16:21 (GMT +7) - Saturday 15/12/2018


February 12

Released at: 15:09, 12/02/2018 PRESS WATCH

February 12

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

Rising number of foreign investors receiving trading codes

The Vietnam Securities Depository (VSD) granted some 659 trading codes to foreign investors, including 58 institutions and 601 individuals, in January. It also approved the modification of information relating to 40 foreign investors (eight institutions and 32 individuals) and cancelled three trading codes for foreign investors (one institution and two individuals). The total number of trading codes for foreign investors now stands at 24,162 (3,607 institutions and 20,555 individuals).

Da Nang licenses two projects at Da Nang Hi-Tech Park

The Da Nang City People’s Committee held a ceremony on February 9 to grant investment certificates to two projects at the Da Nang Hi-Tech Park with total investment of $62.2 million. The Da Nang Hi-Tech Park Logistics Services - Trade Center project received total investment of $54.2 million from the Southeastern Asia Hi-Tech Logistics JSC. Construction of the project is scheduled to kick off in the second quarter of this year and is expected to be operational by early 2021.

Quang Binh licenses world’s longest zip-line

The Quang Binh Provincial People’s Committee has approved the detailed plan for the world’s longest zip-line and a world-class tourism complex. The project covers an area of 350,000 sq m, including natural forest, mountains, and the Chay River in Bo Trach district. Once completed, the zip-line and the complex will be capable of serving 1,000 tourists per day.

January fruit and vegetable exports up 37% y-o-y

Vietnam earned $321 million from fruit and vegetable exports in January, up 36.9 per cent year-on-year, the Ministry of Agriculture and Rural Development (MARD) has reported. China, Japan, the US, and South Korea remained the largest importers of Vietnamese fruit and vegetables during the month. Markets with soaring imports from Vietnam were Japan (up 69.3 per cent), the United Arab Emirates (up 56.3 per cent), and China (up 52.4 per cent).

SSI issues convertible bonds

Saigon Securities Incorporated (SSI) has issued convertible bonds worth a total VND1.15 trillion ($50.4 million). No information about the buyer was released, but the bonds, maturing in three years with the coupon of 4 per cent per year, were issued to a foreign institution, which will help SSI expand its network to international markets, in line with its long-term development strategy. Foreign capital accounts for 52.57 per cent of its total.

Mobile phone subscriptions down

The number of mobile phone subscriptions nationwide stood at some 127 million as at the end of 2017, down 2.1 per cent year-on-year. The decline came as telecom providers withdrew unregistered SIM cards, as directed by the Ministry of Information and Communications. They still posted high growth rates, however, with Viettel earning revenue of VND250.8 trillion ($11.04 billion), up 9.4 per cent against 2016.

Tour guide center opens

The Vietravel Travel Company has held a ceremony to announce the establishment of a tour guide center. The first of its kind in Vietnam, the center will provide professional guides for Vietravel’s nationwide network as well as guide services for other businesses. The center will help guides improve their professionalism, bolster team development, protect the legitimate interests of guides, and help State agencies manage tour guide activities.

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