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A contract to build a 1-million-tonne-a-year steel ingot plant, the largest of its kind in Vietnam, was signed in Ho Chi Minh City on September 12 by the Pomina Steel Joint Stock Company, the Vietnam Bank for Industry and Trade (Vietinbank) and the European equipment provider Concast.
Although Vietnam is the world’s second biggest rice exporter the prices of exported rice are nearly the lowest in the world. A reporter talked with Dr Le Van Banh, director of the Mekong Delta Rice Institute about the situation.
Some businesses are now selling rice at low prices, creating opportunities for foreign entrepreneurs to fix prices, which damages the national economy and seriously affects the export of rice to some traditional markets.
Canada’s Sierra Wireless Inc. on Thursday (10 Sep 2009) got its foot into the domestic Information and Communication Technologies (ICT) market via its authorized distributor, Golden Phoenix Co.
Vietnam’s telecom market is not a sweet cake but truly a hotcake for investors. Since late July, the market has welcomed a couple of new players to make it hotter than ever.
Up to 50 percent of the total 230 million square metres of state-owned warehouses in HCM City is being used ineffectively, said HCM City Vice Party Chief and Chairwoman of the local People’s Council Pham Phuong Thao at an open dialogue on September 6.
The northern region will continue to face power shortages during the next dry season, as some major power developments have fallen behind schedule.
The Hanoi Transport Department has proposed that the city’s authorities halt granting licences to companies that provide passenger transport services with taxis, including cooperatives.
The Vietnam Association of Financial Investors said the government’s investment arm should not be allowed to invest in three large Ho Chi Minh City projects because it doesn’t have enough experience.
Many economic experts suggest that Vietnam adopt a second stimulus package to maintain steady growth when the first one ends later this year. However, the question is how to prevent inflation edging up.
Nearly 20,000 tonnes of urban household rubbish is estimatedly discarded every day, but just 10 per cent is recycled, according to the Viet Nam Environment Administration (VEA).
Executive members of the Viet Nam Sea Ports Association (VPA) gathered for their annual meeting yesterday, September 10, in the coastal city of Phan Thiet to discuss the future of the shipping industry.
