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September 29

Released at: 12:00, 29/09/2017 PRESS WATCH

September 29

VET's round-up of news from Vietnamese media for September 29.

Digital advertising taking off in Southeast Asia

Southeast Asia is emerging as the next big market for digital advertising, with double-digit growth forecast for 2017 and 2018, according to the latest report from eMarketer. Indonesia, Vietnam, and the Philippines are expected to see strong growth in mobile ad spend in the region, driven by strong smartphone use. Indonesia’s spending is expected to increase 80 per cent this year, while in Vietnam and the Philippines it will double.

IHI Group keen on Hai Phong bridges

The IHI Group has said that through exploring the city’s expansion projects, it sees that Hai Phong will build the Nguyen Trai Bridge and many key bridges to connect the city with northern provinces. The Group wishes to have the opportunity to contribute its accumulated experience to cooperation and the construction of these bridges.

Hanoi in Top 10 fastest-growing travel destinations

Hanoi has made the Top 10 world’s fastest-growing travel destinations list, with a 16.4 per cent annual growth in the 2009-2016 period, according to the MasterCard Global Destinations Cities Index 2017. The capital was placed seventh, up from 13th last year. In 2016, it welcomed 2.94 million overnight visitors whose total spending was $1.1 billion. Ho Chi Minh City ranked 15th, with foreign arrivals growing 11.1 per cent on average since 2009. Osaka led as the fastest-growing city in the world, with 24 per cent, fueled by strong growth in visitors from the US, China, Malaysia, and South Korea.

Danish sportswear maker opens second Vietnam factory

Denmark’s Spectre, which specializes in the field of outdoor sports garment manufacturing, has opened a new factory at the Hoa Xa Industrial Zone in northern Nam Dinh province. The factory was built with 100 per cent investment from its parent company, Spectre A/S. Spectre first came to Vietnam in 2010 as a joint venture with the Minh Tri Co., Ltd, opening a factory in northern Thai Binh province.

Saigon Securities warns of fake apps

Saigon Securities Inc. (SSI) has warned investors against downloading scam programs that could counterfeit the brokerage firm’s apps and steal investors’ information. SSI discovered that the app stores of the world’s largest app providers - Google and Apple - were offering fake software programs developed by scammers to represent financial organizations and steal information from investors who logged in. SSI was reported to have detected a fake app in Google’s App Store, named after the company’s program, SSI Mobile Trading.

Thanh Cong & Hyundai create joint venture

The Thanh Cong Group has officially signed a new joint venture with South Korea’s Hyundai Group to manufacture and distribute commercial vehicles in Vietnam. With the launch of the joint venture, called Hyundai Thanh Cong Commercial Vehicle (HTCV), the Thanh Cong Group has become the only company in Vietnam to manufacture, assemble, and distribute all Hyundai models. Mr. Ik Tae Kim, CEO of HTCV, said that setting up the new joint venture in commercial vehicles is part of Hyundai Motor’s expansion strategy in the global market.

MoIT eases conditions in gas market

The Ministry of Industry and Trade will submit a draft decree to ease the entry of businesses into the gas trading market. The move follows the ministry’s largest single reduction of business procedures in history, abolishing 675 business and investment procedures, or 55.5 per cent of the total. The draft proposes removing business conditions that wholesale gas traders must satisfy as prescribed under Decree No 19, including the number of gas tanks, liquefied petroleum gas cylinders and bottles under their ownership and their business scale.

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