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Shipping giant insolvency worries importers, exporters
The bankruptcy of Hanjin Shipping Global has surprised the world’s freight & forwarding market and caused alarm among Vietnamese goods owners. The international press has reported that the Hanjin Shipping Global, one of the world’s 10 largest shipping firms, has filed for bankruptcy in the South ...
Drought devastates local shrimp industry
This year’s prolonged drought and saltwater intrusion in the Mekong Delta has destroyed more than 81,000 hectares of prime shrimp breeding areas in eight provinces, says the Ministry of Agriculture and Rural Development. Shrimp farmers in Ca Mau Province in the very south of the country, ...
Recycled waste-to-fertilizer plants left idle, investors flee
A series of plants making fertilizer from domestic waste have been built in recent years with ODA capital. And a lot of them, capitalized at tens or hundreds of billions of dong have been left idle. In late 2012, the Hai Duong fertilizer plant was put ...
Vietnam should not invest in steel
Former Minister of Planning and Investment, Professor Nguyen Mai, speaks to the Tuoi tre newspaper, suggesting that HSG should focus on the manufacture of high grade alloy rather than steel. Recently, the Hoa Sen Joint Stock Group made public a super project for steel production in ...
PM attends 8th Mekong-Japan summit
Vietnam pledges continued efforts to foster the Mekong-Japan cooperation for the sustainable development, peace, stability and prosperity in the region, Prime Minister Nguyen Xuan Phuc has affirmed. The Vietnamese Government leader made the statement in Vientiane, Laos on September 7 while attending the 8th Mekong-Japan Summit ...
Forest devastation continues as agencies neglect their jobs
The deforestation cases found recently, including 10,000 hectares in Quang Tri province, the fokienia forest devastation in Quang Nam province, and the use of 575 hectares of forest for a husbandry project in Binh Phuoc province, all show problems at supervising agencies. FAO once ranked Vietnam ...
Increased pressure on domestic banks comes from foreign rivals
Foreign banks are increasing their presence in Vietnam through various forms by establishing 100% foreign-owned banks or opening branches. With advantages of capital and services, once the Trans-Pacific Partnership takes effect, foreign banks will have more advantages in Vietnam. Meanwhile, domestic banks that are still undergoing ...
Scientists: Chinese exports polluting Vietnam through Red River
Lao Cai province’s chair Dang Xuan Phong said the Red River’s water from the other side of the border with China is becoming more seriously polluted. Phong made the complaint at a national online conference on environmental protection chaired by Prime Minister Nguyen Xuan Phuc on ...
Mekong Delta region awaits floods
The Mekong Delta, the rice, seafood and fruit granary of the country, is facing landslides and sinking, as it no longer receives enough silt because of limited floodwaters. “We have been living here for several generations and we have never seen such poor floodwaters until the ...
Government pledges zero tolerance to corruption
Cabinet members discussed several draft laws in the spirit of building a constructive government with zero tolerance toward corruption during the first two days of the Government’s monthly meeting, according to Minister-Chairman of the Government Office Mai Tien Dung. The minister said at a press conference ...
