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Vietnamese Government was found not to have intervened in the domestic prices of the carbon steel welded pipe industry, according to Canada Border Services Agency. - VNA/VNS Photo There was not enough evidence to say that the Vietnamese Government intervened in the domestic prices of the carbon steel welded pipe industry, according to the final determination by the Canada Border Services Agency (CBSA). With the aforesaid conclusion, CBSA calculated the dumping margin of Vietnamese exporters based on their actual production costs. According to Canada’s rules, if the governments of exporting countries were found to intervene in the domestic prices of products exported to Canada, Canada would calculate the dumping margin based on prices and production costs of a third country, which often resulted in higher duties. The dumping margins of the two Vietnamese enterprises that exported the product to Canada were concluded at 3 per cent and 4.9 per cent, much lower than that of other … [Read more...] about VN Gov’t did not intervene in domestic carbon steel prices: Canadian agency

China Railway Sixth Group Co., Ltd. has called for concluding the months-long testing phase by the end of the first quarter to begin operations in April, according to the Ministry of Transport. The ministry has ordered the Railway Project Management Board and the Hanoi Metro Company to review the work before making a decision. The state-owned Chinese firm has been carrying out trial runs along the 13-kilometer (8-mile) line since last September, and three to six months is the normal testing period. However, some 4 percent of other works such as pathways and terminals are yet to be completed. Once the testing concludes, it will be assessed for safety by the Vietnam Register and an independent French unit before being handed over to Hanoi authorities for commercial operation. In the early stages the metro will be free for passengers, and the Hanoi Railway Transport Company has proposed a fare subsequently of around VND10,000 ($0.43) for a five- to six-kilometer trip, and higher or … [Read more...] about Chinese contractor of Hanoi metro line wants official launch in April

The southern province of Ba Ria – Vung Tau on Thursday issued licences to seven projects and greenlighted two others with the nine having a total investment of over VND12.5 trillion (US$548 million). They include some large projects like an LNG plant to be put up by PVGAZPROM NGV at a cost of nearly $13 million and a capacity of 20 million cubic metres a day. The Da Bac 4 Solar Power Plant by Dong A Chau Duc Joint Stock Company will cost nearly VND1.1 trillion ($48 million). The others are the Vung Tau – Con Dao high-speed boat service, a plant to manufacture cement additives, construction of housing for steel workers, expansion of the Hung Thai Inland Container Depot, and a coffee plant. The two projects approved were a high-tech industrial - urban - service zone and expansion of the B1 Conac Industrial Zone. The licences and approvals were given at the Enterprises and Investors Meeting organised on Thursday to bring together over 200 domestic and foreign investors in the … [Read more...] about Ba Ria – Vung Tau licenses, approves 9 investment projects