Special services attract customers amid economic difficulties

While hundreds of businesses go bankrupt or face financial hardship some of the more unique parts of the service industry have been faring quite well. Plucking grey hairs, a new service Services such as plucking grey hairs, taking care of domestic animals and leasing virtual offices have seen no shortage of customers. Le Trung Tin, Director of an event organising company in Ba Dinh District, Hanoi, said his firm has targeted wealthy families for weddings, funerals, birthdays and other ceremonies during the economic downturn. The company charges between VND3-5 million (USD142.8-238) to plan parties and also offers event consulting services. 'Virtual offices' have also become a trend among businesses. Le Cam Ha, of My Dinh new urban area, Tu Liem District, shared, "Virtual offices are relatively new in Vietnam, mainly serving start-up businesses that are able to do most of their work online. Many foreign companies also use this service to open new branches. Virtual offices are managed by IT and leased at VND1-2 million (USD47.6-95.2) per month. The service often includes receptionists, fax system and other conveniences. These offices also provide support services, such as business registration certificates, tax declaration support and free web design." A number of hairdressers have started to offer hair plucking services to get rid of grey hair. For many this has become their main business. Vu Hai Minh, owner of hairdresser on Van Cao Street, Ba Dinh District, said that she had to hire extra staff to provide the service to the middle-aged customers. Although the prices are not high, the number of customers has made it profitable. Minh hopes to focus on hair plucking to make up for the decline in demand for other services. Pet care has also been taking off, particularly in the summer as families go on holiday. Prices depend on the the animal's weight; VND90,000 (USD4.28) for an animal weighing 1-10kg, VND130-150,000 (USD6.17.1) for 10-15kg and VND180,0000-200,000 (USD8.57-9.52) any animal over 15kg. Higher fees can be charged for extra care, such as better quality food, daily walks, playgrounds and even air-conditioned rooms. The companies also provide beauty care for the animals such as nail clipping and feather dyeing. Vietnam tours
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Apple fined $2.29 mln over Australian \'4G\' iPad

Apple was Thursday fined Aus$2.25 million (US$2.29 million) for "deliberately" misleading Australian consumers about the local 4G capability of its next-generation iPad. This file photo shows customers lining up outside an Apple store in Sydney, in March. The tech giant was also ordered to pay Aus$300,000 in costs by the Federal Court in a case brought by regulators. Justice Mordy Bromberg found that Apple misled people with claims in its advertising implying that the "iPad with WiFi + 4G" could connect with fourth generation cellular networks in Australia, when it could not. The judgement ruled that the company engaged in conduct liable to mislead the public and contravened Australian consumer law. "The conduct concerned was deliberate and very serious," Bromberg said. "It exposed a significant proportion of Australian consumers of tablet devices to a misleading representation." Apple offered in March to refund customers who felt they had been duped, and to publish a clarification about the popular tablet's capabilities. The product is now advertised outside North America as "Wi-Fi + Cellular" -- a change that came into effect on May 12 -- with a clear caveat on its Australian site that "it is not compatible with current Australian 4G LTE and WiMax networks." Earlier this month, the company agreed to settle the case with the Australian Competition and Consumer Commission, which initiated the proceedings. But Bromberg had refused to make an official ruling until he had details on how many iPads had been sold and were returned under the refund offer and further information on Apple's financial position. He said Thursday the risk of contravening Australian consumer law would have been "reasonably obvious" to Apple. "In that context, and in the absence of any other explanation, the facts to which I have just referred suggest that Apple's desire for global uniformity was given a greater priority than the need to ensure compliance with the Australian consumer law," he said. "Conduct of that kind is serious and unacceptable." The iPad was the world's best-selling tablet in the first three months of 2012, outgunning its Android-powered rivals, with sales more than doubling from a year earlier to send Apple's profits soaring. Vietnam tours
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Stricter rules for low-income housing

