Shopkins sets target

The gap between the rich and the poor in Vietnam has been widening. According to a report by the Ministry of Labour, Invalids and Social Affairs (MoLISA), the richest 20 per cent of the population made 9.7 times more than the poorest 20 per cent in 2014. In 2018, the income difference was 10 times. More bridges built across the country Six million Vietnamese rise above poverty line in five years Deputy Prime Minister Vuong Dinh Hue speaks at a meeting in Hanoi on Thursday to review the national target programme. — VNA/VNS Photo Duong Giang The income gap also resulted in a big gap in access to basic services, markets and employment between the rich and the poor, especially in the northern mountainous area and the Central Highlands region. Chairing a meeting in Hanoi on Thursday to review the national target programme, Deputy Prime Minister Vuong Dinh Hue said that although the country had made some progress in reducing poverty, the changes were not sustainable. Eighteen … [Read more...] about Families need more help to stay above poverty line: Deputy PM

Ben Gray, director of Capital Markets at Cushman & Wakefield Vietnam There were strong reactions to the announcement made on December 3 that Masan Group’s consumer holdings subsidiary and Vingroup’s VinCommerce and VinEco business lines are finalising legal terms for a merger, which will form the country’s largest consumer platform. This new platform is exceptional in its scale and reach in the market: 2,600 supermarkets and convenience stores in 50 cities and provinces with 14 eco-farms. This now gives Masan Group, as part of the fast-moving consumer goods ecosystem, greater reach for its products, maximising the benefit from Vingroup’s investment into the retail space. It is an excellent example of a strategic merger of two goliaths of the Vietnamese market. Both have had clear lines of sight and a robust strategy to keep ahead of the structural changes in how consumers are maturing in the market, seeking greater convenience and quality, and seeking out … [Read more...] about Foreign direct investment and mature M&A boost investor confidence

Thousands of workers at the Vissan Joint Stock Company in HCM City will receive an additional month’s salary and an additional bonus as a reward for business performance to celebrate Tết (Lunar New Year). — Photo nld.com.vnViet Nam News HCM CITY — Trade unions in HCM City are offering their labourers Tết bonuses, gifts, year-end parties and tickets for buses and trains for the upcoming Lunar New Year (Tết) holiday. At the Saigon 3 Garment Joint Stock Company, workers are busy this season but they are happy about working there. In October the company announced that employees would receive a Tết bonus equal to three months of salary. Phạm Văn Có, chairman of the Saigon 3 Garment Joint Stock Company’s trade union, said the company’s board of directors and trade union were determined to please their workers during Tết. “Their hard work throughout the year contributed to our business performance, so they … [Read more...] about City trade unions ensure happy Tết for labourers

Nguyen Thi Anh Vien, Vietnam’s top female swimmer, is set to compete in three events in the upcoming 18th FINA World Championship, which is scheduled to take place in the Republic of Korea on July 12-28. Vietnam’s top female swimmer Nguyen Thi Anh Vien Vien is one of seven Vietnamese swimmers who will compete in the event. The Can Tho native is the nation’s most successful swimmer after winning a total of 19 golds, seven silvers, and two bronze medals, in addition to breaking 11 records at the SEA Games. She also won two bronze medals at the Asian Games as well as a one silver and two bronze medals during previous FINA World Cup competitions. Tran Duc Phan, deputy director of the General Department of Sports and Physical Training, said Vien is a key member of the Vietnamese swimming team that will take part in the SEA Games. She has set a target of winning eight gold medals during the course of the tournament. At the FINA World Championship in 2017, Vien … [Read more...] about Vietnam’s top swimmer Anh Vien ready to compete at FINA World Champs

After Vietnam’s legendary Pho Thin Lo Duc proved popular among customers in Tokyo, Japan, Banh Mi Phuong Hoi An (Ms Phuong Baguette in Hoi An) recently debuted in Seoul, South Korea.  Dao Duc Loc, who designed the interior for the Bánh Mì Phượng Baguette shop in Seoul, speaks with Bui Quynh Hoa about his passion for Vietnamese cuisine and his desire to take Vietnamese specialities worldwide. Hanoians find pride in promoting Vietnamese food Vietnamese girl aspires to promote Vietnamese cuisines PASSION FOR FOOD: Dao Duc Loc, founder of the AFOOD Ltd Co. Can you tell us a bit about yourself? I’m the founder and director of the AFOOD Ltd Co, specialising in design, setup, operation and marketing in the food and beverage field in Vietnam. I love Vietnamese culture, so I decided to devote myself to promoting Vietnamese cuisine. My target is to set up new models in the field. I dream about telling stories about our … [Read more...] about Putting Vietnamese specialities on the world cuisine map