An Phu Company which is responsible for the afforestation and forest management project was also shamed after 15.4 cubic metres of timber was found under three holes in their forest areas. The police launched an investigation into deforestation and Lam Dong People's Committee fined the company VND251m (USD10,800) for illegally building 14 houses and illegally converting 28ha of forest land for other usage. … [Read more...] about VIETNAM NEWS JANUARY 15
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VIETNAM BUSINESS NEWS JANUARY 15
Insiders said leather-footwear production is mostly limited to Cut, Make, Trim activities, and exports were mostly done via intermediaries rather than directly with importing brands. Companies involved often lack human resources for information updates on markets and customers. Most of them produce goods following orders. Their reliance on imported materials also hinders them from meeting origin rules set by new-generation free trade agreements. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 15
Vietnam to cut 1.3 billion kWh of renewable energy this year
Two engineers work at a solar power plant – PHOTO: COURTESY OF MINISTRY OF INDUSTRY AND TRADE HCMC – Vietnam has plans to cut 1.3 billion kWh of renewable energy in 2021 due to oversupply and overloaded transmission lines, Nguyen Duc Ninh, director of the National Load Dispatch Center, said at a meeting of Vietnam Electricity Group (EVN) on January 13. … [Read more...] about Vietnam to cut 1.3 billion kWh of renewable energy this year
VietinBank named fastest-growing SME bank in Vietnam
With a desire to accompany and empower SME customers to overcome the crisis caused by COVID-19 and stabilise development in the next stage, VietinBank took new and innovative approaches. A series of credit solutions to remove difficulties and support customers affected by the pandemic have been carried out promptly and effectively through specific campaigns and programmes. As a result, VietinBank won trust of traditional customers and spread a strong message among the SME community. … [Read more...] about VietinBank named fastest-growing SME bank in Vietnam
Vietnam backs Yemen’s sovereignty, independence, territorial integrity
Mark Lowcock, UN Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, said that the most urgent priority in Yemen right now is to prevent a massive famine. Sixteen million Yemenis are poised to go hungry this year, and about 50,000 already find themselves in the midst of a small famine, he said, adding: “Every decision the world makes right now must take this into account.” … [Read more...] about Vietnam backs Yemen’s sovereignty, independence, territorial integrity
