Company fined $44,000 for breaking environmental laws

VietNamNet Bridge – Closing door and burning lemongrass extract oil is how the family of 22-year-old Thao Hien tries to prevent the seasonal dengue fever outbreak using natural products.  With the rapid spread of dengue fever, anti-mosquito services and special products have sprung up everywhere, especially in Ha Noi and HCM City. — Photo zing.vn Hien’s fear has increased since her neighbourhood on Thuy Khue Street near West Lake was declared one of the capital’s dengue fever outbreak hotspots, with five residents infected. Symptoms typically include a fever, headache, muscle and joint pains and a rash. Unlike Hien, other families choose chemical sprays to kill the virus-bearing mosquitos. Khanh Huyen of Giang Vo Ward told Viet Nam News that her father had her house sprayed several days ago, however, mosquitos keep appearing.  With the rapid spread of dengue fever, anti-mosquito services and special products have sprung up everywhere, especially in Ha Noi and HCM City.  However, the quality and safety of many of these chemicals and products are unknown.  “I spent about VND2 million (nearly US$100) on anti-mosquito chemicals to spray all over a three–storey house. I prefer to buy chemicals myself rather than rely on medical staff for the safety of our children,” Ta Tien Hung, a resident of Ha Noi’s Nam Tu Liem District, told Tien Phong (Vanguard) newspaper.  According to him, there are still mosquito larvae in his house even after it was sprayed by the district’s medical staff. Hung is just one of thousands of the…... [read more]

Britain will ban the sale of new petrol and diesel cars from 2040 in an attempt to reduce air pollution that could herald the end of over a century of reliance on the internal combustion engine. A man refuels his car at a petrol station in London, Britain, July 26, 2017. Britain's step, which follows France, amounts to a victory for electric cars that if copied globally could hit the wealth of oil producers, as well as transform car industry jobs and one of the icons of 20th Century capitalism: the automobile itself. The mayors of Paris, Madrid, Mexico City and Athens have said they plan to ban diesel vehicles from city centers by 2025, while the French government also aims to end the sale of new gasoline and diesel vehicles by 2040. The British government has been under pressure to take steps to reduce air pollution after losing legal cases brought by campaign groups. Prime Minister Theresa May's Conservatives had pledged to make "almost every car and van" zero-emission by 2050. "There should be no new diesel or petrol vehicles by 2040," environment minister Michael Gove told BBC Radio. The ban would only apply to conventional rather than hybrid vehicles that have both an electric and combustion engine, Gove's ministry said. There is a mountain to climb, however. Electric cars currently account for less than 5 percent of new car registrations in Britain, with drivers concerned about the cost and limited availability of charging points and manufacturers worried about…... [read more]

Inaccessibility to bank loans is one of the main factors that has prevented private small and medium-sized businesses from further development, experts say. Customers make borrowings at a VPBank’s office in Khanh Hoa Province.  Private businesses have made significant developments in all fields, sectors and regions. According to 2016 data from the Statistics General Department, the private sector contributed 40 per cent of the total GDP and generated 51 per cent of jobs across the country. Though the Government, the State Bank of Viet Nam and local banks have made efforts and solutions to help private businesses access bank loans, there are still troubles for them to receive financial support. “About 70 per cent of private businesses cannot access bank loans, though there are many policies that allow local banks to increase their credit growth in the private sector,” said To Hoai Nam, Secretary General of the Viet Nam Association of Small and Medium Enterprises at an online conference held yesterday by the Government portal chinhphu.vn. SMEs and private companies have to look for other available sources of capital, such as relatives and the black market, which offers high interest rates and risks, according to Nam. Local banks are often cautious considering business plans of private companies and hardly change their policies to meet businesses’ requirements. On the other hand, private companies are unable to demonstrate the potential outcomes in their borrowing proposals and comply with bank requirements about the standard form of financial reports, and they often have low-valuated…... [read more]

