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Chinese corporations expand investment in Vietnam

Chinese corporations expand investment in Vietnam

Power China, BYD, China Rare Earth Group, Haosen electronic battery company are among the Chinese enterprises planning to make new investments in Vietnam in the near future.

Vietnam's economic rise fuels European optimism

Vietnam's economy sees glimmer of hope amidst challenges

Hidden cost inhibits merger and acquisition deals just tallying at US$5 billion a year

Providing financial transparency is one of the significant barriers preventing M&A (mergers and acquisitions) in Vietnam from developing as expected.

Hai Phong calls for hefty investment in two billion-dollar projects of railroad and industrial park

The two billion-dollar projects in which investment is called for are identified as the construction of a Railroad to Hai Phong International Port and the Industrial Park for Japanese companies in the North.

Sabeco’s shares are announced to have offer price at US$14.1 each as its auction session looms

The Ministry of Industry and Trade (MoIT) has announced the offer price of Saigon Beer - Alcohol - Beverage Corporation (Sabeco)’s shares at VND320,000 (US$14.1) each for the auction on December 18, which was Sabeco’s closing price on November 28, 217.

Formosa steel and Nui Phao mineral mining firms put under special environmental control

Twenty eight firms, including Formosa Ha Tinh Steel Corporation (FHS) and Nui Phao Joint-venture Co., Ltd., are subject to special environmental control under the scheme on special environment control implemented by the Ministry of Natural Resources and Environment (MoNRE).

Inbound FDI into Vietnam sets a new record of US$33 billion in the first eleven months

Vietnam attracted US$33.09 billion in registered foreign direct investment (FDI) during the first eleven months of the year, an 82.8 per cent increase over the corresponding period last year.

National Assembly concerns about plans to apply property tax on a pilot basis in Hochiminh City

Nearly all National Assembly members agreed to apply new regulations for Hochiminh City (HCMC) on a pilot basis, but doubts remain over property taxation.

16 decrees approved to be amended in unity to remove 675 sub-licenses

The Ministry of Industry and Trade (MOIT) has submitted to the government a proposal to use a decree to amend several decrees, in order to rapidly reduce the number of business conditions that hinder business.

Canadian corporation seeks opportunity to invest in Noi Bai - West lake urban railway

At the meeting with Deputy Prime Minister Trinh Dinh Dung on November 22, Richard Courey, Chairman of Vision Transportation Group (VTG) expressed the group’s desire to invest in the urban railway No.2 connecting Noi Bai airport and the West lake in the form of public-private partnerships (PPPs).

Leaders of banks are not allowed to chair other businesses

According to the National Assembly’s Economic Committee, many bank chairpersons are also leading other corporations, posing detrimental impacts on the operation and security of the banking system.

The U.S. rescinds an administrative review of the countervailing duty on Vietnam's steel nails

The U.S. Department of Commerce (DOC) has announced to rescind the administrative review of the countervailing duty (CVD) order on certain steel nails (steel nails) from Vietnam for the period January 01, 2016, to December 31, 2016, according to Vietnam Competition Authority.

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