Siam City Cement to invest in Dong Nai

Thailand’s Siam City Cement Group wants to expand investment in construction materials and waste treatment in Dong Nai province (Illustrative image. Source: VNA) Dong Nai (VNA) – Thailand’s Siam City Cement Group wants to expand investment in the production and supply of construction materials and waste treatment in Vietnam’s southern province of Dong Nai. Chief executive officer of the group Philippe Richart made the remark at a working session with the provincial People’s Committee in Dong Nai on August 8. He noted that the group has invested in the Holcim cement plant in Nhon Trach district, and moves to expand the operation of this factory in the coming time. Siam City Cement will invest in building an industrial dry mortar plant and a transit station for construction material in Dong Nai, he said. It is also focusing on waste treatment, he said, adding that the group is using the latest technologies in this field. Vice Chairman of the provincial People’s Committee Nguyen Quoc Hung cited a number of key projects being carried out in the locality such as the Ben Duc-Long Thanh, Dau Giay-Phan Thiet, Dau Giay-Da Lat expressways. The construction of Long Thanh airport will be launched in 2019. Therefore, the local demand for construction materials is extremely huge.  Additionally, with over 26,000 active domestic businesses and 1,000 foreign investment projects, the province also needs investment in waste treatment, he said. Local authorities will accompany businesses and support them to…... [read more]

Speaking at a recent meeting of the industry and trade sector of southern cities and provinces in Ho Chi Minh City, Le Thanh Liem, Vice Chairman of the HCM City People’s Committee, said 20 provinces and cities in the south accounted for more than 60% of industrial production value and 57% of retail sales and services revenue of the whole country. In the past years, the industry and trade sector in the south has relentlessly enhanced co-operation and links through many practical programmes. In the context of increasing integration and competition, links and co-operation between localities to make the most of regional advantages is important, he said. Therefore, provinces and cities in the south will continue to have solutions to effectively implement strategic co-operation and links to maintain the position of the region, he said. Agreeing with Liem, leaders of the Departments of Industry and Trade of other cities and provinces in the south said that the links between localities should be strengthened to support regional planning, promote goods circulation, improve product quality as well as ensure outlets for their products, and inspect and manage the market and food sources better. In addition, links would help with market demand forecasting so traders and farmers can come up with suitable production and business plans and increase their competitive capacity. To realise the targets set for this year, departments of industry and trade in the region will co-ordinate with relevant agencies to continue…... [read more]

Shoppers at a Co.op Mart supermarket in HCM City (Photo: VNA) HCM City (VNA) - Southern provinces and cities will strive to achieve total retail sales and services revenue of more than 2.07 quadrillion VND (91.4 billion USD) in 2017, a year-on-year increase of 11.5 percent, and total export revenue of 104.9 billion USD, up 11.6 percent over last year, officials have said. Speaking at a recent meeting of the industry and trade sector of southern cities and provinces in Ho Chi Minh City, Le Thanh Liem, Vice Chairman of the HCM City People’s Committee, said 20 provinces and cities in the south accounted for more than 60 percent of industrial production value and 57 percent of retail sales and services revenue of the whole country. In the past years, the industry and trade sector in the south has relentlessly enhanced co-operation and links through many practical programmes. In the context of increasing integration and competition, links and co-operation between localities to make the most of regional advantages is important, he said. Therefore, provinces and cities in the south will continue to have solutions to effectively implement strategic co-operation and links to maintain the position of the region, he said. Agreeing with Liem, leaders of the Departments of Industry and Trade of other cities and provinces in the south said that the links between localities should be strengthened to support regional planning, promote goods circulation, improve product quality as well as ensure outlets…... [read more]

