Nghi Sơn Oil Refinery and Petrochemical complex in the central province of Thanh Hoa. (Source: cafeF) Hanoi (VNA) - Vietnam’s industrial production index (IPI) rose 11.2 percent on-year in the first eight months of 2018, the General Statistics Office (GSO) has announced. The growth, higher than the 8.2 percent in the same period last year, was mainly fuelled by crude oil production, which expanded by 510 percent and 520 percent in June and July respectively, compared to last year’s corresponding period. The GSO attributed the oil sector’s strong IPI rise to the opening of the Nghi Son Oil Refinery and Petrochemical complex – the country’s largest of its kind – in the central province of Thanh Hoa in June and another, Binh Son, in central Quang Ngai province – which resumed operations in the same month after annual maintenance. Some sectors in the secondary industry (dominated by the manufacturing of finished products) also … [Read more...] about Vietnam’s industrial production expands 11.2 pct in 8 months
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Vietnam woman fishes for victims with fake seafood sale on Facebook
Police in the north-central province of Thanh Hoa on Monday announced they had arrested a woman accused of fraud after she set up fake Facebook accounts posing as a seafood dealer to scam multiple victims. The police bureau of Sam Son District in Thanh Hoa said they launched an investigation into the alleged fraud following a report by a female victim against Nguyen Thi Thu Thuong, 32, who lives in the northern province of Quang Ninh. According to the victim’s allegation, she ordered 1.4 metric tons of pilot fish through a Facebook account named ‘Trang Pham’ for VND168 million (US$7,250). The account owner demanded that she make a down payment of VND60 million ($2,600), but she never received her ordered fish nor was she able to contact the account after making the deposit via bank transfer. Thuong has admitted to creating two Facebook accounts, namely Trang Pham and Nguyen Gioi, to join seafood trading groups on the social network, posing as a seafood dealer. … [Read more...] about Vietnam woman fishes for victims with fake seafood sale on Facebook
Vinh Phuc emerges as an attractive investment destination
Vinh Phuc has planned to develop a total of 50 industrial parks and clusters, covering a total area of more than 5,890ha. — Photo banqlkcn.vinhphuc.gov.vn The northern province of Vinh Phuc has become popular among domestic and foreign investors thanks to its breakthrough on socio-economic development, favourable location, young population and abundant labour force and a high proportion of trained workers. Located close to Ha Noi, Vinh Phuc has to date attracted 752 domestically-invested projects with a total registered capital of more than VND78 trillion (US$3.34 billion). It has also lured 378 foreign-financed projects worth more than $5 billion. These impressive results are attributable to the province’s endless efforts to improve its investment climate and to facilitate investors to solve challenges to implement their projects in a timely manner. In the past, the province has always ranked high on the Provincial Competitive Index (PCI) which has been … [Read more...] about Vinh Phuc emerges as an attractive investment destination