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Major drink producer Tan Hiep Phat seeks foreign investors

  • According to the Wall Street Journal, Tan Hiep Phat Beverage Group, one of the largest drink firms in Vietnam, is seeking foreign investors, through selling a minority stake. According to a close source, if the deal is completed, Tan Hiep Phat can be valued up to $2 billion.
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HCM City seeks Japan investors for key projects

  • The HCMC government is calling for Japanese firms to get involved in four major projects, including the long-planned Saigon Safari in Cu Chi District.
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China's white-collar wages outstrip Southeast Asian salaries

  • The labor cost advantage enjoyed by some Southeast Asian economies over China goes beyond factory jobs, according to a new study by Willis Towers Watson.
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Thailand's Central Group acquires online fashion retailer Zalora in Vietnam: report

  • Germany's Rocket Internet has closed a deal to sell its online fashion marketplace Zalora in Thailand and Vietnam for around US$10 million each to Thailand's retail giant Central Group, news website TechCrunch reported Monday.
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South Korea, Japan, Singapore scouting for real estate opportunities in Viet Nam

  • On April 12 South Korean securities firm Mirae Asset Securities Co. announced it would join hands with global investment company AON BGN, a former AON Holdings, to take over Keangnam Hà Nội Landmark Tower in Hà Nội.
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6,7-star hotels needed in Ho Chi Minh City: municipal Party chief

  • Ho Chi Minh City is calling for investment in luxury hotels to meet its economic development, Secretary of the municipal Party Committee Dinh La Thang said in a meeting with a foreign investor on Saturday.
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Lotte Mart to open 60 outlets in Vietnam by 2020: executive

  • Lotte Mart seems poised to meet a goal of 60 stores in Vietnam by 2020, with the grand opening of the 12th outlet slated for next week, the Vietnamese division of the South Korean retail giant said on Thursday.
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LafargeHolcim Group considers restructuring its business in Vietnam

  • Cement manufacturer LafargeHolcim Group, a joint venture between Swiss Holcim Ltd. and French Lafarge Group, may withdraw from Vietnam due to the oversupply of cement in the domestic market.
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City seeks funds for key traffic infrastructure project

  • This central city is seeking a US$51.74 million loan to fund the Traffic Infrastructure Improvement Project for 2016-19.
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M&As popular in VN's real estate market

  • Vietnam has seen a series of mergers and acquisitions (M&As) in its property market in 2016, a trend expected to continue throughout the year.
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House prices in Vietnam may have bottomed out: industry group

  • House prices in Vietnam may have hit bottom and are likely to remain stable before rising again in 2018, industry insiders said at a conference in Hanoi
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Vietnam's central bank allays concerns about sharp rise in offshore savings

  • The State Bank of Vietnam has spoken up about a recent sharp rise in offshore savings of local banks, rejecting concerns that its monetary policy led to dollar funds moving overseas.
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Vietnam's real estate M&A deals top $1 billion in Q1: report

  • Foreign and Vietnamese investors spent at least US$1 billion in deals to acquire real estate projects in the first three months, the Ministry of Planning and Investment's news website Dau Tu reported Thursday, citing industry data.
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Ministry may let Besra dig a bigger tax hole

  • The Ministry of Natural Resources and Environment may be pressured into renewing the exploration licence for debtor Besra Group’s Bong Mieu gold mine, as the licence is set to expire this year.
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