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With Chinese competition, new glass licences on hold

glassWith the Vietnamese glass market experiencing severe oversupply, new glass projects willnot receive licences in the country.

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CPTPP Serving Vietnam as Opportunities and Challenges

det-may1 640 autoCPTPP is originated from the Trans-Pacific Strategic Economic Partnership Agreement (TPSEP) (it is also so call P4) signed in 2005 by Singapore, Chile, New Zealand and Brunei. Since September 2008, the United States, Australia, Peru, Vietnam, Malaysia, Canada, Mexico and Japan have jointly negotiated at the aim of setting up the Trans-Pacific Partnership Agreement (TPP). 

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Việt Nam, Australia celebrate 45th anniversary of diplomatic ties

shakehands2112A ceremony was held at the Temple of Literature in Hà Nội on Wednesday to launch events celebrating 45 years of diplomatic ties between Việt Nam and Australia.

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Michael Kelly elected chair of AmCham Hanoi

Michael KellyThe board of the American Chamber of Commerce (AmCham Hanoi) elected Michael Kelly as its new chairman for 2018. He succeeds Citibank’s Natasha Ansell who held the post in 2017.

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Japanese giant joins hands with Alpec to tap into growing elevator market

nidecJapan’s second largest group, Nidec Group, joined hands with Vietnam's leading elevator and escalator firm Alpec to meet the growing demand for elevators in Vietnam and centralise control over product safety and quality.

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Rosy outlook for Vietnam’s garment trade

detmay18012018 looks promising for Vietnam’s garment-textile industry, with exports forecasted to fetch US$33.5- US$34 billion, up 10% year-on-year.

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Vietnam files complaint to WTO about US anti-dumping duties on fish

thuy san 2710Vietnam has filed a complaint to the WTO over US anti-dumping measures on Vietnamese fish exports, the Ministry of Industry and Trade announced on January 14.

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Tax on imported sugar to remain at 5%

sugar1801The tax on imported sugar, as stipulated by the ASEAN Trade in Goods Agreement (ATIGA), will be maintained at 5 per cent from the beginning of this year, instead of zero per cent as previously rumoured.

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VN wants footwear, bags to yield $20b

footwearViệt Nam has set a goal of earning between US$19.5 billion and $20 billion from footwear, bags and suitcases in 2018, up 10 per cent and 12 per cent from 2017.

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Peer-to-peer lending gaining traction in VN

p2pP2P lending is a method of debt financing that enables individuals to borrow and lend money without the use of an official financial institution as an intermediary. Peer-to-peer lending removes the middleman from the process, but it also involves more time, effort and risk than the general brick-and-mortar lending scenarios. P2P lending is also known as social lending or crowdlending.

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