Vietnam Morning News For December 4

Vietnam’s PV Oil aims to raise at least $122m in Jan IPO
Vietnam state oil distribution firm PetroVietnam Oil Corp (PV Oil) plans to offer 20 percent of its shares in an initial public offering (IPO) in January that aims to raise at least $122 million, its parent firm said on Friday.
— DealStreetAsia

Deputy PM pushes SOE equitisation
Deputy Prime Minister Vuong Dinh Hue called for speeding up the equitisation of State-owned enterprises (SOEs) at a recent meeting of the Steering Committee for Business Renovation and Development.
— VietnamPlus

Big potential in logisitics industry
Increasing competition among private and foreign enterprises shows the market’s attractiveness towards suppliers and the potential for development in the growing Vietnamese consumer market.
— Bizhub

Vietnam, EU move to finalise EVFTA ratification
Vietnam and the European Union (EU) are working to finalize legal and language – related issues for the EU-Vietnam free trade agreement (EVFTA) towards the official signing and ratification of the trade deal next year, said Deputy Minister of Industry and Trade Tran Quoc Khanh.
— VietnamNet Bridge

Vietnam needs tighter regulations over seafood management
Statistics from the Vietnam Association of Seafood Exporters and Producers (VASEP) in the past five years show that seafood import value has been on the rise.
— VietnamNet Bridge

Firmer foothold
South Korea’s CJ Logistics solidified its position in Asia’s logistics sector with the recent purchase of two Gemadept subsidiaries.
— Vietnam Economic Times

Can Tho proposes using budget for loss-making flight routes
Can Tho People’s Committee has proposed to use the municipal budget to support carriers launching new flight routes to/from the city’s airport but incurring losses from these routes.
— Bizhub

Vietnam’s e-commerce growing rapidly
Vietnam e-commerce, although small, is among the fastest growing globally, according to a report released by Kantar Worldpanel, a global expert in shoppers’ behaviour.
— VietnamPlus

Retail sales, services earn 160 billion USD
Total revenue from retail sales and services topped 160 billion USD during the first 11 months of 2017, surging 10.7 percent year-on-year, according to the General Statistics Office (GSO).
— VietnamPlus

McDonald’s opens first restaurant in Hanoi
Covering an area of 400 square metres in the centre of Hanoi, with the two fronts at Hang Bai and Hang Khay streets, the restaurant, which opened on December 2, has a panoramic view of Sword Lake to customers.
— VietnamNet Bridge

Vietnam-China tourism, trade fair opens in Vietnam
The 2017 Vietnam-China International Tourism and Trade Fair kicked off in Vietnam’s northern Quang Ninh province on Friday, with the participation of hundreds of firms from Vietnam, China and Thailand.
— China Daily

Growth in manufacturing output slipping
Though continuing to signal an improvement in the health of the manufacturing sector, the rate at which business conditions strengthened was the weakest since March 2016.
— VietnamNet Bridge

Vietnam among two slowest-selling automotive markets in ASEAN: report
Vietnam and Brunei were the only two auto markets among members of the Association of Southeast Asian Nations (ASEAN) to have turnover plunge this year, according to a report by the ASEAN Automotive Federation.
— Tuoi Tre

Long An aims to up dragon fruit exports
The Mekong Delta province of Long An, which produces about 215,000 tonnes of dragon fruit every year, is aiming to increase its exports of the fruit by using state-of-the-art technology to develop 2,000ha of new growing land in Chau Thanh district.
— VietnamPlus

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