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BUSINESS IN BRIEF 10/10
WB:
The
World Bank (WB) projected
Speaking
at a press briefing in
The
WB’s projections were lower than the targets set by the Government.
Nguyen
Van Nen, Minister and Chairman of the Government Office, told a regular press
conference in the capital late last month said the local economy posted
relatively stable growth between January and September.
Though
no breakthroughs have been made so far, the GDP growth of 5.8% is obtainable
this year, Nen said. Some cabinet members even expected a GDP growth rate of
5.9%, citing the Government’s pro-business measures.
At on
October 6’s press briefing, the WB said the slowed GDP growth rate is the
consequences of weak domestic demand. In the long term, economic growth would
be driven by various factors such as the restructuring of State-owned
enterprises and banks, policy-related issues that are hindering private
investments, shortages of skilled workers, and a big gap between
infrastructure and logistics services.
Sandeep
Mahajan, WB lead economist for
Meanwhile,
industrial production especially from the domestic sector remains a
disadvantage. Low confidence and consumption in the domestic sector continue
to dent the country’s economic growth, Mahajan said.
According
to the WB, macro-economic stability can be strengthened further this year on
the back of low inflation. Low GDP growth has facilitated monetary policy
easing but credit is still obstructed by the balance sheets of banks and
subdued domestic demand.
From
January to July, around 37,600 local enterprises shut down or suspended
operations, rising by 10% year-on-year. Besides, retail growth, an index
measuring the buying power of the private sector, fell to 5.7% in June, the
WB said.
The
ratio of domestic private investment to GDP stood at 10.7% in the first
quarter of this year, lower than 13.9% in 2010.
Duc
Khai to complete 1,080 resettlement apartments this month
Duc
Khai Corp. is expected to complete 1,080 resettlement apartments in HCMC’s
District 2 later this month and these apartments will then be allocated to
the households affected by the development of Thu Thiem New Urban Area.
Nguyen
The Minh, deputy head of the Investment and Construction Authority of Thu
Thiem New Urban Area (Thu Thiem ICA), told the Daily last week when Minister
of Construction Trinh Dinh Dung made an inspection trip to the project.
Thu
Thiem ICA has been authorized by the city government to sign a contract to
buy the 1,080 apartments built by Duc Khai Corp on an area of 38.4 hectares
in Binh Khanh Ward.
The
corporation is now giving its final touches to the apartments before handing
over them to the authority this month. Later, the authorities of District 2
will get these condo units for handing over to the households.
When
the households will receive the new apartments will depend on the lease and
purchase agreements signed by them and District 2. In some special cases,
each household can get two apartments but their prices have not been
publicized.
If the
households are not satisfied with the new apartments constructed by Duc Khai
Corp., they will be allowed to choose others built for the city’s
resettlement housing program comprising of 12,500 condo units for the
households affected by the development of Thu Thiem New Urban Area.
Alderman
Fiona Woolf, Lord Mayor of the City of
Woolf
was speaking at a meeting with HCMC chairman Le Hoang Quan on Monday as part
of her visit to
The
Notably,
companies from
British
firms are also strong in project management. Besides, institutes and
educational institutions in
In the
coming time, the city will send a delegation to the
HCMC
Chairman Quan said traffic infrastructure projects including metro lines are
among the top priorities of the city as they will help ease traffic
congestion. Therefore, the city needs a huge amount of capital, an estimated
US$60 billion or more, for transport development from now to 2020.
The
Lord Mayor is scheduled to meet high-ranking Vietnamese officials and
policymakers during her trip to the country.
New
tours connecting Phu Quoc and Singapore
Tourists
in HCMC next month will have the opportunity to buy new tours that take them
to beautiful beaches on
The
new tours connecting the two islands are arranged by Saigontourist Travel
Service Company after the national carrier Vietnam Airlines launches a new
international service connecting Phu Quoc and
Saigontourist
said it has collaborated with the national air carrier and local partners to
design these tours comprising a five-day tour taking in HCMC, Phu Quoc and
The
former, which costs VND12.5 million and kicks off on November 6, will help
tourists enjoy a new experience with both swimming and shopping. Meanwhile,
the latter, which is priced at VND10.5 million and first departs on November
6, will bring convenience to travelers thanks to its direct flight without a
stopover in HCMC.
