Thursday, March 19, 2009

High logistics costs hold back Vietnam’s economic development

March 12, 2009, 3:53pm

High logistics costs are responsible for holding back the development of the Vietnamese economy. This is just one of the conclusions of the latest market research report from Transport Intelligence, Vietnam Logistics 2009.

At the same time as Vietnam is seeking to terms with the global economic slowdown, weak infrastructure and high inventory levels are proving to be a significant drag on its economic development.


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Dung Quat Industrial Zone licenses foreign-funded project

The Dung Quat Industrial Zone’s management board has granted an investment licence to the wholly foreign-invested DOOBON Viet Nam Co Ltd, which has US$28 million for investment.

The company plans to build a 98,300sq.m factory for the production of a range of household goods, such as shampoo, hair conditioner, sunscreen and liquid soap.


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Da Nang calls for investment in hi-tech park

The Da Nang Investment Forum 2009 will take place on March 27 at Furama Resort to introduce and call for investment in a 1,400ha hi-tech park.

According to the Da Nang Investment Promotion Centre (IPC Da Nang), this hi-tech park will be built on 1,400ha of land in Hoa Nhon commune, Hoa Vang district, around 20km from the centre of Da Nang, 10km from Da Nang Airport and 30km from Da Nang Port.


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Kume Sekkei opens its subsidiary in Vietnam

Kume Sekkei, one of Japanese largest architecture and construction companies, has chosen Viet Nam to base its subsidiary, named Kume Design Asia.

At a ceremony to open Kume Design Asia in Ho Chi Minh City on March 18th, the General Director of Kume Sekkei Yukio Yamada said that with the opening of Kume Design Asia, Kume Sekkei has officially entered Vietnamese architectural market.


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Tuesday, March 17, 2009

Construction of two hydro-electric power plants kicked off in Gia Lai

Construction of two hydro-electric power plants, Ia Hrung and Chu Prong, has been kicked off in Ia Grang commune, Ia Grai district, Central Highlands province of Gia Lai.


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