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Viet Nam Oil & Gas Group, known as PetroVietnam, is in talks with Malaysia’s Petroliam Nasional Bhd. and Singapore’s Trafigura Co. to build the country’s third oil refinery.
The Government has issued an action plan on service sector development for the 2009-11 period, focusing on legal tools, financial sources, human resource development, the environment and natural resources.
The United Kingdom (UK) wishes to develop Ho Chi Minh City into an important regional financial centre, said visiting Lord Mayor of the City of London, Alderman Ian Luder.
The General Statistics Office (GSO) announced completion of a new method to calculate the industrial development index, called the Index of Industrial Production (IIP), said director of the GSO’s Industry and Construction Statistics Department, Pham Dinh Thuy.
Local companies need to implement more effective investor relations strategies to achieve success in a competitive business environment, foreign experts have said.
Home to world natural heritage site Halong Bay and the key economic hub of northern Viet Nam, Quang Ninh province is offering investors lots of investment opportunities.
Vietnamese ‘tra’ catfish producers are anxious to learn US Secretary of Agriculture Tom Vilsack’s decision whether Vietnam’s ‘tra’ fish is going to be legally considered as ‘catfish’ in the US. If so, it seems that US imports of ‘tra’ will be put under the strict controls.
The Ministry of Transport said that nine transport infrastructure projects totaling VND195 trillion (around US$11.4 billion) have not yet found investors.
Ministry of Natural Resources and Environment announced that it would carry out titanium-zircon exploration in the southern provinces of Ninh Thuan, Binh Thuan and Ba Ria-Vung Tau to draw up the investment and mining project and national reserve.
Citing the latest report of Japanese firm Nomura, Vietnam’s Q2 GDP is estimated to grow by 4.5% against Q1’s 3.1% with a strong increase in the industry and service fields, showing that the economy is in a recovery phase.
Hau Giang province will coordinate with the Vietnam Food Association, Vietnam Southern Food Corporation and relevant government agencies to organize the first Rice Festival in Vietnam.
The Ministry of Finance has decided to lower the import tax on kerosene by 5 percent to 30 percent, starting on July 6.
