02:21 (GMT +7) - Monday 23/10/2017
APEC 2017 Finance Ministers’ Meeting closes

Vietnam Today 22/10/2017

APEC 2017 Finance Ministers’ Meeting closes

APEC Finance Ministers are committed to use all policy tools – monetary, fiscal and structural – individually and collectively to achieve strong,...

H&M to open Hanoi store in November

Second Vietnam store follows on the heels of its HCMC store, which opened in September.

Ba Be - Bac Kan Tourism Week 2017 around corner

Tourism Week slated for October 18 to 23 in northern province of Bac Kan.

CBRE to manage FLC Twin Tower

Real estate consultant assigned manager of mixed-use development in Hanoi's Cau Giay district.

Vincom Retail heads to IPO

Offering to net $620 million to $680 million in total, Financial Times newswire reports.

VNA & Khanh Hoa to work together

National flag carrier and south-central province sign cooperative agreement to assist efforts in promoting investment,...

Hanoi Gift Show 2017 underway

October 17-20 show features 650 pavilions from 250 local and foreign enterprises.

South Korea trade to reach $100 billion by 2020

Conference hears of promising future for Vietnam-South Korea trade as two countries celebrate 25 years of diplomatic...

PwC: Vietnam a rising economy in Asia

Consultant shares insights on successfully investing in Asia's new economic powerhouse at recent conference.

Hanwha Life Vietnam's new premium growth at 47%

$21 million in new premiums year-to-date up 47% year-on-year.

Uber launches first partner support center in Vietnam

Greenlight Hub launched on October 19 in Hanoi.

Facts & Figures

$2.81 billionin investment in eight projects was made at the Dung Quat Economic Zone and other industrial zones in central Quang Ngai province in the first half of this year. There are now 140 valid projects at Dung Quat, 90 of which are already in operation.

$2.1 billionin overseas remittances were sent to Ho Chi Minh City via official channels in the first half, a year-on-year increase of 1 per cent. Most came from the US or Europe.

$1.8 billionworth of animal feed and materials for producing animal feed were imported into Vietnam in the first half, a year-on-year increase of 17.3 per cent and primarily from the US, India, Indonesia, Italy, and Austria.

$1.26 billionin loans are being sought by the Binh Son Refining and Petrochemical Co., the operator of the Dung Quat Oil Refinery in central Quang Ngai province, to expand its capacity, according to a plan revealed by the Ministry of Industry and Trade.

$383.3 millionin investment capital was attracted by the Ho Chi Minh Export Processing and Industrial Zones Authority in the first half, an increase of 39 per cent year-on-year.

$88 millionin contracts at major projects have been signed by the Hoa Binh Construction Group JSC this year. The group has been entrusted with six new large-scale projects with a total contract value of $91.3 million.

$22.7 millionin a syndicated loan agreement has been signed by the Northern Power Corporation under Electricity of Vietnam. VIB will be the focal point for arranging the loan, in cooperation with the Taipei Fubon Commercial Bank, Hanoi branch, and the First Commercial Bank, Ho Chi Minh City branch.

$14.1 millionhas been invested by the District 2 Hospital in Ho Chi Minh City to build a high-tech examination and treatment facility under the public-private partnership model. Construction of the nine-story facility with 100 beds is to commence late this year and operations begin in early 2019.

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)

NA% NA hPa

BUSINESS SPOTLIGHT

PRESS WATCH

  • October 20
    October 20

    VET's round-up of news from Vietnamese media for October 20.

  • October 19
    October 19

    VET's round-up of news from Vietnamese media for October 19.

Editor’s letter

Tax policies and regulations have always been matters of concern not only for the business community but also consumers. Our Cover Story this month looks at proposals to increase taxes and analyses how they would affect businesses and consumers.
The Guide Awards, an annual event held by VET, which publishes The Guide magazine, is to be held on Phu Quoc Island on October 6. On behalf of our Editorial Board, I extend my congratulations to all winners...(read more)

The Guide this October dons a variation of o traditional conical hat, heads to the northern mountains, and breathes in the beauty of Phu Quoc Island...