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Regina Miracle project increases capital to US$500 million

The Regina Miracle International Vietnam Project has increased its investment capital to US$500 million from US$350 million. The project, invested by Regina Miracle International of Hong Kong (China), received investment certification in 2014 with total registered capital of US$150 million at the Vietnam-Singapore Industrial Park based in the northern port city of Hai Phong. It […]

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FDI to Vietnam is mostly from Asia, with South Korea ranked first

The great advantages of Vietnam’s business environment and its membership in FTAs and the AEC have helped to attract many investors from Asia. The Ministry of Planning & Investment (MPI) report said that in the first eight months of the year, foreign investors pledged to invest $23.36 billion in Vietnam, an increase of 45 percent […]

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Vietnamese leader Nguyen Van Binh attends third Eastern Economic Forum

Head of the Vietnamese Party Central Committee’s Economic Commission Nguyen Van Binh is currently attending the third Eastern Economic Forum which opened in Vladivostok city, Russia, on September 6. This year’s forum themed ‘The Russian Far East: Creating a New Reality’ has attracted the participation of nearly 5,000 delegates who are State leaders, entrepreneurs, experts […]

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Vietnam PM supports maximized decentralization for Ho Chi Minh City

Prime Minister Nguyen Xuan Phuc has emphasized the need to maximize delegation to Ho Chi Minh City to facilitate its development, by allowing the southern economic hub to perform several tasks under the power of ministry and Government levels in the area. On Wednesday, at the Government headquarters in Hanoi, the PM hosted a working […]

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Vietnam’s spending deficit sees sharp fall in eight months of 2017

Vietnam’s 2017 spending deficit as of August 15 fell by 63.8% from the same period of 2016, which the National Financial Supervisory Commission (NFSC) attributed to improved revenues from oil and export activities. Official data showed that the government revenues reached almost VND707 trillion (US$ 31.1 billion), up 17%, while spending was estimated at VND747 […]

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Warnings over previous Made in Vietnam car failure

Director of Xuan Kien Automobile Joint Stock Company (Vinaxuki) Bui Ngoc Huyen claims the failure of Made in Vietnam cars was particularly due to capital difficulties. Huyen said that he carried out research on Made in Vietnam car production and they had been highly appreciated by the National Council for Science and Technology Policy. After […]

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Vietnam central bank admits shortcomings after violating protocols

Acknowledging its limitations and inadequacies, the State Bank of Vietnam (SBV) said it will thoroughly implement all of the Prime Minister’s instructions by adopting solutions to enhance the quality and the efficiency of its operations while improving its inspections of the banking sector. Its determination comes after the central bank was found guilty of violating […]

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Vietnamese catfish exporters need to unite as exports face trade barriers

Analysts say that Vietnamese catfish exporters are willing to ‘fight to the death’, but they refuse to band together to discuss solutions to settle common problems. Duong Ngoc Minh, called the Catfish King, chair of Hung Vuong JSC, deputy chair of VASEP (Vietnam Association of Seafood Exporters and Producers ) and chair of the Fresh […]

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Vietnam to build customs bond system

The Global Alliance for Trade Facilitation (GATF) will help Viet Nam to establish a customs bond system – part of the country’s efforts to modernize and reform administrative procedures relating to import and export. The GATF and the Viet Nam Private Sector Forum (VPSF) launched their joint project on customs bond last Friday, aimed at […]

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