US$ 4.5 billion thermo-electric power plant built in Nam Dinh

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Deputy Prime Minister Hoang Trung Hai, has given approval to the project of a thermo-power plant, based in Nam Dinh, at the cost of US$ 4.5 billion. Expected to be in operation for 25 years, the power plant will be built by Korea's Taekwang Vina Industrial Company, the BOT contractor of investor Hashinco. Located on an area of 251ha in Hai Hau district, the first phase of the power plant, capable of 1,200MW, will be completed by 2017 and its capacity will be doubled by 2021 when the second phase will be completed. At present, Taekwang Vina is negotiating with relevant agencies to secure reasonable electricity prices. Source: Vnexpress Translated by Hoang Anh … [Read more...]

Nam Dinh vows to support RoK investor in power project

The authorities of the northern province of Nam Dinh pledged to help the Republic of Korea's Taekwang Vina Industrial Company to solve difficulties and speed up the implementation of its thermo-electric power project in Hai Hau district. Chairman of the provincial People's Committee Nguyen Van Tuan made the affirmation at a working session with Taekwang Chief Representative Park Hyang Soo on September 6. According to the provincial leader, the project has seen many favourable conditions as it won the backing of local people and the Government's approval for its purchase of domestic coal. He suggested Taekwang immediately inform the province about any difficulty so that the two sides can work together to deal with it. The RoK company submitted a pre-feasibility plan for the project in January this year and hopes to receive a license by the end of 2012. The Nam Dinh thermoelectric power plant, with a total investment of US$4.5 billion, will be built in Hai Chau and … [Read more...]

Deputy PM Hai urges site clearance for Da Nang-Quang Ngai Expressway

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Deputy PM Hoang Trung Hai is inspecting construction of the Da Nang-Quang Ngai Expressway. NDO - Deputy Prime Minister Hoang Trung Hai has urged the two central provinces of Quang Nam and Quang Ngai to speed up site clearance to ensure the timely completion of the Da Nang-Quang Ngai Expressway. The Deputy PM said authorities should focus on resolving land disputes in areas which the expressway runs through to avoid legal and financial obligations in the future whilst he was inspecting construction progress on July 1. He also asked the Ministry of Transport to form protective measures to ensure the expressway is not affected by flooding in this flood-prone hotspot. Construction of the 140-kilometre long Da Nang-Quang Ngai Expressway is 87% complete however more than 20.5 kilometres of the road has not yet been cleared due to disputes and slow construction of settlement areas for displaced residents. Lack of counterpart funding worth around VND1.2 trillion (US$55.2 million) is … [Read more...]

Only 1% of Vietnamese enterprises investing in agriculture: ministry

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Only one percent of Vietnamese firms are investing in the agricultural sector although Vietnam is often assessed as a country with a lot of advantages in agriculture in Southeast Asia, the Ministry of Agriculture and Rural Development said at a conference in Hanoi. Given the current situation, there are three bottlenecks barring the sector from developing, the ministry remarked at the event held on Sunday. They include the lack of capital for large-scale agricultural projects, the absence of agility and market connectivity for agro-products, and the low value added status of almost all agro-products of Vietnam due to the insufficiency and inefficacy in applying science and technology in planting and processing, according to the ministry. The attraction of foreign direct investment (FDI) in agriculture is also on a downslide. By the end of last year, there were only 512 FDI projects in agriculture, forestry and fishery, with a total registered capital of US$3.39 billion, … [Read more...]

Deputy PM Hoang Trung Hai inspects progress of Da Nang-Quang Ngai highway project

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(VOVworld)- On Wednesday, Deputy Prime Minister Hoang Trung Hai and a government working delegation inspected progress of the Da Nang- Quang Ngai highway project. At a meeting with the project management board, leaders from Quang Ngai, Quang Nam province and Da Nang city and stakeholders, the Deputy Prime Minister praised their efforts in land clearance and project implementation. He stressed the need to accelerate the progress of bidding packages and asked the Vietnam Highway Development and Investment General Company to closely monitor the quality of the project. Under the project, a 139 km highway will be built from Da Nang to Quang Ngai with investment capital of 34.5 trillion VND. … [Read more...]

