The developer of Amata industrial park in the southern province of Dong Nai on Friday started work on a commercial complex project inside the park to turn the estate there into an industrial city. Amata (Vietnam) Co. Ltd. will develop the complex on over 19 hectares in Long Binh Ward in Bien Hoa City of [...]
The Asian Development Bank on Monday approved a multi-stage program to provide US$630 million to Vietnam to reform State-owned enterprises, the regional bank said in a statement. Under the program meant to facilitate governance and reform of State-owned enterprises, the bank will provide US$600 million from its Ordinary Capital Resource to strengthen local State firms’ [...]
Saigon Thuong Tin Commercial Bank (Sacombank) last Thursday broke ground for new building of its branch in the capital city Vientiane in Laos in a bid to expand operations after one year’s presence there.The bank said in a statement it would spend US$10 million on the building, which covers 9,200 square meters with one ground [...]
Vietnam Airlines on Monday disclosed a plan to operate 850 more domestic flights during Tet, or Lunar New Year, to meet the surging demand for air travel during this biggest traditional holiday in Vietnam.The national flag air carrier plans the extra flights mainly on the Hanoi-HCMC and HCMC-Danang routes from February 1 to 28, according [...]
Export companies are gearing up their production shifts to fulfil export orders for 2009. However, keeping busy makes them happy. Increasing export volume to offset price decreases Rice export record made in 2009Vietnam expects to export six million tonnes of rice this year, the highest ever. Workers at the Minh Phu Seafood Company are very [...]
A safeguards investigation of float glass imports has sparked a debate between the two domestic makers which propose tariff ‘safeguards’ and 100 importers. A report by the Competition Agency seems to favor the glassmakers. Are imports threatening domestic production? Vietnam’s two big makers of float glass (the flat glass that’s used in windows) think they’re [...]
The Grand Alliance ocean container shipping venture will add Vietnam to its Asia-US East Coast Express service next month, joining a rapid buildup of international transportation connections. According to the US newspaper, Journal of Commerce, Alliance members Hapag-Lloyd, NYK Line and OOCL will add the deepwater port of Cai Mep to an AEX service that [...]
The Viet Nam National Petroleum Corporation (Petrolimex) yesterday, December 15, became the country’s first petroleum distributor to decrease pump prices after the Government authorised firms to set their own rates. A driver fuels up at a Petrolimex petrol station in Ha Noi. (Photo: VNN) As of 3.30pm yesterday, the corporation offered A92 petrol at VND15,950 [...]
International reinsurers CV Starr, AON, Chartis, Zurich and Allianz have jointly signed a US$1.5 billion contract in Ha Noi covering onshore projects and assets for the PetroVietnam Insurance Joint stock Co (PVI). At the signing ceremony held last Friday, the PVI announced it had posted revenues totalling VND3 trillion ($162 million) so far this year, [...]
VMS-Mobifone officially started their third-generation network service (3G) yesterday, December 15, becoming the second provider in the nation to offer the service after Vinaphone. Mobifone’s 3G will provide four main services: Video Call, Mobile Internet, Mobile TV and Fast Connect. It is expected that in the first year, Mobifone will provide 3G coverage to almost [...]
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