18:28 (GMT +7) - Saturday 25/11/2017

PRESS WATCH

October 23

Released at: 15:58, 23/10/2017 PRESS WATCH

October 23

VET's round-up of news from Vietnamese media for October 23.


SolarBK to build solar farm in Da Nang

The leading renewable energy solutions provider in Vietnam, SolarBK, has just received a license to develop a 4.4 MW peak solar farm in central Da Nang city, becoming not only the project owner but also the first Vietnamese engineering, procurement, and construction firm in a solar project. Located on a 6.7-ha site in Lien Chieu district, the project is expected to become operational in the first quarter of 2018 and help cut carbon emissions by nearly 5,000 tons annually. This is a part of SolarBK’s strategy to make Vietnam green.


Quang Tri prioritizing foreign investment

Foreign investors should pay greater attention to the central province of Quang Tri, which is prioritizing foreign investment attraction in the fields of energy, manufacturing and processing, infrastructure, high-tech agriculture, tourism, and services during 2017-2018.


SME Vietnam Network launched

The Vietnam Business Development Center under the Vietnam Association of Small and Medium Enterprises (Vinasme), launched a network on October 21 to connect and support small and medium-sized enterprises (SMEs) in Vietnam, called the SME Vietnam Network.


TotcoToco heading to US

The first TotcoToco milk tea outlet will be opened in the US within the next two months if all goes well, according to Mr. Bui Tuan Anh, CEO of the Taco Vietnam Trading and Service JSC. The brand has now 150 outlets around Vietnam.


2017 trade in surplus so far

As at October 15, Vietnam’s total trade this year was estimated at $325.41 billion, up 20.9 per cent, or nearly $56.35 billion, year-on-year, according to Vietnam Customs. Of the total, exports and imports were $163.25 billion and $162.16 billion, year-on-year increases of 20.2 per cent and 21.7 per cent, respectively. Vietnam therefore recorded a trade surplus of around $1.09 billion in the period.


Vietcombank involved in public bids

Vietcombank will publicly bid for more than 13.2 million shares of Saigonbank, equivalent to 4.3 per cent of charter capital, with a starting price of VND12,550 per share. It will also bid for a total of 6.6 million shares in the Chinfon Cement Corporation (CFC), equivalent to 10.91 per cent, with a starting price of VND11,549 per share.


Defense Ministry announces equitization status

Only 17 military enterprises will have 100 per cent State-ownership while 29 others will be equitized and 20 joint stock military firms will be divested from, the Ministry’s Economic Department announced at a meeting held in Hanoi on October 20 to introduce a project on restructuring and improving military enterprises by 2020.

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