Latest news with #Vietnamese
Fashion Network
39 minutes ago
- Business
- Fashion Network
Counterfeit crackdown in Vietnam targets Rolex, Prada, Gucci
Vietnamese authorities have seized thousands of fake products, including imitation Rolex watches and Prada handbags, during a raid at a shopping mall in business hub Ho Chi Minh City, state media reported on Friday. The raid at Saigon Square shopping mall comes as Vietnam steps up its fight against counterfeits and digital piracy, after the United States accused the country of being a major hub for these illegal activities and threatened crippling tariffs. Earlier in May, Reuters reported fake luxury goods were on display in the mall, which is on the list of "notorious markets for counterfeiting" published in January by the U.S. Trade Representative. The items seized also included alleged fake products of other brands, including Longines, Gucci, Louis Vuitton, Dior and Hermès, state radio broadcaster VOV reported. "All of these products show signs of counterfeiting genuine goods, seriously affecting the interests of consumers as well as the reputation of protected brands in Vietnam," the report cited the trade ministry's market surveillance department. An employee of the mall confirmed the raid on Friday. "We lease the space to the sellers and are not aware of the origins and authenticity of the products they sell," the employee, who declined to be named, said by phone.
TimesLIVE
an hour ago
- Business
- TimesLIVE
Work on $1bn Trump Tower in Vietnam could start next year: source
Investment in a planned Trump Tower in Vietnam is estimated at $1bn (R17.84bn) and construction of the at least 60-storey skyscraper could start next year, a person familiar with the discussions told Reuters. The building, for which plans are still preliminary, would be the second major project the Trump Organisation, US President Donald Trump's family business, is reviewing in Vietnam. The Southeast Asian country is in trade talks with Washington to avoid crippling 46% tariffs. Eric Trump, senior vice-president of the Trump Organisation, visited Vietnam last week to survey the site for the tower in the country's southern business hub of Ho Chi Minh City and to attend the groundbreaking for a golf resort in northern Vietnam. The approval for the golf club, according to Prime Minister Pham Minh Chinh, had been expedited by the authorities. The Trump Organisation would operate the golf club, while its Vietnamese partner, real estate firm Kinhbac City, would focus on developing it with an estimated investment of $1.5bn (R26.77bn), the source said. The division of work had not been previously reported.
Yahoo
2 hours ago
- Automotive
- Yahoo
Vietnam Car Rental Market Share Analysis, Trends, Competitive Intelligence and Growth Forecasts (2025-2030) Featuring Vietnam Sun (Vinasun), Mai Linh Group, Vina(Vietnam) Rent A Car and More
Increased Internet Use, Tech Advancements, and a Growing Preference for Electric Vehicles Driving the Market at 13.82% CAGR Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "Vietnam Car Rental - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)" report has been added to Vietnam Car Rental Market size is estimated at USD 0.77 billion in 2025, and is expected to reach USD 1.48 billion by 2030, at a CAGR of 13.82% during the forecast period (2025-2030).Over the long term, with the rapid urbanization and rise of the middle class in Vietnam, car rental is expected to become one of the best-known services available in the urban transportation industry for local use, airport transportation, and out-of-town travel. The Vietnamese car rental market has grown quickly as a result of the increased internet penetration and the steady growth of the organized advancement is also a key driver of the automotive equipment rental market, as car rental companies are increasingly utilizing digital technologies like the Internet of Things (IoT) and big data to enhance customer service, lower operational costs, and better manage their fleet. Companies are launching their value-added services in the market and strengthening their footprint in one of the most significant developments is the increasing popularity of electric and autonomous vehicles. As more car manufacturers invest in the research and development of these technologies, it is expected that the car rental industry will need to adapt to accommodate these new types of vehicles. For instance,Key Highlights In January 2024, Xanh SM, which is a new transportation brand launched in early 2023 focusing on sustainable growth, launched a short-term self-driving car rental service, Xanh SM Rentals. The company offers electric car rental packages with appealing price policies, attracting more than 15 million customers after only eight months of launch. Similarly, in April 2023, Green and Smart Mobility JSC (GSM) was established and launched in Vietnam as a multi-platform green transportation model. It operates with a fleet of 100% electric vehicles. The major players such as The Hertz Corporation. VinFast, and others use connected car technologies as they provide data that can be used to understand their customers' needs and preferences better and offer personalized rental heavy import duty taxes on electric vehicles are hindering the growth of the car rental market in Vietnam. The government is taking initiatives to expand