Policy of level ground for foreign investors

Tue, 07/17/2001 - 15:55


Ha Noi, July 17 (VNA) -- The Government will issue a regulation to help attract more foreign investment by creating a level ground of operation between foreign investors and those of other economic sectors, said a Deputy Minister of Planning and Investment.

Mr. Nguyen Hong Phuc added that the Government is to apply the single price policy later this year. The move will cover the fees for registry and examination of means of transport, sea port charges, advertisements on mass media and entrance fees to historic and revolutionary sites.

Suggestion to increase export of major goods

Mon, 07/09/2001 - 10:17



At present, Vietnam is carrying out an export-oriented policy in a context which involves both big opportunities and big challenges. Indeed, a major challenge is how to enhance the endogenous strength of export industries and formulate a market strategy.

1. Garments

ODA helps promote Vietnam's economic development

Mon, 07/09/2001 - 00:52



Ha Noi, July 7 (VNA) -- Planning and Investment Minister Tran Xuan Gia affirms that Official Development Assistance (ODA) sources have made an active contribution to increasing Viet Nam's economic growth and improving its population's living conditions.

Foreign donors pledged more than USD 17 billion, including 15 percent of non-refundable aid and 85 percent of soft loans, for Viet Nam through eight donor group's consultative meetings between 1993 and 2000, according to the minister.

WB grants 520million loans to Vietnam

Thu, 07/05/2001 - 11:55


Ha Noi, July 5 (VNA) -- Poverty Reduction Support Credit, Ho Chi Minh City Environmental Sanitation, Mekong Delta Transport and Flood Protection are Viet Nam's three projects that will receive credits of USD 520 million from the World Bank.

Agreements to the effect were signed in Ha Noi on July 5 by Governor of the State Bank of Viet Nam Le Duc Thuy and visiting WB Vice President Jamil Kassum.

Deputy Prime Minister Nguyen Tan Dung witnessed the signing ceremony.

Positive changes after new policies on taxation

Sun, 06/24/2001 - 23:41


Ha Noi, June 24 (VNA) -- Viet Nam registered a GDP growth rate of 7.3 percent in the first six months of this year, compared with 6.2 percent in the same period last year. High year-on-year increases were seen in the production of crude oil, up by 21.4 percent; cement, 17.9 percent; TV sets, 23.1 percent; and cars, 52.9 percent.

Vietnam will become attractive investment market

Wed, 06/20/2001 - 00:58



Ha Noi, June 18 (VNA)-- With the current progress in policy reform, Viet Nam should become an appealing Southeast Asian market to foreign investors, said World Bank Country Director Andrew Steer.

Steer will chair a midterm review conference of Viet Nam's donors scheduled for June 18-19 in Hoi An town, central Quang Nam province.

The World Bank executive expressed his strong belief on the success of Viet Nam's determination to remove obstacles standing in the way of sustainable economic development and a favourable investment environments

PM Phan Van Khai addresses National Assembly

Mon, 06/18/2001 - 12:07


Ha Noi, June 18 (VNA) -- PM Phan Van Khai delivered a speech at the National Assembly this afternoon, June 18, on a number of socio-economic issues of concern to NA deputies and voters.

Economic development of Ho Chi Minh city

Mon, 06/18/2001 - 00:19


Ha Noi, June 17 (VNA) -- Ho Chi Minh City has turned in solid economic growth so far this year, with the southern powerhouse's performance fuelled by strong exports.

Exports hit USD 2.7 billion in the first five months, registering year-on-year growth of 18.9 percent, Viet Nam News reports.

State-owned enterprises sent USD 2.2 billion worth of goods offshore, up 21.9 percent on last year's tally. This figure made up 80.9 percent of the city's total haul.

Bank Executives pledge reforms

Sun, 06/03/2001 - 12:22


Ha Noi, June 2 (VNA) -- The State Bank Governor and his aides who run the country's four major banks all have pledged to restructure the banking system so as to ensure investment capital to serve the national yearly economic growth target of at least 7.2 percent in the first decade of the 21st century.

State Bank Governor, Le Duc Thuy, told Ha Noi Moi (New Ha Noi) daily that the national banking system, including credit institutions, would concentrate on restructuring its apparatus and upgrading infrastructure facilities.

Textile and garment cooperation among ASEAN

Fri, 06/01/2001 - 13:54




Ha Noi, May 31 (VNA) -- Cooperation among ASEAN countries' textile and garment industries in their process of integration into AFTA (ASEAN Free Trade Area) was the theme of a conference, the first of its kind in Viet Nam so far, held in Ha Noi on May 31.

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