Business

Habeco and Sabeco to list on stock exchanges

Giving into the government’s urging, Vietnam’s two leading beer producers Hanoi Beer, Alcohol and Beverage JSC (Habeco) and Saigon Beer, Alcohol and Beverage JSC (Sabeco) have both registered to list their shares on stock exchanges and received approval.

Slow ODA disbursement hampers Vietnam

Slow ODA disbursement is badly affecting Vietnam's credibility and development according a workshop on ODA programmes.

High arsenic levels found in fish sauce

The Vietnam Standards and Consumers Association (Vinastas) confirmed on October 17 that a survey it conducted nationally found that most fish sauce has arsenic content exceeding permitted levels.

Basic wage of public servants may increase

Consideration is being given to raising the basic monthly wage of public servants to VND1.3 million ($58.3) next year, as recommended by a number of National Assembly delegates.

Central Highlands reduces coffee area

The Central Highlands provinces of Dak Lak, Dak Nong, Lam Dong and Gia Lai have replaced thousands of hectares of unproductive coffee trees with other plants which have higher economic values such as perennial fruit trees, cashew and pepper.

Hanoi restarts USD7bn Red River urban area project

Hanoi’s authorities have restarted the Song Hong City project along Red River with South Korean investors after a 22-year delay.

New Zealand to review FTA with ASEAN

The New Zealand government said that it is to review its free trade agreement with ASEAN, citing a rising number of non-tariff barriers that hinder bilateral trade.

Struggle to reach annual GDP target

Vietnam has lowered its GDP target for this year to 6.3-6.5% from an initial 6.7%.

Vietnam Airlines completes procedures to become joint-stock company

The national flag air carrier Vietnam Airlines has completed procedures to become a joint-stock company, the corporation announced on October 16.

Quang Nam seeks approval to upgrade Chu Lai airport

The central province of Quang Nam has submitted an upgrade plan for Chu Lai Airport to ministry review before it seeks approval from the Prime Minister.

Farmers urged to plant corn, soybeans in lieu of rice

A group of ‘so called experts’ is encouraging farmers in Vietnam to plant crops such as corn and soybeans for use as animal feed in lieu of rice because it will increase gross revenue for the nation collectively.

Safe shrimp production chain for export to be supervised

The Ministry of Agriculture and Rural Development (MARD) has designed a plan to monitor the production chain of safe shrimp for export, aiming to develop shrimp farms to the standards of the World Organisation for Animal Health (OIE).

NA deputies worry over drop in foreign investment in City

The National Assembly delegation of HCM City has asked the city’s People’s Committee why the amount of foreign direct investment has declined this year.

9M international tourist arrivals up 25%

International tourist arrivals to Vietnam in the first nine months totaled 7.265 million, an increase of 25 per cent year-on-year, according to the Vietnam National Administration of Tourism (VNAT).

Vietnam to spend USD1bn on imported fruits and vegetables

It is estimated that USD1bn will be spent to import fruits and vegetables from Thailand and China this year, according to the General Department of Vietnam Customs.

VinaCapital to make splash in UPCom

VinaCapital expects to establish a new fund, the VinaCapital Special Access Fund (VSAF), in November to invest in companies on the Unlisted Public Company Market (UPCoM).

Phan Thiet's real estate market hots up

Phan Thiet City's real estate market is expected to benefit from improved local infrastructure constructions.

ADB supports power transmission improvement in southern Vietnam

The Asian Development Bank and Vietnam have just signed a USD231.3 million loan to enhance the power transmission network in the southern region.

HCM City provides up to VND2 billion for start-up projects

Start-up projects will be provided financial support of up to VND2 billion (US$90,000) sourced from Ho Chi Minh City (HCMC)’s budget for science and technology development activities.

Real estate projects target foreign customers

Beachside and resort properties in Vietnam have huge potential and investors are targeting foreigners and overseas Vietnamese as their biggest customers.

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