News

Vietinbank to open first German subsidiary

Hanoi, Apr. 10 (VNA) – The Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) has received approval in principle from the State Bank of Vietnam to start up a subsidiary company in Germany with a total investment of about 50 million EUR.

Financial reform key to restructuring economy

Hanoi, April 10 (VNA) — Rationalising State-owned enterprises and the financial sector is key to restructuring the country's economy, according to leading Vietnamese economists.

Work on southern petrochemical project to start

Hanoi , April 12 (VNA) — Construction of a 4 billion USD petrochemical complex is set to start soon in the southern province of Ba Ria -Vung Tau, following recent guidance from Deputy Prime Minister Hoang Trung Hai.

HCM City hosts first camera equipment exhibition

HCM City , April 12 (VNA) – The first International Digital Photo and Sign Show 2012 opened at the Saigon Exhibition and Convention Centre in Ho Chi Minh City on April 12.

Binh Duong gets another spinning factory

Binh Duong, April 12 (VNA) - The Thien Nam Spinning Joint Stock Company on April 14 inaugurated its fourth spinning factory, at Binh An Industrial Zone, in Di An town of southern Binh Duong province.

Ben Tre coconut festival great success

Ben Tre, April 11 (VNA) –The third Coconut Festival came to an end in the Mekong Delta province of Ben Tre On April 10, with hundreds of thousands of domestic and foreign visitors and local people taking part.

Phu Quoc island to be international trading hub

Kien Giang, April 11 (VNA) – Phu Quoc Island of the Mekong Delta province of Kien Giang is set to become an eco-tourism and international trading centre.

VN’s first green power plant to operate soon

Tuyen Quang, Apr. 10 (VNA) – Chiem Hoa hyower station, the nation’s first run-of-the- river (RoR) hydro power plant, will soon become operational with its first turbine going into operation later this month, after nearly three years of construction, announced the project’s management board on Apr. 9.Built at a cost of over 1.7 trillion VND, the plant, located on the Gam River , has the capacity to produce 45MW.

New regulations on gold trading introduced

Hanoi, April 6 (VNA) – The Prime Minister has issued a decree on the management of gold trading, stipulating that the government will hold a monopoly over the production of gold bars as well as the import and export of unprocessed gold.