Besides,
the travel firm has announced new services for its customers in Phu Quoc,
such as visiting and swimming at Sao beach, and discovering
Saigontourist
stated that it will offer a discount of VND500,000 on the first ten customers
booking these tours by calling 0916 466 268 or visiting
www.dulichthu-dong.com.
VND24.5
trillion needed for Trung Luong-Can Tho expressway
The
cost for building Trung Luong-Can Tho Expressway linking
In its
report recently sent to the Ministry of Transport, the company, shortly known
as Cuu Long CIPM, said the expressway project will include two sections.
The
company suggested spending more than VND17 trillion on stage 1A of the first section,
including the 54.3-kilometer Trung Luong-My Thuan Expressway and a 6-km
approach road.
According
to its plan, Trung Luong-My Thuan expressway section will have four lanes,
including two lanes for vehicles to move at the highest speed of 80 kilometers
per hour and the other two allowing for vehicular speed of 40 km per hour
without a median strip in between.
Earlier,
the Bank for Investment and Development of Vietnam (BIDV) was assigned as
investor of the Trung Luong-My Thuan section. The bank returned the project
after two years due to financial difficulties, and Cuu Long CIPM was selected
to replace it.
The
site clearance process was finished on this section in 2009, and the
Government Office is collecting opinions from the ministries of planning-investment
and finance on the project progress.
Cuu
Long CIPM also suggested investing in the 1A stage of the My Thuan-Can Tho
expressway section, comprising 32.2 km of expressway and 7.82 km of approach
road, with a total investment of VND7.5 trillion.
This
section will include the 4-km My Thuan 2 Bridge, which is around 400 meters
away from the current My Thuan Bridge. The company is calling for investment
in this bridge project so that it can be started at the same time with the My
Thuan-Can Tho expressway project.
Trung
Luong-My Thuan and My Thuan-Can Tho expressway sections are two among three
parts of the HCMC-Can Tho Expressway. The other section is 40-km HCMC-Trung
Luong Expressway which has been put into use since February 2010.
Nam
Dinh, Japan’s Ibaraki boost industrial, agricultural ties
Chairman
of the People’s Committee of northern Nam Dinh province Doan Hong Phong had
an October 7 working session with Mayor of Japan’s
Phong
proposed that
He
also urged the prefecture to encourage its businesses to invest in machinery
manufacturing, pharmaceuticals, agricultural and aquatic product processing,
and electronics in the locality.
Nam
Dinh is ready to reserve one to two industrial zones with favourable positions
for businesses from
According
to the provincial leader, Nam Dinh is calling for coordination from
He
also asked the Japanese side to support Nam Dinh in training of high-quality
human resources.
For
his part, Hashimoto Masaru said that agriculture is still a priority in
cooperation between the two localities.
During
this visit, the prefecture will consider collaboration with several
Vietnamese localities, including Nam Dinh in the north and Dong Thap in the
south, he added.
The
Woolf,
who was on a three-day visit (Oct 5-7) to Viet Nam, was accompanied by a
delegation of leading British businesses, who met with politicians,
policymakers and business professionals in Viet Nam to exchange opinions on
how to improve sustainable growth in both countries.
Key
areas of discussion included opportunities for collaboration arising from
foreign direct investment on infrastructure projects, professional and
vocational skills training, intellectual capital, Public-Private Partnership
projects, and the proposed
Woolf
said: "The
She
said the
"The
Prior
to her visit to
Ariston
Thermo opens training academy
Italian
heating and appliance manufacturer Ariston Thermo Group opened
As the
first in-house training facility established in
The
first training course will include 150 trainees from Ariston distributors and
supermarkets.
Ariston
Thermo Group opened its second-largest Asian production facility in
HCMC
housing market shows clear signs of recovery
Residential
real estate sales are pushing
In the
third quarter of the year alone, the number of real estate closings jumped
29% against the second quarter, with the total number of sales estimated at
3,280, according to the nation’s largest real estate agency.
A
recent Savills research report indicated that 10 residential real estate
projects in the city are offering 4,600 single family residential units for
sale, 19% higher than Q2 and up 103% since the beginning of the year.
The
research report forecasts that during the period 2015-2017, the real estate
market will continue to rebound with over 95 projects offering 70,100 single
family residential units for sale.
