Vietnam, Singapore Boost Economic Ties

Vietnam and Singapore discussed ways to boost bilateral co-operation during the fifth session of the Vietnam-Singapore Inter-Governmental Committee for Economic Co-operation in Hanoi on June 1.

The two sides focused their discussion on bilateral cooperation and reviewed Singapore's investment in Vietnam in the past years, including the agreement on helping train Vietnamese banking staff.

Industrial Output Increases 10 per cent

Viet Nam achieved an industrial production value of VND 67,939 billion (US $4.887 billion) in the first five months of this year, a 10.2 per cent year-on-year increase.

Big year-on-year increases were recorded in outputs of crude oil, 30.6 per cent; fertilizers, 13.6 per cent; bicycle, 22.4 per cent; motorcar assembly, almost 53 per cent; fishery processing, more than 18 per cent; and motorbike assembly, 45.5 per cent.

Vietnam- Gov't endorses major BOT water project

(THE SAIGON TIMES DAILY June 3, 1999) The Government has approved the second-phase of a major water project in HCMC under the build-operate-transfer (BOT) form, following a request by the Ministry of Planning and Investment and the city authorities.

Grand Imperial Saigon Water Company Ltd., an alliance by four companies from Malaysia, the U.K. and Hong Kong, plans to exploit water from the Saigon River.

Caring for Children in the Interests of the Nation

Vietnam is a young nation. Nearly 40 per cent of our population are children. Thirty million young Vietnamese citizens form the abundant labour source for the country in the future. "Children today, the world tomorrow" - the world's slogan of action for children, is also the principle reflected in the line and policies on child care and education of the Vietnamese Party and Government.

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