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European firms continue to be optimistic about the business environment in Viet Nam and expect that the EU-Viet Nam Free Trade Agreement will soon come into effect – Dtinews reports.

The information was released in the European Chamber of Commerce in Viet Nam (EuroCham Viet Nam)’s latest Business Climate Index (BCI) in the second quarter of 2018.

The BCI score in the first quarter reached 78 points, one point higher than the previous one.

However, the percentage of respondents rating the business situation as excellent dropped by nearly 10%, with an increase of 7% in respondents describing the situation as good. Negative responses were at almost the same level as in the fourth quarter of 2017.

More respondents showed their confidence of a stable and continuously improving macroeconomic scenario in Viet Nam with a 9% increase, while those expecting no change in the next quarter increased by nearly 10%. Only 1% supposed that inflation will threaten their operation.

The number of businesses expecting to maintain the current size of their workforce remained at 40%, while 12% will significantly increase their workforce. Responses indicating intention to reduce headcount a little bit accounted for 5% compared to 10% in the previous quarter.

Meanwhile, 45% of the respondents said they intend to maintain their level of investment, a 9% rise.

EuroCham Co-Chairman Nicolas Audier said that the BCI survey results for the first quarter of 2018 manifested optimistic prospects from European businesses for Viet Nam, however, lower than in 2016.

EuroCham expected that in the upcoming time, the Vietnamese Government will accelerate forces in improving the business environment, especially legal changes which allows Viet Nam to complete its commitments in the EVFTA.

Source: VIETNAM INSIDER

The growing smartphone market has soared globally and Vietnam smartphone consumer market has been growing at a pace of 10% per year. In just 2017, Vietnam sold more than 15 million smartphones to become the largest market for manufacturers. Local buyers are, however, selective of their choices and big brands like Sony and Nokia remain the least popular among Southeast Asian countries. Samsung, having a long establishment in the country, dominates almost half of Vietnam’s smartphone market. As the market expands, local Vietnamese companies will compete in the market with lower-priced models. Vietnam’s competition of smartphone production has only just began.

Samsung dominates the smartphone market with 46.5% of shares, with China’s Oppo following at 19.4% and Apple at 9.2%. Oppo ventured into the Vietnamese market in 2012 with specialized selfie functions and surpassed Apple within 5 years to become Vietnam’s second largest smartphone provider. Xiaomi, a Chinese manufacturer, is partnering with Vietnam’s consumer electronic retailer Digiworld to expand its market presence.

Samsung has created a smartphone manufacturing hub in Vietnam, bringing in specialists, engineers and parts providers, in which many have joined local companies.

Vietnam-based companies, including Vingroup, Vietnam’s largest developer, announced its establishment of VinSmart, a subsidiary valued at USD 131 million, to launch its smartphone brand, Vsmart. The brand will tackle on artificial intelligence development and the production of smartphones and electronics.

Asanzo, an electronic manufacturer, plans to have 6 million smartphones produced by 2018 with a capital injection of USD 87.3 million, a 50% production increase from last year. Today, 90% of Asanzo’s revenue is produced from TV production and smartphone production contributes to less than 1%. Its plans is to vamp up the revenue to 30% by 2020. In 2017, Asanzo entered the smartphone market with two models and has since produced a total of 12,000 units. Asanzo plans to release its new low-prioced by 2018 models and produce more than 600,000 units.

Bkav, a leading Vietnam-based security software company has introduced its smartphone model, Bphone in 2015, with prices 40% lower than the iPhone. The company will launch a new model this summer.

To welcome an age of smart technology, local Vietnamese smartphone producers will compete in the market with lower-priced models. Samsung reacted to the changing competitiveness in the market and now targets markets in major cities like Hanoi and Ho Chi Minh City, whereas Oppo and Xiaomi will target the farming district’s niche markets. However, to retain its leading status in the market, Samsung has ran promotional events in the rural market to compete with China’s growing companies.

Source: Tech News 

Two weeks ago, Golden Emperor shared the news, ‘ Golden Emperor Properties’ Partner Developers, Sweep Vietnam’s PropertyGuru Vietnam Property Awards’ and revealed the short listed developers nominated for the 2018 PropertyGuru Awards.  The winners were officially announced at the gala night on June 22nd. Golden Emperor’s partner, CapitaLand,  wins the ‘Best Developer’ award and sweeped the night with a total of 14 awards along with 3 highly commended standings. CapitaLand is yet, the biggest winner of this year’s PropertyGuru Vietnam Awards.

Photo Above: CapitaLand CEO, Mr. Chen Lian Pang, recieves the ‘Best Developer’ award at PropertyGuru Vietnam 2018.

“For more than two decades, CapitaLand Vietnam has proven itself a leader in building top-class residential and commercial developments that serve its consumers well. Year after year the company has produced attractively-priced condominium and retail projects, many of them incorporating green, sustainable, wellness-inspired, and state-of-the-art features. The team’s various corporate social responsibility (CSR) and charitable initiatives further demonstrate its culture of building communities and creating awareness for environment-friendly properties,” said the independent judging panel.

