Machine made in Vietnam export to US, Japan and France

Sat, 03/17/2001 - 00:03



Ha Noi, March 16 (VNA) -- Mechanical Engineering Company A74, a subsidiary of the Industrial Machinery and Equipment Corporation, has won contracts worth USD 1 million to export its products to the U.S., Japan and France.

The company will export mechanical tools to the U.S., forklift trucks to Japan and sewing machines to France.
The contract with the U.S. is of 10 years. It provides for an import tax rate of 34 percent against 5 percent levied on machines of the same kind made by other countries.--VNA

List of projects needing foreign direct investment

Thu, 03/15/2001 - 21:53





Ha Noi, March 15 (VNA) -- A list of 104 projects needing foreign direct investment was announced by the Planning and Investment Ministry at a seminar in Singapore today, March 15.

The seminar entitled "Towards Success" was co-organized by the Vietnamese and Singaporean Governments.

FAO Helps Southern Farmers Revive Aquaculture

Thu, 03/15/2001 - 21:52



VNA March 15- The United Nations Food and Agriculture Organisation, FAO, is working with authorities in three southern provinces in carrying out a USD 513,000 programme to help revive aquaculture in the region badly affected by last year's floods.

Beneficiaries of the FAO-funded programme are farmers in An Giang, Dong Thap and Can Tho who have started of preparing ponds and restoring other facilities to raise fresh-water fish and shrimp.

Vietnam will create a more atractive for foreign investors

Thu, 03/15/2001 - 21:49



Ha Noi, March 15 (VNA) -- Deputy Prime Minister Nguyen Tan Dung has affirmed the Vietnamese government would try to remove all difficulties and obstacles to make Viet Nam a more attractive and successful place for foreign investors.

New 6 Aquatic breeding centres

Mon, 03/12/2001 - 00:31



Ha Noi, March 11 (VNA) -- Viet Nam's fisheries sector plans to open six national aquatic product breeding centres in the next five years, says Deputy Head of the Fisheries Ministry's Science and Technology Department Tran Van Quynh.

Vietnam's handicrafts gain foothold in world market

Mon, 03/12/2001 - 00:29




Ha Noi, Mar. 7 (VNA) -- Viet Nam's fine art handicraft products, regarded as an expression of the nation's traditional culture and art, have found a stable niche in the world market.

Unlike other items, fine art handicraft articles are made mostly from raw materials available in the country with imported additives accounting only 3-5 percent. Accordingly, the net income of hard currencies earned from these exports is as high as 95-97 percent.

Garment and textile industry to increase production

Sun, 03/11/2001 - 02:55


Ha Noi, March 10 (VNA) -- Viet Nam's garment and textile industry plans to earn USD 5 billion a year from exports in the next five years.

And the National Garment and Textile Corporation is implementing 150 projects capitalized at VND 5,000 billion, about USD 357 million, to renovate equipment in its affiliate companies to achieve this goal.

In addition, the corporation will invest in building two garment and textile industrial zones in northern Hung Yen province and southern Dong Nai province.

Promote FDI in Central and Central Highland

Thu, 03/08/2001 - 22:10




Ha Noi, March 7 (VNA) -- A seminar for promoting the implementation of foreign direct investment, FDI, projects in central and central highland provinces was held in Da Nang on March 6 and 7 by the Economic and Social Commission for Asia and the Pacific, ESCAP, and the Planning and Investment Ministry.

ESCAP's Japanese-funded Dong Duong, Indochina, investment project faced difficulties during 2000-2001, the seminar discussed the advantages and difficulties of the FDI projects and recommended ways to enhance foreign investment in Viet Nam.

Vietnam first petrol plant &biggest fertilizer plant to be built

Thu, 03/08/2001 - 22:03



Ha Noi, Mar. 7 (VNA) -- Viet Nam's first petrol plant and biggest nitrogenous fertilizer plant will be built in southern Ba Ria-Vung Tau province.

A contract to build the 340,000 tonne-per-year petrol plant was signed between the Gas Processing and Business Company and the joint venture company between the Machinery Installation and Construction Company 45-1 and Taiwan's CTCI Corporation on Mar. 6.

Construction of the petrol plant is estimated to cost USD 17 million and is scheduled to be completed in 2003.

Foreign tourists keep coming to Vietnam

Wed, 03/07/2001 - 11:42



Ha Noi, March 6 (VNA) -- Viet Nam welcomed 365,000 foreign tourists, including 71,000 overseas Vietnamese, in the first two months of this year, a year-on-year increase of 11 percent, says the Viet Nam Tourism Administration.

Most of the foreign tourists were Chinese.

The tourism sector also held tours for 1.5 million domestic tourists in the same period, a four percent year-on-year increase. All told, the sector turned over VND 1,500 billion (USD 107 million) in the period under review.--VNA

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