VIETNAM BUSINESS NEWS MAY 29
16:05 80 percent of real estate trading
floors reopen  Up to 80 percent of real estate trading floors have resumed operations, along with the establishment of new ones, according to the Ministry of Construction (MoC). The ministry’s report on the real
estate market in 2021 and the first three months of this year, which has been
submitted to the Prime Minister, showed that real estate trading floors have
bounced back. The report noted there were more than
1,600 real estate trading floors nationwide in 2020. However, due to the
heavy impact of the pandemic, only 20 percent maintained operations. At the end of last year, there was a
revival, with 40 percent of property trading floors returning to work. According to the MoC, the real estate
market has gradually picked up and the number of transactions has been on the
rise since the first quarter of this year after most provinces and cities
returned to the “new normal”. Notably, many floors have invested in
facilities and training staff to professionalise the services. There has also
been an exchange of information among the floors to enhance their
effectiveness. However, the ministry pointed out some
real estate trading floors are perceived to collude with each other for price
gouge. Two foreign ETFs likely to add more
stocks in Q2 restructuring Two of the biggest foreign
exchange-traded funds (ETFs) in Việt Nam, FTSE Vietnam Swap UCITS ETF (FTSE
ETF) and VanEck Vectors Vietnam ETF (VNM ETF), will release their portfolios
for the second quarter of this year. According to SSI Research's forecast,
shares of Sài Gòn – Hà Nội Commercial Joint Stock Bank (SHB), Nam Long
Investment Corporation (NLG) and Vĩnh Hoàn Company (VHC) may be added to the
FTSE Vietnam Index, while An Phát Holdings (APH) may be excluded in the
second quarter structure. ETFs are
about to restructure their portfolios in the second quarter of 2022. The two
index groups of FTSE and MV Index Solutions (MVIS) will need to complete
their portfolio structure on June 17, while the MSCI indexes have an earlier
restructuring schedule, on May 31. Assuming
the above changes, the index portfolio will include 31 stocks. Total assets
of the FTSE ETF on May 23 reached US$275 million. SSI Research gives an
estimate of the weight of the FTSE Vietnam Index portfolio and the trading of
the FTSE ETF. In the
next restructuring period, this ETF can buy more than 7 million shares of
SHB, nearly 1.7 million shares of NLG and more than 700,000 shares of VHC.
Meanwhile, most of the stocks in the FTSE ETF's portfolio will be sold. APH
is forecasted to sell 1.5 million shares. The MVIS
fund will announce the results of the second quarter portfolio structure of
the MVIS Vietnam Index - the base index of the VanEck Vectors Vietnam ETF
(VNM ETF) on June 10. For VNM ETF, the fund will trade during June 13 -17. Based on
updated data on May 23, SSI Research forecasted that no stocks will be added
to the MVIS Vietnam Index portfolio in this restructuring period. The MVIS
Vietnam Index portfolio will have 56 stocks, of which there are 42 listed
stocks in Vietnam and 14 related foreign stocks. The total asset value of the
VanEck Vectors Vietnam ETF on May 23 reached $404 million. The
Yunta Securities Company also provided forecasts on the two funds. With the
FTSE ETF, according to Yuanta's estimate, only SHB and NLG which are the two
stocks that meet the criteria, will be bought 15.3 million shares and 4.7
million shares respectively. With the
VNM ETF, Yuanta forecasts that the fund will buy three new stocks, including
SHB, FPT Securities Joint Stock Company (FTS) and Viglacera Corporation
(VCG). This VNM ETF could buy 13.8 million SHB shares with a value of more
than VNĐ200 billion. They could buy 4.5 million VCG shares and 1.8 million
FTS shares. Petrol companies to benefit from
rising prices The two
leading enterprises in the industry, Petrolimex and PV Oil, recorded that the
value of their inventories at the end of the first quarter was nearly double
the beginning of the year. Petrol price
has been adjusted up five consecutive times to reach VND31,250 per litre, a
rise of 31.3 per cent compared to the beginning of the year. According
to a report by the Ministry of Industry and Trade, the world petrol market
has undergone many great changes in recent years. Supply to the market,
especially to the European region, continues to be affected by the embargo on
products from Russia, while US crude oil inventories continue to remain low. These
