Garment export earnings surging during year-end months

Mon, 12/02/2002 - 17:04

Ha Noi, Dec. 2 (VNA)-- Viet Nam's textiles and garment export earnings in the first 11 months of this year surged to 2.45 billion USD, a year-on-year rise of 34.7 percent, according to the General StatisticS Office.

The export value of this staple has continuously increased in year-end months, with the figure in November alone reaching 270 million USD. The 2002 figure is estimated at 2.7 billion USD, or an increase of 36.7 percent over 2001, the highest export growth rate since 1997.

Agricultural Restructuring in Vietnam- Some Principal Indicators

Fri, 11/22/2002 - 09:38



1. Uneven restructuring of lines and occupations

Overview of Viet Nam's Cooperative Economy

Fri, 11/15/2002 - 08:54


Cooperative economy is getting increasingly asserted with its indispensable role in Vietnam's socialist-oriented multi-sectoral economy. The 5th Party CC Plenum has set the goal to bring the collective economy, cooperative Economy included, out of its present feeble position within 10 coming years so as to conform to the process of national industrialization and modernization.
Linkage : Engine of Revival

Viet Nam attaches importance to economic integration

Wed, 11/13/2002 - 09:42

New York, Nov. 13 (VNA) -- Viet Nam attaches great importance to integrating into the world economy, first and foremost, to expand trade relationship with other countries, said Ms. Ninh Thi Binh, Viet Nam's representative to the UN Committee for Economic-Financial Affairs, in New York on Nov. 12.

She said at a debate on "International trade and development" that Viet Nam considered its early accession to the World Trade Organisation (WTO) as the first priority in this process.

On Viet Nam's preparations for its admission to the WTO, Binh said:

VN Commercial banks to cut foreign currency interest rates

Wed, 11/13/2002 - 09:38


Ha Noi, Nov. 13 (VNA) --Viet Nam's commercial banks are to slash dollar deposit interest rates shortly, a State Bank official said.

The move follows U.S. Federal Reserve's cut last week, State Bank Strategic Policy Department Director Le Xuan Nghia said, adding that the Fed's cut would impact the global economy with Viet Nam not escaping the brunt.

The rate reduction would directly affect domestic banks which have deposited approximately 5 billion USD in overseas banks, forcing them to adjust their own deposit rates.

Viet Nam's ten-month industrial production up 14.3%

Tue, 10/29/2002 - 12:14

Ha Noi, Oct. 29 (VNA) -- Viet Nam's industrial production was valued at 214.4 trillion VND (14.6 billion USD) in the first ten months of 2002, a 14.3 percent year-on-year rise, according to the General Statistics Office.
Of this figure, the State-owned sector rose 11.6 percent and the non-state sector, 19 percent, while the foreign investment sector increased by 14.4 percent.

US company to invest in Viet Nam's IT sector

Tue, 10/29/2002 - 12:12

Ha Noi, Oct. 29 (VNA) -- The U.S. International Data Group (IDG) plans to invest between 50 and 100 million USD in Viet Nam's information technology sector, in the next 10 years IDG President Patrick McGovern announced on the occasion of the 10th anniversary of the first PC World review issue published in Viet Nam.

Ordinance on safeguards in the import of foreign goods into VN

Thu, 10/24/2002 - 10:51

ORDINANCE No. 42/2002/PL-UBTVQH10 ON SAFEGUARDS IN THE IMPORT OF FOREIGN GOODS INTO VIETNAM

In order to enhance the State management over the economy, create conditions for the Vietnamese economy to effectively integrate into the international economy, restrict unfavourable impacts causing serious harm to the domestic production due to abnormal increases in the import of goods into Vietnam;

VN Airlines invites other joint stock airlines to domestic market

Wed, 10/23/2002 - 14:39

Ha Noi, Oct. 23 (VNA) -- Vietnam Airlines welcomes other joint stock airlines to join in competition in the domestic market, said Vietnam Airlines General Director Nguyen Xuan Hien in an interview published by Lao Dong newspaper today.

Vietnam Airlines has proposed to the government the establishment of a new joint stock airline which would work together with the joint stock Pacific Airlines and other partners to serve the domestic market.

Viet Nam Airlines on way of development

Mon, 10/21/2002 - 11:15

VIETNAM AIRLINES ON WAY OF DEVELOPMENT

Ha Noi, Oct. 20 (VNA) -- Aviation, one of Viet Nam's key economic sectors, has made great contributions to its national socio-economic development.

It has been as an important instrument to implement Viet Nam's open foreign policy, helping enhance its international economic cooperation and integration.

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