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Tag Archive for ‘ASEAN’

Vietnam asks Laos to review impacts of hydropower dam

HA NOI (VNS)— Viet Nam has urged Laos to continue its research on the environmental impacts of the planned Xayaburi Dam on the Mekong River. Concerns over the proposed dam has also led to Viet Nam asking Laos to perfect the designs for the dam. Vietnamese Foreign Ministry spokesperson Luong Thanh Nghi made the statement at a regular press briefing in Ha Noi yesterday when answering a question about Viet Nam’s stance on the construction of Xayaburi dam in Laos. Nghi added that he hoped Laos will work with Viet Nam…

Vietnam PM Dung pledges to enhance relationship with Denmark

HA NOI (VNS)— Viet Nam and Denmark have agreed to boost economic and trade co-operation to raise two-way trade to US$1 billion in the near future. The agreement was reached during talks between Prime Minister Nguyen Tan Dung and his Danish counterpart, Helle Thorning Schmidt, in Ha Noi yesterday. The two sides agreed to prioritize strengthening their relationship and focus their strategic partnership on fields such as climate change, the environment, energy and green growth. Dung praised development projects funded by Denmark in Viet Nam’s priority areas such as clean…

Vietnam, Denmark aim for 1 billion USD in trade

Vietnam and Denmark have agreed to boost economic and trade cooperation to raise two-way trade to 1 billion USD in the near future. The agreement was reached during talks between Prime Minister Nguyen Tan Dung and his Danish counterpart, Helle Thorning Schmidt, in Hanoi on November 8. The two sides agreed to prioritise strengthening their relationship and focus their strategic partnership on fields such as climate change, the environment, energy and green growth. Dung thanked the Danish Government and people for the valuable support, both materially and spiritually, that they have given to Vietnam during the country’s struggles for national reunification…

SCG Expands Cement Production In Vietnam

Thailand’s SCG Group will continue investing an additional US$2 million to expand cement production in Vietnam next year with a total annual capacity of 100,000 tons, said an SCG senior executive. Pramote Techasupatkul, president of SCG Cement, told the Daily the aforesaid information on the sidelines of a conference on ASEAN sustainable development held by SCG in Bangkok, Thailand on Monday. SCG Cement in March had acquired 99% equity of Buu Long cement plant in Dong Nai Province to produce white cement for local demand with a total output of 50,000 tons annually. It spent an estimated US$5.5 million purchasing the stake…

Vietnam, Russia to strengthen co-operation over oil and gas

HA NOI (VNS)— Viet Nam will continue to support the joint pursuit of oil and gas projects in its continental shelf with Russia, Prime Minister Nguyen Tan Dung has said. Pointing out the nation paid special attention to boosting cooperation with Russia in the energy sector, the PM stressed the issue during his talks with Russian Prime Minister Dmitry Medvedev in Ha Noi yesterday. The talks followed…

Hedging China risks, Japan firms turn to booming Southeast Asia

PHNOM PENH – Hiroshi Uematsu had a tough start in Cambodia, where he heads an economic zone that aims to attract business from his native Japan. He arrived just before the global financial crisis sent the Asian economic minnow’s exports into a tailspin and dried up investment interest. Now, though, business is looking up. About a third of the lots on the 365-hectare (900-acre) site on the outskirts of the capital Phnom Penh remain vacant and overgrown…

Vietnam PM promotes peace at ASEM summit

VIENTIANE (VNS)— Maintaining peace should be the priority of every country, so all disputes should be settled by peaceful measures when possible, Prime Minister Nguyen Tan Dung said yesterday during a discussion of regional issues under the framework of the ninth Asia-Europe meeting (ASEM). The world is transitioning into a new development period, which brings both new opportunities and security-related challenges, the Prime Minister said. He added that Viet Nam highly appreciates that Laos, as the host country for the 9th ASEM, chose the theme of “Friends for Peace, Partners for Prosperity…

Vietnam boosts ties with Uruguay

HA NOI (VNS)— President Truong Tan Sang told visiting Uruguay Vice President Danilo Astori yesterday that Viet Nam and Uruguay should jointly review and update signed agreements to facilitate economic co-operation in their areas of respective strength. The Uruguayan Vice President, who is also President of the General Assembly and the Chamber of Senators, will be in Viet Nam from Nov. 5-8. In greeting Astori, Sang affirmed that Viet Nam was willing to be a door for goods from Uruguay to enter the ASEAN market and suggested that Uruguay created more favourable conditions for Vietnamese…

TEXT-S&P Rates Vingroup And Proposed Notes ‘B’; Outlook Stable

(The following was released by the rating agency) Overview — The weak outlook for Vingroup’s property sales and collection risks offset the benefits of its relatively large and low-cost land bank and sizable portfolio of leasing properties and hotels. — We are assigning our ‘B’ long-term corporate credit rating and ‘axBB-‘ ASEAN regional scale rating to the Vietnam-based real estate developer. We are also assigning our ‘B’ issue rating to a proposed issue of senior unsecured notes, which the company’s subsidiaries guarantee. — The stable outlook reflects our expectation that Vingroup will have “adequate” liquidity…

Da Nang hosts 31st ASEAN International Airports Association Meeting

Nhan Dan – The 31st annual ASEAN International Airports Association Meeting officially opened in the central city of Da Nang on November 5. The meeting, entitled ‘Developing Non-Aeronautical Services at Airports’, was attended by representatives of member airports from Singapore, Malaysia, the Philippines, Thailand, Brunei, Cambodia, Indonesia, and Vietnam, as well as the Narita International Airport Corporation from Japan. Delegates at the meeting agreed that 2012 remains a difficult and challenging year for the global economy as well as ASEAN member countries, as evidenced by the sharp fall in the number…