Vietnam's Vinamilk says scrapping foreign ownership cap

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Báo Tuổi Trẻ English 2 week(s) ago 1 related news

Vietnam's Vinamilk says scrapping foreign ownership cap

The board of Vietnamese dairy firm Vinamilk has decided to remove its 49 percent foreign ownership cap, an official said on Monday, paving the way for an expected flood of interest from overseas investors in a company valued at $7.85 billion.

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Vietnam's Vinamilk says scrapping foreign ownership cap

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Báo Thanh Niên English 2 week(s) ago 1 related news

Vietnam's Vinamilk says scrapping foreign ownership cap

The board of Vietnamese dairy firm Vinamilk has decided to remove its 49 percent foreign ownership cap, an official said on Monday, paving the way for an expected flood of interest from overseas investors in a company valued at $7.85 billion.

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Quang Binh cuts entrance fees at 3 caves to attract tourists

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Báo Thanh Niên English 2 week(s) ago

Quang Binh cuts entrance fees at 3 caves to attract tourists

Quang Binh authorities have announced a 30 percent cut in entrance fees for three caves from the end of this year.

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Four major banks assigned to assist fishermen follow the mass fish deaths

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Báo Dân Trí English 2 week(s) ago

The State Bank of Vietnam has assigned four local banks to help locals affected by the mass fish deaths in the central coast with low lending interest rates.

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Gov’t issues April regular resolution

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Báo điện tử CP English 2 week(s) ago 2 related news

Gov’t issues April regular resolution

VGP – Stable interest rates, interest rate cuts, organizations of national high school graduation and university entrance exams, assessment of environmental protection, and protection of the upcoming National Assembly and People’s Council elections were detailed in the Government’s regular meeting in April.

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As Philippines awaits Duterte, central bank gives stability

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Báo Thanh Niên English 2 week(s) ago

As Philippines awaits Duterte, central bank gives stability

Philippines’ central bank Governor Amando Tetangco has emerged as a pillar of stability for investors grappling with a brash incoming president who has little economic policy experience.

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Business highlights – May 2-8

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Báo điện tử CP English 3 week(s) ago

VGP - Tough punishments on USD deposit interest rate ceiling violation, construction on a US$220 million wind power plant in Tra Vinh, fuel prices increasing VND600 per liter and Industrial Production Index (IPI) up 8% are highlights in the national economy from May 2-8.

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Australian-listed casino operator keen to join Lao Cai airport development

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Báo Đầu Tư English 3 week(s) ago 1 related news

Australian-listed casino operator keen to join Lao Cai airport development

Donaco International Limited has expressed interest in joining in the development of Lao Cai airport in the northern mountainous province of Lao Cai.

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Banks slash interest rates

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Báo Đầu Tư English 3 week(s) ago

Banks slash interest rates

Various banks have reduced their lending rates in response to the prime minister’s recent meeting with the business community.

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State bank governor gets strict with USD deposit rates

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Báo Dân Trí English 3 week(s) ago

State bank governor gets strict with USD deposit rates

The Governor of the State Bank of Vietnam (SBV) on May 6 issued documents requesting strict compliance with the rules on ceiling USD deposit interest rate which is capped at 0% annually.

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Tough punishments on USD deposit interest rate ceiling violation

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Báo điện tử CP English 3 week(s) ago

VGP – The State Bank of Viet Nam (SBV) has recently ordered commercial banks to strictly comply with the ceiling on dollar deposit rates, announcing a plan to strengthen investigations and supervision and punish infringements, said an official.

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Stronger yen sees return of Japanese investment

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VietStock FI English 3 week(s) ago

A stronger Japanese yen is rekindling investor interest in Cambodia and pushing Japanese firms to establish or expand their presence in the Kingdom, economists said yesterday.

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True Money to extend services to Niron MFI

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VietStock FI English 1 month(s) ago

True Money to extend services to Niron MFI

Mobile payment provider True Money Cambodia signed a memorandum of understanding with local microfinance institution Niron Mikroheranhvatho Plc on Friday to facilitate bill payments for the microlender’s 60,000 customers.

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Vietnam banks heed PM call, cut lending rates for businesses

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Báo Thanh Niên English 1 month(s) ago 1 related news

Vietnam banks heed PM call, cut lending rates for businesses

Many banks have cut interest rates by 0.5-1 percentage points on loans for businesses following a call by Prime Minister Nguyen Xuan Phuc.

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Real estate sector M&As on the rise

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Báo Đầu Tư English 1 month(s) ago

Real estate sector M&As on the rise

Vietnam is becoming an attractive profit-generating market for investment in Southeast Asia, with a low interest rate, record low inflation in 2015, and the VND exchange rate far better than other currencies in the region.

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