestic recycling to run the factories on a trial basis. … [Read more...] about Vietnam may allow importing waste for recycling
The merger of three commercial joint stock banks in Ho Chi Minh City has consolidated consumer trust in the domestic finance-monetary system. First banking amalgamation in HCM City For a safe and highly competitive banking system Those involved include De Nhat Commercial JS Bank, Vietnam Tin Nghia Bank and Sai Gon Bank. The Bank for Investment and Development of Vietnam (BIDV) will be the official representative for State capital in the new enterprise. This has been the first domestic merger since the central bank announced its overhaul plan last month, aimed at restructuring the domestic banking system. Vietnam, Cambodia foster relationship Party leader Trong ends Cambodia visit Party chief active in Cambodia Mr. Trong had high-level talks with King Norodom Sihamoni and met with other top Cambodian leaders. The General Secretary spoke highly of the great and comprehensive achievements made by the Cambodian people under the rule of the King and praised the … [Read more...] about Weekly review: Hot finance-banking issues in Vietnam and abroad
Vietnam and Africa will hold a joint seminar entitled “Vietnam-Africa: Cooperation for Sustainable Development” from August 17-19 to review bilateral cooperation and work out the most effective model for cooperation. Ly Quoc Hung, General Director of the West Asian and African Department under the Ministry of Industry and Trade, said the state has adopted a national action plan to promote cooperation with Africa in the 2004-2010 period, under which many legal and financial tools to encourage investment in Africa will be enacted soon. He listed 10 fields including agriculture, trade, energy, and labour, in which Vietnam and Africa can cooperate well. Despite its wealth of natural resources, Africa has an undeveloped industrial sector which offers opportunities for Vietnam to strengthen cooperation and expand its business interests in the continent, said Hung, adding that Africa’s trust in and admiration for Vietnam are additional advantages for Vietnamese … [Read more...] about Vietnam to promote industrial cooperation with Africa
Cruise tourism is expected to play a very important role in the long term tourism development strategy in 2020-2030. However, Government agencies and travel firms have been urged to take actions right now to prepare for the strategy. Cruise tourism’s great potentials still untapped It’s necessary to create specific products According to Nguyen Thanh Binh, representative of the Tan Hong Travel Firm, cruise tourists are mostly rich elderly people who always demand high quality services. However, Vietnamese in-land services are not as good as on-board services, therefore, it is very difficult to attract tourists. In general, as for within-the-day tours, tourists regularly choose the tours to Hanoi (The Ho Chi Minh Museum, ancient streets) or to Ha Long Bay (visiting the bay or kayaking). As for the tours to the central region, the most favored tours are the ones to Da Nang, Hue and Hoi An. The travelers who want to visit the south would choose Ba Ria-Vung Tau or HCM … [Read more...] about What way for Vietnam’s cruise tourism?