FPT signs strategic deal with Coca Cola Viet Nam

Hoa Binh Construction & Real Estate Corp (HBC) has won bid to construct five projects with contract value of VND2.5 trillion (US$110 million) in HCM City and Phu Quoc Island in the southern province of Kien Giang. — Photo cafef.vn Hoa Binh Construction & Real Estate Corp (HBC) has won bids to construct five projects with a contract value of VND2.5 trillion (US$110 million) in HCM City and Phu Quoc Island in the southern province of Kien Giang. Of the five projects, HBC will become General Contractor of Design and Build (D&B) of two projects in HCM City. One, the Lim Tower III Project, is supported by investments from the An Khang Investment and Trading Co., Ltd. Lim Tower III is a 25-storey Grade-A office building with three basements. The total contract value is estimated at over VND940 billion. HBC will also become the D&B General Contractor for South Gate housing and commercial complex in HCM City’s Phu My Hung Urban Area, financed by Hong Ha Investment and Trading Joint Stock Company, with a total contract value of over VND610 billion. The company will be the main contractor for the civil works of 356 villas of the Sun Premier Village Kem Beach Resort project on Phu Quoc Island. The project is backed by Phu Quoc Civil Construction Limited Liability Company with a contact value of more than VND505 billion. HBC has also won a bid to construct and complete the No1 Executive Management…... [read more]

Illustrative image (Source: VNA) Hanoi (VNA) – The Ministry of Agriculture and Rural Development (MARD) has announced that it already granted certificates to 28 agricultural businesses applying high technologies.  Of them, nine firms specialise in growing vegetables and flowers, while 8 others breed animals and 11operate in aquaculture. The MARD is devising a draft decision amending and supplementing Decision No. 69/2010/QD-TTg regulating jurisdiction and procedures of recognising high-tech agricultural firms. Accordingly, the provincial People’s Committees will be authorised to grant certificates to eligible enterprises. Apart from Hau Giang and Phu Yen high-tech agricultural areas already approved by the Prime Minister, the provinces of Thai Nguyen, Thanh Hoa, Lam Dong and Quang Ninh have built schemes to establish high-tech agricultural zones to submit to the MARD for approval. The southern province of Binh Duong, the central province of Khanh Hoa and Ho Chi Minh City are now home to several effective high-tech farming models although they have yet to submit documents to the Prime Minister for endorsement. The Trung Son high-tech agricultural zone based in the southern province of Kien Giang, which raises white-leg shrimps on an industrial scale, is the only one that has gained recognition. In fact, a number of high-tech agricultural zones have been developed nationwide, which focus on rice, fruit and vegetable cultivation and cattle and poultry farming up to VietGAP, VietGAPH and GlobalGAPH standards.-VNA... [read more]

The problem has been compounded by the erosion of fertile soil and the salinization of the Mekong Delta brought about by climate change the speakers told the audience. And should the current trends remain constant, the arable land in Vietnam could decrease by as much as 3.2% by the end of the century, resulting in a decrease of 7.2 tons of rice per annum. Rising sea levels due to climate change have led to more saltwater entering and flowing upstream in the Mekong Delta causing increased flooding that erodes the river banks and results in intensified salinization of farmland making it unsuitable for rice farming. On a positive note, high-tech and climate-smart agriculture can mitigate this trend by formulating new farming techniques and better products more suitable for the changing environmental conditions, the speakers noted. High-tech farming utilizes technology to produce more efficient, environmentally-friendly farming processes that result in better quality crops, compared to existing more traditional methods. Effective high-tech farming introduces more cost-efficient operations for farmers and greatly enhance potential for higher top line sales and bottom line earnings because of improved quality of farm produce and consumer willingness to pay more for safer food. Climate-smart agriculture, which is somewhat analogous to high-tech agriculture, presents innovative farming methods to cope with the negative aspects brought to the forefront by climate change. Innovative farming, for example, would introduce hardier crops that could better withstand natural disasters and fluctuations in…... [read more]

