Vietnam Morning News For March 22

Vietnam’s phone exports continue posting two-digit growth
Exports of phones and spare parts skyrocketed by 68 percent until March 15, helping it become the first commodity to gain export revenue of more than US$10 billion this year.
— The Hanoi Times

Foreign investors eager to acquire Habeco
Along with Carlsberg, the Danish Brewer holding 17.3 per cent stake in Hanoi Beer, Alcohol and Beverage Corporation (Habeco), numerous foreign investors are looking to acquire a stake in Vietnam’s third-largest brewer in order to increase their market shares.
— VietNamNet Bridge

Top five foreign investors in Vietnam’s real estate announced
Singapore, the Republic of Korea, Malaysia, Japan and Hong Kong (China) are the largest foreign real estate owners in Vietnam, according to a survey recently published by CBRE Vietnam.
— NNT

SMEs benefit from State’s business support policies
Small- and medium-sized enterprises (SMEs) will benefit from many support policies of the State, especially those in information support; consultation; human resources development; startup and innovation; and value chain participation.
— VietnamPlus

Vietnamese tra fish exporters oppose unfair US duties on fish fillets
The Vietnam Association of Seafood Exporters and Producers (VASEP) and enterprises oppose the unfair decision made by the US Department of Commerce (DOC) and are considering beginning the necessary legal procedures to file a complaint with the US Court of International Trade (CIT) to ensure the interests of Vietnamese enterprises, said VASEP general secretary Truong Dinh Hoe.
— Nhan Dan Online

Ministry transfers rights to purchase Vietnam Airlines’ shares
The Ministry of Transport (MoT) will transfer its rights to purchase shares additionally issued by the Vietnam Airlines Corporation through auction at the Hanoi Stock Exchange.
— VietnamPlus

Central bank enhances supervision
The State Bank of Viet Nam (SBV) can take early intervention measures against weak credit institutions in the supervision process from July this year, according to a new SBV regulation.
— Bizhub

US anti-dumping duty hike on Vietnam shrimps to hurt Indian exports
Shrimp shipments from India to Vietnam for further value addition and re-export to the US is likely to be hit with the US government hiking the anti dumping duty (ADD) on shrimps coming from Vietnam.
— Business Standard

Vietnam remains attractive to European investors
Vietnam continues to be an attractive investment destination for European companies thanks to its improving business environment, said Guru Mallikarjuna, managing director of Bosch Vietnam.
— Nhan Dan Online

VEAM to list 1.33 billion shares on HSX
Vietnam Engine and Agricultural Machinery Corporation (VEAM), which currently holds a 30 per cent stake in Honda Vietnam, a 20 per cent stake in Toyota Vietnam, and a 25 per cent stake in Ford Vietnam, will list 1.328 billion shares on the Ho Chi Minh City Stock Exchange (HSX).
— VietNamNet Bridge

CPTPP Signed: Opportunities for Vietnam’s Enterprises
On March 8, 11 countries signed the Comprehensive and Progressive Agreement for Trans-Pacific Partnership or CPTPP in Chile. The agreement represents 13.5 percent of the global economy, a total of US$10 trillion dollars and 15 percent of the global trade revenue, equal to US$5 trillion.
— Vietnam Briefing

Land lot prices spike in City
A spike in price for land lots in HCM City’s suburban districts has been occurring since the end of 2017 due to high demand.
— Bizhub

The Prospect of Foreign Business in Da Nang
When talking about Vietnam’s tourism business, we obviously see not only Ho chi minh and Hanoi as the hubs of tourism sites as well as significant investments but other cities as well, especially Da Nang which has been promoted as the Sea, Sand, Sun concept and welcome any interested foreign investors to the city as well. Our reporter, Paphamon Arayasukawat has the details.
— News Today (video)

South Korean giants flock to Vietnam’s finance & banking market
Two out of eight wholly foreign-owned banks in Vietnam are from South Korea. Besides banks, many other South Korean corporations have contributed capital to, or cooperated with, Vietnamese banks.
— VietNamNet Bridge

Viettel interested in Philippines foray
Vietnamese military-run operator Viettel has reportedly expressed an interest in becoming the international partner for the Philippines’ third telco.
— Telecomasia.net

Japanese Genesia Ventures leads $2.5m funding round in Vietnam’s Luxstay
Japanese early stage investor Genesia Ventures has led a $2.5 million Pre-series A funding round in Vietnam’s Airbnb-like startup Luxstay. Founders Capital, Y1 Ventures and two other investors also joined the round.
— DealStreetAsia

Feature photo Graeme Newcomb

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