Vietnamese enterprises expanding into international markets

Hoang Anh Gia Lai Group has become one of the most successful investors in this neighbouring country with the total investment capital of US$1 billion in such areas as rubber, sugar cane, mining and hydropower industries.

Transparency in Vietnam’s extractive industry

The question is that in the upcoming time whether Vietnam is able to take part in the Extractive Industries Transparency Initiative (EITI) or not. This is also the most concerned question at conference on the Extractive Industries Transparency Initiative (EITI) and Vietnam’s possibility to participate in the Initiative held recently in Hanoi by the Vietnam Chamber of Commerce and Industry (VCCI) and the Constancy on Development Institute (CODE).

Hanoi’s industries see optimistic growth

The city’s revenues from industrial production in April rose 3.4 percent above the previous month and 14.6 percent over the same period last year, said the Office.

Finns look to cut open ethanol opportunities

The Finnish embassy’s Finland Trade Centre (Finpro) reported that Chempolis Ltd, which provides sustainable solutions for biomass, paper, biofuel and chemical industries, was exploring opportunities to set up a joint venture with Vietnamese partners. The move would transfer third generation cellulosic ethanol manufacturing technology, also the world’s most modern technology of its type.

Vietnam to release draft decree on gold trading in April

The central bank has prepared a draft Decree to replace Decree No 174/1999/ND-CP on local gold-trading activities and will release it to collect opinions from ministries, industries, commercial banks and gold traders in April, before sending it for approval from the Government in Q2/2011, the Deputy Governor specified.

Registered FDI down, disbursement still up

The ministry reported FDI disbursement continued to rise. During the period, about $1.15 billion of FDI has been disbursed, posting a year-on-year increase of 4.5 per cent. Processing and manufacturing industries topped FDI attraction with registered capital of $1.2 billion in the two-month period, followed by construction with $71.7 million and retail and wholesale, $48.8 million.

Decree to boost investment in support industries

The National Investment Promotion Programme this year would focus on attracting investment in support industries and in private-public partnership projects in infrastructure, Nguyen Thi Bich Van, deputy head of the Foreign Investment Agency, said. It would particularly turn to investors with expertise in these areas, especially from Japan and South Korea, she said.

Industrial output rises 14.6% in two months

Footwear, paint, metal fabrication and cement were among industries to see substantial growth in the period, while the petroleum industry and truck manufacturing saw declines. Consumer products performed particularly well during the period, climbing 16.5 per cent in January alone, according to GSO expert Do Quang Ha – growth that reflected rising consumer confidence during the lunar new year holiday shopping season.

Gov’t top tasks after Tết holidays

The Ministry of Planning and Investment, in collaboration with the Ministry of Finance, will allocate capital for projects using Government’s bonds and work with local authorities to lure more investment in key projects, especially for auxiliary industries and high-tech field.

State plans to divest 281 firms, sell stake in others

"The selling of State capital would be of the major priorities of the Government as State capital in State-owned enterprises is reduced in industries that do not need a great deal of State control," the Government's Enterprise Reform and Development Vice Chairman Pham Viet Muon told reporters.

Dutch give boost to agricultural sector

The ministry’s International Cooperation Department said the fisheries, cocoa and coffee industries have benefited the most from the co-operation. The Netherlands will help Viet Nam become a full member of the Western and Central Pacific Fisheries Commission (WCPFC). Both countries have agreed to seek funding for a programme to train quarantine officers and law experts concerning the European Union’s food safety rules and law.

Italy joins hands to improve SMEs’ competitiveness

Over 100 Italian firms and business associations will participate in the project funded by the Italian Government and implemented by the United Nations Industrial Development Organization (UNIDO) and the Confederation of Italian Industries.

Unfavourable time forces firms to postpone International bond issuance

Dinh La Thang, PVN’s President said the group has officially stopped the issuance of international bonds in US market in the fourth quarter of 2010. Thang said the reason was the unfavourable time, adding that in deed, some corporations of Vietnam also failed to do so, referring to the names such as Vietnam Coal-Mineral Industries Group (TKV) and Electricity of Vietnam (EVN). Both those corporations and PVN planned to mobilise capital on international bond market in 2010, with offering value ranging from $500 million to $1 billion.

Vietnam, Netherlands enhance PPP in agriculture

MARD’s International Cooperation Department said the fisheries, cocoa and coffee industries have benefited the most from the cooperation. The Netherlands will help Vietnam become a full member of the Western and Central Pacific Fisheries Commission (WCPFC). Both countries have agreed to seek funding for a programme to train quarantine officers and law makers in the European Union (EU) food safety and law.

Opportunities open for business in US

Seventeen Vietnamese businesses in the tourism, processed foods, fine arts and handicrafts and household items production industries attended the conference and the Asia – US trade fair. Demos Vardiabasis, chairman of a California-based entertainment and tourism consultancy, called the event a good opportunity for Vietnamese businesses to introduce their products to the US market.

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