Sunday, August 19 2018


Govt to guarantee EVN's power project loans

Update: July, 09/2012 - 09:12
Deputy Primer Minister Hoang Trung Hai has urged Electricity of Viet Nam (EVN) to actively work with banks and financial organisations to arrange capital for urgent projects. He said the Government would provide loan guarantees.

Meanwhile, the Ministry of Industry and Trade and the State Bank of Viet Nam have urged the national power utility to issue domestic bonds to mobilise more capital.

Nhan Dan (The People)

Ministry warns of fraud in labour exports

The Overseas Labour Department under the Ministry of Labour, Invalids and Social Affairs has announced that the Thang Long Development and Investment JSC in Bac Ninh Province is the only entity allowed to export agricultural workers to Portugal.

Workers will work under one-year contracts (extendable) with a minimum salary of around $600, with the company to be paid VND38 million ($1,900). Other firms or entities offering to hire workers to be sent to Portugal are illegal, the department said.

 Thanh Nien  ( Young People)

City paying heavy price for traffic congestion

HCM City loses an estimated VND170 billion (US$8.5 million) every year to traffic congestion, according to Nguyen Quyet Thang, director of the city's Urban Traffic Management Area No 1. It is likely to suffer more in the coming years as no one has come up with an efficient solution and the city is stuck with a serious capital shortage for upgrading and constructing new roads to ease the situation.

Tuoi Tre (Youth)

Imports of ‘controlled goods' down

The General Department of Customs has announced that the import turnover of certain goods that need to be controlled has reduced in the first six months of this year.

The import of fruits and vegetables, sweetmeats and precious metals have reduced 21 per cent, while that of mobile phones, automobiles and motorbikes have dropped 10.7 per cent in comparison with the same period last year, the general department said.

Thoi Bao Kinh Te Viet Nam (Viet Nam Economic Times)

Mekong Delta losing its mangroves

The Mekong Delta has lost large areas of mangroves and attempts to restore it have not been effective, the Ministry of Agriculture and Rural Development's Forestry General Department said last week. It warned that restoration efforts have not met the needs of dyke protection, natural disaster mitigation and environmental protection.

At present, just 91,906ha of the total of 120,430ha that have been earmarked for planting mangrove forests have been covered. But even this has not been done properly and the forests have been planted in bits and pieces in different provinces, which means they cannot perform their protective functions effectively.

Of the total area of mangrove forests in the delta, the southernmost province of Ca Mau has 70 per cent and the rest is spread over seven other provinces.

Sai Gon Giai Phong (Liberated Saigon)

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