Vietnam
rice exports to rise by 6%: FAO
The
United Nations Food and Agriculture Organisation (FAO) has predicted that
The
organisation attributed the increase to the country's rising paddy yield and
the rising demand of Asian markets, including
FAO
estimated
The
country is in the summer-spring and autumn-winter harvest seasons, and FAO
estimated paddy yields during these seasons would inch down against that of
the same period last year, following the Government decision to use some
rice-producing areas for the cultivation of other crops.
The
Ministry of Agriculture and Rural Development (MARD) reported that Vietnamese
rice exports in the past nine months reached 5.02 million tonnes worth US$2.3
billion.
In
September alone, the nation exported 524,000 tonnes of rice worth US$249
million.
Wholesale
rice prices in the domestic market continuously increased for three consecutive
months, including last month because of rising import demand, especially from
A
tonne of rice with 25-per cent broken rice grain content was priced at
US$400, a 21-per cent increase against that of September last year.
The
United States Department of Agriculture predicted that
Local
firms grasp opportunity to boost exports to Austria
Trade
between
As a
case in point, in the first week of October, a delegation of 12
representatives from Austrian businesses made a fact-finding tour of
They
specifically limited the focus of their tour to a relatively small number of
market segments in areas for which they possess export strengths including
dietary supplements, waste treatment, banking and finance.
Meanwhile,
they also gathered information on Vietnamese export strengths with an eye to
identifying mutually beneficial trade and cooperation opportunities.
The
General Department of Vietnam Customs reports that
In the
seven months leading up to August, exports to
There
is a tremendous potential and opportunity for Vietnamese businesses to boost
exports to
Vice
Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Nguyen The
Hung in turn says bilateral trade relations between the two countries in
recent years has witnessed significant expansion.
The
nation’s exports to
Two-way
trade turnover just reached US$139.8 million in 2005, of which Vietnamese
exports were US$88.9 million. It skyrocketed to US$1.9 billion in 2013,
making
Leading
market analysts say
The
fish originated from the DL 308 Factory of Hung Vuong Corporation (HV Corp.)
and were shipped to
Earlier,
CBRE
report hails home sales in south as confidence rises
According
to CBRE’s latest report, as sales improve and buyers’ confidence increases,
developers have become more and more confident launching their products.
Well-attended
launches continued to enjoy high sales results in the third quarter, although
the number of new launches went down 8.8 per cent due to Ghost Month (from
July to August).
CBRE
noted that with 3,104 units launched, supply in the third quarter went up
95.8 per cent compared to the same period last year.
Thanks
to improving market conditions, prices on both the primary and secondary
markets in the third quarter started to show tentative improvement against
the second. Primary prices increased from 1 to 4 per cent compared to the
last quarter and 1.2 to 5.4 per cent compared to the same period last year
across all segments.
The
most noticeable improvement was in District 2, thanks to infrastructure
improvements such as Metroline No.1.
On
another note, the increase in tenants looking for buy-to-let options
bolstered high-end apartment prices.
However,
in general the high-end segment showed a more positive picture than the other
segments as resellers easily found tenants confident in capital gains.
According
to Duong Thuy Dung, head of CBRE’s Research and Consulting Department, sales
volumes continued to rise with deposits put down on 50-70 per cent of units.
Preliminary figures showed that sales volume increased by 8.6 per cent
on-quarter and 94.8 per cent on-year to approximately 3,300 units sold.
While
the affordable segment continued to rise, the number of units sold in the
high-end segment as a whole was relatively modest.
Buyers
at high-end developments comprised a high proportion of either buy-to-let or
capital gain investors that are often superstitious about selling or buying
houses during Ghost Month. In contrast, end-users, and especially those on a
limited budget, buy a house at whatever point they are able to access
financing.
“It
has been a long seven year slog with disappointments and broken promises on
house delivery. However, recent positive sales results and busy launch events
suggest that we have may arrived at a point where the worst of the market is
behind us,” Dung added.
Inflation
rate stands around 3-4% in 2014
The
National Financial Supervisory Commission (NFSC) forecasted that this year's
inflation only stands around 3-4%.
As of
September this year, the inflation continued to remain at a low level within
the recent two years. The education service increasing by 7.17% led to the
highest inflation over the past seven months.
In
September, the inflation rose by 2.25% compared to the last month of 2013 and
a year-on-year increase of 3.12%.
