Knight Frank opens office in HCM City

Knight Frank, the leading independent global property consultancy company, opened its office in Ho Chi Minh City on May 6 to enhance its presence within the Asia-Pacific region.

Illegal crossings cause deaths

Railway accidents, particularly at level crossings, have risen alarmingly this year, according to Pham Van Binh, head of the Vietnam Railway Corporation’s Traffic Safety Committee.
Agro-forestry, seafood exports up Business

Agro-forestry, seafood exports up

Exports of agro-forestry and seafood products in the first four months of the year went up 12.8 percent against the same period last year, said the Ministry of Agriculture and Rural Development.

Exports rise slightly, trade deficit still widens

Exports in April rose by 2 percent over March to stand at 5.7 billion USD, bringing the nation’s four-month export value to 20.1 billion USD, a year-on-year increase of 8.9 percent.

The slight rise was attributed to increasing demand for imports from many markets around the world amidst the post-crisis recovery.

Garments sector still tops nation’s exports

The garment and textile sector continues to lead other staples in export turnover, earning over 3 billion USD in the first four months of this year, up by 19 percent compared to the same period last year.

April’s CPI sees slight rise

The Consumer Price Index (CPI) in April increased by only 0.14 percent over the previous month, but was up 9.23 percent over the same period last year, according to the General Statistics Office (GSO).

Illegal loggers get jail time

Thirty-five people convicted of illegal logging were on March 31 sentenced to between four months and nine years in prison by the Hanoi People’s Court.

More bio-fuel plants to be grown

The country needs to expand the cultivation of bio-fuel plants in order to produce enough bio-fuel to meet 5 percent of its annual energy needs by 2020 as set out in the bio-fuel development project until 2025, said an industry insider.

Dr Do Huy Dinh, a member of the National Science and Technology Policy Council, said that the country will focus on developing crops that provide bio-fuels such as sugarcane, cassava, sweet kaoliang, and jatropha, to ensure enough materials for bio-fuel plants from 2010 to 2025.