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Giants of Korean entertainment industry enter Vietnam market

Giants of Korean entertainment industry enter Vietnam market

More and more giants of the Korean entertainment industry enter Vietnam in many different ways and are gradually coming to dominate the market.

Nipro starts work on new $300 million facility in Vietnam

Nipro starts work on new $300 million facility in Vietnam

Nipro Pharma Corporation – Japan’s biggest prescription drug contract manufacturer – is expanding its operations in Vietnam with a new project worth $300 million in the Saigon Hi-Tech Park (SHTP).

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Enabling domestic private sector investment in Vietnam

Enabling domestic private sector investment in Vietnam

Vietnam has consistently rated poorly in global measures of domestic private sector development, a key to the country’s future economic success, said experts at a recent forum in Hanoi.

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Khanh Hoa to build 27-hole golf course

Khanh Hoa to build 27-hole golf course

Prime Minister Nguyen Xuan Phuc has approved investment of Lotus Cam Ranh Golf Course project in the south-central province of Khanh Hoa.

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Ton Dong A storms domestic steel industry

Ton Dong A storms domestic steel industry

Starting off as a small steel sheet factory 18 years ago, Ton Dong A Corporation has become a leading coated steel producer in Vietnam.

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Human resources shortage key bottleneck in Vietnam’s IT revolution

Human resources shortage key bottleneck in Vietnam’s IT revolution

Vietnam needs 1 million workers in information technology and digital content creation but now there are only 300,000 people in this field, pointing to a need to improve the quality of education and tailor it to the need of companies.

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Stocks draw TPP-vacated foreign interest

Stocks draw TPP-vacated foreign interest

Despite geo-political uncertainties around the globe, the Vietnamese stock market is poised for strong growth this year thanks to a flurry of new listings and the government’s drive to develop the market. Bill Stoops, chief investment officer at Dragon Capital, shared his thoughts on the situation with VIR’s Nam Phuong.

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Alma Resort handing out invalid certificates

Alma Resort handing out invalid certificates

Besides anomaly in representative offices and unreasonable clauses in the contract, the certificate that Paradise Bay Resort Co., Ltd...

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Hanoi hospitals seek external funding

Hanoi hospitals seek external funding

In a bid to raise capital and improve medical treatment services, Hanoi is seeking both local and foreign investors to buy stakes in public hospitals it owns.

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Online hotel booking sites must pay taxes

Online hotel booking sites must pay taxes

The Ministry of Finance has confirmed the tax obligation of overseas-based online hotel booking service providers with Vietnam-sourced income.

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Nghi Son Refinery may not be eligible for preferential selling price

Nghi Son Refinery may not be eligible for preferential selling price

PetroVietnam may not have to purchase the products of Nghi Son Refinery and Petrochemical Complex (NSRP), a joint venture between PetroVietnam, Kuwait Petroleum International, Idemitsu Kosan, and Mitsui Chemical International, at the preferential price earlier agreed upon.

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Major realty projects drive early FDI

Major realty projects drive early FDI

Supported by strong liquidity in 2016, a range of foreign invested real estate projects in major Vietnamese cities is expected to launch for sale in 2017.

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Deutsche Bank remains steadfast in Vietnam?

Deutsche Bank remains steadfast in Vietnam?

Jens Ruebbert, chief country officer at the Ho Chi Minh City Branch of Deutsche Bank AG, shared with VIR’s Nam Phuong the branch’s commitment to the country despite recent incidents that plagued the bank’s overseas activities and his thoughts on the mergers and acquisitions wave in Vietnam.

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Owners’ stand-off immobilises Splendora

Owners’ stand-off immobilises Splendora

The Splendora project, in which Posco E&C holds 50 per cent, does not look like it is going to be completed by 2018 as was planned earlier due to a recent proposal submitted to the local authorities to adjust the 1/500 planning of the project.

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TPP flop a thorn in rosy future

TPP flop a thorn in rosy future

Though the US has cancelled its participation in the Trans-Pacific Partnership, which is expected to have drawbacks for both Vietnam and the US, Vietnam’s economic outlook remains bright without the deal. Sesto Vecchi, managing partner of US law firm Russin & Vecchi, gives VIR his analysis.

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Big sell-off in VinaCapital’s recent real estate strategy

Big sell-off in VinaCapital’s recent real estate strategy

VinaCapital-owned funds have divested from a number of real estate assets in Vietnam, supposedly including the long-held Sofitel Legend Metropole Hanoi Hotel, as the investment firm restructured its strategy.

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