VN-Index above 530 point threshold level

Nhan Dan Online – The VN-Index saw a increase of 18.12 points or 3.5% compared to the closing level of the previous week, to close this week at 531.51 points, surpassing 530 point threshold level, after three increasing sessions and two decreasing sessions.

Underground petrol and oil storage to be built in Quang Ngai

Nhan Dan Online – An investment licence on building an underground petrol and oil storeage was handed by the Management Board of the Dung Quat Economic Zone over to the Petrovietnam Oil Stockpile Company Limited yesterday.

Japan’s ODA projects to benefit southern provinces

Nhan Dan Online - The Japanese Consulate General in Ho Chi Minh City yesterday signed a grant contract worth over US$478,000 for five projects to be deployed in several southern provinces.

Contract on Lot B – O Mon Gas Pipeline signed

han Dan Online – A business co-operation contract on the Lot B – O Mon Gas Pipeline project was signed between the Petrovietnam Gas Corporation (PVGas) and its partners including the US’s Chevron, Japan’s MOECO and Thailand’s PTTEP yesterday.

Italian group invests in sheet steel project in Vietnam

Nhan Dan/VNA – Italy’s Danieli Group has bought a 20% of the shares in the Vietnam Steel Corporation (VNSteel) which is building the country’s first sheet steel plant with an annual capacity of 2 million tonnes.

Vietnam Aquatic Products Festival to be held in Can Tho

Nhan Dan – The 2010 Vietnam Aquatic Products Festival will be held in Can Tho city from April 24 – 27 with the participation of over 400 enterprises nationwide.

PVI receives strong financial capacity rating

Nhan Dan/Financial Times - The Petrovietnam Insurance Joint Stock Corporation (PVI) has received a financial credit rating of B+ (strong financial capacity) and an issuer credit rating of bbb- (good ability to implement financial commitment) from the AMBest Company – a global credit rating organisation.

Furniture expo opens in Ho Chi Minh City

Some 150 local and foreign enterprises are taking part in the Vietnam International Furniture & Home Accessories Fair 2010 (VIF 2010) which opened in Ho Chi Minh City yesterday.

ABB inaugurates new factory in Bac Ninh

ABB, the leading power and automation technology group, opened a new plant for manufacturing power products in the northern province of Bac Ninh’s Tien Son Industrial Park yesterday.

VNPT Global teams up with Singaporean partner

Singapore Technologies Telemedia (ST Telemedia) bought a 10% stake in VNPT Global Investment Joint Stock Company (VNPT Global) yesterday to kick off their new partnership.

First segment of Thu Thiem under-river tunnel connected to approach road

The first segment of the Thủ Thiêm under-river tunnel was connected to its approach road in district 2, Ho Chi Minh City yesterday after three days of being tugged and immersed.

Construction of Rao 2 bridge in Hai Phong starts

Nhan Dan Online – The construction of the Rao 2 bridge spanning the Lach Tray river commenced in Hai Phong city yesterday.

Rubber latex plant breaks ground in Laos

Construction of a rubber latex plant with an annual capacity of 15,000 tonnes started in Pakse district, Champassak province, Laos yesterday.

Japanese businesses seek opportunities in Ho Chi Minh City

Representatives from twenty businesses from Kansai, Japan have paid a three-day visit to Ho Chi Minh City in an effort to seek business opportunities in the country’s largest city.

Construction of industrial gas separation plant starts

Nhan Dan – The construction of an industrial gas separation plant with a capacity of 110 tonnes a day commenced in the Thang Long II Industrial Park in the northern province of Hung Yen yesterday.

Biogas-fueled power plant inaugurated in Ho Chi Minh City

A biogas-fueled power plant with the word’s most modern technology was put into operation at the Phuoc Long Pig Breeding Farm (PLPBF) in Ho Chi Minh City yesterday.

Can Tho bridge to be inaugurated on April 21

Nhan Dan – The Prime Minister has agreed that the Can Tho bridge will be inaugurated on April 21 this year.

US$10.5 billion worth of textiles and garments to be exported this year

Nhan Dan – The Vietnam textile and garment sector will try its best to fulfill its US$10.5 billion export turnover target this year.

Rubber export price increases to high level

Nhan Dan – Rubber export price has risen by US$400 a tonne since early December 2009, according to the Vietnam Rubber Association.

Gold price down sharply

Nhan Dan Online – The selling domestic gold price this morning decreased by VND 160,000 a tael compared to that yesterday after the world gold price fell the most in a month.

Eximbank joins GlobePass alliance

The Vietnam Export-Import Commercial Joint Stock Bank (Vietnam Eximbank) has officially joined GlobePass, an alliance network of financial institutions in the Asia-Pacific region, to raise its prestige and the quality of service for both domestic and foreign customers.