Low-income houses will be occupied if the buyers or renters do not move in within three months. Low-income houses will be occupied if the buyers or renters do not move in within three months. The Hanoi People's Committee has recently revised regulations on sales, leasing and use of low-income housing in urban areas. Purchasers will be required to submit a commitment to occupy their homes along with photos of family members before signing a contract with low income house project developers. Potential buyers or lessees must receive their salary from the State budget and be registered as a temporary or permanent resident in a district in the city of Hanoi. The tighter regulations are aimed to deal with the increasing number of fraud cases in the low-income housing market. During an online forum, the Minister of Construction, Trinh Dinh Dung, said, despite the slump in the real estate market, prices remain out of the reach of many people. The Government is making plans to assist low-income households. The Government will also use public funds to construct apartment complexes and take steps create conditions to encourage investors to build affordable housing. Vietnam tours
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Hynix enters SSD business

Hynix, a well-known Taiwanese memory maker, has finally decided to enter the SSD business, which is not a surprising decision given that the company makes own memory chips. So here's the first Hynix SSD drive – the SH910 – which comes in a 2.5-inch form factor and a thin chassis – just 7 mm – all based on the company's own MLC NAND flash memory. The Hynix SH910 also features the infamous SandForce SF-2281 controller, SMART, TRIM and NCQ technologies and (!) 128-bit AES encryption – note that due to the problems with 256-bit encryption the SandForce SF-2281 controller is no longer labelled as supporting 256-bit encryption. Hynix SH910 SSD Size-wise the SH910 SSD comes in just two models – with 128 GB and 256 GB capacity that sport 60 000 and 35 000 IOPS (reading/writing), while transfer speeds reach 520 MB/sec and 500 MB/sec respectively. Sadly, Hynix did not disclose any information on pricing and market availability. yen sao hitech review hue tourism vietnam weight loss cute girl dac san hue how to solve rubik how to tie a tie how to be pregnant how to cv what is fashion trends visit vietnam ky nang ban hang kinh doanh quoc te ngu phap tieng anh de thi dai hoc luan van ngan hang luan van thac sy bao cao thuc tap Quan tri kinh doanh Anh van giao tiep Bao cao thuc tap ke toan Bao cao thuc tap khach san Luan van bao chi Luan van van hoc Luan van sinh hoc Luan van hoa hoc Bao cao thuc tap xay dung Bao cao thuc tap co khi Bao cao thuc tap cong nghe thong tin Bao cao thuc tap nhan su Bao cao thuc tap quan tri kinh doanh De an giao duc
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Investors flagrantly abuse insider trading loopholes

Lax management of the local securities market is creating opportunities for investors to violate the law. Investors abuse insider trading loopholes On June 7, the HCM City Stock Exchange fined Sai Gon-Asia Financial Investment JSC, Sacombank shareholder Tran Phat Minh and Sai Gon-Exim Company VND60 million (USD2,874) each for buying Sacombank's shares without making a public announcement. These trades made them become Sacombank's biggest shareholders. With investors and other shareholders still in shock because of lax penalties, they received another blow when hearing the news that Sai Gon-Asia Financial Investment JSC, shareholders Tran Phat Minh had sold their stocks without making a mandatory disclosure again on June 12. Sai Gon-Asia Financial Investment JSC sold about 900,000 shares and individual shareholder Tran Phat Minh sold 876,000 shares. With the changes, Minh and Sai Gon-Asia Financial Investment JSC stocks dropped to below 5%, and were no longer Sacombank major shareholders, meaning they can sell their remaining shares without making a public announcement. Answering the criticisms of being slow, the HCMC Stock Exchange said Sacombank's legal representatives had not responded until May 29. However the management agencies took no action during three months of blatant transactions that raised suspicions among the investors. By the end of March, the HCMC Stock Exchange fined the chairman of Hanoi Investment General Corporation, Dinh Hong Long, VND40 million (US1,916) for allegedly selling his shares in secret. In 2011, Long sold nearly 1.4 million shares, sending the price of company shares down from VND20,000 (USD0.96) to VND1,600 (USD0.08). Many companies' shareholders also violated the same laws such as the major shareholder of Khanh Hoi Import-Export JSC who bought 264,940 shares or the head accountant of Hanoi Maritime Holding Company who sold 100,000 shares. Sacombank also recently bought 1,041,500 shares from the SPM Corporation and became its major shareholder. A shareholder of Ba Ria-Vung Tau Urban Development and Construction Corporation sold 120,000 shares before the company's registered information for online transactions was announced. However the fines for these cases are considered too low. Vuong Dinh Hue, Minister of Finance ordered the city's Stock Exchange to provide a report of the problems. He said punishments would also be delivered to state agencies which were slow in dealing with the issues. Investors who have complained of these types of transactions for many years, welcomed the news. They want their rights to be protected in such cases. Currently, the maximum penalties for manipulating stock prices and for internal transaction is VND300 million (USD14,374), while misleading or concealing information is VND500 million (USD23,957). But in reality, the penalties are only counted in the tens of millions of VND which is too small compared to the profits the violators earn. Many investors have proposed that profiteers using insider information should face prosecution. Vietnam tours
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City’s tourism dept says hotels are struggling

