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The Rich List: Number of Vietnam’s Ultra-High Net Worth Individuals to Increase
In its 2014 Wealth Report, real estate consultancy Knight Frank has found that, over the next decade, Vietnam will have the fastest growing amount of ultra-high net worth individuals in the world.
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Has Vietnam Fallen into the Middle Income Trap?
At a recent controversial meeting, Japanese economist Kenichi Ohno stated that it was his belief that Vietnam had fallen into the middle income trap. This has created a heated debate among economists and financial analysts as to what is the real economic situation currently in Vietnam.
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Open for Business: Vietnam Clarifies Economic Needs Testing for Foreign Retailers
At a March 28th consultation and dialogue with businesses located in Vietnam, discussions focused on economic needs testing (ENT) criteria for the establishment of retail outlets.
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IPOs of Vietnam’s State Owned Enterprises Get Off to Slow Start
Initial public offerings of Vietnam’s state owned enterprises are off to a slow start in 2014. According to recently released reports, only a small amount of the shares offered have been purchased, and the majority of those shares have been acquired by local investors rather than the hoped for foreign investors.
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Vietnam Economic Update for Q1 2014
Vietnam’s General Statistics Office has recently released updated economic numbers for the first quarter of 2014. The numbers released have been generally positive and reflect a growing consensus that the country is beginning to move back into a higher growth period.
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FDI Inflows Soar in Haiphong
In the first quarter of 2014, the northern port city of Haiphong attracted more than US$235 million in FDI. It had 400 FDI projects worth US$8 billion in total registered capital. The projects’ investment areas included support industries, housing construction, services, trade and automobile spare parts manufacturing.
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Vietnam Set to Open First Online Bitcoin Trading Floor
The Israeli Bitcoin exchange Bit2C announced this week that it will partner with Bitcoin Vietnam Co. Ltd. to open Vietnam's first online Bitcoin trading floor, VBTC, before the end of April 2014.
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Cheers to Vietnam: Competition on the Rise in Vietnam’s Beer Industry
Vietnam’s beer market is experiencing rapid growth, with foreign firms pouring into the country’s market and local firms increasing the size of their operations in response to the increased competition.
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Hanoi GDP on the Rise in First Quarter of 2014
The Hanoi People's Committee has reported that in the first quarter of 2014, the city’s GDP increased by 6.6 percent year-on-year.
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McDonald’s Supersizes its Business in Vietnam
In a sign of a strengthening consumer class, the newly opened McDonald’s in Ho Chi Minh City has reportedly served over 400,000 hungry customers.