Defense Minister visits Russia

Nhandan July 4, 1999 - A Vietnamese high-ranking military delegation led by Defence Minister Pham Van Tra have talked with a Russian high-ranking military delegation led by Defence Minister, Marshal Igor Sergeyev.

The two sides have exchanged views on world and Asia-Pacific situation and on friendship co-operation in national construction and defence of Vietnam and the Federal Republic of Russia.

Korea Helps Set up Stock Exchange

Nhandan July 4, 1999 - According to an agreement signed on July 2, 1999 between the Ministry of Planning and Investment of Vietnam and the Embassy of the Republic of Korea in Vietnam, the Republic of Korea International Co-operation Agency (KOICA) will implement the second phase of the technical assistance programme to set up a stock exchange of Vietnam (SEV).

Ho Chi Minh City Attracts New Investment

Ho Chi Minh City has attracted 36 more foreign investment projects with total investment capital of US $57.1 million in the first half of 1999.

Of these, 24 projects were outside industrial zones (IZs) and export processing zones (EPZs) with total capital of US $40.6 million.

To date, there are 768 foreign investment projects in Ho Chi Minh City with total capital of US $9,925 million. EZs and EPZs have attracted 46 projects with total investment capital of US $265.5 million.

58,000 Tones of Rubber Produced

Nhan dan June 28, 1999 - The Vietnam National Rubber Corporation has produced some 58,000 tones of rubber in the first six months of the year, according to a corporate report released at a review meeting in Ho Chi Minh City on June 24.

Vietnam's Exports Reach Nearly US$ 5 Billion In The First 6 Months of 1999

VNA: HANOI, June 28 - Viet Nam's export turnover in the first six months of this year reached nearly US$ 5 billion, representing 50 percent of the yearly plan and a year-on-year increase of 7.7 percent.

Vietnam Licenses First 100% Foreign-Owned Life Insurer

VNA HANOI, June 28 - The first wholly foreign-owned life insurance cmpany has received an operation licence from the Ministry of Planning and Investment (MPI).

The Chinfon - Manulife Insurance Company (CMIC) a joint-venture between Taiwanese Chinfon Global Corp. and Manulife Financial of Canada, is capitalised with US$ 8.5 million to which the former contributes 40% and the later, 60%. It plans to begin operations in August.

Vietnam to Pursue One Price System

VNA, HANOI, June 28 - Vietnam officials are optimistic about related agencies next month beginning to implement the single-price policy for foreign investors.

The dual-pricing policy that discriminates against foreign investors will be gradually lifted and they will benefit from privileges on land lease price, salary payment in Vietnamese Dong and other measures.

The Spokesperson on peaceful solution to Kosovo

Answer by the Spokesperson of Vietnam Ministry of Foreign Affairs to foreign correspondent on June 10, 1999 with regard to peaceful solution to the Kosovo Issue.

Question: On 10 June 1999, Hanoi-based AFP correspondent asked about Vietnam's reaction to a piece of news that Yugoslavia signed an agreement with NATO on troop withdrawal from Kosovo on 9 June 1999.

Spokesperson on Vietnam - Cambodia relations

Answer by the Spokesperson of Vietnam Ministry of Foreign Affairs to foreign correspondent on June 9, 1999 with regard to Vietnam-Cambodia relations.

Question: On 9 June 1999, EFE correspondent asked about Vietnam's views on a piece of news that Cambodian students demonstrated to allegedly claim back Cambodia's land when General Secretary Le Kha Phieu arrived in Phnom Penh. How do the ongoing negotiations over Vietnam-Cambodia border reflect Vietnam's position with regard to that of non-interference and peaceful settlement of regional and interventional disputes?

Hoang Sa and Truong Sa Belong to Vietnam, Reaffirms FM's Spokesperson

"Vietnam has sufficient historical and legal evidences to prove its indisputable sovereignty over Hoang Sa (Paracels) and Truong Sa (Spratly) archipelagoes" reiterated Foreign Ministry (FM) spokesperson Phan Thuy Thanh in Hanoi on June 2.

The spokesperson affirmed Vietnam

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