03:20 (GMT +7) - Sunday 25/03/2018


March 1

Released at: 14:08, 01/03/2018 PRESS WATCH

March 1

VET's round-up of news from Vietnamese media for March 1.

Phong Dien solar plant to begin operations in September

The Gia Lai Electricity JSC’s Phong Dien solar power plant is expected to begin operations in September and generate power for 32,628 households. A subsidiary of the TTC Group, Gia Lai Electricity has just signed an EPC contract with a consortium of Asian electronics giants: the Sharp Corporation (Japan), Sharp Solution Asia (SSSA) (Thailand), and NSN Construction and Engineering JSC, to construct the solar power plant. Sharp is a multinational electronics corporation based in Sakai, Japan, and has been an integral part of the Taiwan-based Foxconn Group since 2016. The plant is located on 45 ha in Phong Dien district in central Thua Thien Hue province.

Two MoIT loss-makers back in business

The Dinh Vu Polyester Plant (PVTex) resuming operations at its factory and PetroVietnam restarting its group of biofuel factories are just two of many positive developments at loss-making projects run by the Ministry of Industry and Trade (MoIT). The PetroVietnam biofuel factories have been restarting and will be able to sell products from sometime in March. PVTex will also re-open its factory this month after signing a sales contract. It will choose a foreign or domestic firm within the second quarter of the year to cooperate with and operate the factory.

Ha Giang International Marathon set for April 30

The Ha Giang International Marathon, with the theme “Running on the Road of Happiness”, will be held on April 30 in northern Ha Giang province. The event is being organized by the Ha Giang Department of Culture, Sports and Tourism and the Vietnam Athletics Federation. Runners will start from Dong Van town, home of the Dong Van Karst Plateau Geopark, and run through Ma Pi Leng Pass and Meo Vac town before finishing in Dong Van district. The event is expected to draw more than 500 foreign and domestic runners competing in 10 km, 21 km, and 42 km events.

2M export turnover up 23%

Export turnover was estimated at $33.62 billion in the first two months of the year, up 22.9 per cent against the same period last year, the General Statistics Office (GSO) reported. In February, export revenue has been estimated at $13.4 billion, down 33.7 per cent year-on-year.

Foreign visitors up 30% in Jan-Feb

Vietnam welcomed a total of 2.86 million foreign travelers in the first two months of this year, representing a year-on-year increase of 29.7 per cent, according to the General Statistics Office. Asia continued to be its largest tourist market, with 2.12 million arrivals in January and February, up 35.8 per cent from a year earlier. Of these, Chinese holidaymakers rose 38.5 per cent to 901,800, accounting for 31.5 per cent of the total.

2M industrial production up 15%

Vietnam’s index of industrial production grew 15.2 per cent year-on-year in the first two months, much higher than the 2.4 per cent recorded in the same period of 2017, and was buoyed by the efforts of foreign companies, according to government statistics. Output in the manufacturing and processing sector increased 17.7 per cent, contributing 13.2 per cent to the overall index. Power production and distribution rose 11.2 per cent while mining increased 5.7 per cent.

Juroku Bank to open Hanoi rep office

Japan’s Juroku Bank Ltd will open a representative office in Hanoi shortly after obtaining a license from the State Bank of Vietnam (SBV) in early February. The license is valid for five years. The representative office will function as a liaison office for market research and the promotion of investment projects in Vietnam belonging to the bank.

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