NDO – The Netherlands Development Organisation (SNV), in collaboration of the Thai Binh provincial People’s Committee, launched the “AgResults Vietnam Emissions Reduction Pilot” on August 22, which aims to decrease greenhouse gas (GHG) emissions that come from rice farming in Vietnam, by incentivising the uptake of innovations in rice farming technology through monetary awards. The project will provide a platform to test and scale up innovative technologies and new approaches for reducing GHG emissions from rice production. Apart from the potential for climate change mitigation, the initiative will contribute to increasing farm productivity and incomes for smallholder farmers across Vietnam. Thai Binh is the only locality in Vietnam to be chosen by the project management board to implement the project in the five years between 2016 and 2021. Instead of providing immediate funding for organisations and individuals, the project will select and verify innovative solutions and topics that meet the criteria of mitigating climate change and improving livelihoods for rice farmers. Total prizes are worth US$3 million. After a period of verification, the project management board has chosen 11 units which are working in the field of agriculture from across the country, to participate in technology demonstration models in 11 communes in Thai Binh province, whilst building 11 reference models to evaluate the effectiveness of each technology. The AgResults Vietnam project, managed by SNV, is part of the AgResults project which is co-sponsored by the governments of Australia, Canada, the UK and the US, and the Bill & Melinda Gates…... [read more]

The investment incentives are contained in a draft Law on Special Administrative Economic Units that the ministry has prepared for submission to the Government and the National Assembly (NA). The special economic zones are Phu Quoc in Kien Giang Province, Van Don in Quang Ninh Province and North Van Phong in Khanh Hoa Province. The MPI is suggesting an income tax exemption of five years for individuals living and working in these zones, and a 50% income tax break in the remaining years until 2030. This applies to “managers, scientists and qualified experts, as well as businesses, workers and other economic factors,” the draft says. The draft is slated to be passed by the National Assembly at its meeting in October this year. The MPI has also asked that Phu Quoc be given its own incentives, such as increasing additional income for civil servants working here from 30% to 50% of their base salary. It has also suggested that in order to encourage investment, local administrations of the special zones are allowed to grant permanent residency to foreign investors with projects worth US$5 million and above who stay for a minimum of five years in Phu Quoc without breaking any Vietnamese law. The MPI also considers Phu Quoc’s infrastructure to be developing with balance and forethought, with many high quality resorts operating successfully. It notes that the Politburo has permitted the island to build a casino where Vietnamese citizens would be…... [read more]

Phu Quoc Island’s coastline. — VNA/VNS Photo Truong Vi The Ministry of Planning and Investment (MPI) has proposed major incentives including prolonged income tax exemptions for businesses and individuals working in special economic zones in three provinces. The investment incentives are contained in a draft Law on Special Administrative Economic Units that the ministry has prepared for submission to the Government and the National Assembly (NA). The special economic zones are Phu Quoc in Kien Giang Province, Van Don in Quang Ninh Province and North Van Phong in Khanh Hoa Province. The MPI is suggesting an income tax exemption of five years for individuals living and working in these zones, and a 50 per cent income tax break in the remaining years until 2030. This applies to “managers, scientists and qualified experts, as well as businesses, workers and other economic factors,” the draft says. The draft is slated to be passed by the National Assembly at its meeting in October this year. The MPI has also asked that Phu Quoc be given its own incentives, such as increasing additional income for civil servants working here from 30 per cent to 50 per cent of their base salary. It has also suggested that in order to encourage investment, local administrations of the special zones are allowed to grant permanent residency to foreign investors with projects worth US$5 million and above who stay for a minimum of five years in Phu…... [read more]

NDO – An exhibition on food products and new agricultural technologies in the Asia-Pacific Economic Cooperation (APEC) forum has officially opened in the Mekong Delta province of Can Tho on August 21. The event was held as part of activities during the APEC 2017 Food Security Week and a High-Level Policy Dialogue on Enhancing Food Security and Sustainable Agriculture in Response to Climate Change. The exhibition features 18 booths with a wide range of special agricultural products from six APEC economies, such as green tea (Japan), cereals (Australia) and milk (the US). Vietnam had eight booths featuring products from rice to corn, high-yielding fruits, models of machines and equipment serving for agricultural production along with information on intelligent technologies responding to climate change which are currently being used in Vietnam. Speaking at the opening ceremony, Vice Chairman of the Can Tho city People’s Committee Dao Anh Dung said that the exhibition offers an opportunity for APEC member economies to exchange and share their experience as well as enhance cooperation to promote the sci-tech applications in agricultural production, increasing agricultural productivity and meeting requirements for food and nutritional security. He also emphasised that over the recent years, many programmes and projects have been implemented in the Mekong River Delta region to help farmers sustainably produce and synchronously apply technical solutions which will increase the productivity and quality of agricultural products thus improving the income of farmers and to assist in coping with climate change. On the same day, the Vietnamese Ministry…... [read more]

