Viet Nam to start this year's negotiation talks for WTO entry


06/09/2004 -- 11:20(GMT+7)

Ha Noi, June 9 (VNA) - Viet Nam will hold bilateral meetings with its trading partners in Geneva, Switzerland, on Wednesday, in the lead up to this year's first session of the eighth round of multilateral trade talks for the country's entry into the World Trade Organisation (WTO).

The eighth round of multilateral trade talks for Viet Nam's WTO membership will be convened on June 15 on the country's goods market and services access, Vietnamese Ambassador to the United Nations Ngo Quang Xuan told the Lao Dong daily.

New law to abolish business monopolies

HA NOI — The long-awaited Competition Law should purge the economy of monopolies while creating a level playing field for all businesses, trade minister Truong Dinh Tuyen has said.

Speaking on Sunday at the 5th National Assembly meeting, he said, "the law is aimed at limiting monopolies in the economy and protecting the legitimate rights of enterprises in competition."

PM clears up permit process for foreign contractors


HA NOI — In order to smooth the process of issuing permits for foreign contractors doing business in Viet Nam, the Prime Minister has issued a decision to streamline the procedures.

The decision is aimed at helping foreign contractors easily operate in Viet Nam by improving co-ordination between ministries of Public Security, Finance and banks, said Hoang Tho Vinh, deputy director of the Construction Ministry’s Construction Department.

Under the decision each ministry will be given a more clearly defined role in the approval process:

First VN securities fund opens


HCM CITY — The State Securities Commission (SSC) has given approval to the Vietnam Securities Investment Fund, the first of its kind in Viet Nam, to begin disbursing investments.

In late March, the fund, known as VF1, won a licence from the commission to set up business and offer certificates to the public.

The close-ended fund has already generated VND300 billion (US$19.1 million), its ceiling limit allowed by the SSC.

Foreign tourists to Viet Nam increase


05/04/2004 -- 19:05(GMT+7)

Ha Noi, May 4 (VNA) - The number of foreign tourists to Viet Nam in the first four months of this year reached 933,800, an annual increase of 7.6 percent, according to the Viet Nam Administration of Tourism (VAT).

In April, 219,000 foreign tourists visited the country, a year-on-year increase of 38.7 percent. The number of tourists from the Republic of Korea tripled, while those from the US increased 2.2 times, from France, 1.7 times, from Japan and Taiwan 1.5 times.

City hammock maker files patent suit in US



HCM CITY — A HCM City hammock maker has filed a patent rights lawsuit against a Taiwanese man in the US.

The director of the privately-owned Duy Loi Company, Lam Tan Loi, said his Taiwan-based distribution agent had received a letter a few weeks ago ordering him to stop importing his hammocks as a similar brand had already been registered.

Loi had the Pham and Associates law firm investigate the case and discovered a man named Chung Sen Wu had received a US patent for a portable hammock exactly like Duy Loi’s.

Vietnam looks to WTO help for accession



HA NOI — Viet Nam expects the World Trade Organisation to assist in training human resources and tender advice during its negotiations with partners for accession to the trade body, Deputy Prime Minister Vu Khoan has said.

He was speaking at a reception in Ha Noi on Tuesday to welcome visiting WTO deputy director general, Rufus Yerxa.

Viet Nam to develop urban highway and railway


(04/05/2004 -- 18:24GMT+7)

Ha Noi, Apr. 5 (VNA) - Apart from minimising private means of transport and developing public transport system, the government will focus on the development of urban highways and railway networks in an effort to reduce traffic accidents and congestion, a senior official said.

Viet Nam strives to maintain CPI of 5 percent this year



Ha Noi, Apr. 5 (VNA) - The Government has worked out five major measures to stabilise prices in the market for the remaining months of this year, striving to obtain a consumption price index (CPI) of 5 percent in 2004.

Work for overseas Vietnamese receives a boost

Radio Voice of Vietnam

The recent resolution of the Political Bureau of the Communist Party of Vietnam's Central Committee dealing with overseas Vietnamese is aimed at fully mobilizing the strength of national unity so as to create a robust and solid driving force for national industrialization and modernization.

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