Thursday, 3 January 2013

Haiti welcomes 2013 with Bold Strategic Alliance with Vietnam

PORT-AU-PRINCE, Haiti, Jan. 2, 2013 /PRNewswire/ -- The governments of Haiti and Vietnam are demonstrating that South-South cooperation can lead to the fruitful exchange of resources, technology and knowledge. A series of significant agreements signed in late December 2012 provide the framework for a novel form of long term cooperation that will allow Haiti to address food security, one of its key challenges.
The government of Haiti hopes that these agreements will enable Haiti to leapfrog development stages as it attempts to create a resilient agricultural production system. As 2013 rolled in, these agreements were already translating into concrete positive benefits including lower prices for rice, Haiti's key staple food.
According to Haitian Prime Minister Laurent Lamothe, "The principal goal of the agreements we have signed with Vietnam is to find innovative ways to insure food security for all of our citizens." Lamothe's strategic plan identifies ways to mitigate the impact of natural disasters on Haiti's food supply and to reduce its reliance on the import of agricultural products such as rice. The Haitian government's goal is to achieve self-sufficiency in the production of food.
The Vietnamese experience is particularly relevant to Haiti which imports most of the rice its citizens consume. In the past thirty years this small Southeast Asian country has gone from facing periodic food shortages in the aftermath of the war with the United State and being a net importer of rice, to becoming the world's second largest exporter of rice.
Improvements came by increasing land under cultivation, relying on technology to improve seeds and mountain rice production techniques, and by depending on smallholders rather than on large farming estates. In 2011 Vietnam produced 40 million tons of rice a year, most of it grown on 7.2 million hectares by some 10 million farming households each cultivating between one half to one hectare.
Vietnam will provide Haiti with technical cooperation to address the production of rice and other agricultural products. It will send experts to help introduce a progressive system of mountain rice production that includes the mechanization of agriculture, soil erosion prevention techniques, and the introduction of drought resistance rice varieties.
The agreements include a few immediate benefits for Haiti. Vietnam will supply Haiti with 300,000 tons of rice annually, which will address periodic food shortages. As part of the new relationship with Vietnam's Vietell, the state owned mobile network company donated 400 tons of rice. As a result, Haitians are welcoming 2013 with the price of rice 33 percent lower than last year.

Thursday, 6 September 2012

Investment: Vietnam Haiphong City Ranks 2nd in FDI Attraction in Eight Months

Vietnam’s northern port city of Haiphong attracted a total of over $1.1 billion in foreign direct investment in the first eight months of this year, ranking second in the country after the southern province of Binh Duong.
They city licensed 20 new FDI projects with total investment of over $1 billion and allowed 18 existing projects to expand their capital by $77.6 million during the period. Of the total value, 97% came from Japan.
Most of the FDI is poured into hi-tech industrial projects, with the biggest invested by tyre maker Bridgestone worth $574 million. Nipro Pharma registered a $250 million project while Fuji Xerox received a license for its $119 million plant.
The northern port city is now home to many industrial parks, including VSIP Haiphong, Nomura Haiphong, Dinh Vu and Nam Cau Kien. It boasts low labor costs and multiple airports and seaports, a favorable condition for exports.
Haiphong, which is 119 kilometers from the capital city of Hanoi, was home to 352 valid FDI projects with total pledged capital reaching $6.97 billion by late July. With the figure, it ranked 8th among localities in terms of FDI attraction.

DHL launches Malaysia-Vietnam LCL service

Cargo News Asia 31/08/2012. DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL, has launched a direct less than container load (LCL) service between Malaysia’s Port Klang and Cat Lai in Vietnam. The new weekly LCL service between Port Klang and Cat Lai offers the port-to-port transit time of three days, saving customers up to 10 days and boosting intra-Asia trade flows between Southeast Asia’s third and sixth largest economies. The LCL service gives companies direct, faster access compared with the previous routing which saw shipments consolidated in Singapore, says Sam Ang, Southeast Asia CEO of DHL. ”DHL is continually adapting to changes in the global marketplace so when we see a need for a new service like the one between Malaysia and Vietnam, we are best positioned to leverage our network to deliver what the customer wants,” says Asia Pacific CEO Kelvin Leung.

Wednesday, 22 August 2012

Forecast for Vietnam 2011 - 2016

Last year’s stabilisation measures have cut inflation to below 10%, strengthened the external accounts and ended the series of VND devaluations. But resultant slower credit growth and inventory build-up will keep GDP growth at around 5% this year, below the 6% target, despite picking up from 4.7% in Q2.
Policy has shifted back towards expansion, in pursuit of growth above 6% in 2013.

Tuesday, 10 July 2012

The notice!!

After few years department of warnings and notices.

You may have noticed the increased amount of notices for you to notice.

And, we have noticed that some of our notices have not been noticed. This is very noticeable.

It has been noticed that the responses to the notices have been noticeably unnoticeable. Therefore, this notice is to remind you to notice the notices and to respond to the notices because we do not want the notices to go unnoticed.

BUT WE NOTICED THAT OUR CLAIM FOR SOUTH CHINA SEA WAS WRONG SO WE ARE CORRECTING OUR MISTAKE,HERE IS THE NEW MAP WITH REVISED CLAIM.

Your sincerely,
CHINA

Monday, 2 July 2012

SOCO International to acquire remaining 20% stake in SOCO Vietnam

SOCO International plc (SI), a UK-based oil and gas exploration and production company, has entered into an agreement to acquire the remaining 20% stake in SOCO Vietnam, Ltd., engaged in oil and gas field development and production, from Lizeroux Oil & Gas, Ltd. for a cash consideration of $95 million.
The consideration is to be satisfied out of the existing cash resources of SI.
SOCO Vietnam generated profit before tax of $157 million and gross assets of $839.1 million for the year to 31 December 2011.
Bank of America Merrill Lynch is acting as financial advisor and Pelham Bell Pottinger is acting as PR advisor for SI.
The acquisition is expected to complete by the end of July 2012.