19:03 (GMT +7) - Tuesday 16/01/2018
Grab & Uber drivers protest fare share structure

Business 16/1/2018

Grab & Uber drivers protest fare share structure

Drivers from both companies hold separate protests at both offices.

Ho Tram's The Bluffs jumps up Golf Digest list

Vietnamese course vaults to No. 35 in latest World 100 Greatest Golf Courses rankings.

Hyundai Motor considering plant in Vietnam

Vehicle giant looking at Vietnam and Indonesia in wake of problems in China.

First Mi Store opens in Vietnam

Xiaomi partners with DGW to launch first mobile phone store in HCMC.

Vietnam again fifth in consumer confidence in Q3 2017

Vietnam remained fifth most-optimistic country globally in the third quarter of last year, Nielsen reports.

"I Love Vietnam" photo contest launched

Entries to be submitted before June 10 with winners announced in July.

SBV: $31.5bn in bad debts recovered during last six years

Recovery and resolution of bad debts continue on right track, SBV Deputy Governor tells central bank meeting.

JLL: Supply of southern IPs relatively constant

Latest report notes constant supply of industrial park space in Vietnam's south during second half of last year.

Vietjet co-founder in race for PV Oil strategic stake

Sovico Holding among those registering to pick up shares at January 25 auction.

Ex-HCMC Party Chief cites "impatience" for violations

Dinh La Thang tells court the pressure for project progress led to him acting unlawfully.

Bank tycoon tearful in court

Third day of major banking trial sees accused banker downplay his role in fraud.

Op-Eds 1/1/2018

Where to from here?

Where to from here?

Mr. David Cruickshank, Deloitte Global Chairman, discusses what’s needed for Vietnam to move forward in global trade and investment.

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

NABuySell
EURNANA
GBPNANA
JPYNANA
SGDNANA
USDNANA

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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Sky is Clear

NA m/s Light breeze

South-southwest (NA)

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BUSINESS SPOTLIGHT

PRESS WATCH

  • January 16
    January 16

    VET's round-up of news from Vietnamese media for January 16.

  • January 15
    January 15

    VET's round-up of news from Vietnamese media for January 15.

Editor’s letter

We believe that 2017 was an interesting year for Vietnam and a successful year for its economy, with almost all macroeconomic targets being met[...]
One area where Vietnam’s economy made great strides forward in 2017 was trade, which exceed $400 billion in total. Deputy Prime Minister Vuong Dinh Hue described it as a “miracle”, growing from just $100 billion in 2007, when Vietnam joined the WTO. Pleasingly, Vietnam’s trade balance is in surplus, to the tune of some $3 billion...
Happy New Year 2018! (read more)

The Guide this January looks at the Swedish Embassy`s efforts in the community, applies some natural cosmetics, and travels way out to the northwest mountains...