Vietnam is forecast to add two more jack-up rigs, as demand for oil exploration and production continues to rise. Vietnam currently ranked second in Southeast Asia in terms of the number of drilling rigs with eight under disposal, holding 20% of the Southeast Asian oil exploration and production (E&P) market, according to Viet Dragon Securities Company (VDSC). With 16 drilling rigs, Malaysia accounts for half of the region’s jack-up rig demand, while the rest is divided to Brunei and Thailand. According to VDSC, seven out of 11 Southeast Asian nations are oil explorers and producers, partly due to their geographical location, including Brunei, Indonesia, Malaysia, Myanmar, the Philippines, Thailand, and Vietnam. Due to the recent downtrend of oil price, E&P activities have slowed down and have only experienced some improvement since 2018. However, the demand for jack-up rig has recovered, thanks to the slight increase in two main indicators: rig day rate and … [Read more...] about Vietnam holds 20% of Southeast Asia’s oil exploration and production market
Bird nest production business
Cò nhạn in the Bạc Liêu Bird Garden. — VNA/VNS Photo Huỳnh Sử BẠC LIÊU — More and more rare birds have flocked to the Bạc Liêu Bird Garden, according to the garden’s management board. At the beginning of this year, about 200 cò nhạn (Asian openbill stork) migrated to the garden. The flock has now reached 1,000. The garden is now home to 700 more quắm đen (black-headed ibis) and three brown pelicans which have migrated to the garden. Lê Chí Linh, deputy director of the preservation zone of the garden, said cò nhạn and quắm đen were two rare and valuable kinds of birds which were listed in Việt Nam’s Red Book – a list of rare and endangered species of fauna and flora native to Việt Nam. The brown pelican is listed in the world’s Red Book. Cò nhạn and brown … [Read more...] about Valuable birds migrate to Bạc Liêu
He told correspondents from the Vietnam News Agency that his company already exports its ceramic products to many European countries and some Asian nations such as Japan and the Republic of Korea. Ceramic products made in the Czech Republic In its development plan, the company has sent experts to Vietnam to study the market, as well as investment cooperation opportunities, he added. The company is ready to train Vietnamese technicians who want to work at its factories for a period of 2-3 years and is also willing to receive Vietnamese workers, he said. However, legal procedures and regulations between the two countries should be clarified, he suggested. The implementation of bilateral cooperation in the field will facilitate goods exchange and technological transfer, the director general said. He added that he received a lot of useful information while attending a business forum between the Czech Republic and Vietnam on the occasion of Prime Minister Nguyen Xuan … [Read more...] about Czech Republic looks to introduce ceramic products to Vietnam
Hefty investments Among 70 countries and territories in which Vietnamese have investments, Laos, Cambodia and Myanmar are the three biggest target markets. Laos is the biggest FDI recipient from Vietnam, having accepted $5 billion worth of registered investments. In January 2017, Viettel received an investment license for setting up a telecom network in Myanmar – Mytel. BIDV in 2016 got a license to set up a branch in Myanmar – BIDV Yangon with charter capital of $85 million. The dairy factory Vinamilk built in Cambodia became operational in 2016, while the Vietnam Rubber Group began processing rubber latex in 2015. Hoang Anh Gia Lai Group is one of the biggest outward investors. In addition to a series of projects on agriculture production in Laos, in 2015 built the Attapeu international airport worth $36 million and HAGL Center worth $550 million in Myanmar. In 2016, it kicked off the second phase of HAGL Center and joined forces with Melia Hotel to run a … [Read more...] about How are Vietnamese businesses performing in Laos, Cambodia, Myanmar?
Tran Thi Binh, 60, who lives in Ha Noi, has no idea about the circular economy but now brings her canvas bag shopping instead of taking plastic bags from the supermarket. A 'No plastic bag day' campaign at a Saigon Co.op shop. The circular economy provides a golden opportunity for businesses. Vu Lan Anh, 35, from HCM City, likes to use glass juice bottles as flower vases. She is also willing to pay a slightly higher price for a recycled product to protect the environment. Consciously or unconsciously, these examples show that the application of circular principles and their behaviours present golden opportunities for businesses. The circular economy, or simply circularity, is a global trend, driven by scarcity of resources. It is an economic system of closed loops in which raw materials, components and products are put in use for longer, thus improving the productivity of resources. In this concept, all ‘waste’ should become ‘food’ for another production … [Read more...] about Firms shouldn’t let circular economy go to waste