Social News 1/7

Landslides, high tides unpredictable in HCMC The HCMC Department of Agriculture and Rural Development said landslides and high tides are hard to predict this rainy season due to rapid urbanization and illegal constructions by rivers and canals in the city. Tran Cong Ly, deputy director of the department, said rampant constructions and waste discharges along the banks of rivers and canals in the city have narrowed water flows, and stronger water currents would cause landslides. In addition, the exploitation of sand from the riverbeds at the Saigon and Dong Nai rivers could worsen erosion. After the early-season rains, a landslide in an area of 510 square meters along the Muong Chuoi River in Nhon Duc Commune, Nha Be District damaged three homes and the power and drainage system sections in this outlying district, according to the district’s urban management office. The office now has a 600-meter embankment section of the river consolidated to prevent damage for more than ten … [Read more...]

Corporate investments in agriculture meager

Deputy Prime Minister Hoang Trung Hai (C) speaks at a conference on agriculture investment promotion in Hanoi on Sunday - PHOTO: THUY DUNG

Thuy Dung Minister of Agriculture and Rural Development Cao Duc Phat told the conference on investment promotion for agriculture that though many supporting policies have been issued to attract investors to agriculture, investments made by private firms in the sector have remained insignificant. Data of the ministry showed that last year the proportion of corporate investments in agriculture made up only 1.01% of the total number of operational enterprises nationwide. However, these enterprises were mainly of small size and the investors whose capital was smaller than VND5 billion accounted for 55%. From 2008 to 2013, 3,486 agricultural enterprises were established but nearly 475 of them were dissolved. Besides, most of the exisiting enterprises exploited natural resources and did not invest much in high technology and modern equipment. Phat bemoaned that loose cooperation among enterprises, scientists and farmers has hindered agricultural development. According to … [Read more...]

Quang Tri provided with 28 billion VND to prevent drought

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Crops are dried up. (Photo: VNA) Deputy Prime Minister Hoang Trung Hai has recently approved the provision of 28 billion VND (1.3 million USD) for the central province of Quang Tri to mitigate drought impacts. The Deputy PM requested the Ministry of Finance promptly handle the issue under regulations and collaborate with the Ministry of Agriculture and Rural Development (MARD) to sum up the financial requirements to limit drought impacts in localities, including Quang Tri. The MARD has been requested to collaborate with relevant agencies to consider and propose policies to implement crop shifts in coping with climate change. The Deputy PM also instructed Quang Tri authorities to continue taking measures to prevent hunger and illnesses caused by dehydration. According to the Quang Tri provincial People’s Committee, the summer-autumn crop’s yield is estimated to reach 18,500 hectares, only 83 percent of the previous years’ yield. Currently, about 10,000 … [Read more...]

Encouraging private business investment in agriculture

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(VOVworld)- Vietnam’s agriculture boasts great potential for investment. In recent years, thanks to government incentives, domestic economic groups have shifted their investment capital to agriculture, signaling good prospects for the national economy. The government and the Prime Minister have paid great attention to fine-tuning policies and mechanisms to encourage enterprises to invest in agriculture and rural areas. In the last two years, the government issued two resolutions to improve the business climate. The government also approved a Project on Agricultural Restructuring in 2013 to encourage enterprises to participate in restructuring the agricultural sector and its production method. Positive signs of enterprises’ investment in agriculture As in other ASEAN countries, Vietnam’s agricultural sector has not attracted much investment from enterprises. According to the Ministry of Agriculture and Rural Development, private enterprises have succeeded with … [Read more...]

Attracting more business to invest in agriculture

Deputy PM Hoang Trung Hai makes a speech at the conference

The Hanoitimes - Ministry of Agriculture and Rural Development (MARD) and the World Bank co-organised a conference discussing measures to boost investment in agriculture in Hanoi on June 28. Speaking at the conference, Deputy Prime Minister Hoang Trung Hai highly praised at the MARD's establishment of a working group with the participation of its management agencies and 30 key enterprises to attract agricultural investments. The Deputy PM said challenges have become greater for agricultural development as Vietnam will enter a variety of free trade agreements. The Deputy PM also urged agro-businesses to produce more quality products and pay more attention to the interests of the community in order to gain consumer confidence. Deputy Prime Minister Hoang Trung Hai said the Government would focus its investments on agricultural infrastructure, including irrigational works and rural traffic to serve agricultural development. Representatives of the World Bank and many companies … [Read more...]

