Vietnam Economic News
Japan, Vietnam increase cooperation in ship building
Vietnams investment counselor in Japan, Le Huu Quang Huy, made the statement at a conference on the ship building industry held by Kanto Industry and Information (KII) in Tokyo on June 18.
Rubber group launches tree planting project in Cambodia
Addressing the ceremony, Le Quang Thung, Chairman of the VRG Management Board affirmed that VRG-funded projects in Cambodia have proved to be effective. Currently, the two companies have attracted more than 2,000 workers in Cambodia.
Largest oil refinery project to be signed in October
Cao Hoai Duong, deputy director of the Nghi Son Oil Refinery and Petrochemical Ltd. Co., says many contractors from Japan, the Republic of Korea, Italy and the US, have put in bids for the project.
Post and telecoms revenue surges
According to the General Statistics Office, Vietnam had 18.5 million new phone subscribers during this period, up 21.9 percent year on year. Of this number, there were 17.5 new million mobile subscribers, up by 26.2 percent.
HCM City to stabilize prices of eight staple goods
The city Department of Industry and Trade made the statement on June 18 after working with 14 enterprises that will attend the price stabilization program. The price-stabilized goods include rice, sugar, cooking oil, red meat, poultry, poultry eggs, fruits and vegetables, and processed foods.
Vietnam Oil, Gas Reserves Estimated at 4.9B Tons of Oil Equivalent: PetroVietnam
Earlier, PetroVietnam Chairman Dinh La Thang said the national current estimated oil reserves are sufficient for the domestic production for next three decades. PetroVietnam targets to raise its oil equivalent reserves by between 175 million and 225 million tons in the next five years from the accumulated figure of 317
HCM City prefers multinationals for Thu Thiem development
Trang Bao Son, deputy head of Investment and Construction Authority for Thu Thiem Urban Area (Thu Thiem ICA), told the Daily on Monday that some 200 enterprises had shown their keen interest to invest in Thu Thiem although the clearance of land for development has yet to be completed.
Economic zones boost central region
By early June, Dung Quat EZ in Quang Ngai Province had attracted 167 investment projects with a combined registered capital of US$10.7 billion. Deputy head of the EZ management board Le Van Dung said 51 projects were now operational, employing about 12,000 workers.
PetroVietnam H1 Crude Oil Output Estimated at 7.2MT
The volume exceeded 2.11% of the period target and completed 48% of the full-year plan. The firms natural gas output is estimated at 4.65 billion cubic meters in H1, 16.25% on year, surpassing 14.48% of the period target and meeting 58.16% of the full-year projection.
PetroVietnam Power Output Estimated at 6.5 Billion kWh in H1
The output surpassed 17.84% of the period target and completed 64.31% of its full-year plan. The firm forecast it would produce 11.13 billion kWh of electricity this year, up 10.73% versus its earlier target.
Popular Vietnam Business News
Tasco plans to raise chartered capital to 135 billion dong
In details, the company will issue 5.5 million shares for existing shareholders with par value of 10,000 dong per share, under the ratio of 1:1 or one old share for
Vinashin Affiliate Launches First Car-carrying Ship
. Ha Long Shipbuilding Company, an affiliate of Vietnam Shipbuilding Industry Group (Vinashin), launched a 70,000 DWT car-carrying vessel on Tuesday, July 21 in the northern province of Quang Ninh.
Tolls proposed on cars using downtown streets
The citys Tien Phong Technology Joint Stock Company has proposed starting toll collection on cars using downtown streets from January 2012 with a fee level from US$1 to US$2, or
Vietnam hub recalls milk with content deficiencies
Health inspectors in Ho Chi Minh City on Wednesday ordered the recall of five milk products that did not contain the quantity of protein announced on their labels, and suspended
Leap in exports pushes trade deficit to $5.4b in five months
The countrys trade deficit reaches US$5.4 billion in the first five months of the year, according to experts from the General Statistics Office (GSO). The trade deficit was equivalent to
World Bank Predicts US$2.6B Surplus in Vietnam Balance of Payments in 2010
An excess of US$11.7 billion in the capital account will help Vietnam cover a shortfall of US$9.1 billion in the current account this year, the Hanoi-based Chief Economist Martin Rama
HCM City holds global marketing expo
The countrys first-ever International Advertising Equipment and Technology Exhibition opened August 5 in HCM City. The three-day event, Vietad 2010, has attracted more than 150 booths and nearly 70 domestic
Businesses weary of revised automatic import license procedure
Long Quoc Trung, Director of Matsu Electronics, a distributor of refrigeration equipment from Malaysia, said he is nervous because after two weeks, he still has not got confirmation of his
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