Da Nang attracts $152m in FDI
Since the beginning of the year, the central city of Da Nang has attracted more than US$152 million in foreign direct investment (FDI). For the period, the city granted investment certificates to 24 new projects with total capital of over $107 million. It also permitted $45 million added to on 12 existing projects. The processing and manufacturing industries had a total of 17 new projects, more than any other sector.
Thoi Bao Kinh Te Viet Nam (Viet Nam Economic Times)
HCM City inventories on decline
HCM City's economy is showing positive signs, with inventory volume falling from 40 per cent in May to nearly 21 per cent in September, according to the city's Department of Industry and Trade.
During the first nine months of the year, the city's industrial production rose by 4.2 per cent compared with the same period last year, the department said, adding that industrial production had contributed 38.1 per cent of the city's GDP.
Sai Gon Giai Phong (Liberated Sai Gon)
Da Nang hosts Vietnamese products expo
A fair selling made-in-Viet Nam products will be held in the central city of Da Nang from December 14-18 at the Da Nang Fair and Exhibition Centre in Cam Le District, according to the city's Department of Industry and Trade.
Forty-two companies have registered to occupy 204 stands selling garments, footwear, decor items, and food and beverages. To attract more businesses, the city is offering companies VND2-3 million (US$95-142) to help pay for the VND7 million (US$330) fee to rent a stand in the fair.
Dau Tu (Viet Nam Investment Review)
Vinh Phuc to power up rural areas
The northern province of Vinh Phuc plans to increase investment to upgrade infrastructure in rural and mountainous regions, with the main aim of developing business production and reducing poverty by 2015.
The province will upgrade the electricity system to bring power to all of its households, with 95 per cent of communes to have access to standard electricity infrastructure by 2015.
Tin Tuc (News)
Traffic accidents on the decline
According to the Ministry of Transport, the number of traffic accidents fell during the first nine months of the year. There were 23,619 accidents, killing more than 6,900 and injuring 25,000. The figures fell by 9,360, 1,502 and nearly 11,000, respectively, compared to the same period last year. In addition, there were fewer traffic jams in HCM City and Ha Noi.
Lao Dong (Labour)