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Australia’s Environmental Clean Technologies Limited (ECT) and Vietnam’s Thang Long Investment and Commerce Joint Stock Company (TinCom) signed a contract on June 25 to export brown coal to Vietnam.
Both FDI registered and disbursed capital decreased in June compared to May, however, in the past six months, FDI disbursement showed an increase of 5.9 percent against the same period last year.
The total value of orders for timber processing enterprises has reached almost US$3 billion for 2010, an increase of US$320 million from 2009, said Nguyen Ton Quyen, Secretary General of the Vietnam Timber and Forest Product Association.
The Export-Import Bank (Ex-Im Bank) of the US wants to broaden its investment to aviation, satellite, nuclear power, and infrastructure construction in Vietnam, said Chairman Fred Hochberg.
The Ministry of Finance (MoF) asked the relevant ministries, agencies and localities to cooperate in controlling prices, containing inflation and supervising the financial market.
To connect the Son La hydroelectric power plant to the national grid, Electricity of Vietnam is focusing on building two 500kV electric lines.
A 70MW power station will begin to generate electricity in the first quarter of 2012, with annual output of 290 million kWh.
An airport will be built in the northern mountainous province of Lai Chau to serve both civil and military flights.
This year, Mekong delta provinces will strive to reach VND127,000 billion in industrial production value, up nearly VND20,000 over 2009 as well as raise the industrial proportion to 41 percent of the national economy and export turnover of agricultural products to US$6 billion, up US$ 0.5 billion compared...
By early June, the Dung Quat economic zone has attracted 167 foreign investment projects with a total registered capital of US$10.7 billion.
A report on the Vietnam’s economy in the first half of this year released by the World Bank reaffirms that Vietnam has overcome the global economic crisis better than other countries.
As of April 2010, the Republic of Korea (RoK) still remains the biggest foreign investor in Vietnam with more than 2,495 projects worth US$21.99 billion, according to the statistics from the Foreign Investment Department.
