Zara supply chain strategy

Developing value chains A report by the Hanoi Department of Agriculture and Rural Development showed that the city is implementing 133 hi-tech agricultural models. Despite their modest scale, they have yielded high economic efficiency. Among these models are Hoa Vien farm in Thach That District, Dan Hoai Cooperative’s orchid planting model in Dan Phuong District, and high tech fish farming models in Ung Hoa and Chuong My districts. In addition, the Hanoi People’s Committee is focusing on developing supply chains of safe agricultural products in the city by approving a number of projects such as the “Production and supply chains of animal feed products to ensure food hygiene in Hanoi in the 2016-2020 period”; and a project on high quality rice production. So far, the capital has created and maintained 135 supply chains, including 56 for safe meat products and 79 for other kinds of food products. The supply chains have attracted the participation of a large … [Read more...] about Hanoi developing supply chains of safe agricultural produce

At the Korea ICT Day 2018, the Fintech Centre Korea signed memoranda of understanding with four Vietnamese institutions. — Photo vtv.vnViet Nam News HÀ NỘI — Fintech is gaining popularity around the world as Southeast Asia, including Việt Nam, becomes a target for fintech’s global expansion. On the cusp of the Fourth Industrial Revolution, with the rapid development of Blockchain technology, Artificial Intelligence (AI), the Internet of Things and Big Data, financial technology (fintech) has created a groundbreaking change in the financial industry, introducing a whole new shopping experience to consumers. Fintech has evolved into a global wave. Many fintech companies have developed new business models and new products, bringing greater access to financial services. The global fintech sector raised US$57.9 billion in the first half of 2018, surpassing last year’s record number. Investment in fintech companies in Asia hit $16.8 billion, only … [Read more...] about Fintech the key to a modern digital banking strategy

Duc Hoang The most potent weapon of a consumer is to stop consuming. How do we then answer the question: "If we don't use their water, who else will provide it to us?" My family was among those troubled recently over the fact that our son's school was located just one kilometer from the burnt Rang Dong light bulb warehouse (that leaked 15-27 kilos of mercury into the air). Now we've got a new one: polluted tap water and the difficulty in getting bottled water. Since my family and I are not the only ones severely affected by this, since there are millions of us, one would expect the company responsible for the crisis to be hit hard by it too. However, the stocks of Song Da Water Investment Joint Stock Company (code: VCW) on the Unlisted Public Company Market (UPCoM) still went up on Tuesday. There was no chain reaction following a public crisis like what one would see in a movie, where a negative news about a company spreads and causes its stock to spiral … [Read more...] about How can Vietnamese people manage a water supply monopoly?

  A container is loaded at Chu Lai Port in Quảng Nam Province. Việt Nam lacks a well-connected logistics network which can boost agricultural product trade and export. — VNA/VNS Photo Danh Lam HÀ NỘI — Despite being considered as the driving force of Việt Nam’s economic growth, agriculture has been held back by an incomplete logistics system which fails to ensure quality and connect farms with markets, according to Ministry of Agriculture and Rural Development (MARD). Việt Nam has recently opened its doors for agricultural products to be exported to the international markets, yet struggled to win over customers and couldn’t compete with products from other countries in terms of quality and price due to drawbacks of the existing logistics system. Most small- and medium-sized enterprises fail to afford the cost of logistics services.   According to Việt Nam Association of Logistics Services … [Read more...] about Poor logistics system hindering Việt Nam agricultural products’ trade

Private enterprises are looking to switch to greener alternatives in increasing numbers, Photo: Le Toan Albert T. Lieberg, representative of the Food and Agriculture Organization of the United Nations (FAO) in Vietnam, said that Vietnam is among the top five countries responsible for the estimated 13 million tonnes of plastic dumped into oceans every year. In Vietnam, single-use plastics are widespread and waste management capacity is limited. Both factors have taken their toll on the environment, and led to a decline in public health. “It is estimated that 1.8 million tonnes of plastic waste is generated in Vietnam every year, and plastic consumption is increasing 16-18 per cent annually,” said Lieberg at a recent Ho Chi Minh City conference on the issue. “Meanwhile, waste management and recycling facilities, and relevant policies are not in place to sufficiently respond to increasing needs. One major concern is a lack of a system for waste segregation at … [Read more...] about Public-private interplay to cut plastics