17:41 (GMT +7) - Tuesday 12/12/2017
Khaisilk faces criminal probe

Business 12/12/2017

Khaisilk faces criminal probe

Trade ministry orders criminal charges against leading silk brand.

First Peer-to-Peer lending platform starts trial

VAY MUON JSC launches trial from December 5.

Carving out a coffee niche

Ms. Kim Hanh Nguyen, CEO of KIM&KIM International, which owns The Yellow Chair - Specialty Coffee, tells VET about its...

Masan Beverage eyes 100% of Vinacafe Bien Hoa

Masan Consumer subsidiary announces plan to increase current 68.5% holding.

HCMC-Zurich direct flights to open

Edelweiss Air to conduct direct flights connecting HCMC and Zurich from next year.

Global HR Forum in Vietnam 2017 set for Hanoi

Global HR Forum in Vietnam 2017 to be held on December 14-15 in Hanoi.

Lazada the top choice for online shoppers

Study by Thailand-based e-commerce company iPrice finds that Lazada is preferred online shopping channel in Thailand,...

Former PVN official Dinh La Thang arrested

Mr. Dinh La Thang was arrested on December 8.

Sumitomo strikes strategic partnership with Vietnamese wood company

An Cuong Working JSC announces strategic investment and development partnership with Sumitomo Forestry from Japan.

Invest Japan Seminar 2017 on horizon

Seminar to introduce business opportunities in Japan to Vietnamese enterprises on December 19 in HCMC.

Abbott now holds nearly 52% of Domesco

Shares of Abbott subsidiary now directly owned by company.

Op-Eds 7/12/2017

Carving out a coffee niche

Carving out a coffee niche

Ms. Kim Hanh Nguyen, CEO of KIM&KIM International, which owns The Yellow Chair - Specialty Coffee, tells VET about its branding strategy and its plans to expand the brand in the future.

Facts & Figures

$7 billion has been spent by the State Bank of Vietnam (SBV) since the beginning of the year to bring foreign currency reserves to $46 billion, according to SBV Governor Le Minh Hung.

$5.3 billion in investment is needed in the Mekong Delta region for green growth from 2016 to 2025, according to the Ministry of Planning and Investment. The investment will be used to implement action plans for green growth in the five Mekong Delta provinces of Ca Mau, Bac Lieu, Soc Trang, Kien Giang, and Hau Giang.

$1.8 billion worth of imported trucks were sold by the Navistar International Corporation to Hoang Huy, its distributor in Vietnam, as the two sides signed a memorandum of understanding that represents the next phase of an already successful relationship between the two to grow their business in Vietnam over the next decade through the sale of new trucks, used trucks, and parts.

$1.76 billion has been poured into 43 projects at the Chan May-Lang Co Economic Zone in the central province of Thua Thien Hue to date. The economic zone’s management board targets attracting an additional 18 projects with total registered capital of $220.1 million next year, in industry, tourism, industrial infrastructure, non-tariff areas, and urban areas.

$663 million in investment is to come from the An Tin Group to build a smart city on Vo Van Kiet Street in the Mekong Delta city of Can Tho. With a total area of 300 ha, half of the project will be residential areas, 25 per cent commercial centers, and the remainder office space for rent.

$40 million has been invested by HQC USA LLC, a member of Vietnamese property developer the Hoang Quan Group, in a mixed-use development project in Tacoma city, Washington, which recently held a breaking ground ceremony. Covering more than 3,000 sq m at 1210 Tacoma Avenue South, HQC Tacoma has ground-floor retail amenities and 166 apartments.

$20 million worth of investment is planned by the Koyu & Unitek Company in developing a second chicken processing factory. The factory is expected to produce some 550 tons of processed chicken each month once operational in 2019. It will export about 1,000 tons to Japan.

$10.6 million will come from the Echigo Vietnam JSC for a high precision mold manufacturing project. The plant will be built on an area of 7,500 sq m with an annual capacity of 240 molds and 100 million accessories.

Commodities

Crude Oil: $59.48 ? -0.27%
Copper: $2.64 ? 0.38%
Sugar: $134.30 ? 1.21%
Coffee: $12.05 ? -2.19%
Gas: $2.75 ? 0.00%
Corn: $375.25 ? -1.83%

Source: vietstock

Exchange Rates

Unit: VND

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GBPNANA
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Source: Vietcombank

Gold

Unit: milion VND/ounce

Province Buy Sell
SJC NA NA
Ring NA NA

Source: SJC

Weather

Hanoi, vn

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BUSINESS SPOTLIGHT

PRESS WATCH

  • December 12
    December 12

    VET's round-up of news from Vietnamese media for December 12.

  • December 11
    December 11

    VET's round-up of news from Vietnamese media for December 11.

Editor’s letter

You have in your hands the last issue of VET for 2017, in which our Cover Story looks at the special relationship between Vietnam and South Korea since bilateral ties were established 25 years ago, on December 22, 1992...
Bells are ringing and lights and trees are brightening up streets and shops from Ho Chi Minh City to Hanoi, signaling the arrival of Christmas and the New Year. Merry Christmas and a Happy New Year of 2018 to all! (read more)

The Guide this December discovers the quintessence of Tonkin, admires foreign architecture, and takes a tour of churches and cathedrals...