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Mystery company may continue gobbling up failing steel giant

Mystery company may continue gobbling up failing steel giant

Over the last few months, Thai Hung Trading Joint Stock Company (Thai Hung) repeatedly purchased huge numbers of Thai Nguyen Iron and Steel Corporation’s stocks (Tisco—Ticker TIS on HoSE, HNX, and UPCoM), and it is rumoured that it will continue expanding its ownership in Tisco.

FDI disbursement up in H1

FDI disbursement up in H1

Foreign direct investment (FDI) disbursement experienced a year-on-year increase of 6.5 per cent to US$7.72 billion in the first half of this year, statistics from the Foreign Investment Agency revealed.

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World Bank stands behind seed sector in Mekong countries

World Bank stands behind seed sector in Mekong countries

On June 27, the World Bank Group and the Ministry of Agriculture and Rural Development co-organised a regional workshop targeting to support high-quality seed sources for farmers as well as build regulations in the certification and licensing of seeds in Mekong countries.

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Fiscal discipline indispensible to close Vietnam’s budget deficit

Fiscal discipline indispensible to close Vietnam’s budget deficit

If fiscal discipline is upheld in allocating budget expenditures following the approved budget estimates, while revenues are mobilised in line with budget capacity achieved by local governments, the state budget will face less severe deficits and even enjoy surpluses in some years.

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Making good on Phu Yen’s promise

Making good on Phu Yen’s promise

In its quest for development, the central province of Phu Yen owns many advantages, but there is still a gap between theory and practice.

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City needs $5.6b for projects

City needs $5.6b for projects

HCM City is seeking more than VNĐ128 trillion (US$5.63 billion) in investment between now and 2020 for socio-economic development, according to the city’s Department of Planning and Investment.

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Deputy PM works with World Bank on trade facilitation

Deputy PM works with World Bank on trade facilitation

Deputy Prime Minister Vương Đình Huệ worked with the World Bank on Monday to discuss trade facilitation, logistics development and the national single window mechanism.

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Manulife holds historic Global Investor Day in Vietnam

Manulife holds historic Global Investor Day in Vietnam

Leading international financial services group Manulife Financial Corporation has held its first ever Global Investor Day based in Asia, with Ho Chi Minh City being one of two cities in Asia to host the event.

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Ocean Bank finds new foreign owner

Ocean Bank finds new foreign owner

A source of VIR revealed that the zero VND Ocean Commercial Joint Stock Bank (Ocean Bank) has been sold to a foreign bank in Asia.

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IPO to look out for: VRG’s mega-land bank

IPO to look out for: VRG’s mega-land bank

With a massive land fund, Vietnam Rubber Group (VRG) is a name many investors pay close attention to. However, due to its huge capitalisation, VRG has yet to select a strategic investor, although there are only a few days until its initial public offering (IPO).

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E-commerce logistics industry faces harsh competition

E-commerce logistics industry faces harsh competition

The rapid growth of freight forwarders in Viet Nam has put pressure on e-commerce businesses to seek new avenues for development.

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VIR reporters receive two National Journalism prizes

VIR reporters receive two National Journalism prizes

Reporter Pham Anh Minh and the trio of Nguyen Phong Lan, Bui Thu Trang and Do Thi Men  received two national journalism awards at the 11th National Journalism Award 2016 ceremony on June 21.

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EU becomes Vietnam’s companion in green energy development

EU becomes Vietnam’s companion in green energy development

Vietnam Energy Partnership Group has been launched by the Ministry of Industry and Trade and the Delegation of the European Union to Vietnam in order to attract resources, boost the effectiveness of high-level policy consultations, and implement energy security goals and sustainable growth commitments.

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Korean, Chinese companies on list of low-quality contractors

Korean, Chinese companies on list of low-quality contractors

21 transportation construction contractors working in Vietnam have been classified as “average” in quality.

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MTA Vietnam brings strongest line-up to date

MTA Vietnam brings strongest line-up to date

MTA Vietnam 2017, the international precision engineering, machine tools, and metalworking exhibition, recorded strong participation of foreign companies and exhibitors.

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New tax policy has no blind spots

New tax policy has no blind spots

The new price range for the calculation of the natural resource tax that will come into effect from July 1, 2017is found to be remarkably wide. Moreover, in specific cases, the highest price used to calculate the tax is 1.42 times as much as the minimum level. Still, Nguyen Huu Tan, deputy director of the Tax Policy Department under the General Department of Taxation, told VIR’s Manh Bon that illegal profiteering is simply not possible with this tax policy.

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