Agri business

On behalf of the real estate enterprises, Mr. Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association (HOREA), said that compared to the previous year, there was an additional petition of Gamuda Land Joint Stock Company. The petition states that while waiting for the Prime Minister to decide on a VND514-billion deduction following the recommendations of the Government Inspectorate, over the past time, construction investment and business activities of the company have been stagnant, affecting the reputation and brand of this company in 10 years of operation in Vietnam. As for the matter of social housing, Mr. Le Huu Nghia, CEO of real estate developer Le Thanh, said that they were considering whether to develop social housing again. Because of too many difficult procedures, many people advised him to play safe by switching to develop commercial real estate. At the Le Thanh Tan Kien social housing project in Binh Chanh District, although the HCMC People's Committee had directly instructed to remove obstacles, after three years of implementing the project, now it backs to square one. Although the regulation for the processing time of the application by authorities is 215 days, in fact, the processing of the application can take a lot longer than that because the application must be transferred between departments and districts. Even a document from the urban management office to the district People's Committee takes several months. Moreover, although the social housing projects are invested by enterprises from start to finish, they are audited as projects using capital from the State budget. Meanwhile, the auditors are too strict. They slap them with high fines on petty mistakes, discouraging investors, Mr. Le Huu Nghia explained. Le Thanh Company is one of 20 enterprises that have petitioned the city through the summary of HOREA. This list shows that many petitions had been raised by investors at meetings with the city leaders in the past years, …

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Illustrative image (Source: tinnhanhchungkhoan.vn) Hanoi (VNA) - Steel maker Hoa Phat Group is recruiting experienced personnel for a cargo container manufacturing project expected to start production in the second quarter of next year, according to the company. The new shipping container plant will have a designed capacity of 500,000 twenty-foot equivalent unit (TEU) per year. Global demand for cargo containers is on the rise as a result of growing e-commerce and foreign trade, said Nguyen Manh Tuan , Vice Chairman of the Hoa Phat Group. “We have been conducting research in various fields and are confident we have the ‘firepower’ to make the container manufacturing project successful and competitive with manufacturers from China, the world’s leading container producer,” he said. The group’s recruiters are working against the clock to enable the construction of the plant to begin as soon as possible. According to Hoa Phat, shipping containers are made from weather-resistant and expensive SPA-H steel. Steel currently accounts for about 55 percent of the production cost. In Vietnam, only the Hoa Phat Dung Quat Complex has the technology to produce this type of steel at a reasonable cost, Tuan said. Hoa Phat has estimated it will need to produce 1 million tonnes of Hot-Rolled Coil (HRC) steel to reach an annual capacity of half a million TEUs. The group manufactured nearly 700,000 tonnes of HRC and more than 5 million tonnes of billet and construction steel last year. Its Dung Quat 2 project is scheduled to be operational in early 2022. Set to manufacture HRC steel using the latest advanced technology, it has a designed capacity of 5 million tonnes per year. Though the shipping container market is growing 5 percent annually, there has been a shortage of supply. In previous years, China had produced 90 percent of the world’s containers. The country, however, has cut output by 40 percent over the last two years, despite growing domestic …

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Illustrative image (Photo: VNA) Bac Lieu (VNA) - The Mekong Delta province of Bac Lieu has adopted a wide range of measures to raise awareness and legal understanding among local fishermen about preventing and fighting illegal fishing . The provincial fisheries industry has witnessed strong development over recent years, contributing significantly to increasing incomes for fishermen. But legal violations in fishing activities remain common. According to Tran Xi Khuol, Deputy Director of the provincial Department of Fisheries, fishing has been considered a key economic sector of Bac Lieu for many years. But problems linger, such as illegal, unreported and unregulated (IUU) fishing, especially fishing without permits, a lack of safety equipment on fishing vessels, and fishing reports not being submitted in line with regulations. Though patrols have been carried out regularly, violations have not been handled thoroughly, Khuol said. The main cause of the situation is that fishermen do not fully understand the 2017 Law on Fisheries, he believed. Local authorities have promoted communications activities to raise public awareness about the law, relevant legal documents, and technical measures, helping local fishermen comply with the law and contributing to preserving, managing, and utilising aquatic resources sustainably. The provincial People’s Committee has so far organised 18 programmes on legal matters for 1,086 ship owners and fishermen. The province has also supported local fishermen in building large-capacity vessels and upgrading equipment and logistics services, while creating favourable conditions for them to maintain operations in traditional fishing grounds. Bac Lieu has 1,142 registered fishing boats, including 485 with a minimum length of 15 metres. As of October 8, 2020, it had issued 720 fishing permits under the 2017 Law on Fisheries, including 453 offshore fishing permits and 267 onshore fishing permits. It also has 350 …

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