The
Gross Domestic Product (GDP) is expected to grow at 5.8% in 2014.
Over
the past nine months of 2014, the Industrial Production Index saw an increase
of 6.4% in comparison with the same period last year, of which the processing
and manufacturing industry was up 8.2% and the electricity production and
distribution up 11.2%.
The
export and import turnover increased 13.2% and 12.1%, respectively, resulting
in a trade surplus of US$1 billion, accounting for 0.9% of the export turnover.
Transport
Ministry finishes equitization of ten corporations
The
Ministry of Transport said that equitization of ten state-own enterprises had
been done in September as per schedule and the process was on schedule to
other enterprises.
After
being equalized, Civil Engineering Construction Corporation Companies No.4
and No.1 and Transport Engineering Design Company have better operated,
increasing income for their workers.
The
equitization results in 7,737 redundancies from Vietnam National Shipping
Lines and the Shipbuilding Industry Corporation.
In the
first nine months, the ministry ordered relevant agencies to withdraw VND375
billion (US$17.70 million) from 23 companies belonging to six corporations.
The
ministry said it would continue instructing preparation for equitization of
the rest 21 enterprises by the end of this year, striving to reduce the
number of state-own companies to 16 by 2015.
New
decree reduces 88 tax payment hours
Tax
declaration time for businesses will reduce 88 hours per year as the Prime
Minister has issued Decree 91, simplifying procedures on tax management,
business income tax, value added tax and personal income tax.
According
to Minister of Finance Dinh Tien Dung, value added tax declaration will
reduce from 12 times every year to only four times per year as the new decree
permits enterprises to do it quarterly instead of monthly.
The
regulation will be applied to enterprises with annual revenue of VND50
billion and lower in the previous year.
Similarly,
businesses will declare business income tax annually in stead of quarterly,
cutting the declaration time from five to only one per year.
After
the decree 91 takes effect on November 15, tax payment time will drop 88.36
hours per year. Of these, value added tax takes less 41.36 hours and business
income tax reduces 47 hours.
Earlier,
the Ministry of Finance has released Circular 119, modifying seven tax
circulars to facilitate tax payment for businesses. The circular has taken
effect since September 1 and reduced 201.5 hours spent on tax procedures
every year.
Two
shipping routes opened to ease pressure on roads
Two
new seamless coastal shipping routes, connecting central Quang Binh province
and southern Kien Giang province, officially opened on October 5.
Deputy
Director of Vietnam Inland Waterways Administration (VIWA), Tran Van Tho,
said that three months after the Ministry of Transport (MoT) put the coastal
shipping route from northern Quang Ninh province to Quang Binh into
operation, the sea route helped ease pressures on road transport, in addition
to reducing traffic accidents, protecting transportation infrastructure, and
reducing freight costs.
For
that reason, the MoT has decided launch two sea routes from Quang Binh to
Kien Giang (Quang Binh-Binh Thuan and Binh Thuan-Kien Giang routes) with a
total length of 1,560km, Tho revealed.
Surveys
by the VIWA showed that there was a large demand for freight transport on
these routes. Annual freight volumes transported among the Mekong Delta
provinces alone was estimated at 51.5 million tonnes per year. Meanwhile in
Speaking
at the launch, Deputy Minister of Transport, Nguyen Van Cong, said that
coastal shipping routes were among solutions to enhance transportation
methods in a bid to reduce pressure on road transport and inventories at
ports.
HCMC
greets new Samsung complex
Samsung
Electronics’ investment story in
The
new project, named Samsung CE Complex, will feature research, development,
and production of hi-tech consumer electronics products and equipment, the
Located
at the Saigon Hi-tech Park, the project will be divided into two stages, the
first will focus on production of consumer electronics such as TVs and LEDs
while the second will start production of other consumer electronics
products.
Samsung
has announced that the construction of the project will commence in January
2015 and operations will start in the first quarter of 2016.
“This
is Samsung Electronics’ newest project in
The
new investment will increase Samsung Electronics’ total committed capital in
the country to nearly $10 billion, with three manufacturing bases in the
The
project is also a reaffirmation of the company’s announcement that
“Receiving
the investment certificate for the Samsung CE Complex is a new milestone on
Samsung’s
Along
with the Bac Ninh SEV and Samsung Hi-tech Thai Nguyen SEVT complexes, the new
project will bring
Samsung
Electronics made its first investment in
As the
result of its expansion in
The
South Korean group’s revenues in
Interest
rate risks hide behind home loans in
Many
banks are offering credit packages that allow homebuyers to borrow up to 70
percent of the value of the apartment they want to purchase, but there are
risks behind these seemingly attractive lending plans.