EV manufacturing plants and charging infrastructure, such as the National Automobile Development Strategy (2021-2050) and the Vietnam Automobile Manufacturers Association (VAMA), which aims to stimulate manufacturing and significantly increase the use of e-vehicles with a planned annual production capacity of 3.5 million electric vehicles by Car Rental Market Trends Online Segment Holds the Highest Share Rising internet users, coupled with the convenience of availing online services for rental services, serve as significant determinants for the growth of this market segment. According to the World Bank Data, the number of internet users in Vietnam was more than 80% in 2023, which acts as a major factor for the exponential rise in the share of online booking channels. The developments in smartphones and internet technology have brought considerable changes in the travel and transportation industry. It uses an online platform and apps to book the ride, and this helps to connect passengers and cars. For instance, According to the General Statistics Office of Vietnam, the average population in Hanoi amounted to approximately 8.43 million people. At least 95% of total households in Hanoi are expected to use at least one smartphone by 2025. Similarly, the postal-telecommunications infrastructure development plan drives the city's digital transformation program to 2025 with a vision for 2030. The growing number of smartphone users and rising adoption of internet technology in Hanoi is attributed to the growth of mobility services in the province. Furthermore, online renting is increasingly preferred by consumers as they can avoid the hassle of visiting physical locations and comparing prices, car makes, and models. Online mediums also assist in expanding the choice base of consumers before deciding. The expanding tourism sector across Vietnam also contributes to the increasing demand for car rental services since international tourists can avail of online mediums to pre-book their desired vehicles. With the strategic government investment to develop and improve the region's tourism sector, a massive demand is expected for renting cars through the online segment in the coming years. The government of Vietnam estimates 18 million international visitors and 120 million domestic tourists by 2025. The country is taking steps to make the tourism sector more sustainable, which may also boost its economy. Various companies, such as Momondo and Avis, are offering online booking services to locations like Hanoi, Ho Chi Minh City, and Da Nang to book various types of vehicles, from SUVs to hatchbacks. The other features include locking/unlocking cars via an app and watching the dash camera. Commuting Holds the Highest Share Vietnam has witnessed an exponential rise in population growth with rising urbanization. There is a growing demand for convenient transportation options as people migrate to urban cities to seek employment for better living standards. People are adopting car rental services for daily commuting and shopping trips, which creates a positive impact on the market. Moreover, the focus on sustainable transportation to meet net zero emission goals is creating a consistent and growing customer base for taxi companies. For instance, the Vietnamese Ministry of Transport (MoT) has sought feedback on a proposed policy to boost the electric vehicle (EV) industry by offering a USD 1,000 subsidy to electric car buyers, a move that could accelerate the shift toward green, eco-friendly energy in the country. The various car rental companies in Vietnam, such as Grab's Transportation Service, are making transitions in urban commuting, offering choices of diverse preferences and ensuring comfortable rides with a wide variety of vehicle choices, which allows users to select the option that best suits their needs and budget. The growth in technological advances, like the adoption of ride-hailing platforms, is improving the reach of taxi services in Vietnam. The various features offered by platforms include real-time tracking, driver ratings, and a secure, cashless transaction system. The other services, like quicker trips through traffic, have become an integral part of daily commuting in Vietnam. A local metered taxi is also considered a safe and reasonable way to travel as it is great for tourists who do not know about the area they are visiting. Considering the growth, new startup companies are focusing on increasing their fleet size and capacity to expand their user base and opting for funding options as well. Moreover, heavy investments from car rental service providers are expected to cater to the growing demand for electric vehicles by expansion of its fleets. The companies offer electric vehicles in different segments ranging from hatchbacks to high-end SUVs like BMW X5. For instance, in January 2024, Be Group announced that it received VND 739.5 billion (USD 40.4 million) in funding from VPBank Securities to complete its network expansion. Vietnam Car Rental Industry OverviewThe Vietnamese car rental market is consolidated and led by globally and regionally established players. The companies adopt strategies such as new product launches, collaborations, and mergers to sustain their market instance, in March 2023, VinFast established a new electric car and scooter rental company in Vietnam. VinFast is part of a large