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MFast raises fund for expansion

MFast raises fund for expansion

Financial service app MFast has raised $2.5 million in a funding round led by Ascend Vietnam Ventures with participation from Wavemaker Partners and existing investors Do Ventures & JAFCO Asia.

Bank tycoons arrested for making a hefty loss

The Investigation Police Bureau for Economic Management Order Offences (C46) issued a warrant to prosecute and arrest two Sacombank officials – Tram Be (former Vice Chairman of Sacombank’s Board of Directors and former Chairman of Sacombank’s Credit Council) and Phan Huy Khang (former General Director of Sacombank).

A high-profile official turns himself in after a 10-month international arrest warrant

On July 31, 2017, the Ministry of Public Security said that Trinh Xuan Thanh, former Vice Chairman of Hau Giang Province, former Chairman of Petro Vietnam Construction Joint Stock Corporation (PVC) ... turn himself in to the police.

Legal frame on special administrative economic zones drafted on track

The drafting board regarded the proposed special administrative-economic model for Vietnam to be a combination of Chinese and Korean models.

PM refreshes a new think-tank to advise strategic policies

Viet Nam’s Prime Minister Nguyen Xuan Phuc has recently established his new advisory group for economic issues. The think tank is comprised of Vietnamese economists and experts, some of whom are working abroad.

Stakeholders still fail to compromise on minimum wage increase

The debate on minimum wage increase is ongoing during the second meeting held by Viet Nam’s National Wage Council (NWC). And again, stakeholders failed to find a common ground.

US imposes a rising anti-dumping duty on Viet Nam’s shrimp exports

An increase by 0.26 per cent from 1.16 to 1.42 per cent in the anti-dumping duty (ADD) will be imposed on shrimp exported to US during the period of 12 months since February, 2013, a move as a result of change of reference country.

Profits of ever largest Thach Khe iron mine estimated at US$35 billion raised doubts

Thach Khe iron mine is valued at US$35 billion, according to many experts, however, the economic profits when resuscitating the largest iron project in Southeast Asia have to be seriously considered.

Resuscitate the exploitation of ever biggest Thach Khe iron mine: Selection and exchange

Although, the economic profits of exploitation of Thach Khe iron mine is still potential, environmental and social consequences are very annoying.

Nearly 73,000 newly established businesses registering capital of US$31 billion as of early 2017

The number of newly established corporations is nearly twice as high as the number of temporarily suspended and dissolved ones.

A ban removal on locals thrives casino industry

The government has just lifted the ban which forbade Vietnamese nationals from playing at local casinos, paving the way for the gambling industry emerging in the country.

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