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Ferocity of Kirkuk attack points to tough fight for Mosul

person Orange Themes access_time Oct 24,2016

By Babak Dehghanpisheh and Michael Georgy KIRKUK, Iraq (Reuters) - At least 100 fighters sneaked into Kirkuk in the early hours of Friday with machine guns, rocket propelled grenades, suicide vests and a message: "Islamic State has taken over." The

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Image : Vietnam’s top ten 2016 exports

Vietnam’s top ten 2016 exports

person Orange Themes access_time Feb 03,2017

Vietnamnet - Viet Nam’s top ten products in terms of 2016 export turnover accounted for 71.8 per cent of total national export value, according to a recently announced statistics report by the General Department of Customs.

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Virtually no local businesses in Vietnam have e-commerce

access_time May 18,2017 chat_bubble_outline 27 views

The Vietnam E-Commerce Association agrees with what most governmental bodies have been saying for some time—that small to medium size local companies really aren’t doing much online business-wise.

Virtually no local businesses in Vietnam have e-commerce

New data from a survey performed by the Association suggests that there may only be about 300 smallholders in the country set up for e-commerce or that even use their website in any way to conduct sales, said Nguyen Thanh Hung, chair of the Vietnam E-Commerce Association.

Considering the strong push by the government for small businesses to create an ecommerce and/or mobile site to connect with customers, this paltry number is a bit surprising, he noted.

Technology is massively disrupting almost every segment of the retail, wholesale, manufacturing and service sectors of the economy, all of which need e-commerce to grow sales and earnings.

Vietnamese businesses are investing practically nothing in information and communications technologies, which is obviously the reason that retail sales online are totally inconsequential.

That’s bad because, e-commerce could be used to nurture international sales beyond the borders of Vietnam as well as domestic sales, said Mr Hung.

Also, the effective use of technology and networks could help a business reduce costs, better manage investment in inventory, improve efficiency, all of which ultimately lead to all around increased productivity and higher earnings.

Mr Hung said the reason small business are lagging so badly is due to the familiar refrain of lack of access to capital. With Vietnam being such a poor country, there are not many sources of funds to pay for the cost of acquiring the technologies needed to drive e-commerce.

As Vietnam is predominantly a country of small and medium-sized companies, it’s also costlier for them to invest in technological upgrades than it is for big businesses or foreign multinationals.

In addition, it’s much more difficult for them to find tech-savvy people who want to work for small companies. Most of the highly talented youth would rather work for big local or multinational corporations where their prospects for higher salaries and employment related benefits are greater.

Another significant impediment to the development of e-commerce is the high aversion to the use of credit cards by Vietnamese consumers. Consequently, owners say that e-commerce is not that important to their business and why they don’t utilize this sales platform.

Of course, he said there are other issues such as security, transport and postage costs being too high, but these are not major obstacles. 

Mr Hung suggests the government should continue to serve as an example to businesses and adopt e-commerce itself wherever possible, it should move to modernize payment systems, cut red tape, encourage digital literacy and boost security among other things.

However, there is an old saying in English that ‘one can lead a horse to water, but you can’t make it drink’ that fits this situation. The government can only do so much and the rest must be left up to the private sector.

He explains, that the younger generations have been faster to adopt e-commerce than their parents. Young professionals grew up using smartphones and shopping online, so e-commerce is a natural extension in their personal lives.

E-commerce will explode in Vietnam over the next decade, Mr Hung asserts, and if Vietnamese small and medium sized businesses are not online offering this sales platform to their customers, they’ll find a competitor that is.


Former Mexican governor accused of graft turns himself in

MEXICO CITY (Reuters) - Former Mexican governor Guillermo Padres, who has been accused of corruption, turned himself in to authorities on Thursday, a rare move for one of Mexico's many ex-state leaders facing graft charges.The former governor of Sonora, a northwestern state bordering the United States, says he is innocent of charges of money laundering, tax fraud and embezzlement from his tenure from 2009 to 2015.Marines escorted Padres to prison in western Mexico City on Thursday after Padres… chat_bubble_outline Read More...

Asier Illarramendi back to best in 2nd stint at Sociedad

BARCELONA, Spain (AP) — Asier Illarramendi, not long ago considered a flop at Real Madrid, has boyhood club Real Sociedad sitting near the top of the Spanish league.Illarramendi's unstoppable long-distance strike sealed Sociedad's 2-1 win at Espanyol on Friday, a victory that lifted the Basque Country club past Atletico Madrid and into fourth place. The top four finishers in Spain earn a berth to next season's Champions League.In 2013, after a strong season by Illarramendi that saw Sociedad… chat_bubble_outline Read More...

Free entrance to Ho Dynasty Citadel

For this occasion, a photo exhibition with the theme of excavation from the entrails of the earth will be opened in the morning of December 15 at the citadel’s preservation centre. Hundreds of pictures of the citadel during its process of excavating will be shown to the public. In addition, an art festival with music and dance performances by local artists will also be organized at the district’s conference centre on the night of December 15.Built in 1397, the Ho Dynasty Citadel was the… chat_bubble_outline Read More...

Shock and angst in Asia as Trump rises

Kuala Lumpur (AFP) - Donald Trump's stunning performance in the US presidential election triggered shock and angst in Asia, where observers fretted over the implications for everything from trade to human rights and climate change.Although the race remained too close to call, Trump has won key states in the nail-biter against Hillary Clinton, building momentum as large numbers of American voters shrugged off concerns over the billionaire's temperament and lack of experience.Trump's rise has… chat_bubble_outline Read More...

Burundi police question U.S. journalist, keep her fixer in custody

NAIROBI (Reuters) - Police in Burundi arrested an American journalist and her Burundian fixer on Sunday, saying they had questioned both on suspicion of destroying criminal evidence before releasing only the journalist from custody.Julia Steers, a fellow with the International Women's Media Foundation, and Gildas Yihundimpundu were arrested in the Mutakura district north of the capital Bujumbura, police spokesman Pierre Nkurikiye wrote on his Twitter account.The media regulator "CNC and police… chat_bubble_outline Read More...

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