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Work begins on new railway intersection

Hai Duong, Dec. 26 (VNA) — Work began on Dec. 25 at the intersection of the  Hanoi  – Hai Phong railway, Highway No5 and Road 390 in Hai Duong province.

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First VietJet Air flights take off

Hanoi, Dec. 26 (VNA) — The launch of VietJet Air, the country''s first private carrier to offer both domestic and international flights, is expected to help attract more international visitors, says Minister of Culture, Sports and Tourism Hoang Tuan Anh. Anh delivered this statement during the ceremony to welcome the carrier''s first commercial flight, which carried 120 passengers from  HCM  City to  Hanoi  on Dec. 25.

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Largest transformer station put into operation

Hanoi  , Dec. 26 (VNA) – The Project Management Board of Central Power Projects (AMT) on December 26 handed over a 500kV transformer station in the  northern province  of Bac Giang to the Power Transmission Power No. 1 company for management and operation.

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State firms held to core investments

Hanoi , Dec. 27 (VNA) — The Ministry of Finance has issued detailed measures to restructure State-owned enterprises (SoEs) so that non-financial groups and corporations are banned from investing in finance, banking, securities, insurance and real estate. Finance Minister Vuong Dinh Hue said the ministry will require an SoE to invest only on its core business and not to invest in other sectors

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Vietnamese, Lao finance ministries boost ties

Hanoi  , Dec. 27 (VNA) – The Vietnamese and Lao Finance Ministries agreed to boost cooperation at the eighth meeting of Steering Committee of cooperative programmes in  Hanoi  on Dec. 27.

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Nation\'s two stock exchanges to merge

Hanoi, Dec. 28 (VNA)  — The nation''s two stock exchanges will be merged in accordance with a Ministry of Finance plan for restructuring the securities market that is supported by the Vietnam Association of Securities Businesses, the ministry announced at a meeting here on Dec. 24.    The announcement ended a long period of uncertainty about the future of the exchanges, with some market watchers fearing the plan will a monopoly for the newly formed exchange

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Quang Tri launches hi-tech container scanner

Quang Tri, Dec. 28 (VNA) –Vietnam Customs  inaugurated  a  container scanner system at the Lao Bao International Border Gate in the central  province of Quang Tri  on Dec. 28.

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Electricity supply to increase 11 percent next year

Hanoi, Dec. 29 ((VNA) – The total amount of electricity produced and imported next year is scheduled to exceed 120.7 billion kWh, a 10.89 percent increase over this year, according to a new plan for power supply and electricity system operation

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Nam Trieu shipyard delivers five vessels

Hai Phong, Dec. 29 (VNA) - The Nam Trieu Shipbuilding Industry Corporation (NASICO) on Dec. 28 handed over five ships to its domestic and foreign partners.

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Growing retail sector contributes 15 pct to GDP

Hanoi , Dec. 29 (VNA) — The domestic retail market contributed 15 percent of the country''s GDP, said the Vietnam Retail Association.    The association said the retail market would reach 86 billion USD this year, despite the economic downturn.

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