Vietnam Morning News For December 25

Vietnam Morning News For December 25
Estimated Reading Time: 3 minutes |

Vietnam morning newsTreasury reports strong fiscal year
The Vietnam State Treasury (VNST) has fulfilled its assigned tasks of capital disbursement, monetary injection and strictly managing State Budget expenditures, says its Deputy Director General Nguyen Quang Vinh.
— Bizhub

Biotechnological products seek markets
Domestic and foreign scientists joined business owners at a workshop in the central province of Thua Thien-Hue on December 21 to seek markets for scientific research products, especially biotechnological ones.
— VietnamPlus

Vietnamese SMEs: new target for foreign investors
While multinational conglomerates and large foreign investment funds are looking for opportunities to invest in large companies, other foreign investors are eyeing small and medium enterprises (SMEs).
— VietNamNet Bridge

Switzerland imports over 50 percent shrimp from Vietnam
During the 10-year period (2007-2016), Vietnam was consistently the largest shrimp supplier for Switzerland, accounting for over 50 percent of total Swiss shrimp imports.
— VietnamPlus

PVOil prepares for IPO next year
The PetroVietnam Oil Corporation (PVOil) is completing preparations for its initial public offering (IPO) scheduled for January 25, 2018 in Ho Chi Minh Stock Exchange (HOSE).
— VietnamNet Bridge

After Alibaba, Amazon to arrive in Vietnam
Amazon is pursuing a two-step strategy to enter the Vietnamese e-commerce market.
— Vietnam Time

​Remittance to Ho Chi Minh City to top $5.2bn in 2017: cbank
Ho Chi Minh City is forecast to receive a total inward remittance of around US$5.2 billion in 2017, according to reports by the local branch of the State Bank of Vietnam.
— Tuoi Tre

VN’s forex reserves soar to record-setting $48b
Viet Nam’s foreign currency reserves hit approximate US$48 billion thanks to the country’s stable macroeconomic conditions and strong influx of exports, foreign direct investment (FDI) and remittance, according to State Bank of Viet Nam (SBV)’s Governor Le Minh Hung.
— Bizhub

Infrastructure lifts south HCMC property market
Southern HCM City is becoming very popular with property developers thanks to the many infrastructure works planned for the area.
— VietnamNet Bridge

Maximum credit growth forecast at 18-19 percent in 2017
Maximum credit growth this year is forecast to be just 18-19 percent, meaning that the banking system will not use up the increased room of 21 percent.
— VietnamPlus

Foreign visitor numbers to Vietnam hit 11.6 million in 11 months
The number of foreign arrivals in Vietnam surged by 14.4% to 1.17 million in November, bringing the total number of foreign visitors to the country over 11 months to 11.645 million, up 27.8% on the same period last year.
— NNT

Vietnam to review Uber, Grab legal status
Transport regulations will be reviewed to ensure a fair business environment for firms, Deputy Minister of Transport Le Dinh Tho said at a recent conference to review a two-year pilot project of applying technology in passenger transport, including car and motorbike hailing services, such as Uber and Grab.
— VietnamNet Bridge

Dealing with dud loans
KBank and Vietnam Asset Management Co (VAMC) recently hosted a seminar on ways of handling non-performing loans, “Managing Distressed Assets: Learning from the Past and Progressing toward the Future”.
— The Nation

Foreign funds flock to grab HDBank stocks
Up to 76 foreign investors were granted stock certificates by HCM City Development Bank (HDBank) at a ceremony held at the bank’s head office on Thursday.
— Bizhub

530 SOEs equitized in the last five years
Deputy Prime Minister Vuong Dinh Hue recently signed a decision approving the equitization plan of a number of PetroVietnam’s subsidiaries, including PV Power.
— VietnamNet Bridge

 

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Vietnam morning news by AEC News Today is your one stop source for Vietnam news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies, not politics.

 

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Sreypov Men

Sreypov Men

Journalism intern at AEC News Today
Sreypov Men is currently a senior student at Institute of Foreign Languages where she is majoring in International Relations.
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