Shoppers at a Co.op Mart supermarket in HCM City. — VNA/VNS Photo Thanh Vu Southern provinces and cities will strive to achieve total retail sales and services revenue of more than VND2.07 quadrillion (US$91.4 billion) this year, a year-on-year increase of 11.5 per cent, and total export revenue of $104.9 billion, up 11.6 per cent over last year, officials said at a meeting in HCM City last Friday. Speaking at a meeting of the industry and trade sector of southern cities and provinces, Le Thanh Liem, deputy chairman of the HCM City People’s Committee, said 20 provinces and cities in the south accounted for more than 60 per cent of industrial production value and 57 per cent of retail sales and services revenue of the whole country. In the past years, the industry and trade sector in the south has relentlessly enhanced co-operation and links through many practical programmes. In the context of increasing integration and competition, links and co-operation between localities to make the most of regional advantages is important, he said. Therefore, provinces and cities in the south will continue to have solutions to effectively implement strategic co-operation and links to maintain the position of the region, he said. Agreeing with Liem, leaders of the departments of Industry and Trade of other cities and provinces in the south said that the links between localities should be strengthened to support regional planning, promote goods circulation, improve product quality as well…... [read more]

The first half of 2017 has seen increased interest from Singaporean real estate firms in the Vietnamese market, with Sembcorp, CapitaLand, Mapletree, and Keppel Land among the biggest movers and shakers. Apart from greenfield investments, Singaporean developers are now actively expanding their portfolios through mergers and acquisitions (M&A). A wave of M&A Singaporean investors are focusing on M&A in Ho Chi Minh City. Outstanding deals are the Duxton Hotel Saigon, Empire City, Somerset Vista, Saigon Centre, and the Kumho Asiana Plaza. According to Leong Boon Hoe, CEO of CBRE Singapore, Singaporean investors are seeking new opportunities to diversify their portfolios, often after having already invested in previous emerging markets like Thailand or Bali. After the laws regarding housing and real estate were changed for foreigners in July 2015, foreign real estate investment has become much more transparent. “Owning property in Vietnam is a new trend among Singaporeans. In the ASEAN region, Vietnam is one of the more attractive nations for foreign investment into the property market,” Hoe said. Keppel Land in March this year acquired from its Vietnamese partner, Southern Waterborne Transport Corporation, an additional 16 per cent stake in Keppel Land WATCO I to V – the joint venture entities for Saigon Centre. Keppel Land has also signed a memorandum of understanding with Vietnam’s State Capital Investment Corporation (SCIC) to collaborate on other investment opportunities in the country. Keppel Land is…... [read more]

VietNamNet Bridge – In the southeast region, a curious phenomenon of foreign direct investment firms ‘recommending’ long-time employees to resign has cropped up. In return, these employees receive a hefty one-time payment. Workers assemble small-sized electric motors at the Japan-owned Mabuchi Motor Viet Nam at the Bien Hoa II Industrial Park in Dong Nai Province. — Photo: VNA/VNS  The companies don’t force the workers to resign but merely recommend it, and the workers consent, making the practice perfectly legal. However, workers might not be aware that by doing so, they relinquish many of their rights, and some are urging authorities to get involved. Nguyen Thi Sen, 51, from Bien Hoa City of Dong Nai Province, worked at Pouchen Viet Nam – a manufacturing factory of the Taiwan-based sportswear company – for nearly 18 years. At the end of last year, the company announced that workers with tenure of 15 years or longer may receive a lump sum equal to 12 months of salary if they quit. Sen is still four years from retirement age, and under the company’s policy, she would receive one-month salary as a bonus every year. However, thinking the one-time payment was a generous amount, Sen agreed to end her contract and social security, and received VND 140 million (US$6,160). “Now I regret my decision. Previously, my monthly salary plus bonus was VND 10 million ($440), so my annual income would total VND 150 million ($6,600), including the New Year bonus,” Sen told Vietnam News Agency. “The…... [read more]

NDO – Southern localities are striving to achieve the total retail sales of goods and services in 2017 of over VND2 trillion, up 11.51% compared to 2016, with total exports reaching almost US$105 billion, up 11.6%. The target was announced at a conference in Ho Chi Minh City on August 4, which gathered representatives from the industry and trade departments of 20 southern provinces and cities in order to discuss the trade environment across the region in the first months of 2017. Reports presented at the event showed that following the continuing growth in 2016, the industrial production of the provinces and cities in the south have achieved favourable conditions in which to flourish. The Index of Industrial Production (IIP) in the first six months of 2017 grew by 8.75%, in comparison to the same period last year, of which Tra Vinh increased by 18.46%, Tien Giang 15.1%, Tay Ninh over 15% and Long An 13.31%. Nguyen Phuong Dong, Deputy Director of HCMC Department of Industry and Trade, said that in the past six months, local enterprises have had access to supportive policies from the State to actively invest and promote their business plans, thus recording positive growth in comparison to the same period last year. Specifically, regarding the textile sector, Ben Tre witnessed an increase of nearly by 67%, Tay Ninh over 27%, Vinh Long nearly 19%, and HCMC by 7.4%; for frozen seafood, Bac Lieu is up by 12% and Hau Giang by 6%. …... [read more]

