Drinking tea has become a cultural practice in people’s lives, with a variety of products being consumed such as packaged tea, fruit tea, and milk tea. System expansion Vietnam's tea market is valued at US$3.1 billion in 2022 and is expected to reach approximate $3.7 billion by 2025, according to Statista statistics. A separate report on the milk tea market by Momentum Works and qlub showed that Vietnam is the third largest milk tea consuming market in Southeast Asia, with a scale of $362 million. Milk tea is inherently an easy product to copy while Vietnam is a price-sensitive market. However, a research by Momentum Works emphasized that price is not the only factor influencing customers' decision to buy a drink. Instead, that choice depends on the types of products offered in stores and the brand coverage. Established in 1968, Phuc Long is a tea and coffee brand that is popular with young people and distinguished by drinks that combine bold and typical flavors with a … [Read more...] about What makes Phuc Long a phenomenon in Vietnam?
Acura year end sales event
The Zoho One’s integrated software ecosystem. Zoho One reached growth of 6 per cent in the Vietnamese market. — Photo Courtesy of Zoho Corporation Viet Nam is considered an important market for technology firm Zoho Corporation because of the potential for existing technology here, affirmed Zoho. Gibu Mathew, vice president and general manager at Zoho APAC, affirmed that Zoho will increase its investment in the Vietnamese market’s technology sector in the upcoming years. Zoho also announced that in Viet Nam volume of users using its platform, Zoho One, reached growth of 6 per cent over six years ago. Launched in 2017, Zoho One is an operating system for business. The platform is comprised of 45 unified applications along with end-to-end services including AI, business intelligence, contextual communication, and unified search, allowing businesses to run every aspect of their organisation from sales and marketing to finance, HR and analytics. "Siloed systems cause business … [Read more...] about Viet Nam remains key market of Zoho
The 2022 “Ho Do" International Music Festival and the 2nd HCMC Hot Air Balloon Festival took place at Nguyen Hue Pedestrian Street in District 1 and Thu Thiem 2 Tunnel Park in Thu Duc City respectively from December 8 -11. Attending the opening ceremony of the second HCMC Hot Air Balloon Festival was Chairwoman of the Vietnam Fatherland Front of HCMC Tran Kim Yen and Secretary of the Party Committee of Thu Duc City Nguyen Huu Hiep. Delegates attend the opening ceremony of the second HCMC Hot Air Balloon Festival 2022. Speaking at the event, deputy Director of the municipal Tourism Department Le Truong Hien Hoa said that next to cultural, sport and tourism events that are organized within the framework of the 2nd HCMC Tourism Week 2022, such as the 5th Techcombank HCMC International Marathon, a space of creative culture at the Thu Ngu flagpole - a 156-year-old relic of the city, 2022 “Ho Do" International Music Festival, the second HCMC Hot Air Balloon Festival is expected … [Read more...] about Second HCMC Hot Air Balloon Festival opens
Ambassador Dang Hoang Giang, Head of the Permanent Delegation of Vietnam to the United Nations (centre) at the event. (Photo: VNA) Hanoi (VNA ) - Vietnam, in coordination with Greece, Egypt and Senegal, on December 8 hosted a workshop on achievements and challenges since the adoption of the 1982 United Nations Convention on the Law of the Sea (UNCLOS) 40 years ago. sea level rise and the relationship between UNCLOS and Sustainable Development Goal 14, which is to conserve and sustainably use the oceans, seas and marine resources for sustainable development . sea . Prof. Nguyen Hong Thao, a member of the UN’s International Law Commission, spoke about the integrity of the 1982 UNCLOS in the face of "unforeseeable" issues when the convention was born, including sea level rise. According to the professor, it can be seen in reality that all countries seek to handle many of the ocean issues within the current legal framework provided for by UNCLOS , instead of … [Read more...] about Vietnam co-hosts seminar on UNCLOS’s outcomes
Illustrative photo (Source: VNA) HCM City (VNS/VNA) - Vietnam and the Eu ropean Union (EU) should work together to accelerate the transition towards “a carbon-neutral, resource-efficient and circular economy ” to tackle climate change, the European Commissioner for the Environment, Oceans and Fisheries has said. Speaking at the recent Green Economy Forum & Exhibition, Virginijus Sinkevičius said: “We need global action – at all levels and within this decade – for a world that is climate-neutral, nature-positive and resilient. “We need to pick up the pace. Time is running out. Today is a great opportunity for direct engagement among EU and Vietnamese stakeholders on the green transition agenda,” he said. The EU is aware of the need for global change as no one country can advance a sustainability agenda on its own, he said. The EU and Vietnam are already key partners with the latter emerging as one of the former’s main partners in Southeast Asia, he said. … [Read more...] about EU, Vietnam urged to expand cooperation in tackling climate change