Vietnam Morning News For December 26

Vietnam Morning News For December 26
Estimated Reading Time: 3 minutes |

Vietnam morning newsSBV wants ATMs to run efficiently before Tet
The State Bank of Viet Nam (SBV) has asked the relevant agencies to ensure all automatic teller machines (ATM) are operational in the months approaching Tet (Lunar New Year) holiday, when there is high demand for cash transactions.
— Bizhub

Vietnam instant noodle market controlled by three big brands
Fifty instant noodle manufacturers exist in Vietnam, but the market is controlled by three big players, namely Acecook, Asia and Masan.
— VietnamNet Bridge

Typhoon Tembin moves from Philippines to Vietnam as death toll rises to 230
Hundreds of thousands of people in Vietnam’s Mekong Delta have been evacuated as the region braces for the arrival of Tropical Storm Tembin, which left more than 230 people dead in the Philippines.
— ABC News

Condotel oversupply due to massive investment
While investors remain optimistic about condotels, seeing promising profits, experts are concerned about the rapid development of the real estate product.
— VietnamNet Bridge

VIB issues certificates of deposit in Vietnamese dong
The Vietnam International Bank (VIB) has issued certificates of deposit (CD) in Vietnamese dong with attractive interest rates up to 8.7 per cent per year.
— Bizhub

Vinacomin sets to sell 36 million tonnes of coal in 2018
The Vietnam National Coal and Mineral Industries Corporation (Vinacomin) set a goal of selling about 36 million tonnes of coal in 2018, up 2.5 million tonnes compared to 2017.
— VietnamNet Bridge

The first Issuing of JCB Ultimate Credit Card in Vietnam
Sacombank, one of the largest commercial banks in Vietnam and JCB International Co. Ltd. (JCBI), the international operations subsidiary of JCB Co., Ltd. (“JCB”), today announced the launch of Sacombank JCB Ultimate Credit Card in Vietnam.
— Asia One

Shoe industry gears up to go hi-tech
A dramatic change in market trends and the “fourth” industrial revolution are forcing Vietnamese enterprises to gradually apply new technologies to production.
— Bizhub

Fruit, vegetable exports hit US$3.34 billion by mid-December
Vietnam’s vegetables and fruits by mid-December continued to enjoy a rosy export growth, earning an estimated US$3.34 billion, up 45% from the same period last year.
— Nhan Dan Online

Rice exports beat low expectations in 2017
Contrary to pessimistic forecasts earlier in 2017, after a drop in 2016, the country’s rice exports had a successful year in 2017, with some higher-than-expected figures.
— Bizhub

VNPT to auction shares in five companies
The Vietnam Posts and Telecommunications Group (VNPT) has announced the auction of shares in five of its companies, with earnings estimated at more than VND1 trillion ($44.05 million).
— Vietnam Economic Times

M&A in real estate sector to increase in 2018
Merger and acquisition (M&A) deals in Vietnam’s real estate sector are forecast to increase in 2018, driven by the market’s significant potential, experts said.
— VietnamPlus

Vietnam, China set up “golden” logistics corridor
Vietnam and China are strengthening railway cooperation, the Nanning Railway Bureau at the Guangxi Zhuang Autonomous Region affirmed on December 23.
— Nhan Dan Online

Japan’s Mitsubishi Group invests 30 million USD in HCM City’s green property
The Diamond Lotus Riverside Complex in District 8, Ho Chi Minh City will be built in accordance with green construction standards with 30 million USD in investment from the Japanese Mitsubishi Group.
— VietnamPlus

Vietnamese conglomerates fall into Thai hands
Besides Sabeco, a number of other leading Vietnamese enterprises in key business fields have been put under Thai control.
— 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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