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Vietnam’s Exports to Hit US$70 Billion By Year End
HANOI, Oct. 27 – Vietnam generated US$57.8 billion in export revenues over the first 10 months of the year, a 23.3 percent year-on-year increase, Deputy Minister of Industry and Trade Nguyen Thanh Bien said at a meeting in Hanoi on Tuesday. Bien announced at the meeting that this is likely to continue, resulting in total […]
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Citing National Security, Vietnam to Limit Foreign Investment in Forestry Projects
Oct. 25 – Provincial administrations in Vietnam are no longer allowed to grant licenses to foreign investors for new forestry projects, according to a government report released at a National Assembly meeting on Saturday. Furthermore, the Vietnamese government has ordered its Ministry of Defense to inspect all current foreign-invested forestry projects and cut back the […]
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Japan and Vietnam to Jointly Develop Rare Earth Deposits
Oct. 22 – Japan and Vietnam plan to co-develop rare earth deposits in the Southeast Asian nation as China, the world’s leading supplier of such minerals, continues to cut its supply. A joint development agreement is expected to be signed on October 31, when Japanese Prime Minister Naoto Kan is scheduled to travel to the […]
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Vietnam to Open Up Express Delivery Market to Foreign Companies
Oct. 21 – To fully comply with WTO policies, Vietnam has committed to opening up its growing express delivery market to create a level playing field for both domestic and foreign express mailing companies. Vietnam’s express delivery market has seen tremendous growth over the last few years with total revenue in the sector rising from […]
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Vietnam’s Trade Deficit Forecast to Hit US$13.5 Billion this Year
Oct. 20 – Despite a 19.1 percent rise in exports this year, Vietnam’s government on Wednesday projected that the country’s trade deficit will grow to US$13.5 billion this year, putting pressure on the authorities to once again devalue the dong. Vietnam’s dong has already seen three devaluations over the last year, with the last one […]
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President Triet Promotes Industrial Expansion in An Giang Province
Oct. 19 – President Nguyen Ming Triet was in attendance as nearly 350 delegates from South Vietnam’s An Giang Province attended the 9th Congress of the Provincial Party Committee yesterday. According to a report read at the event, An Giang’s GDP has expanded at an average annual rate of 10.34 percent over the last five […]
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Vietnam Takes First Step into Wind Turbine Industry
Oct. 18 – Vietnam’s first wind power turbine production factory, a US$61 million dollar project, was inaugurated at the Nomura Industrial Zone in the port city of Haiphong on October 15. Invested in by General Electric, the factory is the first step of a larger initiative to address growing global demand for clean energy sources.
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New Amendment Set to Alter Vietnam’s Insurance Market
Oct. 15 – Vietnam’s draft law on the amendments and supplements to the Business Insurance Law will be submitted to the Vietnamese National Assembly for approval at the body’s next meeting, to be held from October 20 to November 27. According to the Ministry of Finance, these amendments will create a healthy insurance market by […]
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Vietnam’s MPI Submits Decree Calling for Tighter FDI Control
Oct. 14 – Vietnam’s Ministry of Planning and Investment is looking at tightening control over FDI projects in the country by amending the FDI management method currently utilized by the government. Director of the MPI’s Legal Department Pham Manh Dung said this week that his department has submitted a draft decree to the Vietnamese government […]
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First ASEAN Labor Inspection Meeting to Be Held in Vietnam
Oct. 13 – The first ASEAN labor inspection meeting will be held in northern Vietnam’s Quang Ninh Province today and tomorrow according to the country’s Ministry of Labor, Invalids and Social Affairs. The meeting will draw roughly 120 delegates from all 10 ASEAN members, key ASEAN partners China, Japan and South Korea, the International Labor […]