Nawaplastic still hungry for Binh Minh Plastic shares Owning a dominant stake in Binh Minh Plastic (BMP) did not quench Nawaplastic Industry Co., Ltd. (Nawaplastic)’s thirst for BMP shares. Most recently, Nawaplastic registered to buy an additional 1.17 million BMP shares to increase its holding to 44.525 million shares, equalling 54.39 per cent of the charter capital. The transaction is expected to occur between June18 and July16. The registered share volume is the remaining part of the 2.86 million shares that Nawaplastic failed to buy during previous transactions. Notably, Nawaplastic registered to buy 2.86 million BMP shares during transactions on May 14-June 12, however, the Thai investor ended up buying 1.69 million of the registered shares as BMP did not match Nawaplastic’s target price. BMP manufactures and trades civil and industrial products made of plastic and rubber. The company also designs, manufactures, and trades in plastic moulds for the casting industry; … [Read more...] about BUSINESS IN BRIEF 19/6
Building green one un house
BUSINESS IN BRIEF 31/3
Danang Hi-Tech Park needs VND1.3 trillion Danang City is promoting investments into housing, training and service facilities in Danang Hi-Tech Park (DHTP) worth a combined VND1.268 trillion, according to the Danang Investment Promotion Agency. Director of the agency Le Canh Duong on March 26 said local and foreign firms could choose to invest through public-private partnerships (PPP), which include build-operate-transfer (BOT). In addition to seeking capital for these facilities, DHTP also wants to attract investors to a research and development center to assist operations of enterprises there. Such projects can be financed by official development assistance (ODA) capital, according to Doan Ngoc Hung Anh, deputy head of the DHTP management board. In particular, the housing development project comprises villas, adjoining houses and condominiums with an investment estimated at VND842 billion. It aims to provide quality accommodation for employees, experts and scientists working at DHTP. … [Read more...] about BUSINESS IN BRIEF 31/3
Social News 30/3
Fire threat stalks Bình Dương wood workshops Many woodwork plants in Bình Dương Province face a high risk of fire since they lack proper prevention equipment. —Photo: thanhnien.vn With the year just three months old there have already been fires at many wood processing workshops in Bình Dương Province, which have caused injuries to people and damaged properties. Recently there have been several fires in Tân Uyên town that caused serious damage with thousand of square metres of workshops burnt down and several businesses going bankrupt as a result. In February a fire destroyed a 1000sq.m facility belonging to Mỹ Nghệ wood processing workshop in Thuận An town. The province has more than 600 woodwork facilities, but only 10 per cent of them have effective fire prevention equipment. Though losses caused by fire are huge, most businesses, with an eye on cost, fail to invest in fire prevention equipment. … [Read more...] about Social News 30/3
World cities go dark as global Earth Hour climate campaign kicks off
The Sydney Opera House, the Eiffel Tower and Moscow's Red Square were among the world landmarks to go dark on Saturday (Mar 24), as part of a global campaign to raise awareness about the impacts of climate change. Sydney Harbour Bridge and the Opera House went dark for an hour Saturday to kick off a global campaign to raise awareness about the impacts of climate change. (Photo: AFP/Peter Parks) Earth Hour, which started in Australia in 2007, is being observed by millions of supporters in 187 countries, who are turning off their lights at 8.30pm local time in what organisers describe as the world's "largest grassroots movement for climate change". "It aims to raise awareness about the importance of protecting the environment and wildlife," Earth Hour organiser WWF Australia chief Dermot O'Gorman told AFP. In Paris, the Eiffel Tower plunged into darkness as President Emmanuel Macron urged people to join in and "show you are willing to join the fight for nature". "The time for … [Read more...] about World cities go dark as global Earth Hour climate campaign kicks off
Vietnam, UN to build stormproof housing for at-risk coastal communities
Thousands of families along Vietnam's typhoon-battered coast will soon be protected by stormproof housing which will help pull them out of poverty, government and United Nations officials have said. Vietnam is one of 10 countries most affected by climate change, according to the latest annual Climate Risk Index published by the research organization Germanwatch. Coastal residents are particularly vulnerable as storms increase in frequency and intensity. They are often trapped in poverty due to the amount of money they are forced to spend on rebuilding or repairing their homes, businesses and possessions. "There is a really strong link between poverty and being able to accumulate assets, and housing is one of the major assets," said Jenty Kirsch-Wood, a senior technical advisor at the U.N. Development Program (UNDP). "If we can get some of these highly vulnerable people into safe houses, it not only protects their lives, but also their assets and small businesses," Kirsch-Wood … [Read more...] about Vietnam, UN to build stormproof housing for at-risk coastal communities
