Chinese travel firms eye Da Nang as destination

Representatives from around 90 Chinese travel firms met with local tourism operators and managers at Da Nang's Silver Shores Resort yesterday in order to study tourism possibilities in the central city.

Chinese representatives were introduced to local tourist spots and specialties as well as accommodation and recreation facilities. Representatives from Vitours and the Shenzhen based AoYou exchanged information and ideas regarding possible co-operation, tours and services.

China is one of Viet Nam's key tourism markets, according to the Viet Nam National Administration of Tourism. The number of Chinese visitors to Viet Nam reached 905,000 during 2010, a year-on-year increase of 74.5 per cent.

State auditors go through Bao Viet, Vietcombank

HA NOI - The State Audit Office of Viet Nam (SAV) is auditing Bao Viet Group and Vietcombank today. SAV will also check the auditing reports of the Viet Nam Development Bank on Friday.

SAV has recently audited businesses including Electricity of Viet Nam, Viet Nam National Shipping Lines, Dung Quat Oil Refinery and Vietsopetro Joint Venture.

Marine Economic Forum to kick off in June

NHA TRANG - Viet Nam Marine Economic Forum 2011 (VMEF) will be held on June 8 in Nha Trang city.

With its theme of "Driving forces and challenges for the development of Viet Nam's coastal economic zones", the forum will create chances for domestic and foreign investors and experts to study marine resources potential and the development of coastal economic zones in Viet Nam.

Organisers expect the forum to attract around 400 guests including ministry leaders, experts, economic and policy researchers and domestic and foreign businesses.

Hoa Phat sees $34 million profit in first four months

HA NOI - The total revenue and post-tax profits of Hoa Phat Group (HPG) in the first four months of the year hit VND6.5 trillion (US$302.3 million) and VND730 billion ($34 million), or 36 and 39 per cent of this year's targets, respectively.

This puts Hoa Phat steel products in pole position in terms of domestic market share with a total output of 70,000 tonnes early this year.HPG is currently constructing its steel plant No3 with an annual capacity of 500,00 tonnes at the Hoa Phat Iron and Steel Complex in Hai Duong City.

Imports from Cambodia score zero tax rate

HA NOI - The zero tax rate will be applied to selected products imported from Cambodia including shrimp, crab, vegetables, fruit and coffee, according to Circular 68 from the Ministry of Finance.

To benefit from the zero tax rate, products must have Certificate of Origin Form S issued by juridical Cambodian offices and they need to pass through border gates agreed between the Viet Nam's Ministry of Industry and Trade and the Cambodia's Ministry of Commerce.

Source = vnagency.com.vn