Posted in Uncategorized

Dangdang Launched “Super Speed Delivery” in 400 Cities of China

TIANJIN, China, July 10, 2014 /PRNewswire/ — The Tianjin warehouse center of Dangdang was formally put into use on 3rd July. In the meantime, Dangdang announced its service commitment of “111 super speed delivery” has covered 400 cities in China. On the same day, Dangdang also signed strategic agreements with some of the largest logistics corporations in China to improve nationwide delivery speed and service.

“111 super speed delivery” means “orders placed before 11 a.m. will be delivered within 12 hours, orders placed before 1 a.m. will be delivered within 24 hours.”

Dangdang adopts the mode of “self-built warehousing plus external logistics cooperation.” This mode can eliminate the disadvantage of separate management and form a coordinated process of logistics, data and management in order to achieve faster speed and lower cost than self-built logistics.

Dangdang speeds up: 16 new warehouses will be built in 2014

According to Dangdang’s warehousing manager Ren Qiang, Dangdang has completed 29 warehouse centers. By the end of 2014, the number will reach 45 in seven areas of China.

In addition to speeding up warehouse building, Dangdang improves the efficiency of the supply chain by opening its independently developed FDC pre distribution center to upstream suppliers, providing nearby delivery, centralized storage and value-added services of nationwide unified delivery.

According to data display, the FDC pre distribution center can improve 60 percent of timeliness of arrival and reduce 66 percent of the out of stock rate. At present, suppliers joined the FDC system accounted for 50 percent of total suppliers of Dangdang.

At present, the Tianjin new warehouse center is the biggest self-built warehouse center covering an area of more than 31 hectares. The total planned warehouse area is 200,000 square meters. 100,000 square meters has been put into use, and another 100,000 square meters will be constructed in the future.

Dangdang speeds up: the intercity transportation in 1-2 days

Dangdang promotes the efficiency of intercity transportation and express delivery by cooperating with large transportation and logistics enterprises in order to achieve faster speed and a wider range than self-built logistics.

Speaking of the acceleration of intercity logistics, Dangdang speeds-up the intermediate and long-range transportation by adhering to the strategy of openness and alliance and fully integrating social logistics resources such as express bus, aviation and high-speed rail.

According to the director of Dangdang’s logistics service department, Duan Yu, at present, the average delivery time can be shorted by 1.1 days by cooperating with large courier companies, which have mature and convenient trans-provincial bus system.

In the area of aviation, Dangdang already has close cooperation with major airlines in order to meet remote and fast requirements by providing special hours’ air freight.

In the meantime, Dangdang will realize its “111 super speed delivery” commitment for trans-provincial delivery with lower costs by carrying out an e-commerce special cooperation with China Railway Corporation and making use of the more than 1,000 lines of high-speed rail. For example, orders delivered from Beijing to Guangzhou by CRE in less than 24 hours are expected to cost more than 10 percent by air.

Dangdang speeds up: cooperates comprehensively with courier giants

Speaking of the citywide logistics, Dangdang strengthened the cooperation with large-scale third party logistics companies at the beginning of the year for the purpose of promoting the delivery speed and service upgrade. In this way, Dangdang’s service, “111 super speed delivery,” which has covered 400 cities, is a fundamental shift from the traditional outsourcing logistics with low efficiency.

One of the most important steps is the cooperation between Dangdang and large express companies. Dangdang breaks through the logistics value chain, let the couriers enter warehouses and sort orders, and realize a coordinated process from warehousing to delivery. Currently, the number of the delivery cities surpasses 1,800.

Dangdang’s vice president Yao Danqian stressed, “The mode in the past year proves that openness is better than isolation, cooperation is superior to competition. Openness and coordination between E-commerce industry and logistics industry is the general trend. Dangdang will further play the advantage of this pattern, deliver faster than self-built logistics, and accelerate the market expansion of the 3rd and 4th tier cities.”

