11:47 (GMT +7) - Tuesday 25/09/2018


October 27

Released at: 11:27, 27/10/2017 PRESS WATCH

October 27

VET's round-up of news from Vietnamese media for October 27.

Dow Jones names Abbott as healthcare industry leader

Abbott (NYSE: ABT) has been named the leading company in its industry for the fifth consecutive year by the Dow Jones Sustainability Index (DJSI), one of the most prestigious global benchmarks for corporate sustainability and responsibility. As the Industry Group Leader in Health Care Equipment & Services, Abbott is the only US-based company of the 24 recognized for leading their respective global industry groups. In Vietnam, the Ministry of Health has granted an Awards of Excellence to Abbott as an organization and to outstanding individuals in the company for their longstanding contributions to national healthcare.

Nestle to increase prices

Nestle Vietnam has informed the Ministry of Industry and Trade of its decision to increase the prices of seven dairy products from November 1. Weaning foods like Nestle Cerelac Fish & Mixed Vegetables and Nestle Cerelac Oats & Asparagus for infants under 12 months old will rise in price by 5 per cent or less.

HCMC to limit smaller vehicles of transport companies

Authorities in Ho Chi Minh City have told ride-hailing companies Uber and Grab and transportation companies to refrain from adding new vehicles of less-than-nine-seats. The Department of Transport has ascribed the severe traffic congestion in the city to the rapid rise of such vehicles. The city now has more than 7 million motorbikes and around 1 million automobiles.

Dung Quat Shipyard sends LPG tanker to Van Xuan Moi

The Dung Quat Shipyard Company (DQS) has transferred its first locally-made LPG tanker to the Ho Chi Minh City-based Van Xuan Moi company. The tanker was built under a contract between the two sides signed last year. It is 60 meters long and 11 meters wide and capable of loading 1,200 cu m of liquefied petroleum gas (LPG).

New enterprise numbers up 14.6%

Vietnam had over 105,000 newly-established enterprises nationwide in the first ten months of this year, a year-on-year increase of 14.6 per cent, according to the Enterprise Development Agency at the Ministry of Planning and Investment. The new enterprises have total registered capital of over VND1,000 trillion ($44 billion), up 43.8 per cent year-on-year.


The Foreign Investment Agency at the Ministry of Planning and Investment has signed a memorandum of understanding (MoU) with the Indian Business Association (INCHAM) on the occasion of the 45th anniversary of the establishment of diplomatic relations between Vietnam and India.

10M export value up 12.7%

Total export value in the first ten months of 2017 reached $29.76 billion, up 12.7 per cent year-on-year. Export value of major agricultural commodities was estimated at $15.62 billion, up 15.2 per cent, aquatic products at $6.73 billion, up 17.6 per cent, and key forestry products at $6.44 billion, up 9.9 per cent.

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