Contract on linkage of Dai Hung infield soft pipeline system signed

Nhan Dan Online – An EPCI (Engineering, Procurement, Construction, and Installation) contract on underground linkage of the infield soft pipeline system has been signed by the Petroleum Technical Services Corporation (PTSC) and the Dai Hung Petroleum Company.

Tan Kim gold ore to be exploited in Thai Nguyen

Nhan Dan – The People’s Committee of Thai Nguyen province has been assigned by the Government to manage and grant a licence to run the Tan Kim gold ore in Vo Nhai district

Oil and gas service turnover posts record high

Nhan Dan Online – The Vietnam National Oil and Gas Group (Petrovietnam)’s oil and gas service field posted a record growth rate in 2009 with a total value of nearly VND 40 trillion.

100,000 tonnes of barite powder to be exported

Nhan Dan – After meeting the domestic demand for barite powder, around the remaining 100,000 tonnes of the powder will be allowed to be exported in 2010, according to Deputy Prime Minister Hoang Trung Hai’s new instruction.

Ha Nam One Member Company Ltd makes its debut

Nhan Dan – The Ha Nam One Member Company Limited made its debut in the Dong Van II Industrial Park in Ha Nam province on March 6.

Vietnam’s beverage sector attracts int’l investments

"Despite the slowdown in investments on the back of the global financial crisis, the Vietnamese drinks sector continues to attract investments from international players," confirms website "www.companiesandmarkets.com", the world 's leading source for international market research and market data.

Coffee price down sharply

Nhan Dan Online – Coffee export price at the Ho Chi Minh City port decreased to US$1,175 a tonne from US$1,184 a tonne after the sharp reduction of US$44 a tonne to US$1,210 a tonne in the world price of coffee on the March 5 trading session.

776 enterprises receives ‘Vietnam High Quality Goods’ title

Nhan Dan – 776 enterprises selected by consumers and the distribution system nationwide were awarded with the ‘2010 High Quality Vietnam-made goods’ title yesterday.

First oil flow from Nam Rong-Doi Moi oilfield tapped

The first flow of oil from the Nam Rong-Doi Moi oilfield was tapped yesterday.

Vietnam expands power investment in Laos

Vietnam and Laos have agreed to jointly conduct a feasibility study on construction of the Nammo hydro-electric power plant, an important project to ensure local supply and energy export to Vietnam.

Positive outlook for Vietnam’s 2010 exports

Vietnamese exports are looking up this year, with many products seeing high growth and an increase in orders in the first two months.

Oil price down

Nhan Dan Online – The retail prices of diesel and kerosene have decreased by VND 300 a litre and VND 500 a litre while the wholesale prices of fuel-oils 3S and 3,5S have been reduced by VND 300 a litre.

Price of coal for power production up

Nhan Dan – The price of coal for power production rose by 28 – 47% from March 1.

2010 Vietnamese business forum opens

A 2010 forum for Vietnamese businessmen and women opened in Ho Chi Minh City yesterday.

Stock exchanges to collect listing fees

Stock exchanges and the Vietnam Securities Depository Centre will be able to charge new fees to member brokerages and listed firms under a new circular issued by the Ministry of Finance.

Construction of Thuong My Trung Irrigation Work starts in Quang Binh

Nhan Dan Online – The construction of the Thuong My Trung Irrigation Work commenced in Le Thuy district, Quang Binh province yesterday.

Realty project management firm makes its debut

VinaProjects - a joint venture between the VinaCapital Group and the in Projects Group - made its debut in Ho Chi Minh City yesterday, providing real estate services.

Economic growth expected to attain nearly 6% in first quarter

Vietnam’s economy is expected to grow by 5.7-5.9% in the first quarter or nearly double the rate for the same quarter last year, according to the General Statistics Office (GSO).

Japan ODA for Vietnam hits record high in 2009

The Japanese Government will provide Vietnam with another official development assistance (ODA) package of more than JPY 25.8 billion in the 2009 fiscal year, raising the total Japanese ODA commitment to the country in the year to a record high of over JPY 145.6 billion.

Export turnover reaches US$8.9 billion in two months

Nhan Dan – Export turnover has reached US$3.9 billion in February, thus bringing a total export turnover in the first two months to over US$8.9 billion, equivalent to the figure in the same period last year, according to the Ministry of Industry and Commerce.

Price of clean tap water up 48% in Ho Chi Minh City

Nhan Dan – The People’s Committee of Ho Chi Minh City has decided to increase the price of clean tap water by around 48% in the city from March 1.

ADB helps Vietnam to ensure financial stability

Nhan Dan Online- The Asian Development Bank (ADB) is organising a training workshop with the State Bank of Vietnam (SBV) to equip the Vietnamese Government officials with the necessary skills to understand financial vulnerability and early warning systems to ensure the country's financial stability.

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