On the scene, express delivery giants such as Shentong, Yuantong, Zhongtong and Yunda signed strategic cooperation agreements with Dangdang to increase preferential policies, optimize processes, open data and improve collaborative management, compelling the service “111 super speed delivery” to cover more cities and accelerate delivery speed. At the same time, all the parties will cooperate closely with Dangdang on the aspects of individuality service standards, customer delay compensation, logistics sharing between vendors, and mobile technology development.

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Posted in News

VN – destination for private investors

15:07 | 10/07/2014

VGP ? As much as 51% of the private investors surveyed by Grant Thornton Viet Nam said that they will increase investment in Viet Nam in the next 12 months.

illustration photo

According to the Grant Thornton Viet Nam, 32% of those responded said they will maintain their investment in the nation. 

Managing Partner of Grant Thornton Ken Atkinson indicated that the nation’s economy has to face challenges though the macro-economic stabilization has been improved and the economy showed signs of recovery.

The foreign capital will flow into Viet Nam through a number of merger and acquisitions activities in the future, he added.

Private investors are interested in the retails, food and beverage in Viet Nam, whose population now exceeds 90 million, according to the company.

The real estate, especially mergers and acquisitions, has caught investors’ interest.

At the Viet Nam Investment Forum 2014 held in late June in Ho Chi Minh City, domestic and foreign economists and investors acclaimed that among the emerging markets that are rising, Viet Nam remains the destination of foreign investment.

Evaluating the potentials of Viet Nam’s stock market, Dr. Marc Faber, director, advisor and shareholder of a number of investment funds that focus on emerging and frontier markets, forecasted that foreign investment poured into Viet Nam’s stock market tend to increase in the coming years.

By Thuy Dung

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Posted in News

VN to welcome 8.3 million int’l guests in 2014

15:03 | 10/07/2014

VGP – Viet Nam catered for 4.28 million foreign visitors in the first half of 2014, up 21% and 23.4 million domestic tourists, up 7% year on year.

These holiday makers brought the tourism sector VND125,000 billion in revenues, up 22% compared to the same period last year.

The sector has set the goal of receiving 8.2-8.3 million foreign tourists and providing services for 37.5 million domestic visitors in 2014 for revenues of around VND240 trillion.

By Thuy Dung

 

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Posted in Uncategorized

Antonoil Adds a New Central Processing Facility (CPF) Project to Service

HONG KONG, July 10, 2014 /PRNewswire/ — Anton Oilfield Services Group (“Antonoil” or the “Group”, HKEx stock code: 3337), the leading independent oilfield services provider in China, is pleased to announce that a new Production Operation Service contr…

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Posted in Uncategorized

The 14th China International Fashion Brand Fair — Shenzhen opens today

HONG KONG, July 10, 2014 /PRNewswire/ — The largest and most influential fashion exhibition in southern China, the 14th China International Fashion Brand Fair — Shenzhen (FashionSZshow), opened today in Shenzhen. This annual fashion event is the perf…

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Posted in Legal Matters

Speeches: Combating Forced Labor and Modern-Day Slavery in East Asia and the Pacific

Thank you, Chairman Cardin, for the opportunity to speak with you today. And just a note of personal privilege, Scot Marciel not only with the MTV EXIT program but also in his time both within EAP and at post has been a real leader on this. I just wish…

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Posted in News

Export fetches US$ 71 bln in first half

18:12 | 09/07/2014

VGP – Export turnover was estimated at US$ 70.88 billion in the first six months, representing a year-on-year increase of 14.9%, said Deputy Minister of Industry and Trade Do Thanh Hai.

Mr. Hai made the announcement at a regular press conference of the MoIT.  

 

The domestic sector earned US$ 23.05 billion, posting a year-on-year surge of 11.5%. Meanwhile, the value of the FDI sector (including crude oil) touched US$ 47.83 billion, up 16.6% against the same period last year.

 

Sales of agro-fishery products in June brought home US$ 1.83 billion, down 5.6% against last month and up 15.8% against the same period last year. In January-June, the products earned US$ 10.78 billion, representing a year-on-year increase of 13.6%.

