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HCM City leads localities nationwide in economic recovery: AmCham Vietnam

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Ho Chi Minh City is the leading locality in the country in economic reopening and recovery, according to the American Chamber of Commerce in Vietnam (AmCham Vietnam).

HCM City leads localities nationwide in economic recovery: AmCham Vietnam hinh anh 1

According to a survey announced by AmCham Vietnam on November 29, businesses in HCM City are on their way to resume production and business activities, and they are optimistic about the future of the Vietnamese market.

The deployment of vaccination campaigns against COVID-19 in the Southeast Asian nation have allowed many sectors to open and recover with a safe roadmap, ensuring regulations on pandemic prevention and control, the survey said.

More than 60 percent of AmCham Vietnam’s member enterprises which responded to the survey, have resumed their operations at 80 percent of the normal capacity, and 85 percent of them operated at 60 percent of the normal capacity or more.

For those which have not yet reached their normal capacity, 25 percent are expected to reach 100 percent by the end of 2021, and over 60 percent and more than 90 percent hope to return to normal in the first and second quarters of 2022, respectively.

Notably, nearly 80 percent of AmCham Vietnam member businesses participating in the survey demonstrated their positive evaluations about the medium and long-term prospects in the Vietnamese market, saying that they have planned or are considering expanding investment in the country.

Executive Director of AmCham Vietnam Mary Tarnowka said that more consistent policies on adjustments to safely live with COVID-19 across localities nationwide will be key to Vietnam’s economic recovery.

Accordingly, liberalizing the requirements related to international travel of foreign experts will not only facilitate investment expansion of enterprises operating in Vietnam, but also attract new investment inflows, she said.

However, the survey shows that production and business enterprises are also facing many difficulties because the domestic market continues to fluctuate and the international supply chain is still not connected as seamlessly as before.

The survey said the restriction on international travel is the main factor limiting operations of businesses at present, which leads to supply chain disruptions and increasing costs. Up to 56 percent of AmCham Vietnam’s member businesses said that they have encountered the shortage of labourers./.

Source: VNA

Source: https://vietnamnet.vn/en/business/hcm-city-leads-localities-nationwide-in-economic-recovery-amcham-vietnam-797129.html

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Tet flower sales move online amid COVID fears

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Florists are paying more attention to selling online for Tet this year since the COVID-19 pandemic means customers are unwilling to visit shops.

Sau Hai Orchid Farm in HCM City’s Thu Duc City advertises flowers for Tet on its Facebook page. Flower sellers this year are focusing on online sales. 

Huynh Van Hai, owner of Sau Hai Orchid Farm in HCM City’s Thu Duc City, usually sells at a local flower market, but this year he is focusing on online sales to limit close contact, he told Viet Nam News.

“Last year, I took my flowers to the market, but I could not sell much since people were reluctant to come and buy due to COVID. It was a waste of rent.

“This year the number of people visiting my farm to look up flowers, or even just take pictures, is down by half from normal years. Only customers who actually want to buy flowers come.”

Buyers can visit Hai’s Facebook page or call him to place orders, and he offers advice and sends videos to help them choose.

Oanh, who owns a flower shop in HCM City’s Hoc Mon District, told VnExpress online newspaper that she plans to sell all 200 flower pots this year through e-commerce platforms instead of at popular flower-selling streets as she usually does.

So her flowers are cheaper this year since she does not have to rent space.

People buy flowers for Tet, especially the yellow apricot blossom, either to decorate their house or use as offerings in their ancestral altars.

While it is a Tet tradition for families to visit shops to carefully handpick the best flowers to bring home, this year many are reluctant to go out.

Nguyen An Phuong of HCM City’s District 2, told Viet Nam News that she would not visit flower shops this year.

“I have an elderly mother at home, so even though I am fully vaccinated, I am worried about accidentally infecting her. Every year I would go out and handpick flowers myself, but this year I think I will just buy them online.”

Nguyen Hung, a florist in Hoc Mon District, told Tuoi Tre newspaper, “Everything is sold online, not just Tet flowers, because of the ongoing pandemic.”

Flower shops in other provinces are also focusing more on online selling.

Nguyen Van Thu, owner of a flower shop in Binh Duong Province, told Viet Nam News that customers have been visiting the shop’s social media pages to browse for long-lasting flowers such as moth orchids and pigeon orchids.

