The Ministry of Industry and Trade has proposed that the government scrap a Hong Kong-invested pulp plant in the Mekong Delta province of Hau Giang, citing potential threats to the environment, local media has reported. Part of a US$1.2-billion paper mill complex developed by Lee & Man Paper Manufacturing Limited, the troubled plant has recently come under suspicion of harming the environment, even though it will not enter a test run until 2018. Local residents and seafood companies have protested the plant, saying that it will pollute the Hau River in the lower reaches of the Mekong Delta River and kill fish, when it goes into operation with an annual output of 330,000 tons. The opposition has prompted the Ministry of Natural Resources and Environment to launch an inspection into the mill early this month. However, the inspection's findings are yet to be released. Meanwhile, in its proposal to the government, the Ministry of Industry and Trade said that since the southwestern … [Read more...] about Vietnam mulls scrapping part of $1.2 bln paper mill over environmental concerns
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Viet Nam News Readers ranging from foreign diplomats to local businesspeople - and expats falling somewhere in between - all have their own reasons for reading Viet Nam News. Ha Chan Ho, senior strategic advisor to Samsung Electronics Vietnam I have been living in Viet Nam for more than four years, and I have been reading Viet Nam News every day. I usually start with the front page, followed by the national and business sections as well as lifestyles. If I had more time, I would read all the pages. I found that by reading Viet Nam News daily, I can understand more about Viet Nam and get all the information I need about the country. I feel that this newspaper has become a very important part of my daily life. Việt Nam has a lot of newspapers and television networks. But there are not many English media outlets. Việt Nam News is the only national English daily newspaper. The foreign community in Việt Nam is getting bigger, and I believe that they need more information about Việt … [Read more...] about Readers Review: Why read Việt Nam News?
Quang Nam, RoK’s Gwangyang city ink cooperation deal Chairman of the People’s Committee of central Quang Nam province Dinh Van Thu and Mayor of Gwangyang city of the Republic of Korea Jeong Hyun Bok signed an agreement on bilateral cooperation on June 10. The two sides agreed to expand economic, investment, trade exchanges, share experience in managing and developing economic zones, and boost cooperation in seaport logistic services, tourism, and health care. The signing took place at a meeting between Quang Nam’s leaders and representatives from foreign localities and partners which have developed friendship with the province and accompanied it during the development process. It was part of the activities of the sixth Quang Nam Heritage Festival 2017. Thu affirmed that Quang Nam is keen to further international cooperation with foreign localities and partners. After 20 years, Quang Nam has been … [Read more...] about Social News 12/6
With numerous Vietnamese names included in a huge database of secret offshore companies, including the so-called Panama Papers and Offshore Leaks, posted online this week, Vietnamese tax authorities and some individuals involved have responded. The Panama Papers, leaked by the International Consortium of Investigative Journalists (ICIJ) from Panamanian law firm and corporate service provider Mossack Fonseca, include 11.5 million documents, some of which date back to the 1970s, that detail financial and attorney–client information for more than 214,488 offshore entities. German newspaper Sueddeutsche Zeitung was the first to get access to the Panama Papers database after a tip-off from a source named ‘John Doe’. The newspaper then granted the ICIJ access to this resource. The Panama Papers, first reported by the media on April 3, illustrate how wealthy individuals, including public officials, are able to keep personal financial information private. A … [Read more...] about Taxman, people involved react as Vietnamese names revealed in Panama Papers
(VOVworld) – "Bloomberg News" reported on Wednesday that Vietnam’s 12th National Party Congress is a chance to select new leaders. Vietnamese leaders share one common goal of quickly making the best of opportunities and advantages to develop Vietnam. This is of significance for the Vietnamese economy which has developed unsustainably and easily been affected by many factors, especially investors. According to "Bloomberg News", with such a promising market Vietnam is one of ideal choices of foreign entrepreneurs. Besides Vietnam, a country of 90 million people 60% of them at less than 35 years old, is considered a dynamic market with low costs for labor and land lease. The online paper reported the key to realizing these advantages are to increase support for industries through tax system simplification, investment in education, and fight against corruption. 2016 will mark 30 years of Vietnam’s renewal process which has lifted it to middle income countries. In … [Read more...] about Bloomberg News: Vietnam needs to take full use of opportunities for national development