Viet Nam's insurance market is of great potential

Ha Noi, Nov. 7 (VNA)-- Viet Nam's insurance market is of great potential and promising, says the President of French Insurance Group (AGF).

Antoine Jeancourt Galignani tells the Viet Nam Economic Times that the joint venture in non-life insurances between his company and the Allianz Company of Germany - the Allianz-AGF Viet Nam - has won more than 130 contracts with a gross turnover of USD 3 million in the first year of operation in 2000, a little higher than expected.

Vietnam and Thailan boost tourism cooperation

Ha Noi, Nov. 6 (VNA) -- Minutes of a session to discuss measures to boost Viet Nam-Thailand tourism cooperation were signed in Ha Noi on Nov. 5 by the General Director of the Viet Nam Tourism Administration (VTA) and the President of the Tourism Administration of Thailand (TAT) Adisai Bodharamik.

The signing followed the talks between VTA General Director Vo Thi Thang and TAT President Adisai Bodharamik who was on a working visit to Viet Nam.

1 million new jobs in 10 months of 2000

Ha Noi, Nov. 6, (VNA) -- One million workhands have been provided with jobs so far this year, a year-on-year increase of 100,000 people.

The National Employment Promotion Fund alone has helped generate 250,000 jobs through provision of VND 580 billion (USD 40 million) in loans to labour-intensive projects.

Overseas labour markets have shown signs of healthy recovery, receiving 22,000 Vietnamese guest workers in the first ten months of the year. Additional 8,000 others are expected to go abroad in the remaining two months.

Garment and textile industry export value this year

Ha Noi, Nov. 5 (VNA) -- The garment and textile industry will earn USD 1.9 billion from exports in 2000, an increase of 8.7 percent over 1999.

Exports to quota markets such as the European Union (EU), Canada and Turkey will contribute USD 720-730 million, or a year-on-year increase of 15 percent. This figure will amount to 39 percent of the industry's total export turnover. Meanwhile, exports to off-quota markets including Japan and the United States are expected to rise 17 percent over 1999.

Industrial sector increase in 10 months

Ha Noi, Nov. 5 (VNA)-- The national industrial production output recorded a year-on-year increase of 15.54 percent with the turnover of VND 165,944 billion (USD 11.85 billion) in the last 10 months.

The turnover represented an increase of at least 4.5 percent over the yearly target for 2000 of 9.5-11 percent set by the National Assembly.

Foreign Investors in Agricultural projects

Ha Noi, Nov. 6 (VNA) --

*Agricultural Sector Draws in 340 FDI Projects

As many as 340 foreign-invested projects with a combined capital of USD 2,272 million have been granted licenses to operate in the agricultural sector since 1988 when the country's foreign investment law was promulgated.

The figures represent 12 percent of the country' licensed FDI projects and 6 percent in terms of investment capital.

Development investment to rise by 16% in 2001

Ha Noi, Nov. 6 (VNA) -- Viet Nam will see its development investment rise by 16 percent in 2001 to make up nearly 29 percent of the Gross Domestic Product (GDP), reports the Ministry of Investment and Planning.

Domestic financial sources will contribute 65 percent, consisting of 21 percent from the State budget, 16 percent from State credits, 17.5 percent from the State-owned enterprises, and 25 percent from the population.

International terminal to be built at Tan Son Nhat Airport

Ha Noi, Nov. 3 (VNA) -- The Ministry of Planning and Investment has submitted a project to build an international terminal at Tan Son Nhat Airport to the Government for approval, according to the Viet Nam Civil Aviation Authority.

A feasibility study of the project was conducted with funds from Japan's Ministry of Transportation and Communication, by the Japanese Aviation Consultative Company and Southern Aviation Airports.

Construction of the four-floor terminal is scheduled to be completed by 2010, at a cost of USD 310 million.

Consultancy with Cuban Company for Ho Chi Minh Highway

Ha Noi, Nov. 3 (VNA) -- A supervising consultancy contract for the first phase of the Ho Chi Minh Highway construction project has been signed by the General Directors of the Ho Chi Minh Highway management board and the Cuban Quality Couriers International (QCI) Company.

Vietnam welcome 1,73 million foreign tourists in 10 months


Ha Noi, Nov. 3(VNA) -- Viet Nam welcomed 1.73 million foreign tourists in the last ten months of this year, a year-on-year increase of 17.8 percent, according to the Viet Nam Tourism Administration.

Hence, the country's plans to provide services to about 2 million foreign tourists this year is within reach.