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Tax code bogs down exports: VN cement firms

Tax code bogs down exports: VN cement firms

Local cement producers worry that their exported products could struggle to compete with foreign firms in term of price, a concern voiced at an online forum held in Ha Noi yesterday.

ACV abuses monopoly power, causes bad service quality at airports

ACV abuses monopoly power, causes bad service quality at airports

Airport Corporation of Vietnam, the sole airport company managing the 22 airports across the country, has recently been found committing several violations.

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First stage of Lien Chieu Port upgrade to cost $247m

First stage of Lien Chieu Port upgrade to cost $247m

Japanese consultants have recommended that Da Nang deploys the Public-Private-Partnership (PPP) model for the first stage of expanding the Lien Chieu Port, expected to cost VND5.58 trillion (US$247 million).

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More energetic label reforms needed

More energetic label reforms needed

Though the Ministry of Industry and Trade’s new circular has allowed enterprises more latitude in energy labelling requirements, firms are saying that bureaucratic tangles remain.

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Local drug firms captivate foreign clients with profits

Local drug firms captivate foreign clients with profits

2016 was a profitable year for Vietnam’s biggest pharmaceutical firms, making the lucrative industry more appealing for international groups.

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Misconduct charges irk trade official

Misconduct charges irk trade official

Ho Thi Kim Thoa, Deputy Minister of Industry and Trade, and her family have made headlines for owning significant stakes in Dien Quang JSC – a dominant lighting firm – as investigations began to determine if there are any conflicts of interest.

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GM plans to build, test thousands of self-driving Bolts in 2018

GM plans to build, test thousands of self-driving Bolts in 2018

DETROIT: General Motors Co plans to deploy thousands of self-driving electric cars in test fleets in partnership with ride-sharing affiliate Lyft Inc, beginning in 2018, two sources familiar with the automaker’s plans said this week.

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Toshiba troubles casts doubt on Vietnamese plans

Toshiba troubles casts doubt on Vietnamese plans

Toshiba’s colossal losses and the resulting distrust of creditors may negatively affect its operations in Vietnam and raise questions about the future of its plans here.

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EVN banned from investing in property, banking sectors

EVN banned from investing in property, banking sectors

Electricity of Viet Nam (EVN) is not permitted to mobilise capital to invest in the real estate and finance sectors.

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Sabeco officially dismisses Vu Quang Hai

Sabeco officially dismisses Vu Quang Hai

On February 16, 2017, Vu Quang Hai, the son of sacked former Minister of Industry and Trade Vu Huy Hoang, was officially dismissed from his positions at Saigon Beer, Alcohol and Beverage Corporation (Sabeco) as member of the board of directors and deputy general director.

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Samsung heir arrested in corruption probe

Samsung heir arrested in corruption probe

SEOUL: The heir of South Korean giant Samsung was arrested on Friday (Feb 17) as part of a probe into corruption and influence-peddling that caused President Park Geun-hye to be impeached.

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Subway Vietnam frantically looks for franchise partners

Subway Vietnam frantically looks for franchise partners

Six years after entering Vietnam, Subway, the world’s biggest fast food brand, is increasingly looking for franchising partners to reach the ambition of opening 50 restaurants in this market. 

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Toshiba won’t sell chip business before end of fiscal year, source says

Toshiba won’t sell chip business before end of fiscal year, source says

Toshiba has decided not to sell a stake in its chip business before the current fiscal year ends, a source close to the matter said Wednesday, in a move that makes certain the company will have a negative net worth at the end of the year.

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Toshiba warns of huge losses in US nuclear power unit

Toshiba warns of huge losses in US nuclear power unit

Toshiba warned Tuesday it was on track to book a $6.2 billion writedown in its US nuclear power business, prompting its chairman to resign as it hinted at a fresh accounting scandal.

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AkzoNobel and partners developing drone technology to make marine industry safer

AkzoNobel and partners developing drone technology to make marine industry safer

Safety in the marine industry is set to be improved after AkzoNobel, oil and gas tanker operator Barrier Group and DroneOps joined forces to develop a drone capable of remotely inspecting enclosed spaces and ballast water tanks.

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Berjaya: from zero to hero

Berjaya: from zero to hero

With investments in real estate, finance, and most recently lottery, chairman Vincent Tan showed his ambition to expand Berjaya Corporation’s footprint in Vietnam.

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