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December 12, 2016

Released at: 21:00, 12/12/2016 PRESS WATCH

December 12, 2016

Photo: Duc Anh

VET's daily round-up of news from Vietnamese media for December 12.

Trade Ministry deletes 12 steel projects off master plan

The Ministry of Trade and Industry has taken off 12 steel projects from the master plan with a combined capacity of 6.52 million tons of steel billet and 1.35 million tons of cast iron. All the projects are infeasible due to lack of investment capital or material resources.

First outdoors hotel theater honored

The Rex Hotel in Ho Chi Minh City has been granted a certificate for the “first outdoor theater for a five-star hotel” by Vietnam’s Guinness Records. At the 180-seat theater, performances of traditional dances, musical instruments, and so on are provided every evening.

Int’l arrivals in Hanoi to hit record high in 2016

The Hanoi Department of Tourism anticipated international arrivals to the city to reach a record high of four million in 2016, a year-on-year increase of 22.6 per cent. More than 17.8 million domestic tourists visited the capital this year, a year-on-year increase of 8.4 per cent. Revenues from tourism-related services also increased 13 per cent year-on-year to VND62.3 trillion ($2.7 billion).

Nguyen Kim to open 14 new stores

Nguyen Kim Trading Joint-Stock Company, one of the leading electronics and electrical superstores, will open 14 new stores around the country this month, including six centers covering between 1,500 and 2,500sq.m. each. Nguyen Kim shopping centers feature six key categories with over 10,000 products including electronics, refrigeration, home appliances, computing, entertainment, and telecommunications.

Rubber industry to earn $4.36 billion from exports

The rubber industry is expected to earn $4.36 billion from exports this year, accounting for 2.5 per cent of the country’s export value. Globally, Vietnam ranks second in rubber yield, third in rubber output, and fourth in rubber export volume.

Steel sector to grow 10-12 per cent next year

According to the Vietnam Steel Association (VSA) General Secretary, Chu Duc Khai, the steel industry, with expected GDP growth of 6.2 per cent this year and the operation of 10 new steel projects in 2017, is likely to enjoy 10-12 per cent growth next year.

Japanese firm to help Hung Yen tackle waste problem

Japanese Kume Group plans to help northern Hung Yen province tackle waste problems and strengthen environmental protection with a project under which a pilot plant will be built to treat and classify wastes and turn the wastes to organic fertilizer. Another, much bigger plant will be constructed after the pilot’s success.

Vietnam hungry for bigger bite of cocoa market

The International Cocoa Organization (ICCO) in a November 30 statement said Vietnam appears to be the new frontier of cocoa cultivation and is a promising region for production expansion given inadequate global supplies./.

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