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News

ASEAN cần rút kinh nghiệm để tránh rơi vào vết xe đổ của EU

  • EU Ambassador to Vietnam Bruno Angelet said he hopes the EU-Vietnam Free Trade Agreement (EUVFTA) will be implemented in early 2018 as committed by the two sides, despite the British’s vote to leave the EU.
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Businesses fear loan interest rate hikes as banks pay more for deposits

  • Commercial banks have hiked deposit interest rates, raising fears about a concomitant lending rate hike, which would deal a big blow to local enterprises that are already struggling to compete with their foreign rivals who can borrow at much lower rates from foreign banks.
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VN stocks extend losses on low investor confidence

  • Vietnamese shares slid further in the early session as investor confidence remained low after the British people voted to leave the European Union (EU).
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Dong insulated from Brexit fallout

  • Vietnam’s economy as well as its currency is unlikely to be adversely affected by the UK’s decision to opt out of the European Union.
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Confectionery giant KIDO plans to sell remaining 20 pct stake in snack unit

  • KIDO Corp. (formerly Kinh Do Corp.) plans to sell its remaining stake in its snack business to a foreign company this year, local media reported Friday.
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Effordability and quality merge in Nam Long project

  • Nam Long, one of the leading privately-owned real estate developers in Vietnam, has recently launched 450 affordable villas and townhouses under the Valora brand name. VIR’s Bich Ngoc talked to CEO of Nam Long Steven Chu Chee Kwang about the new brand and his expectations for Nam Long towards the year’s end.
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TPP controversy over ISDS

  • Trans-Pacific Partnership (TPP) negotiations among the 12 member countries concluded on October 5, 2015 in Atlanta, the US. These included Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the US, and Vietnam. Combined, the GDP of these countries equals 40 per cent of the global economy. The TPP agreement includes 30 chapters and various annexes covering trade and trade-related issues to permit comprehensive market access with regional approach and a platform for regional economic integration.
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HCM City steps up efforts to attract big investors

  • HCM City has set an ambitious goal to become a value-added service center similar to other East Asian cities, attracting investment from world-renowned corporations.
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JICA helps VN restructure SOEs, banking

  • Deputy PM Vuong Dinh Hue hailed the Japan International Cooperation Agency (JICA)’s researches into State-owned enterprises (SOEs) and banking restructuring, regarding them as crucial assistance and policy consultancy for the Vietnamese Government.
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Hanoi greenlights Disney-esque park

  • The Hanoi People’s Committee has approved the plan to build 198-hectare Kim Quy (Golden Turtle) Amusement Park, inspired by Disneyland Hong Kong, in Dong Anh district, according to newswire VOV.vn.
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Hanoi finds investors for 43 projects

  • HANOI - The government of Hanoi City is finding investors for 43 projects planned for implementation this year at a total cost of VND372.25 trillion (US$16.6 billion)
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Experts want SME law adopted soon

  • HCMC, HANOI - Economic and management experts and National Assembly (NA) deputies have called for relevant agencies to quickly improve a draft law on support for small and medium enterprises (SMEs) so that the National Assembly could pass it to create a legal foundation for SMEs to grow.
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Ho Chi Minh City requests special mechanism as budget too small for growth

  • Allowing Ho Chi Minh City to be administered under a special mechanism is a call leaders of Vietnam’s economic hub have made consistently, yet has remained unanswered for years.
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Korean firms to build solar power plants in Vietnam’s Central Highlands

  • Households in the Central Highlands province of Dak Lak will soon have electricity sourced from solar power as two Korean power firms are to build photovoltaic power plant projects there.
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