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However, Hoang, former Deputy Minister Ho Thi Kim Thoa, and Dung directed subordinates at the ministry and Sabeco to carry out procedures for using land use rights and Sabeco's money as capital contributions to set up Sabeco Pearl, a joint venture between the firm and a number of private enterprises, to implement a project building a hotel, a trade and convention centre, and office space for lease on the land. … [Read more...] about VIETNAM NEWS JANUARY 19

Vicofa Chairman Luong Van Tu cited experts as forecasting that the coffee market may recover in the time ahead but very slowly because the COVID-19 pandemic remains complicated and many regions around the world have yet to resume tourism activities. Domestic consumption still falls short of expectations as many coffee shops have had to shut down due to the lack of customers. … [Read more...] about BUSINESS NEWS JANUARY 19

Jakarta (VNA) - Torrential rains have hampered the search for victims in an earthquake in Indonesia’s Sulawesi island which killed at least 73 and left thousands homeless. Excavators and cranes were deployed across the devastated seaside city of Mamuju, which suffered the 6.2-magnitude quake on January 15. It was unclear how many people - dead or alive - could still be under the mountains of debris in the aftermath. Local police have deployed sniffer dogs to help in the search at a badly damaged hospital. Rescuers said that the rain poses risks because damaged buildings could collapse if it gets too heavy, and aftershocks could move them too. The quake brought in 28 aftershocks, destroyed hundreds of houses and many office buildings, hotels, hospitals and shopping centres in Mamuju city and Majene district. More than 820 people were injured and about 15,000 left their homes after the quake. Straddling the so-called Pacific ‘ring of fire’, Indonesia, an … [Read more...] about Indonesia: heavy rains hamper rescue of quake victims

Jakarta (VNA) – Another earthquake, measuring 4.2 magnitude, shook Majene district, West Sulawesi of Indonesia, on January 18, four days after a 5.9-magnitude quake jolted the central province. The tremors could be felt in the coastal city of Mamuju. According to the Indonesia Meteorological, Climatological and Geophysical Agency (BMKG), the epicentre was at the depth of 10km, and 16km to the east of Majene. Since January 14, Mamuju and Majene have been repeatedly struck by quakes and subsequent aftershocks. A 6.2-magnitude quake on January 15 claimed 81 lives and injured more than 820 people. It has also forced about 28,000 people to flee their homes to seek safety. Indonesia, one of the most disaster-prone nations on earth, straddles the Pacific “Ring of Fire”, where tectonic plates collide and large portion of the world’s volcanic eruptions and earthquakes occur. In 2018, a devastating 6.2-magnitude quake and tsunami struck the city of Palu, further … [Read more...] about Indonesia: Another 4.2-magitude quake shakes West Sulawesi