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Viet
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Starbucks plans more Vietnamese coffee purchases
Updated : 2/1/2013 5:59:39 PM Voice of Vietnam
(VOV) - Starbucks Corp, one of the world’s leading retailers, roasters, and brands of specialty coffee, is committed to purchasing more high-quality Vietnamese coffee in the future.
The commitment was made by John Culver, the Chairman of Starbucks’ Chinese and Asian-Pacific market operations, at a February 1 ceremony in Ho Chi Minh City inaugurating the company’s first Vietnamese outlet.
Culver highlighted the Vietnamese market’s potential. Saying Starbucks plans to open more retail outlets in Hanoi as well as other big cities across the country.
Updated : 2/1/2013 5:59:39 PM Voice of Vietnam
(VOV) - Starbucks Corp, one of the world’s leading retailers, roasters, and brands of specialty coffee, is committed to purchasing more high-quality Vietnamese coffee in the future.
The commitment was made by John Culver, the Chairman of Starbucks’ Chinese and Asian-Pacific market operations, at a February 1 ceremony in Ho Chi Minh City inaugurating the company’s first Vietnamese outlet.
Culver highlighted the Vietnamese market’s potential. Saying Starbucks plans to open more retail outlets in Hanoi as well as other big cities across the country.
Viet
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Textile industry to earn $20 billion early
| QĐND | Feb 01, 2013 09:52 am
If the export growth of Vietnam’s textile and garment industry remains between 12 and 15 per cent, the sector will reach its target of $20 billion in 2014 ahead of the 2015 deadline, according to the Vietnam Textile and Apparel Association (VITAS).
The industry’s trade surplus was $8.4 billion last year as imported materials accounted for only $8.8 billion of the total export value of $17.2 billion, he added.
The textile and garment industry has already achieved its 2015 goal to source 50 per cent of raw materials domestically. It expects to earn 18.8-$19.3 billion this year.
| QĐND | Feb 01, 2013 09:52 am
If the export growth of Vietnam’s textile and garment industry remains between 12 and 15 per cent, the sector will reach its target of $20 billion in 2014 ahead of the 2015 deadline, according to the Vietnam Textile and Apparel Association (VITAS).
The industry’s trade surplus was $8.4 billion last year as imported materials accounted for only $8.8 billion of the total export value of $17.2 billion, he added.
The textile and garment industry has already achieved its 2015 goal to source 50 per cent of raw materials domestically. It expects to earn 18.8-$19.3 billion this year.
Viet
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SCG announces latest investment in Vietnam
| VNS | Feb 02, 2013 15:12 pm
The Siam Cement Group said it had recently entered a conditional share purchase agreement with the Prime Group Joint Stock Company, a major manufacturer of ceramic tiles in Vietnam.
Total investment will be $234 million. Under the agreement, SCG will acquire a 85 per cent stake in the company and help to increase SCG's competitiveness in Viet Nam and ASEAN.
In Q4/2012, SCG in Viet Nam recorded sales revenue of VND1.7 trillion ($83 million), a 15 per cent year-on-year increase, with increased demand for packaging paper.
SCG began its regional expansion with Viet Nam as its strategic hub in 1992. It has 17 operations in Viet Nam with more than $370 million in total assets. SCG's subsidiaries in Viet Nam include Viet-Thai Plastchem Co Ltd, TPC Vina Chemical and Plastic Corporation Co, Vina Kraft Paper Co, SCG Building Materials Co, Tien Phong Plastics Joint Stock Company and Binh Minh Plastics Joint Stock Company.
| VNS | Feb 02, 2013 15:12 pm
The Siam Cement Group said it had recently entered a conditional share purchase agreement with the Prime Group Joint Stock Company, a major manufacturer of ceramic tiles in Vietnam.
Total investment will be $234 million. Under the agreement, SCG will acquire a 85 per cent stake in the company and help to increase SCG's competitiveness in Viet Nam and ASEAN.
In Q4/2012, SCG in Viet Nam recorded sales revenue of VND1.7 trillion ($83 million), a 15 per cent year-on-year increase, with increased demand for packaging paper.
SCG began its regional expansion with Viet Nam as its strategic hub in 1992. It has 17 operations in Viet Nam with more than $370 million in total assets. SCG's subsidiaries in Viet Nam include Viet-Thai Plastchem Co Ltd, TPC Vina Chemical and Plastic Corporation Co, Vina Kraft Paper Co, SCG Building Materials Co, Tien Phong Plastics Joint Stock Company and Binh Minh Plastics Joint Stock Company.
