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Environmental protection agency australia

/ March 4, 2021

Hoa Phat’s imports from Australia to reach 1.44 billion USD this year

Hoa Phat's steel production at its facility in Dung Quat, Quang Ngai. (Photo: VNA) Hanoi (VNA) – Hoa Phat Group plans to import 1.44 billion USD worth of commodities from Australia in 2021, more than doubling last year’s figure. The imports will include around 4 million tonnes of iron ore, 3.5 million tonnes of coal of different types and 145,000 cows. The group’s imports of machines, equipment, and materials for production reportedly hit nearly 2 billion USD last year. Of the total, some 35 percent, or 700 million USD, came from Australia , also over double the figure from 2019 and making the industrial manufacturer the largest Vietnamese client of the country. More than half of the total import value, or 364 million USD, came from coal, compared to just 115 million USD in 2019. The group’s purchases of iron ore leapt a whopping 19-times to 123 million USD in the first eleven months of 2020. Hoa Phat bought more coal and iron ore last year to serve production at its iron and steel integrated complexes in the northern province of Hai Duong and the central province of Quang Ngai’s Dung Quat Economic Zone. Meanwhile, it annually purchases hundreds of thousands of cows from Australia, with its herd accounting for 50 percent of all Australian-imported cows in Vietnam . With such soaring import numbers, Hoa Phat was estimated to account for 17 percent of Australia’s total export value to Vietnam in 2020, compared to 7.4 percent in 2018 and 7.6 percent in 2019. According to Global Trade Atlas, Australia’s exports to Vietnam reached 4.4 billion USD in 2020, 16 percent of which was imported by Hoa Phat. Last year, the group’s exports exceeded 1 billion USD, including 966 million USD worth of high-quality and construction steel./. VNA …

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/ July 16, 2020

Measures sought to manage, preserve Vietnam’s biosphere reserves

Cu Lao Cham in Tan Hiep island commune, Hoi An city, Quang Nam province seen from above (Photo: VNA) Hanoi (VNA) – Vietnam has nine biosphere reserves with a total area of 4 million hectares, accounting for 12.1 percent of the country’s total natural land area. These reserves are home to 1.78 million people. According to the Vietnam Environment Administration , the nine biosphere reserves, which are located in plains, mountains, coastal areas and islands, are recognised by UNESCO’s Man and the Biosphere Programme ( MAB-UNESCO ). Among the nine Southeast Asian countries which have biosphere reserves, Vietnam is second only to Indonesia in the number of biosphere reserves , with the latter owning 11. However, there is still no document that regulates the management of biosphere reserves, causing loose coordination between ministries and sectors. Lack of unified organisational structures The core zones, mostly national parks, nature reserves and special-use forests, account for 11 percent of the total area of the biosphere reserves, about 450,000 hectares. There is high biodiversity concentration with diverse ecosystem services. Cat Ba archipelago is the smallest biosphere reserve, with an area of 26,241 hectares, while the largest is Western Nghe An with more than 1.3 million hectares. There is also no common organisational structure for biosphere reserve management boards as each locality follows its own way of organising its board. Meanwhile, a unified management model is important for unifying State management. The problem is that there are no detailed guidelines from central agencies for the biosphere reserves on the need to strengthen organisational structure and coordinate their operations. Some biosphere reserves are put under the administrative management of many districts, towns and provinces with large areas and populations, which makes it difficult to manage the reserves. Dong Nai Biosphere, for example, is located …

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/ October 8, 2020

Vietnam seeks investments from Japan, S.Korea into supporting industries

The Hanoitimes - Vietnam will actively and selectively attract foreign investments, taking high-quality, efficiency, modern technology and environmental protection as the key benchmarks. Vietnam is looking to attract investors from Japan and South Korea into the country’s supporting industries as the localization rate of the sector is quite low compared to some countries in the region, according to General Director of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment Do Nhat Hoang. Overview of the signing ceremony. “To create favorable conditions for businesses who want to invest or expand their footprint in Vietnam, we have established a task force with the aim of solving every hurdle they are facing,” Mr. Hoang said at a signing ceremony of a Memorandum of Understanding (MoU) between the FIA and Ernst & Young Vietnam Limited (EY Vietnam) on October 6. The MoU targets promoting investment opportunities towards the investors including EY clients across the globe, paving the way for their new and/ or expanded investment in Vietnam. Under the MoU, FIA will provide EY Vietnam with updated information on directions and policies to draw investment into Vietnam. The agency also assists investors introduced by EY Vietnam to conduct researches and implement business-investment procedures in accordance with the law; endorse, resolve or forward the investors’ recommendations to the relevant authorities. On the other hand, EY Vietnam will introduce and recommend potential investors who are EY clients globally to invest in Vietnam, especially those from Japan and South Korea, countries that have the largest FDI value realized in Vietnam. Additionally, EY may coordinate with the FIA to organize seminars, conferences and round-table discussions for investors introduced by EY, depending on the scale and features of each event. EY Capital Confidence Barometer’s survey conducted in early 2020 indicated that 74% …

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