The list of high-profile projets calling for foreign investment

Mon, 02/25/2002 - 11:45

OIL AND GAS

1. New exploration and exploitation

Gulf of Tonskin:- Block 104, 107- Block 110, 113, 114

Vietnam promotes information technology development

Sun, 02/17/2002 - 00:45

Ha Noi, Feb. 15 (VNA) -- Viet Nam's information technology sector plans to earn software and service turnover of USD 229 million and train 50,000 IT experts by 2005. The number of Internet subscribers is expected to increase from 200,000 to 1.2 million in the next four years.

According to the International Data Group (IDG), the country will become a potential market for the world's leading IT corporations by strongly developing IT applications.

U.S Association of Garment & Leather Shoes visits Vietnam

Wed, 01/23/2002 - 10:47

Ha Noi, Jan. 21 (VNA) -- A 17-member delegation of the U.S. Association of Garment and Leather Shoes and the law firm ST&R met with representatives of Viet Nam's Ministry of Planning and Investment, Ministry of Trade and Ministry of Industry in Ha Noi on Jan. 21.

The delegation led by Vice President of the Association, Fawn Evenson.

The U.S. guests also met with representatives of the Viet Nam Chamber of Commerce and Industry, the Textile and Garment Corporation, the Leather Shoe Corporation and the Viet Nam Leather Shoe Assocation.

Vietnam expected to be one of leading exporters in Asia in 2002

Mon, 01/21/2002 - 17:38

Ha Noi, Jan. 21 (VNA) -- Viet Nam has been predicted to be one of a group of leading exporters in the Asia region in 2002 by the Political and Economic Risk Consultancy (PERC).

The group, which also includes India, the Republic of Korea and Taiwan, is expected to obtain export growths ranging from 7 to 8.4 percent.

The Hong Kong-based PERC noted that one positive feature for Asia is that the thrust of government initiatives have been towards greater liberalisation, rather than protectionism, in the face of economic difficulties.

Trade Ministry's new regulations on export rewards

Tue, 01/15/2002 - 23:27


Ha Noi, Jan. 16 (VNA) -- The Trade Ministry has issued new regulations on export rewards, to take effect on Jan. 17 this year.

Under the regulations, rewards will be given to a domestically-made product or category of goods which is exported for the first time with an export turnover of more than USD 100,000 a year. For mountainous and island provinces the figure is USD 50,000.

Vietnamese agriculturar products meet safety standards- FM said

Sun, 01/13/2002 - 23:26

On Jan. 11, FM Spokeswoman Phan Thuy Thanh answered question from Quan Doi Nhan Dan: Please comment on a story of the Orange County Register which asserts that "Vietnam uses pesticide in agricultural production which affects Vietnam's agricultural products:?

Answer:

Such remarks are groundless and of ill-intention.

Construction of software park starts in Ho Chi Minh city

Sun, 01/06/2002 - 23:12


Ha Noi, Jan. 6 (VNA) -- Work on construction of the Software Industrial Park of Ho Chi Minh City National University started in the outlying district of Thu Duc on Saturday, Jan. 5.

The project's first phase is built at a cost of VND 61,467 billion (USD 4.1 million) from the State budget.

In the first quarter of this year, workers will complete the installation of more than 22 km of the fibre-optic cable line linking the park and colleges of the city's university, and equipment and telecom network for the starting and nursing houses.

Vietnamese breeders and traders set up Catfish Club

Sun, 01/06/2002 - 23:10


Hanoi, Jan.7 (VNA) -- Local catfish breeders and exporters decided to set up a club of their own at a conference held in the Mekong Delta province of An Giang on Jan. 5.

The conference on catfish breeding and exports was organized by the Ministry of Fisheries.

Participants at the conference said the club would help co-ordinate production and trading and protect their legitimate rights.

Major reforms to maintain foreign investment

Fri, 01/04/2002 - 12:03


Not complacent with a five-year high in foreign investment last year, the Vietnamese government has pledged a series of reforms, including a further cut in costs for foreign investors.

The plan was unveiled by Minister of Planning and Investment Tran Xuan Gia in an interview with Sai Gon Giai Phong (Liberated Saigon)on the special New Year edition.

Vietnam's GDP growth rate of 6.8 percent in 2001

Tue, 01/01/2002 - 23:41


Ha Noi, Dec. 31 (VNA) -- Viet Nam got a gross domestic product (GDP) growth rate of 6.8 percent in 2001, according to the General Statistics Office (GSO).

This year's GDP growth rate was 0.1 percent higher than that of 2000 and has been a record figure since 1998.

However, the rate was lower than the yearly planned target of 7.5 percent.

The industry and construction sectors contributed a growth rate of 3.7 percent while the service sector, 2.5 percent and the agro-fisheries sector, 0.6 percent.

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