Vietnam Morning News For October 5

VNPT aims to complete IPO in 2019
Vietnamese state-run operator VNPT plans to conduct its scheduled IPO in 2019, in line with the government’s instruction to complete an equitization process by this time.
— Telecomasia.net

Vietnam picks UBS, Saigon Securities as advisors for Vinamilk’s 3.3% sale
Vietnam has hired Swiss financial services firm UBS AG and Saigon Securities Inc (SSI) as advisors for the next stake sale of its biggest listed business, dairy firm Vinamilk.
— DealStreetAsia

Vietnam’s fertilizer import turnovers up 17.8 percent in January-September
Vietnam spent 964 million U.S. dollars importing over 3.6 million tons of fertilizers between January and September, posting respective year-on-year increases of 21 percent and 17.8 percent.
— Xinhua

The betrayal of Vietnam’s forgotten Christians
Exasperated after violent interrogations and round-the-clock intimidation at the hands of the Vietnamese government, Christian Montagnard Y-Man Eban escaped into the forests of eastern Cambodia on July 7, 2015.
— UCA News

Vietnam tops ASEAN with September PMI at 53.3
The headline Nikkei Vietnam Manufacturing Purchasing Managers’ Index (PMI) strengthened to 53.3 in September from 51.8 in August, driven by faster rises in output, new orders, and employment on the back of stronger customer demand.
— VietnamNet Bridge

Canon to hold Canon EXPO & PhotoMarathon
Canon Marketing Vietnam announced on October 3 that it will host the Canon EXPO 2017, the largest exhibition of its kind the company has held in Vietnam, on the occasion of commemorating the 15th anniversary of Canon arriving in the country and its 80-year journey worldwide.
— Vietnam Economic times

Churches in Vietnam, Japan to jointly care for migrants
Church officials from Vietnam and Japan are working to collaborate on how to best provide pastoral care and social benefits to the increasing number of migrant workers and diaspora in both countries.
— UCA News

Pierre Fabre aims to expand in Vietnam
Mr. Steven Conquy, Pierre Fabre’s Asia-Pacific Regional Director, tells VET about the group’s business activities and development plans in Vietnam on the occasion of his first visit to the country.
— Vietnam Economic Times

Vietnam remains world’s No 1 exporter of cashews
The country has been relying heavily on the world’s material market. If the material prices fluctuate, Vietnamese enterprises may fail to fulfill export contracts or deliver products on schedule, and their products may not meet requirements on food hygiene.
— VietnamNet Bridge

Vietnam attracts foreign investment, but technology transfer remains low
One of the major purposes of Vietnam attracting foreign direct investment (FDI) in the last 30 years is to receive technology to be transferred by foreign investors.
— VietnamNet Bridge

Prudential Seeks Sale of Vietnam Consumer Finance Unit for Up to $150 Million-Sources
Prudential Plc has kicked off the sale of its Vietnam consumer finance unit, which could fetch up to $150 million (113.06 million pounds), as the UK firm sharpens focus on its core insurance business in the Southeast Asian nation, people familiar with the process said.
— Reuters/ New York Times

Survey reflects optimistic business outlook for Q4
Việt Nam’s enterprises feel positive about the business climate for the fourth quarter, according to the General Statistics Office (GSO) under the Ministry of Planning and Investment.
— Viet Nam News

High staff turnover a challenge in retail
The retail sector is still an attractive sector for candidates due its creativity and activeness but employers have been facing high turnover rates.
— VietnamNet Bridge

HCMC hospital operates on Marfan syndrome patient
Hospital in HCM City have performed their first ever surgery to reduce the curvature in the spine of a patient with Marfan syndrome.
— Viet Nam News

Vietnam Holding Limited (VNH.L) Jumps Higher For Week
Vietnam Holding Limited (VNH.L) shares have seen strong upward momentum over the past week as they have moved higher 4.82% over the past five sessions, placing them on this week’s winners list.
— Dasher Business review

Vietnam, Malaysia seek to increase value of agricultural products
Vietnam and Malaysia’s agricultural minsters met to discuss measures to facilitate their potential for cooperation, exploit advantages, and create favourable conditions for the promotion of agricultural products from both sides.
— Nhan Dan Online

CJ Group expands into Vietnamese logistics
South Korea’s CJ Group has acquired over 50% of the shipping and logistics subsidiaries of Gemadept, Vietnam’s biggest logistics company, according to filings Tuesday at the Ho Chi Minh Stock Exchange.
— Nikkei Asian Review

Tetra Pak builds packaging factory in Binh Duong
Sweden-based food packaging and processing company Tetra Pak started the construction of its plant worth 110 million USD at the Vietnam-Singapore Industrial Park II in the southern province of Binh Duong on October 4.
— VietnamPlus

Tensions on Korean peninsula may hit Vietnam’s economy hard: Moody’s
Vietnam will suffer one way or another through its close business relationship with South Korea.
— VnExpress

Soc Trang to host business trade link conference
Representatives of businesses from across Viet Nam will gather at the “2017 Trade Links Conference VACOD – Soc Trang” in the southern province of Soc Trang on October 14 and 15.
— Bizhub

Ho Chi Minh City introduces high-tech method of tracing poultry, egg origins
As of Tuesday, smartphones can be used as a tool for Ho Chi Minh City consumers to check a products place of origin when shopping for eggs and poultry in District 1’s Ben Thanh Market.
— Tuoi Tre

Blue chips lift VN Index after three-day fall
Shares rebounded on the HCM Stock Exchange after having fallen for three consecutive sessions, driven by large-cap companies on investors’ hunt for low-priced stocks.
— Bizhub

Bao Viet Insurance introduces cancer and heart coverage
Bao Viet Insurance officially launched its “Outstanding Insurance for Cancer and Heart-related Diseases” in Hanoi on September 28 and Ho Chi Minh City on September 29.
— Vietnam Economic Times

Experts fear as coal ash, slag mounting in Vietnam’s Mekong Delta
Huge mountains of coal ash are looming large in southern Vietnam’s Mekong Delta, experts said at a conference on Tuesday.
— Tuoi Tre

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