“Due to the strong development of social media, our flower buyers are gradually switching to online shopping. Our number of direct customers is falling, and they are mostly new, infrequent visitors.”

But he said that the number of customers is still lower than last year due to COVID limiting businesses’ budgets and events, which reduces demand for flowers.

Selling regional speciality foods online

Businesses selling foodstuffs for Tet are also moving online this year.

Nguyen Binh Khiem, who runs a chain of store in Can Tho City selling Mekong Delta specialties such as dried shrimp and sausages, said around 70 per cent of his orders are through social media and telephone, and so he plans to focus on them.

Nguyen Kim Thuy, director of Ky Nhu Co-operative Group in Hau Giang Province, which hopes to sell around 30 tonnes of processed foodstuffs for Tet, said that the group is running advertisements on Zalo and selling its goods on e-commerce platforms.

“Our direct sales this year are lower than other years, but online sales are rising.”

Huynh Thanh Phong, director of the Hau Giang Department of Industry and Trade, said his agency has been helping businesses and co-operative groups sell online.

Source: VNS

Source: https://vietnamnet.vn/en/business/tet-flower-sales-move-online-amid-covid-fears-811269.html

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Clothing stores boost sales ahead of holiday

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Signs of discounts and sales are everywhere. — Photo thanhnien.vn

HÀ NỘI — There is only one week left until the Lunar New Year (Tết), and people’s shopping needs are increasing. To attract customers, fashion stores in Hà Nội have launched many attractive promotions.

At the end of the year, fashion stores race to release goods to recover capital after a year of struggling with the pandemic; goods range from only a few tens of thousands Vietnamese đồng to hundreds of thousands.

There are signs of discounts and sales everywhere at the end of the year. Clothing stores are crowded and parking lots are full, especially on weekends. Many have to park in the road and wait.

Having just bought a shirt with a discount of VNĐ69,000 (US$3) and a winter shirt with a discount of 30 per cent, a customer said that Tết was the ideal time to hunt for clothes because of the big discounts.

After Tết, stores gradually switch to selling summer clothes, so many winter clothes were discounted, so shopping at this time can save a lot, she added.

Shoe shops also attract a lot of customers, especially children’s shoe stores. However, buying at the end of the year can be difficult as even though the prices are reduced, the right sizes may no longer be available.

Holding bags of many different fashion brands, Đoàn Thị Thu Trâm, told the Báo Giao Thông (Transport) newspaper that she had bought three items that cost less than VNĐ1 million. Even though they were discounted and the designs were not the latest, she still chose quality products. —

Source: https://vietnamnews.vn/economy/1119659/clothing-stores-boost-sales-ahead-of-holiday.html

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2021 and Masterise Group’s journey to create a bright future for the community

Masterise Group prioritizes special care to vulnerable populations by empowering the community to overcome the pandemic. It has contributed to raising people’s living standards in a sustainable way.

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The group is a quite young enterprise in the real estate market. But during its 8 years of operation, Masterise Group has always been a familiar name with various CSR programs such as granting scholarships to underprivileged children, celebrating Tet for students coming from provinces, and activities to support workers who face difficult situations.

In the challenging year 2021, the international real estate developer became a solid “shoulder” supporting the Ho Chi Minh city government and the country with several activities fighting the epidemic center and helping people in the new normal period.

Big journey originated from small efforts

On the morning of January 20, in the cool weather of days approaching the Lunar New Year, Phi An eagerly accompanied his grandmother to Phat Huy Binh Trieu Center in Thu Duc City for Tet gifts.

The 6-year-old boy, whose parents got divorced, has to live with his grandmother. His dream is simple. He wishes to have a chance to dress in new clothes in the Lunar New Year days, meet his friends and adopt a little dog.

For Phi An and his classmates, that day was a special event in life, because he was given Tet gifts and together with friends watched clowns making eye-catching toys.

During the offering ceremony, hundreds of gifts from Masterise Group were delivered to the children and their families. Joy appeared in the eyes and smiles of the children and their parents. The gift including 20 kilograms of rice, instant noodles, spices, and confectionery… help bring them relief and joy during Tet holiday.