 

In the sixth month, the group of materials and minerals got US$ 881 million; down 25.9% against last month and 1.7% against the same period last year. They raked in US$ 5.09 billion in the first half, up 2% against 2013.

 

Exports of key commodities surged sharply, in which telephones and spare parts earned US$ 11.68 billion (up 17.1%); garments and textiles US$ 9.26 billion (up 18.2%); footwear US$ 4.84 billion (up 21.9%); furniture US$ 2.89 billion (up 16%); machines and equipment US$ 3.41 billion (up 20.4%) and transport vehicles US$ 2.9 billion (up 12.8%).

 

The MoIT reported that imports were estimated at US$ 12.3 billion in June; decreasing by 3.7% against May and surging  by14.1% against the same period last year.

 

In the first six months, import turnover was around US$ 69.56 billion, up 11% against the same period in 2013, of which the domestic sector spent US$ 30.26 billion (up 10.3%) and the FDI sector US$ 39.3 billion (up 11.6%)./.

 

By Kim Loan

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Posted in Local Activities

Vietnamese tourism market charms foreign visitors

17:25 | 09/07/2014

VGP – Viet Nam’s tourism sector has seen its prestige and brand name rising following its good performance at international rankings over the past six months.

A corner of Ha Long Bay – Illustration photo

The Capital City of Ha Noi entered the list of Top 10 destinations as rated by the world’s largest travel website TripAdvisor.

Ha Long Bay was ranked 4th among eight most beautiful landscapes in the world by mymodernment.com. The UNESCO World Heritage Site earned the 16th place in the list of 26 “places that look like they have been taken out of fairy tales,” according to US-based website BuzzFeed Travel.

The central province of Quang Binh secured the 8th position out of 52 ideal destinations for tourists in 2014, according to New York Times. Son Doong Cave in the province was selected by Business Insider (the US) and  National Geographic (Russian version)  as one of the world’s 12 most impressive cave and world-class venture tours in 2014.

Ba Na cable car ranked third in Top 11 most amazing cable cars in the world, according to a vote of the UK/s Telegraph.  

Three Vietnamese hotels were named in the “world’s best service” list in 2014, including 25 hotels around the world, by TripAdvisor, the world-renowned travelling website. These hotels are Ha Noi  Serene Hotel (12th), Holiday Diamond Hotel in Thua Thien Hue (18th), Essence Ha Noi Hotel (21st).

Thua Thien-Hue was honored to be an ASEAN City of Culture in the 2014-2015 term with cultural heritage like Hue Imperial Citadel and court music.

The British magazine Rough Guides classified the ancient town of Hoi An as one of the 20 most interesting destinations to discover night life globally.

International tourists chose Nha Trang as an ideal destination for summer 2014, according to Price of Travel.

La Maison 1888 Restaurant, located inside the InterContinental Danang Sun Peninsula Resort right in the coastal city of Da Nang, became one of the top four most beautiful restaurants in the world.

The above selections have helped promote image of the Vietnamese tourism industry farther.

In the first half of 2014, over 4.28 million foreign visitors came to the Southeast Asian country, representing a year-on-year increase of 21%. 

The number of domestic guests was 23.4 million, up 7% against the same period last year. The tourism industry earned VND 125 trillion in revenue, posting a year-on-year surge of 22%./.  

By Kim Loan

 

 

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Posted in Uncategorized

Frost & Sullivan: Optimistic Growth in Indonesia’s Machine Tools Market

JAKARTA, Indonesia, July 9, 2014 /PRNewswire/ — Frost & Sullivan is optimistic on growth in Indonesia’s machine tools and cutting tools market due to the individual growth of the mining, power generation, automobile, aerospace & defense industry.

Mr. K Vinod Cartic, Consultant at Frost & Sullivan said that as the use of composite materials in automobile industry increases, diamond tipped tools will also grow faster vis-a-vis cemented carbide tools. Cement carbide tools are heavily used in the mining and power generation industry and steel and steel alloys are mostly used in fabrication of various components.

He also said that the use of intricate components in aerospace & defense industry is expected to promote use of high precision tools.