factors have pushed up petrol prices. During the price management period from
May 11 to May 23, the average world price of petrol products reached US$141.4
per barrel, up 64 per cent compared to the beginning of this year. Diesel oil
reached $142 per barrel, up 67 per cent and kerosene touched $137.9 per
tonne, up 64.6 per cent. In the
domestic market, as business activities recover again the demand for petrol
has increased. By May
23, the petrol price had increased for the fifth time in a row and set a new
record. Specifically, the price of RON 95-V gasoline in region 1 reached VN
D31,250 per litre, up 31.3 per cent compared to the beginning of this year
and up 59 per cent over the same period last year. Diesel prices reached
VND26,350 per litre, up 47 per cent compared to the beginning of the year and
74.3 per cent over the same period last year and kerosene prices reached
VND24,400 per litre, up 48 per cent and 76.6 per cent, respectively. In the
context of increasing prices, the inventory value of many petrol businesses
also increased sharply. Considering the five petrol production and trading
units listed on the stock exchange, the value of inventory at the end of the
first quarter reached VND49.3 trillion, up 47 per cent compared to the
beginning of the year. By the
end of Q1, Petrolimex (PLX) had the largest inventory of VND24.25 trillion,
up 84.2 per cent compared to the beginning of the year. PV Oil
(OIL) doubled its inventory value from VND2.58 trillion to VND5.16 trillion. For
petrol manufacturers such as Binh Son Refinery and Petrochemical (BSR),
inventories at the end of the quarter reached VND11.94 trillion, an increase
of 15.3 per cent compared to the beginning of the year. Binh Son
Refinery (BSR) reported a 65 per cent increase in revenue to VND34.78
trillion; profit after tax reached VND2.3 trillion, up 23.7 per cent. Gross
profit margins decreased from 9.7 per cent to 7.5 per cent. PV OIL
(OIL)'s revenue doubled from the same period last year to VND23.29 trillion.
Gross profit margins decreased from 6.6 per cent to 4.5 per cent and net
profit increased only 54 per cent to VND219 billion. Petrolimex
reported that first-quarter revenue increased 75 per cent to VND67 trillion
and profit after tax decreased by 65 per cent to VND208 billion. Viet Nam Dairy 2022 to be held in Ha
Noi Co-organised
by Vietnam Dairy Association (VDA) and Vietnam Advertisement and Fair
Exhibition JSC (VIETFAIR), the upcoming exhibition will have 200 booths from
150 domestic and foreign exhibitors. Among them will be Vinamilk, Friesland
Campina, Nestle, Nutifood, Abbott and Vinasoy. Participated
firms will showcase milk and dairy products, ingredients and technology in
the dairy industry, processing and packaging lines in the industry, animal
feed and veterinary machines, dairy cattle breeds, environment treatment
technology, food safety standard management system and other services in the
dairy sector. Chairman
of VDA Tran Quang Trung described the event as a major trade promotion event
to connect domestic and foreign businesses. Several
conferences discussing the development of the local dairy industry in the new
normal conditions; the use of high technology in dairy farming and Industry
4.0 and the role of milk, and dairy products in enhancing the people's health
and in preventing the COVID-19 pandemic will be held on the sideline of the
event, Trung said. Despite
the prolonged pandemic, the domestic dairy industry still produced over 1.76
billion litres of fresh milk in 2021, up 3.5 per cent year-on-year. Powdered
milk production volume also saw positive growth of 14.5 per cent year-on-year
to 150,000 tonnes, congthuong.vn reported. In 2021,
the sector had a turnover of nearly US$300 million. Among its export outlets
last year, Iraq was the largest one, accounting for over 50 per cent of the
sector's total export value. Hau Giang's investment promotion
conference slated for June The
conference, slated to be held from June 15 to June 18, will create favourable
conditions for domestic and foreign businesses to learn about the province's
mechanisms and policies, its investment incentives besides its prioritised
projects, director of the provincial Department of Planning and Investment
Tran Ngoc Hung told a press conference in HCM City on Wednesday. Five
seminars discussing Hau Giang's potentials and opportunities in the fields of
industry, agriculture, urban development, tourism and IT will be held on the
