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Fund management companies Saigon Asset Management (SAM) and RNG Invest signed a strategic partnership agreement on Tuesday (24 Nov) to set up a new offshore fund for investments in Vietnam.
The pharmaceutical industry wants to meet 60 percent of market demand by 2010 by producing specialised medicine and improving its distribution network, according to the Drug Administration Department.
Businesses complain they have suffered heavily from petrol price increases as they dare not raise prices despite higher costs.
The Prime Minister Nguyen Tan Dung on November 26 signed a document requesting Vietnam National Oil and Gas Group (PetroVietnam) and the Vietnam Coal and Mineral Industries Group (Vinacomin) to sell foreign currency to the State Bank of Vietnam.
The Ministry of Industry and Trade (MoIT) and Electricity of Viet Nam (EVN) have started a campaign to encourage the use of solar energy for water heating in central Viet Nam and the Central Highlands.
A senior Vietnamese government official encouraged Japanese investors to increase their stake in Vietnam at an investment promotion seminar in Tokyo on Nov. 25.
Work began on Tuesday (24 Nov 2009) on a four-lane expressway linking Thai Nguyen, Bac Ninh and Hanoi with an aim to ease the overloaded traffic on National Highway 3 and boost the growing trade between the capital city and other parts in northern Vietnam.
Vietnam is eyeing higher economic growth in the next five-year plan, with GDP targeted to average out at 7-8% a year compared to an estimated 6.9% in the current five-year plan of 2006-2010, according to a draft put forth on Monday (23 Nov).
Analysts, while applauding the timely decision by the State Bank of Vietnam to raise the basic interest rate and adjust interbank exchange rates, say Vietnam needs to take special, and even harsh measures, in such a critical situation.
A conference to promote investment, trade and tourism in the Vietnamese-Laotian-Cambodian development triangle took place in the Central Highlands province of Dak Lak on Nov. 11.