Not only supporting gifts, the program also organizes folk games with the aim to share Tet atmosphere to children. Photo: Masterise Group
Not only supporting gifts, the program also organizes folk games with the aim to share Tet atmosphere to children. Photo: Masterise Group

The center was the first destination of Masterise Group’s CSR program entitled “Sharing Love – Sending Tet to Everyone” which was initiated to support disadvantaged people in Ho Chi Minh City. This is a series of long-term CSR programs the group coordinates with other organizations including Saigon Children, the municipal Ho Chi Minh Communist Youth Union, and Cho Ray Hospital.

According to the group’s representative, every Lunar New Year, Masterise Group supports the community with several practical programs such as Tet Reunion – supporting workers at the construction site, together with the Fatherland Front giving Tet gifts to poor households, accompany “Spring Day Nest” program as well as support students to celebrate Tet away from home.

“Unlike previous years, our efforts to support the community have been more proactive with comprehensive preparation since 2021. This is also part of our efforts to fulfill the commitment to build a more sustainable and better future in Vietnam,” shared Mr. Jason Turnbull, a representative of Masterise Group.

Organizing the CSR Tet program, Masterise Group coordinated with other organizations offering gifts to migrant workers, 1,500 street children, orphaned children in shelters or children who lost parents due to the COVID-19. The program also presented 7,000 gifts worth VND2.1 billion to workers at construction sites of Masterise Homes projects across the country.

Ms. Sunny Tong, deputy director of marketing communications at Masterise Homes during a meeting to support disadvantaged children due to the pandemic. Photo: Masterise Group
Ms. Sunny Tong, deputy director of marketing communications at Masterise Homes during a meeting to support disadvantaged children due to the pandemic. Photo: Masterise Group

The program also accompanied the city’s Ho Chi Minh Communist Youth Union arranging buses to send more than 1,000 students and workers home for Tet. The group also cooperated with Cho Ray Hospital giving 200 gifts to needy patients. Though the gifts cannot be compared with a chance to return to their hometown for Tet, the group could a little warmth with people who have to stay away from home during Tet.

In the midst of pandemic: no hesitation supporting the community

The series of CSR activities on the occasion of the Lunar New Year is consistent with what Masterise Group has been implementing for the past years. Targets of the programs are disadvantaged children, people badly hit by the pandemic.

The activity “Together with Vietnam Firmly Beat Pandemic” is an example. The program has been implemented since July 2021, empowering 10,000 workers in Ho Chi Minh City, helping them overcome the pandemic thanks to subsidies for house rentals.

The program donated medical equipment worth VND29 billion to the city’s health sector fighting the pandemic. Workers and frontline medical workers were those who got the hardest hit by the pandemic. They also become the main beneficiaries of Masterise Group’s community efforts in the midst of the pandemic.

Mr. Jason Turnbull, Deputy General Director and Chief Financial Officer of Masterise Homes directly presents gifts to employees. Photo: Masterise Group
Mr. Jason Turnbull, Deputy General Director and Chief Financial Officer of Masterise Homes directly presents gifts to employees. Photo: Masterise Group

“Not only building houses, Masterise Homes’ mission is to create ‘homes’ with intangible values. We want to make a small contribution to help workers stay strong and fight the pandemic,” said Mr. Jason Turnbull.

In addition to supporting medical equipment and rentals for workers, in September 2021, the group coordinated with the municipal Ho Chi Minh Communist Youth Union to provide 7,500 bags of COVID-19 medicine to patients in the city.

In the “new normal” time, the group gets involved in several humanitarian events such as “Honoring the Valedictorian in 2021”, which awards long-term scholarships to orphans who have lost parents from COVID-19 pandemic.

In the midst of social distancing, Masterise Group does not hesitate to join hand with the city’s Communist Youth Union’s members traveling to alleys in Ho Chi Minh City, supporting disadvantaged people. Photo: Masterise Group
In the midst of social distancing, Masterise Group does not hesitate to join hand with the city’s Communist Youth Union’s members traveling to alleys in Ho Chi Minh City, supporting disadvantaged people. Photo: Masterise Group

“At Masterise Group, we believe in a brighter future, where the living standard of modern Vietnamese is raised to a new level. Through our non-stop activities for the community, we aim to improve the quality of life and build a strong community with issues of Living Environment – Education – Humanitarian Relief,” said a representative of Masterise Group.

Source: https://e.nhipcaudautu.vn/companies/2021-and-masterise-groups-journey-to-create-a-bright-future-for-the-community-3344010/

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