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Bắc Kạn teems with minerals, mining potential: PM

Bắc Kạn’s rich mineral deposits and timber plantation potential were highlighted to prospective investors by Prime Minister Nguyễn Xuân Phúc yesterday. Addressing an investment promotion conference in the northern province, he said that with large deposits of lead, zinc and iron, Bắc Kạn had a lot of potential to develop …

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VN economy needs new drivers for growth

Vegetables grown in a glass house. The Vietnamese economy was growing but needed to find new drivers for growth, experts said. The Vietnamese economy urgently needs to find new drivers for growth in the period from 2018-20 to achieve rapid but sustainable development, Deputy Prime Minister Vương Đình Huệ said …

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MoC to sell entire holding in DIC Group

Đại Phước Lotus project invested by DIC Group. The Ministry of Construction has decided to offload the entirety of its 49.65 per cent stake in the company. The Ministry of Construction has decided to offload its entire holding of 118.26 million shares, equivalent to 49.65 per cent, in Development Investment …

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Bank cross-ownership, a tough problem to crack?

Vietcombank recently said it has received permission from the State Securities Commission to sell its stakes in the HCM City-based Saigon Bank for Industry and Trade (Saigonbank) and Việt Nam Cement Finance Company. The Joint Stock Commercial Bank for Foreign Trade of Việt Nam, as the lender is formally known, …

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VN-Index expected to hit 870 points this week

On the Ho Chi Minh Stock Exchange, the VN-Index expanded 2.9 per cent last week, closing November 10 at 868.21 points. This is the sixth straight week of gains for the VN-Index with cumulative growth of 8.2 per cent since October 2. Investors watch share prices on electric boards at …

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Concern over Vinawaco capital loss

The largest problem for the Việt Nam Waterway Construction Joint Stock Corporation (Vinawaco) is its losses and debts, which reached VNĐ138 billion (US$6.13 million). Three years after an initial public offering (IPO), Việt Nam Waterway Construction Joint Stock Corporation (Vinawaco) has not transferred the State’s capital from the transport ministry …

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Govermment Bond Market Experiences Sluggish Sales

A sluggish period seems in store for the Government bond market. This follows the second November auction session at which the Vietnam State Treasury (VST) acknowledged only VNĐ140 billion (US$6.2 million) from bond sales out of a total VNĐ2 trillion ($89 million) on offer. Government employees handle bonds at the …

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HCMC Boots Sensors Industry

HCM City authorities have committed to creating favourable conditions for the development of a Micro Electro Mechanical Systems (MEMS)/Sensors industry. “The MEMS/Sensors industry has tremendous potential and development opportunities in HCM City. The city plans to co-operate with domestic and foreign businesses in the field of investment and technology transfer, …

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Contrasting visions as APEC CEO Summit closes

In strong speeches laying out widely differing visions on the future of international trade, the presidents of China and the US yesterday stressed the importance of regional peace and security to stable, sustainable growth. Addressing around 2,000 CEOs at the closing session of the APEC CEO Summit 2017, American President …

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VN firm builds $40m housing project in US

HQC USA LLC, a member of Vietnamese property developer Hoàng Quân Group, recently held a groundbreaking ceremony for a US$40 million mixed-use development project at Tacoma City, Washington. The seven-storey HQC Tacoma is the first overseas project of Hoàng Quân Group. Covering more than 3,000sq.m on 1210 Tacoma Avenue South, …

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