U.S. electronics firms explore business in city

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SaigonTimes English 5 day(s) ago

U.S. electronics firms explore business in city

HCMC – Gary Shapiro, president and chief executive officer of the U.S. Consumer Electronics Association (CEA), on Wednesday paid a visit to HCMC to sound out opportunities in the country’s economic hub.

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SBV to intervene in a weak bank

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SaigonTimes English 5 day(s) ago

HCMC – The State Bank of Vietnam (SBV) has presented to the Government eight solutions to restructure nine ailing banks, saying that it may take compulsory intervention in a bank in this group.

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BR-VT builds industrial zone to attract Japan tenants

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SaigonTimes English 5 day(s) ago

HCMC – Dong A-Chau Duc Joint Stock Company obtained a license on Wednesday to develop infrastructure for Da Bac Industrial Zone in Ba Ria-Vung Tau (BR-VT) Province and also began construction of the project that targets Japanese investors.

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Japanese investors keen on service sector

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SaigonTimes English 5 day(s) ago

HCMC – A group of Japanese enterprises operating in the service sector on Tuesday met Vietnamese firms to sound out investment and business opportunities.

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VND30-trillion package yet to spur realty stocks

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SaigonTimes English 5 day(s) ago

HCMC – The VND30-trillion housing loan package officially announced late in the morning helped the market claw back from early losses on Wednesday but real estate and construction stocks were yet to get a boost from this policy.

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HAGL rejects land, forest grab accusations

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SaigonTimes English 5 day(s) ago 1 related news

HCMC – Chairman Doan Nguyen Duc of Hoang Anh Gia Lai Group (HAGL) firmly denied accusations of land and forest grabs in Laos and Cambodia brought about by the international non-governmental organization Global Witness.

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Phu Quoc faces hotel room crisis

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SaigonTimes English 5 day(s) ago

HCMC – Due to huge tourist growth, Phu Quoc Island will need around 3,000 new hotel rooms in the next two to three years to meet the increasing demand, said a provincial official.

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MVCorp cancels music download fee deal

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SaigonTimes English 5 day(s) ago

HCMC – MV Joint Stock Corporation (MVCorp) has cancelled the contract it signed with the Recording Industry Association of Vietnam (RIAV) to collect online music download fees in a bid to protect music copyright.

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Two urgent tasks to rescue economy

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SaigonTimes English 5 day(s) ago

HANOI – Two urgent tasks were given in the report on socioeconomic performance in January-April delivered at the 18th meeting of the Standing Committee of the National Assembly (NA) on Tuesday in a bid to prop up the economy.

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Local industry sees threats from illegal sturgeon imports

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SaigonTimes English 5 day(s) ago

HCMC – Cheap sturgeons smuggled into the country from China and offered for sale as home-made products are said to be a danger to the survival of many local sturgeon farming companies.

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GlobalGAP rice production alliance breaks up

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SaigonTimes English 5 day(s) ago

CAN THO – The rice production alliance practicing GlobalGAP (Good Agricultural Practices) between the Tien Giang-based My Thanh Agricultural Cooperative and ADC Co. Ltd. has been disbanded due to the difficulty in finding outlets.

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Rice farmers earn meager income

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SaigonTimes English 5 day(s) ago

DONG THAP – Farmers in the Mekong Delta will harvest the summer-autumn rice crop next month, but according to the Vietnam Food Association (VFA), the rice price may be lower than the already-low price of the winter-spring crop.

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Contractors pledges to complete expressways by year-end

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SaigonTimes English 5 day(s) ago

HCMC – Several contractors have just signed letters of commitment with the Ministry of Transport to complete three expressway projects late this year after these projects have fallen behind schedule for years.

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Yen depreciation deals blow to Vietnam exports

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SaigonTimes English 5 day(s) ago

HCMC – The yen depreciation has caused many problems for local companies shipping products to Japan as local goods have become more expensive and less competitive.

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Questions hang over city’s growth, investment targets

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SaigonTimes English 5 day(s) ago

HCMC – A lot of questions have surfaced over the city’s target of double-digit growth as well as its unrealistic plan to attract investment between now and 2025, as outlined at the HCMC People’s Council’s ninth sitting on Monday.

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