Viet
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VFA opposes US anti-subsidy investigation
| Vietnam+ | Feb 01, 2013 16:47 pm
The Vietnam Fisheries Association (VFA) has protested against the US Department of Commerce (DOC)’s launch of investigation under an anti-subsidy lawsuit against frozen warm-water shrimp imported from seven countries, including Vietnam.
The anti-subsidy investigation was made after the Coalition of Gulf Shrimp Industries (COGSI) lodged the petition on January 18.
In a recent press release, the VFA, which represents more than 600,000 Vietnamese shrimp farmers and processors, said Vietnam has developed a market economy since late 1980s and since the nation joined the World Trade Organisation in 2007, all its economic policies concerning international trade (including those on warm-water shrimp farming and processing) have been translated into English and publicised before being issued to collect other WTO members’ opinions through the Vietnamese Ministry of Agriculture and Rural Development’s SPS programme.
The VFA statistics showed that all shrimp breeding and processing policies of the country were accepted by other WTO members.
In reality, shrimp farmers have used their own capital or taken loans to invest in building ponds, buying shrimp fries and feeds, hiring workers and paying taxes in accordance with the law.
Therefore, COGSI’s lawsuit that accuses the Vietnamese Government for subsidising shrimp breeders is a groundless action, causing worries among Vietnamese shrimp producers and US shrimp importers, making negative impacts on US consumers and going against the developing trade relations between the two countries, said the VFA.
The association pointed out that meanwhile, COGSI is providing the US market with wild caught shrimps. Its comparison of the price of wild caught shrimps (which includes high catching and labour costs in the US) and that of Vietnam’s farmed shrimps (which are raised in favourable climatic and natural conditions) is lame without any scientific grounds, and thus not in line with with WTO regulations. But regrettably, the DOC has accepted COGSI’s petition and conducted the investigation.
The VFA opposed COGSI’s petition and asking that the DOC suspend its subsidy investigation on Vietnam’s shrimp industry, so as to ensure fairness and transparency in international trade relations and avoid causing negative impacts on Vietnamese shrimps producers and exports to the US.
| Vietnam+ | Feb 01, 2013 16:47 pm
The Vietnam Fisheries Association (VFA) has protested against the US Department of Commerce (DOC)’s launch of investigation under an anti-subsidy lawsuit against frozen warm-water shrimp imported from seven countries, including Vietnam.
The anti-subsidy investigation was made after the Coalition of Gulf Shrimp Industries (COGSI) lodged the petition on January 18.
In a recent press release, the VFA, which represents more than 600,000 Vietnamese shrimp farmers and processors, said Vietnam has developed a market economy since late 1980s and since the nation joined the World Trade Organisation in 2007, all its economic policies concerning international trade (including those on warm-water shrimp farming and processing) have been translated into English and publicised before being issued to collect other WTO members’ opinions through the Vietnamese Ministry of Agriculture and Rural Development’s SPS programme.
The VFA statistics showed that all shrimp breeding and processing policies of the country were accepted by other WTO members.
In reality, shrimp farmers have used their own capital or taken loans to invest in building ponds, buying shrimp fries and feeds, hiring workers and paying taxes in accordance with the law.
Therefore, COGSI’s lawsuit that accuses the Vietnamese Government for subsidising shrimp breeders is a groundless action, causing worries among Vietnamese shrimp producers and US shrimp importers, making negative impacts on US consumers and going against the developing trade relations between the two countries, said the VFA.
The association pointed out that meanwhile, COGSI is providing the US market with wild caught shrimps. Its comparison of the price of wild caught shrimps (which includes high catching and labour costs in the US) and that of Vietnam’s farmed shrimps (which are raised in favourable climatic and natural conditions) is lame without any scientific grounds, and thus not in line with with WTO regulations. But regrettably, the DOC has accepted COGSI’s petition and conducted the investigation.
The VFA opposed COGSI’s petition and asking that the DOC suspend its subsidy investigation on Vietnam’s shrimp industry, so as to ensure fairness and transparency in international trade relations and avoid causing negative impacts on Vietnamese shrimps producers and exports to the US.
