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Petrovietnam to let foreign firms retail products
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Vietnam, which has been banning foreign firms from distributing oil products, has offered to allow overseas investors in its second refinery to sell directly to the domestic retail market, Petrovietnam said.
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Japanese bank arranges long-term loan for BIDV
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Sumitomo Mitsui Banking Corporation (SMBC) signed an agreement yesterday in Tokyo, Japan awarding a long-term loan to the Bank for Investment and Development of Vietnam (BIDV), said a source from BIDV.
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Vietcombank value seen at $9.3 bln: report
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Vietcombank, Vietnam's fourth largest lender, will set a starting share price of VND100,000 each for bidding at an upcoming auction, valuing the bank at US$9.3 billion, a state-run newspaper reported Monday.
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Major textile firm ventures into real estate sector
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(SGT-HCMC) HCMC-based Thanh Cong Textile Garment Joint Stock Company (TCM) on Saturday broke ground for a VND400 billion hi-end condo and commercial complex, marking its first venture into the property sector.
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