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Lam Dong Province People's Committee has issued an official decision to suspend the Da Lat Golf and Resort Project of Han Viet Investment Company. The Department of Planning and Investment was asked to complete the procedures and the Department of Agriculture and Rural Development must work with Duc Trong District authorities to assess the damages caused to the forest. The Department of Finance will evaluate and order Han Viet Company to compensate. The project was given an investment permit in 2007. 268 ha of forest land was allocated to Han Viet Company. But in the past 13 years, Han Viet Company has done nothing, abandoning the project and letting illegal loggers destroy the forest. They also didn't include a forest fire prevention plan in their application, nor assign any guards to the forest. As a result, hundreds of 20-50cm diameter pine trees were cut down. Most of the trees were taken away before the authorities arrived. In some areas, the loggers even put up concrete … [Read more...] about Golf project recalled after criminal deforestation

Hanoi (VNS/VNA) - Public investment will focus on key national projects with important roles in enhancing regional links and creating new drivers and room for economic growth, Minister of Planning and Investment Nguyen Chi Dung has said. Last year saw the highest public investment disbursement rate in 2016-2020 as the Government identified public investment as a major driver for growth in the context of the COVID-19 pandemic. The Ministry of Planning and Investment estimated the public investment disbursement rate would reach more than 90 percent of the plan as of the end January 31 (the deadline for disbursement of 2020 public investment), compared to 73.3 percent of 2017, 66.8 percent of 2018 and 67.46 percent of 2019. There were 17 ministries, central-level agencies and 17 localities with disbursement rates of more than 80 percent as of December 31, 2020. However, 13 ministries and central-level agencies and five localities had disbursement rates below 60 percent. … [Read more...] about Public investment will focus on key projects: Minister

“It is expected to grow again around 7 percent this year because Vietnam signed recently several free trade agreements such as the European Union -Vietnam Free Trade Agreement (EVFTA), the Regional Comprehensive Economic Partnership (RCEP) agreement and the newly-concluded United Kingdom-Vietnam Free Trade Agreement (UKVFTA),” he told the Vietnam News Agency (VNA)’s reporter in Jakarta. … [Read more...] about VIETNAM NEWS JANUARY 21

Due to the severe impact of the novel coronavirus (COVID-19) on supply and value chains, the country’s agro-processing industry will need to make adjustments to adapt to shifting consumer behaviour. While logistics are likely to witness a post-pandemic upswing due to the growth of e-commerce and the changing nature of retail, both agro-processing and logistics must embrace digital supply chains. Indeed, they must launch attractive new digital initiatives, with these factors meaning that the need to upskill and reskill local workers is even more urgent. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 21

In addition, its investment partner NSN Construction and Engineering JSC is a pioneering general contractor in the field of building renewable energy plants, with more than 350MWp of solar power projects implemented nationwide. NSN has 17 years of experience in Vietnam and Southeast Asia, with strong financial, technical, and managerial potential. … [Read more...] about 50MWp solar power plant inaugurated in Binh Dinh province