Viet
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$2b credit for poor students
VNA | Updated : Sun, February 3, 2013,3:22 PM (GMT+0700)
K-12 students are seen joining a career counseling fair organized by Tuoi Tre newspaper last year. Photo: Tuoi Tre
HCM CITY – The Viet Nam Bank for Social Policy will set aside VND45 trillion (US$2.16 billion) for a credit programme for poor students between 2013 and 2017.
The bank said they expected overdue loans to account for less than one per cent of the total loans.
After five years of implementation of the student loan programme, more than 2.8 million disadvantaged students had received outstanding loans of VND35.8 trillion (US$1.72 billion). Of that figure, overdue loans accounted for 0.47 per cent.
The programme has been beneficial to more than 2.3 million students coming from a total of 1.9 million households.
Students of families living under and near the poverty line, families having unexpected financial difficulties due to illness, accidents and natural disasters, and orphaned students are among the beneficiaries of the programme.
VNA | Updated : Sun, February 3, 2013,3:22 PM (GMT+0700)
K-12 students are seen joining a career counseling fair organized by Tuoi Tre newspaper last year. Photo: Tuoi Tre
HCM CITY – The Viet Nam Bank for Social Policy will set aside VND45 trillion (US$2.16 billion) for a credit programme for poor students between 2013 and 2017.
The bank said they expected overdue loans to account for less than one per cent of the total loans.
After five years of implementation of the student loan programme, more than 2.8 million disadvantaged students had received outstanding loans of VND35.8 trillion (US$1.72 billion). Of that figure, overdue loans accounted for 0.47 per cent.
The programme has been beneficial to more than 2.3 million students coming from a total of 1.9 million households.
Students of families living under and near the poverty line, families having unexpected financial difficulties due to illness, accidents and natural disasters, and orphaned students are among the beneficiaries of the programme.
Viet
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Kobe joins Vietnam water project
Kyodo | Feb 1, 2013 | The Japan Times
City of Kobe (Japan)
KOBE – A water supply project planned for an industrial park in southern Vietnam will enlist the Kobe Municipal Government, which will take a stake in a company set up by Kobelco Eco-Solutions Co. and local entities.
Two affiliated organizations of Kobe will be putting up around ¥9 million in capital for the company, which will operate a reservoir, water treatment and supply facilities in Long An Province, a Kobe official said Wednesday.
Staff will also be sent from the organizations to give operational advice. “We will be the first municipality in Japan in helping manage a water business including infrastructure development in an emerging country in cooperation with private-sector companies,” the official said.
Vietnam is experiencing such problems as the depletion of groundwater while industrial demand for water is growing rapidly along with the nation’s economic growth.
The project is being financed by the Japan International Cooperation Agency. JICA is providing around 70 percent of the operational funds in the form of loans through a local bank.
Kyodo | Feb 1, 2013 | The Japan Times
City of Kobe (Japan)
KOBE – A water supply project planned for an industrial park in southern Vietnam will enlist the Kobe Municipal Government, which will take a stake in a company set up by Kobelco Eco-Solutions Co. and local entities.
Two affiliated organizations of Kobe will be putting up around ¥9 million in capital for the company, which will operate a reservoir, water treatment and supply facilities in Long An Province, a Kobe official said Wednesday.
Staff will also be sent from the organizations to give operational advice. “We will be the first municipality in Japan in helping manage a water business including infrastructure development in an emerging country in cooperation with private-sector companies,” the official said.
Vietnam is experiencing such problems as the depletion of groundwater while industrial demand for water is growing rapidly along with the nation’s economic growth.
The project is being financed by the Japan International Cooperation Agency. JICA is providing around 70 percent of the operational funds in the form of loans through a local bank.
Viet
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New Damen Song Cam Shipyard
marinelink.com
Damen Song Cam Shipyard a joint venture between Vinashin and Damen. Completion of the first phase of the project is planned for February 2012. In the first phase the shipyard will concentrate on the outfitting, under cover, of hulls built by Song Cam Shipyard. Capacity is approximately twelve vessels per year, all current orders are for export.
Facilities in the first phase include a Syncrolift of 2500 ton capacity, an outfitting hall of 80 metre by 40 metre and various workshops and offices. In the second phase of the five year plan the capacity will be increased to maximum 30 tugs, workboats and high speed craft per year in a dedicated outfitting hall of 160 metre by 150 metre.
Sufficient room is available on the 42 hectare site for the construction of hulls as well as for sub-contractors and suppliers in the final phase of the five year plan.
signing ceremony for the start of construction of the new shipbuilding facility of Damen Vinashin Shipyard in Haiphong (August 2010)
In September 2012 two ASD 2810 tugs will sail from Vietnam to Panama, to be a delivered to MMG Shipping Group. Both vessels were built at the Damen Song Cam Shipyard in Vietnam.
