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Although some economists expressed concern when consumer prices climbed six-tenths of a percent in September, the official in charge of trade and price statistics says its just a cyclical thing.
When it was opened in November 2007, the USD90 million Da Phuoc solid waste treatment complex in HCM City was praised for its modern technology.
The country’s industrial sector has achieved total revenue of USD3.5 billion over a four-week period beginning in late August, according to the Ministry of Planning and Investment.
HCM City has managed to reduce power usage by a remarkable 1-1.5 per cent by using more efficient public lighting equipment and encouraging people to use energy-efficient appliances, according to an official at the city’s sole power utility.
One year after the Competition Law took effect in 2005, only 30 percent of Vietnamese businesses had heard of it, while 70 percent had not know anything about it, according to Dinh Thi My Moan, Vice President of the Vietnam Retailers’ Association.
Recent turmoil at the gas pump has revived enthusiasm for establishing a competitive petrol market instead of official price-setting. The Deputy Finance Minister says that’s still a dream.
The Quang Nam Province People’s Committee issued a license to US developer Tano Capital, LLC and Global C&C for its USD4.15 billion Dragon Beach tourism and entertainment complex on October 1.
Trai Thien Air Cargo, Vietnam’s first private cargo airline, has received a license and is expected to begin operations in October next year, according to the Ministry of Transport.
Economists and experts have recommended that the Dung Quat Economic Zone in central Quang Ngai Province be turned into a large industrialised city.
Vietnam’s real estate sector is in dire need of capital as the economic slump hits investments and alternative funding sources are unavailable, experts said.
As the lending interest rate subsidy package will end late this year, the Government is fielding suggestions for the second stimulus package to be promulgated in the future to help enterprises recover their growing momentum. Although local experts have given opposite views on the package, they hope...
