Vietnam Morning News For October 31

Vietjet’s pre-tax profit hit US$131 million in nine months
Low-cost carrier Vietjet posted a pre-tax profit of more than US$2.98 trillion (US$131 million) in the first nine months of this year, according its preliminary business results which were released last week.
— Nhan Dan Online

Is This Vietnam’s Most Inconsiderate Road User? (video)
When it comes to self-centred, arrogant, rude, discourteous, inconsiderate road users it is difficult to go past this Hanoi, Vietnam motor scooter rider. If there is a more inconsiderate road user in Vietnam we are yet to see proof.
— AEC News Today (video)

SoEs struggle to attract investors in equitisation
The Central Institute for Economic Management (CIEM) released a report on Monday on the actuality of strategic shareholders’ involvement in State-owned enterprises’ (SoEs) equitisation process, which they concluded to be below expectations.
— Viet Nam News

How much is ‘Vietnamese content’ in ‘Vietnamese goods’?
Deputy director of MOIT’s Domestic Market Department Le Viet Nga said at a recent workshop that the proportion of Vietnamese goods at supermarkets has reached 70 percent. At big supermarkets such as Co-op Mart and Big C, the figure is 90 percent.
— VietnamNet Bridge

SCIC under divestment pressure in Q4
The State Capital Investment Corporation (SCIC) is under pressure to complete its divestment scheme towards the end of this year with many large companies still in its portfolio.
— Viet Nam News

Aquatic exports estimated at 6.73 billion USD
Aquatic product exports in the past ten months rose 17.6 percent to 6.73 billion USD, according to the Ministry of Agriculture and Rural Development.
— VietnamPlus

Vietnamese accelerator helps launch 11 startups
VIISA has invested $30,000 into each company and provided technical resources, office space and access to world class mentors and investors.
— VnExpress

French consultant hired to give ‘objective view’ of Saigon’s airport expansion plan
The government appears to be looking for a second opinion on a plan drawn up by a local firm.
— VnExpress

Competitive power market to resume operation on November 1
The Ministry of Industry and Trade has decided to resume the operation of the competitive electricity generation market (CGM) on November 1 after a one-month suspension.
— VietnamPlus

Viettel wins clutch of International Business Awards
Viettel has won one gold and four silver awards at the 2017 International Business Awards – Stevie Awards in various categories and for its operations in various countries.
— Viet Nam News

Vietnam: Greenwings invests in Hoayeuthuong; Vemanti takes over Two Group
Hoayeuthuong.com, a flower delivery startup in Vietnam, has received $1 million in equity funding and loan from overseas flowers and ornamentals group Greenwings. Meanwhile, US-based Vemanti Group is acquiring Two Group.
— DealStreetAsia

Lacking control
The development of condotels around Vietnam has occurred absent a dedicated legal framework.
— VietnamNet Bridge

New, existing companies register 107 billion USD in ten months
Total registered capital poured into the economy in the ten months of this year exceeded 2.43 quadrillion VND (107 billion USD), according to the General Statistics Office.
— VietnamPlus

Vietnam: Property developer Becamex IDC aims to raise $425m in IPO
Vietnam’s state-owned Becamex IDC Corp, one of the country’s largest real estate and infrastructure developers, will launch its initial public offering on Dec. 1, aiming to raise roughly $425 million, the Ho Chi Minh Stock Exchange said.
— DealStreetAsia

Industrial production index on growth track in ten months
The industrial production index rose by 17 percent year-on-year in October, pushing the ten-month increase by 8.7 percent, higher than a 7.3 percent rise from the same period last year and 7.9 percent growth recorded in nine months.
— VietnamPlus

Banks, energy firms extend the market’s gains
Shares rose on the two local exchanges on Monday morning, driven by banks and energy firms.
— Bizhub

Repressive Vietnam a poor host for Apec
Vietnam will in coming days host an Asia Pacific Economic Cooperation (Apec) summit in Danang that’s sure to bolster its international stature amid increasingly complex regional and global developments.
— The Nation

Conference aims to strengthen women’s role in digital economy
A conference on “Businesswomen in the digital economy” held in Ha Noi on Friday highlighted the need for women-owned businesses to take advantage of opportunities created by the advancement of digital technology, e-commerce, and online marketing amidst the 4th industrial revolution.
— Bizhub

Co-operative gets $19k to label mangoes
The Mekong Delta province of Dong Thap’s Government last Sunday granted VND432 million (US$18,939) to help My Xuong Cooperative in Cao Lanh District label and issue codes for mangoes.
— Bizhub

Ho Chi Minh City’s CPI rises 0.63% in October
The Ho Chi Minh City’s consumer price index (CPI) in October increased by 0.63% compared to September and by 4.13% compared to the same period in 2016, the municipal Statistics Office announced on October 30.
— Nhan Dan Online

HCM City economy remains on track: meeting
Foreign and domestic investment in HCM City has significantly increased and industrial production remains robust, a meeting to review the city’s socio-economic development in the first 10 months of this year yesterday heard.
— Viet Nam News

Masan Group postpones VND3 trillion bond issue plan
Masan Group had planned to seek shareholders’ approval for its plan to issue up to 30 million bonds at the face value of VND100,000 apiece this month.
— VietnamNet Bridge

Feature photo Asian Development Bank
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