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VN/News-VET-081899
Wednesday, Aug 18, 1999
Rice export in 7 months: 74.3 percent of the year target
(VET)- According to the statistics of VN Customs Office
as of late July Vietnam had
exported 2.9 million of rice earning US$674.8 million,
or accounting for 74.3 percent of
the year target; and an increase of nearly 200,000 tons
over the same period last year.
In spite of the increase in terms of the volume this
year, the rice prices in the world
market fell around US$30/ ton on average, therefore the
export values from this item fell
US$ 38 million correspondingly. Moreover during this
period Vietnam rice was faced with
the fierce competition of the export rice from Thailand
and India at lower prices, especially
the rice of 25 percent broken. Moreover the
participation of Chinese, Indian and Pakistan
rice in the world markets has contributed to causing the
competition even fiercer.
New Hanoi Customs boss appointed
(VET)- Mr. Phan Van Dinh, Chief of the Vietnam General
Department of Customs has just
signed Decision No.459/QD-TCCB on appointment of Mr.
Nguyen Cong Dat - deputy
director of Import and Export Control Division under the
General Department of Customs
as the new director of Hanoi Customs Department. The
decision took effect from August
16, 1999. Mr. Ta Dang Doanh, former chief of Hanoi
Customs Department was relieved
from his position for retirement.
Export values of Dong Nai province up
(VET)- As of the end of July the export values of Dong
Nai province amounted to US$
664 million, or up 64 percent over the same period last
year, US$ 94.6 million of which
earned in July alone or up 28 percent. The key exports
items of the province were
footwear and garments. The foreign invested projects
earned the export values of US$
561 million during this period or up 28 percent of the
same period last year. In order to
lure FDI into the province, Dong Nai authority has
decided to lower down the land lease in
five out of their nine industrial zones. According to
this decision the land-lease in these 5
industrial zones is US$ 1.54/ square meter/ year in the
first 5 years of operation and will
fall to US$ 1.1 / square meters/ year in the following
years.
Gas to be listed as an additional State regulated item
(VET)- Mr. Nguyen Ngoc Tuan, director of the Government
Pricing Committee was
quoted as saying that in order to stabilize the gas
prices, and to protect the interests of
producers and customers, his Committee had submitted to
the Prime Minister a proposal
that gas be listed as an additional state regulated
item. On August 7 the Government
decided to assign Petrovietnam to work out a
price-stabilizing scheme for domestic LPG,
under which Petrovietnam would sell LPG at the July
price level to domestic gas
companies. However in the southern provinces, some
companies still raised their retail
gas price at the expense of customers on the ground that
the gas price in the world
market had gone up. Mr. Ngoc Tuan said that together
with listing gas as an additional
state regulated item, the Government Pricing Committee
will announce the reasonable
gas price ceiling in a move to end the absurd gas price
increase in the domestic market.
According to the gas experts the reasonable price
ceiling may be around US$ 300 / ton.
87,600 jobs created since early this year
(VET)- According to the statistics of the HCMC's Labor
Department since the beginning of
the year 87,600 people have been given new jobs, 73,300
of whom have got the regular
and stable jobs, 9000 of them have got jobs at the State
owned enterprises and 10,500
people at the private owned sectors.
36 projects to IZs licensed in 7 months
(VET)- In the first seven months of the year the
national and local Industrial Zone and EPZ
Authorities have granted licenses to 36 projects with
the registered capital of US$ 95
million. The implemented capital during this period
amounted to US$ 120 million and
export values from this sector were estimated at US$ 650
million. The registered capital
of the projects to be invested in the IZ s and EPZs by
the year-end is expected to reach
US$ 200 million to US$ 300 million.
20 plants to be operated in Tan Tao Industrial Zone by
year end
(VET)- As of August 2 this year the Tan Tao Industrial
Zone received 27 investment
licenses with the total capital of VND 420 billion and
US$ 500,000, raising the total
number of projects in this IZ to 56. 8 projects of that
were foreign invested. Tan Tao IZ is
regarded as one of the most successful IZs in HCMC.
Seven plants in this IZ have already
been put into operation, and 10 plants are being built
and by the end of the year 20 plants
altogether are expected to be put into operation.
Six foreigners detained for gambling
(VET)- A gambling with one Vietnamese and 6 Taiwanese
involved in Binh An village,
Thuan An District of Binh Duong province were cracked
down. At the gambling the Binh
Duong Police seized US$ 2,842; TAIW $1,750; VND 21
million in check and VND3.3
million in cash and a car that brought them to the
gambling site.
Export of seafood estimated at US$ one billion this year
(VET)- According to an estimate from the Ministry of
Fishery the exports of Vietnam^Òs
seafood in 1999 may rise 20 percent over last year to
around US$ one billion. However
the export this year to the Japanese market a major
market for Vietnamese seafood,
has dropped 10 percent and the export to RoK and HK have
dropped even lower. RoK
ranked No. 6 in 1997 in the Vietnam's major clients fell
down to No.13 in 1998; while last
year^Òs export to US market and to EU rose 104 percent
and 24 percent over the
previous year respectively. The export values of
Vietnamese seafood to US and EU
accounted for 20 percent of the total seafood export
values in 1998.