Seminar discusses measures to increase investment in agriculture

Deputy PM Hoang Trung Hai affirms the government’s support to companies in encouraging them to increase investments in agriculture and rural development. (Image credit: VGP)

NDO – Measures on investment promotion for agriculture were discussed at a seminar held by the Ministry of Agriculture and Rural Development (MARD) in collaboration with the World Bank (WB) in Hanoi on June 28. Speaking at the event, Minister of Agriculture and Rural Development Cao Duc Phat stressed that the government has focused on finalising mechanisms and policies to support economic sectors to invest in agriculture and rural development. Most notably, in 2014 and 2015 the government issued two resolutions to further promote the improvement of the agricultural business environment. The MARD also established a working group with the participation of its management agencies and 30 key enterprises to attract agricultural investments. Thanks to efforts from the government and business community, investments made by private businesses in the area had increased by 1.9 times from 2009-2013. The number of companies investing in agriculture rose from around 2,400 in 2007 to … [Read more...]

Conference seeks more investment in agriculture

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Processing cashew nuts for exports in southern Binh Duong province (Photo: VNA) Private enterprises have succeeded with their agricultural investments, but their progress still lags behind their true potential and the demand for development in the sector, a conference was told in Hanoi on June 28. Minister of Agriculture and Rural Development Cao Duc Phat noted that investments by private businesses in the area had increased by 1.9 times from 2009-13. The number of companies investing in agriculture rose from around 2,400 in 2007 to 3,635 in 2013, an average growth rate of 13.8 percent per year. Private firms accounted for nearly 90 percent of the figure, creating jobs for some 265,000 workers. Companies such as Vinamilk, TH Truemilk, Minh Phu Seafood and property developer Hoang Anh Gia Lai have become locomotives driving high-tech application and market expansion in the agricultural sector in many localities. Real estate giant Vingroup, major telecommunications service … [Read more...]

Businesses move into farms slowly

HANOI (VNS) — Private enterprises have succeeded with their agricultural investments, but their progress still lags behind their true potential and the demand for development in the sector, a conference was told in Ha Noi yesterday. Minister of Agriculture and Rural Development Cao Duc Phat said that investments by private businesses in the area had increased by 1.9 times from 2009-13. The number of companies investing in agriculture rose from around 2,400 in 2007 to 3,635 in 2013, an average growth rate of 13.8 per cent per year. Private firms accounted for nearly 90 per cent of the figure, creating jobs for some 265,000 workers. Companies such as Vinamilk, TH Truemilk, Minh Phu Seafood and property developer Hoang Anh Gia Lai have become locomotives driving high-tech application and market expansion in the agricultural sector in many localities. Real estate giant Vingroup, major telecommunications service provider Viettel and multi-sector business group FLC have also … [Read more...]

Vietnam gov’t scraps Singaporean-modeled industrial park project on Phu Quoc Island

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The government of Vietnam last week put an end to the development of a Singaporean-modeled industrial park on Phu Quoc Island off the Mekong Delta province of Kien Giang, without citing a reason. The move is part of Decision No. 868 / QD-TTg on approving the partial adjustment of the planning for construction and development of the southern island until 2030, which was signed by Deputy Prime Minister Hoang Trung Hai on June 17. Also according to the document, the Ministry of Planning and Investment was assigned to inform the Singaporean partner undertaking the planning work for the Vietnam-Singapore Industrial Park (VSIP) project on the island. Before that, in early 2014, senior officials of the Kien Giang People's Committee met with the Binh Duong Province-based Corporation of Investment and Industrial Development (Becamex IDC), the Vietnamese partner participating in all VSIP projects nationwide, on the construction of a complex including the VSIP on Phu Quoc Island. … [Read more...]

Social News 24/6

Students enjoy wildlife summer camp Nearly 40 university students from HCM City, Ha Noi, Can Tho and Ba Ria-Vung Tau Province attended the Wildlife Summer Camp 2015 which ended yesterday (June 22) at Wildlife At Risk's (WAR) Hon Me Wildlife Rescue Station. The camp is an annual programme, launched by WAR in June 2013 that calls on youth to conserve and protect wildlife. It raises awareness and skills about conservation, and creates opportunities for students to contribute to wildlife conservation. The students worked with WAR staff to prepare food for rescued wildlife, including the yellow-cheeked crested gibbon, loris, moon bear and Siamese crocodile. They also painted enclosures, cleared grass and grew over 100 wildlife food plants including banana and papaya. They also learned skills related to wildlife conservation jobs, such as surveying in the forest, setting up a camera trap, taking photos and creating a video clip about wildlife protection. Typhoon brings rain, saving … [Read more...]

