At 10pm on November 15, the Datamart system was still congested due to overwhelming traffic. And Bui Hai Nam's phone was ringing incessantly. Many called to congratulate him for winning the 2018 Startup Viet competition five hours ago; some called to make cooperation and investment proposals. The contest had panned out beyond Nam's expectations. But, said the founder and CEO of Datamart: "I'm starting to feel anxious about how we can go further and meet rising customer expectations." Datamart was founded in 2016 with capital contributed by five co-founders. Its vision was to be the data infrastructure and analytics solutions provider of choice for retail partners. Nam and his partners were agreed that they would launch software products to test the market response, with the understanding that mistaken views and mistakes are often unavoidable in a startup. Over the past year, Powersell software, which includes nearly 100 properties developed by Datamart, has helped … [Read more...] about Surviving in a volatile market is success, says startup champ
What is perfect vision
Enterprise Rent-A-Car to enter Vietnamese market The US’s biggest car rental company, Enterprise Rent-A-Car, will officially offer its services in Viet Nam starting on November 29. The company’s website enterprise.vn is now opening for rental services, with vehicles of five to 29 seats. The prices range from VND800,000 (US$34.19) a day for a Suzuki Vitara to VND2.6 million per day for a Samco bus. Enterprise’s car rental services in Viet Nam (and Asia) are licensed to MP Executives – a subsidiary of MP Group – which has more than 23 years of experience in the logistics industry in Viet Nam. Viet Nam is the first country in Asia to use Enterprise’s car rental service. In addition to providing services in the US, Enterprise is available in 84 other countries. Vingroup opens three technology firms Vingroup’s goal in the next 10 years is to become a world-class technology-industry-service corporation in which technology plays a major role. — … [Read more...] about BUSINESS NEWS IN BRIEF 27/11
It has been 30 years since Viet Nam promulgated the Law on Foreign Investment on December 29, 1987. This was an important milestone that made it possible for Viet Nam to open up its economy and integrate with the world. Many global leading companies have entered Viet Nam, such as Coca-cola, Intel, Canon, Samsung, Toyota, FedEx and others. More importantly, most of these corporations are looking to expand business here in the long run. A World Bank expert and representatives from foreign direct investment (FDI) enterprises, including Coca-cola and Canon, have made comments on the country’s 30 years of progress in attracting FDI Sebastian Eckardt, World Bank Sebastian Eckardt, World Bank’s Lead Economist for Viet Nam Viet Nam has been quite successful in attracting FDI ever since the country opened up to foreign investment. If we look at the impact, we can say that FDI has really contributed in various ways, including industrialisation, where a lot of investment went into … [Read more...] about After 30 years, FDI still pays dividends for VN
The Lake has become a cultural hub for Co Tuong, or Chinese chess, a mental sport activity that attracts people from all walks of life. Each chessboard is required to have 32 pieces, with 16 red pieces and 16 black pieces. Either the red or the black side includes seven types of pieces, each of which has its own value and move. “No one ever remembers when Co Tuong appeared here,” says 68 year old Le Huu Do, a pensioner living on Phan Chu Trinh Street. “I only know that in the 1980s, every afternoon a number of people started gathering here playing chess,” Do pauses for a sip of hot tea while his eyes remain glued to the old wooden chessboard. “Later on, the number of players increased, so the number of chessboards also increased,” continues another pensioner Pham Gia Man sitting by Do. To my eyes, four consecutive chessboards are put in a line by the lake. Man says that normally, in the mornings or afternoons of weekends, some 25-30 chessboards can … [Read more...] about Check mate!
France's President Emmanuel Macron addresses a joint meeting of Congress inside the House chamber at the US Capitol in Washington, DC. (MANDEL NGAN/AFP) The French leader's feisty speech to lawmakers was a dramatic twist near the end of a three-day visit that had showcased his warm personal relationship with Trump, despite the gulf between their visions of world affairs. The two presidents had literally embraced each other, repeatedly talking up their much-vaunted friendship during the trip, but in his speech to Congress Macron rigorously pushed back against Trump's trade, climate and non-proliferation policies. "We can build the 21st century world order based on a new breed of multilateralism, based on a more effective, accountable, and result oriented multilateralism," Macron said, defending the rules-based world order. Trump has threatened to tear up international trade deals, scorns the United Nations, accuses US allies of not pulling their weight, walked away from Paris climate … [Read more...] about France’s Macron pushes back at ‘America First’ agenda