Vietnam encourages higher Foreign Investment

T2, 01/29/2001 - 17:28




HANOI, Jan 29 Asia Pulse - Vietnam is devising uniform solutions to both attract more foreign investment and make it more efficient.

For example, State management agencies will issue guidelines for implementing the Foreign Investment Law in the first four months of this year.

They will follow this by submitting a formula for the trial equitization of foreign-invested enterprises, FIEs, to the Government in the second quarter to help them participate in the securities and capital markets.

Urgent reform tasks

T2, 01/29/2001 - 17:25

GOVERNMENT IDENTIFIES URGENT REORM TASKS


Ha Noi, Jan. 22 -- Eight major urgent tasks have been identified for completion this year as part of the Government's administrative reform programme for 2001.

Ratified by Prime Minister Phan Van Khai last week, the tasks range from accelerating the introduction of a comprehensive legal system more favourable to commerce to properly tune the functions, tasks and authority of ministries and agencies.

Rare species in protected Vu Quang wildlife park

T2, 01/29/2001 - 16:27




Ha Noi, Jan. 29 (VNA) -- The 54,740-hectare Vu Quang wildlife park has become famous since the discovery of the mammal Sao La, or Pseudoryx nghetinhensis, there in May 1992.

In fact the park, 75km west of Ha Tinh, the provincial capital of the province of the same name, is home to 96 endangered animal species, with 41 of these listed in the World Conservation Union's Red book. There are also 237 species of bird, 38 species of reptiles, 20 species of amphibians, and 60 species of fish. Two of the amphibians are listed in the red book.

VND 1,600 billion for scientific research this year

T2, 01/29/2001 - 16:25




Ha Noi, Jan. 29 (VNA) -- The Science, Technology and Environment Ministry will invest VND 1,600 billion (USD 110 million) in scientific, technological and environmental research this year.

The money will be used to implement State-sponsored scientific and technological tasks, hi-tech, agricultural and rural development programmes, and to maintain and strengthen the State's capacity to manage scientific organizations and boost environmental protection.

Production of VietsovPetro

T2, 01/29/2001 - 16:23



Ha Noi, Jan. 29 (VNA) -- The Viet Nam-Russia Petroleum Joint Venture (VietsovPetro) plans to pump 13 million tonnes of crude oil and bring ashore 1.5 billion cu.m. of gas this year.
VietsovPetro tapped 154,000 tonnes of crude oil and brought ashore 15 million cu.m. of gas from the Bach Ho (White Tiger) and Rong (Dragon) oil fields in four days of the traditional Lunar New Year, from Jan. 23-26.

The joint venture's current daily output of 38,500 tonnes of crude oil and five million cu.m. of gas is double last year's production.

New degree to help small and medium business

T2, 01/29/2001 - 16:06




Ha Noi, Jan. 29 (VNA) -- The Planning and Investment Ministry is drafting a decree intended to give small-to-medium business development new momentum.

The enterprises - 90 percent of them State-owned - make up 26 percent of Viet Nam's gross domestic product, GDP, and last year provided stable employment for more than eight million people.

In so doing, they played an important role in Viet Nam's socio-economic development.

Law reform boosts social progress

T6, 01/26/2001 - 14:51




Ha Noi, Jan. 26 (VNA) -- Cutting its poverty rate by more than half during the past 15 years can be attributed to Viet Nam's reform of social policy, says Labour, War Invalids and Social Affairs Minister Nguyen Thi Hang.

Hang says that in addition to increased spending for social development - 25 percent of last year's budget - the Government has devised policies that encourage individuals to make money in complience with the law, while encouraging all society and the international community to become involved in dealing with social problems.

Vietnam plans measures to encourage foreign investment

T6, 01/26/2001 - 14:48



Ha Noi, Jan. 26 (VNA) -- Viet Nam is devising uniform solutions to both attract more foreign investment and make it more efficient.

For example, State management agencies will issue guidelines for implementing the Foreign Investment Law in the first four months of this year.

They will follow this by submitting a formula for the trial equitization of foreign-invested enterprises, FIEs, to the Government in the second quarter to help them participate in the securities and capital markets.

Cinnamon areas expand to meet export demands

T6, 01/26/2001 - 14:46



Ha Noi, Jan. 26 (VNA) -- Viet Nam is to expand its cinnamon areas from 16,000 ha to 50,000 ha in an effort to earn USD 15 million from cinnamon-bark exports by the year 2005, says the Agriculture and Rural Development Ministry.

Between 3,000-5,000 ha of the planned cinnamon areas will be exploited each year to ensure raw material for both export and essential oil production, it says.

Vinamilk- successful dairy company

T5, 01/25/2001 - 22:52




Ha Noi, Jan. 25 (VNA) -- The Viet Nam Dairy Products Co. (Vinamilk) has almost defeated multinational rivals.

Between five and seven years ago, milk was a luxury product. However, with the appearance of Vinamilk with its 100 categories of products milk and dairy produce have become familiar to all families.

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