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Budget Vietjet announces Jakarta-Ho Chi Minh City route

The budget carrier Vietjet announced the direct flight connecting Indonesia’s Jakarta with Vietnam’s Ho Chi Minh City during a ceremony in Jakarta on August 22, 2017. Attending the event were Deputy Prime Minister and Foreign Minister Pham Binh Minh, Secretary of the Hanoi municipal Party Committee Hoang Trung Hai, and senior officials from the two […]

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VND expected to see end-of-2017 dip

The Vietnam dong is expected to depreciate by two percentage points at the end of 2017, ending a period of stability that lasted throughout the year. Since the start of this year, the USD/VND exchange rate remained relatively stable, hovering around VND22,700 to the dollar. However, this period of calm is likely to end soon, […]

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Vietname finance minister urges Japan to increase investment in Vietnam

Indirect investment from Japan into Việt Nam remain relatively modest compared to the potential of Japan and the ability to absorb investment capital sources of Vietnamese market, finance minister Đinh Tiến Dũng said. Dũng made the statement on Monday at a conference in Tokyo co-hosted by the Việt Nam’s Ministry of Finance and Daiwa Corporation […]

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Vietnam transport ministry to raise airport service charges

HÀ NỘI — The Ministry of Transport will increase service charges at airports to compensate for investment costs of the airport system and raise service quality. According to a regulation issued last week, the take-off and landing charge will increase by 5 per cent from October 1, 2017 to June 30, 2018, on average. It […]

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Vietnam’s ODA disbursements rise in the second half of 2017

The disbursement of public investment and official development assistance-based capital through the end of the year is expected to reach government targets. Tran Quoc Phuong, head of the Department of General Economic Affairs under the Ministry of Planning and Investment (MPI)-which manages the country’s public investment and official development assistance (ODA)-said, “Almost 100% of public […]

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More Vietnamese investment funds receive licenses as Vietnam stock market thrives

A manager of TVAM said TVAM would launch the new fund – TVGF2 – a closed-end fund in early October. It will be listed on HOSE. Observers commented that more funds are being set up because of improved management and increased demand for investment because of the thriving stock market. PVI, a fund management company, […]

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Capella begins Tam Thang 2 industrial park construction in Quang Nam

Capella Quang Nam Joint Stock Company, a subsidiary of Capella Land JSC, has begun construction of Tam Thang 2 Industrial Park in the central province of Quang Nam. The park, which has an investment capital of VND350 billion (US$15.4 million), is expected to be ready in two years. The project is located in Quang Nam […]

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Technology to turn Vietnamese cashew-nut shells into “gold”

Cardanol is a natural phenol obtained from anacardic acid, the main element of cashew nut shell oil. The oil is highly effective against metal corrosion and is used in many industries. Cashew nuts are one of Vietnam’s important industrial crops. According to the 2013 statistical yearbook, the total output of cashew in Vietnam reached 289,900 […]

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Foreigners will be allowed to own houses in Vietnam for up to 99 years

On August 2 2017, the Government Standing Committee met to discuss the proposed law on special administrative-economic units and changes in the land law concerning foreign ownership of property. Prime Minister Nguyen Xuan Phuc has said it is necessary to create a special legal framework to attract investment in special zones. A draft law will […]

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