• Vietnam foreign currency reserves at record high

    Vietnam foreign currency reserves at record high

    So far this year the State Bank of Việt Nam has bought over US$10 billion in foreign exchange, increasing the country’s reserves to a record high of more than $40 billion. The figure is up sharply from $28.6 billion (equivalent to 1.9 month of imports) late last year. One of the reasons for the huge
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  • A Pharma Playbook for Success in Southeast Asia

    A Pharma Playbook for Success in Southeast Asia

    To capture the immense opportunities in emerging markets, pharmaceutical companies require highly targeted strategies. Each country presents a unique set of socioeconomic and geographic characteristics, government and regulatory issues, and local competitors. And what works in developed markets won’t necessarily work in emerging economies. The payoff for getting a targeted emerging-market strategy right is significant.
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  • Vietnam in Brief – Week of September 19 to 26

    Vietnam in Brief – Week of September 19 to 26

    Vietnam’s ratification of the Trans-Pacific Partnership (TPP) is a political no-brainer. The deal is overwhelmingly popular with both the leadership and the public, and Vietnam should be one of the biggest beneficiaries from its implementation. Conceivably, the Government’s announcement this week that it would delay a vote on TPP caught experts and investors by surprise. There
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  • Vietnam in Brief – Week of September 11 to 18

    Vietnam in Brief – Week of September 11 to 18

    This week, we get a little gloomy, as Vietnam’s public debt is speedily approaching a red line. In its latest report, the Ministry of Planning and Investment (MPI) announces that the ratio of public debt to GDP was close to the 65% ceiling set by the National Assembly. Government debt (incurred by the central Government
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  • Understand Vietnam’s government procurement and bidding process

    Understand Vietnam’s government procurement and bidding process

    Key takeaways when participating in a government procurement and bidding process: • Public procurement is one of the sectors most susceptible to corruption. • The number of competitive tenders in the total value of awarded government procurement contracts declined significantly between 2008 and 2009: In 2008, more than 72% of contracts were awarded through competitive
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  • Vietnam and Myanmar Continue to Advance

    Vietnam and Myanmar Continue to Advance

    In the midst of the volatility and uncertainty surrounding emerging markets, two growth economies in Asia keep showing signs of progress. Vietnam and Myanmar are very different countries, in very different stages of economic and political development, but they share similar forward trajectories. In our view, Vietnam is the important emerging market to focus on
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  • Vietnam Deal Book – Week of September 3 to 10

    Vietnam Deal Book – Week of September 3 to 10

    Binh Son planned IPO : Vietnam’s first oil refinery operator Binh Son Refinery and Petrochemical Co Ltd (BSR), which owns the $3-billion Dung Quat refinery, is planning an IPO in 2017. Binh Son is the whole-owned subsidiary of the country’s oil and gas giant PetroVietnam. The privatisation will include selling a stake of 49 percent in
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  • Vietnam economy awash with cash

    Vietnam economy awash with cash

    HANOI – The National Financial Supervisory Committee has said that in the year-to-date the financial system has ensured that money supply is adequate thanks to the banking sector’s plentiful liquidity. The total amount of broad money was VND7,489 trillion (US$334.33 billion), a 12.5 per cent increase from the end of 2015. Money accounted for 74.9
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  • Vietnam in Brief – Week of September 3 to 10

    Vietnam in Brief – Week of September 3 to 10

    Outbound investments reach US$705.8mln – Data from the Foreign Investment Agency (FIA) shows that during the first eight months of 2016, Vietnamese companies have invested US$705.8mln in 106 projects in foreign markets. Overall since Vietnam began overseas investments in 1988, the FIA has granted licenses to more than 1,100 investment projects abroad with a total
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  • The Beer Market in Southeast Asia

    The Beer Market in Southeast Asia

    Southeast Asia (SEA), with its high economic growth and low alcohol consumptions compared to the developed world, coupled with a young population and emerging middle class, is a promising market for beer producers.  International giants such as Heineken, Carlsberg, and Kirin are aggressively expanding in SEA by acquiring dominant domestic brands and each other, as
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