When
he was told about one such credit package, Le Van Lam eagerly visited several
banks to learn more about a home loan that could help him buy a VND1.4
billion (US$65,895) apartment in Tan Phu District,
Lam,
who works for a construction material firm in the city, said he and his wife
needed to borrow VND900 million ($42,361), as they had saved up VND500
million ($23,534).
Employees
at one of the banks told Lam that he had three loan plans to choose from, all
of which have a 15-year term.
The
first plan offers a zero interest rate for the first month of the loan term,
and two percent a year for the next 11 months. Starting from the second year,
the lending interest will be the 13-month deposit interest rate at that time,
plus a fixed 4 percent a year.
Under
another plan, the loan would have a fixed 8 percent a year interest rate for
the first six months, and then 12 percent a year for the next six months. The
interest rate for the second year would be the 13-month deposit interest rate
at that time, plus a fixed 5 percent a year.
This
means if the deposit interest rate for a 13-month saving is 6.6 percent, the
lending interest Lam would pay in the second year of his prospective loan
would be 10.6 percent a year under the first plan, and 11.6 percent in the
second one.
“What
worried me was that we do not know how the deposit interest rates would
change in the next 15 years,” Lam said.
The
low interest rates of seven or eight percent are only applied for a short
period of time, and it is dangerous that there are no fixed interest from
that point on, he added.
Lam
eventually decided to delay his plan to buy an apartment, fearing that he may
“incur bankruptcy and lose the apartment” with such home loans.
Taking
out bank loans and amortizing the debt is the most feasible solution for
people with decent income to be able to afford an apartment in
But
for Vo Ho Thuc Doan, choosing this solution means living under pressure for
15 years, thanks to the burden of clearing a loan.
The
32-year-old white-collar worker obtained a VND620 million ($29,182) home loan
to buy a VND920 million ($43,302) apartment.
Since
last December, Doan has had to pay around VND11 million ($518) a month to
clear her debt.
“I
have to set aside this amount every month, no matter what happens,” she said.
“As
life is full of things we don’t expect, there were months when the payment
date was near while I did not have enough money.”
Nguyen
Khoa, a public servant in
In
2010, Khoa had to put his apartment up for sale so he could repay the home
loan he had borrowed for the property.
While
he was able to pay VND10 million ($471) a month to clear the debt at 12
percent a year in 2008, the interest rate rose to 18 percent a year in 2010,
thus doubling the monthly amount he had to pay.
“We
had to sell our house, as we could not afford VND20 million ($942) a month,”
he said.
Government
proposes using state budget to settle SOEs’ bad debts
The
government has sent a proposal to the National Assembly Standing Committee on
using funds from the state budget to settle the bad debt of state-owned
enterprises (SOEs) despite earlier statements to the contrary.
The
Ministry of Planning and Investment submitted the proposal to the National
Assembly Standing Committee on behalf of the government in a report on the
national economic restructure.
According
to a report released by the National Financial Supervisory Commission late in
2013, by the end of 2012, the bad bad debt held by SOEs, excluding Vietnam
Shipbuilding Industry Group (Vinashin), now known as the Shipbuilding
Industry Corporation (SBIC), accounted for 11.8% of
Meanwhile,
at earlier National Assembly sessions, the government said that state funds
would not be used for dealing with the bad debts held by SOEs. So, the
government approved the launch of Vietnam Asset Management Company (VAMC) as
a solution to the problem.
Recently,
at a NA Q&A session, Nguyen Van Binh, governor of State Bank of Vietnam
(SBV) also affirmed that VAMC will not use the state budget for the bad debt
settlement.
The
SBV has recommended that the government raise the registered capital of VAMC
to VND2 trillion (USD95.23 million) from the current VND500 billion (USD23.8
million).
Binh
added that the VAMC has bought VND800 billion (USD38.1 million) of bad debts
compared to its registered capital of just VND500 billion, showing the
financial capacity of the of the firm to be weak.
