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WB steps up cooperation with Vietnam

Visiting World Bank (WB) Vice President for East Asia and Pacific Region Axel van Trotsenburg has pledged to provide a maximum financial source to help Vietnam achieve its socio-economic goals. Van Trotsenburg made the remark at a press conference in Hanoi on May 8, suggesting that the two sides work closely to disburse WB-assisted funding ... Read More »

Aquafeed plant inaugurated in Vinh Long province

The Netherlands’ De Heus Branch Co. Ltd. on May 8 put into operation an aquafeed plant in the Hoa Phu Industrial Zone, southern Vinh Long province. Covering an area of 3 hectares, the 7.5 million USD plant has a designed capacity of 100,000 tonnes of aquafeed a year, providing aquafeed for northern provinces and the southeast region and export. By ... Read More »

More electricity to national grid

An addition eight new turbines of hydro power plants with a combined capacity of 403 MW are expected to put into operation this month, according to the Electricity of Vietnam (EVN). Also in May, the National Power Transmission Corporation is set to put on trial operation the first turbine of the Vinh Tan thermal power 2 plant in central Binh ... Read More »

Mining industry needs increased transparency

VietNamNet Bridge – Vietnam should implement the Extractive Industries Transparency Initiative (EITI) to fight corruption in the mining industry, currently representing over 10% of the nation’s GDP. Such a view was shared by international experts and policymakers who attended a workshop on Vietnam’s possible participation in EITI organized by the Ministry of Industry and Trade in Hanoi on Thursday. EITI ... Read More »

Vietnam strives for 1 billion USD in vegetable exports

Vietnam is expected to earn 1 billion US dollars from fruit and vegetable exports this year. The goal was set during a congress of the Vietnamese Fruits and Vegetables Association in Ho Chi Minh City on May 7. During the event, the association put forth its key orientations and tasks in the coming time, striving for Vietnamese fruits and vegetables ... Read More »

Enterprises learn to stand against disasters

Vietnamese enterprises learn how to continue business activities in the post-disaster time from a symposium on Business Continuity Planning (BCP), which opened in Hanoi on May 8. As a coastal country, Vietnam has suffered sizable economic damage caused by natural disasters and climate change, according to Nguyen Xuan Dieu, Deputy Director of the General Department of Irrigation of the Ministry ... Read More »

Vietnam fears millions of tons of rice unsalable on the world’s low demand

VietNamNet Bridge – Vietnam’s rice exports have got stuck with the high inventory of 2 million tons of winter-spring rice by the end of the second quarter. Meanwhile, it is going to harvest 3.5 million tons of the summer-autumn rice. Cheap rice cannot find buyers A report of the Vietnam Food Association (VFA) showed that Vietnam exported 2.151 million tons ... Read More »

Vietnam’s farm produce meets big barriers in export markets

VietNamNet Bridge – Bad news has come in thick and fast to Vietnamese farmers and farm produce exporters. The Ministry of Industry and Trade in late March 2013 informed that QIA, the South Korean quarantine agency would examine Vietnam’s frozen shrimp products looking for Ethoxyquin, until the end of the year. The concentration level set by the importer is very ... Read More »

Power prices held despite coal costs

Power prices held despite coal costs Illustrative image.— Photo vietnamnet HA NOI (VNS)— Despite a rise in the price of coal sold to power plants late last month, the Ministry of Industry and Trade has not been asked to permit an increase in power prices by Electricity of Viet Nam (EVN). Director of the ministry’s Electricity Regulatory Department Dang Huy ... Read More »

Used-car taxes to rise up to $800

Used-car taxes to rise up to $800 The import tax on used cars of nine seats or more will increase on June 20, according.— VNS File Photo HA NOI (VNS)— The import tax on used cars of nine seats or more will increase on June 20, according to the Prime Minister’s Decision 24/2013/QD-TTg. Accordingly, for cars under 1,000cc, the tax ... Read More »