VASEP: Shrimp export to earn $3.3 billion in 2016

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VietnamNet English 12 hour(s) ago 1 related news

VASEP: Shrimp export to earn $3.3 billion in 2016

The Vietnam Association of Seafood Exporters and Producers (VASEP) forecasts that shrimp exports will reach 3.3 billion USD in 2016, up 12 percent from 2015.

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Mid-term public investment need estimated at almost 495 million USD

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Báo Dân Trí English 3 day(s) ago

Mid-term public investment need estimated at almost 495 million USD

The Ministry of Construction has completed its mid-term public investment for 2016-2020 under the Law on Public Investment to submit to the Ministry of Planning and Investment.

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Vietnam’s insurance industry looks to further expansion

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Báo Dân Trí English 3 day(s) ago

Vietnam’s insurance industry looks to further expansion

Insurance was one of the fastest-growing sectors of Vietnam’s economy in 2015 with premium income rising 21.4 percent to reach 68 trillion VND (3 billion USD), while total assets grew by 21.7 percent to 201 trillion VND (8.9 billion USD), according to the Ministry of Finance.

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Central rate drops 15 VND

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Báo Dân Trí English 6 day(s) ago

Central rate drops 15 VND

The State Bank of Vietnam (SBV) on February 5 announced the central rate for the Vietnam dong against the US dollar at 21,861 VND per USD, a drop of 15 VND compared to February 4.

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Image: Million USD supercars of Saigon’s tycoons

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VietnamNet English 6 day(s) ago

Image: Million USD supercars of Saigon’s tycoons

VietNamNet Bridge – The number of supercars in HCM City has reached almost 100, so it is not difficult to see luxury cars worth hundreds of thousands of USD on Saigon streets.

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FPT reports $1.79 billion in revenue

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VietnamNet English 1 week(s) ago 2 related news

FPT reports $1.79 billion in revenue

Telecom firm FPT Corporation (FPT) announced revenue of more than 40 trillion VND (1.79 billion USD) in 2015, a year-on-year increase of 14 percent.

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Foreign investors sell net $56 million of shares in January

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VietnamNet English 1 week(s) ago 1 related news

Foreign investors sell net $56 million of shares in January

The net sale of shares worth 1.25 trillion VND (56.2 million USD) by foreign investors in January contributed significantly to the decline of the stock market last month, data collected by two local bourses.

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Foreign investors sell net 56 million USD of shares in January

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Báo Dân Trí English 1 week(s) ago 1 related news

Foreign investors sell net 56 million USD of shares in January

The net sale of shares worth 1.25 trillion VND (56.2 million USD) by foreign investors in January contributed significantly to the decline of the stock market last month, data collected by two local bourses.

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Vietnam – world’s fourth largest wood exporter

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Báo Dân Trí English 1 week(s) ago 1 related news

Vietnam – world’s fourth largest wood exporter

With 6.9 billion USD in revenue from wood and wood-based product exports in 2015, Vietnam has become the fourth biggest wood exporter in the world, following China, German and Italy, according to the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA).

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Newly established firms increase 21 percent in January

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Báo Dân Trí English 2 week(s) ago 1 related news

Newly established firms increase 21 percent in January

Vietnam saw 8,320 new enterprises begin operations, with total capital of 59.3 trillion VND (2.7 billion USD) in the first month of this year, according to the General Statistics Office (GSO).

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Thai cement group boosts investment in Vietnam

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VietnamNet English 2 week(s) ago 1 related news

Thai cement group boosts investment in Vietnam

Thailand's Siam Cement Group (SCG), which has invested 700 million USD in Viet Nam since 1992, plans to expand its operations in the country, especially in the cement and upstream petrochemical sectors, according to Thailand’s “The Nation” newspaper.

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Vietnam draws over $1.3 billion in FDI in January

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VietnamNet English 2 week(s) ago 3 related news

Vietnam draws over $1.3 billion in FDI in January

Vietnam drew more than 1.3 billion USD in newly-registered and additional capital from foreign direct investment (FDI) projects in January, up 101.2 percent against the same period last year.

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SBV cash injection spurs credit growth

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Báo Đầu Tư English 2 week(s) ago

SBV cash injection spurs credit growth

Through open market operations, the State Bank of Vietnam (SBV) exercises control over the liquidity of the banking system. During 2015, the bank injected a large volume of money to spur credit growth, and facilitate the purchase of government bonds and USD (from the SBV). It also extended the tenor of lending in the fourth quarter for the first time in 2015.

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VN economy still reliant on foreign export sector

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VietnamNet English 2 week(s) ago 3 related news

VN economy still reliant on foreign export sector

VietNamNet Bridge - Billion USD projects such Samsung’s in Bac Ninh or the Duyen Hai power plant not only created jobs for thousands of people but also contributed greatly to Vietnam’s export value in 2015.

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FDI exports’ contribution to VN economy much higher than domestic firms but is it good for VN?

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VietnamNet English 2 week(s) ago 3 related news

FDI exports’ contribution to VN economy much higher than domestic firms but is it good for VN?

VietNamNet Bridge - Billion USD projects such Samsung’s in Bac Ninh or the Duyen Hai power plant not only created jobs for thousands of people but also contributed greatly to Vietnam’s export value in 2015.

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