11 vessels for Autralian Navy delivery in 2016, built at the Damen Song Cam Shipyard in Vietnam.
marinelink.com
Damen Song Cam Shipyard a joint venture between Vinashin and Damen. Completion of the first phase of the project is planned for February 2012. In the first phase the shipyard will concentrate on the outfitting, under cover, of hulls built by Song Cam Shipyard. Capacity is approximately twelve vessels per year, all current orders are for export.
Facilities in the first phase include a Syncrolift of 2500 ton capacity, an outfitting hall of 80 metre by 40 metre and various workshops and offices. In the second phase of the five year plan the capacity will be increased to maximum 30 tugs, workboats and high speed craft per year in a dedicated outfitting hall of 160 metre by 150 metre.
Sufficient room is available on the 42 hectare site for the construction of hulls as well as for sub-contractors and suppliers in the final phase of the five year plan.
signing ceremony for the start of construction of the new shipbuilding facility of Damen Vinashin Shipyard in Haiphong (August 2010)
In September 2012 two ASD 2810 tugs will sail from Vietnam to Panama, to be a delivered to MMG Shipping Group. Both vessels were built at the Damen Song Cam Shipyard in Vietnam.
11 vessels for Autralian Navy delivery in 2016, built at the Damen Song Cam Shipyard in Vietnam.
Viet
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Dubai group plans $30bn Vietnam project
TradeArabia News Service
Monday 4 February 2013
Global Sphere, a Dubai-based development company, has launched a $30 billion mega real estate project in Vietnam dubbed “Hanoi Wall Street” that will boast of complete city services covering an area of 35 sq km.
The project, which lies only 4 km away from the Hanoi airport, is the largest Vietnamese venture by an UAE-based company.
Hanoi
Global Sphere board chairman Dr Abdullah Al Sayegh revealed that the land in Urban No.8 –which some dubbed “Hanoi Wall Street”- was given out by the Vietnamese government after negotiations spearheaded by Global Sphere Vietnamese partner, Viet Royal Group.
According to him, the project is an integrated community with a total value estimated at $30 billion. The first phase valued at $10 billion is expected to be accomplished by 2020.
He said the project will have about 70 residential towers with varying heights between 40 and 70 floors, with a unique 102-storied tower in the middle others.
“It will accommodate between 300,000 to 400,000 people. The engineering plan for the project resembles Downtown Dubai,” he said.
An UAE engineering firm, Next has carried out consultancy for Global Sphere. “This is the first stage of the project,” he said adding that the project ends in 2030, after galloping up to $30 billion," said the company head.
“The investment opportunities in developing countries are promising” remarked Al Sayegh.
The Global Sphere, he said, is a port for the entry of many UAE companies to Vietnamese market because the implementation is entirely self-funded.
“All the company's projects are development and investment projects. They were carefully followed proactively by the embassies of both countries carried out frequent visits,” he added.
Al Sayegh said the company's projects are “not related to a particular geographic area” but “linked with distinct investment opportunities which we aim to seize in any part of the world.”
"Global Sphere aims to set up projects in future in many countries under development in Africa and Asia in addition to the projects that we have in the Arab region. We are ready to engage into negotiations with prospective partners," he added.
Al Sayegh said the company enters as a partner in the project provides funding ranging between 80 per cent and 100 per cent of the required value of the project whereas profit-sharing and retrieval is case-by-case arrangement based on the negotiations of parties involved.
“We as a company are ready to provide the necessary funding within and outside the UAE on the basis of negotiations with potential partners,” he added.
Al Sayegh said this was the first of the company's business in Vietnam, but it had earlier been involved in a number of contracts including projects for the production of solar energy to be carried out in partnership with the Worldtech Corporation, while the other remaining projects went to many different companies within Vietnam.
Among the projects financed by Global Sphere connected to the “infrastructural sector” such as construction of roads, electronics sector and technical solutions.
According to Al Sayegh, the company aims to enter as an essential financier for High Power, a large-scale project that contributes to the development process and increasing the GDP.
Global Sphere, Dubai, UAE
“We have a great potential and the company intends to set up offices in all the countries where we establish projects. We will have company's offices in Vietnam as well as in European countries and North America,” he added.
