Illegal sand mining affects River Cua Luc’s ecology

Boats are mining sand illegally day and night in the River Cua Luc, near the world heritage site of Ha Long Bay in Quang Ninh. — Photo vietnamplus.vn

HA NOI (VNS) — Several boats are mining sand illegally day and night in the River CuaLuc, near the world heritage site of Ha Long Bay in Quang Ninh. The site is about 200m from Hon Gac Island, borderingthe three wards of Ha Long City, which are Cao Xanh, Gieng Day and BaiChay. The site has not been inspected by any local authority or environmental police so far. Local people told a representative of the Vietnam News Agency (VNA)based in Quang Ninh Province that more than 30 boats mined sand illegally day and night during the past month. Pham Van Hung, the owner of one of these boats, said he was hired to mine sand and transport it to a nearby beach in Reu Island in Bai Chay Ward, Ha LongCity. Hung earned about VND3 million (US$140) per boat trip. Mining of sand has impacted the ecological environment and the life oflocal residents. Cao Xanh Ward People's Committee Vice-Chairman Pham Van Son toldthe VNA representative that the mining of sand was taking place in the Hon … [Read more...]

Indonesia plans to takeover cement company in Vietnam

(VOV) - State-owned cement producer Semen Indonesia (SMGR) would further strengthen its foothold in Vietnam’s market by acquiring another local cement company in the country, the company’s executive said. SMGR’s finance director Ahyanizzaman said in Jakarta on April 17 it had budgeted a total capital expenditure of between US$545.8 million and US$857 million this year to expand its operations, which includes the acquisition of the Vietnamese company. He said the company’s accountants were currently conducting a due diligence audit of the Vietnamese company’s books and records, which should be completed by the end of June. "The Vietnamese company is a private business, which has a local market share of about 4%," Ahyanizzaman said on April 17 after the company’s general shareholders meeting. If SMGR goes ahead with the acquisition, it would be Semen Indonesia’s second acquisition in Vietnam. Through its current Vietnamese subsidiary, Thang … [Read more...]

Vietnam expects USD1 billion from cement export

Photo for illustration (Source: baoxaydung.com.vn)

Vietnam could rake in USD1 billion from exporting 20-21 million tonnes of cement and clinker in 2014, up 15 percent in value compared to last year, according to the Vietnam Cement Association. Preliminary statistics from the Customs General Department showed that the shipment of cement and clinker increased in both volume and value in January-October, reaching nearly 18 million tonnes. Major cement companies have reported positive results over the past time, with stable export volumes and many new markets. Tran Viet Thang, Director General of the Vietnam Cement Industry Corporation (Vicem), which holds 34 percent of the sector's output, said his company exported about 1.8 million tonnes of the products in the first three quarters of 2014 and plans to sell 1 million tonne in the last three months to raise its total exports to 3 million tonnes, meeting the yearly target set early this year. Last month, the Thang Long Cement JSC shipped 4,000 tonnes of cement to the Philippines . The … [Read more...]

Vietnam expects US$1 billion from cement export

Vietnam could rake in US$1 billion from exporting 20-21 million tonnes of cement and clinker in 2014, up 15% in value compared to last year, according to the Vietnam Cement Association. Preliminary statistics from the Customs General Department showed that the shipment of cement and clinker increased in both volume and value in January-October, reaching nearly 18 million tonnes. Major cement companies have reported positive results over the past time, with stable export volumes and many new markets. … [Read more...]

Vietnam expects 1 billion USD from cement export

Vietnam could rake in 1 billion USD from exporting 20-21 million tonnes of cement and clinker in 2014, up 15 percent in value compared to last year, according to the Vietnam Cement Association. Preliminary statistics from the Customs General Department showed that the shipment of cement and clinker increased in both volume and value in January-October, reaching nearly 18 million tonnes. Major cement companies have reported positive results over the past time, with stable export volumes and many new markets. … [Read more...]

FDI flows to processing, manufacturing industries

Processing and manufacturing industries have attracted the most foreign direct investment (FDI) capital so far this year, with 448 newly-licensed projects and a new registered and additional capital of 6.66 billion USD, accounting for about 70 percent of the total FDI. They were followed by the real estate and construction sectors, with 1.13 billion USD and 547 million USD, respectively. According to the Ministry of Planning and Investment's Foreign Investment Agency, total registered capital of FDI projects in the first seven months this year decreased by 20 percent year-on-year to 9.53 billion USD. … [Read more...]

FDI faces decline despite new projects

Total registered capital of foreign direct investment (FDI) projects in the first seven months this year decreased by 20 percent year-on-year to 9.53 billion USD, according to the Ministry of Planning and Investment's Foreign Investment Agency (FIA). However, total disbursements from FDI firms were estimated at 6.8 billion USD, increasing 2.3 percent against the corresponding period last year. FDI businesses generated an export turnover of 55.83 billion USD and incurred around 46.04 billion USD in imports, resulting in a trade surplus of 9.78 billion USD. … [Read more...]

