Press

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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Coffee export soars in two months

Bao Dau Tu Vietnam was estimated to ship 273,000 tonnes of coffee abroad for 616 million USD in the first two months of 2017, down 7.3 percent in quantity but up 22.3 percent in value compared to the same period last year. Top importers Germany and the US accounted for 16 percent and 14.7 percent

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Siam Cement to pick 25% more in Vietnam’s Long Son Petrochem for $36.1m

Nguyen Thi Bich Ngoc http://www.dealstreetasia.com Siam Cement Public Company (http://www.dealstreetasia.com/tag/scg/) (SCG), through its Vietnam-based subsidiary Vina SCG Chemicals, has entered an agreement to acquire all of the 25 per cent holding in Long Son Petrochemicals held by QPI Vietnam Limited, a subsidiary of Qatar Petroleum. If the transaction goes through, SCG will increase its stake

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Shares recover on new cash flows

VNS HÀ NỘI – Shares rebounded yesterday on the two exchanges after declining for three days, with new cash flows flooding the market. The benchmark VN-Index on the HCM Stock Exchange recouped 0.72 per cent to close at 712.62 points, narrowing its weekly loss to just 0.3 per cent. On the Hà Nội Stock Exchange, the

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Business Briefs January 17, 2017

Intellasia * CNG Vietnam Company (C G) said its revenue reached an estimated D893.8 billion in 2016, surpassing the full-year plan by 7 percent, and its net profit amounted to VND 112.4 billion, exceeding the target by 6 percent. CNG is 56 percent held by PetroVietnam Gas Corporation. * Ting Chek Hua, a board member

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Budget carrier Vietjet sells over 24% stake to 26 foreign investors

Deal StreetAsia Vietjet is selling more than 24 per cent stake to 26 foreign investors after, the budget airline increased its charter capital from VND2 trillion to VND3 trillion, according to a report in the local investment ministry’s publication Bao Dau tu. Of the 73 million shares the budget airline is offloading, nearly 6.6 million

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Danang resort uncontested world leader for three years in a row

Early this month, InterContinental Danang Sun Peninsula Resort of leading Vietnamese real estate developer Sun Group has again been honoured by the World Travel Awards as the World’s Leading Luxury Resort at the grand final gala held at The Sun Siyam Iru Fushi in the Maldives. InterContinental Danang Sun Peninsula Resort has become the first

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Multi-billion dollar power complex steps closer to becoming reality

VIR The US’ ExxonMobil Corporation is eager to exploit Ca Voi Xanh (Blue Whale) gas field stretching across the central provinces of Quang Nam and Quang Ngai to serve the power and petrochemical industries. At the recent meeting with Paul Greenwood, vice president for Americas, Africa and Asia Pacific Business Development at ExxonMobil Gas &

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