[Round-up] Vietnam Prez Concludes India, Bangladesh Visits; PM to Tour NZ, Australia

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President Tran Dai Quang Concludes India, Bangladesh Visits
President Tran Dai Quang, his spouse and a high-ranking delegation arrived in Hanoi on March 6 night, successfully wrapping up their state visits to India and Bangladesh from March 2 to 6.
Vietnam PM to Visit NZ, Australia on March 12-18
Prime Minister Nguyen Xuan Phuc and his spouse will pay official visits to New Zealand and Australia on March 14-18 at the invitations of his respective counterparts Jacinda Ardern and Malcolm Turnull, the Ministry of Foreign Affairs said.
Vietnam, Russia Agree to Further Strengthen Military Technical Cooperation
Vietnam and Russia have agreed to strengthen the two countries’ military technical cooperation and their defense partnership.
The agreement was reached during a March 6 meeting between Deputy Minister of Defense Be Xuan Truong and Russian Deputy Director of the Federal Service for Military Technical Cooperation Vladimir Nikolaevich Drozhzhov, who are chairmen of Vietnamese and Russian subdivisions, respectively, of the Vietnam-Russia Inter-governmental Committee on Military Technical Cooperation.
Minister: CPTPP Vital to Sustainable Development in Vietnam
The Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) Agreement would be a vital deal in utilizing free trade and ensuring sustainable development in Vietnam, said Minister of Industry and Trade Tran Tuan Anh.
Therefore, economic sectors should prepare and take the initiative in economic restructuring in order to maximize the pact, which is scheduled to be inked in Chile on March 8 (local time) by ministers from its 11 member countries, Anh told the Vietnam News Agency (VNA).
The pact is scheduled to be inked by ministers of the 11 member countries in Chile on March 8.
Deputy PM Hosts Sumitomo Mitsui Bank’s Senior Official
Deputy Prime Minister Vuong Dinh Hue received in Hanoi on March 5 Shosuke Mori, head of the Sumitomo Mitsui Banking Corporation (SMBC)’s Asia Pacific Division, describing the bank as an effective credit channel and a gateway for foreign investors, including those from Japan, to enter Vietnam.
The SMBC, one of the largest and oldest banks in Japan, is pursuing the new “Asia-centric” strategy which seeks to strengthen its business in Asia and Vietnam is an important part of the strategy, Mori told the Deputy PM.
HCM City Leader Receives Singaporean, Australian Investors
Ho Chi Minh City has numerous projects open for foreign investment, Secretary of the municipal Party Committee Nguyen Thien Nhan said at a reception for investors from Singapore and Australia who came to explore investment opportunities in the city on March 6.
They include six resettlement projects, upgrades to 50 old apartment buildings and construction in Thu Thiem urban area.
U.S. Major Project Marks Good Start in 2018 for Footwear Industry
Skechers USA, a major footwear maker based in California, is studying a plan to invest in Vietnam in a project that probably needs 20,000 workers. The project marks a good start for the local footwear industry after a slowdown in 2017, according to VNA.
Skechers, a heavyweight rival to two global footwear brands – Nike and Adidas, sold more than 200 million products last year and now seeks to shift investment from China to Vietnam.
Vietnam Joins Foodex 2018 in Japan
Up to 20 participating businesses come from cities and provinces with strength in agro-fisheries such as Ho Chi Minh City, Hanoi, Nghe An, BacGiang, NinhBinh, Dong Thap, Ben Tre, Can Tho, KienGiang, Lam Dong and Ca Mau.
On display are Vietnamese specialty fruits, vegetables, processed aquatic products and fish oil, organic pepper, seedless lemon, rice-derived food, cakes and fruit drinks.
PV OIL Starts Trading on UPCoM
PetroVietnam Oil Corporation (PVOIL) started trading its 200 million shares on the Unlisted Public Company Market (UPCoM) on March 7 under the code OIL, at a starting price of 20,200 dong ($0.89). The shares jumped 25% in the morning session.
PVOIL is PetroVietnam‘s next arm to trade on UPCoM this month after PV Power and Binh Son Refining and Petrochemical (BSR).
State Aims to Raise $12.5 Million from Vinawind IPO
The Vietnamese government has decided to offload 46.9 per cent stake, equivalent of 6.7 million shares, in Thong Nhat Electromechanical JSC, known for its Vinawind brand of ceiling fan, in an auction scheduled on March 12.
At the starting price of 42,400 dong ($1.8) per share, the government targets to book proceeds of at least 284.3 billion dong ($12.5 million). The auction is scheduled to take place on March 30 at Hanoi Stock Exchange.
Go-Jek Said to Be Eyeing Vietnam as Next SE Asian Market for Foray
Indonesia’s ride-hailing giant Go-Jek is said to be in the process of recruiting professionals in Vietnam to drive its entry into its second market in the Asean region, according to industry sources aware of the development.
With a population of around 93 million and about 45 million motorbikes owned in the country, Vietnam is seen as an alluring market for bike-hailing services. It is also a lower cost option for expansion when compared to neighbors Singapore and Malaysia.
Vietnam’s FMCG Grows 5.4% in 2017 despite Slowdown in Q4
Vietnam’s fast-moving consumer goods (FMCG) market, measured in traditional trade channels, in 2017 increased 5.4% year-on-year, compared to 4.9% in 2016, despite a dip in the last quarter of the year, a report has shown.  
Central Group Plans $1.5-Billion for Store Expansion in Thailand and Vietnam
Central Group, Thailand’s largest retailer, plans to invest some $1.51 billion to expand its store network at home and in Vietnam this year, in a bid to boost sales by 14% in the same year, its Chief Executive Officer Tos Chirativat was quoted by Reuters as saying on Monday.
The group aims to raise its network to over 7,500 stores in Thailand by 2020 from the current 4,970, and add more than 500 stores to reach around 750 stores in Vietnam in the same period.
SBV Net Withdraws $2.22 Billion Cash Last Week on Inflation Fear
The State Bank of Vietnam (SBV) net withdrew a total of 50.5 trillion dong ($2.22 billion) in cash from circulation in the week ended March 2, following a the withdrawal of 33.6 trillion dong ($1.48 billion) in the previous week, due to fears for a pickup in inflation, after the bank continuously bought in forex for stockpile, according to securities companies. 

TUAN MINH

Tin liên quan
  • [Round-up] Vietnam President Leaves for India Visit, AmCham Proposes New Policies for Pharmaceutical FDI Firms
  • [Round-up] Vietnam Releases Encouraging Economic Data for February
  • [Round-up] Foreign Auto Firms Call for Halt to New Import Restriction
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Từ khóa: Tran Dai Quang, Nguyen Xuan Phuc, Vuong Dinh Hue, CPTPP, PV Oil, UPCOM, HCM City, IPO
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