Vietnam Morning News For November 28

15 VN banks listed among Asia Pacific’s strongest
Fifteen Vietnamese banks have recently been named in The Asian Bankers’ AB500 ranking and survey of Asia Pacific’s strongest banks.
— Bizhub

VN’s retail sales to touch over $1.9 trillion
The revenue of Viet Nam’s retail sales market will reach over VND11 quadrillion (US$484.58 billion) by 2025 and nearly VND44 quadrillion ($1.938 trillion) by 2035.
— Bizhub

Petrolimex to sell diesel under Euro standard 5
Việt Nam National Petroleum Group (Petrolimex) will begin selling diesel under Euro 5 standard, the highest quality of the product in Việt Nam, from the beginning of 2018.
— Viet Nam News

Foreign investment to Vietnam surges 82.8 pct in 11 months
Vietnam has so far this year enticed roughly 33.1 billion U.S. dollars in foreign investment, gaining a year-on-year rise of 82.8 percent, the country’s Foreign Investment Agency said on Monday.
— Xinhua

Korean pear exports to Vietnam surge to $4.96M
Korean exports of pears and apples to Vietnam have soared in the past years, according to the Korea Agriculture Food Trade Association.
— Fresh Plaza

Ministry inspects Samsung Vietnam over worker mistreatment
Nguyen Tien Tung, chief inspector at the Ministry of Labour, Invalids and Social Affairs, said they had sent two teams to inspect Samsung’s factories in Bac Ninh and Thai Nguyen provinces.
— VietnamNet Bridge

Vietnam Sheds Its Minnow Status
Four years ago, the Ho Chi Minh City Stock Exchange traded just $50 million of equities a day, while activity in Manila was five times as brisk.
— Bloomberg

Vietnam: Garment firm Quang Viet to take 42% in King Hamm for $11m
Quang Viet Enterprise Co Ltd, a garment manufacturer headquartered in Taiwan, announced last week that it plans to participate in a rights issue by King Hamm Industrial Co Ltd.
— DealStreetAsia

Vietnam to spend 1.3 bln USD developing tourism infrastructure
The Vietnamese government has approved a target program on developing tourism infrastructure till 2020, with investment of over 30,664 billion Vietnamese dong (1.3 billion U.S. dollars).
— Xinhua

Vietnam to spend over US$1 billion for upgrading three airports
The CAAV said that the money would be spent at Cat Bi Airport, which is 70 kilometers from Ha Long Bay; Phu Bai Airport just outside the former royal capital Hue; and Chu Lai Airport, 77 kilometers south of Hoi An.
— VietnamNet Bridge

ADB launches report on progress of PPP environment
The Vietnamese Government is set to rein in the role of the State in the economy and encourage private sector-led growth.
— Viet Nam News

Vietnam’s instant noodle giants
Vietnam saw recovery in the consuming of instant noodle with a total 4.9 billion packages consumed in 2016, up 2.5 per cent on-year, making Vietnam the fourth largest consumer country in the world, following China, Indonesia, and Japan.
— VietnamNet Bridge

Ho Chi Minh City gets its own rules
The National Assembly last week adopted a long-awaited resolution on specialised policies for Ho Chi Minh City, marking a historic breakthrough for the city to continue taking the lead in the Vietnamese economy.
— VietnamNet Bridge

McDonald’s arrives in Hanoi
The world’s leading fast-food retailer, McDonald’s, will open its first restaurant in Hanoi, at 2 Hang Bai Street, on December 2.
— Vietnam Economic Times

Logistics industry looks towards impending growth
Increasing competition among private and foreign enterprises shows the market’s attractiveness towards suppliers and the potential for development in the growing Vietnamese consumer market.
— Bizhub

Lotte to open second duty-free shop in Cam Ranh airport
Lotte Duty Free, the travel retail company of the Republic of Korea on November 27 announced that it will open the second duty-free shop in Cam Ranh airport next year.
— VietnamPlus

Vietnam, India eye textile cooperation
There is a lot of potentials for cooperation between Vietnam and India in the textile and garment sector, a Vietnam-India business meeting heard in Ho Chi Minh City last week.
— VietnamPlus

E-commerce growth among world’s highest
Sales of groceries through e-commerce platforms grew 30 per cent in the 12 months to March 2017, according to “The Future of E-commerce in FMCG” report from Kantar Worldpanel, released on November 27.
— Vietnam Economic Times

Maintaining stability of foreign currency market
Since the beginning of the year, the exchange rate and the foreign currency market have remained stable, positively contributing to achieving the targets of macroeconomic stability and import restrictions.
— Nhan Dan Online

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