Business

Cambodia to ban online gambling, cites threat to social order

Cambodia to ban online gambling, cites threat to social order

Cambodia said on Sunday it is banning online gambling, which helped propel a wave of Chinese investment in casinos in the country, saying that the industry had been used by foreign criminals to extort money.

Hanoi Railway launches new “home-to-home” shipping serv

A new cargo transport service under the method of "from home to home" has been launched by the Hanoi Railway Transport Joint Stock Company (HARACO) across the Vietnam railway network.

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Amazon establishes subsidiary in Vietnam

Amazon has established a subsidiary in Vietnam, Amazon Selling Vietnam’s CEO Tran Xuan Thuy told media at the Vietnam Online Marketing Forum on August 14.

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Tourism goal may not be met as growth rate decreases

The authorities are seeking solutions for sustainable development as the growth rate of international arrivals is decreasing and may not be able to meet the goal of 18 million international tourists this year.

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Construction ministry agrees to suspend Phu Quoc special EZ plan

The Ministry of Construction has advocated the southern province of Kien Giang’s proposal to put a major plan to turn Phu Quoc Island into a special economic zone (SEZ) on hold.

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Prime Minister Nguyen Xuan Phuc has allowed Vietnam’s newest carrier Bamboo Airways to expand its fleet to 30 jets by 2023.

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Over 500 trucks carrying dragon fruits stuck at Lao Cai border gate

Long lines of container trucks carrying dragon fruits have been stuck at the Kim Thanh International Border Gate No.2 in the northern city of Lao Cai over the past three days.

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Việt Nam faces challenges in developing AI

A shortage of resources as well as a modest number of AI firms have been the biggest challenges for the development of artificial intelligence (AI) in Vietnam, said Bùi Thế Duy, deputy minister of Science and Technology.

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The Government’s foreign debts have been declining sharply and under the Government’s control, Deputy Prime Minister Vuong Dinh Hue said while chairing a meeting with leaders of some ministries, sectors and the National Financial Supervisory Commission.

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Foreign financial institutions were eyeing up poorly-performing Vietnamese banks after being given the green light to acquire stakes in local institutions in a move to speed up the restructuring of the country’s banking industry, according to banking expert Nguyen

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Vietnam had 12,327 people with USD3 million to below USD30 million in net assets by the end of 2018, up 23% over the past five years and the figure is projected to reach 15,776 people by 2023.

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Many banks have seen their service earnings accelerate, buoyed by increasing investment for the business segment and rising market demands.

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Vietnam has set a target to restrain inflation at below 4% in 2019, however, there may be challenges.

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Vietnam’s public debt in 2018 was estimated to account for less than 61% of national GDP, according to an official from the Ministry of Finance.

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