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MIST Tourism, Hospitality, and Travel Tech Program opens for applications

MIST Tourism, Hospitality, and Travel Tech Program opens for applications

Destination Mekong and the Mekong Business Initiative (MBI) announced their 2018 Mekong Innovative Startups in Tourism (MIST) business support programs are now open for applications.

Vincom Retail chosen as the best private equity deal with foreign investors owning nearly 400 million shares

With a record value of US$741 million, Vincom Retail has been named by the FinanceAsia magazine as “The Best Private Equity Deal” in 2017.

Doubled import tax obstructs the entrance of used cars to Vietnam

From January 1st, 2018, the tax on imported cars will increase by thousands of dollars as the application of a new decree, hindering the entrance of used cars to Vietnam.

Samsung attained record profits US$19 billion in Vietnam, more than double its invested capital

Although Samsung disbursed only more than US$10 billion, its factories in Vietnam earned a profit of US$19 USD after seven years of operation.

Fintech Challenge Viet Nam to catalyze financial inclusion

The first-ever Fintech Challenge Viet Nam was officially launched today at the State Bank of Viet Nam (SBV) with the support of the Mekong Business Initiative, a program funded by the Government of Australia and the Asian Development Bank (ADB) and sponsored by the Viet Nam Bankers Association and the Viet Nam Fintech Club.

Sherwood Suites in Ho Chi Minh City offers expansive new choice

Sherwood Suites, a plush apartment-only property in a prime location near the heart of Ho Chi Minh City, aims to offer travelers luxury and flexibility as it celebrated its grand opening in the end of this October.

IFC lends VIB US$185 million to develop SMEs and strengthen housing segment

The financing package of International Finance Corporation (IFC) aims to address two key development challenges in Vietnam - the financing gap faced by micro, small and medium enterprises (SMEs) and the lack of affordable housing.

Mekong Agritech Challenge unleashes technology and entrepreneurship to transform agriculture

Startups and agritech solution providers from around the world can join forces in the Mekong Agritech Challenge (MATCh) to transform the Mekong region’s agricultural industry into a leading global supplier of “safe and nutritious food for all”.

Vietnam Airlines plans to list on bourse by early 2018 and divest state shares down to 51 per cent

Vietnam Airlines is moving forward to its turning point with the planned listing on the Ho Chi Minh City Stock Exchange (HOSE) in the first quarter of 2018, which reduces the state share to 51%.

Innovative urban solutions for development of smart cities

Up to three winners of the Smart City Innovation Challenge (SCIC) were cash prized and will be fast-tracked to the cities’ acceleration programs to help localize their solutions, thereafter securing projects if agreed milestones are met.

A Hong Kong group becomes a major shareholder of Vinamilk

The Singapore’s Jardine Cycle & Carriage Limited (JC&C), acquired a total of 5.53 per cent stake in Vietnam Dairy Products JSC (Vinamilk) with the value at US$616.6 million through Platinum Victory Pte Ltd.