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Hong Kong mission to boost tourism

Update: November, 19/2011 - 09:53

HCM CITY — A delegation of 27 Hong Kong travel companies visited HCM City yesterday to meet trade partners in HCM City and explore new collaboration opportunities.

The delegation comprises airlines, hotels, travel agents and tour operators.

According to the Hong Kong Tourism Board, which organised the delegation's Viet Nam visit that began on Thursday, visitors to Hong Kong reached more than 30.4 million in the first three quarters of this year, up 16.2 per cent year-on-year.

Arrivals from the Southeast Asian market grew steadily in the period with 2.26 million, an increase of 9.7 per cent over the same period last year.

In the first nine months of this year, there were 64,730 Vietnamese visitors to Hong Kong, a year-on-year decline of 22.5 per cent.

Steel mill complex loses licence

NINH THUAN — The Ninh Thuan Province People's Committee announced earlier this week that it would officially revoke the investment certificate of the Ca Na Steel Mill Complex Project, an investment by the Viet Nam Shipbuilding Industry Group (Vinashin) in a joint venture with Lion Group (Malaysia).

Ca Na Steel Mill Complex had an investment capital of US$9.8 billion and was granted an investment certificate in 2008. However, Lion Group's lack of financial capacity caused delays.

Nation participates in India trade fair

HA NOI — Four Vietnamese businesses are exhibiting their products at the 14-day India International Trade Fair 2011 that opened in New Delhi earlier this week.

Over 6,500 Indian and foreign companies from 30 countries and territories, including the US, Russia, the UK, France, China, Singapore, Thailand and Pakistan, are taking part in the fair.

Vietnamese trading companies Nhu Hoa, Thanh Thao, Hoai Phuoc and Machi are showcasing computer software, automobiles, electronics, telecoms, leather products, textiles, handicrafts, jewellery, interior decor and consumer goods. The India International Trade Fair is organised by the Trade Promotion Organisation under the Indian Ministry of Commerce and Industry, aiming to promote trade exchanges between India and countries worldwide.

Siemens demo truck heads northward

HCM CITY — The first ever TIA demo truck road show - a mobile technology expo show organised by the Industry Sector of Siemens Limited, is on the road from the south to the north of Viet Nam this week.

It will stop at 10 big cities to present the German company's state-of-the art products, systems and solutions in the automation industry to current and potential customers as well as the public. TIA is the ideal integrated solution concept for all types of industries such as chemical, petrochemical, food and beverage.

Taxes on land use in urban areas to rise by up to 40%

HA NOI — The land-use rights tax could rise by as much as 40 per cent in urban areas such as Ha Noi and HCM City when the new non-agricultural land law comes into effect at the beginning of next year, the Ministry of Finance has said.

Meanwhile, the tax on agricultural land will drop by 50 to 70 per cent.

According to the law, there will be three tax rates – 0.03 per cent, 0.07 per cent, and 0.15 per cent. The ministry said about 17 million households would be affected by the change.

Developer gets green light for urban development

HUNG YEN — Northern Hung Yen Province has approved a plan submitted by the Housing and Urban Development Group (HUD) to build the second phase of the Pho Noi New Urban Area. About 13,600 people are expected to live in the 140ha residential area. The project's first phase was funded by Hoa Phat Group with a total investment of VND4 trillion (US$190 million).

$14.7 million invested in beach tourism facilities

NAM DINH — Northern Nam Dinh Province has invested VND310 billion (US$14.7 million) in a planned beach tourism area in Nghia Hung District.

The district has completed land clearance and built roads for the 2 million square metre tourism area, which lies 65 kilometres from Nam Dinh City. The project is expected to be completed in 2014. — VNS

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