Construction of the Tien Son Industrial Zone

Ha Noi, Dec. 17 (VNA) -- Work on the construction of the Tien Son Industrial Zone in northern Bac Ninh province started today, Dec. 17.

Infrastructure construction of the 134 hectare project will cost VND 267.5 billion (about USD 18.6 million). The zone will have 4 areas specializing in producing traditional handicrafts, textile and garment; electronics assessories; construction material; and processed farm produce.

Denmark grants US 3.5 million to support farmers

Ha Noi, Dec. 17 (VNA) -- Denmark will provide a grant of USD 3.5 million to establish a fund to guarantee farmers' loans.

A framework agreement to this effect was signed in Ha Noi on Dec. 15 between the Ministry of Agriculture and Rural Development and the Bank for Agriculture and Rural Development of Viet Nam and the Danish International Development Agency (DANIDA).

340 foreign invested agricultural projects licensed

Ha Noi, Dec. 17 (VNA) -- Viet Nam has 340 foreign-direct-investment, FDI, agricultural projects worth USD 2,272 million.

Almost all the investment has been for cultivation, fisheries, livestock breeding and processing and has helped the restructuring of agriculture and the creation of rural jobs.

The investment has also helped the Vietnamese acquire management experience and modern skills and intergrate with the world economy.

Vietnam exports USD 200 million worth of tea in 2000

Ha Noi, Dec. 17 (VNA) -- Tea exports will earn Viet Nam an estimated USD 200 million this year.

The tea is sold in 30 countries - between 40 and 50 percent of it to the Middle East.

But markets have also been found in Japan, Hong Kong, Belgium and the United States.

As a result, between 1989-98 tea exports were 186,000 tonnes, including a record of 33,500 tonnes worth more than USD 50 million in 1998.

Pharmaceutical sector in Vietnam

Ha Noi, Dec. 15 (VNA) -- The domestic pharmaceutical turnover is likely to reach VND 2,100 billion (USD 170 million) this year, a year-on-year increase of 15 percent, and per-capita medical investment is up by four percent to USD 5.2 a year.

The figures were announced by Vi Ninh, Head of the Viet Nam Pharmaceutical Management Bureau, at a press briefing in Ha Noi on Dec. 14.

The industry has managed to record an export turnover of USD 11 million, Ninh said.

Vietnam and China meet on border issues in Ha Noi

Ha Noi, Dec. 15 (VNA) -- Assistant to the Foreign Minister and leader of the Vietnamese Government delegation to the negotiation of the Viet Nam-China territorial borders, Le Cong Phung, and his Chinese counterpart Wang Yi, met in Ha Noi from Dec. 12-14.

At the friendly, frank and mutual understanding talks, the two discussed concrete measures to fulfil the borderline demarcation with a view to the signing of an agreement on the Tonkin Gulf demarcation within this year, as agreed by their top leaders.

Donors indicates US 2,4 billion for Vietnam

Ha Noi, Dec. 15 (VNA) -- Donor countries and international organizations have indicated about USD 2.4 billion for Viet Nam's poverty reduction and development agenda.
The figure was included in a paper issued at the closing session of the Consultative Group Meeting for Viet Nam in Ha Noi on Dec. 15.

Contracts on Nam Con Son oil field exploitation signed

Ha Noi, Dec. 15 (VNA) -- Contracts for the Nam Con Son Gas Project were signed by the Viet Nam Oil and Gas Corporation (PetroVietnam) and its foreign partners, BP, Statoil of the UK and ONGC of India, in Ha Noi Dec. 15.

These included a business cooperation contract between PetroVietnam and BP Pipeline Viet Nam B.V, Statoil AS to build and put into operation a pipeline in Nam Con Son and a contract for selling gas exploited at Lot 06.1 of the Nam Con Son basin between PetroVietnam and the Lot 06.1 product-sharing contractors (PSC).

Consultative group meeting for Vietnam opens in Ha Noi

Ha Noi, Dec. 14 (VNA) -- The Consultative Group (CG) for Viet Nam opened its meeting in Ha Noi this morning, Dec. 14.

Participants at the two-day meeting include Deputy Prime Minister Nguyen Tan Dzung, and representatives of the World Bank (WB), 41 bilateral and multilateral donor organizations and nations, and many observers.

Vietnam's economy makes positive changes in 2000

Ha Noi, Dec. 14 (VNA) -- Positive changes in the Vietnamese economy have been exemplified in the reversal of the downward economic trend. The GDP growth rate in 2000 is expected to reach 6.7 percent as compared to 4.8 percent in 1999.

Minister of Planning and Investment Tran Xuan Gia discussed the Vietnamese economy at the private sector forum held in Ha Noi on December 13.