High-quality fair to be held in Quang Ngai
QUANG NGAI — A five-day trade fair focused on high quality Vietnamese goods will be held on Ly Son Island, off central Quang Ngai Province's coast, starting tomorrow.
The fair, organised by the High-quality Vietnamese Products Association and the Sai Gon Tiep Thi newspaper, is set to feature 120 domestic manufacturing businesses as well as new products from seed companies, community activities and entertainment shows.
Mandarin Garden to reach completion by 2013
HA NOI — The Cotec Construction JSC (CotecCons) is set to construct the body of the Mandarin Garden compound, pursuant to an agreement with the Golden Gain Viet Nam JSC, a subsidiary of the Hoa Phat Group.
Construction work, started last July, is expected to reach completion in Q4 of 2013. The finished site will include 1,000 apartments, a swimming pool, a supermarket, a kindergarten and a shopping centre, all covering an area of 2.6ha in the Cau Giay District of Ha Noi.
FPT reveals high Japanese market turnover
HA NOI — The Corporation for Financing and Promoting Technology (FPT)'s software company reported revenues of about US$14.6 million on the Japanese market during the first half this year.
The company managed to achieve nearly 45 per cent of its yearly target and 53 per cent of its total expected revenue despite facing difficulties following Japan's recent natural disasters.
FPT's success is attributed to support received from its parent company, its world-wide sales network and its competent workforce.
Cement prices soar due to high inputs, transport
HCM CITY — Factory prices of cement increased by VND150,000 per tonne (US$7.14), building materials agents around the city recorded.
This led the retail sale prices of Ha Tien 1 to VND95,000 per bag ($4.5) and Fico's to VND94,500.
Manufacturers attributed the price adjustment to higher inputs and transportation cost and forecast a shortage of cement in the future.
$5m textile mill to
be built in Tra Vinh
TRA VINH — The Tra Vinh People's Committee granted the Grace Vina Single-member Limited Liability Company (South Korea) the investment certificate to build a textile mill.
The US$5 million mill is located on a 3.4-ha land in Cau Ngang Commune, southern Tra Vinh Province with a projected capacity of 26.9 million articles of women's clothes per year.
It is expected to start operations next February and employ over 3,000 workers.
Key fertiliser projects fall behind schedule
HA NOI — The Viet Nam National Chemical Group (Vinachem) reported a slow rate of progress of key fertiliser projects.
The reasons include sluggish site clearance and slow capital expenditure. Specifically, the Ninh Binh nitrogenous fertiliser project has to delay its expected completion this October to next January due to late changes in design. — VNS