Vinh Phuc seeks investment from S Korea The northern province of Vinh Phuc promoted its potential and called for investment at a conference held in Gyeonggi Province in South Korea on Friday. Speaking before an audience of South Korean businesspeople, Chairman of Vinh Phuc provincial People’s Committee Nguyen Van Tri highlighted the province’s convenient location in Viet Nam’s northern key economic zone and favourable natural conditions suitable for industry, tourism and hi-tech agriculture. He informed the South Korean business circle that the province has made efforts to streamline its administrative procedures, upgrade infrastructure, especially at industrial zones, and train the local labour force. The provincial leader reported that Vinh Phuc is now home to more than 300 foreign direct investment (FDI) projects, including many run by South Korean corporations such as Partron Vina, Haesung Vina, Bangjoo and Interflex. Several more South Korean … [Read more...] about BUSINESS NEWS IN BRIEF 1/8
Arutz 7 news briefs
SOCIETY IN BRIEF 3/6
Cities need to set up food safety committees Major cities, including HCM City, should set up a food safety committee that would be responsible for managing product quality, an expert has recommended. The establishment of a committee to coordinate these activities would prevent waste of money as well as human resources, and the dodging of responsibility that occurs under the current management, which is spread across several agencies, according to Prof. Chu Pham Ngoc Son, deputy chairman of the Viet Nam Union of Science and Technology Association. Speaking at a meeting on Tuesday of the HCM City Fatherland Front Committee, Son said there was also a need to expand testing systems to institutes, universities and individual testing sites if they were able to satisfy regulations on testing quality. The foodstuff safety and hygiene problems would lessen in severity if there were comprehensive measures implemented at the management, production and consumer levels. Son said foodstuff … [Read more...] about SOCIETY IN BRIEF 3/6
Social News 25/9
National Highway 5 to have more bus stops The Directorate for Roads of Việt Nam (DRVN) has asked provinces and cities of Hưng Yên, Hải Dương, Hải Phòng and and Hà Nội to set up more bus stops along National Highway 5. The purpose is to make travel more comfortable for passengers and restore traffic order. National Highway 5 is a major road in northern Việt Nam connecting Hà Nội to the port city of Hải Phòng. Coaches operating along the Hà Nội-Hải Phòng route transport some 10,000 travellers per day. However, the lack of bus stops and frequent violations by transport firms while picking and dropping passengers have resulted in disorder and threatened traffic safety along the road. Following an on-site inspection, the DRVN asked transport departments to set up 11 more bus stops in Hưng Yên Province, 16 more in Hải Dương Province and with more in Hải Phòng City, along with clear signs on the stops. In Hà Nội, the inspection revealed that the bus stops were small and too narrow, not … [Read more...] about Social News 25/9
BUSINESS IN BRIEF 27/4
Electricity supply sufficient for summer The Ministry of Industry and Trade (MoIT) said that the power supply will be sufficient for this summer due to high water levels and more power projects to be put into operation. The water levels at Hoa Binh Hydropower plant reached 106 metres, much higher than previous years. The current water levels at Son La Hydropower have risen to 202 metres. According to statistics from Vietnam Electricity (EVN), in early 2012, it began operating 2 turbines, with a total capacity of 176.5MW. The 500 kV Son La - Hiep Hoa power grid along with other new power project that joined the power grid in March have provided sufficient power for northern provinces. EVN has plans to put the turbine 5 in Son La Hydropower Plant into operation, complete the building of turbine 2 in Dong Nai 4 Plant and get turbine 2 in Kanak Plant online. Repair and upgrade projects that would increase the power generation capacity of several power stations, such as Hoa Binh - … [Read more...] about BUSINESS IN BRIEF 27/4
BUSINESS IN BRIEF 8/12
TNK-BP expands eastern front with Conoco Vietnam bid Russia's TNK-BP, developing a gas project in Vietnam acquired from its major shareholder BP, has also bid for ConocoPhillips assets in the Asian country, TNK-BP's head of upstream operations Alexander Dodds said on Monday. "We did put a bid in," Dodds told a news briefing in response to a question. TNK-BP, a 50-50 joint venture between BP and a quartet of Soviet-born businessmen, has already taken over some gas assets in the South China Sea from its British co-owner and expressed its interest in expanding in Vietnam. It has said it will bid for one block of nine blocks on offer by the Vietnamese government in a tender which opens this week. State oil and gas group Petrovietnam has already said it will bid for the ConocoPhillips assets, three oil fields and one gas field which are further north in the South China Sea. Their location at a fair distance from TNK-BP's Vietnamese base means they are likely to be a low priority for … [Read more...] about BUSINESS IN BRIEF 8/12