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Ca Na debacle a tough lesson

According to a Government Office announcement, Prime Minister Nguyen Tan Dung agreed with Ninh Thuan People’s Committee to revoke the investment certificate of the long-delayed $9.8 billion Ca Na steel manufacturing complex project. The agreement put an end to the so called “illusive project”, which was registered for investment by Malaysia’s Lion Group and financially-troubled Vinashin three years ago. The case leaves lessons for local authorities, responsible for attracting foreign direct investment (FDI) to their provinces under the government’s decentralisation policy.

IFAD funds Vietnam’s agricultural development project

The funding, the largest that IFAD has given to Vietnam so far, will be used for the northern province of Tuyen Quang, the Central Highlands province of Gia Lai and the southern province of Ninh Thuan in the 2011-15 period. IFAD President Kanayo F. Nwanze, who visited Vietnam last November, spoke highly of what the Vietnamese government has gained in agriculture and rural development, describing Vietnam as an excellent model for developing countries.

Vietnam produces biodegradable polymer products

Researchers from the institute used laminated biodegradable polymer sheets to cover millions of square metres of groundnuts, maize, orange and cotton trees at farms in the northern provinces of Hoa Binh and Thai Nguyen and the central province of Ninh Thuan. They are also used as wrappings for seedlings’ roots and packaging materials.

Gov’t chief okays foreign-funded projects on agriculture

The agricultural sector, peasants and rural areas in the northern province of Tuyen Quang, the central province of Ninh Thuan and the Central Highlands province of Gia Lai will directly benefit from the non-refundable projects.

Ninh Thuan promotes craft industry, village development

The province aims to reach 16-18 per cent annual growth in the industry, with revenue estimated to reach VND660 billion (US$33 million) by 2015 and VND1.4 trillion ($70 million) by 2020. In addition, the sector is expected to create nearly 12,000 jobs by 2015, with a total of 25,000 by 2020. Per capita income would reach VND1.8-2 million ($90-100) per month by 2015 and VND2.8-3 million ($140-150) by 2020.

Vietnam chooses Japan as partner in nuclear power project

Vietnam has decided to choose Japan as its cooperative partner for the construction of the country’s second nuclear power plant in the central province of Ninh Thuan.


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