Vietnam encourages higher Foreign Investment

Mon, 01/29/2001 - 17:28




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

Mon, 01/29/2001 - 16:23



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.

New degree to help small and medium business

Mon, 01/29/2001 - 16:06




Ha Noi, Jan. 29 (VNA) -- The Planning and Investment Ministry is drafting a decree intended to give small-to-medium business development new momentum.

The enterprises - 90 percent of them State-owned - make up 26 percent of Viet Nam's gross domestic product, GDP, and last year provided stable employment for more than eight million people.

In so doing, they played an important role in Viet Nam's socio-economic development.

Vietnam plans measures to encourage foreign investment

Fri, 01/26/2001 - 14:48



Ha Noi, Jan. 26 (VNA) -- Viet Nam 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.

Cinnamon areas expand to meet export demands

Fri, 01/26/2001 - 14:46



Ha Noi, Jan. 26 (VNA) -- Viet Nam is to expand its cinnamon areas from 16,000 ha to 50,000 ha in an effort to earn USD 15 million from cinnamon-bark exports by the year 2005, says the Agriculture and Rural Development Ministry.

Between 3,000-5,000 ha of the planned cinnamon areas will be exploited each year to ensure raw material for both export and essential oil production, it says.

Vinamilk- successful dairy company

Thu, 01/25/2001 - 22:52




Ha Noi, Jan. 25 (VNA) -- The Viet Nam Dairy Products Co. (Vinamilk) has almost defeated multinational rivals.

Between five and seven years ago, milk was a luxury product. However, with the appearance of Vinamilk with its 100 categories of products milk and dairy produce have become familiar to all families.

Environment protection is accelerating

Thu, 01/25/2001 - 22:49

VIET NAM SEEKS NEW FUELS


Ha Noi, Jan. 25 (VNA) -- Viet Nam is seeking to limit the use of fossil fuels and develop replacements so as to reduce environmental pollution, says Deputy Science, Technology and Environment Minister Pham Khoi Nguyen.

He says the ministry has helped the government issue policies aimed at accelerating environmental protection, including those that encourage the development of new and cleaner fuel sources.

Gas to pump from off southern shore of Vietnam

Thu, 01/25/2001 - 22:48




Ha Noi, Jan. 25 (VNA) - Gas is soon to be pumped from the shared Viet Nam-Malaysia gas field off sourthern Viet Nam by PetroVietnam and Malaysia's Oil and Gas Co.

The gas will be used to fuel electricity generation in the Mekong delta provinces of Tra Vinh and Can Tho and is part of PetroVietnam's plans to exploit the country's potential to produce an estimated yearly 2,200 billion cu.m. of the fuel.

Other projects planned by PetroVietnam for the effective use of gas for both industry and daily life include:

Overseas Vietnamese to enjoy one price in Vietnam

Sun, 01/21/2001 - 17:58





Ha Noi, Jan. 19 (VNA) -- Overseas Vietnamese will pay the same for services and public transport as homeland Vietnamese, says the Foreign Ministry's Commission for Overseas Vietnamese.

The change is part of the effort to encourage more investment from overseas Vietnamese.

Commission Chairman Nguyen Dinh Bin says the one-price policy is likely to be applied in the first quarter of this year.

Overseas Vietnamese to enjoy one price in Vietnam

Sun, 01/21/2001 - 17:58





Ha Noi, Jan. 19 (VNA) -- Overseas Vietnamese will pay the same for services and public transport as homeland Vietnamese, says the Foreign Ministry's Commission for Overseas Vietnamese.

The change is part of the effort to encourage more investment from overseas Vietnamese.

Commission Chairman Nguyen Dinh Bin says the one-price policy is likely to be applied in the first quarter of this year.

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