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World's largest brewer AB InBev gets greenlight to merge with SAB Beer in Vietnam

Anheuser-Busch InBev and SAB Beer announced their merger in Vietnam on January 12 following the approval of the Ministry of Industry and Trade, Vietnam News Agency reported.

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Vietnam 2020 trade surplus widens to nearly $20 billion despite pandemic

Vietnam recorded a trade surplus of $19.95 billion last year, widening from a surplus of $11.1 billion in 2019, customs data released on Wednesday showed.

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Vietnam’s largest payment app MoMo raises $100 mln

M-Service JSC, the company behind the Vietnam’s startup payment app MoMo has raised a new funding round of more than $100 million, DealStreetAsia learned.

News

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Vietnam to produce African swine fever vaccine in second quarter

Vietnam has completed testing the African swine fever vaccine and is preparing for commercial production from the second quarter, Vietnam Television cited information from the Ministry of Agriculture and Rural Development.

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Dong Nai Province attracts $226 million of FDI in first days of 2021

In the first 10 days of 2021, the southern province of Dong Nai attracted more than US$226 million in foreign direct investment, mostly from the Republic of Korea and Japan.

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Ho Chi Minh City struggles to attract foreign investors for key projects

Ho Chi Minh City says it has been struggling for years to attract foreign investment for key infrastructure projects, with legal challenges and risks discouraging investors.

Economy

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Vietnam surpasses Germany to become sixth largest trading partner of China

Vietnam has surpassed Germany to become China's sixth largest trading partner, marking a positive achievement in trade relations between both sides, according to data from the General Administration of Customs of China.

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Vietnam's GDP to grow by 8 percent in 2021

Southeast Asia’s economic growth will rebound to 6.2 percent in 2021 with Vietnam achieving 8 percent growth, Vietnam News cited latest economic outlook report from Oxford Economics.

Companies

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Petrolimex 2020 pre-tax profit falls to five-year low at $55 mln on pandemic

Vietnam’s largest petroleum retailer Petrolimex (HoSE: PLX) sees VND1,268 billion ($55 million) in pre-tax profit in 2020, a reduction of nearly 76 percent from 2019, the company reported.

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VietJet eyes aircraft purchases as it relies on vaccine rollouts to revive air travel

VietJet Aviation plans to expand its investment in new aircraft and technical facilities this year after reporting a small profit in 2020 despite the coronavirus pandemic, its chief executive officer said.

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Pandemic success motivates Sanofi to expand production in Vietnam

Dr. Emin Turan, CEO of Sanofi Vietnam & Cambodia, who praises Vietnam for staying disciplined in the battle against coronavirus, said the firm will expand manufacturing in the thriving market.

Market

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OCB to list over 1 bln shares on HOSE at $0.99 apiece

Orient Commercial Bank is expected to make debut on Ho Chi Minh Stock Exchange on January 28, offering over 1 billion shares at VND22,900 ($0.99) apiece, according to exchange filing.

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Vietnam raises over $14 bln via bond auctions in 2020

The State Treasury of Vietnam raised nearly VND324 trillion ($14 billion) through government bond auctions in 2020, beating whole-year plan by 8 percent, according to data from the Hanoi Stock Exchange.

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Power firm EVNGENCO 2 to auction over 580 mln shares on Feb. 8

Power Generation Corp. 2, a unit of Vietnam Electricity Group, gets approval to auction over 580 million share on February 8, according to the Ho Chi Minh City Stock Exchange.

Real Estate

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Vietnam's property prices expected to rise 10 percent in 2021

Real estate prices in 2021 are expected to increase by 10 per cent over the previous year, said Nguyen Van Dinh, deputy general secretary of the Viet Nam Real Estate Association.

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Ho Chi Minh City to limit skyscrapers in inner districts

Ho Chi MInh City will not allow construction of high-rises in seven districts if there are no plans for corresponding technical and social infrastructure.

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Keppel raises $400 mln for Vietnam-focused real estate fund

Keppel Capital Holdings and Keppel Land, arms of Keppel Corporation have raised $400 million for the Keppel Vietnam Fund.

Life & Art

World

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Signal and Telegram downloads surge after WhatsApp says it will share data with Facebook

Downloads of privacy-focused messaging apps Signal and Telegram got a boost as users looked for alternatives to Facebook-owned WhatsApp over concerns about changes to the service’s privacy policy.

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Elon Musk Overtakes Amazon's Jeff Bezos as World's Wealthiest Person

Elon Musk has overtaken Amazon founder Jeff Bezos as the world’s richest person, driven by a meteoric rise in the value of Tesla the electric-car maker he runs.

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Congress Certifies Biden Victory; Trump Says There Will Be 'Orderly Transition'

Congress certified President-elect Joe Biden's victory early on Thursday and President Donald Trump at long last acknowledged his election loss, saying "there will be an orderly transition on January 20th."