"¢ A US panel on Tuesday voted to continue import duties on shrimp from Thailand, China, Vietnam, India and Brazil for five more years. The US International Trade Commission was quoted by Reuters as saying that revoking the anti-dumping order would open the door for the five countries to resume selling frozen shrimp in the US market at low prices.
"¢ Vietnam's total exports may rise 29.7 percent to US$18.8 billion in the first quarter from a year earlier, the government said on Tuesday based on preliminary figures. Total imports are estimated to rise 24 percent to $21.8 billion in the same period.
"¢ Hoang Anh Gia Lai Joint Stock Co. will build an industrial complex with an investment of $150 million in the Laotian province of Attapeu. The complex will include a sugar refinery, a fertilizer factory and a thermal power plant, the Vietnam Economic Times reported.
"¢ Ho Chi Minh City-based DongA Bank said it will sell 90 million new shares to foreign investors and another 60 million new shares to existing shareholders in the last quarter of 2011 to raise its registered capital by 33 percent to VND6 trillion ($287 million).
"¢ Vietnam is expanding border patrols and limiting the operation hours of gas stations at its borders with Cambodia to stem smuggling of petroleum products, Dau Tu (Investment) newspaper reported, citing Vu Huy Hoang, minister of Industry and Trade. Under the new measures, gas stations at borders are banned from operating after 6 p.m.
"¢ The central bank is ordering lenders in the country to ensure sufficient supply of dollars for individuals to purchase, it said in a statement on its website Tuesday. The bank did not specify how much in dollars banks are required to have on hand.
"¢ The central province of Phu Yen has withdrawn the investment license for Los Angeles-based Galileo Investment Group's proposed $11.4 billion real estate project after the company failed to implement its plans on schedule.
"¢ Da Nang held on to its number one position for the third consecutive year in the latest business envionnment survey released Wednesday. The central city was followed by Lao Cai and Dong Thap, according to the sixth annual Provincial Competitiveness Index. Ho Chi Minh City moved down seven places to 23rd while Hanoi was in 43rd position, down 10 spots.
"¢ The Ministry of Industry and Trade won't invest in new domestic projects in 2011 and will give priority to manufacturing projects, according to a statement on the government's website Monday. The ministry is reviewing investment plans and will announce a list of projects in April that will be cut or slowed.