Didi Chuxing’s joining the Vietnamese market raises questions about how the shared investor Tencent would affect the market, with many raising the example of Softbank’s remarkable impact on Uber and Grab. Tencent's interest in Didi Chuxing and Go-Jek may belie ambitions to harmonise the market China-based ride-hailing player Didi Chuxing is waiting for the Vietnamese government’s approval to start operations in the country, according to newswire Dantri. Nguyen Xuan Thuy, deputy director of the Transport Department under the Ministry of Transport (MoT), told Dantri that Didi Chuxing submitted the dossiers to MoT, however, the ministry has yet to consider this proposal because it is not a suitable time for Didi Chuxing to enter Vietnam. At the same time, motorcycle ride-hailing transportation provider Go-Jek from Indonesia has gathered a team of experts to advise its expansion in Vietnam to break the dominance of Grab. In reality, both Didi Chuxing and Go-Jek … [Read more...] about Tencent interest to rearrange ride hailing market?
Europe market futures
Matthias Rebellius CEO, Siemens Building Technologies According to PR Newswire, the country’s construction industry is expected to expand in real terms over the forecast period (2017-2021), due to investments in transport infrastructure, energy and utilities, and affordable housing projects. Additionally, government investment in public infrastructure and education and healthcare buildings as part of the 2016–2020 Development Plan will support this growth. This positive outlook reinforces the confidence of foreign companies that are doing business in Vietnam, such as Siemens. A global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability, and internationality for 170 years, Siemens AG is active around the globe, focusing on the areas of electrification, automation, and digitalisation. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens has been a part of Vietnam’s economic … [Read more...] about Siemens is keen to build for the future
CBRE has gone from strength to strength in Vietnam, earning it a reliable reputation 2018 is an important milestone for CBRE, marking 15 years in Vietnam’s real estate market. This significant achievement not only reflects the development of Vietnam’s real estate market itself, but is also an affirmation of the firm’s position in the market. Effective and positive business According to CBRE Vietnam’s managing director Hang Dang, the firm has witnessed the ups and downs of the market over the past 15 years. However, the company has accomplished great success with a steady growth rate, based on the professional expert team, outstanding resources, and spot-on analyses from not only Vietnam but around the world. CBRE currently features a full-service brokerage team in all areas of residential, office, retail and industrial real estate. With many years of experience in the field of brokerage recognised by a series of awards in the country and internationally, CBRE … [Read more...] about Realty giant hits landmark of 15 years in local market
Boeing 787-9 Dreamliner aircraft of national flag carrier Vietnam Airlines arrived at Domodedovo airport in Moscow, Russia, on March 27 (local time) Speaking at the welcome ceremony, Chief Representative of Vietnam Airlines in Russia Le Thanh Dung said the airline is striving to meet demand of passengers in Russia, adding that the airlines will operate new routes linking Vietnam and Russia in the future. Meanwhile, Vietnamese Ambassador to Russia Ngo Duc Manh congratulated Vietnam Airlines on using Boeing 787-9 Dreamliner for the Hanoi-Moscow air route, contributing to the enhancement of the partnership between Vietnam and Russia, especially in tourism and people-to-people exchanges. Boeing 787-9 Dreamliner can carry up to 311 passengers and saves 20 percent of fuel compared to previous generations of aircraft. Vietnam Airlines was recognized as a 4-star airline for two consecutive years in 2016 and 2017 by the international air transport rating organization Skytrax. It targets … [Read more...] about Vietnam Airlines marks new step in Russian market
Viet Nam’s woodworking industry can expand exports but to expand market share and increase value, it needs to keep pace with market trends and capitalise on opportunities, experts have said. Helmut Max Merkel, editor-in-chief of Mobelmarkt (International Interior Business Magazine) and general manger of CRP Consulting Nuremberg, Germany, said the German furniture market is “big but difficult.” “Germans love to buy furniture.” German consumers were not directly affected by the European crisis, and the country’s low jobless rate makes its climate conducive for private consumption, he told the Global Wood Products Market Development seminar in HCM City on Wednesday. “German love to live in a cosy environment. So the per capita consumption of furniture is higher than in other countries.” There was an increase demand for furniture products made from natural materials, multifunctional furniture at reasonable prices, he said. In the past, … [Read more...] about VN wood firms eye int’l market