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Vietnam targets 6.6-6.8% GDP growth in 2019

Vietnamese Prime Minister Nguyen Xuan Phuc.

Vietnam is targeting economic growth of between 6.6 percent and 6.8 percent in 2019, Prime Minister Nguyen Xuan Phuc said on Monday. In a speech to the lawmaking National Assembly, the government leader said foreign direct investment inflows into Vietnam this year will likely reach a record US$18 billion. He …

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FastGo drives into provincial markets in Vietnam

FastGo launched its services in southern provinces of Dong Nai, Binh Duong.

Vietnamese ride-hailing app FastGo has expanded its services to Dong Nai and Binh Duong, provinces neighboring HCMC. FastGo aims to cater to high travel demand within the southern provinces and for commutes between the provinces and Ho Chi Minh City Nguyen Huu Tuat, general director of FastGo Vietnam, said that …

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The dark side of FDI in Vietnam

A male worker doing the laundry in a neighborhood near an industrial zone in Ho Chi Minh City.

Cheating and overexploitation of workers are among the myriad of negative impacts FDI has had on Vietnam. Large corrugated metal roofs, small corrugated metal roofs and farmland. Satellite images of Tan Vinh Hiep Commune in the southern province of Binh Duong don’t show much more, but on the earth, these …

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Vietnam retains current price ceilings on domestic flights

Landing area of Noi Bai International Airport in Hanoi capital.

While several carriers want the price ceilings for domestic flights raised, inflation concerns have prevailed, for now. The current price ceiling, fixed by the Transport Ministry in August 2015, is set to remain unchanged for the time being as a new draft circular on air transportation rates. Under the draft …

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Low-cost housing increasingly scarce in HCMC

Low cost housing is in increasingly scarce in HCMC.

A severe land shortage and lengthy legal procedures have prevented construction of affordable apartments, a new report says. The report, prepared by property consultancy firm DKRA Vietnam, said that from mid-2017 onwards, the Grade C apartment segment, comprising low-cost commercial housing priced at $1,000 per square meter or less, has …

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‘Competing with Giants’ seeks to inspire, advance

Tran Uyen Phuong, vice chairwoman of THP, shares her experience of writing the book.

The interest that faculty and Harvard classmates showed in the story of her family-run business prompted the book, says Vietnamese entrepreneur. Competing with Giants, the first book by a Vietnamese author published by ForbesBooks, was recently released in Vietnam. The book, co-authored by Tran Uyen Phuong with British journalist Jackie …

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