TradeArabia News Service
Monday 4 February 2013
Global Sphere, a Dubai-based development company, has launched a $30 billion mega real estate project in Vietnam dubbed “Hanoi Wall Street” that will boast of complete city services covering an area of 35 sq km.
The project, which lies only 4 km away from the Hanoi airport, is the largest Vietnamese venture by an UAE-based company.
Hanoi
Global Sphere board chairman Dr Abdullah Al Sayegh revealed that the land in Urban No.8 –which some dubbed “Hanoi Wall Street”- was given out by the Vietnamese government after negotiations spearheaded by Global Sphere Vietnamese partner, Viet Royal Group.
According to him, the project is an integrated community with a total value estimated at $30 billion. The first phase valued at $10 billion is expected to be accomplished by 2020.
He said the project will have about 70 residential towers with varying heights between 40 and 70 floors, with a unique 102-storied tower in the middle others.
“It will accommodate between 300,000 to 400,000 people. The engineering plan for the project resembles Downtown Dubai,” he said.
An UAE engineering firm, Next has carried out consultancy for Global Sphere. “This is the first stage of the project,” he said adding that the project ends in 2030, after galloping up to $30 billion," said the company head.
“The investment opportunities in developing countries are promising” remarked Al Sayegh.
The Global Sphere, he said, is a port for the entry of many UAE companies to Vietnamese market because the implementation is entirely self-funded.
“All the company's projects are development and investment projects. They were carefully followed proactively by the embassies of both countries carried out frequent visits,” he added.
Al Sayegh said the company's projects are “not related to a particular geographic area” but “linked with distinct investment opportunities which we aim to seize in any part of the world.”
"Global Sphere aims to set up projects in future in many countries under development in Africa and Asia in addition to the projects that we have in the Arab region. We are ready to engage into negotiations with prospective partners," he added.
Al Sayegh said the company enters as a partner in the project provides funding ranging between 80 per cent and 100 per cent of the required value of the project whereas profit-sharing and retrieval is case-by-case arrangement based on the negotiations of parties involved.
“We as a company are ready to provide the necessary funding within and outside the UAE on the basis of negotiations with potential partners,” he added.
Al Sayegh said this was the first of the company's business in Vietnam, but it had earlier been involved in a number of contracts including projects for the production of solar energy to be carried out in partnership with the Worldtech Corporation, while the other remaining projects went to many different companies within Vietnam.
Among the projects financed by Global Sphere connected to the “infrastructural sector” such as construction of roads, electronics sector and technical solutions.
According to Al Sayegh, the company aims to enter as an essential financier for High Power, a large-scale project that contributes to the development process and increasing the GDP.
Global Sphere, Dubai, UAE
“We have a great potential and the company intends to set up offices in all the countries where we establish projects. We will have company's offices in Vietnam as well as in European countries and North America,” he added.
Viet
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Starbucks sees opening ‘hundreds’ of Vietnam cafes
Last Updated: Friday, February 01, 2013 04:00:00
Thanh Nien News
Vietnamese Starbucks employees prepare drinks for customers
First customers consume purchased drinks during the grand opening ceremony of the first Starbucks store in Vietnam, in Ho Chi Minh City on Friday, Feb 1, 2013. Starbucks opened its first store in coffee-loving Vietnam on Friday, seeking to compete with local rivals in a country known for its strong cafe culture. -- PHOTO: AFP
Starbucks Corp., which is opening its first cafe in Vietnam today, plans to add hundreds of stores in the Asian nation.
“We will aggressively grow” in Vietnam and there will be “hundreds of stores for Starbucks,” John Culver, president of the company’s China and Asia Pacific region, said in a telephone interview this week. He didn’t give a time frame for the expansion.
“There is definitely a pent-up demand for Starbucks coming to the country,” which will be the company’s 62nd nation, Culver said.
Starbucks president for China and Asia Pacific John Culver, speaks during the opening ceremony of the first Starbucks store in Vietnam, in Ho Chi Minh City on Friday, Feb 1, 2013
Last Updated: Friday, February 01, 2013 04:00:00
Thanh Nien News
Vietnamese Starbucks employees prepare drinks for customers
First customers consume purchased drinks during the grand opening ceremony of the first Starbucks store in Vietnam, in Ho Chi Minh City on Friday, Feb 1, 2013. Starbucks opened its first store in coffee-loving Vietnam on Friday, seeking to compete with local rivals in a country known for its strong cafe culture. -- PHOTO: AFP
Starbucks Corp., which is opening its first cafe in Vietnam today, plans to add hundreds of stores in the Asian nation.
