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Four-month State budget revenue goes up 7.3 percent

The State budget revenue was estimated at VND543.4 trillion ($23.7 billion) in the first four months of 2021, up 7.3 percent from a year earlier, said the Ministry of Planning and Investment.

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Phu Nhuan Jewelry’s 1Q after-tax profit at $22.2 mln, up 26%

Phu Nhuan Jewelery, the largest jewelry retailer in Vietnam, reported 1Q after-tax profit at VND513 billion ($22.2 million), up 26% from a year earlier, according to the company’s consolidated earning report.

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Vingroup Said to Weigh $2 Billion U.S. IPO of Unit VinFast: Bloomberg

Vingroup JSC is considering a U.S. initial public offering of its car unit VinFast that could raise about $2 billion, according to people familiar with the matter.

News

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Fruit and vegetable exports skyrocket in first four months

Vietnam’s fruit and vegetable exports proved a bright signal after the sector raked in $1.35 billion in the past four months of 2021, up 9.5%, according to latest data from agriculture ministry.

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Vietnam to receive over 1.6 million COVAX vaccine doses this weekend

Vietnam is expected to receive of 1.682 million AstraZeneca vaccine doses from COVID-19 Vaccine Global Access Facility (COVAX Facility) on May 16, Minister of Health Nguyen Thanh Long said Thursday.

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Vietnam would continue to be world’s second largest rice exporter: US department

The US Department of Agriculture (USDA) has forecast that Vietnam would maintain its position as the world’s second biggest rice exporter this year.

Economy

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Ho Chi Minh City reports four-month credit growth at 3%

Credit institutions in HCMC recorded a credit growth at 3% in the first 4 months of 2021, exceeding growth rate of deposits of 0.65%, according to State Bank of Vietnam, HCMC Branch.

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Four-month State budget revenue goes up 7.3 percent

The State budget revenue was estimated at VND543.4 trillion ($23.7 billion) in the first four months of 2021, up 7.3 percent from a year earlier, said the Ministry of Planning and Investment.

Companies

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Vietnam’s Masan plans to raise $1 bln for animal feed unit’s expansion

Vietnamese private conglomerate Masan Group is weighing options to raise $1 billion for its animal feed unit that could include selling stake to a strategic partner.

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C.T Group makes the attractiveness with the party "appreciation of good seeds"

C.T Group organsied an event to promote cooperation between university, human resource developer and investor in human.

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Vietravel Airlines to be equitised in 2nd year of operations

The Vietnam Travel and Marketing Transport JSC (Vietravel) plans to equitise its Vietnam Travel Airlines Co. Ltd. (Vietravel Airlines), to boost the subsidiary’s development as the first travel airline in Vietnam.

Market

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Casino operator stock skyrockets despite sustained losses

Ticker RIC of the Royal International Corporation has surged 755 percent since January despite the company reporting losses for years.

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Japan’s ENEOS Corp. to raise stake in Petrolimex to 11 percent

Japanese energy firm ENEOS Corporation has registered to buy 25 million treasury shares of the Vietnam National Petroleum Group (Petrolimex), according to exchange filing.

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VN-Index plummets over 74 points

Hundreds of stocks were offloaded as investors were thrown into a state of panic selling, causing the VN-Index to plunge by a historical record of 74 points Tuesday morning.

Real Estate

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ESR Cayman and BW form JV on 240,000 sqm development project in Vietnam

ESR Cayman marked its first entry into the Vietnamese market and expanded its APAC footprint in Southeast Asia through a partnership with BW, a leading industrial real estate developer in Vietnam.

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Frasers Property to handover first luxury apartment project in Vietnam

Frasers Property, a Singaporean multinational real estate and property management company, was reported to be ready to handover its mixed-use Q2 Thao Dien to residents.

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Real estate developer Nam Long achieves a new stature despite pandemic

The COVID-19 pandemic has made 2020 a challenging year for global and Vietnam’s economy particularly. In the difficult context, Nam Long Group conducted a series of M&A in the real estate market.

Life & Art

World

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Jeff Bezos to Step Down as Amazon CEO; Andy Jassy to Take Over

The company announced changing roles as it reported that revenue in the fourth quarter soared 44% to $125.56 billion

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China failed to buy agreed amounts of U.S. goods under ‘phase one’ trade deal

China has so far failed to meet its committed purchases of U.S. goods under the “phase one” trade deal that it struck with the Trump administration.

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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.