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Commercial Counselor at the Vietnamese Embassy in the US Ngo Van Thoan predicted that Vietnam’s target of exporting 12.3 billion USD of goods to the US this year is within reach as the country’s US-bound exports in the first 10 months gained over 10.5 billion USD.
The building of the Cat Linh – Ha Dong metro route will begin in the first quarter of 2009 while Hanoi authorities are considering the construction of the Nhon – Hanoi Railway Station route.
Vietnam will become one of the largest mobile telephone markets in Asia, with an estimated 120 million subscribers by the end of 2014, according to Seeking Alpha, a New York-based website.
Mekong Aviation Joint Stock Company has recently become the third private airline to request and receive a Vietnamese operating license.
Danang Urban and Industrial Zones Development Joint - Stock Company and Japan-invested Shimizu Corporation on February 16 kicked off construction on an USD 18 million to produce water faucet in central Viet Nam.
The second stimulus package is not aimed at resolving all issues faced by the Vietnamese economy, but helping reduce difficulties for enterprises and ongoing projects as well as creating jobs to ensure labourers’ livelihoods.
The Bank for Industrial and Development of Vietnam (BIBV) has committed to providing credits worth totalling VND 1.6 trillion for the expansion of the National Highway No 51.
The export tax for crude oil will fall to 10 per cent from the current 20 per cent, after a decree signed yesterday by Do Hoang Anh Tuan, Deputy Minister of Finance, becomes effective on November 8.
Long Hau Joint Stock Company and Vinasino Electric Equipment Joint Stock Company will cooperate in a project worth VND 115.5 billion (USD 6.83 million) to produce high-tech electric and electronic equipment.
Binh Duong Province is set to ask Electricity of Vietnam (EVN) for increased power supply after receiving a slew of complaints from businesses about regular power outages.
The Vietnam National Oil and Gas Group (PetroVietnam) will organise a ceremony on February 22 to inaugurate the Dung Quat Oil Refinery – the first of its kind in Vietnam – after 44 months of construction.
Prime Minister Nguyen Tan Dung has called on Vietnamese and Macao businesses to promote mutually beneficial cooperation, especially in trade, economics, investment and tourism.
