Vietnam prepares for BTA implementation in financial sector


Ha Noi, Jan.9 (VNA) -- A senior official from the Finance Ministry said that Viet Nam's financial sector is actively preparing everything for implementing all commitments stated in the Viet Nam-U.S trade agreement (BTA) which took effect on Dec.10 last year.

"These commitments concern taxation, insurance business, accounting and auditing work and other financial matters," said Mrs Le Thi Bang Tam, Deputy Minister of Finance, in a recent interview with Lao Dong newspaper.

Construction of software park starts in Ho Chi Minh city

Sun, 01/06/2002 - 23:12


Ha Noi, Jan. 6 (VNA) -- Work on construction of the Software Industrial Park of Ho Chi Minh City National University started in the outlying district of Thu Duc on Saturday, Jan. 5.

The project's first phase is built at a cost of VND 61,467 billion (USD 4.1 million) from the State budget.

In the first quarter of this year, workers will complete the installation of more than 22 km of the fibre-optic cable line linking the park and colleges of the city's university, and equipment and telecom network for the starting and nursing houses.

Vietnamese breeders and traders set up Catfish Club

Sun, 01/06/2002 - 23:10


Hanoi, Jan.7 (VNA) -- Local catfish breeders and exporters decided to set up a club of their own at a conference held in the Mekong Delta province of An Giang on Jan. 5.

The conference on catfish breeding and exports was organized by the Ministry of Fisheries.

Participants at the conference said the club would help co-ordinate production and trading and protect their legitimate rights.

Major reforms to maintain foreign investment

Fri, 01/04/2002 - 12:03


Not complacent with a five-year high in foreign investment last year, the Vietnamese government has pledged a series of reforms, including a further cut in costs for foreign investors.

The plan was unveiled by Minister of Planning and Investment Tran Xuan Gia in an interview with Sai Gon Giai Phong (Liberated Saigon)on the special New Year edition.

Vietnam's GDP growth rate of 6.8 percent in 2001

Tue, 01/01/2002 - 23:41


Ha Noi, Dec. 31 (VNA) -- Viet Nam got a gross domestic product (GDP) growth rate of 6.8 percent in 2001, according to the General Statistics Office (GSO).

This year's GDP growth rate was 0.1 percent higher than that of 2000 and has been a record figure since 1998.

However, the rate was lower than the yearly planned target of 7.5 percent.

The industry and construction sectors contributed a growth rate of 3.7 percent while the service sector, 2.5 percent and the agro-fisheries sector, 0.6 percent.

Vietnam optimist about export prospect in 2002

Tue, 01/01/2002 - 23:33


Ha Noi, Jan. 1 (VNA) -- Despite Viet Nam's poor export performance in 2001, commercial experts are still optimistic about the country's export prospect for 2002 when they forecast a year-on-year increase of 10 percent to earn between USD 17.3-17.6 billion next year.

They said many export items of Viet Nam have gained a firm foothold in the world market as its export value registered a rise of around 8 percent this year.

Socio-economic growth in 2001 and targets for 2002

Sun, 12/30/2001 - 23:17

Ha Noi, Dec. 30 (VNA) -- Hereunder are socio-economic gains in 2001 and a number of key targets as set for 2002 by the National Assembly:

2001

- Gross domestic product (GDP) growth rate: 7 percent 7-7.3 percent - Agriculture, forestry and fishery production: 4.1 percent 4.2 percent - Industrial production value: 14.5 percent 14 percent - Total export turnover: 4.5 percent 10 percent

(USD 15.1 billion) (USD 17.2 billion) - Total investment capital for development: 16 percent 17 percent

Trade Ministry plans more agriculture products to the U.S

Ha Noi, Dec. 30 (VNA) -- The Ministry of Trade is investigating ways of increasing the role of agricultural products in Viet Nam's exports to the United States.

North America is the third biggest export market for Vietnamese farm produce after Asia-Pacific and Europe and it is likely to grow further as the Viet Nam-U.S. Bilateral Trade Agreement (BTA) starts to have an effect.

Vietnamese agricultural products, including cashew nuts, coffee, rubber, and vegetables, currently account for only 5 percent of the country's total exports to the U.S.

461 foreign invested projects licenced in 2001

Wed, 12/26/2001 - 17:56


Ha Noi, Dec. 26 (VNA) -- Viet Nam had by Dec. 20 granted licenses to an additional 461 foreign-invested projects with a combined capital of nearly USD 2.2 billion.

Of the licensed projects, 327 are involved in industry with a combined investment capital of more than USD 1.6 billion.

Ba Ria-Vung Tau, Dong Nai, Binh Duong, Ho Chi Minh City and Ha Noi were the localities drawing the biggest investment capital.

In addition, 210 working projects were added with more than USD 580 million, a year-on-year increase of 17 percent.

5 telecommunication projects call for U.S investment


Ha Noi, Dec. 21 (VNA) -- The Viet Nam Post and Telecommunications Corporation (VNPT) has announced its five telecommunication projects needing investment from the U.S. business circle.

The presentation was made during the recent visit to the United States by Deputy Prime Minister Nguyen Tan Dung and his entourage.

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