More manual labourers are moving out of
HCM City and returning to their home provinces as the cost of
living soars and salaries remain stagnant, according to experts.
Vietnam earned 215 million USD from
seafood exports to the United States in the first four months of
this year, a year-on-year increase of 26.3 percent.
Vietnam remains attractive to foreign
investors, according to the European Chamber of Commerce in Vietnam
(Eurocham) at a seminar on foreign investment in Vietnam in the
post-economic crisis period.
Fourteen tour companies from
Novosibirsk, Russia, travelled to Vietnam recently to survey tourist
destinations in Phan Thiet, central province of Binh Thuan.
National Assembly Chairman Nguyen Phu
Trong has called for responsible, prudent and open
discussions among NA deputies to find out appropriate solutions for
sustainable development.
The three central provinces and cities
of Thua Thien Hue, Quang Nam and Da Nang are striving for closer
cooperation to jointly attract more Japanese travellers to the region,
said deputy director of the Quang Nam Department of Culture, Sports and
Tourism Ho Tan Cuong.
He said a plan, including the creation
of new tourism products and
cooperation in trade promotion, human-resources training and the
establishment of representative offices in Japan , had been agreed on
by the three localities.
The Ministry of Industry and Trade
(MoIT) will take bolder measures to keep the country's trade deficit in
the second quarter equivalent to roughly 20 percent of export earnings
in the period, down roughly 3.1 percent over the rate in the first
quarter, according to the MoIT's Planning Department.
The northern mountainous province of
Lao Cai is to open a week of culture and tourism on May 29 to join the
entire nation in preparation for Hanoi ’s millennium anniversary
which is four months ahead.
Economists warned the foreign direct
investment (FDI) sector of unexpectedly rising imports, that has led to a
hefty trade deficit and might lead to tougher regulations on imports.
Imports of agricultural products and
fruit and vegetables in April reached 1.5 billion USD, lifting the total
value for the first four months of this year to 5 billion USD – 80
percent more than for the same period in 2009.
A plan to develop the coffee industry
over the 2010-2015 period with a vision to 2020 will be approved by the
government in the third quarter this year.
Despite positive changes, numerous
Taiwanese and the Republic of Korea-invested businesses in Ho Chi Minh
City have not still conformed seriously to Vietnam’s code of
labour.
The northern province of Hoa Binh must
create fundamental changes to drive back the illegal drug trafficking
and transport and stamp out drug smuggling rings in Hang Kia and Pa Co
communes in Mai Chau district.
The Government has ordered the State Bank of Vietnam to take action to
lower
interest rates in order to improve access to credit and boost stalled
credit
growth.
Late last year, the EU decided to increase its anti-duping duties on
Vietnamese leather shoes by 10 percent, which will be in place until the
first
quarter of next year.
The number of mobile phone subscribers
continued to rise in the first four months of this year while the number
of new fixed telephone subscribers saw a year-on-year decrease,
according to data from the General Statistics Office.
The Vietnam Vietnam Automobile
Manufacturers’ Association (VAMA) reports that its members saw their
sales in April increase by 23 percent over the same period last year to
9,551 units.
XIII National Congress of Communist Party of Vietnam