FDI sinks despite new projects

A mobile phone production line at Samsung Vietnam in the northern province of Bac Ninh. The Foreign Investment Agency reported that total capital disbursements from FDI firms were estimated at US$6.8 billion in the first seven months this year, increasing 2.3 per cent against the corresponding period last year. - VNA/VNS Photo Duc Tam

HA NOI (VNS )- Total registered capital of foreign direct investment (FDI) projects in the first seven months this year decreased by 20 per cent year-on-year to US$9.53 billion, according to the Ministry of Planning and Investment's Foreign Investment Agency (FIA). … [Read more...]

Jan-June FDI disbursement grows 0.9%

The Saigon Times Daily Meanwhile, in the year to June 20, some US$6.85 billion of FDI had been pledged by foreign investors in Vietnam, representing 64.7% of that in the same period last year, including newly registered funds and extra capital from operational projects, said the Foreign Investment Agency under the Ministry of Planning and Investment. In specifics, 656 fresh projects were licensed with pledged capital of US$4.85 billion while 219 operational projects received additional funds of US$1.99 billion in January-June, equivalent to 93.2% and 37% of last year's investments respectively. … [Read more...]

Indonesian firm to build major cement plant in Vietnam

State-run cement producer Semen Indonesia is planning to invest about 300 million USD in building a new plant in Vietnam in the near future as part of its business expansion in Southeast Asian. Semen Indonesia General Director Dwi Soetjipto said his company hopes to expand the production capacity of its Vietnamese subsidiary, Thang Long Cement Company (TLCC), by setting up a new plant with a total production capacity of 1.5 million tonnes of cement per year. The plant's construction is scheduled to be started in early 2015 and it is expected to be put into operation in three years later. … [Read more...]

Semen Indonesia’s cement factory shaping in Vietnam

1508099-ximang

Semen Indonesia Director General Dwi Soetjipto said Indonesia's leading cement producer will increase production capacity of its Vietnamese subsidiary Thang Long Cement Company (TLCC), by building a new factory with a design capacity of 1.5 million tonnes per year. (VOV) - State-run cement producer, Semen Indonesia plans to invest US$250-300 million to build a new cement plant in Vietnam next year, as part of its strategy to expand business in Southeast Asia (SEA). Mr Soetjipto said that constructionis expected to begin in early 2015 and will take three years to complete. The investment capital for the new plant is mostly sourced from bank loans. The Director General said that as TLCC's current design capacity stands at 2.5 million tonnes per year, building the facilitywill meet the increasing demand for cement in Vietnam and other ASEAN statessuch as Singapore, Cambodia, Laos and Myanmar. Semen Indonesia holds 70% of TLCC's shares while the remainingbelong to Geleximco. It … [Read more...]

South Korea leads foreign direct investments in Vietnam

The $235 million Thang Long Cement Plant project in Quang Ninh Province. Photo credit: Dien Dan Doanh Nghiep

South Korean foreign directiInvestment (FDI) in Vietnam surpassed US$1.12 billion and topped FDI inflows into the country during the first quarter of 2014, according to Vietnam Foreign Investment Agency. A recent report from the agency shows that 36 countries and territories invested in Vietnam during the January-April period. South Korea was the largest investor in Vietnam during the four month period, with $1.12 poured into projects in the country, equaling 23.1 percent of Vietnam's total FDIs. Japan, the largest investor in Vietnam during the previous period, fell to second place with total investments of $531 million. … [Read more...]

Textiles and cement top export list

illustration photo

Textiles and garments led the field in terms of this year's exports in the first four months. Figures from the Ministry of Industry and Trade (MoIT) showed that Vietnam's four-month export turnover reached $46 billion, up 16.9 per cent on-year. Vietnam's four-month export turnover rose $6.6 billion on-year, of which $4.7 billion - with the exception of crude oil - was created by foreign invested firms. … [Read more...]

VN draws $4.85b as FDI inflow reduces

HA NOI (VNS) — Viet Nam has attracted US$4.85 billion in foreign direct investment (FDI) in the first four months of the year, equivalent to 59 per cent of what it attracted during the same period last year. The figure released by the Ministry of Planning and Investment's Foreign Investment Agency also showed that of the total, $3.32 billion went into 390 newly-licensed projects, while 140 existing projects added $1.62 billion to their capital. The manufacturing and processing sectors took the lead in attracting FDI with 204 new projects at $3.6 billion, accounting for 74.3 per cent of the total. The real estate sector ranked second with seven projects with a total investment of $392.3 million, accounting for 8.1 per cent share, followed by the construction sector with $237 million (4.9 per cent) and health care and social support sector ($225.93 million). While FDI levels slowed down, the country's FDI disbursement reached $4 billion during the January-April period, … [Read more...]

