Vietnam’s northern port city of Hai Phong has approved the construction of a $575 million tire factory by a subsidiary of Japan’s Bridgestone Corp , the state-run newspaper Nhan Dan quoted municipal authorities on Thursday as saying.

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Bridgestone to build $575 mln Vietnam tire plant: paper

Further price cuts are inevitable if developers want to woo homebuyers back to the market, news website Vietnamnet cited industry insiders as saying.

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Vietnam developers advised to cut home prices further

An upswing in mergers and acquisitions in the banking system will occur this year, bringing the number of banks in Vietnam to below 30, the Dau Tu (Investment) newspaper has reported, citing experts.

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Vietnam banking sector set for surge in M&A activity this year

The transfer of EVN Telecom, a unit of state utility Electricity of Vietnam, to Viettel has started and will be completed by the end of March, news website VnExpress reported.

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Transfer of struggling EVN Telecom to Viettel underway

A Vietnamese deputy prime minister has ordered Vietnamese bank managers to cease filling key positions at their banks with members of their own family, the Vietnam News Agency reported Friday.

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Vietnamese banks ordered to eliminate nepotism

Vietnam has sent more than 81,000 laborers overseas as of November, Vietnam News Agency quoted an official from the labor ministry as saying on Tuesday.

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Vietnam sends more than 81,000 laborers overseas

Vietnam’s PVI Holdings has projected its gross profit next year will jump 55.6 percent from 2011 to VND700 billion ($33.3 million), a local newspaper reported on Wednesday.

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Vietnam’s PVI Holdings sees 2012 gross profit up 55.6 pct: report

Vietnam will introduce a new set of regulations governing telecom service prices early next year to prevent predatory pricing and unfair competitive practices, Dau Tu newspaper reported Wednesday, citing officials.

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Vietnam to tighten control over telecom prices

Economists warned that a plan to reduce the number of gold producers can lead to a supply shortage and the emergence of a black market, news website VnExpress reported Monday.

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Gold production restrictions may cause black market to rise: economists

Vietnam is expected to raise its crude oil output by 6.7 percent next year to 16 million tons, drawing more from fields both offshore and overseas, countering a fall in bigger domestic fields, a local newspaper reported on Monday.

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Vietnam 2012 oil output to rise 6.7 pct y/y: paper