The Business Times: Master plan for Hanoi’s fifth ring road approved

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• Master plan for Hanoi’s fifth ring road approved
• US$5.6 bln for Long Thanh airport, phase 1
• Seafood exports to Russia increase sharply
• HCM City’s CPI continues downward trend in April
• Malaysia a top destination for Vietnamese tourists
• Firms aim to join global supply chain
• Market must tackle mid-long term credit
• Retail prices of petrol, diesel, kerosene rise
• State-owned corporations lingering long over disinvestments
• “Miracle Village” of Japan in Da Lat

Master plan for Hanoi’s fifth ring road approved Posted: 22 Apr 2014 09:05 PM PDT The Prime Minister has approved the master plan for the Hanoi region's fifth ring road, which will be more than 330 kilometres long, according to Nhan Dan newspaper…. The move came following the approval of master plans for the Hanoi region and the development of Vietnam's highway system, the newspaper said. The ring road is […] The post Master plan for Hanoi's fifth ring road approved appeared first on Vietnam Business News.

US$5.6 bln for Long Thanh airport, phase 1 Posted: 22 Apr 2014 07:56 PM PDT The Ministry of Transport (MoT) has submitted to the Prime Minister a construction plan for Dong Nai-based Long Thanh International Airport, with the first phase estimated to cost US$5.6 billion. The MoT proposed building a terminal capable of serving 25 million passengers a year and two parallel runways in the first phase. Together with compensation […] The post US$5.6 bln for Long Thanh airport, phase 1 appeared first on Vietnam Business News.

Seafood exports to Russia increase sharply Posted: 22 Apr 2014 07:55 PM PDT The Vietnam Association of Seafood Exporters and Producers (VASEP) has forecast Vietnamese bivalve mollusk exports to Russia will increase significantly in the second quarter of the year. Three year ago, squid and octopus exports to Russia unexpectedly dropped over the span of a few months. The market began to rebound in June 2013 and exports […] The post Seafood exports to Russia increase sharply appeared first on Vietnam Business News.

HCM City’s CPI continues downward trend in April Posted: 22 Apr 2014 07:48 PM PDT The consumer price index (CPI) of Ho Chi Minh City in April fell by 0.04 percent against the previous month, according to the municipal statistics office. Prices of five out of 11 baskets of commodities and services were down, with the biggest drop (1.24 percent) seen in baskets of housing, electricity, water and fuel. Other […] The post HCM City's CPI continues downward trend in April appeared first on Vietnam Business News.

Malaysia a top destination for Vietnamese tourists Posted: 22 Apr 2014 07:41 PM PDT Malaysia’s Minister of Tourism and Culture Dato’ Seri Mohamed Nazri bin Abdul Aziz late last week praised the support from Vietnamese authorities, coordinators, travel agents and media for their efforts to promote his country as a top holiday destination for Vietnamese tourists. “Viet Nam is one of the most important markets of Malaysia and last […] The post Malaysia a top destination for Vietnamese tourists appeared first on Vietnam Business News.

Firms aim to join global supply chain Posted: 22 Apr 2014 07:38 PM PDT Small and medium-sized enterprises in Viet Nam need to make more efforts to improve their competitiveness in the global supply chain, a workshop heard in HCM City yesterday. Nguyen Phuong Dong, deputy director of the city Department of Industry and Trade, said Viet Nam is integrating widely and deeply into the world economy, and having […] The post Firms aim to join global supply chain appeared first on Vietnam Business News.

Market must tackle mid-long term credit Posted: 22 Apr 2014 07:37 PM PDT Viet Nam’s capital market should be developed to handle the mid-long term credit demand of the economy, leaving the management of short credit and financial services to the banking system. The suggestion put forward by bankers and economists is aimed at taking the pressure off balance sheets and volatile capital structures at banks that use […] The post Market must tackle mid-long term credit appeared first on Vietnam Business News.

Retail prices of petrol, diesel, kerosene rise Posted: 22 Apr 2014 07:35 PM PDT The Ministry of Finance (MoF) increased the retail prices of petrol, kerosene and diesel from 12am yesterday. The increase was between VND130 and VND210, or between 6 and 10 cents, per litre. The ministry also permitted distributors to decrease the mazut price because its base price is now VND61 ( 2.9 cents) lower than its […] The post Retail prices of petrol, diesel, kerosene rise appeared first on Vietnam Business News.

State-owned corporations lingering long over disinvestments Posted: 22 Apr 2014 07:13 PM PDT State-owned corporations have cited many reasons for delaying the sale of stakes to withdraw their capital from non-core business fields. More profitable than unprofitable deals reported The corporations have been requested by the government to reclaim the investment capital they injected into other businesses as soon as possible. The enterprises have reportedly become bogged down […] The post State-owned corporations lingering long over disinvestments appeared first on Vietnam Business News.

“Miracle Village” of Japan in Da Lat Posted: 22 Apr 2014 07:12 PM PDT Two Japanese farmers have brought the vegetable planting model from Japan's richest village to Da Lat City, Lam Dong Province. Kawakami Mura village in Minamisaku District, Nagano Prefecture, to the west of Tokyo is called by the Japanese people a “Miracle Village". This used to be barren land, the poorest area in Japan in the […] The post "Miracle Village" of Japan in Da Lat appeared first on Vietnam Business News.

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