The Ministry of Agriculture and Rural Development's Enterprises Management Department revealed that divestment from non-core businesses by State-owned enterprises in the agricultural sector is slow and behind target.
By the middle of the year only 34 per cent of the intended amount of around VND1.7 trillion (US$78 million) was withdrawn leaving a further VND3.3 trillion ($152 million).
The low prices offered for the shares and other reasons have been cited for the delay.
Thanh Nien (Young People)
Phu Yen focuses on rural development
In the last five years the central province of Phu Yen has spent a total of VND22.5 trillion (over $1 billion) to develop new rural areas with infrastructure including roads, irrigation, electricity, schools, clinics, cultural centres, water supply, and waste collection and treatment.
The province plans to have 60 per cent of communes meeting national standards for new rural areas by 2020.
Sai Gon Giai Phong (Liberated Sai Gon)
Dong Nai welcomes Japanese SMEs
The first area in Dong Nai Province earmarked exclusively for Japanese small and medium-sized enterprises opened in the Nhon Trach 3 Industrial Park.
It was built by a joint venture between Japan-based Forval Corporation, Tin Nghia Corporation and Dong Nai Container Port Joint Stock Company at a cost of VND772 billion ($36 million) on an area of more than 18 hectares.
It has infrastructure for small and medium-sized enterprises, mostly in supporting industries.
Tuoi Tre (Youth)