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[2009-09-10] PM okays south central economic zone's development plan
PM okays south central economic zone's development plan
(Listed Sept 10, 2009)
Prime Minister Nguyen Tan Dung on September 7 approved the setting up of an economic zone straddling southern Phu Yen-northern Khanh Hoa by 2025. According to the approved development plan, the zone will cover more than 3,500 square kilometers in Phu Yen Province's Song Hinh, Dong Hoa and Tay Hoa districts, and Khanh Hoa Province's Van Ninh and Ninh Hoa districts. The plan features the zone as export gateways for th... |
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[2009-09-10] Vietnam Railways, Japan agree contract for Hanoi track work
Vietnam Railways, Japan agree contract for Hanoi track work
(Listed Sept 10, 2009)
Vietnam Railways Corp., the state-owned train operator, agreed a 5.5 billion yen (US$60 million) contract with a group of Japanese and local companies for help in building a new line in Hanoi. East Japan Railway Co.’s consulting unit, Japan Railway Technical Services and other companies will work on the project, according to an e-mailed statement from Japan International Cooperation Agency’s Vietnam ... |
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[2009-09-10] City’s suburban roads get worse
City’s suburban roads get worse
(Listed Sept 10, 2009)
Many asphalted roads in Ho Chi Minh City center have been improved and repaired, while the quality of some roads in the suburbs of the city have become seriously damaged, with few repairs done for many years. In March, 2007, work on Dang Van Bi Street, Thu Duc District, was begun to repair and upgrade the roads after years of deteriorating quality. The work was expected to be completed March this year but it still remains incomplete... |
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[2009-09-09] VinaCapital Group sale of Hilton Hanoi Opera Hotel stake
VinaCapital Group sale of Hilton Hanoi Opera Hotel stake
(Listed Sept 09, 2009)
VinaCapital Group, a leading asset management, investment banking and real estate firm focused on Vietnam, announces today the sale of its entire equity stake in the landmark Hilton Hanoi Opera Hotel.
In July 2006, VinaCapital purchased a 70 percent equity stake in the Hilton Hanoi, a five-star, 271-room hotel located across from the Hanoi Opera House in the centre of Vietnam’s capital city. The investm... |
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[2009-09-09] Local gold breaks VND22 million
Local gold breaks VND22 million
(Listed Sept 09, 2009)
Domestic gold prices touched a record high of VND22.15 million a tael ($1,027 an ounce) Tuesday as global spot gold and US futures topped $1,000 an ounce for the first time in six months.
Saigon Jewelry Holding Company, Vietnam’s largest gold merchant, said that the gold price shot up to VND22.13 million per tael in Ho Chi Minh City and VND22.15 million in Hanoi as of 6 p.m. on Tuesday, up VND270,000 from Monday’s clo... |
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[2009-09-09] Nam Viet Commercial plans Hanoi stock listing by early 2010
Nam Viet Commercial plans Hanoi stock listing by early 2010
(Listed Sept 09, 2009)
Nam Viet Commercial Joint-Stock Bank, known as Navibank, plans to list on the Hanoi Stock Exchange by early next year, said Le Quang Tri, the bank’s general director.
“We are waiting for the approvals from the central bank and the State Securities Commission and we hope to list by the end of this year or in the first quarter 2010,” Ho Chi Minh City-based Tri said in a phone interview Tuesday. ... |
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[2009-09-09] Dung Quat refinery to resume activity this month: report
Dung Quat refinery to resume activity this month: report
(Listed Sept 09, 2009)
Vietnam Oil & Gas Group expects its Dung Quat crude oil refinery to resume operations by the end of this month following a three-week shutdown caused by a broken valve, according to Saigon Tiep Thi newspaper.
Technip SA, the French engineering contractor for the Dung Quat refinery in the central province of Quang Ngai, expects to receive replacement parts for the valve on September 10, Tiep Thi said, citing a ... |
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[2009-09-09] Slothful bridge work clogs up Highway 1A
Slothful bridge work clogs up Highway 1A
(Listed Sept 09, 2009)
Work to renovate nine bridges along Highway 1A (Can Tho - Ca Mau section) is running behind schedule, causing traffic pileups during rush hour, holding up office- and school-goers.
