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Vinhomes aims for $1.4 billion profit this year

Vinhomes aims for $1.4 billion profit this year

This ambitious target comes as the company anticipates substantial contributions from several key projects slated for unveiling in the latter half of the year

Novaland strikes deal to convert bonds to shares, easing debt pressures

Novaland battles debt woes despite restructuring drive

Korea imposes anti-dumping duties on Vietnam’s alloy imports at 4.06 per cent

The Korean Ministry of Strategy and Finance (MOST) has decided to impose anti-dumping duty on Ferro-Silico-Manganese alloys (HS code: 7202.30.0000) imported from Vietnam, India and Ukraine, according to Vietnam Office Trade in Korea.

Japanese brewery Kirin withdraws investment from Sabeco

Kirin and Asahi, two Japanese breweries are not expected to bid for Sabeco's stake in the auction on this December 18.

Carlsberg takes its preemtive right to become Habeco’s largest stakeholder

The Danish brewery Carlsberg currently holds a 17.3 per cent stake in Habeco, one of Vietnam's biggest brewers based in Hanoi, and has a preemptive right to buy Habeco shares when the government divests its stake in the company.

Vietnam Beverage still dubious about registering for Sabeco auction

Vietnam Beverage is a newly-established company in Vietnam, 49% of which is indirectly held by BeerCo Ltd, a ThaiBev-owned brewer based in Hong Kong is considering to join in the Sabeco auction as the registration deadline on December 17th is coming.

ADB revises its forecast on Vietnam's 2017 and 2018 GDP growth to 6.7 per cent

The Asian Development Bank (ADB) upgrades its growth prospects for Vietnam to 6.7 per cent in both 2017 and 2018 compared to previous forecasts of 6.3 per cent and 6.5 per cent, respectively.

Hoa Phat Group opens up business deals with four largest Australian iron ore producers

In order to create a stable and long-term supply source of iron ore for steel mills, Hoa Phat Group (Hoa Phat) has worked with the four largest iron ore producers in Australia, according to the Group.

Competition Agency authorizes Mobile World acquisition of Tran Anh

The Division of Competition and Consumer Protection (under Ministry of Industry and Trade) has just announced its approval of Mobile World JSC (Mobile World)’s acquisition of Tran Anh Digital World JSC (Tran Anh) despite some concerns it would reduce the number of competitors in the retail market for IT products.

World Bank strongly commits to support Vietnam to address challenges of rapid urbanization and climate change

During the first visit to Vietnam, World Bank Vice President for Sustainable Development, Laura Tuck reaffirmed the World Bank Group’s continued support for Vietnam as the country addresses the challenges of rapid urbanization and the impacts of climate change.

MoF rejects Uber’s complaints about tax arrears of nearly US$3 million

The Ministry of Finance (MoF) has rejected the Netherlands-based Uber International Holding BV’s complaints about the decision to collect VND67 billion (nearly US$3 million) in tax arrears in a statement sent to the US-ASEAN Business Council.

US$88-million hotel project commenced in Ha Long Bay

Project of Double Tree by Hilton Hạ Long Bay Hotel & Condotel which is invested by Tri Duc Hotel Joint Stock Company was commenced on December 06, 2017.

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