13th Round of Multilateral Negotiation on Vietnam’s WTO Membership Kicks Off

On July 19, at the WTO in Geneva, Switzerland headquarter, the 13th multi-lateral negotiation on Vietnam’s WTO membership officially kicked off. This is considered an important negotiation for preparation work for Vietnam’s WTO membership. WTO_Vietnam_024_06.jpg

Decision on Textiles Industry Development Terminated

Vietnamese Prime Minister Phan Van Khai on May 30 abolished a decision signed earlier, aimed at mobilizing multi-billion dollars for a development strategy of the country textiles industry to the year 2010.

Decision 126/2006/QD-TTg, which came into immediate effect on May 30, officially removed Decision 55/2001/QD-TTg, issued on April 23, 2006.

Vietnam Firm Signs up for International Internet Links

Vietnam Data Communication Co. (VDC), the country’s largest Internet provider, said Friday it had clinched a deal with the American MCI Inc for two new net links to the US.

The links, each of 155 Megabytes per second speed, are part of a project to enhance VDC’s infrastructure, enabling it to improve its online movie and music services.

However, the company refused to disclose the price and other details of the deal.

It said it planned to expand its bandwidth to 6 Gigabytes per second (Gbps) by the end of this year from the current 3.5 Gbps.

Vietnam Affirms Efforts in Business Environment Improvement

Deputy Prime Minister Pham Gia Khiem on June 5 affirmed the Vietnamese Government's great efforts in improvement of its business environment for domestic and foreign investors.

"Vietnam's quick perfection of its legal systems, particularly the drawing up of new laws such as the Law on Investment, the Law on Enterprise, the Law on Securities and the Law on Real Estate, has manifested the Government's great determination to create a transparent and attractive legal environment for investors," the Deputy PM said at the Vietnam Business Forum in Hanoi.

Viet Nam-US Bilateral Agreement on Viet Nam's Accession to WTO Signed

The Ministry of Trade on May 31 issued a press release on the official signing of the Viet Nam-US bilateral agreement on Viet Nam's accession to the World Trade Organisation (WTO). Following is the full text of the press release: ki_WTO.bmp

Lockheed Martin to Build Viet Nam’s First Satellite

Viet Nam Post and Telecommunications (VNPT) Corporation yesterday signed a contract with the American Lockheed Martin Commercial Space Systems to manufacture Viet Nam’s Vinasat communications satellite, the first of its kind for the country.

Lockheed Martin, with a proposal package of US$168 million, beat French EADS Astrium/Alcatel Alenia Space and Japanese Sumitomo Corporation. The initial investment budgeted by VNPT for the project was $270 million.

American Airlines And Vietnam Airlines Code Share

airline_104_06.gifAmerican Airlines, the world’s largest carrier, and Vietnam Airlines have entered into a code sharing agreement for US-Vietnam services. The two carriers announced Friday that in the first phase, staring April 17, they would offer code share services from the US to Japan and Europe.

US Group To Build $550 Mln Theme Park In Vietnam

A US group is seeking a license to build a US$550 million Disney-style entertainment complex in the southern Vietnamese resort city of Vung Tau.Disney_108_06.gif

Platinum Dragon Empire Inc. had submitted a proposal to Ba Ria-Vung Tau province authorities, Hanh Duong, president of a subsidiary firm, told Thanh Nien Tuesday.

The province had agreed to lease a large area of land for the purpose, he added.

Vietnam's Negotiations For WTO Accession Enters Final Stage

The Working Group for Vietnam's WTO Accession in Geneva said that Vietnam has entered the final stage of its negotiations for WTO accession, according to the National Committee for International Economic Co-operation.WTO_Vietnam_024_06.jpg

Vietnam Wraps Up WTO Entry Talks With Canada

Vietnam concluded bilateral talks with Canada Wednesday on its entry into the World Trade WTO_Vietnam_024_06.jpgOrganization (WTO).

A Memorandum of Understanding to this effect was signed in Geneva, Switzerland, between vice trade minister Luong Van Tu, head of the Vietnamese mission, and Don Stephenson, head of the Canadian delegation at the WTO.