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Press Highlights Apr. 8

08/04/2008 -- 8:45 AM

Hanoi (VNA)--

Current Events

· Party and State leaders of Vietnam received and held talks with Belorussian President Alexander G. Lukashenko (All dailies, page 1).

· Party General Secretary Nong Duc Manh wrapped up visits to Angola and Mozambique (All dailies, page 1).

· Editorial: new stages in comprehensive cooperation between Vietnam and Angola and between Vietnam and Mozambique (Nhan dan, page 1).

· Prime Minister Nguyen Tan Dung received Kuwait’s Minister of Oil (Nhan dan, page 1).

· President Nguyen Minh Triet: judical police forces need to keep close contact with the people to maintain political security and social order (Nhan dan, page 1).

· A governmental meeting held in the south to discuss measures to curb inflation for socio-economic development: Joining forces to overcome difficulties (Quan doi Nhan dan, page 1).

· Vietnam calls for stronger Asia-Middle East cooperation (Nhan dan, page 8).

· Vietnam-Japan strives to soon sign a comprehensive economic partnership agreement (Quan doi Nhan dan, page 8).

Socio-economic Affairs

· Severe acute diarrhoea continue spreading (Nhan dan, page 8).

· 6 billion USD Nghi Son oil refinery contract signed (Quan doi Nhan dan, page 1).

· Lang Co bay is likely to become a member of “The World Most Beautiful Bays” club (Quan doi Nhan dan, page 8).

· Price of the US dollar will keep rising (Ha Noi Moi, page 4).

· Vinasat-1: no more delay again? (Ha Noi Moi, page 4).

· Securities market: indexes at both bourses keep rising (Ha Noi Moi, page 4).

· Vietnam imports nearly 40 tonnes of gold (Ha Noi Moi, page 7).

· Rubber exports sharply increase (Ha Noi Moi, page 7).

· Oak Tree Group will invest in a five billion USD tourism project in central Danang city (Lao dong, page 3).

· Mekong River Delta region: paddy price rises again (Thoi bao Kinh te Viet Nam [Vietnam Economic Times], No. 84, page 5).

· Red river’s two banks development project: adjustment and appraisal made for the Hanoi section (Thoi bao Kinh te Viet Nam, No. 84, page 15).

· Will automobile import tax be increased again? (Dau tu [Investment], No. 42, page 7). The Finance Ministry is studying a plan to further increase import tax on fully-assembled automobiles and even car parts if necessary.

· Ford committed to further its investment in Vietnam (Dau tu, No. 42, page 8). Ford Vietnam has announced its decision to invest an additional 10 million USD in Vietnam to expand its production base. An interview with Dave Alden, Ford ASEAN Chairman.

· Kick-starting many key projects (Dau tu, No. 42, page 13). The Vietnam Oil and Gas Group has signed a series of agreements in the field of petrochemistry and oil refining.

· The monetary market saw a US dollar shortage (Tien phong [Vanguard], No. 97, page 1). According to the State Bank of Vietnam, VND-USD exchange rate stands at between 16,118.00 VND and 16,120.00 VND to the US dollar. Apart from rising in value, the US dollar became scarce in the market, igniting a race to mobilise USD until commercial banks agreed on April 2 to put the cap for USD deposit interest rate at 6 percent.

· 20 typical architecture works of Vietnam during the renewal period (Tuoi tre [Youth], No. 90, page 13). These architecture works were selected from 75 nominations by architects’ associations, research institutes and specialized magazines.

· Businesses overlook the stock market (Thoi bao Tai chinh Viet Nam [Vietnam Financial Times], No. 41, page 7). Businesses often mobilise capital through many channels such as bank loans and shares and bonds issue. However, at present, mobilising capital through issuing bonds is still a “future option” for Vietnamese businesses.

· Rice export: supply-demand paradox (Cong thuong [Industry and Commerce], No. 3, page 3). Many countries “tighten” exports. Vietnam’s real strength.

· Price of basic commodities will not be increased (Cong thuong, No. 3, page 4). In implementing the government’s eight urgent measures to curb inflation, stabilise the macro economy, ensure social security and maintain economic growth, ministries, sectors, associations and businesses have taken steps to keep price of commodities unchanged through June 2008.

· Investment in building golf courses: a race of foreign “big names” (Thoi bao Ngan hang [Banking Times], No. 42, page 5). After a wave of investment in high-grade apartment buildings, commercial centres and resorts, foreign investors again join another race to build golf courses . However, behind the opulent face of golf courses, many issues need to be considered, including the combination of socio-economic development with environmental protection in areas where golf courses will be built.

· It is time to readjust investment list (Thoi bao Ngan hang, No. 42, page 11). The freeze of the market is considered a good time for investors to readjust their investment lists to prepare for new “battles”.

International Events

· Russia-US summit cannot remove differences (Nhan Dan, p8)

· US presidential election: Hillary Clinton faces new difficulty (Nhan Dan, p8)

· Thousands of Pakistanis protest against anti-Islam film, cartoons (Nhan Dan, p8)

· Indian PM reshuffles cabinet as polls loom (Nhan Dan, p8)

· Israelis Prime Minister attends biggest ever military drill (Quan doi Nhan dan, p8)

· Pakistan opposition parties push Musharraf into isolation (Quan doi Nhan dan, p8)

· First Korean astronaut begins historic 12-day mission (Saigon Giai phong, p8)

· India to set up strategic 5 million tonne grain reserve (Saigon Giai phong, p8)

· Survey: Support for Fukuda's cabinet hits new low (Saigon Giai phong, p8)

· Stock markets all over the world recover (Saigon Giai phong, p8)

· President of Montenegro wins landslide re-election (Lao Dong, p6).-Enditem
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