Coal sector needs 4,000 miners in 2018

Coal sector aims to surpass yearly target (Source: VNA)Hanoi (VNA) - The Vietnam NationalCoal-Mineral Industries Holding Corporation Limited (Vinacomin) strives to sellover 36 million tonnes of coal in 2017, an increase of one million tonnes comparedto 2016.Of which, domestic coal consumption will be more than 34 million tonnes whilethe remaining 2 million tonnes are for export.The group has signed trade contracts in 2017with both domestic and foreign customers, as well as insurance and transportationagreements. It has also exchanged long-term coal export contracts with Japanesepartners.Minister of Industry and Trade Tran Tuan Anhsaid the ministry has proposed the Government remove difficulties for…... [read more]

A part of the Nui Beo open-cast mine in the northern province of Quang Ninh — Photo nangluongvietnam.vnThe aim is to ensure competition, retain market share and improve production capacity. The Ministry of Industry and Trade was assigned to cooperate with the ministries of finance, natural resource and environment, planning and investment and relevant agencies to consider TKV's problems, particularly regarding policies on taxes relevant to the coal sector, methods on restructuring the corporation to develop business and production and addressing competition in domestic and foreign markets. With regard to the coal consumption market, the deputy PM asked ministries to…... [read more]

The power sector also needs an investment of US$30 billion for development in 2030. — VNA/VNS Photo Ngoc Ha DA NANG (VNS) — Viet Nam's power industry should reform its structure and production based on sustainable development, transparency and future competitiveness, said Deputy Prime Minister Hoang Trung Hai . Hai was speaking at a conference entitled 'Shaping Viet Nam's Sustainable Power Sector Development'. He stressed that the industry should meet the goal of national energy security, but also protect the environment, promote sustainable development and be supportive in the development of other industries."Thanks to the power sector's efforts, Viet Nam's…... [read more]

Hai met with Vinacomin executives for a working session on January 12, stressing the importance of signing long-term contracts with consumers, lest the sector’s future plans fil to reach fruition.He pointed out difficulties the coal sector is facing in 2013, including fierce business competition, and asked it to re-examine its business strategy to maintain stable production, boost sales, minimise costs, and increase productivity. The sector must enhance its management and renovate technology urgently if it is to remain competitive in the context of ever strengthening market rivals, said Hai.He also asked the sector to tighten labour principles, increase capital construction…... [read more]

The leather and footwear sector grew strongly in 2015 Large surplus According to Vietnam Leather, Footwear and Handbag Association (LEFASO) Secretary General Phan Thi Thanh Xuan, the leather and footwear sector’s export value reached US$14.9 billion in 2015, bringing in US$7 billion in value. Exports to the US accounted for the highest percentage of the total export value, 43 percent, with the EU being the second largest importer of Vietnamese leather and footwear products. LEFASO President Nguyen Duc Thuan said that since Vietnam finished negotiations on some free trade agreements, especially the Trans-Pacific Partnership (TPP), investment in production expansion by…... [read more]

Most Vietnamese businesses in the sector currently lack a commitment to sustainable nutrition— to food that is both made and consumed sustainably. Far too many also show a distinctive lack of concern for public health.They could care less about producing safe, high-quality, nutritious food that is accessible to all and possess little if any respect for the environment or helping to improve the nutrition and wellbeing of consumers. In recent years, it has become all too common to hear about cases of unscrupulous actors in the sector using banned chemicals in fish, poultry and meat or putting excessive concentrations of…... [read more]

The PM pointed out that the Vietnamese rice sector also plays a key role in ensuring national food security. Specifically, farming areas must be expanded to form large-scale rice fields, links between farmers and businesses must be promoted, and cooperatives have to be re-organized to benefit rice growers. Improving the efficiency of rice production, applying mechanization, speeding up deep processing, and restructuring the agricultural sector are necessary, the PM said.Agriculture and Rural Development Minister Nguyen Xuan Cuong said the Mekong Delta provides more than 50 percent of rice output and 90 percent of Vietnam’s rice export volume. However the rice…... [read more]

The local tourism sector needs USD 42.5 billion during the next 10 years, for the development of infrastructure and service. The funding is needed to increase the number of local tourists from 28 million in 2010 to 47-48 million in 2020 and foreign tourist arrivals from 5.05 million to 10 million. Under the tourism development plan for the 2011-2020 period, with a vision to 2030, the investment demand for the period is huge, much higher than tourist income can provide. The local tourism sector expects to earn about USD 18-19 billion until 2020 while the investment demand is USD 42.5 billion.…... [read more]

Vietnam’s banking sector needs to be reformed amid economic recovery and investment inflow surge despite its high growth over the past years, specialists said at a conference titled “Financial and Banking Reform.” The two-day conference was co-organized by the Vietnamese Ministry of Finance and Euromoney magazine under Euromoney Institutional Investor PLC (UK) in Hanoi on Nov 30. Most participants at the conference urged Vietnam to accelerate the reforms in banking and finance sector from next year.  Dominic Scriven Obe, director of Dragon Capital Group Limited, said Vietnam needs to finish and issue the Law on State Bank of Vietnam and the Law…... [read more]

The Civil Aviation Authority of Vietnam (CAAV) has set the target thatby 2020, the sector’s workforce will be able to meet all demands forpilots and requirements on management, exploitation and maintenance. Airlines revealed that the largest difficulty for them now isinsufficient and weak human resources, forcing them to hire foreignemployees at a much higher cost than the local ones. At present, exceptfor the national flag carrier Vietnam Airlines, all the airlines have tohire most of their pilots and engineers from abroad. The CAAV forecast that between now and 2020, the aviation sector needs 6,000 additional employees each year. Human resources…... [read more]