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Gas prices rise twice in one month

Update: January, 06/2012 - 10:15

HA NOI — The domestic gas retail price increased by VND8,000 (US$0.38) per 12kg canister yesterday, hitting VND383,000 ($18.20).

Le Phuc Dai, general director of the Vinagas Dai Viet Energy JSC, attributed the rise to the increase in the fuel import tax rate from 2-5 per cent earlier this month.

The increase in the retail price was the second in five days after it rose by VND24,000 ($1.14) per 12kg canister on January 1.

City leads country in industrial production

HCM CITY — HCM City held its leading position in industrial development last year in both production size and development level, the municipal Department of Industry and Trade director Nguyen Van Lai said.

The city's production value last year reached VND740 trillion (US$32.5 billion), contributing to 42 per cent of the south's main industrial zone production value and 27.4 per cent of the country's industrial production value.

This year, the city has set an industrial production value target of VND881 trillion ($42 billion), equivalent to a 19.2 per cent year-on-year increase.

30,000 tonnes of sugar to be exported

HA NOI — The Ministry of Agriculture and Rural Development on Wednesday asked the Ministry of Industry and Trade to allow domestic enterprises to export 30,000 tonnes of sugar.

The move was made after the Viet Nam Sugar Association reported a high sugar output of 1.4 million tonnes in the 2011-12 crop and low sugar consumption demands in the domestic market.

Baskin-Robbins ice cream launched

HCM CITY — The world largest ice cream chain, US-based Baskin-Robbins, will launch three shops in the city today.

The shops will be managed by Blue Star Food Corporation under a franchised agreement between the two sides.

Blue Star Food Corporation general director Nguyen Thanh Nam said the corporation planned to increase the number of shops to 50 in the next five years. — VNS

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