Vietnam Business News

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• Foreign investors eye mining sector
• New white rhinoceros oilrig contract signed
• Seminar discusses auto industry
• Trade deals need to benefit both sides
• Vinh Long licenses new projects
• Hai Duong attracts foreign projects
• Ha Giang calls for investment
• Bangkok to host lab equipment show
• Stricter management of State spending sought to rein in debt
• ADB grants loans to finance City urban rail project

Foreign investors eye mining sector Posted: 29 Jun 2011 09:12 PM PDT The nation’s mining industry presented evidence of considerable growth potential at the Viet Nam Industrial Minerals Conference 2011, causing increased interest among foreign investors. Deputy Minister of Natural Resources and Environment Nguyen Linh Ngoc said Viet Nam has significant reserves of minerals, including coal, bauxite and mineral sand, but at present the country is not [...]

New white rhinoceros oilrig contract signed Posted: 29 Jun 2011 09:12 PM PDT An epCI contract based on the design, procurement, fabrication and installation of the H4 superstructure oilrig was inked between PetroVietnam, the Hoang Long Joint Operating company and the Petroleum Equipment Assembly & Metal Structure JSC in Ha Noi yesterday. The US$44 million construction project will start on July 4 and run until late May, 2012. [...]

Seminar discusses auto industry Posted: 29 Jun 2011 09:11 PM PDT The establishment of an auto manufacturing and support hub in central Viet Nam’s Chu Lai economic zone was discussed at a seminar held by the Ministry of Industry and Trade in Ha Noi on Tuesday. The seminar, which sought to gather opinions from relevant bodies on the second draft of Viet Nam’s auto development strategy, [...]

Trade deals need to benefit both sides Posted: 29 Jun 2011 09:11 PM PDT The Seventh round of the Trans-Pacific Partnership Negotiations (TPP7) in HCM City has been just wrapped up after a week. Several events at the sidelines of this TPP7 were crucial for stakeholders to have their voice and opinions heard directly by negotiators from nine Negotiating Delegations of TPP7. Among issues at the sideline events, textiles [...]

Vinh Long licenses new projects Posted: 29 Jun 2011 09:10 PM PDT In the first half of the year, more than 138 enterprises in the southern province of Vinh Long received business licences, amassing total capital of 1.5 trillion (US$74 million). Enterprises have mainly invested in industry, trade and construction. The private sector demonstrated a high investment rate, with an average registered capital of VND11billion ($533,000) for [...]

Hai Duong attracts foreign projects Posted: 29 Jun 2011 09:10 PM PDT The northern province of Hai Duong has licensed 21 foreign direct investment projects (FDIs) in the first half of the year, an increase of 66.6 per cent with a combined capital worth of over US$266.3 million, according to the provincial Department of Planning and Investment. Fourteen of these are newly-licensed projects with registered capital of [...]

Ha Giang calls for investment Posted: 29 Jun 2011 09:09 PM PDT The northern province of Ha Giang is calling for investment in 42 projects for the 2011-15 period, according to the Investment and Planning Department. The investment capital will be used to benefit in the agricultural and industrial sectors, as well as to improve infrastructure and services. Key projects include Tan Quang Airport, a cement factory [...]

Bangkok to host lab equipment show Posted: 29 Jun 2011 09:09 PM PDT Many Vietnamese companies will take part in the first exhibition and conference on scientific equipment, technology, instruments and laboratories to be held in Bangkok from October 5-7. The exhibition (Thailand Lab 2011), organised by the NCC exhibition Organiser Co., Ltd and VNU Exhibition Europe, will display the latest innovations in biotechnology, analysis, diagnostics and laboratory [...]

Stricter management of State spending sought to rein in debt Posted: 29 Jun 2011 09:09 PM PDT The State in 2009 overspent by around VND114 trillion (US$5.5 billion), equivalent to 6.9 per cent of the country’s GDP and within acceptable levels as set by the National Assembly. The results form part of a 2009 State budget report presented at the NA Standing Committee’s 41th session, chaired by Party General Secretary and National [...]

ADB grants loans to finance City urban rail project Posted: 29 Jun 2011 09:08 PM PDT Prime Minister Nguyen Tan Dung on Tuesday issued an official document which recommends that the State President approve the ADB loan agreement for the construction of Metro Line 2 in HCM City. Earlier, the prime minister had authorised the Governor of the State Bank of Viet Nam to sign the loan agreement with a representative [...]

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