VRN proposes suspending project encroaching on Dong Nai River Le Anh The Dong Nai River has been partially filled to make room for an urban area project - PHOTO: ANH QUAN HCMC – The Vietnam Rivers Network (VRN) on August 2 proposed the Prime Minister immediately cancel an urban development project that aims to encroach on a section of the Dong Nai River due to numerous potential consequences.  The Government in 2015 ordered that the project be put on hold as scientists said that it would affect negatively the environment and socio-economic development in the region. However, the Government has empowered the chairman of Dong Nai to make decisions on the implementation of the project. The VRN said that Dong Nai River is the lifeblood of the key economic region with the largest population in the country. However, water resources in the river are considered limited with the lowest level of water per capita. It is one of four rivers in the country suffering a severe shortage of water in dry season. In addition, many hydropower plants and water pollution caused by riverside industrial zones and urban areas also put pressure on the Dong Nai River. Therefore, the project that wants to reclaim land along a part of the river will aggravate the situation. The project also violates the laws on water resources, environmental protection and inland waterway traffic, according to VRN. Moreover, the project’s environmental impact assessment report fails to specify characteristics of the flow of the Dong Nai River.…... [read more]

The feasibility study report of a component project of the Long Thanh International Airport project in the southern province of Dong Nai, which is a magnet to many international investors, is likely to be submitted to the National Assembly in October 2017. The meeting to review the preparation of the Long Thanh Airport project The Ministry of Transport (MoT) chaired a meeting on August 4 to review the preparation process of the project, including land revocation, compensation, and support for resettlement of the affected local residents. According to a report by MoT's Department of Planning and Investment, in June 2017, the National Assembly approved Resolution No.38/2017/QH14 on separating the land revocation, compensation, and support for resettlement into a different component project in which the government asked Dong Nai and relevant ministries to do a feasibility study and submit it to the National Assembly for approval in October 2017. The Minister of Transport raised concerns that the biggest problem in the feasibility report is the source of money. The NA Standing Committee said that based on the obtained information and the latest updated prices from the Dong Nai People’s Committee, the total estimated cost for site clearance, including the construction of resettlement and cemetery areas, is about VND23 trillion ($1 billion). The government agreed to provide the Long Thanh project with VND5 trillion ($220 million) for the medium- and long-term plans on site…... [read more]

Vietnam's southern province of Dong Nai is looking to end clashes between farmers and elephants by keeping the animals at bay with electric fences. Government officials in the province, which neighbors Saigon, have installed an electric fence that runs 50 kilometers (31 miles) as a barrier between local farms and residential areas and the elephants. The fence has been in place for more than a month, and can release an electric charge of between 4.5 and 14 kilovolts, they said. “The elephants tend to return to the jungle when they encounter the fence,” said Le Viet Dung, deputy chief of Dong Nai’s Forest Management Department. Dung said the fence only emmits a short charge for a third of the second, which is not enough to harm the animals. “It only scares the elephants and keeps them away,” he said. The fence is part of a VND74 billion ($3.25 million) project started in 2013 aimed at protecting the giant beasts and avoiding deadly encounters with farmers. According to figures from conservation organizations, Vietnam’s wild elephant population has shrunk by 95 percent since 1975 to less than 100. At least 23 wild elephants have died over the past seven years, and nearly 75 percent of them were less than a year old. Experts said that plantations near their natural habitats are the biggest threat to their survival. The same problem has been reported in Yok Don Park in the Central Highlands, which is home to the largest group of wild elephants…... [read more]




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