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/ February 26, 2021

Steel maker Hoa Phat to manufacture cargo containers

Illustrative image (Source: tinnhanhchungkhoan.vn) Hanoi (VNA) - Steel maker Hoa Phat Group is recruiting experienced personnel for a cargo container manufacturing project expected to start production in the second quarter of next year, according to the company. The new shipping container plant will have a designed capacity of 500,000 twenty-foot equivalent unit (TEU) per year. Global demand for cargo containers is on the rise as a result of growing e-commerce and foreign trade, said Nguyen Manh Tuan , Vice Chairman of the Hoa Phat Group. “We have been conducting research in various fields and are confident we have the ‘firepower’ to make the container manufacturing project successful and competitive with manufacturers from China, the world’s leading container producer,” he said. The group’s recruiters are working against the clock to enable the construction of the plant to begin as soon as possible. According to Hoa Phat, shipping containers are made from weather-resistant and expensive SPA-H steel. Steel currently accounts for about 55 percent of the production cost. In Vietnam, only the Hoa Phat Dung Quat Complex has the technology to produce this type of steel at a reasonable cost, Tuan said. Hoa Phat has estimated it will need to produce 1 million tonnes of Hot-Rolled Coil (HRC) steel to reach an annual capacity of half a million TEUs. The group manufactured nearly 700,000 tonnes of HRC and more than 5 million tonnes of billet and construction steel last year. Its Dung Quat 2 project is scheduled to be operational in early 2022. Set to manufacture HRC steel using the latest advanced technology, it has a designed capacity of 5 million tonnes per year. Though the shipping container market is growing 5 percent annually, there has been a shortage of supply. In previous years, China had produced 90 percent of the world’s containers. The country, however, has cut output by 40 percent over the last two years, despite growing domestic …

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/ February 28, 2021

Poor people prioritized in Vietnam’s Covid-19 vaccination plan

The Hanoitimes - The country has approximately nine million of people or around 9% population living in poverty. Poor people are listed among priority groups in Vietnam’s vaccination against Covid-19, which is planned to take place in March. People aged 65 and older are listed in priority groups for Covid vaccination in Vietnam. Photo: VGP According to the United Nations, around 9% of Vietnam’s population or roughly nine million people living in poverty in 2019, a drastic reduction from 57% in 1990. Factors that characterized the poor include large size of household, low education and skills, dependency on agriculture, remoteness in rural mountainous areas, lack of supporting infrastructure. The poor nowadays is also specifically associated with ethnic minorities in mountainous area rather than urban migrants. Under the government’s resolution dated February 26, the poor and social beneficiaries belong to nine groups of people prioritized for the inoculation in the country of nearly 100 million population. Other groups in the priority list include: - Health workers and frontline forces (members of the steering committee for Covid prevention at all levels, people working in quarantine centers, contact tracers, volunteers, reporters, among others); army officers; policemen. - Vietnamese diplomats abroad; customs and state officials working in immigration service. - Essential providers in aviation, transportation, tourism, clean water, electricity, among others. - Teachers and employees in education sector; people working in administration agencies having frequent contact with others. - People with underlying diseases and those above 65 years of age. - People in the pandemic-hit areas. - The poor and social beneficiaries. - People in overseas mission. - And other people decided by the Ministry of Health basing on the requirements of the pandemic control. People, who are subject to the first shots (the first phase) of …

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/ February 28, 2021

HCMC resolves difficulties for real estate to boost economic development

On behalf of the real estate enterprises, Mr. Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association (HOREA), said that compared to the previous year, there was an additional petition of Gamuda Land Joint Stock Company. The petition states that while waiting for the Prime Minister to decide on a VND514-billion deduction following the recommendations of the Government Inspectorate, over the past time, construction investment and business activities of the company have been stagnant, affecting the reputation and brand of this company in 10 years of operation in Vietnam. As for the matter of social housing, Mr. Le Huu Nghia, CEO of real estate developer Le Thanh, said that they were considering whether to develop social housing again. Because of too many difficult procedures, many people advised him to play safe by switching to develop commercial real estate. At the Le Thanh Tan Kien social housing project in Binh Chanh District, although the HCMC People's Committee had directly instructed to remove obstacles, after three years of implementing the project, now it backs to square one. Although the regulation for the processing time of the application by authorities is 215 days, in fact, the processing of the application can take a lot longer than that because the application must be transferred between departments and districts. Even a document from the urban management office to the district People's Committee takes several months. Moreover, although the social housing projects are invested by enterprises from start to finish, they are audited as projects using capital from the State budget. Meanwhile, the auditors are too strict. They slap them with high fines on petty mistakes, discouraging investors, Mr. Le Huu Nghia explained. Le Thanh Company is one of 20 enterprises that have petitioned the city through the summary of HOREA. This list shows that many petitions had been raised by investors at meetings with the city leaders in the past years, …

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