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Wood industry: Sustainable development

Despite the constantly strong growth posted by the wood industry over the past few years, wood enterprises are aiming for a higher target: sustainable development, environmental protection and greater export turnover through higher added value. Vietnam’s wood processing industry has maintained a high growth rate over the years, said Nguyen …

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ODA and the trap of preferential loans

Vietnam has been using ODA for 25 years

Vietnam, which has been using ODA (official development assistance) capital for 25 years, has looked at the situation realistically and found the problems of ODA. Economists began giving warnings about the ‘ODA trap’ many years ago. And most recently, the Ministry of Planning and Investment (MPI) released a report showing …

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Banks banned from disclosing client information

The Government has issued Decree 117/2018 directing local credit institutions and branches of foreign banks to ensure that information remains confidential about their clients, and only provide information in line with the 2010 Law on Credit Institutions and relevant legal documents. Information about bank account passwords, as well as clients’ …

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Foreign investors rush to buy into Vietnamese businesses

FIA's report shows increasingly high interest of foreign investors in Vietnam

Nearly 5,000 deals involving foreigners buying into Vietnamese businesses have been reported so far this year, an increase of 50 percent compared with 2017. The Foreign Investment Agency’s (FIA) report shows increasingly high interest of foreign investors in Vietnamese businesses with $5.28 billion worth poured into businesses through 4,551 deals …

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Vietnamese banks sound alarm over cybercrime

Vietnam has become a hotbed of cybercrime, with criminals becoming increasingly sophisticated while banks still using old, insecure technologies.

Many banks in Vietnam have reported about customers losing information about their accounts to criminals through phishing attacks and other methods. In a recent statement Techcombank said it had detected many cases of fraud and misappropriation of money by faking Western Union transactions. The criminals would send victims fake Techcombank …

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High return draws private equity investments to Vietnam

Mobile World Group is Mekong Capital’s most successful private equity investment

Vietnam is emerging as one of the world’s hottest markets for private equity investments thanks to its high rate of return, driven by the country’s rapidly growing economy and the government’s fine-tuned policies. Mekong Capital has recently announced that its Mekong Enterprise Fund II (MEF II) has successfully divested 100 …

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Investors race in opening convenient stores

A GS25 store in Vietname

Foreign investors are racing to bring convenience stores to Vietnam’s nearly untapped market and battling to modernize the chains in a move to find a firm foothold in the potential outlet. Mushrooming stores Vietnam has continuously welcomed new players joining its retail market in the first half of this year. …

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