04:17 (GMT +7) - Tuesday 23/10/2018


December 28

Released at: 11:19, 28/12/2017 PRESS WATCH

December 28

VET's round-up of news from Vietnamese media for December 28.

Real estate contributing more to GDP

Real estate activities increased 4.07 per cent in 2017, the highest increase since 2011, contributing 0.21 percentage points to Vietnam’s GDP growth of 6.81 per cent during the year, according to the General Statistics Office. Real estate growth was 3.8 per cent in 2011, 1.32 per cent in 2012, 2.17 per cent in 2013, 2.8 per cent in 2014, 2.96 per cent in 2015, and 4 per cent in 2016.

Inland container depot master plan approved

Deputy Prime Minister Trinh Dinh Dung has approved a revised master plan for Vietnam’s inland container depot (ICD) network to 2020 and vision to 2030, with southern facilities to bear the brunt of cargo clearance. The ICD network should be able to handle at least 15-20 per cent of containerized goods, with a total capacity of 4.03-6.84 million twenty-foot equivalent units (TEUs) per year by 2020. The respective figures by 2030 will be at least 25-30 per cent and 12-17.6 million.

Employment on the up

The number of employed individuals in the third quarter was higher than in the second quarter and the third quarter of last year, especially in the manufacturing and processing, construction, and services sectors, according to the latest report from the Institute of Labor Science and Social Affairs at the Ministry of Labor, Invalids and Social Affairs. It released an update on Vietnam’s labor market for the third quarter on December 26, which showed that 53.77 million people were employed during the quarter, up 0.69 per cent against the second quarter and 0.93 per cent year-on-year.

Some projects in North-South Highway to be PPPs

Minister of Transport Nguyen Van The has signed a decision announcing component projects building certain segments of the North-South Highway in the 2017-2020 period. Eight projects will be invested in the public-private partnership (PPP) form with investment of around VND104 trillion ($4.57 billion). State capital will stand at VND40.3 trillion ($1.77 billion).


Vietnam hopes to raise at least $289 million by selling a 12.8 per cent stake in the State-owned electricity generation company EVNGENCO3 through an initial public offering (IPO). The State has stepped up its divestment plan from hundreds of State-owned enterprises (SOEs), partly because of the need to fund its budget deficit and address growing public debt, but progress has been slow. It aims to raise at least VND6.57 trillion ($289 million).

Japan Aomori Food Fair on way in HCMC

Japanese culinary and cultural enthusiasts in Ho Chi Minh City will head to the Japan Aomori Food Fair 2018 early next year in the southern city. Running from January 12 to 14 at the Saigon Center, the Fair will be the third of its kind held in Vietnam, according to the Consulate General of Japan in Ho Chi Minh City.

Stock market and fund certificates valued at nearly $150 billion

The value of Vietnam’s stock market and fund certificates reached VND3,360 trillion ($148.17 billion) in 2017, equal to 74.6 per cent of the country’s GDP. The listing of a number of major businesses attracted both domestic and foreign capital into the stock market during the year. The Ho Chi Minh Stock Exchange said that, by the end of December, market capitalization had exceeded VND2,500 trillion (nearly $110 billion). 

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