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News
Integration: taking the bad with the good
Now that Viet Nam has joined the World Trade Organisation, its economy is more integrated with the rest of the world and, in turn, has been affected by the current global financial crisis.
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Greater access promised to Japanese markets
Vietnamese exporters can hope to increase their sales to the Japanese market after the signing of the Viet Nam-Japan Economic Partnership Agreement in Tokyo last Thursday.
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Cash-poor province stalls projects
The southern coastal province of Ba Ria-Vung Tau has licensed a record high number of investment projects in 2008, but many investors will have to wait for a long time before the land for these projects can be handed over.
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Industrial parks seek to aid laid-off workers
Thousands of workers at industrial parks and export processing zones in the southern region are seeking new jobs as enterprises cut their workforce due to impacts of the global economic crisis.
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Gov't proposes economic stimulus package
The Government has decided to implement a series of measures, including spending US$1billion from national foreign reserves, to stimulate the economy.
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Nation could export more rice to Africa
Viet Nam is the world's sec-ond largest rice exporter, shipping abroad from four to five million tonnes annually. But it only ranks fifth among sellers to the Economic and Monetary Community of Central Africa (CEMAC).
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Golf course displaces farmers, taints water
Some 1,000 residents in the northern province of Hoa Binh have lost jobs, land and even access to roads, following the early 2007 opening of the Phuong Hoang (Phoenix) Golf course in Luong Son District's Lam Son Commune.
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Projects left languishing in central region
Viet Nam's central region has seen many investment projects remain incomplete as investors fail to finish the work they started.
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Low rates boost lending to small businesses
In the wake of the State Bank of Viet Nam's decision to cut the prime interest rate by 1 percentage point on November 3, a host of banks have cut lending interest rates from 1 per cent to 1.5 per cent.
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More regulation needed for mergers market
The merger and acquisitions (MandA) market recently saw the Switzerland-Viet Nam cement joint venture company Holcim Vietnam finalise a contract to buy a cement factory belonging to COTEC Group, a domestic construction and building materials firm.
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