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Central Group to reinforce Vietnamese investments

 Thai conglomerate Central Group will invest an additional $500 million to expand its operations in Vietnam within the next five years, aiming to set firm roots in this potential market, according to newswire Bangkok Post.

Market analysts remain vigilant on market outlook

Stock analysts remain cautious on the market outlook this week in the context of a deficiency in supporting information as well as the weakening participation of foreign traders.

ODA disbursements rise in the year’s second half

 The disbursement of public investment and official development assistance-based capital through the end of the year is expected to reach government targets.

Capital for high-tech agriculture

High-tech agriculture is a key direction for economic development. A credit package of US$4.4 million for high-tech and clean agriculture is considered a nudge for agricultural enterprises to expand production. 

More investment funds receive licenses as stock market thrives

The Thien Viet Fund Management Company (TVAM) of Thien Viet Securities (TVS) on July 28 organized a ceremony to celebrate the first anniversary of the TVGF fund, where it announced the establishment of the second TVGF - TVGF2 fund.

Ex-Ocean Bank executives to be tried again this month

The first-instance hearing of Ha Van Tham, former chairman of the Board of Directors of the Ocean Commercial Joint Stock Bank, Ocean Bank, and his accomplices will reopen on August 28, according to the Hanoi People’s Court. 

Deputy PM demands tax hike reviews, experts beg to differ

Deputy Prime Minister Vuong Dinh Hue asked that the Ministry of Finance’s (MoF) controversial new amendment drafts to tax laws be adjusted to meet both the national growth plan and the current economic climate.

APEC economies target good regulatory practices

The APEC Sub-Committee on Standards and Conformance convened its tenth Conference on Good Regulatory Practices (GRP) in Ho Chi Minh City on August 19-20.

Boon turns bane: titanium mining in Binh Thuan

Binh Thuan Province has reaped enormous economic benefits from titanium mining, but the industry has also damaged the environment badly, degraded the lives of local residents.

President stresses cyber crime vigilance

President Tran Dai Quang has called on the nation to be aware of the threat of cyber crimes and the importance of ensuring network safety and security as the country embarks on the Fourth Industrial Revolution.

Temporary duties on fertiliser may hurt farmers

The imposition of temporary safeguard duties on DAP and MAP fertiliser imports into Vietnam, which came into effect on August 19, is an effort to help protect the domestic fertiliser industry but might push up production costs for farmers.

Foreigners to be allowed to own houses in VN for up to 99 years

On August 2, 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. 

More fish die as extirpative exploitation continues

VietNamNet Bridge - Fishermen’s use of extirpative equipment, including explosive and small-mesh nets, is causing the disappearance of many aquatic species.

Companies warned about massive layoffs of workers over 35

VietNamNet Bridge - Labor experts have issued warnings about the sacking of workers over 35 years old, especially at foreign invested enterprises (FIEs).

Talented students lack mentors: university

Dr Do Quang Yen, a lecturer at the University of Virginia, who won one gold and one silver medal at the 1998 and 1999 International Mathematics Olympiads, says Vietnam lacks professors and leading experts who can develop talented students.

Better port connectivity, transport safety needed in Asia-Pacific

Improved transport efficiency and port connectivity are essential to advancing economic integration in the Asia Pacific region.

Ministry finds no proof of alleged pepper price scam

 The Ministry of Industry and Trade (MoIT) has not found evidence supporting accusations by the Vietnam’s Pepper Association (VPA) of price manipulation by foreign traders in the pepper market.

SCG reaffirms determination to develop $5.4 billion Long Son petrochemical complex

Siam Cement Group (SCG) has signed a Memorandum of Understanding (MoUs) with PetroVietnam, aiming to reinforce the development of Long Son petrochemical complex (LSP) in the southern province of Ba Ria-Vung Tau.

FDI from tax havens poses risks to economy

VietNamNet Bridge - The cash flow from tax havens is often risky, especially without adequate technical and tax barriers, say analysts.

Fake alcohol rampant in HCM City

The yeast and many other chemicals to make spirits have no origin or label but they are sold widely at markets in HCM City.