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Dong Nai, Japan boost cooperation in support industries

Representatives from the Dong Nai provincial People’s Committee and the Kansai Bureau of Economy, Trade and Industry (KBETI) of Japan gathered on March 6 to discuss ways to further cooperate in the support industries. At the function, the two sides agreed to create favourable conditions for support businesses from the Kansai region to invest in ... Read More »

Ukraine backs joint ventures with Vietnam

Ukraine will enhance economic and trade relations with its traditional partners and support Ukrainian–Vietnamese joint-venture enterprises, announced Ukrainian Foreign Minister Leonid Kozhara. At a March 5 meeting of officials from the Ukrainian Ministry of Foreign Affairs and Ministry of Economic Development and Trade in Kiev , Kozhara said through its overseas diplomatic and trade missions, Ukraine will boost economic and ... Read More »

Gold bidding mechanism not a miracle drug

VietNamNet Bridge – Whether the domestic gold price decreases to come closer to the world price depends on the amount of gold the State Bank would put into circulation and the people’s confidence on the bank’s policies. Right after the watchdog agency stated it would organize bullion gold tenders, the gold price has fallen down significantly, thus helping narrow the ... Read More »

Cambodia ties to be enhanced

Cambodia ties to be enhanced HA NOI (VNS)— Representatives of the Vietnamese Ministry of Planning and Investment and the Cambodian Ministry of Planning met in Ha Noi yesterday to devise orientations for future co-operation. Minister Bui Quang Vinh stressed the need for the two ministries to focus on more practical and effective contents of co-operation in order to work as ... Read More »

Electricity cables in new city to go underground

Electricity cables in new city to go underground BA RIA – VUNG TAU (VNS)— All electrical cables in the new city of Ba Ria in Ba Ria-Vung Tau Province will be placed underground. Local authorities yesterday morning kicked off a project to put 30.6 km of electricity cables underground, with the aim of improving the city view and making a ... Read More »

Viet Nam gets first dollar billionaire

Viet Nam gets first dollar billionaire Mr Pham Nhat Vuong.— photo HA NOI (VNS)— Pham Nhat Vuong has become the first Vietnamese billionaire to enter the Forbes list of world’s richest individuals. Vuong, who ranks 974th, boasts total assets of US$1.5 billion due in large part to the 53 per cent stake he owns (both indirectly and directly) in ... Read More »

Shares rise after two-day decline

Shares rise after two-day decline HA NOI – National stocks rallied during today’s session after declining to the attractive price level. On the HCM City Stock Exchange, the VN-Index gained 1.94 per cent to 471.09 points. Gainers outnumbered losers by 181-55. However, trading was sluggish, reaching only VND487.7 billion (US$23.2 million) on a volume of nearly 35.6 million shares. The ... Read More »

Vung Tau to host first int’l seaports festival

The first International Seaports Festival, themed “Vietnam – Trading Port of Peace and Development”, will be held in Vung Tau city, southern Ba Ria-Vung Tau province from May 17-19. According to the organiser, the Long Mai Global Trading Corporation (LOMA), diverse activities will be organised during the event, including a carnival, an exhibition on domestic and foreign seaports, shipping companies ... Read More »

First Southeast Asia forum held in UK

The first Southeast Asia forum to further promote cooperation between the UK and ASEAN member nations took place in London on March 5. Addressing the opening of the quarterly event, Vietnamese Ambassador Vu Quang Minh said the forum took place when the UK’s development strategy and diplomatic policy are heading towards the East, focusing on Asia in general and ASEAN ... Read More »

Vietnam’s US business attraction on table

A US business official has highlighted Vietnam for its important position in establishing economic and trade links with the Association of Southeast Asian Nations (ASEAN). Marc Mealy, Vice Chairman of the US-ASEAN Business Council, made the remarks at a seminar on Vietnam-bound investment in New York on March 5, with the participation of over 70 representatives from local companies, trade ... Read More »