Measures to implement 2001 socio-economic plan



Ha Noi, Feb. 3 (VNA)-- Reality had proved the orientations for renovation correct and they must be continued in order to raise the leading role, working capacity and efficiency of the central and local governments, Prime Minister Phan Van Khai said in Ho Chi Minh City this afternoon, Feb. 3.

The Prime Minister was speaking at the closing session of a three-day Cabinet meeting to discuss measures for implementing the 2001 socio-economic plan.

Halong city to become a tourism hub




Ha Noi, Feb. 3 (VNA) -- A Government decision will make Ha Long city in the northern border province of Quang Ninh a tourism, transport and commercial hub for the northern region with the maintaining its status as the major supplier of coal to the entire country.

Average yearly economic growth of between 16 and 17 percent and a yearly USD 2,000 per capita share of Gross Domestic Product from now to 2010 are part of the plans for the city.

Paper industry in Vietnam


Ha Noi, Feb. 3 (VNA) -- Economists forecast that Viet Nam's yearly paper consumption will surge by an average of 10.4 percent to meet the growing demand of about 80-million people between now and 2010.

They say the country will need 870,000 tonnes of paper by 2005 and 1,250,000 tonnes by 2010 making it an ideal market for investors.

The economists quote a Government report saying that it will boost the paper industry in an effort to make it a key economic sector in the next ten years.

Vietnam puts regional land cable to use




Ha Noi, Feb. 2 (VNA) -- Viet Nam has put an optical-fibre cable system linking Viet Nam with China and four ASEAN countries into use, the Viet Nam Post and Telecommunications Corporation (VNPT) said.

The 7,000 km cable - which also runs through Laos, Malaysia, Singapore and Thailand - would help VNPT handle hundreds of international telecom channels. In Viet Nam, the cable runs from nothern Lang Son province to central Ha Tinh province, 500 km south of Ha Noi, before connecting to neighbouring China and Laos.

PM said to increase socio-economic development


Ha Noi, Feb.2 (VNA) -- Prime Minister Phan Van Khai has described the year 2001 as the start of a stage in which Viet Nam will boost socio-economic development to match its progress to international economic integration.

"2001 must be the beginning of a stage in which Viet Nam accelerates socio-economic growth in order to make its 2001-2005 five-year plan and 2001-2010 ten-year strategy successful and match its progress to international integration, including its fully-fledged entry into the ASEAN Free Trade Area (AFTA) by 2006", Khai said.

Vietnamese overseas paticipate in export




Ha Noi, Feb. 1 (VNA) -- The overseas Vietnamese community was praised by a senior trade official as an "effective network of distributing made-in-Viet Nam goods the world over."

More than 2.5 million overseas Vietnamese people, most of them engaged in businesses, have created an effective marketing network for domestic goods the world over, thus making a considerable contribution to the nation's export surge last year, said Deputy Trade Minister Mai Van Dau at a meeting in Ha Noi on Feb. 1 with more than 100 overseas business executives.

Vietnam increases investment in livestock breeding




Ha Noi, Jan. 31 (VNA) -- Viet Nam's investment in livestock breeding will continue increasing in 2001 to ensure the balance between husbandry and crop cultivation.

The number of pigs will be raised to 21 million
including 17 million lean-meat pigs for export. Viet Nam now has about more than 19 million pigs with 7 million lean-meat heads.

New management mechanism for Ho Chi Minh city



Jan 29 Asia Pulse - The Ho Chi Minh City People's Committee has been told it should submit a proposal to Government setting up a management mechanism specific to the city's needs by March.

Nguyen Khanh, vice-director of the Government's Administrative Reform Steering Committee, said the committee believed the present management system, run from Hanoi and applied to all areas of the country, does not make allowances for the different needs of each area and has stymied Ho Chi Minh City's development.

Vietnam encourages higher Foreign Investment




HANOI, Jan 29 Asia Pulse - Vietnam is devising uniform solutions to both attract more foreign investment and make it more efficient.

For example, State management agencies will issue guidelines for implementing the Foreign Investment Law in the first four months of this year.

They will follow this by submitting a formula for the trial equitization of foreign-invested enterprises, FIEs, to the Government in the second quarter to help them participate in the securities and capital markets.

Production of VietsovPetro



Ha Noi, Jan. 29 (VNA) -- The Viet Nam-Russia Petroleum Joint Venture (VietsovPetro) plans to pump 13 million tonnes of crude oil and bring ashore 1.5 billion cu.m. of gas this year.
VietsovPetro tapped 154,000 tonnes of crude oil and brought ashore 15 million cu.m. of gas from the Bach Ho (White Tiger) and Rong (Dragon) oil fields in four days of the traditional Lunar New Year, from Jan. 23-26.

The joint venture's current daily output of 38,500 tonnes of crude oil and five million cu.m. of gas is double last year's production.

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