Economy and industry
VN Central Bank’s $12 billion worth of US govt bonds not a surprise
Indonesia, Thailand and Malaysia, with forex reserves many times bigger than Vietnam’s, only invest 10 percent of reserves on US government bonds. Meanwhile, the proportion is 30 percent for Vietnam. Singapore invests $109 billion on similar items, while the Philippines has poured $41 billion into the ...
Industry Ministry crushes Binh Son export aspirations
The Ministry of Industry and Trade has refused Binh Son Refining and Petrochemical Co. (BSR)’s proposal to export Dung Quat oil refinery’s products, according to newswire Vneconomy. According to the MoIT, the government put a high priority on consuming Dung Quat’s products on the domestic market, ...
Productivity soars for Vietnam
Vietnamese workers have substantially improved their productivity levels in the last 15 years, according to ICAEW’s latest ‘Economic Insight: South East Asia’ event launched in Ha Noi on 10 June. According to the Institute of Chartered Accountants in England and Wales report, ‘pure productivity’ grew 2.3 ...
Salt mine protests intensify
More than 500 villagers rallied on 12 June against a company’s underground salt mining project in Kham Thale So district amid concerns over the environmental impacts. The company is excavating to explore underground salt deposits in a location about 500 metres away from Bang Nong Hua ...
No decision yet to be made on Noi Bai Int’l Airport expansion
No plan for the Noi Bai International Airport expansion has yet been selected, Deputy Minister of Transport Nguyen Nhat said in a recent interview with Vietnam News Agency amidst public debate about the expansion, which is said to cost up to five billion USD. Proposals on ...
Ministry promotes LPG industry
The government will issue free licences to small liquefied petroleum gas retailers in a bid to promote safety in the under-regulated industry, while moving forward with plans to allow larger companies to distribute the fuel. Licences for small and medium enterprises to sell LPG will be ...
Facebook racks up 10m Myanmar users
The world’s most popular social network, Facebook, has made millions of new “friends” in Myanmar over the last few years. In that time, the site has played the part of nationwide news outlet, emergency relief coordinator and community water cooler – but it has also provided ...
THAI orders 12 Airbus A350s
Thai Airways International Plc has ordered 12 new Airbus A350 XWB aircraft, eight of them on lease. The first aircraft is scheduled to arrive in August and is expected to replace an old plane on the Bangkok-Melbourne route. The Airbus A350 XWB is a mid-size long-range commercial ...
EU to start ASEAN aviation talks
The European Commission is planning to start negotiations with the Association of Southeast Asian Nations on an aviation agreement soon, having received a mandate from EU transport ministers earlier this week. The EU is hoping to create new airline routes and new business opportunities for European ...
Binh Dinh gives 'ultimatum' to $22bil. Nhon Hoi refinery
Nguyen Ngoc Toan – Deputy Chief of the Management Board of Nhon Hoi Economic Zone – said local officials had met with Thailand’s PTT Group on the progress of the Nhon Hoi (Victory) petrochemical project. Binh Dinh officials and the investors discussed with representatives of the ...
