IMF to allocate $250 bln to increase global economy’s liquidity

Date: 23/07/2009

The Executive Board of the International Monetary Fund (IMF) has backed an allocation of Special Drawing Rights (SDRs) equivalent to US$250 billion to provide liquidity to the global economic system.

VJEPA - New opportunities for Vietnam’s aquaculture exports to Japan

Date: 23/07/2009

The Vietnam – Japan Economic Partnership Agreement (VJEPA) will create huge opportunities for the penetration of Vietnam ’s aquatic exports into Japan ’s market as it officially comes into force, said aquaculture sector experts.

Hanoi strives to reach GDP growth rate of 8-9% per year

Date: 23/07/2009

The Hanoi Municipal People’s Committee has issued instructions on building economic-social development plans from 2011-2015 to ensure the capital to achieve sustainable and comprehensive growth.

Marriott International plans its first hotel in Hanoi by 2012

Date: 23/07/2009

Marriott International Inc., the US’s biggest hotel chain, plans to open its first hotel in Hanoi by 2012, it said in a statement Tuesday (21 July 2009).

Ministers discuss way to make US Vietnam’s fifth biggest investor

Date: 23/07/2009

Minister of Industry and Trade Vu Huy Hoang asked the US to take concrete measures to facilitate imports from Vietnam during a meeting with US Trade Representative Ron Kirk in Singapore on July 22.

Man invents nature-friendly plastic bag

Date: 22/07/2009

After years of experimenting with different materials, Loc finally discovered the secret to biodegradable plastic.

Steel producers protest block to foreign currency

Date: 22/07/2009

Five steel ingot producers in the country have sent formal written complaints to the Government that they cannot buy or borrow foreign currency from banks to import scrap steel for production.

Vinatex helps Lien Anh Company reopen apparel materials center

Date: 22/07/2009

Lien Anh textile-garment and footwear materials center in southern Binh Duong Province, closed down a month and a half ago due to unviable business, will likely been thrown a lifeline as the national apparel group is now in talks to acquire a stake in the center to restore its operation.

VinaCapital to establish a new fund

Date: 22/07/2009

A property fund worth US $350 million in Vietnam will be founded and launched by the 4th quarter of 2009 VinaCapital, the company’s Deputy Director for property, David Blackhall said recently.

Vietnam prepares human resources for nuclear power plant

Date: 22/07/2009

Viet Nam needs over 1,000 highly trained staff from now until 2020, said Vuong Huu Tan, Director of the Vietnam Atomic Energy Institute (VAEI).

Hepza grants licences for representative offices

Date: 21/07/2009

The HCM City Exporting Processing and Industrial Zones Authority (Hepza) has recently granted the business licences for Rich Demander Co, a subsidiary of CHI MEI Group, Taiwan with major business lines of trading chemicals, industrial plastic and paper.

Work on international transshipment port to start in Oct

Date: 21/07/2009

The State-owned Vietnam National Shipping Lines (Vinalines) plans to start building the first two wharves of the deep-water port at Van Phong Bay in central Vietnam in October to develop the international port to serve Asian trade.

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