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PRESS DIGEST - Vietnam newspapers - January 17

Wed Jan 16, 2008 9:28pm EST

HANOI, Jan 17 (Reuters) - These are some of the leading stories in the official Vietnamese press on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.

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VIETNAM NEWS

-- Vietnam expects a surge in foreign direct investment for several years, responding to low labour costs, an improved investment climate and the geographical location in the centre of Southeast Asian, experts and officials said at a conference.

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TUOI TRE

-- The Ho Chi Minh City People's Court has ruled that Vinamilk VNM.HM must pay 462 million dong ($28,600) in compensation to Vietnamese advertisement firm Skyline for its unilateral cancellation of a brand promotional contract.

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THOI BAO KINH TE VIETNAM

-- Vietnam aims to attract $14-$15 billion of foreign direct investment this year, but the figure could rise to more than $20 billion, said Phan Huu Thang, head of the Planning and Investment Ministry's Foreign Investment Department.

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