VN, China lead region’s growth

Tue, 09/23/2003 - 17:16



SYDNEY — Asia-Pacific countries are predicted to have the world’s fastest growing economies this year, led by China and Viet Nam.

The International Monetary Fund (IMF) made the forecast in this month’s World Economic Outlook, saying China and Viet Nam will average 7.4 per cent growth this year and predicting even more dynamic figures next year.

Vietnam's Trade Minister Outlines Plans to Enter Global Economy

Mon, 09/22/2003 - 12:33

Monday September 22, 11:31 AM - Asia Pulse Report

HANOI, Sept 22 (Asia Pulse) - Trade Minister Truong Dinh Tuyen spoke with Lao Dong (Labour) newspaper about Vietnam's progress as it attempts to enter the global economy.

What is Vietnam's status in the Association of Southeast Asian Nations(ASEAN) after nearly 10 years of membership?

"Vietnam's position has improved remarkably; we have been making solid
contributions towards a united ASEAN market.

Grip loosens on dong loans to SMEs

Thu, 09/04/2003 - 17:38



HA NOI — The State Bank of Viet Nam will loosen regulations which restrict the use of Vietnamese dong by foreign banks to give small-and-medium-sized firms a better chance of obtaining loans, the bank’s governor Le Duc Thuy said last Sunday.

"The loosening will create competition on the credit market so that banking services will be improved," Thuy told young entrepreneurs getting Vietnamese golden star awards at a meeting in Ha Noi last weekend.

Viet Nam's eight-month export value - US$ 13.3 billion

Tue, 08/26/2003 - 11:41


(08/26/2003)

Ha Noi, Aug. 26 (VNA) - Viet Nam's export value grew at 27.5 percent to 13.3 billion USD in the first eight months of this year, with the foreign-invested sector posting a 38.2 percent growth to nearly 6.7 billion USD and the domestic economic sector, 18.3 percent, said the General Statistics Office.

Coffee enjoyed the highest growing rate of 64.5 percent in export value, due to the hike in prices, while the volume of exports decreased by 6 percent year-on-year.

Domestic firms call for competition reforms

Fri, 08/22/2003 - 12:11



HA NOI — Business leaders are feeling the pressure from foreign competitors and have called on both Government and business to make substantial changes so Viet Nam’s economic integration will be a success.

The entrepreneurs sounded the warning at a symposium in Ha Noi on Sunday, where they gathered to suggest ways to stimulate a domestic economy they described as "not competitive and sluggish."

The winding road to WTO more difficult each day

Wed, 08/06/2003 - 10:29


VietNamNet – At the Moving towards WTO membership workshop on August 6, Demetrios J. Marantis, legal chief advisor of the Vietnam–US Trade Council said that Vietnam should accelerate its accession to the World Trade Organisation (WTO) because the path will become increasingly difficult. In addition, after the Doha round, new conditions for WTO membership may be set.

VN sets sights on WTO entry by 2005

Wed, 08/06/2003 - 10:22



HA NOI — Viet Nam is accelerating its negotiations to join the World Trade Organisation by 2005 to ensure greater access to overseas markets, Deputy Prime Minister Vu Khoan said on Tuesday.

Speaking at the opening of a two-day seminar about Viet Nam’s bid to join the World Trade Organisation (WTO), Khoan said the membership move would benefit enterprises and consumers, as well as restructure the whole economy.

Local shrimp exporters urged to reduce heavy reliance on America

Wed, 08/06/2003 - 10:21

The Sai Gon Times Daily
August 6, 2003


America's Southern Shrimp Alliance (SSA) a coalition of eight southern and eastern seaboard states may file legal action against foreign shrimp exporters, including of Vietnam, said Deputy Fisheries Minister Nguyen Thi Hong Minh.

Speaking at a conference of shrimp exporters in HCMC on Saturday, she said the best way to deal with the situation was to "cut shrimp shipments to the U. S. market."

Vietnam eases foreign ownership rules

Thu, 07/24/2003 - 17:51


By Amy Kazmin
Financial Times; Jul 22, 2003


Vietnam has eased restrictions on foreign ownership of listed companies as part as an effort to stimulate interest in the country's three-year-old equity market.

Prime Minister Phan Van Khai approved an increase in the foreign ownership of listed companies to 30 per cent, addressing a Vietnamese legal anomaly that allowed foreign investors to hold up to 30 per cent of unlisted enterprises, but capped their holdings in listed firms at 20 per cent.

Foreign lawyers permitted to operate in Viet Nam

Thu, 07/24/2003 - 17:41


(07/24/2003 -- 12:34GMT+7)

Ha Noi, July 24 (VNA) - Foreign lawyers' organisations and foreign lawyers are now allowed to operate in Viet Nam under a decree signed on Tuesday by Prime Minister Phan Van Khai.

This decree stipulates that the Vietnamese Government will ensure non-discrimination among foreign lawyers' organisations and foreign lawyers practising in Viet Nam and will protect their ownership of their investment capital and other legal interests.

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