mumuso and miniso under scrutiny

Mumuso and Miniso under scrutiny

The Ministry of Industry and Trade has upheld a decision to impose inspections on Mumuso Vietnam, signalling the first step in handling the selling of Chinese goods under South Korean and Japanese brands in some store chains across the country.
phan van anh vu trial to begin on july 30

Phan Van Anh Vu trial to begin on July 30

At the end of July Hanoi People’s Court will start the closing trial for the case of Phan Van Anh Vu and other defendants charged with “deliberately disclosing state secrets”.
audi recalls vehicles due to cooling system error

Audi recalls vehicles due to cooling system error

Audi, a subsidiary of Volkswagen, has recalled over one million vehicles since April, with the latest 20 being in Vietnam due to a failure in their cooling system.
mumuso faces fine of vnd100 million from moit

Mumuso faces fine of VND100 million from MoIT

Mumuso is facing a fine of VND100 million ($4,440) by the Ministry of Industry and Trade (MoIT) due to the company’s unlawful practice of deliberately misleading consumers as to the origin of its goods or providing insufficient information.
tiki launch cross border channel backed by jdcom

Tiki launch cross-border channel backed by JD.com

Despite suffering losses over the past seven years domestic e-commerce platform Tiki continues to carry out its market expansion plan, recently launching its first cross-border channel with significant support from Chinese giant JD.com.
fortinet acquires bradford networks

Fortinet acquires Bradford Networks

Fortinet, a global leader in broad, integrated and automated cybersecurity solutions, today completed the acquisition of Bradford Networks, further enhancing the Fortinet Security Fabric by converging access control and IoT security solutions to provide large enterprise with broader visibility and security for their complex networks.    
central group made poor investment decision in nguyen kim

Central Group made poor investment decision in Nguyen Kim

It seems Thai giant Central Group may have made a big mistake in buying 49 per cent of domestic electronic retailer Nguyen Kim. The company has shown many negative business signs, including potentially being prohibited from doing business due to tax evasion.
not disclosing foreign origins comes with huge risks

Not disclosing foreign origins comes with huge risks

By registering its business licence in South Korean despite manufacturing goods in China, Mumuso has entered the Vietnamese market, where Japanese and South Korean goods are popular. However, this strategy means the brand faces some risks in accordance with Vietnamese law.    
blockchain vietnam needs personnel

Blockchain Vietnam needs personnel

As investing in blockchain is becoming a new trend among firms, the domestic personnel shortage in the industry has been a headache, despite repeatedly posting recruitment notices offering $2,000-3,000.
trung nguyen group will have to compete with its subsiary

Trung Nguyen Group will have to compete with its subsiary

With the announcement to open 1,000 coffee shops in China, Trung Nguyen International (under Trung Nguyen chairman’s wife Le Hoang Diep Thao) is declaring war on its parent company Trung Nguyen Group.
bamboo airways officially granted aviation business licence

Bamboo Airways officially granted aviation business licence

More than one year after applying for a business licence, domestic real estate giant FLC Group’s Bamboo Airways airline has been officially granted the aviation business license for the duration of 50 years from July 9, 2018.
price hikes for atm maintenance may be behind the times

Price hikes for ATM maintenance may be behind the times

As non-cash payments are the next new thing in Vietnam, will it be necessary for banks to increase service fees for ATM maintenance?
tiki may suffer from losses for three more years

Tiki may suffer from losses for three more years

As startup enterprises are commonly suffering losses, with examples of firms running in the red for an entire decade, Tiki may have a long three years ahead.
nguyen kim dodged 458 million in taxes over past decade

Nguyen Kim dodged $4.58 million in taxes over past decade

Domestic electronic retailer Nguyen Kim, in which Thailand-based Central Group holds 49 per cent, has just been imposed an administrative fine and collected tax arrears of VND148 billion ($6.5 million).
larger 3g and 4g data packages inevitable

Larger 3G and 4G data packages inevitable

As internet steadily replaces traditional text messages and calls as well as smart phones are overwhelmingly popular in the market, mobile operators find it a must to come out with low-cost 3G and 4G packages.