GrabFood expansion: Risky or wise? First of all, it is obvious that the on-demand food delivery market in Vietnam has great potential. According to Euromonitor, the Vietnamese market has a growth rate of 11 per cent per year, and is expected to be worth $38 million by 2020. Besides some big players with a firm position in the market such as Foody, Now.vn, and Vietnammm, users also witnessed some well-known brands withdrawing from the food delivery market due to the huge competitive pressure such as Foodpanda or Lala. This proved that the food delivery market is not an easy market to operate in. As a newcomer among its rivals, GrabFood proved its strength with remarkable milestones on the journey to expand its domestic operation. After the impressive success in Ho Chi Minh City, Hanoi, and Danang, it continued to launch, at the same time, in 12 new provinces and cities, bringing the total number of locations where GrabFood is present up to 15 cities and provinces and becoming the … [Read more...] about GrabFood expands to 12 new cities and provinces: Risky or wise?
New city investment managers
At a workshop on HCMC planning, Mr. Tuyen pointed out weaknesses in three phases including plan building, management and implementation organization. Currently, the Government considers plan adjustments every five years. If plan quality is good as in European nations, it will be no need to change up to a decade. In the upcoming time, HCMC will improve its planning quality to suit common development and extend adjustment period to ten years instead of five years as present. Mr. Tuyen said that HCMC would be able to do that because it has already had necessary tools. The city might get assistance from international consultants. Talking about development targets, Mr. Tuyen said that HCMC will continue developing Thu Thiem new urban area, settle relevant problems and make the area to be an international financial hub. HCMC now invites policy consultancy experts in attracting international financial sources. The municipal authorities are intended to develop smart cities in Districts 12 and … [Read more...] about HCMC faces challenges from planning weaknesses: city vice chairman
Phu Tho efforts to mobilize resources to invest in infrastructure have paid off (Source: phutho.gov.vn) Phu Tho (VNA) – The efforts of Phu Tho province to mobilize all resources to invest in infrastructure have paid off, with the flow of both domestic and foreign investment in the northern mountainous province increasing remarkably. In the past, many investors came to Phu Tho with the intention of doing business, but they were deterred by the poor transport and industrial infrastructure. Aware of the problem, the province has tried a new approach which is to mobilize funding from other sources rather than from the limited local budget and falling public investment to build infrastructure. During just nearly three years, Phu Tho has mobilized nearly 27.8 trillion VND (nearly 1.2 billion USD) for 94 projects, which brought about striking changes in the local transport and urban infrastructure. Some remarkable examples are the Viet Tri – Ba Vi (Van Lang) Bridge … [Read more...] about Investment in infrastructure helps Phu Tho attract investors
Gross capital formation in the last three years in the Mekong Delta city of Can Tho was VND157 trillion (US$6.82 billion).– Photo enternews.vn Gross capital formation in the last three years in the Mekong Delta city of Can Tho was VND157 trillion (US$6.82 billion). Public investments accounted for VND56.6 trillion ($2.46 billion), private capital for VND 96.1 trillion ($4.2 billion) and foreign money for the remaining VND4.1 trillion ($178 million). “These have contributed to sustaining the economic growth of the city at 7.56 per cent each year,” Nguyen Van Hong, director of the city’s Department of Planning and Investment, told Viet Nam News Agency. By the end of this year the city’s economy is expected to be 1.4 times the size it was in 2015, with a per capita income of VND80.5 million ($3,500). The poverty rate has dropped from 5.12 per cent in 2015 to 1.55 per cent now. All this has been possible due to proper investment in education, healthcare, … [Read more...] about Investment in infrastructure, socio-economy pays dividends for Can Tho
In Tokyo, PM Phuc met with Japanese property firms showing interest in expanding presence in Vietnam, photo VNA Nine co-operation deals inked during the visit - Diplomatic note of exchange on non-refundable aid to enhance the capacity of Vietnam’s Reference Testing and Agrifood Quality Consultancy Centre, in order to ensure the food safety of agro-forestry-fishery products - Memorandum of understanding (MoU) on co-operation in maritime policy between Vietnam’s Ministry of Natural Resources and Environment and Japan’s Cabinet Office - MoU on collaboration in trade and industry between Vietnam’s Ministry of Industry and Trade (MoIT) and Japan’s Wakayama prefecture - Firefighting accord between Vietnam’s Ministry of Public Security and Japan’s Ministry of Internal Affairs and Communications - Agreement between Vietnam’s Ministry of Education and Training (MoET), Japan’s National Police Agency and ministries of justice, foreign … [Read more...] about Boom period for Japan investment