CapitaLand receives a total of 14 awards:

CapitaLand receives 3 more highly commended awards:

Golden Emperor’s partner, Gamuda Land, a Malaysian-listed developer, additionally received 4 awards and 4 honorary mentions this year at PropertyGuru 2018. Gamuda Land’s projects, Gamuda Gardens and Celadon City, recognized for their unique development design at the awards gala.

Gamuda Land received the following 8 awards:

Vietnam’s prolific developer, SonKim Land, Golden Emperor’s partner, not only wins the ‘Best Boutique Developer’ award, but receives an honorary mention with its Serenity Sky Villa, a prestigious ‘Villa in the Sky’ condominium project in Ho Chi Minh City. The launch of Serenity Villas received a range of popularity among investors in Hong Kong and around the globe for self ownership and as an investment.

SonKim Land wins the following 3 awards:

The fourth of our partner developer, TTC Land, was also a winner at this year’s PropertyGuru Award. TTC Land, is a subsidary of Vietnam-listed congolomerate TTC Group, and has established over 35 freehold condominium and land properties developments across Vietnam. Its latest gate community residence project, Jamona Golden Silk, was highly commended for the ‘Best High End Condo Landscape Architectural Design.’ Golden Emperor will be partnering with TTC this month (July), on the 14th and 15th to host Vietnam Property Market Seminar，to launch Jamona Golden Silk’s condo residence, Jamona Heights. TTC Land’s success on the PropertyGuru Awards 2018 shows its prolific status on the property market and development industry.

TTC Land recieves the following 3 awards:

The General Statistics Office of Vietnam revealed that Vietnam has attracted a total of 20.33 billion USD worth of foreign direct investments in the first half of 2018. Japan, The Republic of Korea and Singapore remain to be the top three countries to invest into Vietnam.

Statistics show that in the first 6 months of this year, 1,366 projects have been granted investment license by the Vietnamese government, accounting for 11.8 billion USD. On the other hand, 507 corporations have their applications processed for investment licenses accounting for 4.43 billion USD. A handful of businesses have purchased a total of 4.1 billion USD worth of investment trusts.

In the first half this year, Vietnam’s manufacturing and post-production industries attracted the highest number of foreign direct investments, totaling to 7.91 billion USD. Investment injected into the real estate industry totaled to more than 5.54 billion USD, accounting for 2nd place for the nation’s total FDI. The consumer and eCommerce industry attracted more than 1.5 billion USD of investments in Vietnam, placing third. More than 87 countries globally invested into Vietnam’s different sectors: Japan leads the list with an investment total of 6.47 billion USD, The Republic of Korea at 5.06 billion USD and Singapore at 2.39 billion USD, taking second and third place, respectively.

The statistics office additionally revealed that Vietnam invested a total of 8.73 billion USD internationally in the first 6 months this year, an increased of 8.4% from the previous year. Exports from Vietnam totaled to 113.93 billion USD, increasing 16% from 2017: exports from foreign corporations accounted for 71% of total number of exports at 80.86 billion USD. Vietnam received a total value of 111.22 billion USD of imports the first 6 months this year, increasing by 10% from the previous year: foreign corporations imports accounts for 58.6% of the total amount of imports at 65.21 billion USD.

Source: Money UDN

Golden Emperor Properties has continued to actively give back to the community. Our company hosted a Charity Banquet in Admiralty last week and we are delighted for the support from our community of clients and the amount of donations and sponsorship received. The banquet was a meaningful evening to enjoy some wine and cuisine in addition to entertainment performed by a guest singer.

The banquet received an overwhelming amount of donations and support from Mrs. Alice Lee, Sales Director of Golden Emperor Properties, Mrs. Cubie Chan, Product Director of Golden Emperor Properties and Professor Herman M.C. Lau. Our community of clients were especially generous with their support and donations. All proceeds of the event, excluding Golden Emperor’s administrative cost, will go the Hong Kong Stroke Association to aid and encourage stroke survivors undergoing recovery and psychiatric treatment and provide additional support to their families.

Photo Above: Ms. Alice Lee (fourth from the left), Sales Director of Golden Emperor, joins our clients for a group photo.

Photo Above: Professor Herman M.C. Lau, sings along with our guest singer, Yuen Yuen.

Photo Above: Mrs. Cubie Chan (second from the right), Product Director of Golden Emperor, poses with our clients.

Photo Above: We received a large amount of support and donation for the evening.

Photo Above: Golden Emperor Properties, as the host of the night, donates HKD 20,000 to The Hong Kong Stroke Association.

Photo Above: Mrs. Alice Lee, Sales Director of Golden Emperor, receives a certificate from The Hong Kong Stroke Association.

Photo Above: Professor Herman M.C. Lau donates a collection of red wine to the night for charity and received a generous amount of support from Golden Emperor’s community of clients.