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PRESS DIGEST - Vietnam newspapers - May 26
26 May 2008 02:10:34 GMT
 Source: Reuters
HANOI, May 26 (Reuters) - These are some of the leading stories in the official Vietnamese press on Monday. Reuters has not verified these stories and does not vouch for their accuracy.

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FINANCIAL NEWS:

VIETNAM NEWS

-- Foreign investment in Vietnam is expected to reach new heights this year with the estimated level for January to May more than doubling the same period last year to $15.3 billion, the Foreign Investment Agency said.

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THANH NIEN

-- The State Securities Commission said 10 of the 30 listed companies which have registered to issue new shares have officially suspended their plans.

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THOI BAO KINH TE VIETNAM

-- Vinamilk <VNM.HM>, the country's leading dairy processor, was close to completion of listing its shares on the Singapore Exchange Limited that is expected in the fourth quarter of this year, Nguyen Tuan Anh, Vinamilk marketing director, said.

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DAU TU

-- Foreign investors are expected to disburse $3.95 billion in Vietnam during the first five months of this year, 25.4 percent higher than the same period last year, the Foreign Investment Agency said.

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ECONOMIC AND GENERAL NEWS:

VIETNAM NEWS

-- The livelihoods of tens of millions Vietnamese are threatened by global warming, officials said at a workshop held by the Ministry of Natural Resources and Environment on Sunday.

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NHAN DAN

-- Rice stockpile has been mounting in Vietnam, with 1.3 million tonnes now in warehouses while prices are falling, as the country still maintains a temporary halt on export of the grain, the Vietnam Food Association said.

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QUAN DOI NHAN DAN

-- Early rice harvesting on 6,000 hectares (14,830 acres) of the summer-autumn crop has begun in the Mekong Delta province of Dong Thap, or 3 percent of the province's area for the crop, as farmers started plantations a month earlier than usual to catch up with high rice prices.

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HANOI MOI

-- The government decided last week to send 4,550 tonnes of rice as food relief to three provinces in the northern and central regions during the period between crops.

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SAIGON GIAI PHONG

-- Vietnam could start mass production of anti-bird flu vaccine for human by the end of next year after ongoing trials on 30 volunteers are slated to end by mid-2009, said doctor Nguyen Thu Van, who heads the vaccine production company.

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TUOI TRE

-- So far only 30 provinces and nine ministries have reported plans to cut spending using state budget as a measure to control inflation with a total value of around 2 trillion dong ($125 million) in nearly 600 projects, the Planning and Investment Ministry said. Experts said the amount was not sufficient to help curb the price rise.

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THOI BAO KINH TE VIETNAM

-- The Agriculture Ministry has sought government permission to allow businesses to resume signing new rice export contracts after June, the Vietnam Food Association said.

- - - - (Reporting by Hanoi Newsroom)


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