Life on Nam Dinh salt fields

  • Ministry proposes large textile production zones
The Ministry of Industry and Trade (MoIT) has proposed the development of large textile and garment industrial zones (IZs) to attract investment in dyeing, and fabric and yarn production. The 500ha to 1,000ha zones would attract local and foreign investment for high-end products. The ministry has also proposed that the Government provide full support for the building of textile and garment industrial zones located in provinces and cities expperiencing socio-economic difficulties in order to create conditions for the success of small and medium startup enterprises, according to the ministry. The proposal also targets the development of transport infrastructure connecting the…... [read more]

  • VNPT earns $2.8bil. in first six months
The Viet Nam Post and Telecommunications Group (VNPT) earned an estimated VND63.15 trillion (US$2.8 billion) in revenue and VND2.16 trillion in profit in the first half of this year, achieving 50.6 per cent of the yearly target. VNPT - VinaPhone expects 4G service will help it become the second largest network provider this year. The revenue also registered a 121.1 per cent year-on-year increase. In a press release issued on July 18, VNPT said mobile network operator VNPT-VinaPhone, one of the firm's key arms, maintained a good growth rate by adding 6.5 million subscribers in these six months. The network…... [read more]
  • Vietnam, Laos discuss Vientiane-Hanoi expy project
Representatives of Vietnam’s Ministry of Transport and the Lao Ministry of Public Works and Transport have discussed a major project to develop an expressway linking Hanoi and Vientiane as part of their five-year cooperation plan starting this year. At a meeting in Laos on Wednesday, the two sides agreed the route layout and related issues for the 760-kilometer expressway connecting the capitals of the two countries, according to Vietnam’s Ministry of Transport. The agreement was reached based on results of a pre-feasibility study conducted by Vietnam’s Transportation Design Consultancy Corporation (Tedi). The expressway is planned to start from Vientiane, passing…... [read more]
  • Vietnam Air plans service to U.S. in 2018
Vietnam Airlines has unveiled a fresh plan to launch its first air service to the U.S. in 2018, said Duong Tri Thanh, chief executive officer of the national flag carrier. Vietnam Airlines has unveiled a fresh plan to launch its first air service to the US in 2018, said Duong Tri Thanh, chief executive officer of the national flag carrier. Thanh told BBC on July 14 after Vietnam Airlines was recognized as a four-star airline by UK-based airline and airport rating organization Skytrax that the carrier planned to fly to the U.S. a decade ago to bank on the then…... [read more]
  • Int’l Free Hugs Day to open in HCM City
International Free Hugs Day under “Embracing the Heart, sharing the Love” slogan is scheduled to be held in Ho Chi Minh City on July 24. The event is aimed to bring people together; help young people raise awareness as well as understand further about sharing emotion via hugs. Free Hugs Day is one of annual activities of Free Hugs Vietnam (FHV), a non-profit organization of the youth. Nowadays, Free Hugs Campaign in Vietnam attracts crowded young people and media, contributing to spread message for active life in Vietnamese community. Free Hugs Day was first launched in Vietnam in 2007. Up…... [read more]
  • PM reaffirms Vietnam's policy with Chinese counterpart
Prime Minister Nguyen Xuan Phuc reaffirmed Vietnam’s consistent policy towards China regarding the East Sea in his meeting on July 14 with his Chinese counterpart on the sidelines of the ASEM Summit in Mongolia. “Vietnam consistently pursues a foreign policy of peace, independence, self-reliance, diversification and multi-lateralization, and intensive international integration, while attaching importance to developing friendly neighborly relations and comprehensive cooperation with China,” he told Chinese Premier Li Keqiang. PM Phuc suggested the two governments direct agencies to effectively implement the results of the ninth session of the Vietnam-China Steering Committee on Bilateral Cooperation, maintain regular exchanges of delegations…... [read more]
  • Two NA delegates dismissed in recent days
Another National Assembly (NA) delegate has been dismissed after being found to hold dual citizenship, bringing the total number of delegates in the new legislature to 494 as preparations continue for its first gathering on July 20. Ms. Nguyen Thi Nguyet Huong, Chairwoman of Vietnam Investment Development (VID) - a private concern specializing in developing industrial parks in the north - was dismissed on July 17. Born in 1970 in northern Nam Dinh province, Ms. Huong has dual citizenship and was therefore ineligible to stand under Vietnamese law, according to the National Election Council. She was a delegate for Hanoi…... [read more]
  • Manulife Vietnam raises charter capital by 38%
The Ministry of Finance (MoF) previously granted approval to plans of the Canada-based financial services group Manulife to increase the charter capital of its Vietnam operations’ by 38 per cent to VND1.35 trillion ($61.6 million). According to an announcement from Manulife Vietnam on July 12, the increase demonstrates the company’s long-term commitment to the country’s life insurance market. The increase, which was made at the end of the second quarter, is the second time in eight months Manulife Vietnam has increased its chartered capital, following an increase of VND175 billion ($7.9 million) in the fourth quarter of last year. “This…... [read more]
  • What’s behind the government's $86 billion debt?
VietNamNet Bridge - The changes in debt structure, caused by the government's borrowing from domestic sources, and the rapid increase in total debts are two significant items included in the public debt bulletin. The bulletin released by the Ministry of Finance last week showed that the government’s debt had reached VND1,800 trillion, or $86 billion by the end of 2014. Prior to that, reports by state management agencies showed that debts by the end of 2015 had reached 50.3 percent of GDP, while the National Assembly decided that the debt must not be higher than 50 percent in 2011-2015. Analysts…... [read more]
  • Vietnamese pharma firms to raise FOLs
Pharma stocks have continue rising, as drug firms are expected to lift their foreign ownership limits and collaborate with overseas partners. Foreign pharma firms operate in Vietnam by partnering-up and M&As-Photo: Le Toan For the past month, stocks of many pharmaceutical firms in Vietnam have extended their upwards trend. The most impressive ascent was Domesco Export and Import JSC (DMC), whose shares rose 27.24 per cent last month and hit a one-year high of VND84,000 ($3.76) on July 8. Similarly, DHG Pharmaceutical Company recorded a 14-per-cent increase since June and reached a one-year peak of VND106,000 ($4.75) on July 7.…... [read more]