Vietnamese conglomerate named VinGroup, which also uses VinFast EVs to promote green of the major players in the market include Avis Budget Group, The Hertz Corporation, Hertz, Enterprise Holdings, Vinasun Corp., Mai Linh Group, and VN Rent a Car. Key Topics Covered1 INTRODUCTION1.1 Study Assumptions1.2 Scope of the Study2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY4 MARKET DYNAMICS4.1 Market Drivers4.1.1 Increasing Penetration of Electric Vehicles for Rental Fuels4.2 Market Restraints4.2.1 Alternative Mode of Transport Options Hinder the Market's Growth4.3 Porter's Five Forces Analysis5 MARKET SEGMENTATION (Market Size in USD million)5.1 By Booking Type5.1.1 Online5.1.2 Offline5.2 By Rental Duration5.2.1 Short-term5.2.2 Long-term5.3 By Application Type5.3.1 Tourism5.3.2 Commuting6 COMPETITIVE LANDSCAPE6.1 Vendor Market Share6.2 Company Profiles6.2.1 Vietnam Sun Corporation (Vinasun)6.2.2 Mai Linh Group6.2.3 Vina(Vietnam) Rent A Car6.2.4 Grab Holdings Inc.6.2.5 PT Gojek6.2.6 Hertz Corporation6.2.7 Enterprise Holdings6.2.8 Avis Budget Group6.2.9 Green and Smart Mobility JSC (GSM)7 MARKET OPPORTUNITIES AND FUTURE TRENDSFor more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Korea Herald
2 hours ago
- Business
- Korea Herald
Agoda and GSTC Launch Free Digital Training Platform to Empower Hoteliers with Sustainability Skills
SINGAPORE, May 30, 2025 /PRNewswire/ -- Digital travel platform Agoda, in collaboration with the Global Sustainable Tourism Council (GSTC), has launched the Sustainable Tourism Academy, a free digital training platform designed to equip current and aspiring hoteliers with practical sustainability tools and knowledge. The initiative aims to address the growing demand for sustainable accommodation options from increasingly sustainability-conscious travelers while driving transformation within Asia's hotel industry. The Sustainable Tourism Academy offers localized and tailored content to tackle the unique sustainability challenges faced by the region. The platform features interactive learning exercises, case studies, assessments, and discussion boards to create an engaging and comprehensive learning experience. Learning modules focus on how to attract sustainability-minded guests and develop sustainability strategies with insights and case studies from hotels across Asia. Available in English, Vietnamese, Malay, Thai, and Indonesian, the platform ensures accessibility for a broad audience of hospitality professionals across Southeast Asia. The self-paced platform allows participants to complete training modules at their convenience, making it ideal for busy hospitality professionals. Upon successful completion, participants receive a completion certificate jointly issued by GSTC and Agoda, formally recognizing their enhanced sustainability knowledge and skills. Damien Pfirsch, Chief Commercial Officer at Agoda, shared, "Through the Sustainable Tourism Academy, Agoda and GSTC are equipping hoteliers to drive meaningful change within the industry. Agoda is committed to scaling up this initiative, and by offering this platform free of charge, we're making sustainability education accessible, practical, and impactful for everyone in the Asian hospitality sector, from kitchen staff to general managers." Randy Durband, Chief Executive Officer at Global Sustainable Tourism Council, added, "By providing free access to practical, localized sustainability training, GSTC and Agoda are empowering hoteliers to take meaningful steps toward a more sustainable future. This initiative reflects our shared commitment to making sustainability not just an aspiration, but a standard practice across the region." The training content is built around the GSTC Standard, the global standard for sustainability in travel and tourism. It covers key areas such as sustainable management, socioeconomic impacts, cultural impacts, and environmental impacts. Developed by Agoda's Sustainability Team and GSTC and its trainers, including CB Ramkumar (Vice Chair, GSTC), Mochamad Nalendra (CEO, Wise Steps Consulting), and Catherine Germier-Hamel (CEO, Destination Mekong), the content combines diverse expertise and real-world insights from leaders in the field. The platform was officially launched on Friday, 30 May, at an event in Bangkok, Thailand, which brought together over a hundred Southeast Asian hospitality professionals for in-depth conversations on emerging trends and challenges in sustainable tourism. The Sustainable Tourism Academy is free of charge and accessible to everyone, underscoring Agoda and GSTC's commitment to fostering a more sustainable future for all in travel. To explore the platform, visit
Yahoo
2 hours ago
- Business
- Yahoo
Vietnam Glass Fiber Import Research Report 2025-2034: Key Suppliers and Market Insights