“We will aggressively grow” in Vietnam and there will be “hundreds of stores for Starbucks,” John Culver, president of the company’s China and Asia Pacific region, said in a telephone interview this week. He didn’t give a time frame for the expansion.
“There is definitely a pent-up demand for Starbucks coming to the country,” which will be the company’s 62nd nation, Culver said.
Starbucks president for China and Asia Pacific John Culver, speaks during the opening ceremony of the first Starbucks store in Vietnam, in Ho Chi Minh City on Friday, Feb 1, 2013
Viet
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Australia finances bridge in Dong Thap
Updated : 2/5/2013 3:10:04 PM Voice of Vietnam
Cao Lanh bridge
(VOV) - Australia will invest US$167.5 million in Cao Lanh bridge spanning one of the two branches of the Mekong River in Dong Thap province.
It is part of the Central Mekong Delta Connectivity Project (CMDCP) over six years (2011-17).
Alongside Australia, the Republic of Korea, the Asian Development Bank and the Vietnamese Government will be major financing partners for the project.
This bridge aims to facilitate trade and economic growth in the Mekong Delta region of Vietnam and link people and markets in the Mekong Delta to the rest of Southeast Asia and beyond.
Cao Lanh Bridge, which represents the largest single Australian aid activity in mainland Southeast Asia, is a cable-stayed bridge with two sides of cable and four lanes for vehicles and two lanes for carts.
The bridge will benefit five million people and is expected to deliver improved transport facilities to 170,000 daily road-users within five years of completion.
Updated : 2/5/2013 3:10:04 PM Voice of Vietnam
Cao Lanh bridge
(VOV) - Australia will invest US$167.5 million in Cao Lanh bridge spanning one of the two branches of the Mekong River in Dong Thap province.
It is part of the Central Mekong Delta Connectivity Project (CMDCP) over six years (2011-17).
Alongside Australia, the Republic of Korea, the Asian Development Bank and the Vietnamese Government will be major financing partners for the project.
This bridge aims to facilitate trade and economic growth in the Mekong Delta region of Vietnam and link people and markets in the Mekong Delta to the rest of Southeast Asia and beyond.
Cao Lanh Bridge, which represents the largest single Australian aid activity in mainland Southeast Asia, is a cable-stayed bridge with two sides of cable and four lanes for vehicles and two lanes for carts.
The bridge will benefit five million people and is expected to deliver improved transport facilities to 170,000 daily road-users within five years of completion.
Viet
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Vietnam needs 133 bln kWh of power in 2013
Posted on February 5, 2013 Written by vietnamplus
Vietnam plans to generate and import over 133.4 billion kWh of electricity in 2013, a year-on-year increase of 11 percent, to meet national demand.
The plan, recently approved by the Ministry of Industry and Trade, aims to ensure a stable supply of power in 2013. Vietnam will import 3.7 billion kWh of electricity from China, 1 billion kWh more than last year.
To realise the plan, the ministry asked State-owned Electricity of Vietnam (EVN) to coordinate with power generators to manage the operation of oil-burning thermal electricity plants and gas turbine power plants.
Meanwhile Vietnam National Power Transmission Corporation (NPT) will invest 16.9 trillion Vietnamese dong (810.5 million U.S. dollars) in the power transmission system in 2013, reported the online Voice of Vietnam (VOV) on Tuesday.
According to the report, the NPT plans to put into operation 54 transmission lines of 110kV-500kV and launch another 50 similar projects to improve the capacity of the northern power grid.
Posted on February 5, 2013 Written by vietnamplus
Vietnam plans to generate and import over 133.4 billion kWh of electricity in 2013, a year-on-year increase of 11 percent, to meet national demand.
The plan, recently approved by the Ministry of Industry and Trade, aims to ensure a stable supply of power in 2013. Vietnam will import 3.7 billion kWh of electricity from China, 1 billion kWh more than last year.
To realise the plan, the ministry asked State-owned Electricity of Vietnam (EVN) to coordinate with power generators to manage the operation of oil-burning thermal electricity plants and gas turbine power plants.
Meanwhile Vietnam National Power Transmission Corporation (NPT) will invest 16.9 trillion Vietnamese dong (810.5 million U.S. dollars) in the power transmission system in 2013, reported the online Voice of Vietnam (VOV) on Tuesday.
