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Vietnam Foreign Investments

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BUSINESS
August 15, 1994 | From Reuters
In a bid to curb widespread use of U.S. dollar bills, the Vietnamese government has served notice that most foreign currency will have to be channeled through banks beginning Oct. 1. The aim of the measure decided by Prime Minister Vo Van Kiet is to control an estimated $600 million now circulating in dollar notes and to increase use of the Vietnamese dong, a senior government economist said.
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NEWS
March 3, 1998 | DAVID LAMB, TIMES STAFF WRITER
Last summer, a remarkable event happened in this isolated commune: Peasant farmers protesting corruption, high taxes and government unresponsiveness rebelled against local leaders, taking hostages and disrupting the rice harvest. The uprising, which spread to other locales and lasted several months, unleashed nightmarish visions in Hanoi.
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BUSINESS
June 13, 1994 | From Times Staff and Wire Reports
Government Considering Privatization: The country will move swiftly to create capital markets to attract desperately needed domestic and foreign investment for economic development, State Monetary & Financial Council Minister Phan Van Tiem told delegates at a Euromoney conference in Hanoi Friday. Much of Vietnam's domestic industry is controlled by the state, but the government is considering plans to sell state industries to private investors.
NEWS
September 26, 1997 | DAVID LAMB, TIMES STAFF WRITER
After several years of heady growth and enthusiastic support from international investors and donors, Vietnam finds itself facing a sobering reality: Those forecasts that it would soon join the elite fraternity of Asian nations known as economic "tigers" were wildly premature.
NEWS
March 3, 1998 | DAVID LAMB, TIMES STAFF WRITER
Last summer, a remarkable event happened in this isolated commune: Peasant farmers protesting corruption, high taxes and government unresponsiveness rebelled against local leaders, taking hostages and disrupting the rice harvest. The uprising, which spread to other locales and lasted several months, unleashed nightmarish visions in Hanoi.
BUSINESS
March 7, 1996
Consortium Plans Port in Vietnam: A group of companies from the U.S., Thailand and Belgium signed a preliminary contract with the government of Vietnam to build a deep-sea port and industrial park in Haiphong, published reports said. New York-based insurer American International Group Inc.; Ban Chang Holding Co., a unit of Bangkok-based property developer Ban Chang; and International Port Engineering & Management Co. of Belgium will head the project in Vietnam's third-largest city.
BUSINESS
September 23, 1996 | Times Staff and Wire Reports
Occidental Chemical Shuns Vietnam Venture: The unit of Los Angeles-based Occidental Petroleum Corp. has pulled out of a $109-million polyvinyl chloride resin venture in southern Vietnam, the Vietnam Investment Review said. The state-controlled weekly said Occidental Chemical Corp. walked away from the venture with Marubeni Corp. and two local firms because the authorities had licensed a rival project. The venture, Oxy-Vina Plastics & Chemical Co.
BUSINESS
March 7, 1996
Consortium Plans Port in Vietnam: A group of companies from the U.S., Thailand and Belgium signed a preliminary contract with the government of Vietnam to build a deep-sea port and industrial park in Haiphong, published reports said. New York-based insurer American International Group Inc.; Ban Chang Holding Co., a unit of Bangkok-based property developer Ban Chang; and International Port Engineering & Management Co. of Belgium will head the project in Vietnam's third-largest city.
BUSINESS
October 2, 1995 | Times Staff and Wire Reports
Coca-Cola Gets OK for Joint Venture: The Atlanta-based company said Vietnam has approved its $48.8-million joint venture to produce the soft drink giant's products in Ho Chi Minh City. Coca-Cola Indochina will hold 60% of the venture, with Chuong Duong Beverage Co., a local contract bottler, holding the remaining 40%. The venture will more than quadruple the production capacity of Coca-Cola Co. products in southern Vietnam to 35.93 million gallons, the company said.
BUSINESS
September 1, 1995 | From Reuters
Auto makers Chrysler Corp. and Ford Motor Co. have won initial approval to set up plants in Vietnam, making them the first of Detroit's Big Three cleared to manufacture in the Communist country, government and company officials said Thursday. The office of Vietnamese Premier Vo Van Kiet also gave its approval in principle for Japanese auto makers Toyota Motors Corp. and Isuzu Motors Ltd. to build plants, the officials said.
NEWS
August 27, 1995 | From Associated Press
Coca-Cola Co. inaugurated its first bottling plant in northern Vietnam on Saturday, the first American factory to open in Vietnam since the United States restored diplomatic relations Aug. 6. Costumed drummers paraded through the $24-million facility as Cokes sped along a computerized bottling line. The plant, 10 miles south of Hanoi, can bottle 136 million gallons of Coke a year. Coca-Cola plans to introduce a canning line later this year.
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