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FOLs will help banks revamp

FOLs will help banks revamp

A rise in foreign ownership limits is needed to importantly help Vietnam speed up the local banking sector’s restructuring.

Viettel officially licensed to expand in Myanmar

Viettel officially licensed to expand in Myanmar

Vietnamese military-run telecom giant Viettel has officially received the license to build a new telecom network in Myanmar.

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Coverage of Abe’s visit to Vietnam in Japanese media

Coverage of Abe’s visit to Vietnam in Japanese media

The official visit to Vietnam by Prime Minister Shinzo Abe has made headlines in Japan on January 17.

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No extension for VRG divestment plan: Deputy Minister

No extension for VRG divestment plan: Deputy Minister

The Vietnam Rubber Group (VRG) cannot delay its plan to divest by June 2017, said Deputy Minister of Agriculture and Rural Development Ha Cong Tuan.

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M&A in banking sector perking up for 2017

M&A in banking sector perking up for 2017

The year has only begun, but signs are pointed to an exciting time ahead for the banking sector with vigorous mergers and acquisitions (M&As) activities.

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VinaCapital seeking opportunities in equitised SOEs in 2017

VinaCapital seeking opportunities in equitised SOEs in 2017

VinaCapital currently has $120 million in cash and is looking to invest in private or equitised companies in 2017. Andy Ho, CEO of VinaCapital, talked to VIR’s Thu Huong about the company’s plans to use the cash and assessed the prospects of the Vietnamese stock market.

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Suspicions abound Alma Resort

Suspicions abound Alma Resort

Paradise Bay Resort Co., Ltd., the developer of Alma Resort in the central province of Khanh Hoa and also the first to introduce the “vacation ownership” format in Vietnam, may be cheating customers by incorporating unclear information into contracts.

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Ministry proposes tax hikes on petrol, plastic bags

Ministry proposes tax hikes on petrol, plastic bags

The Ministry of Finance has proposed, in a draft law, to almost triple the environmental protection tax on oil and gas consumption from the current VND3,000 (US$0.13) to VND8,000 per litre.

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Viet Nam to attend World Economic Forum in Switzerland

Viet Nam to attend World Economic Forum in Switzerland

A Vietnamese delegation led by Prime Minister Nguyen Xuan Phuc will attend the annual World Economic Forum (WEF) 2017 in Davos, Switzerland from Tuesday to Friday.

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MOIT to take over control of milk formula prices

MOIT to take over control of milk formula prices

The Ministry of Finance (MoF) on Friday delivered documents to the Ministry of Industry and Trade (MoIT) regarding the management of 877 formula milk products for children less than six years old. The Domestic Market Department under the MoIT will be responsible for managing the prices of these products.

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Recapturing growth on strength of sound policy

Recapturing growth on strength of sound policy

After a period of crisis, the Vietnamese real estate market has started down a path of stable growth. Deputy Minister of Construction Do Duc Duy talked about the contributing factors to this success and the ministry’s plans to create more conducive policies to reinforce this growth.

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Series of Vietnamese exporters fall prey to Canadian scammer company

Series of Vietnamese exporters fall prey to Canadian scammer company

The Vietnamese Association of Seafood Exporters and Producers (VASEP) claimed several Vietnamese seafood exporters have been cheated out of hundreds of thousands of dollars in their transactions with Echopack Inc. based in Quebec, Canada.

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Vietnam, China trade balance shows improvement

Vietnam, China trade balance shows improvement

Vietnam’s trade deficit towards China was $25.5 billion in the first 11 months of 2016, a significant decrease since 2014 and 2015’s over $40 billion.

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MoIT gives overview of 2017 plan

MoIT gives overview of 2017 plan

With a series of money-losing, state-funded industry projects in the background and the divestments of state-run firms on the horizon, Minister of Industry and Trade Tran Tuan Anh gave his outlook for the year ahead to VIR’s Phuong Thu at the sidelines of the ministry’s 2016 review meeting on January 11.

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PM affirms support for US investments in Viet Nam

PM affirms support for US investments in Viet Nam

Prime Minister Nguyen Xuan Phuc on Thursday asked the US’s Harbinger Capital Partners LLC (Harbinger) to expand investments in Viet Nam.

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MoT budget confirmed

MoT budget confirmed

The Vietnamese transport sector disbursed an estimated VND63.68 trillion ($2.89 billion) in 2016, meeting 82.6 per cent of the annual target.

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