Licensing time for foreign investment projects cut by half

Sun, 11/04/2001 - 22:52


Ha Noi, Nov. 3 (VNA) -- The licensing time for foreign direct invested projects in Ho Chi Minh City will be cut by half to 20 days for those in the fields under State special control and those that require examination from specialized branches. The licensing time for small projects in the fields that the State is trying to stimulate investment in will not exceed 10 days.

Tourists keep coming to Vietnam

Fri, 10/26/2001 - 01:11


Ha Noi, Oct. 24 (VNA) -- Viet Nam is likely to welcome about 2.2 million foreign tourists to earn about USD 1.4 billion this year, despite the September 11 tragedy in the United States, according to an official report presented at a conference in Ha Noi this morning, Oct.24.

Viet Nam welcomed 1,776,859 foreign tourists in the first nine months of the year or a year-on-year increase of 10.2 percent, the report said, adding that the country had set a yearly target of welcoming 2.4 million foreign tourists in 2001.

Employment rate reaches 97.24% in Vietnam

Fri, 10/26/2001 - 01:03

EMPLOYMENT RATE REACHES 97.24 PERCENT


Ha Noi, Oct. 25 (VNA) -- An estimated 39,489,000 people aged 15 upwards have permanent employment in Viet Nam. The country's employment rate now stands at 97.24 percent, announced the Ministry of Labour, War Invalids and Social Affairs, MOLISA, on Oct. 25.

The announcement was based on a survey conducted by the MOLISA in the period ending July 1, 2001.

Customs procedures streamlined at Sai Gon & Hai Phong ports

Wed, 10/17/2001 - 12:34


Ha Noi, Oct. 17 (VNA) -- Exports and importers are breathing a sigh of relief as officials start to streamline a host of cumbersome administrative requirements for customs.

Some 17 steps in the customs process will be cut to just five under the new rules.

All export goods will be checked at the border gate, not on commercial premises - in a bid to eradicate the potential for bribes.

PM Phan Van Khai calls for expanding overseas markets

Sun, 09/23/2001 - 23:45

Ha Noi, Sept. 22 (VNA) -- Prime Minister Phan Van Khai has asked Vietnamese commercial counsellors abroad to further expand overseas markets.

During his meeting with 41 counsellors in Ha Noi on Sept. 22, PM Khai encouraged the counsellors to find ways to boost external economic activities in line with Viet Nam's foreign policy of being friends with all nations, diversification, multilateralisation, mutual respect, non-interference in each other's internal affairs, and mutual benefit - for the interest of each country, the region, and the world.

Fisheries sector calls for more investment over next 4 years

Wed, 09/19/2001 - 20:08


Ha Noi, Sept. 19 (VNA) -- The fisheries sector has called for an investment of VND 23 trillion (USD 1.46 billion) for the 2001-2005 period so as to catch 2.4 million tonnes of fish and earn USD 3 billion from exports by 2005.

Fisheries Minister Ta Quang Ngoc told members of the International Economic and Cultural Exchange Club on Sept. 18 that the funding is expected to come largely from the State budget.

Vietnam Airlines &Thai Airway agreement on Da Nang-BKK route

Wed, 09/19/2001 - 19:58


Ha Noi, Sept. 19 (VNA) -- Vietnam Airlines and Thai Airway International signed in Ha Noi today, Sept. 19, a code-sharing agreement on Da Nang-Bangkok route.

The 50-50 partnership agreement will come into effect as of Oct. 28, 2001. Under code-sharing and block seat principle, Vietnam Airlines will sell tickets under its own name and Thai Airway Int'l will provide services on Da Nang-Bangkok route and vice versa.

Textile industry records 25% growth rate

Sat, 09/15/2001 - 19:40

Ha Noi, Sept. 14 (VNA)-- The garment and textiles industry has registered an annual growth rate of between 20 and 25 percent in recent years, and provided almost 1.6 workers with jobs, not accouning for those in the cotton growing and sericulture areas.

Knitwear exports alone earn around USD 25 million every year, reports the Viet Nam Corporation of Textiles and Garments.

The success has largely resulted from the industry's intensive investment in technological upgrades and expansion of raw material areas such as cotton.

Gov't plans to attract USD 12 billion foreign investment

Thu, 09/06/2001 - 00:32

Ha Noi, Sept. 4 (VNA) -- The Government has unveiled its ambitious plan to solicit USD 12 billion in foreign investment between now and 2005, considering this part of its effort to bolster the national economic development in the years to come.

In a recent regulation coded 09/NQ-CP, the Government said: "Foreign investment must be promoted to attract USD 12 billion of registered capital, with USD 11 billion to be disbursed, in the 2001-2005 period."

Hanoi plans to develop IT center

Thu, 09/06/2001 - 00:30


Ha Noi, Sept. 4 (VNA) -- Ha Noi plans to spend VND 400 billion (USD 26.6 million) on developing information technology, making this a key industry in the first decade of the new century.

The city's first step is to built an IT service centre and put it into use by the end of this year. The next step aims to build an IT development centre and the Nam Thang Long IT industrial zone in 2002.

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