Viet Nam Vows Safe, Comfortable APEC Summit

Viet Nam will do its utmost this year to make the Asia Pacific Economic Cooperation (APEC) summit and the activities both comfortable and safe, said Deputy Prime Minister Vu Khoan.03_Apec1.jpg

Vietnam - US WTO Talks End, Goodwill Gained

Both sides are hopeful of an early conclusion to the negotiations, Deputy Trade Minister Luong Van Tu said, describing this as the most important progress made at the Vietnam-US 10th round of negotiations on Vietnam's accession to the World Trade Organisation that ended in Hanoi on January 18.

Vietnam Sets Up Committee To Organize APEC Summit

le_ra_mat_024_06.jpgVietnam set up a committee Wednesday tasked with organizing the Asia Pacific Economic Cooperation(APEC) Summit this year.
The biggest international event ever to be hosted by Vietnam will be held from Nov. 12-19 in Hanoi.

Vietnam Post And Telecommunications Group Be Established

The Prime Minister, on Jan. 9, issued a Decision on establishing a Vietnam Post and Telecommunications Group (VNPT).

The Group, with its headquarters in Ha Noi, was set up from a structural rearrangement of the Vietnam Post and Telecommunications Corporation, the Interprovincial Telecommunication Company, the International Telecommunication Company and a part of the Financial Post Company.

A State-owned company, the Group takes over the legal rights, duties and interests of the Vietnam Post and Telecommunications Corporation.

Vietnam Heads APEC Business Advisory Council

With Vietnam named host of Asia-Pacific Economic Cooperation (APEC) Summit 2006, Vietnam Chamber of Commerce and Industry assumes the position of APEC Business Advisory Council (ABAC) on Monday. The council has given top priority to working towards a successful conclusion to the Doha Development Agenda, trade facilitation and liberalization in 2006.

Work On Vietnam’s First Refinery To Begin Finally

Construction will begin on the much-delayed Dung Quat oil refinery – at US$2.5 billion, Vietnam’s largest-ever project – in the central Quang Nam province November 28, an oil official announced.

The project, which included, besides the refinery, a port, storage facilities, and pipelines, was designed to process 6.5 million tons of crude oil annually, or 130,000 barrels per day, Vu Khanh Truong of state owned oil and gas giant Petro Vietnam said.

VN Dpt. Trade Minister And VN Ambassador to the US On Vietnam

Vietnam has made breakthrough progress in multilateral negotiations on its admission to the World Trade Organisation (WTO). The WTO's Working Committee on Vietnam also highly valued the results of bilateral negotiations Vietnam have conducted with a number of countries, said Deputy Minister of Trade Luong Van Tu.

Vietnam coffee festival to feature trading on London market

The Central Highlands coffee festival will be held in Daklak - Vietnam’s coffee heartland - from Dec. 2 to 5, where companies can trade coffee on the London market.
Computers with Internet access will be ready at the festival to facilitate transactions on the London futures (terminal) market, said Daklak chairman Nguyen Van Lang at a press conference in HCMC Tuesday.

The province will officially unveil the Buon Ma Thuot coffee trademark at the festival, aimed to expand markets and attract investment into processing, said Mr. Lang.

Vietnam's Annual Inflation At 8.3 Pct In Oct

Vietnam's consumer price index (CPI) is estimated to have risen 8.3 percent in October from a year earlier, the General Statistics Office said on Monday.
That compares with an increase of 7.8 percent in September and 7.3 percent in August.

The government last week forecast that inflation would be around 8 percent in 2005, higher than its initial target of keeping it below 6.5 percent.

Vietnam, reliant on oil product imports and hard-hit by bird flu outbreaks that reduced food supplies, saw inflation reach 9.5 percent last year.