Industry to lead growth

The industrial sector is expected to continue to contribute significantly to the country’s GDP growth this year after the industry grew by 12 percent during the last year, according to the Ministry of Industry and Trade.

The ministry made these projections with respects to the recovery of the industrial sector last year, which helped the country achieve a notable growth rate of 5.32 percent. The industrial sector currently accounts for nearly 40 percent of the country’s GDP.

Danish fund ups in pharma to 30 percent

Vien Dong Pharmaceuticals Co (DVD) has completed the private placement of 3 million shares to its Danish strategic partner, BankInvest’s Private Equity New Markets (PENM) fund, at a price of 80,500 VND (4.40 USD) per share.

Yarn-spinning factory breaks ground

Construction of a yarn-spinning factory, with an annual capacity of 6,000 tonnes of yarn, began in the central province of Ha Tinh on December 25.

New shares listed in HCM City

Lix Detergent with 9 million shares and Agribank Securities Companies with 120 million shares will become the latest firms to list on the HCM Stock Exchange on Dec. 10.

Czech senators visit Quang Binh province

Vice President of the Czech Senate Jiri Liska and his entourage visited the central province of Quang Binh on Nov. 18-19 as part of their nine-day trip to Vietnam through Nov. 23.

Ben Tre revokes two RoK licences

Chairman of the southern Ben Tre provincial People’s Committee Nguyen Thai Xay on November 5 signed a decision to revoke the investment licences of two Republic of Korea (RoK) companies because they have not yet implemented their projects as committed.
Danish Queen Margrethe busy in Hanoi Politics

Danish Queen Margrethe busy in Hanoi

State President Nguyen Minh Triet and his Danish guests, including Queen Margrethe II, Crown Prince Prederik and Crown Princess Mary, attended the opening ceremony of a street art festival at the Ly Thai To Flower Garden in Hanoi on Nov. 3.