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December 14, 2016

Released at: 21:00, 14/12/2016 PRESS WATCH

December 14, 2016

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

Canadian investor joins in $50 million resort project

Canada’s Transwood Investments Limited is partnering Vietnam’s VCCF Ltd. and Tam Khang Binh Dinh Co. Ltd. in a project to build the Maia Quy Nhon Beach Resort in central Binh Dinh province. Under the recently-issued license, the joint-venture company will invest VND1.2 trillion ($50 million) in the 50-year resort project.

Japanese groups join high-end residential buildings

Daiwa House Group, Nomura Real Estate Group, and Sumitomo Forestry Group of Japan and Phu My Hung Company of Vietnam have set up a joint-venture company to develop Midtown, a high-end residential project in Ho Chi Minh City.

HCM City proposes $788 million elevated highway

The People’s Committee of Ho Chi Minh City has asked the Prime Minister to approve the city’s plan to build an elevated highway connecting Tan Son Nhat International Airport with the city center in an attempt to ease traffic congestion on overloaded airport roads. The project is estimated to cost VND18 trillion ($788 million).

Viettel to abolish roaming charges within VN, Laos, Cambodia

Viettel, one of Vietnam's largest mobile network operators, will abolish all roaming charges applied on subscribers of Metfone (Viettel in Cambodia), Unitel (Viettel in Laos), and Viettel in Vietnam. As from January 1, 2017, phone calls among Viettel’s subscribers in the three countries will be subject to Vietnam’s domestic rates.

US remains Vietnam’s biggest catfish importer

By importing more than $360 million worth of catfish, accounting for over 20 per cent of Vietnam’s catfish export value in 2016, the US remains Vietnam’s biggest catfish importer, said Minister of Agriculture and Rural Development, Mr Nguyen Xuan Cuong at a conference on catfish production and trade held in southern An Giang province on December 14. The Minister added that in 2016 Vietnam’s catfish was sold in 140 markets worldwide, four markets more than a year ago.

Country makes $29.8 billion exporting phones to US

The country earned $29.8 billion from the export of phones and devices between January and November, a year-on-year increase of 10.7 per cent. The US has surpassed the United Arab Emirates, which was Vietnam’s largest phone importer in previous years, with an export value of $3.47 billion. Phones and other devices continue to lead the country’s export value, bringing in 19.7 per cent of the total export turnover.

UPCoM has nearly 400 companies

Vietnam's unlisted public company market (UPCoM) has by now 388 companies including big names such as Masan Resources (MSR), Viet Tien Garment (VGG), Gelex (GEX), Viglacera (VGC), Vissan (VSN), and Habeco (BHN). As many as 320 shares have been listed at the Ho Chi Minh City Stock Exchange and 375 at the Hanoi Stock Exchange./.

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