Sendo, for the first time, was listed as one of the four most visited ecommerce platforms in the second quarter of 2019, according to data from iPrice Insights’ map of ecommerce. A customer selects clothing products offered on the Sendo ecommerce platform. Sendo ranked fourth among Vietnam’s top four ecommerce players by web traffic in 2019’s second quarter Sendo’s monthly website traffic rose 10% from 25.3 million in the first quarter to 28 million visits in the second quarter, not too far off from the third-ranked contender Lazada, with more than 28.3 million visits per month on average. Sendo’s efforts to deploy technology and improve delivery services were responsible for the impressive advance. Among the top five ecommerce platforms - Shopee, Tiki, Lazada, Sendo, and The Gioi Di Dong -in the quarter, Sendo was the only player to see its web traffic grow, iPrice noted in the release. As the two best performers, Shopee and Tiki continued … [Read more...] about Vietnam’s top five e-commerce platforms in Q2 announced: iPrice
La Ngoc Khue, former Deputy Minister of Transport, said that a slower train is a far better option for the country at present, instead of the superfast train that comes with a very heavy budget burden. Khue said that a train speed of 350 kilometers per hour (kph) as proposed by the Ministry of Transport (MoT) is redundant. "As the TEDI-TRICC-TEDISOUTH consultancy consortium has estimated, actual demand in 2050 would only meet 40 percent of its capacity of 364,000 people a day. This means 60 percent of seats will not be occupied, while no cargo will be transported, a huge waste of capacity," he told VnExpress. Railways should have the capacity to transport cargo. The World Bank has noted that Vietnam’s logistics cost accounts for 21 percent of its GDP, twice that of Thailand. The main reason is that Vietnam is far too dependent on roads while existing railway routes carry a small fraction of the total volume, Khue noted. "Both China and Japan own the world’s … [Read more...] about A 350 kph train is fast, but where will it get Vietnam?
The export of timber and wood products has exceeded the US$9 billion mark for the first time during the first 11 months of the year, according statistics released by the General Department of Vietnam Customs. Moreover, the export of timber wood and wood products enjoyed a surge of 18.1 per cent during the review period to more than US$9.526 billion against the same period last year. Most notably, wood exports hit approximately US$7 billion, up 22.2 per cent on year. After recording these impressive figures, the export of timber and wood products has surpassed US$9 billion for the first time and beaten the record figure of US$ 8.907 billion which was recorded in 2018. With export value reaching over US$900 million per month, the export of wood and wood products are expected to surpass the US$10 billion mark by the end of 2019 for the very first time. Vietnam boosts fight against illegal timber products Accountability will be key for all importers and all wood … [Read more...] about Vietnam’s export of timber and wood products exceeds US$9 billion
The airlines are focusing on developing fleets with narrow-body aircraft to increase efficiency in the context of fierce competition. The aviation growth rate is expected to be 5.3 percent per annum on average, instead of the high growth rates of 16-23 percent seen in 2013-2016. Vietnam Airlines has completed a study to assess the efficiency of regional jets which would be used to replace ATRs for some short-distance flights, in the context of small market capacity and domestic airports. It is expected that the airline will have 6-20 aircraft of this kind. Thanh Lich Noi Bai Airport investigates aircraft tyre scratches Many planes have recently had their tyres damaged after landing at the Noi Bai Airport. Decree sets age limit for imported used aircraft The age of second-hand aircraft imported into Vietnam is among new regulations in the Government’s Decree 89/2019/ND-CP. … [Read more...] about Vietnam’s airlines to buy more aircraft to expand fleets
Mergers and Acquisitions (M&A) Vietnam Forum 2015 organising board announced at a July 16 press conference that the event is scheduled to take place on August 6. This year’s forum is expected to attract hundreds of local and international speakers from the M&A field, as well as nearly 3,000 foreign and domestic business leaders. In his speech, Dr. Nguyen Anh Tuan, Editor in Chief of the Investment Newspaper, who is also the head of the organizing board highlighted M & A activities as an attractive investment channel have and an important tool supporting businesses and restructuring the economy in a healthy and effective manner, thus improving the competitiveness of the national economy and businesses. In a letter of congratulation sent to the forum, Minister of Planning and Investment Bui Quang Vinh said the event has been previously successful for six consecutive years, adding that this year’s forum will create a open dialogue for … [Read more...] about Hanoi to host M&A Vietnam Forum 2015