Passengers on a ferry look at buildings in the Lujiazui district at dusk in Shanghai. Slower credit would constrain growth while limiting risks of a financial crisis as China seeks a way to replace the debt-fueled investment and construction that have sustained expansion since the global financial crisis in 2008. Photo: Bloomberg China's broadest measure of new credit fell by more than estimated in October, suggesting authorities are trying to keep shadow-finance risks in check as leaders map out a blueprint to sustain growth. Aggregate financing was 856.4 billion yuan ($140.6 billion), the People's Bank of China said yesterday in Beijing, below all nine projections in a Bloomberg News survey. New local-currency loans of 506.1 billion yuan compared with the 580 billion yuan median estimate of analysts. M2, the broadest measure of money supply, rose 14.3 percent from a year earlier. Slower credit would constrain growth while limiting risks of a financial crisis as China seeks a way … [Read more...] about China reins in shadow banking as leaders meet to set policy
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To meet the strict conditions posed by the Ministry of Natural Resources and Environment, the Vietnam Coal and Mineral Group (TKV) will surely have to review its technology and investment in bauxite projects, said MONRE Minister Pham Khoi Nguyen. Addressing the National Assembly on May 27, Minister of Natural Resources and Environment Pham Khoi Nguyen said that the strict requirements are in particular related to remediation of the sites after mining bauxite. MoNRE has proposed that the bauxite ore be mined in tranches of seven hectares, 10 hectares and 20 hectares. After exploiting each site, TKV will have to remediate it and return it to the local government before moving to another site. After the bauxite ore is extracted, the wastes will be mixed with mud and humus to consolidate the already-mined site. The ministry will specify the order in which the sites will be mined, beginning with those that don't have many trees. "TKV has set up a forestry company to carry out a pilot … [Read more...] about MONRE Chief says TKV should recalculate investment in bauxite projects
Although a stagnant economy has many businesses scaling down and even shutting down, leading global recruitment agencies continue to open up shop in Vietnam. Japan-based En-Japan Inc announced last month that it is buying stakes in Vietnam's leading recruitment company Navigos Group, which runs the two biggest jobs websites in Vietnam, vietnamworks.com and navigossearch.com. RELATED CONTENT Navigos Group to sell 90 pct stake to En-Japan Inc Navigos has declined to reveal the deal's value, but En-Japan said it bought 89.8 percent of the Ho Chi Minh City-based company, or around 9.98 million shares worth US$22.11 million. Reuters earlier quoted En-Japan, which has operations in China, Singapore, Hong Kong, Australia, and Korea, as saying that it would acquire the remaining 10.2 percent by March 2016. En-Japan has entered Vietnam just after US online employment giant CareerBuilder opened an office here in February. The US company announced its investment in Vietnam with a deal to … [Read more...] about Foreigners invest in recruitment despite Vietnam’s slow economy
Around three-quarters of the world's natural resources are already consumed in cities, and the proportion of the global population living in urban areas is set to rise to 70 per cent by 2050. At the same time, cities generally offer lower per capita resource use and emissions than their surrounding areas. Investing in sustainable infrastructures and resource efficient technologies in cities offers a golden opportunity to deliver economic growth with lower rates of environmental degradation, reductions in poverty, cuts in greenhouse gases, and improved well-being, according to a new report released by the United Nations. As the price of depleting natural resources continues to rise, promoting sustainable urban infrastructures can benefit the environment and shield cities from potential economic and social instability in an increasingly resource-constrained 21st century. Melbourne, Australia, has seen a 40 per cent drop in emissions by introducing energy efficiency measures in … [Read more...] about Scaled-up investments in sustainable cities crucial for improved resource efficiency and poverty eradication
Danang has been designated by the central government to be the core city of the Key Economic Zone in central Vietnam, the entrance to the UNESCO World Heritage sites, and the terminal point of the East-West Corridor linking with Laos, Thailand and Myanmar. It is clear that Danang's location makes it a strategic location from which your business can access potentially rich Vietnamese and other Asian markets. I. STRATEGIC LOCATION The coastal city of Danang is situated at the very heart of Vietnam, 759km from Hanoi and 960km from Ho Chi Minh City. It lies on the north-south communications axis of land ( National Road 1A), rail, sea and air routes. Danang borders Thua Thien - HueProvince in the north, QuangNamProvince in the south and the west, and the EasternSea in the east. It is located in a typical tropical area influenced by monsoons with an annual average temperature of 25.7C. The city has a natural land area of 1,256km2 and a population of 887,069 as of 01 April 2009. … [Read more...] about Why invest in Danang?