Business News

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PM TO ATTEND INDUSTRY 4.0 SUMMIT AND EXPO 2018

PM Nguyen Xuan Phuc will convey Viet Nam’s message on the fourth industrial revolution at the Industry 4.0 Summit and Expo 2018, which takes place in Ha Noi from July 12-13 under the theme of “Vision and Development Strategy in the Fourth Industrial Revolution”.

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IMMERSE YOURSELF IN THE ALL-NEW R&J

R&J at The Reverie Saigon has emerged from its redesign as a complete multi-level, multi-experience dining destination. Arranged over three levels, the now distinct R&J Restaurant and the R&J Lounge guides guests on a journey from pre-dinner aperitif through casual or formal dining and finally comfortable post-meal relaxation.

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VIETNAM HOTEL MARKET ATTRACTS FOREIGN INVESTORS

The hotel market has been growing quickly, with the number of projects developed by foreign investors and managed by foreign brands increasing from 30 in 2010 to 79 by the end of 2017.

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HCMC TARGETS ECONOMIC GROWTH OF 8.3-8.5% IN 2018

The HCMC government will adopt many solutions, especially credit expansion, to support enterprises and encourage investments to achieve a gross regional domestic product (GRDP) growth rate of 8.3-8.5% this year, officials said.

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VCCI PROPOSES END TO MINIMUM WAGE HIKES FROM NEXT YEAR

The Vietnam Chamber of Commerce and Industry (VCCI), representing employers in the nation, has suggested keeping region-based minimum wages unchanged from next year as annual minimum wage hikes place a heavy burden on enterprises.

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CREDIT INSTITUTIONS’ FUTURE BRIGHT

A majority of credit institutions in the country expect an upward trend in their business in the remaining months of the year, after making improvements in the first half of 2018, according to a survey released last week by the State Bank of Vietnam.

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HCMC LEADER CALLS FOR ECONOMIC BREAKTHROUGH

HCM City authorities must continue to mobilise all resources and fully tap the potential and advantages the city has to achieve breakthroughs in its seven key economic development programmes, transform its growth model towards higher productivity, quality, efficiency and competitiveness, the closing session of the 17th HCM City Party Committee conference heard on July 6.

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VIETNAMESE PROPERTY REMAINS SAFE HAVEN FOR FOREIGN INVESTORS: SAVILLS VIETNAM

Foreign investors are still interested in the Vietnamese property market, which will remain a safe haven for them in the short term, according to Troy Griffiths, Deputy Managing Director at Savills Vietnam.

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CPI LIKELY TO BE CAPPED UNDER 4 PCT

The Government of Vietnam is determined to keep the consumer price index (CPI) at less than four per cent in 2018 as set by the National Assembly. Minister Dinh Tien Dung, Deputy Director of the Steering Committee for Price Regulation, signed Announcement 403/TB-BCDHHG stating the conclusions of Deputy Prime Minister Vuong Dinh Hue, Director of the Steering Committee for Price Regulation, to the meeting on price regulation on May 29, 2018.