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Economy

Other crops to be planted on 120,138ha of rice fields in the south

Other crops to be planted on 120,138ha of rice fields in the south

Some 120,138 ha of rice fields affected by a lack of water and saltwater intrusion in the southern region will be used to grow other crops in 2018, according to the Department of Crop Production under the Ministry of Agriculture and Rural Development (MARD). 

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Vietnam’s banking system records $440bil in total asset

Vietnam’s banking system records $440bil in total asset

The total assets of the Vietnamese banking system surpassed 10 quadrillion VND (440 billion USD) in late 2017, according to the State Bank of Vietnam. 

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Whitebook 2018: Vietnam – an attractive destination for foreign investment

Whitebook 2018: Vietnam – an attractive destination for foreign investment

Vietnam has many competitive advantages when it comes to being an attractive destination for foreign investment, according to the European Chamber of Commerce in Vietnam (EuCham)’s Whitebook 2018.

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Domestic businesses expect positive impacts by CPTPP

Domestic businesses expect positive impacts by CPTPP

Many domestic businesses expect the newly signed CPTPP will bring positive effects on Vietnam through the expansion of export market along with access to the abundant materials sources in CPTPP member countries. 

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HCMC tops Vietnam E-commerce Index 2018

HCMC tops Vietnam E-commerce Index 2018

Ho Chi Minh City again leads the country in e-commerce, according to the Vietnam E-commerce Association (VECOM)’s Vietnam E-commerce Index 2018, released at the Vietnam Online Business Forum 2018 on March 14 in Hanoi.

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Banks expect a bumper crop

Banks expect a bumper crop

The season for the banking world’s annual general meetings is fast approaching as shareholders pay particular attention to issues of bank profit, bourse listings, the safety of bank deposits, and the reshuffling of senior personnel.

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Billions of dollars ready for disbursement in property market

Billions of dollars ready for disbursement in property market

The Vietnamese real estate market in 2017 welcomed a record-high number of foreign investors, especially from Japan, South Korea, Singapore and China.  

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Vietnam’s steel and aluminum pose no threat to US manufacturers: Ministry

Vietnam’s steel and aluminum pose no threat to US manufacturers: Ministry

The steel and aluminum imports from Vietnam only serve the purpose of civil construction, not being used for infrastructure construction or security-defence industry, and as such do not compete directly with manufacturers of the United States, announced the Vietnamese Ministry of Industry and Trade (MOIT) on March 9.

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Bright horizons for resort property development

Bright horizons for resort property development

Vietnam’s tourism industry has entered a period of vigorous growth along with the growing demands for hotels and accommodation, giving fresh impetus to the development of resort property.

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Resort property awakens to competition

Resort property awakens to competition

Sleeping through the hard winter years, the princess of the real estate sector the resort property segment is now awake, for the joy of keen developers and investors. However, the princess is not the sole bachelorette anymore: she is now in a contest with other beauties.

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To the next step

To the next step

Thirty years have now passed since the National Assembly introduced the Law on Foreign Direct Investment (FDI) in 1987; one of the best legal frameworks on FDI in the region at the time and adopted well ahead of similar laws in Indonesia and Thailand, for example, on 100 per cent FDI capital. The Committee for Investment Cooperation issued licenses using very simple administrative procedures, which attracted foreign investors. 

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Vietnamese startups: the other side of the coin

Vietnamese startups: the other side of the coin

Vietnam is witnessing an active startup movement with young people rushing to set up businesses. But experts warn that enthusiasm alone won’t ensure success.   

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Indonesia and Thailand to resume car exports following Decree 116

Indonesia and Thailand to resume car exports following Decree 116

Indonesia and Thailand, Vietnam’s two major car exporters, are trying to provide the Vehicle Type Approval (VTA) certificates to reopen car exports to the country after Decree 116 tightened quality checks.

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The 21 groups and corporations to be run by “the Super Committee”

The 21 groups and corporations to be run by “the Super Committee”

Groups and corporations run by ministries and agencies will be shifted to the Committee for State Capital Management after the launching of this committee.

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Vietnam makes significant progress in sustainable finance reforms

Vietnam makes significant progress in sustainable finance reforms

Emerging markets have become a major force in driving development and fighting climate change as 34 countries, including Vietnam, have initiated banking reforms to expand sustainable lending, according to the first comprehensive Global Progress Report of Sustainable Banking Network (SBN).

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EU gives 108m euros for Vietnam`s energy

EU gives 108m euros for Vietnam`s energy

The European Commission and the Ministry of Industry and Trade (MoIT) officially launched the European Union (EU) – Viet Nam Energy Facility worth 108 million euros on Tuesday in Hanoi.

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