Việt Nam wants to tackle the consequences left over from years of war in the next few decades, a Government official said on Tuesday.— VNA/VNS Photo HÀ NỘI — Việt Nam wants to tackle the consequences left over from years of war in the next few decades, a Government official said on Tuesday. At a press conference on the country’s ordnance cleanup programmes ahead of the International Day for Mine Awareness and Assistance in Mine Action that falls on April 4, chief secretariat of the office of Labour, Invalid and Social Affairs Ministry Nguyễn Bá Hoan said that Việt Nam’s Government and people as well as the international community were working together to speed up the process. According to the Ministry of Defence, about 800,000 tonnes of unexploded bombs and mines left over from wartime remain buried over 6.13 million hectares, accounting for 18.82 per cent of the country. At the current rate of clearance, it would … [Read more...] about Billions of dollars needed to clear all bombs, mines left from wars
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Vietnam, third largest rubber exporter, imports $1 billion of synthetic rubber yearly
Vietnam, third largest rubber exporter, imports $1 billion of synthetic rubber yearly VietNamNet Bridge - Vietnam takes pride as one of the world’s biggest natural rubber exporter, but it still has to spend nearly $1 billion a year to import mostly synthetic rubber products to satisfy domestic production. Vietnam is a big natural rubber exporter A report of the Ministry of Agriculture and Rural Development (MARD) showed that in November alone, Vietnam imported 46,000 tons of rubber materials, raising the total import volume in the first 11 months to 543,000 tons, worth $1 billion, an increase of 8.8 percent in volume and 1 percent in value compared with the same period last year. To organize large-scale production, enterprises have to spend big money to import technologies, machines and equipment. Since enterprises remain unable to import expensive technologies, it is better to import suitable materials. Nguyen Viet Bac from the Institute of Materials Chemistry and Do … [Read more...] about Vietnam, third largest rubber exporter, imports $1 billion of synthetic rubber yearly
Billions of dollars worth of car parts exported but not from Vietnamese manufacturers
Billions of dollars worth of car parts exported but not from Vietnamese manufacturers VietNamNet Bridge - Vietnam spends billions of dollars to import car parts each year for domestic assembling, but it also exports billions of dollars worth of vehicle parts. However, the exporters are mostly from foreign invested enterprises (FIEs). Vietnam needs to import car parts for domestic assembling Toyota Vietnam reported that it exported $34 million worth of car parts in the first half of the year, an increase of 13 percent compared with the same period last year. A report of the General Department of Customs (GDC) showed that the export turnover of transport vehicles and spare parts in 2017 nearly reached the $7 billion threshold, an increase of 15.4 percent over the year before. A report of the General Department of Customs (GDC) showed that the export turnover of transport vehicles and spare parts in 2017 nearly reached the $7 billion threshold, an increase of 15.4 … [Read more...] about Billions of dollars worth of car parts exported but not from Vietnamese manufacturers
FIEs contribute billions of dollars to state budget
For the first time, foreign invested enterprises’ revenue and specific contributions to Vietnam’s state budget have been revealed, with the electronics and garment-textile industries being their biggest earners. FIEs contribute billions of dollars to state budget, illustration photo The Department of Corporate Finance (DCF) under the Ministry of Finance last week released a report on foreign-invested enterprises’ (FIEs) business and production for the 2012-2016 period conducted a few months ago. Results showed that FIEs’ contributions to state coffers rose from $3.7 billion in 2012 to $4.94 billion in 2013, $5.5 billion in 2014, $6.26 billion in 2015, and $7.18 billion in 2016 (excluding contributions from crude oil exports). Tran Tu Quynh, Chairman the Bac Ninh People’s Committee, reported that South Korean giant Samsung, with its Samsung Electronics and Samsung Display facilities based in the province, has been contributing the most to the … [Read more...] about FIEs contribute billions of dollars to state budget
BIDV donates 1 billion VND to Hue Festival
The signing ceremony of the sponsorship (Source: http://tintuc.hues.vn) Thua Thien – Hue (VNA) – The Bank for Investment and Development (BIDV) will donate 1 billion VND (43,700 USD) to activities within the framework of the Hue Festival 2018, becoming the bronze sponsor for the event. The signing of the sponsorship took place in Hue city, the central province of Thua Thien - Hue on April 23. In recent times, BIDV’s branch in Hue has funded many social programmes in the locality. Notably, it provided two ambulances worth 2.5 billion VND (109,250 USD) for the Hue Central Hospital and the Hue University of Medicine and Pharmacy. According to Nguyen Dung, Vice Chairman of the provincial People’s Committee and also head of the Hue Festival organising board, the 10th Hue Festival themed “Cultural heritage with integration and development, Hue - one destination, five world heritages” will take place from April 27-May 2. A wide range of activities … [Read more...] about BIDV donates 1 billion VND to Hue Festival