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What does Industry 4.0 hold for Vietnam?

HCM CITY – The Fourth Industrial Revolution will create great challenges but also opportunities for Vietnam to take off, a seminar heard in HCM City on Sunday. Speaking at the seminar titled “Effects of the Fourth Industrial Revolution on Socio-Economic Development,” Tong Viet Trung, deputy general director of Viettel Group, said: “[It] will usher in smart […]

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Vietnam Jan-July trade deficit hits $3.08b

HANOI — Vietnam’s trade deficit was estimated at US$3.08 billion in the first seven months of this year, $380 million more than $2.7 billion in the first half, according to the latest data released by the General Statistics Office (GSO). The trade deficit from January-July equaled 2.7 per cent of the country’s export revenue in […]

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Vietnam’s firms to head to Thailand for ASEAN-India Expo

HCM CITY — The High Quality Vietnamese Product Business Association will lead a business delegation that will participate in the 2017 ASEAN-India Expo and Forum to be held this week in Bangkok. Organised by the Thai Ministry of Commerce, the event is meant to strengthen the strategic partnership between ASEAN and India and enhance trade, investment and tourism connectivity between them. […]

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Vietnam: Cooking gas price increases by $1.18

HANOI — The price of gas in HCM City and the southern provinces spiked by VND27,000 (US$1.18) for a 12kg canister of cooking gas with effect from August 1. Accordingly, the retail price for consumers will increase to VND300,000-305,000 per 12kg canister.  Gas traders explained that the latest hike was on account of the $85 per tonne […]

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Vietnam: New enterprises up 13.8% in 7M

There were 72,953 newly-established enterprises entering the economy in the first seven months of this year with total registered capital of VND690.7 trillion ($30.3 billion), up 13.8 per cent and 39 per cent, respectively, year-on-year, according to the latest report from the Agency for Business Registration at the Ministry of Planning and Investment. There were […]

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Vietnam: Rebound in food prices puts July CPI at 0.11%

After two months of falling, Vietnam’s consumer price index (CPI) rose by 0.11 per cent month-on-month in July; its lowest level for nine years, according to figures from the General Statistics Office (GSO). The increase comes after declining by 0.53 per cent and 0.17 per cent in May and June, respectively. Compared with July last […]

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