Vietnam grosses over US$27 million from mollusc exports in January

Vietnam exported 7,400 tonnes of molluscs in January, earning over US$27.4 million, according to the General Department of Customs. The European Union (EU) registered as the country’s largest importer of molluscs in the month. The market imported nearly 2,600 tonnes, accounting for nearly 28.4 percent of the country’s total mollusc export volume. Besides the EU, [...]

SilkAir adds Singapore flight

SilkAir, the regional arm of Singapore Airlines, will offer Saturday flights between Da Nang and Singapore from Feb. 28. Flights will now run four times a week on Monday, Wednesday, Friday and Saturday. The company is offering a 160 USD return promotion to open the new flight./.

Renewables to supply 5 percent of nation’s energy

Vietnam can generate 2,400 MW per year from renewable sources by 2020, or 5 percent of the total electricity production in the country, experts have said. However, this will need significant start-up capital assistance from the Government, they add. “The percentage of electricity generated from renewable energy sources will depend on the funds made available [...]

Closing spurt lifts VN-Index

Significant buys in the final minutes of February 26’s session on the Ho Chi Minh Stock Exchange helped the VN-Index manage a gain of 0.39 percent on the day to close at 496.91 points. Trading value and volume began to suggest a recovery from the doldrums surrounding the Tet (lunar New Year) holiday, with activity [...]

Jan-Feb FDI down by 40 percent

The Foreign Investment Department has reported that in the year’s first two months, the country has licensed 88 foreign-invested projects with a combined capital of 1.6 billion USD, a decrease of 40.2 percent over the same period last year. Major projects included the US Skybridge Sea Co’s 902.5 million USD exhibition and trade centre and [...]

Real estate market to bloom this year

Experts predict that by the end of 2010, Vietnam’s real estate market will be more ebullient than last year, thanks to the abundance of properties. However, according to professionals, property prices are expected to be erratic. The construction of a series of large apartment buildings started in the capital city of Hanoi last December, signaling [...]

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