Explore Vietnam's rapidly growing glass fiber market, fueled by economic development and manufacturing upgrades, with a heavy reliance on imports. Key suppliers include China, South Korea, and Japan. The market is strong in sectors like construction, automotive, and renewable energy. Vietnamese Glass Fiber Import Research Market Dublin, May 30, 2025 (GLOBE NEWSWIRE) -- The "Vietnam Glass Fiber Import Research Report 2025-2034" report has been added to global glass fiber market shows the characteristics of regional concentration. According to the analyst, China, North America and Europe are the main glass fiber production regions, accounting for more than 80% of global production. These regions dominate the global glass fiber market with their technological advantages, market demand and industrial cluster America, Europe and Asia Pacific are the main consumer markets. According to the analyst, North America (especially the United States) is an important consumer market for glass fiber, with major applications including construction, automobiles and renewable energy. Europe is the world's third consumer of glass fiber, with major applications including construction, automobiles, aerospace and electronics. Asia Pacific is the world's largest consumer market for glass fiber and is expected to maintain the fastest growth rate in the next few years. Among them, with the development of infrastructure construction and manufacturing in Southeast Asia, the market demand for glass fiber is gradually demand for glass fiber in Vietnam is growing rapidly, mainly due to the continued development of its economy and the upgrading of its manufacturing industry. According to the analyst, glass fiber is widely used in Vietnam's construction, automobiles, electronics, wind energy and other fields. With the advancement of Vietnam's infrastructure construction and industrialization, the scale of Vietnam's glass fiber market continues to grow. At present, Vietnam's local production capacity of glass fiber is limited, so Vietnam's glass fiber market is still highly dependent on imports. Vietnam's imports of glass fiber and its products reached US$88 million in 2023, and the cumulative imports of glass fiber and its products reached about US$200 million in 2024. According to the analyst, the main import sources of glass fiber and its products in Vietnam include China, South Korea, Japan and other places. China is the main import source of glass fiber and its products in Vietnam. The top three countries and regions for Vietnam's imports of glass fiber and its products from 2021 to 2024 are China, South Korea and Japan. The main exporters of this product to Vietnam are some large glass fiber enterprises. The main importers of glass fiber and its products in Vietnam from 2021 to 2024 are mainly foreign-funded the Vietnamese glass fiber and its products market is showing a rapid growth trend. According to CRI's market research, although there are a small number of glass fiber manufacturers in Vietnam, the production scale is limited, so Vietnam's glass fiber and its products are highly dependent on imports. With the rapid development of Vietnam's glass fiber market, Topics covered: The Import and Export of Glass Fiber in Vietnam (2021-2024) Total Import Volume and Percentage Change of Glass Fiber in Vietnam (2021-2024) Total Import Value and Percentage Change of Glass Fiber in Vietnam (2021-2024) Total Import Value and Percentage Change of Glass Fiber in Vietnam (January-November 2024) Average Import Price of Glass Fiber in Vietnam (2021-2024) Top 10 Sources of Glass Fiber Imports in Vietnam and Their Supply Volume Top 10 Suppliers in the Import Market of Glass Fiber in Vietnam and Their Supply Volume Top 10 Importers of Glass Fiber in Vietnam and Their Import Volume How to Find Distributors and End Users of Glass Fiber in Vietnam How Foreign Enterprises Enter the Glass Fiber Market of Vietnam Forecast for the Import of Glass Fiber in Vietnam (2025-2034) Companies Featured Yingkou Xilin Trading Co Ltd Hong Kong Comefly Trading Co Ltd Jushi Korea Co Ltd Ritar Power (Vietnam) Company Limitid Ri Jie Power Technology Co Ltd Tianye Outdoor (Vietnam) Co Ltd Key Attributes: Report Attribute Details No. of Pages 80 Forecast Period 2025 - 2034 Estimated Market Value (USD) in 2025 $220 Million Forecasted Market Value (USD) by 2034 $518.75 Million Compound Annual Growth Rate 10.0% Regions Covered Vietnam Key Topics Covered: 1 Overview of Vietnam1.1 Geography of Vietnam1.2 Economic Condition of Vietnam1.3 Demographics of Vietnam1.4 Domestic Market of Vietnam1.5 Recommendations for Foreign Enterprises Entering the Vietnam Glass Fiber Imports Market2 Analysis of Glass Fiber Imports in Vietnam (2021-2024)2.1 Import Scale of Glass Fiber in Vietnam2.2 Major Sources of Glass Fiber Imports in Vietnam3 Analysis of Major Sources of Glass Fiber Imports in Vietnam (2021-2024)3.1 China3.2 South Korea3.3 Japan3.4 Hong Kong3.5 Taiwan (China)3.6 Malaysia4 Analysis of Major Suppliers in the Import Market of Glass Fiber in Vietnam (2021-2024)4.1 YINGKOU XILIN TRADING CO LTD4.2 HONG KONG COMEFLY TRADING CO LTD4.3 JUSHI KOREA CO LTD5 Analysis of Major Importers in the Import Market of Glass Fiber in Vietnam (2021-2024)5.1 RITAR POWER (VIETNAM) COMPANY LIMITID5.2 RI JIE POWER TECHNOLOGY CO LTD5.3 TIANYE OUTDOOR (VIETNAM) CO LTD6. Monthly Analysis of Glass Fiber Imports in Vietnam from 2021 to 20246.1 Analysis of Monthly Import Value and Volume6.2 Forecast of Monthly Average Import Prices7. Key Factors Affecting Glass Fiber Imports in Vietnam7.1 Policy7.1.1 Current Import Policies7.1.2 Trend Predictions for Import Policies7.2 Economic7.2.1 Market Prices7.2.2 Growth Trends of Glass Fiber Production Capacity in Vietnam7.3 Technology8. Forecast for the Import of Glass Fiber in Vietnam, 2025-2034For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Vietnamese Glass Fiber Import Research Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
