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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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Vietnam prepares for largest-ever coronavirus vaccination campaign

Vietnam is preparing for largest-ever vaccination program against coronavirus after the first COVID-19 vaccine batch arrived, Minister of Health Nguyen Thanh Long told Wednesday meeting chaired by Prime Minister Nguyen Xuan Phuc.

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Southeast Asia's growth leader in 2021 could be Vietnam

Southeast Asia's growth leader in 2021 may be Vietnam. The nation is reportedly targeting a 6.5 percent growth rate this year, according to Nikkei Asia’s article.

News

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AEON set to open seventh shopping mall in Vietnam

Japanese retail giant AEON Group has set a plan to open another shopping mall in Thua Thien – Hue province, the seventh of its kind in Vietnam.

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Mitsubishi pulls out of Vietnam coal plant amid climate concerns

Japanese trading house Mitsubishi Corp. decided Thursday to withdraw from the Vinh Tan 3 coal-fired power plant project in Vietnam amid growing international concern about climate change, Nikkei has learned.

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Vietnam prepares for largest-ever coronavirus vaccination campaign

Vietnam is preparing for largest-ever vaccination program against coronavirus after the first COVID-19 vaccine batch arrived, Minister of Health Nguyen Thanh Long told Wednesday meeting chaired by Prime Minister Nguyen Xuan Phuc.

Economy

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Vietnam’s Feb. inflation hikes 1.52%, highest in eight years

The consumer price index in February increased by 1.52% against the previous month, the biggest increase recorded over the last eight years, according datda released by the General Statistics Office.

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Southeast Asia's growth leader in 2021 could be Vietnam

Southeast Asia's growth leader in 2021 may be Vietnam. The nation is reportedly targeting a 6.5 percent growth rate this year, according to Nikkei Asia’s article.

Companies

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Central Retail purchases solar power for its Vietnam malls

Central Retail, an arm of Thailand’s largest retail conglomerate Central Group has signed an undisclosed deal to buy clean electricity from Norsk Solar Vietnam.

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Vietnam’s Richest Man Plans Electric Car Factory in the U.S.

Vietnamese electric-vehicle startup VinFast plans to open a U.S. factory after setting up a 50-member San Francisco research office as it prepares for California automobile sales in 2022.

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Vietnam posts Jan.-Feb trade surplus at nearly $1.3 billion

Vietnam reported $1.29 billion trade surplus in the first 2 months of 2021, according to data from the General Statistics Office.

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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Korean bank proposes investment study for Metro Line No. 5

The Export-Import Bank of the Republic of Korea is seeking Ho Chi Minh City government’s approval to conduct an investment study for Phase 2 of Metro Line No. 5.

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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.

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.