Mr. Cartic predicts that the machine tools and cutting tools market in Asia Pacific is likely to grow at a CAGR (compound annual growth rate) of 9.1 per cent (2012-2017), to reach revenues worth US$6.36 billion in 2017.

“Developments in infrastructure in China and India have increased the demand for machine tools and cutting tools. China became the world’s largest consumer of machine tools and cutting tools in 2002. In 2012 China also led in production. Rapid development across various industries and investments in infrastructure are the key reason for this growth,” he added.

He also said that many countries depend on China’s consumption to increase their export sales. He added that the growth of the Indian’s economy and its related industries also create a huge potential for investments in the Asia Pacific’s machine and cutting tools market.

Mr. Cartic said that in Indonesia, machine tools import in the automotive sector contributed 45 percent of the country’s total imports, while the remaining came from several other sectors such as oil and gas, or transportation. He said that the majority of imported machine tools are from Japan and China.

He added that the heavy industry market account for the major share in terms of consumption of machine tools and cutting tools, estimated at 57.3 percent globally in 2012. The heavy industry primarily consists of equipment and vehicles used in mining and power generation, he said.

Mr. Cartic also said that nuclear power generates 12.3 percent of the electricity produced worldwide and this is expected to increase in the long term. South East Asian countries like Indonesia, Thailand, Malaysia, and Vietnam are expected to account for 29 nuclear reactors by 2025, he added.

He said that the two most commonly used tools used in the automobile industry are cemented carbide and diamond cutting tools. “Diamond tools are used in the machining of lightweight non-ferrous materials such as aluminum, copper, tin and composite materials. The growing demand for these materials in the fabrication of automobile components is likely to increase the demand for diamond tipped cutting tools,” he added.

“Machine tools and cutting tools manufacturers are likely to benefit from sales boost with production of automobiles likely to increase tenfold in Indonesia, India and China in the next five years,” he said.

He added that the growth of the machine tools and cutting tools market in the Oil &Gas (O&G) industry during the forecast period can be attributed to the increasing oil exploration activity in various regions across the world. Shell, Petrobras, and other major O&G companies are likely to invest in production platforms in countries such as Brazil, Malaysia, and Indonesia.

Mr. Cartic noted said that the global machine tools industry is in the growth stage. The estimated revenue is over US$15 billion and the CAGR between 2014-2017 is expected to be 6.2 per cent. “It is a highly price sensitive market and the market is controlled largely by the top few market participants,” he added.

He also noted that Indonesia became Taiwan’s 6th biggest market for machine tools in the first 10 months of 2012. Taiwan Association of Machinery Industry (TAMI) statistics showed that Taiwan’s exports of machine tools to the Southeast Asia surged 23.5 percent year on year in the Jan.-Oct. period of 2012, during which the island’s total machine tool exports increased 9.2 percent from the same period of last year to US$3.50 billion.

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Posted in Industry

Big retailers flock to VN

16:29 | 09/07/2014

VGP – Several leading regional retailers and famous beverage, fast food and fashion band names have rashly penetrated into and enlarged their market shares in Viet Nam.

Illustration photo

At the beginning of 2014, Japanese corporate retail group AEON officially marked its presence in 

Viet Nam with the AEON Mall Tan Phu Celadon shopping mall. As scheduled, the retailer would expand its foothold in Binh Duong province in Q4.

Viet Nam’s first McDonald’s restaurant was officially opened in early 2014. The chain joined other Western fast food chains already present in the country such as Subway, Burger King and KFC, catering to an increasingly brand conscious local middle class.

Starbucks Coffee Company, the largest coffee chain in the world, intended to open its eighth store in Q3.

American ice cream Dairy Queen made debut in January, 2014 at District 1 in HCMC and plans to open around 60 stores within the next five years.

Marc Townsend, CEO of CBRE Viet Nam forecast that the inflow of international retailers would surge sharply in the coming time.

In 2015, Viet Nam will open its retail market in accordance with its commitments to the World Trade Organization (WTO). This is expected to open the door for more foreign retailers to join the domestic market./.

By Kim Anh

 

 

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