SYDNEY: Elon Musk is leading demands for a global ban on killer robots, warning technological advances could revolutionise warfare and create new "weapons of terror" that target innocent people. Elon Musk is leading demands for a global ban on killer robots, warning technological advances could revolutionise warfare and create new "weapons of terror" that target innocent victims.. (Photo: AFP/Brendan Smialowski) The CEO of Tesla and SpaceX joined more than 100 robotics and artificial intelligence entrepreneurs in signing a letter to the United Nations calling for action to prevent the development of autonomous weapons. "Lethal autonomous weapons threaten to become the third revolution in warfare," warned the statement signed by 116 tech luminaries, also including Mustafa Suleyman, co-founder of Google's DeepMind. "Once developed, they will permit armed conflict to be fought at a scale greater than ever, and at timescales faster than humans can comprehend," the letter read. The innovators also highlighted the danger that the technology could fall into the wrong hands. "These can be weapons of terror, weapons that despots and terrorists use against innocent populations, and weapons hacked to behave in undesirable ways," the letter read. "We do not have long to act. Once this Pandora's box is opened, it will be hard to close." Both Musk and British astrophysicist Stephen Hawking have regularly warned of the dangers of artificial intelligence. The renewed plea on autonomous weapons was released…... [read more]

Thanh Thanh Cong Tay Ninh Joint Stock Company (TTCS) will fully acquire Bien Hoa Sugar Joint Stock Company (JSC), becoming in the process the biggest sugar producer in Viet Nam. Thanh Thanh Cong Tay Ninh Joint Stock Company (TTCS) will fully acquire Bien Hoa Sugar Joint Stock Company (JSC), becoming in the process the biggest sugar producer in Viet Nam. - Photo nhadautu.vn TTCS will issue nearly 304 million shares in a stock swap to acquire all outstanding shares of Bien Hoa Sugar at a ratio of 1:1.02. The conversion ratio was calculated by a third-party company that valued the shares of TTCS and Bien Hoa Sugar at VND20,944 ($0.92) and VND21,356 ($0.94), respectively. The deal will be carried out within 90 days. After the merger is completed, the chartered capital of TTCS will increase by VND3.04 trillion ($133.75 million) to VND5.57 trillion ($245.07 million). The new company will be renamed Thanh Thanh Cong Bien Hoa-Dong Nai Sugar Co., Ltd. The combined turnover of the companies last year was VND8 trillion ($353.42 million) with its capital of VND10 trillion (US$$440.53 million) Thanh Thanh Cong is one of several major companies to invest in the agricultural sector through mergers and acquisitions (M&A). In recent years, though M&A activities in agriculture have admittedly not been as frequent as in other sectors, the agricultural sector too has seen a significant increase in the number…... [read more]

The Ministry of Planning and Investment (MPI) has proposed major incentives including prolonged income tax exemptions for businesses and individuals working in special economic zones in three provinces. Phu Quoc Island’s coastline.-VNA/VNS Photo Truong Vi The investment incentives are contained in a draft Law on Special Administrative Economic Units that the ministry has prepared for submission to the Government and the National Assembly (NA). The special economic zones are Phu Quoc in Kien Giang Province, Van Don in Quang Ninh Province and North Van Phong in Khanh Hoa Province. The MPI is suggesting an income tax exemption of five years for individuals living and working in these zones, and a 50 per cent income tax break in the remaining years until 2030. This applies to “managers, scientists and qualified experts, as well as businesses, workers and other economic factors,” the draft says. The draft is slated to be passed by the National Assembly at its meeting in October this year. The MPI has also asked that Phu Quoc be given its own incentives, such as increasing additional income for civil servants working here from 30 per cent to 50 per cent of their base salary. It has also suggested that in order to encourage investment, local administrations of the special zones are allowed to grant permanent residency to foreign investors with projects worth US$5 million and above who stay for a…... [read more]




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