The
governor noted that basically the government agreed on raising the registered
capital of VMAC to VND2 trillion next year.
SOEs
in city divest VND4.7 trillion
Fourteen
State-owned enterprises (SOEs) in HCMC are expected to divest a total of
nearly VND4.74 trillion in the 2014-2015 period from non-core operations.
Over
VND1.55 trillion will be divested this year while next year’s amount will be
some VND3.18 trillion, according to an updated report by the HCMC government
on restructuring of public investments, SOEs and the banking system in the
city.
The
divestment progress of SOEs in HCMC will be speeded up this year and next and
enterprises will focus on withdrawing their capital previously poured in the
sectors of banking, stock, insurance, real estate and investment funds.
According
to the city’s SOEs restructuring plan approved by the Prime Minister two
years ago, the city will maintain 12 enterprises wholly owned by the State
and let 77 others go public. There will be 31 enterprises turning
shareholder-owned in the 2013-2015 period and the number of enterprises to be
equitized after 2015 will be 48.
HCMC
expects to see 15 enterprises finishing equitization this year, with two
units having completed their schemes so far. The city government will give
approval for the equitization plans of 11 enterprises this month.
According
to the city government, the equitization next year will be more advantageous
as SOEs have prepared themselves better than those undergoing equitization
this year.
Revenues
of SOEs are not stable and tend to decline sharply. SOEs generated VND157.37
trillion in revenue in 2011, VND122.51 trillion in 2012 and VND84.74 trillion
last year.
More
incentives for SMEs in supporting industries
A new
decree on developing supporting industries will help small and medium
enterprises (SMEs) easily approach incentives, an official said at a seminar
in HCMC last week.
Truong
Thanh Hoai, deputy head of the Heavy Industry Department under the Ministry
of Industry and Trade, told the seminar that though the Government issued two
decisions effective three years ago to develop supporting industries,
enterprises have yet to get access to incentives.
Truong
Thi Chi Binh at the Industrial Policy and Strategy Institute under the
ministry said Decision 12 of the Government caused a big disappointment for
firms as the incentives in the decision were the same as provided for in prevailing
policies and did not show clearly the list of priority products.
Besides,
the decision regulates that to enjoy incentives, projects must be approved by
the Prime Minister. As such, there was only one foreign firm enjoying the
incentives after three years implementing the decision.
In
drafting the new decree, according to Hoai, it is suggested that the
competence in evaluating and approving projects be transferred from the
central Government to authorities in localities.
In
addition, Hoai noted that the support for textile-garment enterprises should
focus on non-financial assistance, such as technology transfer and
environmental costs, instead of financial leverage as before.
The
new decree is expected to be submitted to the Government next month for issuance
later this year.
The
decree will add more incentives related to corporate income tax, and
regulations on constructing zones for supporting industries with an aim to
attract foreign multinational groups.
Many
public investment projects lack supervision
Up to
40% of the public investment projects nationwide have not been supervised by
relevant State agencies and quality management entities in accordance with
exisiting regulations, according to the head of the Investment Supervision
and Appraisal Department under the Ministry of Planning and Investment.
Nguyen
Xuan Tu told a seminar on building strategies for supervision and evaluation
of public investments in
Tu
said 40% of the public investment projects have not monitored and this is a
major concern.
“This
means using the State budget at many projects has not been reported but these
projects are still implemented (by ministries, agencies and localities)
though there are punitive sanctions for this,” he said.
This
is why public investments have not been effective in the past year, Tu said
and added that ministries and even the Prime Minister do not know well about
the projects funded by the State budget as the developers and investors do
not report the implementation of these projects.
Tu
pointed out that a number of public investment projects have been delayed for
a decade despite annual capital disbursements. He expected the Public
Investment Law will help improve the situation when it takes effect next
year.
The
Government has deployed a monitoring and assessment system for public
investment projects but this system can cover only 10,000 out of the nearly
40,000 projects. The Government will be able to keep track of all these
projects when the system is updated.
Random
and ineffective public investments remain a headache though the Prime
Minister has ordered restoring the situation through Directive 1792.
According to a recent report by the State Audit of Vietnam, many ministries
and localities have used the State budget for their projects without careful
consideration.
The
localities allocating finances to the public investment projects which are
not urgent include
Source:
VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VIR
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Thứ Năm, 9 tháng 10, 2014
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