Press

Minister optimistic about achieving economic growth target

VNA Minister and Chair of the government Office Mai Tien Dung said the economic performance in the January-August period is very positive, raising hope about achieving the target of 6.7 percent economic growth this year. During a press conference following the monthly government’s meeting in Hanoi on August 30, Dung said the government and the

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Vietnam attracts $11 billion of foreign investment in first four months

The Saigon Times As much as $10.95 billion in foreign investment flowed into Vietnam in the first four months of this year, including from mergers and acquisitions (M&A) deals, the Foreign Investment Agency (FIA) said. The amount represents a rise of 40.5 percent over the same period last year. According to the Ministry of Planning

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Vietnamese consumers the most socially-conscious in Asia-Pacific

VET Vietnamese consumers are the most socially-conscious in Asia-Pacific according to the Corporate Sustainability Report from Nielsen released on April 26. The report indicates that up to 86 per cent of consumers in Vietnam are willing to pay higher prices for products and services that come from companies that are committed to positive social and

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Interbank rates fall sharply

Interbank rates has fallen sharply from 0.26 percent to 0.98 percent for all terms while SBV continued to inject net capital into the market for the second consecutive week with a net amount of nearly 10 trillion dong. According to BVSC’s weekly newsletter from April 17 to April 21, SBV injected 38 trillion dong through

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Vietjet seeks shareholder approval to lift foreign ownership

Nikkei Company’s ultimate aim is to raise funds overseas to meet rising demand Vietnam’s low-cost carrier  will seek shareholder approval to raise the upper limit of foreign ownership to 49% from 30% at an annual general meeting on April 20. Around 26% of the airline is now held by foreign owners, including a 5.4% stake

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Rent-A-Port leads in green foresight

VBN Rent-A-Port NV, the Belgium-based major investor of Deep C Industrial Zones, has made green growth and sustainability central focuses of its mission in Vietnam. Earlier this month, Rent-A-Port’s subsidiary Rent-A-Port Green Energy inked a memorandum of understanding (MoU) with the Ministry of Agriculture and Rural Development (MARD) on wind and solar-driven micro-desalination, to solve

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FDI in industrial property ranks the first

BAO DAU TU Vietnam-Singapore Industrial Park III in Binh Duong province invested by Vietnam Singapore Industrial Park (VSIP) was the leading project among 11 FDI projects in real estate sector in February 2017. The industrial park covers a planned area of 1,000 hectares in Hoi Nghia commune (Tan Uyen town) and Tan Lap commune (Bac

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Tax agency criticised for poor inspection work

The Saigon Times The inspection work of the general Department of Taxation in 2012-2014 contained several shortcomings and mistakes that affected the interests of businesses. This is a conclusion of the government Inspectorate of Vietnam published on Monday. In this conclusion, the agency reveals a series of shortcomings and weaknesses of the general Department of

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