Trans-Asia Railway will run through Vietnam

Sat, 10/14/2000 - 15:40



Ha Noi, Oct. 14 (VNA) -- ASEAN transport ministers have given the green light to a USD 2.5 billion rail link running through Viet Nam and Cambodia. The rail link, the Trans-Asia Railway Project, will link seven ASEAN (Association of Southeast Asian Nations) countries with China.

Workshop on economic impact of Vietnam-US trade agreement



Ha Noi, Oct. 12 (VNA) -- The economic impact of the Viet Nam-US Trade Agreement and World Trade Organization (WTO) was the theme of a workshop held in Ha Noi on Oct. 12 by the National Committee for International Economic Cooperation (NCIEC).

The workshop attracted Vietnamese and US economists and diplomats, and Vietnamese entrepreneurs.

Vietnam-EU to increase garment export quota

Thu, 10/12/2000 - 23:03



Oct. 13 (VNA) -- Viet Nam and the European Union (EU) signed an agreement on Oct. 10 at the EU headquarters in Brussels, Belgium, allowing an average increase of 26 percent on Viet Nam's garment exports quota to EU markets.

Signatories were Vietnamese Trade Minister Vu Khoan and EU Commissioner in charge of trade Pascal Lamy, who also signed a memorandum of understanding on fraud prevention in the footwear industry.

ASEAN-China working group on code of conduct meets in Hanoi

Thu, 10/12/2000 - 23:00


Ha Noi, Oct. 12 (VNA) -- The third meeting of the ASEAN-China Working Group on a Code of Conduct for the East Sea was held in Ha Noi on Oct. 11 under the co-chairmanship of Viet Nam and China.

Participants in the meeting continued exchanging views on a number of issues relating to the draft Code of Conduct (COC) and obtained some initial results. They agreed to make further efforts to perfect the COC for early approval.

Conoco well off Vietnam flows at 17,800 bpd


HOUSTON, Oct 11 (Reuters) - Conoco Inc. (NYSE:COCa - news), said Wednesday an exploratory well offshore Vietnam in the Cuu Long Basin achieved a flow rate of 17,800 barrels per day (bpd).

This rate at Block 15-1, which is 120 miles (180 km) southeast of Ho Chi Minh city, is based on combined well tests of more than 12,600 bpd from three zones and an additional estimated 5,200 bpd from three other zones, said Conoco, a 23.25 percent stakeholder in the block.

Vietnam's Lacquer paintings on show in USA



Oct. 11 (VNA) -- Twenty lacquer paintings by famous Vietnamese artists are on show in Oklahoma City of Okla, the United States, as part of their around-the US journey.

In this second stop-over, the exhibition is to last around nine weeks till mid-December, four weeks longer than the previous one in Denver, the capital of Colorado State. The next and last stop is expected to be in Hawaii for more than two months.

Increase of Textile an Garment exports - Open office in New York

Wed, 10/11/2000 - 18:20


Ha Noi, Oct.11 (VNA) -- Viet Nam's textile and garment exports in the first nine months of this year rose 4.97 percent year-on-year to USD 1,372 million.

The national Viet Nam Textile and Garment Corporation contributed USD 365 million, 17.3 percent more than the previous corresponding period.

Construction of Vietnam's biggest sofware center is underway

Sun, 10/08/2000 - 20:36


Construction Quang Trung Software Park, the biggest centre for software production and services in southern Vietnam, started on October 5 in Ho Chi Minh City.

For the first phase of the project, to finish by the end of 2001, Ho Chi Minh City has invested VND 190 billion (US $13.6 million) in upgrading seven buildings in the former Quang Trung Fair and Exhibition Centre and the transport system around and in the park and in building electricity, drainage and waste treatment systems.

A new oild field discovered off-shore southeast Viet Nam

Sun, 10/08/2000 - 20:02

Ha Noi, Oct. 8 (VNA) -- A new oild field was discovered on Oct.6 at lot 15.1, off-shore southeast Viet Nam, 144 km east from Ba Ria-Vung Tau province.

The exploration contract has been conducted by PETROVIETNAM Supervision Company (PVSC) for Product Sharing Contracts (holding 50 percent of the contract), the United State's CONOCO Limited (23.25 percent), the Republic of Korea's KNDC (14.25 percent), and SK (9 percent) and France's GEOPETROL (3,5 percent).

190 new FDI projects licensed in last 9 months

Sun, 10/08/2000 - 19:52

ONE HUNDRED AND NINETY FDI PROJECTS LICENSED IN LAST NINE MONTHS


Ha Noi, Oct. 6 (VNA) -- In the first nine months of this year, 190 foreign invested projects capitalized at more than USD 512 million were licensed for operation across the country.

With an additional investment of USD 210 million registered by on-going projects involving foreign direct investment (FDI), the total FDI flowing into the country in the first nine months reached more than USD 722 million.

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