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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

Moreover, economic policy that follows the fortunes of these firms would benefit not just women but all economic participants. Most obviously, monetary and fiscal policy would have an incentive to look past the headline numbers and consider how the larger statistics on GDP and unemployment are filtering down to the less advantaged. This will create a bias toward greater support during a downturn. Focusing on the health of women-owned businesses would also improve economic resilience. Women are more likely to be in economically vulnerable jobs than men, and with poorer access to finance, and businesses owned by them are at greater risk of bankruptcy because of temporary liquidity issues rather than more serious solvency issues. … [Read more...] about Is Vietnam’s economy recovering from COVID-19? Ask female entrepreneurs

With strong purchasing power, young population structure, strong Internet platform, preferential corporate tax policies of 15 per cent and a surge in FDI inflows with a total registered capital of $36 billion last year, Việt Nam is heading towards high-tech industrial agriculture and other supporting industries. … [Read more...] about PM welcomes Australian firms to Vietnam

Hanoi (VNA) – The Mitsubishi Motors Vietnam Co. Ltd (MMV) on January 18 began recalling 9,066 units of Xpander and Outlander models to replace fuel pumps. The recall covers 3,696 Mitsubishi Xpanders manufactured from August 21, 2019 to September 20, 2019, and 5,370 Mitsubishi Outlanders assembled between January 15, 2018 and July 21, 2019. The carmaker said the fuel pump inside the gas tank may stop working, leading to inability to start the engine or shut-down of the engine. It cited an investigation of Mitsubishi Motors Japan as finding that the inflated impeller inside of the pump might have caused it to touch the surrounding parts of the pump body and stop the pump from spinning, which can result in the engine inability to start or the engine stalling. For fuel pumps, the impellers are made of low molecular density plastic, so it is easily swollen under normal operating conditions.  MMV will conduct a replacement campaign with the new improved fuel pumps for … [Read more...] about Over 9,000 Mitsubishi cars recalled over fuel pump fault

Invested by Thanh Thanh Cong (TTC) Group, the 100-MW Tan Phu Dong 1 covering about 22 ha, will be built with a total investment of 4.46 trillion VND (193.88 million USD). It is projected to generate about 307.6 million kWh of electricity per year. … [Read more...] about Two wind power plants to be built in Tien Giang province