PM to supply province 500 tonnes of rice

Nearly 500 tonnes of rice will be provided for Dak Lak Province to help it manage the shortage of food between harvests this year. - VNA/VNS Photo Dinh Hue

HA NOI (VNS) – Prime Minister Nguyen Tan Dung has ordered the Ministry of Finance to supply Dak Lak Province with nearly 500 tonnes of rice. This ration is intended to help the province manage the shortage of food between harvests this year. According to the provincial People's Committee, the prolonged drought has seriously impacted the crop output, especially for wet crops, such as rice. As a result, many households are facing a state of critical hunger, particularly impoverished households or those living in underprivileged areas and ethnic minority groups. The People's Committee reported that there were more than 8,700 households in the Tay Nguyen (Central Highlands) province, or 32,833 people, with insufficient food supplies. In another development, Deputy Prime Minister Hoang Trung Hai has recommended continuing efforts to deal with droughts and soil salinity in the central coastal provinces, according to the Government Office. The Deputy PM has required the Central … [Read more...]

Anti-drought actions continue in central coastal provinces

Deputy Prime Minister Hoang Trung Hai has recently requested continued efforts to mitigate drought and saltwater intrusion, which annually occur across central coastal provinces. He assigned the National Steering Committee for Natural Disaster Prevention, the Ministries of Agriculture and Rural Development; Natural Resources and Environment; and Industry and Trade to direct relevant agencies and drought-prone localities to protect summer-autumn crops from the drought this year. Municipal and provincial authorities were asked to promptly assist households that lack food and clean water. The Ministries of Health, and Agriculture and Rural Development ought to guide affected residents how to prevent diseases and epidemics. Since the end of 2014, a severe drought has wreaked havoc on many central coastal provinces, which is widely considered the worst occurrence in the last decade.-VNA … [Read more...]

Relations between Vietnam and ADB on the rise

Deputy Prime Minister Hoang Trung Hai (L, white shirt) meets with ADB Country Director Vietnam Tomoyuki Kimura (R, back) at a meeting in Hanoi, June 22, 2015. (Photo: VGP)

(VOVworld) – Deputy Prime Minister Hoang Trung Hai has praised contributions by outgoing ADB Country Director Tomoyuki Kimura to enhancing co-operation between Vietnam and the Asian Development Bank (ADB). At a reception Monday in Hanoi for Mr. Kimura, Mr. Hai affirmed the increasingly important role of ADB in Vietnam’s socio-economic development, especially in poverty reduction and clean water supply. He expressed his wish that after his successful tenure in Vietnam, Kimura will continue to develop the bilateral ties in his new position. … [Read more...]

Government News 23/6

NA approves law on promulgating normative legal documents National Assembly (NA) deputies adopted the law on promulgating normative legal documents and the resolution on lump-sum social insurance payments for workers at the NA’s ninth session on June 22. Lawmakers also exchanged views on the Maritime Code of Vietnam with a focus on maritime development policies, State management on maritime issues, maritime inspections and banned maritime activities. Issues relating to seaports and ships were also under discussion. They then scrutinised the draft revised Law on Statistics. State statistics activities, bans on statistics collection and the use of statistics data, and international cooperation in statistics were among the opinions of deputies. On June 23, the NA will continue its plenary sitting, debating the draft revised law on administrative litigation and the draft law on referendum. Deputy PM receives outgoing ADB Country Director Deputy Prime Minister Hoang Trung Hai … [Read more...]

Breakfast @ Tuoi Tre News – June 23

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What you need to know about Vietnam for today: Politics -- Prime Minister Nguyen Tan Dung met Myanmar President Thein Sein in Naypyidaw on Monday, when they declared determination to boost bilateral trade between the two countries to US$500 million this year. -- Vietnam’s law-making National Assembly passed Monday a resolution on lump-sum social insurance payments for workers during its ninth session in Hanoi. Society -- Vietnamese Deputy Prime Minister Hoang Trung Hai underlined the increasingly important role of the Asian Development Bank (ADB) in poverty reduction and clean water supply for Vietnam, as he received the outgoing ADB country director, Tomoyuki Kimura, in Hanoi on Monday. -- A 47-year-old man was driving an engine boat on the Trem River in the southernmost province of Ca Mau during a heavy downpour on Monday morning when he was struck to death by a lightning bolt. -- Although Tropical Storm Kujira, the first to hit Vietnam this year, weakened into a … [Read more...]