Cut down prices to boost sales
(VET)- The Ministry of Trade is reported to have decided
to cut down prices on a number
of the stockpiled commodities including cement, building
steel, consumers goods such as
sugar in a move to boost sales and consumption. The move
to cut down prices is
designed help producers less dependent on the bank loans
and to help farmers to build
their own homes and roads with less expensive material.
The 22nd SEA Games 2003 to be hosted by Vietnam
(VET)- Vietnam is reported to run for hosting the 22 nd
Sea Games 2003. But how
successful it is depend on Vietnam's commitment to the
construction of the sports
complex in Me Tri area, 15 km south of the capital city
of Hanoi, which costs an
estimated VND 2,200 billion or equivalent to US$ 158
million. The complex will include an
athletics stadium, tennis courts and a swimming pool and
will be the biggest such a facility
in Vietnam. The Philippines is only Vietnam^Òs competitor
for hosting the Games that has
the advantage of good already-existing sports facilities
and previous experience of hosting
the Games.
Feasibility study for major gas project under
consideration
(VET)- A PetroVietnam source was quoted by SGT as saying
that Petrovietnam would
carry out a feasibility study for gas exploration off
the country's southwestern coast to
submit to the government for consideration. According to
the Plan Petrovietnam will
develop a pipeline to pump gas from offshore to the
southern most province of Ca Mau
with an annual capacity of some 5.5 billion cubic
meters. In another related development,
no agreement has been reached on the stake portions
among the partners involved in a
project to develop the country's biggest gas reserves in
the southern coast. The gas
pipeline component has been deadlocked following the
withdrawal of Mobil of the U.S. and
BHP of Australia. PetroVietnam has said it wants to
increase its stake in the project, but
its foreign partners, namely Japan's Tomen and the
alliance between British Petroleum
and Statoil of Norway have insisted on replacing Mobil
and BHP.
Khanh Hoa aims to be quick off the mark
Investment licenses to be granted between seven and 10
days
(VNS)- The central coastal province of Khanh Hoa will
become the quickest place in
Vietnam to grant investment licenses, claiming that it
will only take from seven to 10
days for projects in its Suoi Dau Industrial Zone (IZ).
FULL TEXT
VAT still ruffling feathers of local business
(VNS-VET)- The Government has been collecting the
value-added tax (VAT) for six
months. To smooth out some of the policy's rougher
adages, the Vietnam Chamber of
Commerce and Industry (VCCI) and the Party Central
Committee's Economic
Commission held a conference last month. But much
contention still surrounds the VAT,
as Thoi Bao Kinh Te Vietnam (Vietnam Economic Times)
found out by interviewing several
conference participants.
FULL TEXT
Hanoi seminar set to facilitate more VN-US business
interaction
(VNS)- The US Commercial Service, in co-ordination with
the Vietnam Chamber of
Commerce and Industry, will hold a Business USA seminar
in Hanoi next Friday, August
27.
FULL TEXT
Gov't moves ahead with massive urban project
Ministry proposes new residential area
(SGT)- The Government has decided to transfer more than
131 hectares of land in an
outlying district in ICMC to a local real estate company
to develop a new urban area with
a planned population of 29,000.
FULL TEXT
Thanh Cong buys textile machines, targets U.S. market
(SGT)- The HCMC-based Thanh Cong Textile Co has decided
to spend VND 5 billion on a
new production line that can help reduce the shrinkage
of cotton to enable the product to
further enter the American market.
FULL TEXT
Trading on Vietnam's first Cyber Mall thin
(SGT)- Trading on Cyber Mall, Vietnam's first online
supermarket, remained difficult due to
the lack of an electronic payment system, said Nguyen
Anh Tuan, director of the Value
Added Service Center - the mall's operator.
FULL TEXT
Viaduct project to be submitted next week
(SGT)- The pre-feasibility study for a pilot viaduct in
HCMC will be submitted to the city
authorities for consideration next week, said an
official with the project.
FULL TEXT
5,000 buses unqualified for inter-province routes
(SGT)- Around 5,000 old passenger buses will be removed
from inter-provincial routes
following Decision 890 of the Ministry of Communications
and Transport that aims at
safer passenger services, according to the ministry.
FULL TEXT
Pharmaceutical wholesale centers in city to be
disbanded
(SGT)- The Vietnam Pharmaceutical Management Department
has approved a proposal
by the HCMC Health Service for disbanding pharmaceutical
wholesale outlets and
rearrange pharmaceutical supply networks in the city.
FULL TEXT
Viet Thai wins suit
(SGT)- An appeal court in HCMC ruled on Friday that the
livestock joint venture Viet Thai
did not have to compensate a chicken raiser in Binh
Duong Province.
FULL TEXT
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