13:35 (GMT +7) - Sunday 21/01/2018
Matters at hand

Vietnam Today 21/1/2018

Matters at hand

The issues Vietnam had to tackle in 2017 largely continue into 2018.

Putting a brake on employee turnover

Akebono Brake Astra Vietnam specifically targeted creating a healthy, safe, and comfortable working environment to...

VeriME links with three leading Asian fintech companies

Identity verification and payment authentication solutions provider working with, among others, Vietnam's Cement...

Vietjet co-founder in race for PV Oil strategic stake

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

Jardin des Sens opens in HCMC

French restaurant for gourmet diners opens in District 3, featuring Michelin three-star chefs.

Standard Chartered forecasts 2018 growth of 6.8%

Manufacturing to be primary driver of continued high growth, according to bank's latest report.

Kim Long Nam officially "debuts" in real estate market

Group signs two strategic partnerships that place it firmly within the country's property sector.

HSBC lands top honors in Euromoney Trade Finance Survey 2018

Survey asked businesses engaged in international trade about banks they use and to rate their trade finance services...

Capital Economics: Growth to slow from 10-year high

Hard landing a distinct possibility if risks not addressed, according to Capital Economics' latest report.

Real estate sector short of skilled personnel

Latest Navigos Search report highlights dearth of candidates with skills needed in real estate sector.

Construction underway at OneHub Saigon's Tower 1

Opening expected in early 2019 of first tower at OneHub Saigon in Saigon Hi-Tech Park.

Op-Eds 19/1/2018

JLL playing key role in property M&As

JLL playing key role in property M&As

Ms. Khanh Nguyen, Associate Director of Capital Markets at JLL, shares her insights into mergers and acquisitions in Vietnam's real estate market.

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

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