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Exports to some Africa nations fall

Exports to some Africa nations fall Workers of Southern Food Corporation transport rice for export to Africa. — VNA/VNS Photo Dinh Hue HA NOI (VNS)— Viet Nam’s exports to some large African countries plunged in February, the Ministry of Industry and Trade said. Exports to Senegal plummeted 75 per cent against the same month last year to hit $4.38 million. ... Read More »

Japan explores investment in southern province

A business delegation from Japan’s Kobe city has explored investment opportunities in southern Ba Ria-Vung Tau province in seaport development, logistics and supporting industry. During the delegation’s working session with the provincial authorities on March 18, Vice Chairman of the provincial People’s Committee Ho Van Nien informed the delegates of Ba Ria-Vung Tau’s potential and strengths in tourism, fishing, and ... Read More »

Banks to lend $1.4b for social housing

Banks to lend $1.4b for social housing Low-income earners move into the Blue House building, part of a social housing project in Son Tra District, Da Nang City. The State Bank proposes to provide VND30 trillion (US$1.428 billion) for lending to low-income house buyers and renters and investors in social housing projects at an interest rate of 6 per cent ... Read More »

Vietnam likely to sue DOC for unfair decision

VietNamNet Bridge – The Directorate of Fisheries of Vietnam (D-Fish) is considering suing the US Department of Commerce in a US federal court for its unfair calculation of anti-dumping margins on Vietnamese frozen fish fillets. In its final determination released on March 14, the DOC decided to select Indonesia as the reference country for calculating anti-dumping duties on frozen fish ... Read More »

Dong Nai to clear 21,000 ha for new airport infrastructure

The southern province of Dong Nai has announced plans to clear 21,000 hectares around the proposed Long Thanh international airport, expected to be the country’s biggest, for related infrastructure facilities. Under a plan that has been submitted to government Land in three communes in Cam My District and seven communes in Long Thanh would be cleared for new residential and ... Read More »

Vietnamese insurer to pour 5 mln USD in Laos, Cambodia

The Bank for Investment and Development of Vietnam Insurance Joint Stock Corporation (BIC) has announced it will pour nearly 5 million USD into its subsidiary companies in Laos and Cambodia . Under BIC’s plan recently approved by the Finance Ministry, the corporation will spend 420,000 USD to increase its stake in the Laos-Viet Insurance Joint Stock Company (LVI) from the ... Read More »

Foreign enterprises hold sway over animal feed market

VietNamNet Bridge – The sharp poultry egg price increases in early 2013 has caused a headache to the Ministry of Agriculture and Rural Development (MARD). If the livestock product and animal feed markets continue being controlled by foreign firms, more “price fever attacks” would occur.   Businessmen believe that pushing the poultry egg prices up in early 2013 was a ... Read More »

VASEP to sue DOC for unfair decision

The Vietnam Association of Seafood Exporters and Producers (VASEP) says it will go to court to demand that the US Department of Commerce (DOC) change the decision to choose Indonesia as the sole benchmark country to calculate the anti-dumping rate on Vietnam’s tra fish. Lao dong (Labour) newspaper quoted VASEP General Secretary Truong Dinh Hoe as saying in a March ... Read More »

ETF trading boosts shares

ETF trading boosts shares HA NOI (VNS)— Active trading of exchange-traded funds (ETF) helped lift shares on the two national stock exchanges last week, with both stock indices rising. The VN-Index on the HCM City Stock Exchange gained 2.27 per cent over the week, finishing Friday’s session at 481.35 points. The VN30 tracking the top 30 shares by market capitalisation ... Read More »

City deal to boost IT use

City deal to boost IT use HCM CITY (VNS)— The HCM City People’s Committee has chosen the Viettel Group as its IT partner for e-governance, education, healthcare, transport, and chipset technology. An agreement was signed yesterday between the city Information and Communications Department and Viettel. Under the agreement, HCM City authorities can take advantage of Viettel’s 140,000 km of fibre-optic ... Read More »