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Tag Archive for ‘Russia’

Vietnamese leader Nguyen Van Binh attends third Eastern Economic Forum

Head of the Vietnamese Party Central Committee’s Economic Commission Nguyen Van Binh is currently attending the third Eastern Economic Forum which opened in Vladivostok city, Russia, on September 6. This year’s forum themed ‘The Russian Far East: Creating a New Reality’ has attracted the participation of nearly 5,000 delegates who are State leaders, entrepreneurs, experts […]

Vietnam planning to crank up Russian-subsidized nuclear study center by 2025

The US$500 million project has been revealed less than a year after the country scrapped plans for two nuclear power plants due to economic reasons. Vietnam is planning to develop a nuclear science and technology center using a US$500 million loan from Russia over the next seven years. Tran Chi Thanh, director of the Vietnam […]

Vinh Phuc seeks opportunities for exports to Russia

Permanent Vice Secretary of the Party’s Committee of northern Vinh Phuc province Tran Van Vinh has visited Russia as part of his tour of several European nations to promote trade. Vinh and his entourage arrived in Russia on September 3 for the start of the tour in the hope of seeking opportunities for goods from […]

Vinatex seeks investment opportunities in Armenia

A delegation of the Vietnam National Textile and Garment Group made a fact-finding trip to Armenia in late August to seek partners to develop production projects as Vietnam is the first country to sign a free trade agreement with the Eurasian Economic Union that includes Armenia. Vinatex General Director Le Tien Truong said during their […]

Gold to Gain to $2,000 on Money Printing, Deutsche Bank Says

Gold will probably rally to a record above $2,000 an ounce next year as central banks ramp up stimulus to sustain the recovery, according to Raymond Key, London-based global head of metals trading at Deutsche Bank AG. “We’ll take out $2,000, we’ll go higher,” Key said in an interview in Hong Kong, where he attended […]

Air route to link Russia, Cam Ranh via UAE

HA NOI (VNS)— There will be direct flights from Chelyabinsk Airport in Russia to Cam Ranh, the central coastal city of Viet Nam, and Sharjah in the United Arab Emirates (UAE), according to Interfax-Ural News Agency. The monthly frequency of flights to popular winter tourism destinations in Egypt will also increase significantly. Flights to Hurghada (currently 20 flights) will triple and flights to Sharm El Sheikh in Egypt (currently 10 flights) will double as compared to last year, according to a press release from the airport. Flights to Bangkok and Phuket in…

Russia Upper House chair arrives in Vietnam on two-day visit

HA NOI (VNS)— Valentina Ivanovna Matviyenko, chairman of the Federation Council of the Russian Federation, is expected to arrive in Viet Nam today for a two-day official visit. The visit is being made at the invitation…

Platinum, Palladium Shortage Most in a Decade on Supply

Platinum and palladium will return to the biggest shortages in at least a decade this year as strikes and safety stoppages in South Africa and falling sales from Russia cut supplies, Johnson Matthey Plc (JMAT) said. Labor disputes in South Africa will help cut platinum output to the least since 2000 and leave the market […]

U.S. to overtake Saudi as top oil producer: IEA

The United States will overtake Saudi Arabia and Russia as the world’s top oil producer by 2017, the West’s energy agency said on Monday, predicting Washington will come very close to achieving a previously unthinkable energy self-sufficiency. In this Tuesday, March 6, 2012, file photo taken with a long exposure, a pumping unit sucks oil from the ground near Greensburg, Kan. The forecasts by the International Energy Agency (IEA), which advises large industrialized nations on energy policy, were in sharp contrast to previous IEA reports, which saw Saudi Arabia remaining the top producer until 2035. “Energy developments in the United States are profound…

Overseas Vietnamese can boost Vietnam’s export sales

HA NOI (VNS) – There are currently some 2.7 million Viet Kieu (overseas Vietnamese) living in 90 countries and territories across the world. They present an extremely valuable market for products made in Viet Nam, with estimated annual spending on these items totalling about US$100 million. Meanwhile, the value of products bought in Viet Nam during their visits to the country adds up to tens of millions of US dollars. According to Do Thang Hai, director of the Ministry of Industry and Trade’s (MOIT) Trade Promotion Department, these figures are still very small compared to the…