Vietnam Morning News For November 6

Why foreigners aren’t buying houses in Vietnam
There’s a wealth of expats and overseas Vietnamese interested in the real estate market, but red tape is putting them off.
— VnExpress

VN banking assets rise to more than $407 billion
TOTAL ASSETS of Vietnam’s banking system reached more than 9.25 quadrillion dongs (US$407.5 billion) by the end of August, an increase of 8.79 per cent over the beginning of this year, statistics from the State Bank of Vietnam (SBV) show.
— The Nation

$3,900 for an iPhone X? Vietnam’s moneybags say yes
Vietnamese ‘campers’ were among thousands who gathered outside the Apple store along Orchard Road in Singapore from Thursday night for the anticipated launch of the iPhone X in the following morning.
— Tuoi Tre

McDonald’s to open first restaurant in Hanoi
The information was revealed by an officer of Good Day Hospitality Joint Stock Company, McDonald’s developmental licensee for Vietnam.
— VietnamNet Bridge

Vietnam typhoon kills 27
The death toll from the typhoon that’s pummelling central and southern Vietnam has risen to 27, just days before the region is due to host the APEC summit of Asia-Pacific leaders.
— Skynews Australia

E-commerce the ticket to MSME success
E-commerce has become the easiest way for micro, small and medium-sized enterprises (MSMEs) in Vi?t Nam to achieve success in both the domestic and foreign markets.
— Viet Nam News

ADB loans support green urban development in Vietnam
The Asian Development Bank’s (ADB) Board of Directors has approved US$170 million in loans to help the Government of Vietnam upgrade urban infrastructure and address climate change, benefiting about 116,000 households in Hue, Vinh Yen, and Ha Giang cities.
— Inquirer.net

Power struggle unfolds behind Vietnam’s state reforms
Vietnam’s leader has declared a sweeping government overhaul that will slash 400,000 public-sector jobs. But the campaign seems as much about his consolidating power in the one-party state as about righting its finances.
— Nikkei Asian Review

Can Tho city woos Japanese investors
Japan Desk, which serves as a bridge between Japanese businesses in the Mekong Delta city of Can Tho and local authorities, made its debut at the 59th Asia Business Conference in the city on November 4.
— VietnamPlus

Alibaba chairman Jack Ma arrives in Hanoi to interact with entrepreneurs, students
The influential businessman will be speaking about e-payment in Hanoi before meeting world leaders at the APEC Summit in Da Nang.
— VnExpress

Premier Greets Delegates Ahead of Business Mission to China and Vietnam
Today Premier Kathleen Wynne met with nearly 70 businesses and academic leaders from across the province who will join her third business mission to China and the first-ever Ontario Premier-led mission to Vietnam later this month.
— Ontario

Cheap flights from Vietnam to SEA countries
National carrier Vietnam Airlines has launched a promotional programme named “Flying to Thailand, Malaysia and Singapore” with preferential prices of only VND799,000 (US$35.2) per ticket from Vietnam.
— The Nation

Provinces set special economic units
Quang Ninh, Kien Giang and Khanh Hoa are gearing to develop special administrative-economic zones with expectations that preferential policies will be increased as the National Assembly is discussing the Law on Special Administrative-Economic Units.
— Bizhub

Hanoi Sales Promotion Month 2017 attracts nearly 1,000 enterprises
The Hanoi Sales Promotion Month 2017 was launched in Hanoi on November 4, receiving confirmation from nearly 1,000 enterprises operating in the city.
— Nhan Dan Online

E5 fuel shortage growing concern
Experts and businesses are raising concerns about the shortage of E5 bio-fuel supply as there are two months left for E5 to be fully replaced RON 92 petrol.
— Bizhub

ANA and Vietnam Airlines strengthen partnership
ANA has announced the expansion of its code share agreement with Vietnam Airlines, providing additional benefits to its ANA Mileage Club members.
— Japan Today

As oil dips, tourism should soar: HSBC report
Crude oil’s days of being a major contributor to national economic growth are over, according to a report prepared by the Hongkong and Shanghai Banking Corporation Limited (HSBC).
— Bizhub

Vietnam Tech Startups Seek Next Step Forward
The country did not ignore the startup trend of the 21st century. But in the trend’s early days, Vietnam was spending more time and energy talking about technology and its promise.
— VOA

Vietnam’s global integration: it is now the financial sector’s turn
It is committed to opening up its finance sector, an important pillar in the economic integration process, and enhancing international co-operation.
— VietnamNet Bridge

Vietnam: TEKY Corp looks to raise at least $3m from pre-ICO
Vietnamese learning academy TEKY is joining the initial coin offering (ICO) bandwagon with its offer of tokens starting on November 11 and a target to raise at least $3 million.
— DealStreetAsia

Vietnam: Suncity to pick 34% in Hoiana casino project, commits to invest $26.6m
Hong Kong junket operator Suncity Group is finalising the acquisition of a 34 per cent stake in central Vietnam-based casino complex Hoiana (previously branded as Hoi An South). It has committed to allocate $26.2 million for the first phase of the project.
— DealStreetAsia

When women mean business, society thrives
The sad, shocking sight of large amounts of dragonfruit being fed to cattle or left to rot on roadsides in many places smote her heart.
— VietnamNet Bridge

Vietnam’s coffee belt braces for more rains as storm looms
Rains are expected to continue for the next few days in Vietnam, affecting the harvest in the world’s top producer of robusta coffee, while Indonesia remained quiet, traders said on Thursday.
— Tuoi Tre

Vietnam plans major solar power growth
”We would like to provide guidance to investors, local governments and financial institutions about how to develop solar energy in Vietnam,” Pham Trong Thuc, deputy head of the Ministry of Industry and Trade’s Electricity and Renewable Energy Agency, said in his speech at a workshop on “Introduction of circular 16/2017/TT-BCT on solar power project development and standardized power purchase agreement for solar power projects”.
— VietnamNet Bridge

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