sidelines of the conference. Recently,
the province approved the list of 35 projects seeking foreign direct investment
between now and 2025. These
projects, worth a total US$876 million, are in a wide range of sectors
including construction of industrial zones and clusters, industry, farming,
trade and service, tourism, and healthcare. VND5.1-trillion southern region bridge
approved The
Ministry of Transport has approved a VND5.1-trillion (USD219.82 million)
project to build the Rach Mieu 2 Bridge across the Tien River. The
information was given by chairman of Ben Tre Province People’s Committee Tran
Ngoc Nam. The
project is aimed to ease traffic on National Highway 60 and shorten the
travel time from HCM City to the Mekong Delta provinces of Ben Tre, Tra Vinh,
Soc Trang, Bac Lieu and Ca Mau. According
to Nam, the ministry has also approved a project worth VND1.158 trillion to
build roads to lead to Rach Mieu 2. Work on
the Rach Mieu 2 Bridge is scheduled to be kicked off on March 29. Project
capital will be sourced from the state budget. The
bridge will be 17.6 kilometres long and has six lanes. It is slated for being
put into operation in 2026 at the latest. Around
48 hectares of land will be used for bridge construction, affecting some 800
households in Ben Tre. Roughly VND457 billion will be used for site clearance
and compensation for the affected households. Three tollgates in HCMC ordered to
install ETC systems by July The HCMC
government on May 27 asked three investors of build-operate-transfer (BOT)
projects to promptly install non-stop electronic toll collection (ETC)
systems by July. The An
Suong-An Lac toll station developed by IDICO needs to install the ETC systems
on four of its lanes, while the HCMC Infrastructure Investment JSC has been
ordered to install the systems on eight lanes of the tollgate on the Hanoi
Highway. Vicem Ha
Tien JSC is asked to install the non-stop ETC systems at the BOT tollgate on
the road linking Nguyen Duy Trinh Street and the Phu Huu industrial park in
Thu Duc City before putting it into service for toll collection. The city
assigned the HCMC Departments of Transport and Planning and Investment to
oversee and evaluate the installation of ETC systems at these tollgates, the
local media reported. On the
same day, the municipal government sent a report on the process of installing
non-stop ETC systems at tollgates in the city to the prime minister. The city
proposed not installing the systems on some lanes of the two toll stations as
toll collection will be suspended there, including the Phu My bridge toll
station on Vo Chi Cong Street in Thu Duc City and the tollgate on Nguyen Van
Linh Street in District 7. The two
stations have only four or five years of toll collection to be completed and
charge road users low rates, while the cost of installing the ETC systems is
very high, according to the report. Yeah1 chairman wants to make
divestment Nguyen
Anh Nhuong Tong, chairman of Yeah1 Group Corporation (YEG), has announced to
sell his four million-plus shares, or a 12.89% stake, at the corporation. The
transaction is expected to take place from June 1 to 10 under the put-through
and order-matching methods. Tong said the share transfer is aimed at
addressing his personal financial issues. Tong
made the move several days after YEG publicized documents for its annual
shareholders’ meeting in 2022 which is planned to take place on June 15. According
to the documents, YEG will seek its shareholders’ approval for a plan to
increase its charter capital by issuing more than 78.64 million shares at
VND10,000 each to no more than 100 investors. The
share issue is expected to help YEG earn over VND786.4 billion. Of the total,
YEG will use over VND572 billion to expand its investment in digital-tech
media, technology, fintech and other relevant sectors to develop the firm’s
ecosystem. YEG will
invest VND73 billion in the technology infrastructure and use some VND140
billion to pay debt. Hanoi accelerates planning for
industrial parks Hanoi
would accelerate the planning for industrial parks in the city during the
2021-2030 period, with a short-term goal of putting into operation five new
ones before 2025. Deputy
Secretary of the Hanoi Party Committee Nguyen Thi Tuyen gave the remarks at
the signing ceremony of a cooperation agreement between the Hanoi Industrial
and Export Processing Zones Authority (HIZA) and local districts on
industrial parks management on May 26. A report
from HIZA revealed it has attracted US$20 million injected into four new