As Vietnam continues to report rising numbers of dengue fever infections, experts warn that virus-carrying mosquitoes in the country may have developed a resistance to insecticides. Despite being months away from traditional dengue fever seasons, Hanoi is already reporting between 1,000 and 2,000 new infections on a weekly basis. In total, the number of patients diagnosed with the mosquito-borne disease in the Vietnamese capital this year is ten times higher than the same period of 2016. The trend is countrywide. So far, 26 out of 63 provinces and cities in Vietnam have reported a higher number of dengue patients year-on-year. Insecticide resistance A number of families in Hanoi have reported seeing the re-population of mosquitoes in their neighborhood just a few days after insecticides were sprayed as a public effort to combat the dengue fever. This observation has given rise to concerns that the local mosquito population might have developed a resistance to certain chemicals. Tran Nhu Duong, director of the National Institute of Hygiene and Epidemiology, said the two main chemicals used in public campaigns to kill off mosquitoes in Hanoi are still largely effective against the insect. However, in parts of Thanh Tri and Hai Ba Trung Districts, there have been signs of resistance development in the mosquitoes, Duong noted. Duong suggested using different chemicals in these areas for better results. According to Duong, spraying insecticides should only be carried out at the peak of the outbreak…... [read more]

The mission visiting VNMAC On behalf of the VNMAC, Deputy General Director of the center Nguyen Hanh Phuc affirmed that defense cooperation between Vietnam and countries in the world have been developing in both scope and scale, contributing substantially to strengthening and building the environment of peace, stability, and development in the region and the world on the basis of mutual respect for independence and territorial integrity and interests of each country. He also hoped that foreign military attachés to Vietnam continue to contribute to boosting cooperation between the Vietnam People’s Army and their armed forces and the relations between VNMAC and international organizations in easing consequences of bombs, mines and explosives in Vietnam. The military attachés were then introduced to the functions and missions of VNMAC, the real situation of unexploded ordnance (UXO) contamination in Vietnam, the National Program for Mine Action (Program 504) of Vietnam, and the support and cooperation proposals from the international community. On behalf of the military attachés, Indian Defense Attachés to Vietnam, Colonel Paranvir Singh Punia, acting head of the military attachés mission in Vietnam, thanked the center for the warm reception and believed that the visit was a chance for military attachés to Vietnam to learn more about the UXO consequence mitigation activities in Vietnam. Translated by Huu Duong... [read more]

Private businesses have made significant developments in all fields, sectors and regions. According to 2016 data from the Statistics General Department, the private sector contributed 40 percent of the total GDP and generated 51 percent of jobs across the country. Though the Government, the State Bank of Viet Nam and local banks have made efforts and solutions to help private businesses access bank loans, there are still troubles for them to receive financial support. “About 70 percent of private businesses cannot access bank loans, though there are many policies that allow local banks to increase their credit growth in the private sector,” said To Hoai Nam, Secretary General of the Vietnam Association of Small and Medium Enterprises at an online conference held yesterday by the Government portal chinhphu.vn. SMEs and private companies have to look for other available sources of capital, such as relatives and the black market, which offers high interest rates and risks, according to Nam. Local banks are often cautious considering business plans of private companies and hardly change their policies to meet businesses’ requirements. On the other hand, private companies are unable to demonstrate the potential outcomes in their borrowing proposals and comply with bank requirements about the standard form of financial reports, and they often have low-valuated guaranteed assets. According to economist Nguyen Minh Phong, there are a few main reasons that have kept SMEs from obtaining bank loans. First, private companies do not have long-term business strategies. Therefore, they prefer available financial loans to…... [read more]

A metal company in the north-central Vietnamese province of Nghe An has been fined over VND1 billion (US$43,968) following the failure of its tailing pond. The Nghe Tinh Metal Company was slapped with the penalty after the waste storage pond servicing their tin mine was breached in Quy Hop District, Nghe An, inspectors from the Ministry of Natural Resources and Environment confirmed on Wednesday. On March 9, the tailing pond of the Suoi Bac Tin Mining Enterprise, managed by Nghe Tinh Company, gave way, causing mud and leach residue to flow into a nearby stream. About 20 local households reported that their farm-raised fish died en masse as a result of the incident. The company later offered VND30 million ($1,139) to each affected family as compensation for the damage. An inspection by competent authorities revealed that the company had been operating without prerequisite environmental papers for the past four years. Speaking with Tuoi Tre (Youth) newspaper on Wednesday evening, Nguyen Dinh Tung, chairman of the People’s Committee in Quy Hop District, stated he had not yet received the results of the evaluations of the water and mud samples from the tailing pond. The specimens were previously collected by inspectors from the environmental ministry, in coordination with the Ministry of Industry and Trade, the Nghe An Department of Natural Resources and Environment, and the environmental unit under the provincial Department of Police. Such findings will facilitate an aftermath assessment that will be…... [read more]

