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Binh Dinh gives 'ultimatum' to $22bil. Nhon Hoi refinery
Nguyen Ngoc Toan – Deputy Chief of the Management Board of Nhon Hoi Economic Zone – said local officials had met with Thailand’s PTT Group on the progress of the Nhon Hoi (Victory) petrochemical project. Binh Dinh officials and the investors discussed with representatives of the ...
Domestic technologies not attractive to Vietnamese businesses
The State budget every year funnels big money into national scientific research projects, but discoveries by scientists seem to have little significance in the eyes of businesses. Nguyen Huy Van, Deputy general director of Traphaco, a pharmacy firm, commented: “Scientists only show their initial ideas.” In other ...
Vietnamese salt farmers suffer losses as stock piles up
Salt farmers in HCM City’s Can Gio District are facing low prices, resulting in a stockpile of salt that cannot be sold. Trieu Do Hong Phuoc, deputy chairman of the Can Gio District People’s Committee, said to support salt farmers the district would petition banks to ...
A fundamental change needed for economic reforms
The change of the country’s economic structure has once again become a hot topic among business people and law makers following the recent general election. At an international seminar to discuss the World Bank’s report held recently by the Vietnam Chamber of Commerce and Industry, the ...
China takes over Thai fruit and vegetable industry
Chinese traders have gained control of the fresh fruit and vegetable segments of the Thai agriculture industry – negatively affecting the quality of produce shipped into Vietnam. Experts at the Vietnam Fruit and Vegetables Association also say there are legitimate concerns that Chinese domination of these ...
Textilers hitch their wagon to US market
If one asks which local sector has distinguished itself in terms of export quality and quantity to the US market over the past two decades, the textile and garment industry is most likely the obvious answer.According to statistics from the US Office of Textile and ...
Cattle feeders in Vietnam feel sting of fast changing market
Vietnam cattle feeders spent millions of US dollars importing 311,523 head of Australian young beef calves last year— betting that retail prices for beef on the supermarket shelves had nowhere to go but up. Now the feeders, who buy calves and fatten them for sale to ...
VN’s cashew industry booming
Viet Nam’s cashew industry is expected to enjoy strong export growth in the coming years, especially shipments to the US, according to the Viet Nam Cashew Association. Viet Nam has been the world’s largest cashew nut exporter for many years, with exports reaching US$2.5 billion last ...
Vietnam hopes for deepened ties with Japan: PM
Prime Minister Nguyen Xuan Phuc expressed hope that his visit to Japan from May 26-28 will create new impetus to further strengthen the relationship between Vietnam and Japan, in the interests of the two countries’ people, and for peace, stability, cooperation and development in the ...
HCM City to be a start-up hub: Deputy Prime Minister
With its favorable socio-economic conditions, HCM City should be a hub for start-ups, Deputy Prime Minister Vuong Dinh Hue said at a working session with city leaders on 20 May. He called on city leaders to take strong measures to boost exports and control inflation and ...