projects and $61 million into existing projects during the first five months
of 2022. HIZA
estimated total investment capital during the first half of 2022 would reach
$100 million, or 25% of the plan for 2022. To date,
industrial parks in Hanoi are home to 707 operational projects with a
combined investment capital of $7 billion, half of which came from foreign
investors with a capital commitment of over $6.1 billion. For the
six months, the revenue of companies operating in industrial parks in Hanoi
is estimated at $4.86 billion, and their export earnings were $3.12 billion. HIZA is
expected to attract an additional $400 million in investment capital in the
last half of 2022, and launch the construction of one new industrial park
this year. HCM City to host ICT trade fair Vietnam
ICTComm 2022, an international IT, telecom and electronics trade show, will
be held in HCM City from June 9 to 11 after a gap of two years. The
event will also feature international pavilions. Taiwan
Excellence will be organised by Taitra for firms to showcase software and
hardware products and services and innovative and energy-saving products and
solutions. The Hong
Kong pavilion hosted by the Hong Kong Software Industry Association will show
off the latest AI, POS, finance/banking and e-commerce solutions, cloud
computing and cyber-security services, online education platforms, and
augmented and virtual reality technologies. There
will be B2B match-making, conferences and seminars hosted by experts to
provide domestic and international firms with opportunities to exchange
information, learn, share experiences, transfer technologies, and contribute
to improve their competitiveness. The
exhibition, endorsed by the Ministries of Information and Communications and
Industry and Trade, and organised by Adpex JSC, the Việt Nam Internet
Association, the Việt Nam Association for Information Processing and the Việt
Nam Digital Communication Association, will be held at the Saigon Exhibition
and Convention Centre in District 7. Hai Duong ships Thanh Ha lychees to
Japan The
northern province of Hai Duong held a ceremony on May 29 to ship the first
batch of lychees grown in Thanh Ha district to Japan. The
ceremony was part of a conference held on the same day by the Hai Duong
provincial administration, in collaboration with the Ministry of Industry and
Trade and the Ministry of Agriculture and Rural Development, to promote the
trade in Thanh Ha lychees. The
conference was virtually connected to other localities in Vietnam and venues
in 10 countries and territories worldwide, namely China, the United States,
France, Germany, the United Kingdom, Australia, Belgium, Japan, the Republic
of Korea and Hong Kong (China). About
300 foreign importers worldwide took part in the conference in the online
platform. Vietnam enjoys trade surplus of US$520
million over five months Vietnam
produced an estimated export surplus of US$520 million in the past five
months, an impressive figure that shows the country’s economy is gathering
steam and its foreign trade is up and running from the impact of the COVID-19
pandemic. It’s
noteworthy that the economy endured an import surplus of up to US$1.2 billion
between January and May 2021. The
General Statistics Office (GSO) reported on May 29 that Vietnam earned
US$30.48 billion from export in May, a month-on-month fall of 8.5%. However,
its five-month exports fetched US$152.81 billion, an increase of 16.3% year
on year. There
are 26 export commodities that raked in more than US$1 billion each. Of them,
five groups of commodities that attained an export value of more than US$5
billion each, are electronics, computers and components; machinery and
equipment; phones and spare parts; garments; plastics; and iron-steel. Also
according to the GSO, the index of industrial production (IIP) in May 2022
increased by 4% over the previous month and by 10.4% over the same period
last year. Overall, the past five months saw the IIP rise by 8.3% compared to
the same period last year. FDI disbursement up 7.8 % in five
months Up to
US$7.71 billion worth of foreign direct investment (FDI) was disbursed in the
first five months of this year, up 7.8 % from the same period in 2021,
according to the Ministry of Planning and Investment. As of
May 20, total FDI in Vietnam, comprising new, adjusted capital and share
purchases by foreign investors, dropped 16.3 % year-on-year to reach only
US$11.71 billion. There