According to the report, the NPT plans to put into operation 54 transmission lines of 110kV-500kV and launch another 50 similar projects to improve the capacity of the northern power grid.
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130,000 jobs generated in January
Updated : 2/6/2013 12:11:28 PM
Voice of Vietnam
(VOV) - Vietnam created jobs for 130,000 people in January, of whom 7,000 were sent to work abroad under labour contracts.
In 2013, the Ministry of Labour, Invalids and Social Affairs (MOLISA) aims to provide employment for 1.6 million people, including 85,000 guestworkers. It plans to reduce the urban unemployment rate to below 4 percent, and reduce the poverty rate by an additional 2 percent compared to 2012.
More than 1.4 million people secured employment last year, reaching 95 percent of the annual plan.
About 80,000 workers were sent abroad, meeting 89 percent of the set target. Taiwan recruited the largest number of Vietnamese workers (over 30,000), followed by the Republic of Korea (over 9,200) and Japan (over 8,700).
Updated : 2/6/2013 12:11:28 PM
Voice of Vietnam
(VOV) - Vietnam created jobs for 130,000 people in January, of whom 7,000 were sent to work abroad under labour contracts.
In 2013, the Ministry of Labour, Invalids and Social Affairs (MOLISA) aims to provide employment for 1.6 million people, including 85,000 guestworkers. It plans to reduce the urban unemployment rate to below 4 percent, and reduce the poverty rate by an additional 2 percent compared to 2012.
More than 1.4 million people secured employment last year, reaching 95 percent of the annual plan.
About 80,000 workers were sent abroad, meeting 89 percent of the set target. Taiwan recruited the largest number of Vietnamese workers (over 30,000), followed by the Republic of Korea (over 9,200) and Japan (over 8,700).
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Foreign banks lend US$155 million to Vietinbank
2/5/2013 11:55:11 AM Voice of Vietnam
(VOV) - Two foreign banks signed a US$155 million loan agreement with the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) in Hanoi on February 4.
They are Sumitomo Mitsui Banking Corporation (SMBC) and KFW IPE-Bank in Germany.
The five-year loan which needs no the guarantee from the Government or any the third party aims to support Vietinbank operation in the first months of 2013.
Vietinbank’s Chairman of the Board of Directors Pham Duy Hung said the bank will use the loan to prime the pump for enterprises and keep domestic projects purring along in the long run.
Christof Kuhnlein KFW Director in charge of the financial institutions, trade and commodity finance business, remarked that the loan agreement offers a new opportunity for Vietinbank to access the international capital market.
2/5/2013 11:55:11 AM Voice of Vietnam
(VOV) - Two foreign banks signed a US$155 million loan agreement with the Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) in Hanoi on February 4.
They are Sumitomo Mitsui Banking Corporation (SMBC) and KFW IPE-Bank in Germany.
The five-year loan which needs no the guarantee from the Government or any the third party aims to support Vietinbank operation in the first months of 2013.
Vietinbank’s Chairman of the Board of Directors Pham Duy Hung said the bank will use the loan to prime the pump for enterprises and keep domestic projects purring along in the long run.
Christof Kuhnlein KFW Director in charge of the financial institutions, trade and commodity finance business, remarked that the loan agreement offers a new opportunity for Vietinbank to access the international capital market.
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Vietnamese designer at London Fashion Week for the first time
12:06 | 04/02/2013
Vietnam News
Designer Cong Tri
(CPV) - Cong Tri, an acclaimed male fashion designer of Vietnam has been selected by the British Council Vietnam to be featured in the International Fashion Showcase 2013 (February 15-21), a highlight of the prestigious London Fashion Week 2013.
Designer Cong Tri (right) poses for a photo with HCM City British Consul General Douglas Barnes and a model wearing a creation from his No 6 Nam-Mushroom collection. — Photo courtesy BC Viet Nam
12:06 | 04/02/2013
Vietnam News
Designer Cong Tri
(CPV) - Cong Tri, an acclaimed male fashion designer of Vietnam has been selected by the British Council Vietnam to be featured in the International Fashion Showcase 2013 (February 15-21), a highlight of the prestigious London Fashion Week 2013.
Designer Cong Tri (right) poses for a photo with HCM City British Consul General Douglas Barnes and a model wearing a creation from his No 6 Nam-Mushroom collection. — Photo courtesy BC Viet Nam
