$3.2 billion Vung Ro Refinery and petrochemical complex The Phu Yen People’s Committee has asked the Management Board of Phu Yen Economic Zone in collaboration with the province’s Department of Planning and Investment to consider the decision to revoke the project invested by Vung Ro Petroleum Company Limited (VRP), the developer of the Vung Ro project. The Vung Ro project was granted an investment certificate in 2008, with a total investment capital sum of nearly $3.2 billion and annual capacity of eight million tonnes of crude oil. The refinery is going to be constructed on an area of 538 hectares. Of the total, 404ha will be used for the construction of the refinery, and 134ha, excluding the areas of sea encroachment, will be used for the construction of Bai Goc Seaport. Besides, this project is allowed to use 500-1,300ha of sea surface area. In 2014, VRP held the ground-breaking ceremony for the refinery. The complex was slated to start commercial operations by 2016 … [Read more...] about $3.2 billion Vung Ro refinery and petrochemical complex revoked
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Meeting talks sustainable development of agricultural material areas
World Bank Country Director for Vietnam Ousmane Dione addresses the meeting in Hanoi on December 5 (Photo: VNA) Hanoi (VNA) – The Ministry of Agriculture and Rural Development (MARD) held a meeting in Hanoi on December 5 to discuss ways to sustainably develop raw material areas and improve processing capacity and market access for agro-products of Vietnam. MARD Minister Nguyen Xuan Cuong said though the agricultural sector of Vietnam has obtained major achievements, it cannot rest on its laurels due to three challenges, which are the small production scale, climate change impacts and economic integration into the world. He admitted that the country has good agricultural production capacity but the production remains ineffective due to the small scale. Besides, deep processing has just developed for only some commodities like shrimp, tra fish and milk to create products with higher added value. Most of other agricultural products have very short value chains. Vietnamese … [Read more...] about Meeting talks sustainable development of agricultural material areas
Vietnamese-Cambodian children in Phnom Penh start new school year
Students at the opening ceremony of the new school year at Khmer-Vietnam Tan Tien friendship primary school in Phnom Penh on November 5 Phnom Penh (VNA) – Children of Vietnamese Cambodians studying at the Khmer-Vietnam Tan Tien friendship primary school in Phnom Penh began their 2018-2019 school year on November 5. Built by the Vietnam-Khmer Association, the Khmer-Vietnam Tan Tien friendship primary school is the largest Khmer-Vietnamese bilingual school in Cambodia. It provides kindergarten-to-fifth grade education that can enable its students to study in public schools in Cambodia and Vietnam. The opening of the new school year was attended by Ambassador of Vietnam to Cambodia Vu Quang Minh, and representatives from the Education, Youth and Sports Department of Phnom Penh, the Khmer-Vietnam Association, among others. Addressing the event, Vice Director of the Education, Youth and Sports Department of Phnom Penh Uk Channtha hailed the efficiency of the teaching … [Read more...] about Vietnamese-Cambodian children in Phnom Penh start new school year
Conference held to seek measures for the comprehensive development of children
Themed “Working across sectors to promote nurturing and sustainable environments for young children,” the event attracted the participation of over 500 delegates from 35 countries and territories and 44 UN, international, and regional organizations. Deputy PM Vu Duc Dam speaking at the event The three-day conference aims to raise awareness among policymakers and those who study threats to children’s development as well as to mobilize efforts in taking care of children. Delegates will share experiences in multi-sectoral models and programs to mitigate the impact of toxic environment on children, promote a nurturing environment for them, and increase multi-sectoral partnership in the field. Speaking at the opening ceremony, Deputy Prime Minister Vu Duc Dam emphasized that laws and policies of countries, including Vietnam, always give priority to children. He called for joint efforts between the State agencies, organizations, and families in taking care … [Read more...] about Conference held to seek measures for the comprehensive development of children
Vietnam stocks tumble
Stock Market Vietnam stocks tumble The Saigon Times Daily Thursday, Dec 5, 2019,20:00 (GMT+7) Vietnam stocks tumbleThe Saigon Times Daily A securities employee monitors share prices. The local stock market fell today, December 5, 2019 - PHOTO: THANH HOA HCMC – The local market lost steam today, December 5, with the VN-Index falling nearly 0.3% from the session earlier. The benchmark index reversed course after bouncing back in the previous session. That rattled investors as they turned clueless about the upcoming market movements. According to Bao Viet Securities Company, the market is expected to move in the range of 950 and 970 points before clearer clues of direction emerge. In addition, it is forecast to make headway in the second half of December, particularly after the restructuring of exchange-traded funds (ETFs). In a recovery scenario, it will likely retest the resistance range of 990-995 points in the … [Read more...] about Vietnam stocks tumble