This blog covers global and Vietnam news with a financial economics view, with in-depth analysis.
The author, Mr. Giang Le PhD, is working for an investment fund in Brisbane, Australia.
This blog covers economic news and is updated with high frequency.
3. hoquoctuan.wordpress.com and hoquoctuan.blogspot.com
Tuan writes and co-writes for local newspapers. His WordPress is an aggregate of his articles. His Blogspot is more like a reading archive with occasional comments. Commenting on his blog would trigger in-depth responses.
Tuan is doing his PhD in University of Manchester.
A more trader-oriented blog that mostly covers the author’s analysis on US market, with occasional view on Vietnam environment.
Tri bases in Oregon and his team in HCMC.
A collaborative blog by PG Bank’s Research Group.
I face a few issues ordering items from international online shopping sites:
- Many sellers on Amazon and other online shopping sites (e.g. underarmour.com) do not ship goods to my location
- Many sellers require hard-copy credit card scan sent to them
- Customs and import tax handling
- International supports are often ambiguous, time-consuming, and sometimes costly
- PayPal has issues processing my local bank accounts
eBay.vn (a JV by eBay and PeaceSoft) now offers international transaction service, a solution to my issues.
How it works:
- You find what you need online. Condition: the site allows payment via credit card and/or PayPal
- Click here to place order via eBay.vn
- eBay.vn will order the goods and delivers to your door
- Fee: as for my item, a fee of $15 applied. Import tax & VAT are applied on top depending on the item
I placed an order with them and paid using NganLuong.vn (PeaceSoft’s payment solution, similar to PayPal). Customer service was responsive and nice.
There’s a promotion running, eBay.vn gives VND200,000 coupons to first-time users. Click here to grab it.
There are other similar (and smaller) services, but I put my trust on a company invested by eBay.
You wanna give it a try.
Kingbee Media launched motibee.com, an online networking site for professionals. It is hoped that they can build community of professionals then sell online ads.
My prediction is that their online business won’t turn out as good as what they’re expecting today. Simply put, money doesn’t flow to this niché. Senior level knowledge sharing and deal making are not done online.
It’d be better off if the company goes back to where it is strong: generating revenue from building networks offline. The online channel, at best, serves as a public relation and/or community relation. In short, majority of revenue shall be from offline activities and dealings.
If they insist, I hope I will be proven wrong.
As a foot note, CyVee ceases development and Caravat is officially dead. I’m sure Ms. Thanh Nguyen is planning something else for Anphabe.
CafeF1 reports Baidu has launched 2 sites in Vietnamese language:
The portal vn.hao123.com and Q&A service zhidao.baidu.com.vn
This is part of the localization of Baidu’s existing services to other international markets. Baidu also recruits PM in Vietnam.
I like the portal.
- It’s neat
- It lists the sites that I benefit from knowing
- Lots of white spaces, few images
- Large and pleasant font (Tahoma?). BTW I hate Times & Arial
- In terms of information, I prefer it to vn.yahoo.com and alltop.com (sorry Guy)
- In terms of customization it is nowhere near netvibes.com and iGoogle.com though
- The concern is if I use VNI Vietnamese typing method, the URL messes up
So in short, nice attempt.
The Q&A service will have to compete with Yahoo! Answers. Also, savy.vn is preparing to launch.
The challenge Baidu has in Vietnam is probably public relations.
The quick brown fox jumps over the lazy dog: English – 43 characters
Con cáo nâu nhanh nhẹn nhảy qua chú chó lười biếng: Vietnamese – 50 characters
敏捷的棕色狐狸跃过懒狗: simplified Chinese – 11 characters
- Spent $263 million in 2010 and $208 million in Q1 2011 for marketing. Source: Groupon’s S-1 IPO Filing to SEC
- Spent $203 million in 2010 for acquisitions
- To generate net loss of $413 million in 2010 and $113 million in 2011
It can be profitable TODAY if it decides to
- Cut down marketing activities and rely on word-of-mouth
- Stop international expansion
- Net income would immediately be approximately $381 million, EPS $1.63
However, the scenario is purely hypothetical because international business is already larger than its NA revenue.
Additionally, cash flow looks good
- $7 million free cash flow
- $209 million in cash
- $82 million in accounts receivable while trade credit is $519 million, or 6 times receivables
In terms of numbers, the current cash flow statement is perfectly healthy.
What’s worth the discussion is innovation in business model to generate supreme profits and create barriers to entry.
A technical note: my sensitivity analysis points out the factor that affects valuation the most is market performance.