With the current socio-economic growth, Vietnam is expected to have shortfall of 112 billion kWh of electricity by 2010 and 218 billion kWh by 2020, according to the trade and industry ministry. Thus, in order to meet energy demand for the economic development, the National Assembly has approved a resolution on investment plan for Lai [...]
Hoa Phat Energy Joint Stock Co, one of the ten members of Hoa Phat Group plans to officially generate electricity in mid-December. At present, the contractors of providing coke coal for the project under Hoa Phat Energy Joint Stock Co has concentrated on finishing the first phase of instalment and put into trial operation of [...]
There will be more international tourists visiting Vietnam in 2010, Nguyen Van Tuan, head of general Tourism Department spoke at the conference “Draft strategy of Vietnam tourism development till 2020 and vision to 2030″ in Hanoi last Friday. Reportedly, in November, 388,000 tourist arrivals came to Vietnam, jumping 70.2 percent month on month and 38.6 [...]
Accor has signed a management contract for a new hotel in Vietnam. The 350-room Novotel Saigon Centre is to be built in District 1 in city centre and is scheduled to open in 2012 The Novotel Saigon Centre will be located on the site of the current Metropole Hotel, a well-recognised part of the Ho [...]
Construction work began on November 28 on a project for the elderly in Minh Phu commune in Hanoi’s outlying district of Soc Son. This is the first resort built for the elderly in Hanoi at an estimated cost of VND200 billion and it will be put into use in two years’ time. Covering 11 hectares, [...]
Rice prices may climb about 50 percent next year as demand surges, according to a food official in Vietnam, the world’s second-biggest exporter. Import demand is increasing after typhoons and drought damaged crops in the Philippines and India, said Truong Thanh Phong, chairman of the Vietnam Food Association. Africa is also seeking more rice from [...]
Vietnam has made many renovations and achieved rapid economic growth thanks to its great efforts in cushioning its economy against the global crisis, said Professor Susan Schwab, a commercial policy-maker from the US. Professor Susan Schwab, a former US trade representative, made these remarks at a press conference held in Hanoi on Nov. 29 by [...]
Siam Cement Group (SCG), Thailand’s largest industrial conglomerate, has decided to proceed with its petrochemical project in Viet Nam, with oil firm Qatar Petroleum International as a new partner, local newspaper reported on November 26. “Details of the project should be finalised by mid-2010,” said SCG President Kan Trakulhoon. “At present, we are evaluating fund-raising [...]
The Vietnamese Embassy in Mexico joined other embassies of ASEAN member countries in organising a bazaar in Mexico City on Nov. 28. The ASEAN trade fair displayed a wide range of handicraft products, traditional cultures, cuisine and art performances from the participating countries. This is an annual event co-organised by ASEAN countries, Mexico and Central [...]
Although Vietnam is currently the world’s second largest rice exporter, its export value still remains low. The simple reason is that Vietnamese rice does not have an established trademark on the international market. The Mekong Delta plays an essential role in Vietnam’s rice production. As the country’s main rice basket, it is considered to be [...]
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