The worst affected are at the Dau Sau and Cai Rang bridges in Can Tho City and Nang Mau and Phung Hiep bridges in Hau Giang Province.
On September 7 hundreds of vehicles queued up to cross a temporary bridge beside the Dau Sau Bridge.
The work, being... |
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[2009-09-09] State houses ordered back to the strict hand of committee
State houses ordered back to the strict hand of committee
(Listed Sept 09, 2009)
The Ha Noi People's Committee has ruled that State-owned houses being used and managed by State agencies have to be returned to committee control. The transfers will start next week and will have to be completed by October next year.Deputy chairman of the committee, Phi Thai Binh, said that the order followed a prime ministerial decision for stricter management of public land and houses, including reclaiming thos... |
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[2009-09-09] HCM City ineffectively using 100 million sq.m of state land
HCM City ineffectively using 100 million sq.m of state land
(Listed Sept 09, 2009)
Up to 50 percent of the total 230 million square metres of state-owned warehouses in HCM City is being used ineffectively, said HCM City Vice Party Chief and Chairwoman of the local People’s Council Pham Phuong Thao at an open dialogue on September 6. Thao said that there are over 10,000 warehouses and enterprises managed by state-owned agencies in the city, totalling more than 230 million square metres. O... |
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[2009-09-09] Vietnamese investors keen to take over deluxe Hanoi hotel project
Vietnamese investors keen to take over deluxe Hanoi hotel project
(Listed Sept 09, 2009)
As soon as the Japanese firm Riviera/CKS Finance announced its withdrawal from a big hotel project on Pham Hung Road in Hanoi, a pack of domestic investors expressed their readiness to develop the project. Now that Riviera Group, which beat out South Korea’s Keangnam Group and five other bidders to build the high profile five-star “Lotus Hotel” hotel project two years ago, has finally de... |
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[2009-09-08] Hanoi to host VietHotel expo
Hanoi to host VietHotel expo
(Listed Sept 08, 2009)
Vietnam’s Official International Hotel, Restaurant and Catering Industry Expo and Conference 2009 (VietHotel) will be held by the Vietnam National Administration of Tourism from 24 – 26 September at the National Convention Center, Hanoi.
Currently, more than 90 percent of stalls are registered by well-known international companies, such as Metro (Vietnam), Annam Food & Hospitality, Unilever Foodsolutions, Anjinomoto, Ca Tam C... |
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[2009-09-08] Tin Nghia breaks ground for new projects
Tin Nghia breaks ground for new projects
(Listed Sept 08, 2009)
Tin Nghia Corporation has broken ground for many projects in Dong Nai Province following the start of construction of the US$6-billion Eastern Saigon urban town project in August.
The new projects include Quang Vinh apartment building in Bien Hoa City, which will cover 5.8 hectares and cost VND600 billion ($33 million); the 856-hectare Ong Keo industrial zone in Nhon Trach District, worth VND1.8 trillion ($100 million); ... |
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[2009-09-08] Work starts on $80 million bio-ethanol plant
Work starts on $80 million bio-ethanol plant
(Listed Sept 08, 2009)
The Vietnam National Oil and Gas Group (PetroVietnam) broke the ground of an US$80 million bio-ethanol plant in Dung Quat Economic Zone, central Quang Ngai province on Sept. 6.
Construction of the plant, the largest of its kind in the central region, will last for 18 months.
Using cassava as raw material, the plant has a designed capacity of 100,000 cubic meter of ethanol per year.
Once operational, the plant will provide... |
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[2009-09-08] Gold scales new high in Vietnam
Gold scales new high in Vietnam
(Listed Sept 08, 2009)
Gold prices touched a record high of VND21.86 million a tael (1.2 ounces) in Vietnam on September 7 as global prices opened the week with a slight correction and are expected to top $1,000 an ounce soon due to speculation.
The metal was bought at above VND21.80 million and sold at VND21.86 million at most jewelers’, an increase of VND90,000-120,000 a tael from last weekend.
Most shops, eager to buy gold to make jewelry for the upco... |
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