7-7.3% Economic growth in 2002

Wed, 08/21/2002 - 15:51

According to the government report, to attain the target of economic growth rate of 7-7.3%, the growth rate must be at least 7.5% in the second half of this year. This is a real and heavy task for the time to come.

The government has worked out 8 solution packages to be implemented in the second half of the year. VBF wishes to highlight six solution packages:

Vietnam hopes for expanded market after joining AFTA

Thu, 08/15/2002 - 22:08

Vietnam pins its hope on an expanded market once it becomes part of the ASEAN Free Trade Area (AFTA) in 2006, according to Deputy Minister of Trade Luong Van Tu.

"The most obvious benefit for the country when it fully implements the Common Effect Preferential Tariff (CEPT) regime under the AFTA scheme is to broaden outlets for locally-made products," the deputy trade minister said.

Vietnam Speeds up Tariff Reform

Sun, 08/11/2002 - 23:31


HANOI, Aug 9 Asia Pulse - With the 2006 deadline for slashing tariffs under ASEAN Free Trade Area (AFTA) approaching, Vietnam is set to include 760 commodities in the Common Effective Preferential Tariff regime next year.
These items will be transferred from the Temporary Exclusion List to the Inclusion List.

Under a programme to accelerate AFTA accession, the country will include 80 per cent of all goods in the Inclusion List with tariffs of 0-5 per cent by 2003 as against the current target of 65 per cent by 2006.

Press Release of ActionAid Vietnam & VASEP on catfish in Vietnam

Sun, 08/11/2002 - 23:26

Catfish Farmers’ Livelihood under Threat from US trade sanctions

Vietnam Airlines opens three more int'l air routes

Mon, 07/01/2002 - 01:04

Ha Noi, June 27 (VNA) -- Since early this year, Viet Nam Airlines has opened three more direct international air routes linking Ho Chi Minh City (HCMC) to Tokyo, Ha Noi to Tokyo, and HCMC/Ha Noi to Moscow.

Viet Nam Airlines' new Ha Noi-Tokyo route will be officially inaugurated at the Noi Bai International Airport on June 29.

Private economic sector makes positive progress

Mon, 07/01/2002 - 00:59

Ha Noi, June 30 (VNA) -- The private economic sector has made positive progress both in quantity and quality alongside other economic sectors during the renovation process.

In the 2000-2001 period, 35,157 enterprises were set up in the whole country, equal to the total number of enterprises registered in the 1991-1999 period. In addition, about 300,000 individual business households registered to do business in this period.

About 4,200 newly-established enterprises registered to do business in the first three months of this year.

Moody's positive rating outlook to Vietnam

Fri, 06/21/2002 - 11:11

New York, June 19 (VNA) -- The world's leading credit rating agency, Moody's, has changed the outlook from stable to positive for Viet Nam's B1 foreign currency country ceiling for bonds and notes, as well as the B3 foreign currency country ceiling for bank deposits.

The U.S-based agency said the rating change is resulted from an improved external payments position, political and economic stability, and a credible commitment by the Vietnamese government to advance structural reforms beyond a point that was previously considered politically acceptable.

The Fitch gave Vietnam positive ratings

Sat, 06/15/2002 - 22:20

Ha Noi, June 14 (VNA) -- The international rating agency, Fitch Ratings, on Wednesday assigned foreign and local currency long-term debt ratings of "BB-"(BB minus) and "BB", respectively, to Viet Nam. The outlook of these ratings was positive.

The agency also assigned short-term foreign currency rating of "B" to the country, it said in its June 12 statement.

Fitch Ratings is the second international rating agency to assign positive ratings to Viet Nam.

Vietnamese sofware company wins contract from U.S company

Tue, 06/04/2002 - 23:25


Ho Chi Minh City, June 4 (VNA) -- Vietnamese software company TMA Solutions has won an outsourcing contract from U.S. technology company Critical Path.

The TMA will be working on Critical Path's communication platform software that is sold to Internet Service Providers, telecos, wireless carriers and postal authorities in the U.S. and Europe.

Private sector increases investment

Tue, 06/04/2002 - 23:23

Ha Noi, June 4 (VNA) -- The private sector invested almost VND 19,000 billion (USD 1.26 billion) in business during the first five months of this year, according to the Ministry of Planning and Investment.

The figure has brought the total private sector investment capital to VND 60,000 billion (USD 4 billion) since the implementation of the Enterprise Law in 2000. This investment has been poured mainly into industrial production and the processing of goods for export.

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