VNBusinessNews.com – A campaign kicked off in Hanoi on March 12, offering deals for the months of August and September and discounts of between 10 and 30 percent on tourist services.The Vietnam National Administration of Tourism (VNAT) expects that the “ Vietnam -Your Destination” programme will help it fulfil the yearly targets of 4.2 million foreign arrivals and 28 million domestic
VNBusinessNews.com – The Vietnam Coffee and Cocoa Association (Vicofa) and the Vietnam National Coffee Corporation (Vinacafe) have asked businesses to buy 200,000 tonnes of coffee for storage to prevent a slump in coffee prices.According to Phan Huy Thong, Deputy Director of the Department of Cultivation under the Ministry of Agriculture and Rural Development, Vietnam produced nearly 1 million
VNBusinessNews.com – The Vietnam National Coal and Mineral Industries Group on March 3 announced an increase in the price of coal it sells to Vietnam Electricity, because it needs money to reinvest.According to the announcement, the price of 4b coal dust would rise by 47 percent to VND648,000 a ton. 5 coal dust would increase by 28 percent to VND520,000 a ton.The group said despite the increase,
VNBusinessNews.com – Vietnam National Textile Garment Group (Vinatex), like many other exporters, is returning to the domestic market after shrinks in exports.Vinatex, the biggest entrepreneur of the Vietnamese textile and garment industry, is targeting the low-end consumer market to compete with Chinese garments flooding Vietnam’s price-sensitive market.”The major target of the textile and
VNBusinessNews.com – The Vietnam National Oil and Gas Group (Petrovietnam) yesterday announced that it had exceeded all of the set targets for January 2010, including VND 8.7 billion contributed to the State budget, 21% more than the January plan and a year-on-year 46% increase.Its total oil-converting exploitation output has reached nearly 2 million tonnes in January, exceeding the 5% plan.
VNBusinessNews.com – Vietnam National Petroleum Corp., or Petrolimex, said Thursday that 2009 net profit nearly trebled to VND3.21 trillion ($173.4 million), backed by its financial and real estate operations.The company, which holds a 60% share of Vietnam’s retail oil product market, said revenue fell 2.5% to VND105.31 trillion last year, without elaborating.Petrolimex said it aims to complete
VNBusinessNews.com – More than 400,000 international visitors arrived in the country in January; an increase of 20.6 percent over the same period last year and 10 percent more than in December 2009, said Mr.
VNBusinessNews.com – A seminar to collect ideas on effective measures to boost Vietnamese tourism was held in Hanoi on January 29.Speaking at the seminar, General Director of the Vietnam National Administration of Tourism (VNAT) Nguyen Van Tuan said that promotion campaigns have made important contributions to the tourism sector’s current achievements.However, tourism promotion work has not yet
VNBusinessNews.com – Vietnam National Oil and Gas Group (PetroVietnam) and Bank for Agriculture and Rural Development (AgriBank) on January 21 signed an agreement on cooperation, investment and development.Accordingly, the two signatories will jointly study and develop materials for producing Ethanol, carry out using Agribank’s payment card in distribution of oil and gas products, Liquefied
VNBusinessNews.com – The Vietnam National Coal and Mineral Industries Group (Vinacomin) on Jan. 10 launched an electricity company which is expected to produce 20 percent of the national electric power by 2025.With a chartered capital of 6.8 trillion VND (367.2 million USD), the new electricity company is permitted to invest, construct and operate hydro and thermo-power plants as well as power