MARKET SNAPSHOTS WEEK 13/2023
The F&B market is vibrant despite customers tightening their wallets: The familiar Katinat chain in Ho Chi Minh City is about to open 3 stores in Hanoi
Before Katinat Saigon Kafe, another popular brand in Ho Chi Minh City, Cheese Coffee, has also moved North, opening its first store on Le Dai Hanh Street (Hai Ba Trung District). From the beginning of 2023, the recruitment page of the Katinat Saigon Kafe coffee chain has continuously posted vacancies for barista, store manager and service positions in the Hanoi market. Not just one, this chain is recruiting for 3 stores at Nguyen Chi Thanh (Dong Da District), Phan Dinh Phung (Ba Dinh District) and Ly Thuong Kiet (Hoan Kiem District). Before 2021, Katinat Saigon Kafe only had about 9 small branches located in District 1 and District 3, one in Bien Hoa (Dong Nai). Currently, the stores of this chain all have large and high-rise spaces, commonly from 2 to 3 floors.
More than 1 billion USD of bonds were raised by Decree 08
On March 6th, the Government issued Decree 08/2023 amending, supplementing and suspending the effect of a number of articles on the offering and trading of individual corporate bonds in the domestic and international markets economic. This Decree has introduced many new points such as allowing enterprises to pay principal and interest of bonds due with other assets, extending the term not more than 2 years, postponement of regulations on professional securities investors and bond distribution time. Many experts believe that Decree 08 has the most positive impact on real estate businesses with large outstanding short-term bonds. However, experts also believe that this is just a legalization and the long-term story still needs to wait for more solutions. In just over 10 days since Decree 08/2023/ND-CP took effect, there have been 9 successful capital mobilizations with a total value of up to VND 23,825 billion.
Another half a billion USD invested in Binh Duong
On March 25th, Binh Duong Provincial People's Committee granted investment licenses to 4 new projects and increased investment capital for 2 projects with a total of more than 500 million USD in the program "Start-up - Connect - New Development". In particular, the joint venture between Becamex Corporation and Warburg Pingcus Investment Fund (USA) is entitled to an increase of investment capital of 300 million USD to implement industrial real estate projects, jewelry and accessory factory projects jewelry by Pandora Group (Denmark) with a total investment of 163 million USD, the project of manufacturing and processing electric bicycles of Vision Mobility Limited Company, with investment capital of 6.6 million USD and the project of Chyfly Technology and Trading Co., Ltd., produces plastic beads with an investment of 6.5 million USD.
领英推荐
Large US enterprises look forward to cooperating with Vietnam
On the afternoon of March 21th, the US-ASEAN Business Council (USABC) held a press conference to provide detailed information about the US business delegation's trip to Vietnam to celebrate the 10th anniversary of the two countries comprehensive partnership. The President of USABC assessed that Vietnam is a vibrant investment environment, but many US businesses have never invested in Vietnam, that's why this time, 52 businesses have come to Vietnam. As the 8th strategic partner of Vietnam, President Ted said that the US is ready to cooperate with Vietnam in many fields, especially the supply chain. The USABC side provides a detailed list of participating companies that will participate, including 3M, Abbott, AES, AIG, Amazon Web Services, Apple, Bay Global Strategies, Bell, Boeing, Citi, Coca - Cola Beverages Vietnam,...
Accor launches Emblems Collection brand at 'Pearl Island' - Vietnam
Accor, the region's largest and leading international hotel management brand continues to consolidate its leading position in Vietnam with the signing of an Emblems Collection management agreement in Phu Quoc - a new resort destination, Luxury, iconic of Accor Group. This also marks the launch of the Emblems Collection brand in the Vietnamese market. Expected to open in 2025, Emblems Phu Quoc will own a prime location on the soft sand of Bai Sao, facing the ocean at the southern tip of the beautiful "Pearl Island".
3,900 billion VND to build Ho Chi Minh road through Kien Giang and Bac Lieu provinces
The Prime Minister has just issued a Decision approving the investment policy of the project to build Ho Chi Minh road in the Rach Soi - Ben Nhat (Ben Nhut) section, Go Quao - Vinh Thuan. Specifically, the project has a length of nearly 52km, passing through the two provinces of Kien Giang and Bac Lieu. In particular, the Rach Soi - Ben Nhat section is more than 11km long, this route coincides with the existing National Highway 61. As for the Go Quao - Vinh Thuan section with a length of more than 40km, go in the direction from the separation point of National Highway 61, cross Cai Lon river, Cai Tau river, Nga Ba Dinh canal and then merge with National Highway 63, section in Vinh Thuan district (Kien Giang Province). According to the Decision, the route has a design speed of 80km/h, a size of two lanes, a road surface width of 11m in phase 1, a total investment of more than 3,900 billion VND, from the state budget. The construction project of Ho Chi Minh road at the Rach Soi - Ben Nhat, Go Quao - Vinh Thuan sections, when completed and put into use, will contribute to improving the exploitation capacity, reducing traffic accidents, and promoting the role of Ho Chi Minh road in connecting between localities.