were 578 new projects worth nearly US$4.12 billion, down 53.4 % in value, and
395 others registering to increase their investment by more than US$5.61
billion, up 45.4 %. The accumulative value of share purchase by foreign
investors also rose 51.6 % to US$1.98 billion. Foreign
capital has been poured into 18 out of 21 economic sectors, with processing
and manufacturing making up the lion share, US$6.8 billion or 58.2 % of the
total investment, followed by real estate, information-communications, and
science-technology. Among
the 79 countries and territories investing in Vietnam in the reviewed period,
Singapore took the lead with nearly US$3 billion, followed by the Republic of
Korea (RoK), US$2.06 billion, and Denmark, some US$1.32 billion. The
southern province of Binh Duong, the northern province of Bac Ninh and Ho Chi
Minh City attracted the most foreign investments, with more than US$2.52
billion, nearly US$1.65 billion and over US$1.3 billion, respectively. Aquatic exports likely to reach 3
billion USD in Q2 The exports
of aquatic products are expected to fetch 2.8-3 billion USD in the second
quarter, a year-on-year increase of 36-38 percent, thanks to the strong
growth of key products, according to Le Hang, deputy director of the Vietnam
Association of Seafood Exporters and Producers (VASEP)’s Training and Trade
Promotion Centre. The
aquatic export value in March exceeded 1 billion USD for the first time. In
April, it continued to grow, obtaining 1.13 billion USD, raising the
four-month value to more than 3.6 billion USD, a year-on-year increase of
46.8 percent. Aquatic
exports in the second quarter are forecast to continue enjoying impressive
growth as a bright future is predicted for key products. Vietnam
exported 406 million USD worth of shrimp in April, up 35 percent compared to
the same period last year, bringing the four-month export turnover to 1.36
billion USD, a year-on-year rise of 41.5 percent. Strong
growth was recorded in tra fish shipments to some markets in the period, such
as China with 161 percent, the US 128 percent, and Canada 69 percent. The
increasing demand for Vietnam's key aquatic products post COVID-19 in large
consumer markets including the US and China, rising prices and supply
shortages due to the impact of the Russia-Ukraine conflict are offering an
opportunity for export firms. Vietnam’s media consumption grows
strongly: YouGov Media
consumption in Vietnam has soared as people watched, listened, and surfed
online more often in 2021, according to new research from YouGov, a market
research and data analytics company headquartered in the United Kingdom. The
first-ever “Vietnam Media Landscape” report, based on interviews with 2,369
people across the country, also found that the growth in consumption
continues to rise in 2022, with streaming and on-demand services shaking up
the traditional media environment. Over
two-thirds of people used digital platforms such as social networks (69%) or
websites and apps (66%) more often over the last 12 months. Meanwhile, around
half streamed more music (49%) and read more newspapers or magazines either
in print or online (47%). Streaming
services such as Netflix and Amazon Prime (41%) also became more popular over
the last 12 months. However, traditional media channels such as live TV (36%)
saw slower growth in 2021. These
trends are set to continue into 2022, with digitization driving growth in
media consumption across platforms and channels. Catch-up TV and
video-on-demand are set to be amongst the biggest winners, with a 10% rise
compared to 2021. However,
there are significant differences between age groups when it comes to digital
media consumption. Those born after 1997 – known as ‘Gen Z’ – are driving the
growth in music streaming, with around half planning to stream more songs in
2022, around double the figure for “Boomers”, or those born before 1965.
Meanwhile, people born between 1981 and 1996 – otherwise known as
‘Millennials’ – are behind the growth in video streaming. The rise
in digital media is also boosting the readership of print and online newspapers
and magazines. Other than boomers, all age groups are predicting an increase
in news media consumption in 2022. However,
in an ever-more crowded media marketplace, with a growing number of sites
competing for consumers, traditional publishers face new challenges in
attracting audiences and keeping them for the long term. Source:
VNA/SGT/VNS/VOV/Dtinews/SGGP/VGP/Hanoitimes |
Không có nhận xét nào:
Đăng nhận xét