HCM City, reliable destination for foreign investors
Deputy Prime Minister Hoang Trung Hai has praised Ho Chi Minh City’s efforts to become a reliable destination for foreign investors, being nation’s leading foreign investment attraction locality and one of the country’s top economic centres.
Work on Nhon Trach 2 power plant starts
Construction of the Nhon Trach 2 thermoelectric power station started in southern Dong Nai province on June 27 in the presence of State President Nguyen Minh Triet.
WB assists Vietnam to cope economic crisis
The World Bank (WB) on June 25 approved the eighth Poverty Reduction Support Credit (PRSC 8) worth 350 million USD, up 200 million USD against 2008, in order to help Vietnam overcome the negative impacts of the global economic crisis.
Businesses on rise despite economic decline
The Ministry of Planning and Investment (MPI) has reported that 40,000 more businesses registered for establishment in the first six months of this year, representing a rise of 14 percent year on year despite declining production and consumption demand.
Japan slashes taxes on Vietnam imports
Most Vietnamese commodities exported to Japan will enjoy preferential tax rates of between zero and five percent once the Vietnam-Japan Economic Partnership Agreement (VJEPA) takes effect.
Sweeping trade pact takes effect, hard work still ahead
The Vietnam-Japan Economic Partnership Agreement (VJEPA) officially came into effect as of June 24, after the Japanese House of Councillors approved the agreement at its plenary session.
PetroVietnam, PVEP sign oil production sharing contract
The Vietnam Oil and Gas Group (PetroVietnam) and the PetroVietnam Exploration and Production Corp. (PVEP) on June 25 signed a production sharing contract for Block 05.1(a) of the Dai Hung (Big Bear) oilfield, 265km offshore southern Ba Ria-Vung Tau province.
Undersea cable to power southern islands
The Electricity Company No 2, an affiliate of the Electricity of Vietnam, will install a 110kV undersea cable in 2010 to provide power to the Phu Quoc island touted as a resort paradise, in the southern province of Kien Giang.
‘Unlisted’ companies reverse market fall
Market indices reversed their declines over the past few days, as the new unlisted public companies market (UPCoM) debuted at the Hanoi Securities Trading Centre on June 24.
Piaggio factory opens in Vietnam
Deputy Prime Minister Hoang Trung Hai joined the inauguration of the Piaggio Vietnam Ltd Company’s first factory in Binh Xuyen Industrial Zone, northern Vinh Phuc province, on June 24.
US HR firm eager to expand into Vietnam
Mercer College, a division of the US-based Mercer company specialising in human resource (HR) training and development, eyes to expand its operations in Vietnam.
Agreement to promote Vietnam’s tourism signed
The Saigontourist Travel Service Company, the Saigon Times Group and international airlines including Eva Air, United Airlines and Air France on June 26 signed a deal to promote Vietnam’s tourism.
Overseas Vietnamese in Canada meet to boost bilateral trade
Some 70 businessmen, all overseas Vietnamese from Ottawa , Montreal and Quebec , Canada , attended a business forum held in Montreal on June 22 to exchange views on business and investment in Vietnam and boosting trade ties with Canada.
CPI up 0.55 percent in June
Vietnam ’s consumer price index (CPI) in June rose 0.55 percent compared to the previous month, according to the General Statistics Office (GSO).
MPI predicts positive developments for national economy
The national economy will see positive developments in the second half of the year although its major industries have experienced sharp decreases in the first half due to the global financial crisis and economic recession, according to the Ministry of Planning and Investment (MPI).
Northern region builds first bio-ethanol maker
A ground-breaking ceremony to build northern Vietnam’s first bio-ethanol plant was held in the midland province of Phu Tho on June 21 in the presence of National Assembly Vice Chairwoman Tong Thi Phong.
Southeast Asia’s largest packaging plants opened
State President Nguyen Minh Triet attended the inauguration of Southeast Asia’s two largest packaging factories in the central province of Nghe An on June 21.
Vietnam, Laos strengthen investment cooperation
The Lao government wishes to welcome more Vietnamese investors as they have been making active contributions to the country’s socio-economic development.