Vietnam Morning News For November 9

Vietnam posts $2.2 bn trade surplus in October
Vietnam had a trade surplus of $2.2 billion in October, much higher than the government’s forecast of $900 million, the customs department said on Wednesday.
— Bangkok Post

AIIB wants to help Da Nang develop infrastructure
The Asian Infrastructure Investment Bank (AIIB) wants to boost cooperation in infrastructure investment with Da Nang so as to help promote the development of the central city of Vietnam, AIIB President Jin Liqun told local officials on November 8.
— VietnamPlus

HCMC: Land available for Build-Transfer projects shrinks
According to the HCMC Planning & Investment Department, 23 BT projects have been signed so far with total investment capital of VND71.127 trillion.
— VietnamNet Bridge

Typhoon Damrey kills 106 in Vietnam, reservoirs brimming
As residents of central Vietnam are cleaning up after Damrey, more flooding looms with water being released from 49 reservoirs.
— VnExpress

Việt Nam, Mexico promote trade, investment co-operation
Việt Nam and Mexico were looking to enhance trade and investment co-operation at the first meeting of the Joint Committee of Economic, Trade and Investment Co-operation.
— Viet Nam News

Rising capital demand puts pressure on liquidity
Rising capital demand in the last few months of the year has put pressure on the liquidity of the banking system.
— Bizhub

VietinBank issues bonds with attractive interest rates
Viet Nam Joint Stock Commercial Bank for Industry and Trade (VietinBank) is issuing 20,000 bonds in phase 1 of its public offering from October 25 to November 13, 2017.
— Bizhub

US-Vietnam still in a tentative embrace
US President Donald Trump never fought in Vietnam due to five military deferments, a historical fact US Senator and medaled war veteran John McCain raised last week ahead of the American leader’s visit to Hanoi and Da Nang.
— Asia Times

VN, China promote trade ties
China is now Việt Nam’s key export market and its biggest trade partner, said Bùi Huy Sơn, director of the Việt Nam Trade Promotion Agency under the Ministry of Industry and Trade.
— Viet Nam News

OPIC CEO signs commitments with JBIC and NEXI
Overseas Private Investment Corporation (OPIC) has inked a memorandum of understanding (MoU) with Japan Bank for International Cooperation (JBIC) and Nippon Export and Investment Insurance (NEXI).
— Viet Nam News

Farm coops in Vietnam target international links
Vietnam wants to enhance cooperation with international organisations to promote the development of agricultural co-operatives, especially in supporting market access and management capacity, participants said at a seminar in HCM City on Monday.
— Inquirer.net

Bubble, boom or bust for Hanoi’s property market
Six years ago, the property bubble in Vietnam had burst. With governmental efforts to clear up the real estate bad debts and attract homebuyers, the residential property market has proliferated.
— Asean Today

Government leader hosts Asia-Pacific investors
Prime Minister Nguyen Xuan Phuc held a meeting in Hanoi on November 8 with investors in the Asia-Pacific region, including those from Japan, the US, New Zealand, Hong Kong (China), Singapore and Thailand.
— VietnamPlus

Vietnam urged to embrace mobile payments
Group chairman Jack Ma told the Vietnam Electronic Payment Forum that the proportion of cash transactions in Vietnam was too high, despite the huge potential for e-commerce among the young population.
— Asean Economist

President welcomes US investment in Vietnam
President Tran Dai Quang told an audience of US businesses on November 8 that Vietnam welcomes their investment in areas such as advanced technology, energy industries and infrastructure.
— Nhan Dan Online

Japanese Kyoei Steel Company buys 20% shares of VIS
Japanese Kyoei Steel Company officially became strategic shareholder of Viet Nam-Italy Steel Joint Stock Company (VIS).
— Bizhub

Vietnam stock hits fresh near 10-yr high
Vietnam stocks firmed to hit a fresh near decade high on Wednesday, while Singapore held on to two-year highs.
— VnExpress

Vietnam premier highlights solutions for development at APEC business summit
Vietnamese Prime Minister Nguyen Xuan Phuc has underlined three key solutions for boosting Vietnam’s development during a business summit held in parallel with the ongoing 2017 Asia-Pacific Economic Cooperation (APEC) week.
— Tuoi Tre

Vietnam to ask Marubeni with help constructing $2.5bn thermal plant
Facing financial difficulties, Vietnam will embark on its first large, privately funded infrastructure development project.
— Nikkei Asian Review

Vietnam has new billionaires as more companies enter bourse
The listing of Pymepharco, the No 2 firm in the pharmacy sector, is expected to create a new billionaire – Truong Viet Vu — with stock assets worth hundreds of billions of dong.
— VietnamNet Bridge

Vietnam still lacks powerful conglomerates: economists
Vo Tri Thanh, an economist, said at a recent conference on private sector development that there are still too many obstacles encircling private businesses.
— VietnamNet Bridge

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