Private businesses have made significant developments in all fields, sectors and regions.  According to 2016 data from the Statistics General Department, the private sector contributed 40% of the total GDP and generated 51% of jobs across the country. Though the Government, the State Bank of Vietnam and local banks have made efforts and solutions to help private businesses access bank loans, there are still troubles for them to receive financial support. “About 70% of private businesses cannot access bank loans, though there are many policies that allow local banks to increase their credit growth in the private sector,” said To Hoai Nam, Secretary General of the Vietnam Association of Small and Medium Enterprises at an online conference held yesterday by the Government portal chinhphu.vn. SMEs and private companies have to look for other available sources of capital, such as relatives and the black market, which offers high interest rates and risks, according to Nam. Local banks are often cautious considering business plans of private companies and hardly change their policies to meet businesses’ requirements. On the other hand, private companies are unable to demonstrate the potential outcomes in their borrowing proposals and comply with bank requirements about the standard form of financial reports, and they often have low-valuated guaranteed assets. According to economist Nguyen Minh Phong, there are a few main reasons that have kept SMEs from obtaining bank loans. First, private companies do not have long-term business strategies. Therefore, they…... [read more]

Customers make borrowings at a VPBank’s office in Khanh Hoa Province. — VNA/VNS Photo Tran Viet Inaccessibility to bank loans is one of the main factors that has prevented private small and medium-sized businesses from further development, experts say. Private businesses have made significant developments in all fields, sectors and regions. According to 2016 data from the Statistics General Department, the private sector contributed 40 per cent of the total GDP and generated 51 per cent of jobs across the country. Though the Government, the State Bank of Viet Nam and local banks have made efforts and solutions to help private businesses access bank loans, there are still troubles for them to receive financial support. “About 70 per cent of private businesses cannot access bank loans, though there are many policies that allow local banks to increase their credit growth in the private sector,” said To Hoai Nam, Secretary General of the Viet Nam Association of Small and Medium Enterprises at an online conference held yesterday by the Government portal chinhphu.vn. SMEs and private companies have to look for other available sources of capital, such as relatives and the black market, which offers high interest rates and risks, according to Nam. Local banks are often cautious considering business plans of private companies and hardly change their policies to meet businesses’ requirements. On the other hand, private companies are unable to demonstrate the potential outcomes in their borrowing proposals and comply…... [read more]

The latest Taking Stock, the World Bank’s biannual economic report on Vietnam, recognises strong momentum in Vietnam’s economy in the first half of 2017 and points to policies to solidify macroeconomic resilience and address structural bottlenecks to growth. Amidst strengthening recovery in the global economy since late 2016, Vietnam’s gross domestic product (GDP) expanded by 5.7 per cent during the first half 2017, while inflation has so far moderated and core inflation remains low, at less than 2 per cent. “Vietnam’s economy is strong, as a result of strong momentum of Vietnam’s fundamental growth drivers - domestic demand and export-oriented manufacturing,” said Sebastian Eckardt, Lead Economist and Acting Country Director for the World Bank in Vietnam. According to the WB, the service sector, which accounts for over 40 per cent of GDP, accelerated in the first half of this year, driven by buoyant retail trade growth, as a result of sustained growth of domestic consumption. Industrial production remains robust despite a significant reduction of output in the oil sector, and growth has gradually recovered in agriculture, though the recovery is still fragile. The report noted that after a large surplus in 2016, Vietnam’s external current account balance started to decline in early 2017, due to an expected recovery in import growth. The nominal exchange rate has been relatively stable, but the real effective exchange rates (REER) continue to appreciate. Vietnam’s medium-term outlook remains positive, with real GDP growth projected to accelerate…... [read more]




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