23:00 (GMT +7) - Saturday 18/11/2017
Website, logo of 26th Asia-Pacific Parliamentary Forum launched

Vietnam Today 18/11/2017

Website, logo of 26th Asia-Pacific Parliamentary Forum launched

26th Asia-Pacific Parliamentary Forum (APPF-26) to be held in Vietnam in January.

Quality, not quantity

Craft beer brewers are trying to shape a new culture among Vietnamese drinkers.

Modern branding a necessity

Mr. Le Quoc Vinh, Chairman & CEO of Le Invest (Holdings) Corp., tells VET about Thorakao's branding strategy as it...

VIMO.vn E-Wallet makes shopping easier for Chinese tourists

New intermediary payment unit allows Chinese travelers to use WeChat Pay e-wallets when making purchases in Vietnam.

Vietnam & China pledge to reinforce political trust

President Xi Jinping leaves Hanoi on November 13, concluding his two-day State visit.

Migroup opens Japanese restaurant in Hanoi

Hatoyama to feature seafood caught in the Sea of Japan and brought to Vietnam within 24 hours.

Hanoi cultural heritage festival on way

Cultural program to take place from November 17 to 26 in capital's Old Quarter.

NFSC: 10M credit growth at 13.5%

Figure up from 12.16% in first nine months, National Financial Supervisory Commission reports.

Jardine Cycle & Carriage "mystery" buyer of Vinamilk stake

Singapore-listed company acquires 5.53% for $616.6 million at auction and via open market purchases.

Mobile broadband driving internet growth

Vietnam finally embracing higher access speeds offered by various broadband platforms, according to Reportbuyer.

Savills: Prime office space a relative bargain

Vietnam's prime office space still inexpensive regionally, according to latest Savills report.

Op-Eds 17/11/2017

Solutions needed for waste-to-energy treatment

Solutions needed for waste-to-energy treatment

Mr. Saku Liuksia, Program Manager of Waste-to-Energy and Bio-energy at Finland's Trade and Investment Promotion Agency, tells VET about the organization's operations and projects in Vietnam.

Facts & Figures

$45 billion was held by Vietnam as foreign reserves in the first ten months of this year; a record high. Reserves have increased some $6 billion since the end of last year.

$3.38 billion worth of overseas remittances were sent to Ho Chi Minh City in September, up 12.5 per cent against August. The State Bank of Vietnam’s Ho Chi Minh City branch reported that remittances grew 6 per cent year-on-year. Most came from the US, accounting for some 60 per cent, followed by Europe with 19 per cent.

$2.64 billion in non-performing loans had accrued at banks in Ho Chi Minh City as at the end of September, accounting for 3.9 per cent of all credit in the city and down from the 4.04 per cent recorded in December 2016, according to the State Bank of Vietnam.

$90.5 million is to be invested in the Scenia Bay project in Nha Trang, which was launched by the Nam Tien Lao Cai Corporation on October 15. The project features apartments, hotels, and services.

$88 million in capital for two river dredging projects has been approved by the Ho Chi Minh City People’s Committee in a bid to improve water cargo transport capacity and ease pressure on the city’s congested roads. The two projects will be implemented in District 9 from 2017-2019.

$50 million worth of investment has come for a new plant belonging to Meiko Electronics Vietnam, a major manufacturer of printed circuit boards and electronic assembly. It will lease land and infrastructure at the Quang Minh Industrial Park in Hanoi Me Linh district belonging to TNI Holdings Vietnam.

$15 million will be invested by the Dalat Hasfarm Company for a new high-tech flower and vegetable project in Da Lat, which the Lam Dong Provincial People’s Committee has approved. The project covers 29.4 ha in Phuc Tho commune, Lam Ha district, in the central highlands city.

$1 million is to be put into the VPBank StartUp project, which was launched by the Vietnam Prosperity Bank (VPBank) on October 10 to aid the development of Vietnam’s startup community.

Commodities

Crude Oil: $59.48 ? -0.27%
Copper: $2.64 ? 0.38%
Sugar: $134.30 ? 1.21%
Coffee: $12.05 ? -2.19%
Gas: $2.75 ? 0.00%
Corn: $375.25 ? -1.83%

Source: vietstock

Exchange Rates

Unit: VND

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Source: Vietcombank

Gold

Unit: milion VND/ounce

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Source: SJC

Weather

Hanoi, vn

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Sky is Clear

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BUSINESS SPOTLIGHT

PRESS WATCH

  • November 17
    November 17

    VET's round-up of news from Vietnamese media for November 17.

  • November 16
    November 16

    VET's round-up of news from Vietnamese media for November 16.

Editor’s letter

The Leaders’ Week for APEC 2017 is about to get underway in Da Nang, where leaders from the 21 member economies will discuss regional current affairs and future directions. Vietnam, as host, is more than ready. [...]
VET’s Cover Story this month touches on issues surrounding APEC, which we hope provide readers with diverse perspectives on the most economically-vibrant region in the world Vietnam is ready for APEC, and we are happy and proud to say “Welcome to Vietnam!”(read more)

The Guide this November attends a new music show in HCMC and plans to head to a music festival in Hanoi and a flower festival in Da Lat...