VietNamNet Bridge - Most travelers choosing homestays and short-term rentals like novelty and often change tourism destinations, and do not return to the same rental. Short-term apartment rentals have become more popular in recent years, especially at tourism sites and in big cities like Hanoi and HCMC. Analysts note that most developers are young investors. Many of them rent apartments for business. However, not all of them can profit from the business. Ha Anh, 25, in district 5, HCMC, rented an apartment in the central business district 1 in HCMC but had to stop after four months of incurring big losses. Anh said she had over 10 foreign guests in the first months, but the number of clients decreased in following months. One month, there were only two clients who booked for one night and the money she got was not enough to cover rent, electricity and water bills. Most travelers choosing homestays and short-term rentals like novelty and often change tourism destinations, … [Read more...] about Investors in short-term apartment rentals for tourists struggle to make a profit
Make money eating
Illustration by Đàm Minh TríViet Nam News HÀ NỘI – Nguyễn Thu Hương, a resident of Hà Nội’s Đống Đa district, was worried when she saw street vendors preparing food without gloves. She complained several times but was repeatedly ignored. With a strange look, one person asked, “if you are worried about food safety, why do you still eat street food?” A new Government degree mandating higher fines for food safety violations may ease Hương’s concerns. Set to take effect on October 20, the decree will set fines at up to VNĐ200 million (US$5,840) or seven times higher than the value of the goods. These rates are 3.5 times higher than those set by a 2013 decree. Food sellers found to use plant and animal products that fail to meet veterinary hygiene and quarantine inspection requirements will be fined between VNĐ20 million and 40 million ($854-1,709). Fines between … [Read more...] about Public awareness key to making food safety fines effective
Pho, the fragrant flat rice noodles soup served with beef or chicken, has given Vietnamese cuisine an iconic status. But the company making money by exporting an instant version of the soup to the US is based in Thailand. A representative of Charoen Pokphan Foods Plc (CPF) said at a recent meeting with Vietnamese businesses that the company’s Authentic Asian Chicken Pho Noodle Soup is enjoying great sales in the US. The number of restaurants that serve Vietnamese pho in the U.S. reached 8,900 in 2014 and is increasing, the CPF representative said, citing a study by the Institute for Immigration Research. Vietnamese businesses at the meeting were surprised that CPF’s factory in Thailand is able to produce 200,000 ready-to-eat pho products a day, using a workforce of just 10 workers. CPF said its factory in Thailand was powered by artificial intelligence, and the manufacturing process was completely automatic. Some production lines only require two workers operating via … [Read more...] about Thailand, not Vietnam, is exporting ‘pho’ to the U.S.
Viet Nam News By Phan Triều Hải Ever since her 32nd birthday last year, Vy had been afraid of gaining belly fat. So instead of eating cheese and drinking lots of beer before sleeping, the couple only drank two small glasses of beer at dinner. The weather in Sài Gòn encouraged beer consumption. Cao thought Sài Gòn was the best place to drink. This city had all sorts of problems: crowdedness, noise, heat, suffocation, traffic, lack of hygiene, pollution and beer was the solution that could dissolve all these issues in the fastest way. A gulp of beer enabled people to endure and relax, and made them irritable but energetic enough to do unexpected things. Beer lovers would never feel tired of Sài Gòn. Nor was there a better place for beer to show off its ability to excite, relieve stress, connect friends or accompany a solitary person. Nevertheless, Cao rarely went out to drink. He wasn’t social. Cao always wanted to be alone. His world … [Read more...] about Cold Beer
Ride-hailing firm Uber Technologies Inc has agreed to sell its Southeast Asian business to bigger regional rival Grab, the firms said on Monday, marking the U.S. company’s second retreat from an Asian market. The industry’s first big consolidation in Southeast Asia, home to about 640 million people, puts pressure on Indonesia’s Go-Jek, which is backed by Alphabet Inc’s Google and China’s Tencent Holdings Ltd. A shake-up in Asia’s fiercely competitive ride-hailing industry became likely earlier this year when Japan-based SoftBank Group Corp’s (9984.T) Vision Fund made a multi-billion dollar investment in Uber. “It was really a very independent decision by both companies,” Grab President Ming Maa told Reuters, adding that SoftBank CEO Masayoshi Son was “highly supportive”. Uber will take a 27.5 percent stake in Singapore-based Grab and Uber CEO Dara Khosrowshahi will join Grab’s board. Grab was last valued at an … [Read more...] about Uber sells Southeast Asia business to Grab after costly battle