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
New chapter in Vietnam-Cuba relations
PANO – Vietnam’s State President Truong Tan Sang, his wife and a high-ranking delegation are to pay an official visit to Cuba from September 28th to 30th, at the invitation of Cuban State President Raul Castro Ruz. Over the past years the Cubans, under the leadership of the Cuban Communist Party, have reached remarkable socio-economic achievements. In April 2011, the 6th National Congress of the Cuban Communist Party implemented a new direction for the socio-economic development of the country. The long-term direction, with 311 items , aims to renew its economic model, formalize ongoing pilot economic reforms and supplement some new measures to the reform process, such as decentralizing the economy, streamlining the State sector, preparing for the use of a single currency, and permitting Cuban citizens to possess and trade property, cars and the like. At this point, the process is conducted in the country in a careful and smart manner. Cuba has readjusted its economic … [Read more...] about New chapter in Vietnam-Cuba relations
Art & Entertainment News Headlines 10/3
Preserving Duong Lam ancient village The Hanoi municipal People's Committee has unveiled a plan to preserve and uphold the traditional values of Duong Lam ancient village in Son Tay town. Under the plan, Duong Lam village - a natural heritage site - will be preserved in a bid to maintain its original architecture and intangible values. It is part of a wider modern urban development scheme, focusing on infrastructure, tourism, local economic development, and environmental protection. Target areas include Mong Phu, Dong Sang, Cam Thịnh, Doai Giap and Cam Lam hamlets, and part of a rice field in Duong Lam commune, covering more than 164ha in total. Priority will also be given to protecting local residents' ancient houses and lifestyles. Hanoi will develop prioritized projects calling for the participation of all economic sectors to preserve the village in the event of urbanization. The Chairman of the Son Tay Town People's Committee, Dang Vu Nhat Thang, emphasized that … [Read more...] about Art & Entertainment News Headlines 10/3
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