Social News
Green trees neglected in Ho Chi Minh CityWhile some of the city’s trees have become common dumping grounds for local garbage, others are suffocating from cement poured over their roots.According to the observation of Tuoi Tre (Youth) newspaper reporters, trees along D2 Street in Binh Thanh District have had their roots buried under a layer of cement, making it difficult for the plants to be taken care of or watered.“They are still growing just fine. I protect these trees from being chopped down,” a resident explained.Several trees on the promenades of Hoa Hao Streets in District 11 have also been subjected to such neglectful treatment.“The concrete surrounding their roots has been damaged, causing soil to be washed into our houses,” a local said.“Since authorities have been unable to deal with the problem, we decided to fix it ourselves,” he continued.Meanwhile, green trees on a section of Dien Bien Phu Street in Binh Thanh District have become … [Read more...] about Social News
BUSINESS IN BRIEF 4/2
ADB helps urban infrastructure development in HCM CityVice Chairman of Ho Chi Minh City People’s Committee Tran Vinh Tuyen on February 1 received Eric Sidgwick, Asian Development Bank (ADB)’s Country Director for Vietnam.At the meeting, the municipal official affirmed that HCM City is committed to implementing cooperation deals with its partners, especially ADB. He added that the Vietnamese Government is revising projects using official development assistance (ODA) to ensure their effective implementation.Regarding the four major projects between HCM City and ADB, Tuyen noted that the city has asked the Ministry of Planning and Investment to allocate funding for the metro line No.2.It also approved the compensation plan for land clearance which the HCM City’s Management Authority for Urban Railway and ADB have agreed on. In addition, HCM City has worked on ADB’s recommendations on the first phase of the metro line No.5.For his part, Sidgwick affirmed to support … [Read more...] about BUSINESS IN BRIEF 4/2
Project to improve resilience towards climate change in coastal areas Most Recent News
NDO/VNA – The Ministry of Agriculture and Rural Development in collaboration with the UN Development Programme (UNDP) held a workshop in Hanoi on November 24 to launch a project on improving the resilience of vulnerable coastal communities towards climate change related impacts in Vietnam. The project worth more than US$29 million is funded by the Green Climate Fund (GCF) through the UNDP and will be implemented during 2017-2022. It aims at raising resilience against the bad consequences of climate change in Vietnam through building safe homes, increasing the coverage of mangrove forests, and providing trustworthy information concerning climate risks. Accordingly, the project will help build 4,000 houses designed to resist flood and regenerate 4,000 ha of mangrove forests, and update information about losses of disasters and climate. The project is expected to benefit 28 coastal localities, with the focus on northern Nam Dinh province, central Quang Binh, Thua Thien-Hue, Quang … [Read more...] about Project to improve resilience towards climate change in coastal areas Most Recent News
Social News 15/12
Vietnam zeroes in on hunger eliminationPoverty alleviation and hunger eradication has been a consistent priority for Vietnam and the country is committed to achieving these goals in cooperation with the international community, Deputy Prime Minister Trinh Dinh Dung said in Hanoi on December 13.Dung was speaking at the first meeting of the National Steering Committee for the ten year (2016-2025) Zero Hunger Action Programme.The programme was established by the Prime Minister in 2014 in response to the “Zero Hunger Challenge” of the United Nations, a major initiative to eradicate hunger worldwide.Vietnam’s action programme targets ensuring enough food and nutrition for all citizens towards improved physical and intellectual health; and towards fulfilling sustainable development goals (SDGs) of food security and sustainable agricultural development.There are five specifics targets under the action programme, including ensuring food and nutrition for people all year … [Read more...] about Social News 15/12
Social News 12/12
New aid package targets flood-hit poor, near-poor familiesThe aid package of nearly 1 million USD committed by the Government of the Republic of Korea (RoK) in early November will be used to assist poor and near-poor Vietnamese families affected by typhoon Damrey to rebuild their houses. The UN Development Programme (UNDP) and the RoK Embassy in Vietnam and the General Department of Disaster Prevention and Control under the Vietnamese Ministry of Agriculture and Rural Development signed an agreement on the implementation of the aid package in Hanoi on December 12. With the donation, which is channeled via the UNDP, the flood-hit families will be supported in terms of knowledge and necessary resources to repair their houses, making them resistant to upcoming storms and floods. UN Resident Coordinator in Vietnam Kamal Malhotra said ensuring residents’ access to safe housing is the core of the rehabilitation work.Tran Quang Hoai, permanent member of the Central … [Read more...] about Social News 12/12