Fine Art exports to Eastern Europe increace soon

Ha Noi, Oct.19 (VNA) -- With the legal breakthrough in exportation to once-booming East European markets made during Prime Minister Phan Van Khai's recent trip, Viet Nam hoped to record USD 1 billion in fine art export turnover by 2005, compared to the USD 350 million expected this year.

In the '70s and '80s, East Europe was the major market for Vietnamese fine art articles. It accounted for 53.4 percent of the nation's total sales abroad.

3.2 million tonnes of rice for export in 10 months

Ha Noi, Oct. 20 (VNA) -- Viet Nam's rice export is estimated to reach 3.2 million tonnes by the end of October this year.
In the first days of October, the whole country shipped abroad 150 tonnes of rice, bringing the total quantity of rice export in the year to 3.1 million tonnes.

Enterprises nationwide have to date purchased nearly 6.78 million tonnes of paddy, equal to 76.3 percent of that purchased in the same period last year.

International fair to open in Hanoi on Oct. 19

An international industrial trade fair will be opened on October 19.

The fair attracts 300 businesses of 12 ministries and branches and 30 provinces together with nearly 100 companies from 14 countries and territories in the region including the Czech Republic, China, Taiwan, India, Japan, Philippines, Malaysia, Singapore, Australia, Italy, Russia and Ukraine.

Trans-Asia Railway will run through Vietnam

Ha Noi, Oct. 14 (VNA) -- ASEAN transport ministers have given the green light to a USD 2.5 billion rail link running through Viet Nam and Cambodia. The rail link, the Trans-Asia Railway Project, will link seven ASEAN (Association of Southeast Asian Nations) countries with China.

Vietnam-EU to increase garment export quota

Oct. 13 (VNA) -- Viet Nam and the European Union (EU) signed an agreement on Oct. 10 at the EU headquarters in Brussels, Belgium, allowing an average increase of 26 percent on Viet Nam's garment exports quota to EU markets.

Signatories were Vietnamese Trade Minister Vu Khoan and EU Commissioner in charge of trade Pascal Lamy, who also signed a memorandum of understanding on fraud prevention in the footwear industry.

Increase of Textile an Garment exports - Open office in New York

Ha Noi, Oct.11 (VNA) -- Viet Nam's textile and garment exports in the first nine months of this year rose 4.97 percent year-on-year to USD 1,372 million.

The national Viet Nam Textile and Garment Corporation contributed USD 365 million, 17.3 percent more than the previous corresponding period.

Construction of Vietnam's biggest sofware center is underway

Construction Quang Trung Software Park, the biggest centre for software production and services in southern Vietnam, started on October 5 in Ho Chi Minh City.

For the first phase of the project, to finish by the end of 2001, Ho Chi Minh City has invested VND 190 billion (US $13.6 million) in upgrading seven buildings in the former Quang Trung Fair and Exhibition Centre and the transport system around and in the park and in building electricity, drainage and waste treatment systems.

A new oild field discovered off-shore southeast Viet Nam

Ha Noi, Oct. 8 (VNA) -- A new oild field was discovered on Oct.6 at lot 15.1, off-shore southeast Viet Nam, 144 km east from Ba Ria-Vung Tau province.

The exploration contract has been conducted by PETROVIETNAM Supervision Company (PVSC) for Product Sharing Contracts (holding 50 percent of the contract), the United State's CONOCO Limited (23.25 percent), the Republic of Korea's KNDC (14.25 percent), and SK (9 percent) and France's GEOPETROL (3,5 percent).

190 new FDI projects licensed in last 9 months


Ha Noi, Oct. 6 (VNA) -- In the first nine months of this year, 190 foreign invested projects capitalized at more than USD 512 million were licensed for operation across the country.

With an additional investment of USD 210 million registered by on-going projects involving foreign direct investment (FDI), the total FDI flowing into the country in the first nine months reached more than USD 722 million.

Additional 65 foreign-invested projects licensed in first quarter

Ha Noi, April 7 (VNA) -- An additional 65 foreign-invested projects were licensed in the first quarter of this year with a combined investment capital of USD 148 million.

Ho Chi Minh City topped the list with 21 projects valued at USD 51 million. Binh Duong province, next to Ho Chi Minh City, had 24 projects licensed worth only USD 16.5 million; and Ha Noi had four projects valued at USD 4.4 million.