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.

Vietnam looks to benefits from BTA ratification




Ha Noi, Jan. 20 (VNA) -- Trade export turnover to the U.S. is expected to increase between 30 and 35 percent a year to USD 3 billion by 2005, says Deputy Head of the Trade Ministry's Import-Export Service, Tran Quoc Khanh.

He says a large number of Vietnamese products targetted for the U.S. market will benefit from tariff cuts once the bilateral trade agreement (BTA), which was signed by the two countries in 2000, is ratified.

Air route linking Thailand, Laos, Vietnam to be opened

Sun, 01/21/2001 - 17:52



Ha Noi, Jan. 21 (VNA) -- Commercial representatives of the nine northern provinces of Thailand have agreed to open a new international air route linking Thailand, Viet Nam and Laos from February, 2001.

The new international air route will be established in accordance with an agreement on economic and transport cooperation reached between China, Thailand, Laos and Viet Nam last year.

PetroVietnam production projection in 2001

Thu, 01/18/2001 - 00:06




Ha Noi, Jan. 18(VNA) -- The Viet Nam Oil and Gas Corporation (PetroVietnam) plans to pump 16 million tonnes of crude oil and bring ashore 1.8 billion cubic metres of gas in 2001.

PetroVietnam last year had pumped more than 16 million tonnes of crude oil, 5,000 tonnes more than 1999 and brought ashore 1.55 billion cubic metres of gas, including 1.2 billion cubic metres for the production of electricity.

As a result, the company earned almost USD 3.5 billion from the export of 15.4 million tonnes of crude oil.

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