Over VND96 trillion of G-bonds mobilised The State Treasury of Viet Nam has raised a total of VND96.251 trillion (US$4.13 billion) via auctions of Government bonds at the Ha Noi Stock Exchange (HNX) since the beginning of the year. At an auction this week, the State Treasury mobilised VND3.95 trillion from five-year and seven-year bonds worth VND500 billion each and 10-year bonds and 15-year bonds worth VND2 trillion each. The interest rate of bonds increased slightly. Bonds with 10-year maturity raised VND1.55 trillion with an annual interest rate of 4.53 per cent, up 0.03 percentage points from the previous auction on August 1. A sub-session auction of 10-year bonds drew VND600 billion with the yearly interest rate of 4.53 percent. Those with a 15-year term attracted VND1.2 trillion with an annual interest rate of 4.81 per cent, up 0.03 percentage points in comparison with the rate of the previous auction on July 25, 2018. As much as VND600 million was mobilised … [Read more...] about BUSINESS NEWS IN BRIEF 15/8
Ecommerce future
Shopping website removes toy with controversial nine-dash line
The Vietnam eCommerce and Digital Economy Agency (iDEA) had demanded that e-commerce service Shopee Vietnam get rid of a toy map showing the infamous nine-dash line that China has used to illegally claim sovereign Vietnamese territory in the East Sea, also internationally known as the South China Sea. The line is a demarcation that claims 90 percent of the 3.5-million-square-kilometer East Sea as Chinese territory. This claim has been rejected by the international community. It overlaps with claims by Brunei, Malaysia, the Philippines, and Taiwan, and violates Vietnam's water sovereignty. iDEA, which functions under the Ministry of Industry and Trade, has also required that Shopee and other e-commerce firms apply an online filter to block future items with content that violates Vietnam’s sovereignty. It has taken 30 boxes of the toy for futher investigation. “We have upgraded our filter with multiple levels to make sure the same thing won’t happen … [Read more...] about Shopping website removes toy with controversial nine-dash line
Manufacturing opportunities rising in Vietnam: Savills Vietnam
Manufacturing opportunities rising in Vietnam: Savills VietnamBy Thanh Thom A bird's eye view of the industrial park VSIP-I located in Binh Duong Province. According to Savills Vietnam, the local industrial real estate sector is forecast to boast a bright future - PHOTO: VSIP HCMC – Growing foreign direct investment (FDI) and a move up the value chain mean Vietnam’s industrial real estate sector has a bright future, according to real estate services provider Savills Vietnam. “This is very fertile ground,” said Troy Griffiths, Savills deputy managing director for Vietnam. “We see a lot of FDI in manufacturing from Japan, South Korea, Singapore and Thailand.” Vietnam attracted FDI flows of US$35.6 billion last year, up a hefty 44.4% from the previous year, with Japan contributing the largest, at US$9.11 billion. FDI flows in the manufacturing and processing industry made up a whopping 44.2% of the total. Asian manufacturers want to take … [Read more...] about Manufacturing opportunities rising in Vietnam: Savills Vietnam
Industry 4.0 to be game changer for UPS Vietnam
Daryl Tay talks about how Industry 4.0 will transform the logistics industry Industry 4.0 is now a clear trend in many economic sectors. What are its impacts on the logistics industry? How did UPS prepare for this and what opportunities do you expect in 2018? Logistics companies will need to be more technologically advanced than ever—this new industrial era will push the logistics industry to become much “smarter” and more adaptable. With Industry 4.0, logistics companies will need to take a closer look at how operations and infrastructure can be improved through technology and innovation. UPS was established in 1907. In over 110 years of operations, we have experienced industrial revolution through the second and third iterations—electrical power and computing—and seen firsthand the impact it had on not just our industry, but also those of our customers. While UPS was founded on engineering excellence, today we are more like a technology company with … [Read more...] about Industry 4.0 to be game changer for UPS Vietnam
Local retailers urged to raise competitiveness
Local retailers urged to raise competitivenessThe Saigon Times Daily A staffer arranges goods at a Co.opMart supermarket in HCMC. Local retailers are urged to raise their competitiveness - PHOTO: THANH HOA HCMC - The penetration of large international retail firms into the Vietnamese market and the rising popularity of online shopping sites such as Shopee, Sen Do and Lazada have forced local retailers to make full use of their home-ground advantages to raise their competitiveness, according to news site Vietnamplus. Vietnam is an attractive market for investors in the retail sector, but given the intense competition, experts suggest that local retailers with a better understanding of customer habits and the local market should raise quality standards and map out detailed and effective competition strategies. According to a survey on the retail sector in 30 developing countries worldwide, conducted by consulting firm A.T. Kearney, Vietnam is one of the most attractive retail … [Read more...] about Local retailers urged to raise competitiveness