Vietnam Business News

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• Vietnam hits record export rice volume in 2012
• Quang Ngai seeks new FDI for heavy industry complex
• Jetstar Pacific’s Airbus A320 fleet upgraded
• City welcomes first tourists of 2013
• Gov’t asked to create investor-friendly environment
• Vinamarine to focus investment on key seaport projects
• Shrimp exporters want barriers removed
• Owner-absent FIEs difficult to handle
• Steel consumption rises 3%
• Vietnam economy in 2012: a tough year with challenges ahead

Vietnam hits record export rice volume in 2012 Posted: 02 Jan 2013 06:53 PM PST Vietnam's export rice volume in December 2012 reached about 630,000 tonnes, raising the figure for the whole year of 2012 to 8.1 million tonnes, up 13.9% against 2011, according to the Ministry of Agriculture and Rural Development. The year's volume brought Vietnam a total value of USD3.7 billion, a 2.1% rise from the previous year. [...]

Quang Ngai seeks new FDI for heavy industry complex Posted: 02 Jan 2013 06:51 PM PST Aiming to become a nation's hub of heavy industrial manufacturing, central Quang Ngai province has just introduced a list of large-scale projects in heavy industries calling for foreign direct investment capital. Those projects, which will be offered to foreign investors from now to 2020, include a 1.2 billion- megawatt gas-fired power plant, a 300-hectare industrial [...]

Jetstar Pacific’s Airbus A320 fleet upgraded Posted: 02 Jan 2013 06:50 PM PST The low-cost carrier Jetstar Pacific is starting out the New Year with a completely new fleet of 5 Airbus A320 aircraft from January 1st, 2013, upgraded from Boeing 737-400s on December 31st, 2012. Apart from its new airplanes, the carrier also uses new uniforms suitable for the oriental customs. According to Jetstar Pacific's Director General [...]

City welcomes first tourists of 2013 Posted: 02 Jan 2013 06:49 PM PST The HCMC tourism industry on Tuesday welcomed a group of German tourists on Flight VN120 with 315 passengers on board from Frankfurt as the first foreign visitors of the city. Most of the foreign travelers on the flight have schedules to visit HCMC and other coastal cities in the country. The first visitors received flowers, [...]

Gov’t asked to create investor-friendly environment Posted: 02 Jan 2013 06:48 PM PST Vietnam is still a promising destination for foreign investment in 2013, but the Government needs to urgently create a business environment friendly to investors if the country is to continue attracting foreign direct investment. The year 2013 will see many other countries emerging as competitors in attracting investment, representatives of foreign business associations in Vietnam [...]

Vinamarine to focus investment on key seaport projects Posted: 02 Jan 2013 06:48 PM PST Vietnam Maritime Administration (Vinamarine) in the next few years will focus investment on key projects in Haiphong and Ba Ria-Vung Tau that will connect with regional and international routes. The administration is reviewing projects in line with the Government's instruction on sea transport and sea port development. Speaking with the Daily after the survey and [...]

Shrimp exporters want barriers removed Posted: 02 Jan 2013 06:48 PM PST Enterprises are seeking ways to boost shrimp exports in 2013 in the context of economic woes and barriers set up by export markets. The Vietnam Association of Seafood Exporters and Producers (VASEP) has set a shrimp export target of US$2.4 billion for this year, an increase of 6.5% against 2012. The association deems this target [...]

Owner-absent FIEs difficult to handle Posted: 02 Jan 2013 06:46 PM PST The number of foreign-invested enterprises (FIEs) whose owners have fled is growing, but it is not easy for the authorities to handle such cases. In Dong Nai, Binh Duong and HCMC, the fact that owners of operational FIEs run away is not something new. What matters is that the number of such cases has been [...]

Steel consumption rises 3% Posted: 02 Jan 2013 06:45 PM PST The construction steel volume consumed last year only reached 4.5 million tons, down 10% from the previous year, but the consumption of other steel products increased by 20-40%, pushing the total steel consumption up by 3%. Pham Chi Cuong, chairman of the Vietnam Steel Association (VSA), told the Daily that the rise of 3% was [...]

Vietnam economy in 2012: a tough year with challenges ahead Posted: 02 Jan 2013 06:45 PM PST The world saw a sluggish year in 2012 with slower-than-predicted growth, adversely affecting the Vietnamese economy given its much greater integration into the global economy. Despite recording some encouraging achievements, the Vietnamese economy did not flourished as expected in 2012. The slowdown poses new challenges to policy makers on how to drive the country out [...]

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