Business in brief in 28 September 2012

Date: 01/10/2012

(Sourced from various news agencies)

GDP grows 4.73% in nine months

Date: 01/10/2012

Gross domestic product (GDP) in the first nine months of the year is estimated to pick up 4.73% year-on-year, below the year-ago figure of 5.77%, making the year’s target of 6-6.5% more unlikely.

UK investors need complete PPP legal framework: Mayor

Date: 01/10/2012

UK firms are eying projects under public-private partnership (PPP) form in Vietnam, but they will only participate in these projects when the legal framework for this format is completed, said the Lord Mayor of London.

Cotton banknotes to go out of circulation

Date: 01/10/2012

Cotton banknotes in VND10,000 and VND20,000 denominations will be taken out of circulation as of January 1, 2013.

Industrial output rises 4.8 pct in first nine months; vehicle parts skyrocket 148 pct

Date: 01/10/2012

The nation’s Index of Industrial Production (IIP) increased 4.8 per cent in the first nine months of this year, compared to the same period last year, the General Statistics Office (GSO) reported.

First geothermal power plant project licensed

Date: 28/09/2012

The Quang Tri provincial People’s Committee has granted an investment license for a project to build a 25MW geothermal power plant in Dakrong district.

HCM City, London team up for financial area project

Date: 28/09/2012

Ho Chi Minh City wants to learn from the City of London ’s experience in order to build an international financial area at the new town of Thu Thiem.

Ben Tre promotes investment potential to Chinese companies

Date: 28/09/2012

The Cuu Long (Mekong) Delta province of Ben Tre is willing to create the most favorable conditions for Chinese companies to invest in the province.

$4.5m employment assistance projects

Date: 28/09/2012

The International Labour Organisation (ILO) in September 2012 announced its new assistance projects worth $4.56 million at the first meeting of the new Vietnam Decent Work Country Programme Steering Committee in Hanoi.

Personnel training key to luring German investors

Date: 28/09/2012

Boosting personnel training is considered an important factor to attract German investors into Vietnam in the context that German firms active in Vietnam are struggling with the lack of highly-qualified human resources.

Quang Ninh to build Bach Dang Bridge

Date: 28/09/2012

Quang Ninh People’s Committee held a meeting with SE Corporation (Japan) on adjusted designing plans for Bach Dang Bridge on the road from Ha Long to Hanoi – Hai Phong highway in September 2012

HCM City seeks investment

Date: 28/09/2012

HCM City wanted to attract investment from enterprises of the Philippines, municipal People’s Committee Vice Chairman Le Manh Ha said yesterday.

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