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Business Briefs 17 Aug 2018

17-Aug-2018 Intellasia | | 10:46 AM

* Dong Phu Rubber Company (DPR) made a gross profit ofVND205.6 billion in the Ianuary-Iuly period of this year, up 22% year-on-year and beating the full-year target by 8%. [...]
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Vietnam shines in The Telegraph’s best must-visit places in lifetime

17-Aug-2018 Intellasia | Hanoi Times | 6:27 AM

The Telegraph has announced its list of world’s top 10 curious places you must visit at least once in your lifetime. The Telegraph, a UK national daily broadsheet [...]
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Catfish and shrimp farmers struggle as markets shrink

17-Aug-2018 Intellasia | Vietnamnet | 6:27 AM

Both catfish and shrimp are meeting difficulties in exports because of the shrinking market. However, while catfish farmers still can make a profit, farmers of white-legged [...]
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Is Vietnam’s stock market expensive or cheap?

17-Aug-2018 Intellasia | Dau tu Chung khoan | 6:27 AM

The Price per Earnings (P/E) of Vietnam’s stock market is 17.4 times, an average level compared to other countries in the Southeast Asia. Analysis of many experts [...]
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Lazada logistics arm ties up with VNPost

17-Aug-2018 Intellasia | VNS | 6:27 AM

Lazada Elogistics Vietnam (LEL) Vietnam has signed a memorandum of understanding with VNPost for delivery of its products. Online shopping platform Lazada, which owns the [...]
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First Canali store opens in Hanoi

17-Aug-2018 Intellasia | VN Economic Times | 6:27 AM

Gentlemen in capital now have more options in elite clothing. * H&M Vietnam to open two new stores * H&M to open third store * Fashion brand takes on the world One of [...]
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Electronic-contract cars suggested to be classified as electronic taxi

17-Aug-2018 Intellasia | SGGP News | 6:27 AM

The Hanoi Taxi Association filed an urgent petition to the prime minister on certain content in the report to the government about the draft decree on ‘Business and [...]
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Mumuso and likes getting away with gentle fines?

17-Aug-2018 Intellasia | VIR | 6:27 AM

Mumuso and similar firms are facing the highest administrative fines of VND100 million ($4,424) and VND140 million ($6,194), according to Decree No.185/2013/ND-CP stipulating [...]
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Taxi association highlights inadequacies of Grab pilot programme

17-Aug-2018 Intellasia | The Saigon Times | 6:27 AM

Following the Ministry of Transport’s draft decree on passenger transport, the Hanoi Taxi Association has pointed out a number of failures of the pilot programme, in [...]
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Tra Vinh takes measures to protect shrimps from disease

17-Aug-2018 Intellasia | VNA | 6:27 AM

The People’s Committee of the Mekong Delta province of Tra Vinh has approved a plan to invest 2.3 billion VND (over 100,000 USD) to protect intensive and semi-intensive [...]
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Overnight interest rate doubles to 4.42pct

17-Aug-2018 Intellasia | VNS | 6:27 AM

Interest rates on the inter-bank market have surged strongly in the past week despite the central bank’s net injection of VND14.4 trillion (US$612.76 million). [...]
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Chinese brands grab 39pct of Vietnam smartphone market

17-Aug-2018 Intellasia | VN Express | 6:27 AM

Xiaomi and Huawei were the two fastest growing mobile phone brands in Vietnam in the second quarter, technology industry analyst Counterpoint reports. They grew respectively [...]
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Chinese investors flock to Vietnam to develop coal-fired thermopower plants

17-Aug-2018 Intellasia | Vietnamnet | 6:27 AM

Many coal-fired thermopower projects have been proposed recently despite environmentalists’ call to stop developing thermal power. Most of them are Chinese invested. A [...]
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Vietnamese steel sector amidst US-China trade war

17-Aug-2018 Intellasia | VNA | 6:27 AM

Improving material supply and proving product origin are ways to limit the impact of trade defence lawsuits amid the growing US-China trade war, according to insiders. The [...]
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Reference exchange rate up on August 16

17-Aug-2018 Intellasia | VNA | 6:27 AM

The daily reference exchange rate for August 16 was adjusted up 6 VND from the previous day to 22,691 VND/USD. With the current trading band of +/- 3 percent, the ceiling [...]
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