PANO – The Nam Trieu Shipbuilding Industry Corporation (Nasico), under the Vietnam Shipbuilding Industry Group (Vinashin), has handed over a 56,200-ton bulk freighter, the Vosco Sunrise, to the Vietnamese Ocean Shipping Joint Stock Company (Vosco) of the Vietnamese National Shipping Corporation (Vinalines).
The 190m-long and 32.26m-wide ship, with 12.7m waterline, 5 storage levels, and a total capacity of 71800m3, was designed by the Japanese company IHI-MU and supervised by NK Register (Japan) and Vietnam Register, meeting all international standards.
It is the first of a 20-carrier contract inked by the Nam Trieu Corporation and Nasico, and is also the biggest bulk carrier ever built by Nasico and handed over to its domestic partners.
Translated by Pham Huy
Foreign chains now account for more than half of the nation’s retail sales, says the Association, and many local producers have started complaining they are struggling to get their products on retail shelves nationwide Vu Vinh Phu, chairman of the Hanoi Association of Supermarkets, was recently widely quoted as saying that a supermarket in the northern city of Hai Phong experienced a revenue drop of over 30% in the six months following the opening of a foreign supercentre at a nearby location. Local manufacturers and retailers are failing to make the transition from cheap and fast to quality and sustainable,…... [read more]
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The novel "Sorry, I'm Only a harlot" by Chinese writer Tao Ding is set to be performed at the Hoa Binh Theater in Ho Chi Minh City next month. The Chinese author has allowed the local V.Art Company to turn her well-known book into a stage drama. It is the first time a Vietnamese company has purchased the copyrights of a foreign publication to convert into a theater production. Writer and translator Trang Ha, who translated "Sorry, I'm Only a harlot" into Vietnamese, helped V.Art transform the novel into a stage script. The local company has now invested more than…... [read more]
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International Data Group Ventures Vietnam, a technology venture capital fund, will commit US$500 million over two phases starting this year to invest in local companies, its Chairman Patrick J. McGovern said recently. McGovern announced at a technology seminar held in Ho Chi Minh City Tuesday a $200 million venture fund will be launchedat the end of 2008 focusing on investing in 40-50 new local technology companies. Additionally, a $300 million "growth fund" will be launched in 2010 which seeks to boost growth for local businesses. This fund will be used to invest in companies in Vietnam, Cambodia and Laos. The…... [read more]
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Domestic Press Highlghts (10-06-2006) Pirated software discovered at local company An inspection team from the Ministry of Culture and Information and HCM City's police force raided An Phat Trading and Commerce Limited Company on Thursday, discovering 26 computers using unlicensed software and 65 pirated CDs. The total value of pirated software was estimated at around VND2.2 million (US$137), including Windows XP, Windows 2000, Windows Media, Microsoft Office, PhotoShop, Corel and AutoCAD. The company was fined VND10 million ($625) and had all pirated software and CDs confiscated. Tuoi Tre (Youth) Unilever Vietnam eyes community's health Unilever Vietnam has pledged VND70 billion…... [read more]