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December 14

Released at: 10:48, 14/12/2017 PRESS WATCH

December 14

VET's round-up of news from Vietnamese media for December 14.

20 tourism projects licensed in Hanoi from 2016-17

Hanoi attracted 20 projects in the tourism sector during the 2016-2017 period, a report from the Hanoi People’s Committee reveals. Among the projects is a VND4.91 trillion ($216.2 million) hotel, trade center, and apartment complex developed by the Tay Ho View Co, a $70 million multi-function complex invested by the Post and Telecommunication Equipment Co, and a $20 million hotel project financed by the Ho Tay Co.

E-commerce websites must register with MoIT

A website considered an e-commerce website must be registered with or notified to the Ministry of Industry and Trade (MoIT). Such websites are those serving part or whole of the following activities: purchasing and selling goods or providing services, from the display and introduction of goods or services to contract commitments and service provision, payment, and after-sales service. Therefore, almost all websites that sell and introduce goods and provide services on the internet are considered e-commerce websites.

HCMC short of construction sand

Ho Chi Minh City may face a shortage of construction sand and cement in 2020, according to the city’s Department of Construction. Speaking at a conference on construction materials held by the Ministry of Construction on December 12, Mr. Tran Trong Tuan, Director of the Department, said the city is among the localities most affected by a construction sand undersupply and rising sand prices in 2017. Total reserves in Ho Chi Minh City and 19 southern provinces are estimated at 250 million cu m while total demand will amount to more than 366 million cu m between now and 2020.

Economic reform program underway

The Australian Government and the Ministry of Planning and Investment jointly launched Aus4Reform on December 13, a four-year program to boost productivity and competitiveness in Vietnam’s economy. The A$6.5 million ($5 million) program will support the Vietnamese Government to achieve its targets for improving the economy and assist the development and implementation of economic policies, laws, and the institutions critical to helping the economy match its potential. The initiative will also build links between Australian and Vietnamese institutions to share expertise and experience.

Retail market catching attention

Vietnam has been ranked sixth among the world’s most attractive retail markets and named in the Top 30 most lucrative retail markets this year, Mr. Hoang Anh Tuan, Deputy Head of the Ministry of Industry and Trade (MoIT)’s Domestic Market Department, told the recent Vietnam Retail Forum 2017, held by the Association of Vietnam Retailers (AVR) in Hanoi. Mr. Tuan said that according to the Global Retail Development Index (GRDI), released by the US-based A.T. Kearney in June, Vietnam’s retail market has increased significantly in recent years and attracted a large number of foreign merchants.

ATAD opens Dong Nai factory

The ATAD Steel Structure JSC officially opened its second factory, ATAD Dong Nai, at the Long Khanh Industrial Zone in southern Dong Nai province. The factory was built in 15 months (including the office area). ATAD Dong Nai was built in three phases on an area of 151,000 sq m, with a steel structure workshop on 51,827 sq m and a capacity of 8,500 tons per month. In the first phase it received investment of $40 million, built on an area of 8 ha meeting LEED GOLD standards.

ANZ transfers retail banking to Shinhan Vietnam

ANZ has officially announced the transfer of its retail banking to Shinhan Vietnam. From December 15, ANZ Vietnam will suspend ANZ Visa Debit Card and Visa Debit Services, including all cash withdrawals via local and overseas ATMs, all POS transactions and direct debit transactions, and its message notification service. ANZ ATMs will cease to operate sometime between December 11 and 15.

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