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Catering to the gamblers

At last, after years of waiting, it seems that the Communist Party is willing to “flirt” with sports betting and Casinos for local gamers, for a 3 year pilot period. The Government is not only catering to foreign investor and local demand it will also open a door to collection of taxes much of which are currently lost to casino’s in Cambodia and also illegal betting syndicates in Vietnam.

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Information Technology growth in job demand

In a recent survey, conducted by Vietnam Works a leading on line job search and recruitment website, it was noted that the demand for employees in the Information Technology (IT) sector has doubled in the last 3 years.

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Vietnamese Small and Medium Size Enterprises (“SME’s”)

The number of new SME’s continues to grow at a healthy rate with approximately 14,500 new enterprises established in the first 2 months of 2017, a year on year growth of 3.9% . In this period the registered capital of these newly established firms was US$ 6.7 billion an increase of 35% against the same period as last year.

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Ho Chi Minh City and the Smart City Aspiration

On Friday, last week, I attended a meeting between Dr Liam Fox the UK Secretary of State for International Trade and the Chairman of Ho Chi Minh City People’s Committee Mr. Nguyen Thanh Phong. The Secretary of State was also accompanied by HMA Giles Lever and The Consul General Ian Gibbons.

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The ASEAN Economic Community

ASEAN was in itself a US$ 2.4 trillion economy in 2015 making it the 5th largest in the world. The Asian Economic Community (“AEC”) came into being at the end of 2015/start of 2016 but seems to have been overshadowed by all the talk of TPP and EU Vietnam Free Trade Agreement.

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