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The number of foreign travelers fell 18.8 percent year-on-year to 1.6 million in the first five months this year, as the tourism sector remained at the mercy of the global economic crisis.
The 10th Banking Conference and Expo (Banking Vietnam 2009), the largest event in Vietnam’s banking industry, officially opened in Hanoi on May 28, drawing a large number of domestic and overseas financial specialists, entrepreneurs and senior officials.
A parliamentary official has blamed a ministry for the increase in illegal foreign workers that has taken jobs away from locals during the recession but the latter argued that many other agencies were also responsible.
Cambodia has now received around 400,000 kWh of electricity from Vietnam a day since a 220kV power line linking Chau Doc district in An Giang province to Phnom Penh via Cambodia’s Takeo province was put into operation on May 8.
A ceremony was held on May 27 to hand over first 5,000 cubic metres of kerosene between the Dung Quat Oil Refinery and the PetroVietnam Oil Corporation (PV Oil).
The General Director of Saigon Port, Le Cong Minh, said on May 19 that by May 21 the port will finish clearing cargo vessels that have been waiting outside the port for loading since May 14.
Industrial production in the first five months of this year has shown signs of recovery, with a 4 per cent increase year-on-year, according to the General Statistics Office (GSO).
Although Ha Noi’s consumer price index (CPI) saw an increase in May over last month, it was still lower than the country’s economic hub of HCM City, according to the Government statistics agencies.
The central city of Danang has so far this year licensed nine foreign direct investment (FDI) projects capitalized at US$150 million, up nine folds on-year, said the municipal Department of Planning and Investments said.
Vinpearl Tourism and Trading Joint Stock Co. has altered its trading name to Vinpearlland Tourism and Trading Joint Stock Co.
Singapore is eager to invest in industry and tourism in Da Nang City and Quang Nam province and expects to receive support from the Vietnamese Government, said the Singaporean Foreign Minister.
Investors from Taiwan, Hong Kong, and the US have recently made major investments in the northern border province of Lao Cai and Thanh Hoa Province, also in the north.