The number of inbound tourist arrivals in HCM City picked up slightly in the early months but hotels are struggling with lower occupancy rates, said a report of the HCMC Department of Culture, Sports and Tourism. International tourists take a walk in HCMC. Hotels in the city are struggling with occupancy rates at three- to fi ve-star hotels averaging out at only 67% in the early months In particular, the number of international arrivals is estimated to reach 1.82 million in the first half of 2012, rising 10% year-on-year. However, hotels are facing more challenges, with the average occupancy rate at three- to five-star hotels only reaching 67%, versus 70% in the year-ago period. The tourism department said room rates at the HCMC-based three- to five-star hotels in the year's first half average out at VND1.95 million per night, or US$94, largely unchanged from that in the same period in 2011. Tourist accommodation service providers run into more problems than last year due to surging input costs including higher prices of power, water and specialized materials at hotels, coupled with higher salaries and interest rates. Meanwhile, hotels have to keep their room tariffs unchanged or even quote lower prices to lure customers. The HCMC Tourism Association shared the same view on the troubled hotel sector. In addition, the association expressed a not-so-optimistic view on the travel sector. Specifically, the domestic tourism has yet to achieve any significant growth although the tourism stimulus program has been carried out. "This time last year, everyone was proudly talking about their growths, but this year enterprises are bemoaning decline in the number of customers," said Nguyen Thi Khanh, vice chairwoman of the tourism association. Similarly, Nguyen Viet Hung, general director of Fiditourist, said the travel business of his company plunged drastically in the first two months of the year with a sharp drop in the number of customers. The company cannot comment on the summer tourism season yet. "Thanks to Reunification Day on April 30 and International Labor Day on May 1, our company recorded growth in the first half of 2012, but the outlook for the whole year is not so positive. We are cutting operational costs and developing niche markets to carry on," Hung told the Daily. Vietnam tours
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Retailers ignore price listing rule

The pilot system for street trading requiring the use of listed prices on Ba Trieu Street, in Hanoi, seems not to have been effective, as many retailers have ignored the regulation. Not all clothes have a price tags District authorities have informed all local traders about the programme. Since June 15 any stores caught violating the new rules will be subject to administrative sanctions. Still, on the afternoon of June 16, many stores had failed to comply. Large stores in the commercial centre have been quick to list prices of their products, while a number of smaller stores used price tags but did not honour them. Numerous clothes shops on the street did not even bother putting on false price tags. Shop owners claimed that their items were so cheap that they did not require tags, and that it would be too labour intensive to use them. The owner of a coffee shop where drinks were listed but food was not, said "Food prices fluctuate all the time. We'd have a lot of trouble explaining to customers why prices have gone up if we added prices to the food menu." One furniture store on Ba Trieu Street priced their items in chalk. Others hung signs outside with one price for all products. However, once inside, prices varied, and some were not marked at all, leaving customers to bargain. Stores selling expensive items like motorbikes were also in violation of the regulation. A bike shop owner at 190 Ba Trieu Street said, "We are waiting to see how other shops react to this new regulation. However, listing prices isn't an effective way to protect consumers. Prices among shops selling same products can differ anywhere from tens of thousands of VND to several of hundred thousand. If customers don't shop around they will end up paying high prices." A shop owner who sells roasted peanuts also complained about the rule, saying, "Even though we sell the same thing every day, prices differ between wholesale and retail sales. They also depend on whether the order is for delivery or not." Vietnam tours
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