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December 26

Released at: 12:05, 26/12/2017 PRESS WATCH

December 26

VET's round-up of news from Vietnamese media for December 26.

SOE equitization to continue in 2018

More State-owned enterprises (SOEs) will be equitized in 2018, following the State’s divestment from the Saigon Beer Alcohol Beverage Joint Stock Company (Sabeco) and the Vietnam Dairy Products Joint Stock Company (Vinamilk). Big names set for equitization include the Vietnam Rubber Group (VRG), the Vietnam National Oil and Gas Group’s Binh Son Refining and Petrochemical Company Limited (BSR), the PetroVietnam Power Company (PV Power), and the PetroVietnam Oil Corporation (PV Oil).

FLC Group to invest in high-tech agriculture

The FLC Group plans to invest $1.5 billion in high-tech agriculture in Vietnam in the 2018-2020 period. Under an agreement signed between FLC and Japan’s Farmdo Company in the north-central city of Thanh Hoa last week, the two sides will cooperate to develop a 4,000-ha high-tech agricultural farm combining solar energy - one of the world’s most advanced models in the sector.

Hanoi launches business information portal

The Hanoi Department of Information and Communications officially launched the Hanoi business information portal (hanoibusiness.vn and hanoibusiness.com.vn) on December 25. It will provide information on the legal environment, the finance and banking sector, the human resources market, and commercial events. It will also help connect companies with markets and partners, especially in the information technology industry in the city.

Cattle feed processing plant under construction in Ninh Thuan

Construction of a high-tech cattle feed processing factory kicked off on December 24 at the Phuoc Tien Industrial Complex in Bac Ai district’s Phuoc Tien commune, in south-central Ninh Thuan province. Invested by the Ninh Thuan Agritech Hi-tech Co Ltd, the factory is built on an area of 11.7 ha at a cost of VND15 billion ($666,600) in the first phase. The company expects to raise its investment capital to VND108 billion ($4.7 million) in subsequent phases, depending on market demand.

ICT revenue up 9.34%

Vietnam’s total information and communications technology (ICT) revenue year-to-date has exceeded VND2,100 trillion ($94 billion), up 9.34 per cent compared to the same period last year, a recent conference held by the Ministry of Information and Communications (MIC) heard. Total ICT revenue includes VND13.9 trillion ($612 million) from media, VND18.9 trillion ($832.5 million) from publications, VND7.5 trillion ($330.3 million) from TV services, and VND20.14 trillion ($887.2 million) from postal services.

Vietnam-Japan Friendship IP being built in Can Tho

The Vietnam-Japan Friendship Industrial Park is being built in the Mekong Delta city of Can Tho to serve Japanese enterprises operating in the city. The industrial park covers 43 ha within the Hung Phu 1 Industrial Park in Cai Rang district, 6 km from the city center. It is being developed by Can Tho city’s Development Investment Fund (Cadif).

Fruit and vegetable exports continue upwards

Fruit and vegetable exports continued to see handsome growth as at mid-December, growing 45 per cent to an estimated $3.34 billion year-on-year. The latest figures from the General Department of Vietnam Customs showed that the top four destinations of Vietnamese goods were China, Japan, the US, and South Korea. In the first eleven months, Vietnam exported $2.4 billion worth of fruit and vegetables, up 54.9 per cent year-on-year.

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