Vietnamese cities are already brimming with regional brands from Singapore, South Korea, and Taiwan Photo: Le Toan Ted Tan, deputy chief executive of Enterprise Singapore, a statutory board under the Ministry of Trade and Industry in Singapore, told VIR that franchising and licensing are one of easier ways for foreign brands to make an entrance into new markets. At present, many Singaporean companies are looking for franchising opportunities in Vietnam. For example, Tung Lok Group, Singapore's leading restaurant group has recently started a licensing agreement in the country. “Singapore has a small domestic market so most companies expand globally and regionally,” said Tan. “Singapore has many good concepts for franchises overseas such as BreadTalk. The chain is successful in bringing its concept to Vietnam and around the region.” Many Singaporean food and beverage (F&B) players have entered the Vietnamese market through the franchising route like … [Read more...] about Potential for regional names
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Business has transformed in Vietnam over the years. The conversation technology providers like us have with enterprises is wholly different now. A few years back, we had to address a lot of fear and doubt, which is very normal to any new business adopting technology. The big questions we had to answer were “Why cloud?”, “What are the benefits of the cloud?”, “How security on the cloud is run?”, and “What are the latencies?” Now it is all about “How?” because they now see evidence for the gains in digital business in the industry leaders who have adopted with great success. The conversation has turned from “Why do I need the cloud?” into “What is the best way to adopt technology?” – and that is only with traditional businesses, there is not even a conversation with digital native businesses because most of them were already born in the cloud. Similar to most markets in the ASEAN, we see tremendous … [Read more...] about Dare to learn with AWS to succeed in digital age
Hanoi Tax Department has publicly named 331 firms who owning taxes and land rental fees valued at VND2.48trn (USD107m). 12 firms own over VND546bn (USD23.60m) in taxes, of which Lilama Hanoi owns VND111bn and Mecomic JSC owns VND60bn. 16 firms own nearly VND1.30trn (USD56.25m) in land rental fees. Lung Do 5 Development and Investment JSC leads the list with VND342bn, followed by Hoang Ha Construction JSC with VND158bn and CT Vietnam International JSC with VND122bn. Lilama Hanoi also owns VND67bn in land rental fees. The authorities have applied various measures including withdrawing the fees from the companies' accounts but have still been unable to recover the tax arrears. Since early 2018, Hanoi Tax Department has publicly named 690 companies that still owe tax arrears. As of now, 198 companies have paid nearly VND47.60bn (USD2m) of the VND1.47trn. The department has warned the firms to pay their taxes before stricter measures are applied. … [Read more...] about Hanoi shames over 300 tax defaulters
VSIP is one of the projects co-developed by Becamex IDC Empty promises According to Tienphong.vn, numerous people complained that Becamex IDC is delaying handing over the land use right certificates of apartments at the My Phuoc 4 urban area project to customers. Notably, according to a customer, in 2012 Becamex IDC put on sale apartments in My Phuoc 4 urban area project. At the time, the investor affirmed that after customers paid off the apartment price according to the contract, Becamex IDC would hand over the land use right certificate. However, nearly six years since then, the firm has yet to do good on its promise. Along with the money spent on buying the apartments in the projects, customers also wasted massive amounts of money on transportation between cities to deal with the conflict. The firm has yet to show the slightest intention to co-operate with customers to resolve the incident. Notably, numerous customers arrived to Becamex IDC’s office to meet the Board of … [Read more...] about Becamex IDC defaulting on contractual obligations?
The 2018 Summit of Amazon Website Services (AWS), the world’s most comprehensive and broadly adopted cloud platform, opened in Singapore yesterday, attracting hundreds of customers and partners, including interested Vietnamese businesses. The 2018 AWS Summit attracted hundreds of partners and customers On the occasion, FPT Vietnam was recognised as the first ASEAN-based premier partner for its key role in helping customers drive innovation and build solutions on the AWS Cloud. “With the award, FPT Software and AWS will enter deeper relations, enabling us to approach more influential groups as well as important projects globally, thus contributing to reaching our $1-billion revenue target by 2020,” Nguyen Thi Dan Phuong, chief marketing officer of FPT Software, told VIR. FPT’s major markets are Vietnam, Japan, Australia, Singapore, Malaysia, and Indonesia. Also, during the annual AWS Partner Summit and on the eve of the AWS ASEAN Summit, the AWS Partner … [Read more...] about FPT Vietnam recognised as first premier partner of AWS in ASEAN