Vietnam Business News

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• February inflation kept at low level
• Bauxite projects pose environmental and economic problems
• Vietnam-Laos highway inaugurated
• NA Chairman hails Nghe An’s investment promotion
• Vietnam advances ties with ASEAN in 2012
• Experts blast bauxite plant’s effectiveness
• Sweet potato price highly hikes
• Vietnam’s stock market loses nearly VND34 trillion due to rumor

February inflation kept at low level Posted: 23 Feb 2013 07:02 PM PST February's consumer price index (CPI) rose just 1.32 percent from January, bringing the two-month price index to 2.59 percent, the General Statistics Office announced on February 23. A sufficient supply of essential commodities during the week-long Lunar New Year (Tet) holiday in February halted the increasing price trend as normally seen in previous years, said Nguyen Duc Thang, a [...]

Bauxite projects pose environmental and economic problems Posted: 23 Feb 2013 06:59 PM PST Nguyen Thanh Son, Director of the Song Hong Power Company under Vietnam National Coal and Mineral Industries Group (Vinacomin), said that the bauxite projects in Central Highlands region have a harmful effect on the environment and have become an economic burden. According to Son, these projects pose a range of risks to their surrounding areas [...]

Vietnam-Laos highway inaugurated Posted: 23 Feb 2013 06:57 PM PST National Highway 2E linking Vietnam and Laos was officially inaugurated at the Panghok international border of Phongsaly province on February 23. Addressing the ceremony, Vietnam's Deputy Prime Minister Nguyen Xuan Phuc affirmed the traditional special friendship, solidarity and comprehensive cooperation relation between the two countries. The highway has a strategic importance for both Vietnam and [...]

NA Chairman hails Nghe An’s investment promotion Posted: 23 Feb 2013 06:55 PM PST Nghe An's investment promotion activities have an important role to play in attracting investors to the province, National Assembly Chairman Nguyen Sinh Hung has said. Those activities have helped the province draw more and more investment projects, including important and large-scale ones, creating a big momentum for the socio-economic development in the central province, Hung [...]

Vietnam advances ties with ASEAN in 2012 Posted: 23 Feb 2013 07:17 AM PST Vietnam has not only participated actively in promoting ASEAN as a member nation has but also played a leading role in ASEAN's cooperation process. In 2012, the country has made greater contributions to the regional grouping's economic, social and cultural cooperation and also benefited from that, especially its bigger role in the bloc. Vietnam's contribution to [...]

Experts blast bauxite plant’s effectiveness Posted: 23 Feb 2013 03:01 AM PST Although Tan Rai, the country’s first alumina plant, has already become operational and had its very first batches of products, experts close to the matter say the plant will be facing a paradox in which more products mean more losses. The US$460-million facility, based in the Central Highlands province of Lam Dong, and operated by [...]

Sweet potato price highly hikes Posted: 23 Feb 2013 03:00 AM PST The sweet potato price has kept increasing since the Tet Lunar New Year, said Huynh Van Quan, deputy chairman of the Tan Thanh Sweet Potato Cooperative in Binh Tan District in the Mekong Delta province of Vinh Long on February 22. At present, a quintal of the Japanese sweet potato variety fetches VND1.2-1.3 million, which [...]

Vietnam’s stock market loses nearly VND34 trillion due to rumor Posted: 23 Feb 2013 02:59 AM PST The police have set up a committee to investigate the origin of the fabricated information, speculation about that the President of the Bank for Investment and Development of Vietnam (BIDV) was arrested. This news was announced by Police Major General Nguyen Hung Linh, director of the National Security Police in charge of fiscal, monetary, investment [...]

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