06:14 (GMT +7) - Monday 23/10/2017

PRESS WATCH

October 9

Released at: 14:30, 09/10/2017 PRESS WATCH

October 9

VET's round-up of news from Vietnamese media for October 9.

Big C to end selling home brands

The Big C supermarket chain has announced they will cease selling their own brands. The retail group of Thailand’s Central Group acquired Big C’s 33 supermarkets and ten convenience stores for $1.05 billion.


Construction of Deep C III IZ underway

The Dinh Vu Industrial Zone JSC, backed by leading Belgian port, industrial zone, and green energy group Rent-A-Port, last week started developing its Deep C III Industrial Zone, creating a chain of state-of-the-art industrial zones to capitalize on the northern port city of Haiphong’s emerging investment advantages. With total investment capital of $260 million, the new industrial zone covers a total land area of 520 ha, including an inland waterway port on Haiphong’s Cat Hai Island.


Tetra Pak begins construction of packaging factory

Tetra Pak has commenced construction of a packaging materials factory worth $110 million at the Vietnam-Singapore Industrial Park II A in southern Binh Duong province. The 100,000 sq m factory is the first in Vietnam producing packaging for water-based food. It has a designed capacity of 20 billion units of packaging per year to meet domestic and export demand. Expected to begin commercial operations in early 2019, the factory will produce a variety of packaging formats. This is Tetra Pak’s fourth packaging material factory in Asia, joining others in Singapore, Japan, and India.


Alibaba announces Vietnamese agent

The Alibaba Group has signed a cooperation agreement with the Novaon Internet Corporation and announced Novaon as its authorized agent in Vietnam. Novaon will provide Alibaba.com’s export-import support services and help Vietnamese enterprises access the online business platform. Alibaba.com is a website via which Vietnamese exporters can introduce their products to foreign partners.


HCMC seeks Japanese environment investors

Ho Chi Minh City has asked the Japanese International Friendship Exchange Council (FEC) to help the city connect with Japanese investors with experience in the environment sector to address pressing local issues. Deputy Chairman of the Ho Chi Minh City People’s Committee Le Thanh Liem made the suggestion at a reception for FEC President Yoshihiko Nakagaki in the city.


SBV adopts plan for developing payment cards

The State Bank of Vietnam has issued a plan for the development of payment cards via card-accepting devices for the 2017-2020 period. The plan aims at implementing the project on development of non-cash payments in Vietnam in the 2016-2020 period, according to a decision from the Prime Minister.


Tourism growth target in sight

Vietnam’s tourism sector may realize this year’s goal of 30 per cent growth as assigned by the government, according to the Vietnam National Administration of Tourism. Figures show that Vietnam welcomed over 9.44 million foreign arrivals in the first nine months of this year, up 28.4 per cent against the same period last year and representing 73 per cent of the annual target.

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