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All Vietnamese businesses can import cars now

All Vietnamese businesses can import cars now

The Ministry of Industry and Trade (MoIT) has released a draft decree that all businesses can import cars provided they fulfil the required conditions and get a car import licence.

Private investment up in 2017

Private investment up in 2017

Grant Thornton Vietnam Limited’s 16th survey of the Vietnamese private equity sector showed largely positive economic progress and optimism for the country’s level of investment attraction.

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Johnson & Johnson under fire over cancer charges

Johnson & Johnson under fire over cancer charges

On May 4, 2017, a Missouri court ordered Johnson and Johnson to pay $110 million in damages to Lois Slemp for developing ovarian cancer after decades of using talc-based feminine hygiene products. This was the largest sum awarded to date in the five talc trials since 2016. While the classification of talc as a carcinogen is mired in scientific (and political) debate, the decision is expected to bring about a landslide of further lawsuits, adding to the 2,400-3,000 already filed proceedings.

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APEC 2017: New Vision and Position of Viet Nam

APEC 2017: New Vision and Position of Viet Nam

The APEC Year 2017 is a significant opportunity to highlight the spirit and intellectual capacity of Viet Nam’s foreign affairs, particularly the multi-lateral diplomacy, said Deputy PM, FM Pham Binh Minh in a recent article.

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MPI proposals to hit 2017 growth target

MPI proposals to hit 2017 growth target

To reach the 6.7 per cent growth target by the end of the year, Vietnam’s Gross Domestic Product (GDP) must grow by 7.1 per cent during the last nine months. Given the current situation of the economy, this goal seems to be a tall order.

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PM calls for further investment from New Zealand

PM calls for further investment from New Zealand

PM Nguyen Xuan Phuc called on New Zealand businesses to invest more in Viet Nam at a reception for visiting Trade Minister of New Zealand Todd McClay in Ha Noi on May 8.

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DOC cancels anti-dumping review

DOC cancels anti-dumping review

The US Department of Commerce (DOC) was rescinding the administrative review of the anti-dumping duty order on steel wire garment hangers from Viet Nam, said Viet Nam Competition Authority (VCA) under the Ministry of Industry and Trade.

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SBIC investment certificate for South Cam Ranh IZ to be revoked?

SBIC investment certificate for South Cam Ranh IZ to be revoked?

After leaving its project in South Cam Ranh Industrial Zone in the central province of Khanh Hoa abandoned for eight years, Shipbuilding Industry Corporation (SBIC) may soon lose its licence to develop the project.

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Việt Nam preparing for UNESCO’s recognition for Hạ Long-Cát Bà

Việt Nam preparing for UNESCO’s recognition for Hạ Long-Cát Bà

Việt Nam will submit an application for UNESCO recognition of the famed Hạ Long Bay and Cát Bà Island as an expanded World Heritage Site by February next year.

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Senior Party official loses Politburo membership

Senior Party official loses Politburo membership

A high-ranking Party official has received an official warning and been dismissed from the Politburo of the Party Central Committee for past wrongdoings as the head of a national economic corporation.

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GE’s blueprint for renewable energy

GE’s blueprint for renewable energy

Renewable energy is a pillar of a sustainable energy ecosystem – one which the Vietnamese government has tabbed for 10 per cent of its total energy draw by 2030. 

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Viettel accelerating foreign expansion

Viettel accelerating foreign expansion

Military-run mobile carrier Viettel is planning to expand its footprint to Nigeria and Indonesia, accessing a total of 450 million people in the two countries, nearly doubling the total population of its existing investment markets.

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Vietnamese government to inspect suspicious aluminium stockpile of alleged Chinese origin

Vietnamese government to inspect suspicious aluminium stockpile of alleged Chinese origin

Deputy Prime Minister Trinh Dinh Dung requested some ministries to team up and verify rumours about a company in the southern provonce of Ba Ria-Vung Tau possibly importing Chinese aluminium for the purpose of exporting in order to evade anti-dumping tariffs.

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FDI attraction in Jan-April period in review

FDI attraction in Jan-April period in review

As of April 20, as many as 734 newly-registered projects were granted with investment certificates with a total registered capital of US$4.88 billion, equal to 96% of the same period last year, according to the Foreign Investment Agency, under the Ministry of Planning and Investment.

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Government still indecisive in raising tax, fee on pick-ups

Government still indecisive in raising tax, fee on pick-ups

The Ministry of Finance (MoF) has not yet decided on a change in the special consumption tax and registration fee applicable to pick-ups.

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Bank bad debts, 12 super-projects incur loss of millions of USD

Bank bad debts, 12 super-projects incur loss of millions of USD

The Q4 2016 audited finance report of the Thai Nguyen Iron & Steel Corporation (Tisco) shows that the company had debts of VND6.078 trillion, half of which were short-term debts. The figure is 2.2 times higher than the stockholder equity.

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