15:04 (GMT +7) - Monday 25/09/2017
Derivatives transactions hit $123mn last week

Banking & Finance 25/9/2017

Derivatives transactions hit $123mn last week

Value in fifth week of trade up nearly four-fold compared to first week.

Supply chain finance a working capital solution for SMEs

Ms. Nguyen Khanh Duong, Trade Product Head at Citi Vietnam and a panelist at the APEC SME Finance Forum, tells VET...

UNDP supporting disaster preparedness education

"Schools of Son Tinh" campaign to promote tsunami awareness and disaster prevention at selected schools around Vietnam.

PNJ's ambition to reach out to Asia

Leading Vietnamese jeweler recognized with two Asian awards.

MoIT & Danish energy ministry release Vietnam Energy Outlook Report

Report provides data analysis to formulate future energy plan.

HAGL bananas now available in China

Supermarkets in Beijing, Shanghai, Chengdu, Zhejiang, and Dalian now stocking bananas from Hoang Anh Gia Lai Group.

Coca-Cola Vietnam opens new EKOCENTER in Dong Thap

Third EKOCENTER in the Mekong Delta and seventh in Vietnam to improve access to safe drinking water by local...

WB & EVN install five solar measurement stations

Measurement stations in Binh Thuan province to more accurately gauge solar resources.

Vietjet to offer VND0 tickets to mark Taiwanese Mid-Autumn Festival

Tickets available on flights from HCMC and Hanoi to Kaohsiung, Taipei, Taichung, and Tainan.

Party watchdog identifies misconduct by senior Da Nang officials

Misconduct, mismanagement, and dishonesty found in Central Inspection Commission's investigations in central city.

Vietnam jumps five places in Global Services Location Index

A.T. Kearney releases 2017 Global Services Location Index, reviewing the offshoring landscape around the world.

Facts & Figures

$2.81 billionin investment in eight projects was made at the Dung Quat Economic Zone and other industrial zones in central Quang Ngai province in the first half of this year. There are now 140 valid projects at Dung Quat, 90 of which are already in operation.

$2.1 billionin overseas remittances were sent to Ho Chi Minh City via official channels in the first half, a year-on-year increase of 1 per cent. Most came from the US or Europe.

$1.8 billionworth of animal feed and materials for producing animal feed were imported into Vietnam in the first half, a year-on-year increase of 17.3 per cent and primarily from the US, India, Indonesia, Italy, and Austria.

$1.26 billionin loans are being sought by the Binh Son Refining and Petrochemical Co., the operator of the Dung Quat Oil Refinery in central Quang Ngai province, to expand its capacity, according to a plan revealed by the Ministry of Industry and Trade.

$383.3 millionin investment capital was attracted by the Ho Chi Minh Export Processing and Industrial Zones Authority in the first half, an increase of 39 per cent year-on-year.

$88 millionin contracts at major projects have been signed by the Hoa Binh Construction Group JSC this year. The group has been entrusted with six new large-scale projects with a total contract value of $91.3 million.

$22.7 millionin a syndicated loan agreement has been signed by the Northern Power Corporation under Electricity of Vietnam. VIB will be the focal point for arranging the loan, in cooperation with the Taipei Fubon Commercial Bank, Hanoi branch, and the First Commercial Bank, Ho Chi Minh City branch.

$14.1 millionhas been invested by the District 2 Hospital in Ho Chi Minh City to build a high-tech examination and treatment facility under the public-private partnership model. Construction of the nine-story facility with 100 beds is to commence late this year and operations begin in early 2019.

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

NABuySell
EURNANA
GBPNANA
JPYNANA
SGDNANA
USDNANA

Source: Vietcombank

Gold

Unit: milion VND/ounce

Province Buy Sell
SJC NA NA
Ring NA NA

Source: SJC

Weather

Hanoi, vn

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Sky is Clear

NA m/s Light breeze

South-southwest (NA)

NA% NA hPa

BUSINESS SPOTLIGHT

PRESS WATCH

  • September 22
    September 22

    VET's round-up of news from Vietnamese media for September 22.

  • September 21
    September 21

    VET's round-up of news from Vietnamese media for September 21.

Editor’s letter

Vietnam’s economy is now moving into the second half of the year. And this is a good time to look back on a promising business field: real estate investment. In our Cover Story this month, we provide readers with a closer look at the real estate sector in general and high-end real estate in particular, to help them, real estate developers, and investors gain greater insights into the sector, which has been considered a “hot” market in Vietnam over recent years...(read more)

FINANCE - TAX CONSULTANCY

The Guide this September took in a folk performance in Nha Trang, marvelled at the impact Vietnam`s scenery has had on many films, and looked out from lighthouses dotting the coastline...