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A feasibility project to build the nation’s first tea auction floor is expected to become operational in 2011 or 2012, according to Vietnamese Tea Association (Vitas) deputy chairman Tran Van Gia.
Viet Nam spends nearly $500 million to import pesticides, about 80 per cent of the 120,000-130,000 tonnes used annually nationwide.
The Ho Chi Minh City stock market Monday rose for a fourth straight day, gaining 1.74 percent, to 528.2, the highest since September 8, 2008, as blue chip gains gave it a boost.
PetroVietnam Power Corporation, a unit of PetroVietnam, inaugurated a 463-megawatt power plant in the southern province of Dong Nai Sunday to meet the growing demand of the province and its neighboring localities.
Vietnamese officials and Japanese contractors Sunday signed a contract worth VND10.2 trillion (US$573 million) for the first and largest tender package of Hanoi’s Nhat Tan suspension bridge.
Vietnam’s benchmark five-year bonds dropped on Monday, with the yield approaching the highest level this year, on speculation banks have fewer funds to invest in debt. The dong was unchanged.
Vietnam Airlines (VNA) on Saturday sold an old airplane back to the plane-maker as a first step to renewing a part of its service.
Vietnam Expressway Corp., the state- owned toll-road operator, plans to sell VND1 trillion (US$56 million) of bonds on August 27, according to a statement on the Hanoi Stock Exchange website.
Vietnamese banks extended their campaign to raise dong funds by increasing rates and in one case offering gold prizes while the central bank sought tighter control of foreign exchange to ensure supply to cover imports.
The government needs to establish a clear pricing system at state-run power monopoly Electricity of Vietnam in order to lure foreign investors who are sick of haggling, officials have said.
Vietnam’s top oil product importer, Petrolimex, has applied to become the second supplier of jet fuel in Vietnam, a move that would end Vietnam Airlines’ monopoly of the product, local media reported.
Hau Giang will hold a rice festival in late November to promote the Mekong Delta province as a major grower and exporter of the grain.
