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This activity not only supports Vung Tau to gear itself toward becoming a green city and responds to the call from the prime minister for one billion trees to be planted nationwide from 2021 to 2025, but also demonstrates the environmental, social, and governance strategy (ESG) that the company is pursuing – in which reaching net-zero is one of the major commitments. The impact of climate change and natural disasters has become increasingly complex, affecting all aspects of socioeconomic life and the environment and threatening the country’s sustainable development. Therefore, planting and protecting forests and developing trees for environmental protection is of vital significance. Since 2021, Vietnam has been rolling out a project to plant one billion trees by 2025. On a local scale, many cities and provinces have responded to the project by encouraging people to plant trees at home or through community programmes. For Vung Tau, this project not only increases the … [Read more...] about SCG Chemicals and Long Son Petrochemicals join Vung Tau to plant trees

SCG’s Q2/2022 operating results show continuous revenue growth despite energy costs’ effects on profits, maintaining robust financial standing. Roongrote Rangsiyopash, president and CEO at SCG disclosed, “Despite volatile situations with crisis upon crisis such as inflation, rising interest rates, increased energy and raw material costs, and climate change, SCG continues to adapt, resulting in strong overall business and financial performance. Innovative product and service developments are in full gear, especially eco-friendly items with SCG Green Choice labels and innovations to meet consumers’ demands for safety and convenience, catering to the tourism and service sector’s recovery as borders fully open." "Moreover, strategic investments are being prioritised, resulting in the delay of new projects that are non-urgent while still going through with quick-return projects and ones that are aligned with the company’s long-term growth plans. This includes the Long Son … [Read more...] about SCG accelerating strategies to address myriad of challenges

For over a month now, relevant personnel at the Ministry of Transport is busy with the final preparations to soon hand over Khanh Hoa-Buon Ma Thuot Expressway to the people’s committees of Khanh Hoa and Dak Lak provinces. In light of Decision No.17/QD-TTg dated July 28, two out of three components under Khanh Hoa-Buon Ma Thuot Expressway will be assigned to two localities having the road passage for management. The 32km-long first component with an estimated investment value of $244.8 million will be assigned to Khanh Hoa's People’s Committee while the 48km-long third component valued at around $282 million will be assigned to Dak Lak's People’s Committee. The 37.5km second component with a value reaching $426.8 million will be managed by the Ministry of Transport (MoT) as the road section lies in both localities and features complex terrain. Building a comprehensive highway network is one of the government priorities With more than 117.8km of total length, … [Read more...] about Huge transport investment expected to vitalise central regions

Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency . - Vietnam always wants to promote solidarity, friendship, and comprehensive, sustainable and long-term cooperation with Cambodia, considering this a priority in its foreign policy, Minister of National Defence General Phan Van Giang told Cambodian guests in Hanoi on August 8. Giang hosted a reception for a delegation of the Royal Cambodian Armed Forces (RCAF) led by Lt. Gen. Hun Manet, Deputy Commander-in-Chief of the RCAF and Commander of the Royal Cambodian Army. Read full story - Vietnam’s GDP growth is forecast to expand 7.5% in 2022 and 6.7% in 2023, with resilient manufacturing and a robust rebound in services serving as the driving forces for economic recovery. At the press conference to release the report. (Photo: WB Vietnam) According to the latest economic update by World Bank (WB) for Vietnam, the country’s economy expanded 5.2% in Q4 of 2021, and … [Read more...] about ☀️ Morning digest August 9

This activity not only supports Vung Tau to gear itself toward a green city model, responds to the call for one billion trees to be planted nationwide from 2021 to 2025 by the Prime Minister, but also demonstrates the ESG strategy (Environmental, Social, and Governance) that the company is pursuing, in which Net Zero is one of the major commitments. The plantation of 400 trees includes 100 poinciana trees, 300 yellow-flamboyant trees. Mr. Dhep Vongvanich, Advisor to the President & CEO of SCG, said: “In the Kick-off Conference to develop the Vietnam National Action Plan toward Circular Economy late June 2022, SCG and its subsidiaries had shown our strong commitment to work hand-in-hand with the government and the private sector of Vietnam to tackle the emerging issues of waste management, climate change and so on, toward the Net Zero Goal in 2050. For SCGC and LSP, we have actually started our actions a long time ago, as a joint effort with the local community … [Read more...] about SCG Chemicals and Vung Tau plant 400 trees in the city

In the recent report to the government, Minister of Transport Nguyen Van The noted that four component projects under North-South Highway network’s first phase with a total length stretching 361km would be put into use by the end of this year. As scheduled, the six remaining projects are slated for completion in 2023. For the 12 component projects under the North-South Highway network’s second phase, the National Assembly has approved to forge ahead following the public investment format. The government is swiftly expediting relevant procedures for the projects to be able to kick off construction right this year and trending towards completion by 2026. This lays the bedrock for growth expectations of building tickers in the upcoming time. In the construction sector, downward building material price is conducive to facilitating public investment projects Major infrastructure projects all require foundation treatment, requiring the engagement of local … [Read more...] about Construction businesses expect rosier stock performance in H2