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Foreign investors enter Vietnam’s renewable energy industry through M&A

The Hanoitimes – Preferential policies in the renewable energy industry have helped Vietnam lure more foreign investors to enter the industry rapidly through mergers and acquisitions (M&As) with local peers. Thailand’s B Grimm Power Plc has recently announced the completion of a US$35.2 million acquisition of a solar photovoltaic power projects in Vietnam. Specifically, BGRIM, through […]

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Vietnam FPT becomes Carlsberg’s technology partner

The Hanoitimes – FPT sets the target of turning into the world-class DT service provider, stated Truong Gia Binh, FPT`s chairman. Vietnam’s leading IT services provider FPT and Danish brewer Carlsberg have signed a global framework contract whereupon FPT has officially become Carlsberg’s technology partner, stated the former on its website. Under the agreement, FPT will […]

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Brokerage sees higher interest rates in Vietnam in 2019

The Hanoitimes – In 2018, inflation is estimated at 4% year-on-year, the highest level since 2014. Due to external and internal risks, including tightening of monetary policies and trade tension in the global economy and higher inflation of the local economy, interest rates in Vietnam are expected to rise in 2019, according to Viet Dragon Securities […]

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Cambodia, Vietnam to boost border trade

Cambodia and Vietnam have agreed to boost their bilateral trade figures to $5 billion with the acceleration of a border trade agreement following an increase in trade volume between both countries. As quoted by Kao Kim Huon, the minister attached to the PM’s office, Prime Minister Hun Sen who met with his Vietnamese counterpart Nguyen Xuan […]

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Vietnam e-commerce sales grow 20% annually

The Hanoitimes – E-commerce sales are forecast to reach US$10 billion by 2020, accounting for 5% of total retail and services revenue, while 30% of the population will shop online, spending an average of US$350 per person annually. Vietnam’s e-commerce market has witnessed high growth rate since 2013, with online sales increasing from US$2.2 billion in […]

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