Dam Phu My Packaging JSC: New Advance in Industrial Sector

1466742-2014331155224-mm-1

In the process of national industrialisation and modernisation and international integration, the establishment of companies of different industries with a variety of products, modern production lines and strong brand reputation is indispensable for the development process. Dam Phu My Packaging Joint Stock Company is one of the companies that has proven its strength and position on the market with effective development strategy and quality policy. Set up October 1, 2004, Dam Phu My Packaging Joint Stock Company (DPMP) was formerly the Huong Phong Package Production Factory run by Huong Phong Co., Ltd, which is directly administered by the Provincial Party Committee and the Provincial People's Committee of Ba Ria - Vung Tau. On May 19, 2008, it was transformed into a joint stock company with three founding shareholders, namely PetroVietnam Fertilizer and Chemicals Corporation, Huong Phong Co., Ltd and another shareholder. For DPMP, product quality is always an important element as … [Read more...]

The year of 2013 is very special year for the relations between Vietnam and Indonesia

(CPV) -On the occasion of Lunar New Year's Day, the Year of Horse, reporter of the Communist Party of Viet Nam Online Newspaper interviewed Mr. Mayerfas, Indonesian Ambassador in Viet Nam, on the cooperation between Viet Nam and Indonesia and his opinion about Tet Festival in Viet Nam. Here is the full-text of the interview: Reporter:The cooperation between Vietnam and Indonesia is assessed as having good results. Could you please give us some details about these results, ambassador? Ambassador Mayerfas: The year of 2013 is very special year for the relations between Vietnam and Indonesia because the two sides had decided to establish strategic partnership. As we know, our two countries have always shared a close bond based on our common experiences and histories. This bond has been continuously nurtured through generations of leaders and the peoples of both countries. As a matter of fact, Vietnam is the only country in the Southeast Asian region to have a strategic partnership with … [Read more...]

Bonanza year for local cement exports

Firms have exported cement to make up for slack domestic demandPhoto: Le Toan

Vietnam exported 13 million tonnes of cement and clinker by mid-December, a 65 per cent jump against the same period last year, with nearly 1.1 million tonnes per month sold abroad, according to Ministry of Construction estimates. At the current pace, Vietnam's cement exports this year are expected to reach a record 14 million tonnes, far exceeding the set target of 10.2 million tonnes. Thang Long Cement, based in the northern province of Quang Ninh, shipped 30,000 tonnes of bulk cement to Peru, increasing the company's total cement export volume this year to nearly 800,000 tonnes. Thang Long Cement's CEO Johan Samudra said this year had proved fruitful in terms of exports and expressed confidence the company would grasp more opportunities to increase co-operation with other local and foreign partners to bolster sales. Learning some hard lessons from 2012's poor export results, state cement conglomerate Vicem bolstered its efforts. By the end of November Vicem's export … [Read more...]

New rural scenes in Vinh Linh

Street lights are installed along the road   (photo: vinhlinhquangtri.gov.vn)

(VOVworld) - Vinh Thach commune on Vinh Linh district, Quang Tri province is one of three communes supported by President Truong Tan Sang to develop new rural areas. It's a point of pride and an incentive for the local authorities and people to meet the new rural criteria. Vinh Thach commune has about 1,100 households of 3,600 people who live in 10 hamlets. The commune is located on fertile land suitable for agricultural development. Vinh Thach is associated with the historic Vinh Moc tunnel, a famous military base built in 1965. At that time, Vinh Moc and all the other villages in Vinh Linh district were heavily bombed and devastated by American air strikes and artillery. Now the district has totally changed. All roads and lanes are paved. At night, streets are lighted as in urban areas. People regularly talk about donating land for road expansion and building rural works. Chairman of the Vinh Thach commune People's Committee, Nguyen Viet Sinh, recalled the first days of paving … [Read more...]

Indonesian businesses eye Vietnamese market

(VOV) - The Southeast Asian region in general and especially Vietnam and Myanmar are becoming key Indonesian business investment destinations, boasting surging growth rates and consumer demand. In 2012, Indonesia's National Cement Company spent US$157 million on 70 percent stake in Thang Long Cement Factory, transforming the Vietnamese firm Southeast Asia's largest cement producer. The Indonesian National Coal Corporation confirmed it regards Vietnam as a market replete with potential and a promising customer base for coal exports. As of May 2013, Indonesia had invested in 35 Vietnam-based projects capitalized at US$280 million, ranking it 27th among the country's 100 foreign investors. Eight state-owned Indonesian businesses are planning to enter the Vietnamese market in the very near future, focusing on processing, manufacturing, medicine and pharmacy mining, electricity, and information technology. … [Read more...]