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HCM City (VNS/VNA) - The top 10 most valuable brands in Vietnam 2020 are worth 8.1 billion USD, increasing by 17 percent from last year and accounting for 30 percent of the list’s total value, according to Forbes Vietnam magazine. Forbes has announced the list of top 50 brands this year with total value rising by 22 percent to more than 12.6 billion USD. Military-run telecom giant Viettel tops the list with a brand value of over 2.9 billion USD, followed by Vinamilk, the country’s biggest dairy company, at more than 2.4 billion USD. Telecom giant VNPT is in third place at 509 million USD. The rest of the top 10 are brewer Sabeco, real estate corporation Vinhomes, telecom MobiFone, food group Masan Consumer, State-owned Vietcombank, IT giant FPT, and mall operator Vincom Retail. The ranking was classified by industry. Most of the companies have operating time of more than 10 years. The food and beverage and financial services industries continue to dominate … [Read more...] about Top 10 most valuable brands worth 8.1 billion USD

The ranking is based on various factors, from the number of technical graduates in total population, the number of employees and providers in business process outsourcing and information technology outsourcing, to real estate and bandwidth cost, airport connectivity, digital cyber security, corruption index and digital investments. … [Read more...] about Vietnam a top 10 digital nation

Under Indonesia’s rules, non-resident foreign firms which sell digital products and services in Indonesia worth at least 600 million rupiah ($41,039.67) a year or which generate yearly traffic from at least 12,000 users will be required to pay the 10% VAT. … [Read more...] about Indonesia imposes 10% VAT on Facebook, Disney, Tiktok: tax office

 ĐÀ NẴNG — The Central Retail Group in Việt Nam on August 6 handed over 10 tonnes of fruits and vegetables to units in the central city of Đà Nẵng as part of its support in the local fight against the COVID-19 pandemic. … [Read more...] about Central Retail donates 10 tonnes of fruits, vegetables to support COVID-19 fight in Đà Nẵng

HCM City (VNS/VNA) - Despite the difficulties posed by the COVID-19 pandemic, Vietnam’s cashew exports in the first half of the year increased by 16 percent in volume year-on-year and 1 percent in value to 232,000 tonnes and nearly 1.53 billion USD, according to the Vietnam Cashew Association (VINACAS). The US, EU and China had been the biggest markets. Exports to the US increased by nearly 10 percent in terms of value and accounted for 32 percent of the total. Exports to China fell by nearly 44 percent and accounted for 8 percent. Average prices were 14 percent down. According to experts, due to falling prices, some customers sought to renegotiate them and also demanded more in terms of quality and traceability. This year too domestic prices were higher than export prices at some certain times, causing difficulties for businesses, they said. Exports remained good in the first half, but the rest of the year is a big question since cashew is not an essential or … [Read more...] about Cashew nut exports up 1 percent in H1