Malaysia's Innovative Engineering Ventures Holdings Ltd has announced plans to enter the renewable energy business in Vietnam through biomass production. IEV will build its first plant to produce biogas from rice husk bought in the Mekong Delta, the country's rice bowl, and hopes to begin production next year and export its biomass products, starting with North Asian markets like Taiwan and Korea, for power generation and industrial use. It is in the process of finalizing its plans and calling for bids to construct the plant in an undecided location in the delta. The company's CEO, Christopher Do, said: "Biomass is a renewable source of energy that is expected to be more economical than fossil fuel, and its worldwide demand has been increasing significantly. "The entry into renewable energy will allow IEV to explore the vast opportunities in this sector, not limiting to biomass but also through other renewable resources in the Asia Pacific region." IEV Ltd offers integrated … [Read more...] about Malaysian firm to produce biogas from rice husk in Vietnam
Export rice from india to usa
Vietnam’s economy over 60 years
Sustainable economic development and increasingly improved living conditions have been the great achievements got by Vietnam during 60 years of building the country (1945-2005). In 1945, the Democratic Republic of Vietnam was established with a very poor economy, 2 million starvers, uncultivated land and backward industries. Just after seizing the authority, the Vietnamese Government took various measures to recover the economy like providing cultivated land to farmers, removing tariffs imposed by the authority of feudal colonialism, launching the Golden Week to collect money for the state budget and encouraging the peoples to increase productivity. During 9 years of struggling against the French colonialism, the Vietnamese Government kept up taking policies to encourage production. Thanks to this, economy in free areas and newly liberated areas recovered and developed. In 1954, foodstuff output reached nearly 3 million tons, an increase of 13.7% compared to 1946. The output satisfied … [Read more...] about Vietnam’s economy over 60 years
Implication of China and India for trade and employment
(CPV)- The majority of developing Asian economies have been drawn into the China-centered international production network, resulting in some cases major changes in production structure and the volume and direction of their international trade. This reorientation toward China has had three big types of sectoral impact. First, just as in rich countries, the producers of labour-intensive manufactures have encountered intense competitive pressures. Second, natural resource export industries have enjoyed a sustained commodity price boom (recent fluctuations notwithstanding). Third, manufacturers of skill-intensive goods such as components for computers, phones, and other electronic devices have found opportunities to expand through participation in so-called "fragmentation trade" with China. The first impact is obvious. Producers of garments, footwear, furniture, low-end electrical appliances and similar low-tech products everywhere, whether in Raleigh or Rawalpindi, are locked in … [Read more...] about Implication of China and India for trade and employment
BUSINESS IN BRIEF 18/12
Many employers lack funds for Tet bonuses It is that time of the year when bosses begin fretting about bonuses for employees. As the Tet (Lunar New Year) festival approaches, firms stuck in difficulties caused by the prolonged economic downturn are devising different approaches to paying bonuses for their employees. The bigger firms plan to pay higher bonuses in order to build worker loyalty and retain talent, but there are others left searching for face-saving options. In HCM City's Binh Tan District, the 100 per cent foreign-invested Pou Yuen Viet Nam Company has prepared for Tet bonuses months ahead of the Tet. Cu Phat Nghiep, Chairman of the Trade Union of Pou Yuen Viet Nam, said despite the challenges facing the company, Pou Yuen earmarked VND600 billion (US$28.7 million) for giving Tet bonuses to its 75,000 workers to welcome the Year of the Snake. He said this year's Tet bonuses would be higher than last year and those who worked for the company for over one year would … [Read more...] about BUSINESS IN BRIEF 18/12
BUSINESS IN BRIEF 17/12
Many employers lack funds for Tet bonuses It is that time of the year when bosses begin fretting about bonuses for employees. As the Tet (Lunar New Year) festival approaches, firms stuck in difficulties caused by the prolonged economic downturn are devising different approaches to paying bonuses for their employees. The bigger firms plan to pay higher bonuses in order to build worker loyalty and retain talent, but there are others left searching for face-saving options. In HCM City's Binh Tan District, the 100 per cent foreign-invested Pou Yuen Viet Nam Company has prepared for Tet bonuses months ahead of the Tet. Cu Phat Nghiep, Chairman of the Trade Union of Pou Yuen Viet Nam, said despite the challenges facing the company, Pou Yuen earmarked VND600 billion (US$28.7 million) for giving Tet bonuses to its 75,000 workers to welcome the Year of the Snake. He said this year's Tet bonuses would be higher than last year and those who worked for the company for over one year would … [Read more...] about BUSINESS IN BRIEF 17/12