Vietnam 

Provinces, experts call for allowing private capital in power grid construction – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

 Power transmission systems in some localities are overloaded after a number of renewable energy projects linked up. Experts have called on the Government to allow private investors to instal transmission systems. — Photo moitruong24h.vn HCM CITY — With power transmission lines and sub-stations getting overloaded in some provinces, authorities and experts have urged the Government to allow renewable energy investors to install transmission systems and transfer them to the Vietnam Electricity (EVN) for operation. Transmission lines, especially in Ninh Thuận and Bình Thuận provinces, have become overloaded after several renewable…

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Vietnam 

Gas emitting factories in four provinces will have to pay up – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A mangrove forests along Tam Giang lagoon in Quảng Lợi commune in Thừa Thiên- Huế Province’s Quảng Điền District. Thừa Thiên-Huế is one of four provinces chosen for a pilot payment plan if they release too much gas into the environment.— VNA/VNS Photo Hồ Cầu HÀ NỘI — Factories which omit too much carbon dioxide waste will have to pay fees under a new pilot scheme in four provinces. The plan was passed during a conference held in Hà Nội on Wednesday. The idea is for the next two years, 20…

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Vietnam 

The southern provinces of Việt Nam will receive many billion-dollar FDI projects – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Foreign direct investment, especially in southern provinces, is expected to increase sharply with a number of billion-dollar projects in the pipeline. – VNA/VNS Photo HCM CITY – Foreign direct investment, especially in southern provinces, is expected to increase sharply with a number of billion-dollar projects in the pipeline, according to the Foreign Investment Agency. The Bình Dương Province Department of Planning and Investment said a textile and garment project by Hong Kong’s Wai Chi Kai…

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Vietnam 

Vĩnh Long Province’s investor-friendliness pays handsome dividends – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  An investment promotion conference in Vĩnh Long last year. The Mekong Delta province is working hard to create a favourable environment for foreign investors and its efforts are paying off. VNA/VNS Photo VĨNH LONG – A favourable geographic location, abundant resources and a dynamic and investor-friendly administration make Vĩnh Long Province an optimal destination for foreign direct investment. Located in the centre of the Mekong Delta, it makes intensive efforts to attract FDI. The administration has worked hard to draw up measures and plans to improve the business climate…

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Vietnam 

HCM City helps neighbouring provinces improve food quality – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Nguyễn Ngọc Hòa, deputy director of HCM City’s Department of Industry and Trade, said that food sold at supermarkets should meet VietGap (Vietnamese Good Agricultural Practices) or global standards. VNS Photo Văn Châu HCM CITY – Authorities in HCM City are helping neighbouring provinces produce safe foods as 80 per cent of seafood is supplied by other cities and provinces to the city. Safe supply chains are crucial to ensure that farm and fishery produce are supervised, according to Phạm Khánh Phong Lan, head of the city’s Food Safety Management Board. To find safe food supply sources for…

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China’s iceberg of hidden debt shows the biggest risks in provinces dominated by local authorities and state enterprises

In China’s financial system, the bigger the role of the state, the cheaper the funding costs. As a rule. But in one corner of the country’s US$13 trillion bond market, something different has happened.The highest yields in the 7.5 trillion yuan (US$1.1 trillion) worth of debt sold by local government financing vehicles (LGFVs) are found on the securities sold in provinces where the public sector dominates the economy.That analysis, conducted by Bloomberg on data as of April, showcases both the… Source link

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Vietnam 

Ministry gives green light to GrabTaxi in three provinces – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  The Ministry of Transport has approved the implementation of GrabTaxi services in three provinces, including Thanh Hóa, An Giang and Đắk Nông.  Photo dantri.com.vn HÀ NỘI — The Ministry of Transport has given the green light to the implementation of GrabTaxi services in three provinces, including Thanh Hóa, An Giang and Đắk Nông. In a document sent to the three provincial transport departments, the ministry said that it always encouraged the application of science and technology in transportation to enhance service quality and improve convenience for passengers. Accordingly, GrabTaxi will be…

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Vietnam 

Central province’s Q1 investment surpasses yearly target – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  A view of the city of Huế in the central province of Thừa Thiên Huế.  — Photo baodautu.vn HÀ NỘI — The central province of Thừa Thiên Huế granted approval in principle for seven projects with a total investment capital of more than VNĐ13 trillion (US$558 million) in the first quarter of this year. The period’s investment result far exceeded the yearly target of VNĐ10 trillion ($430 million) set earlier by the provincial People’s Committee, a report from the province’s Department of Planning and Investment revealed. The projects included a…

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Vietnam 

Northern coastal provinces talk regional links – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Northern coastal provinces and cities need to enhance regional links to boost the economy, Chairman of the Việt Nam Chamber of Commerce and Industry (VCCI) Vũ Tiến Lộc said at a forum in Quảng Ninh Province yesterday. At the Northern Coastal Region Economic Forum held by VCCI, Lộc said provinces and cities including Quảng Ninh, Hải Phòng, Thái Bình, Hải Dương and Hưng Yên had close ties in socio-economic development. The economic forum would be held annually from this year as…

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China’s social credit system report shows that richest provinces are home to the most dodgy firms

China’s wealthiest regions also have the largest number of untrustworthy businesses, according to the government’s social credit system, which rates citizens and companies based on their behaviour. Jiangsu, the country’s second largest provincial economy – 9.26 trillion yuan (US$1.37 trillion) – accounted for 16.7 per cent of the discredited businesses that were added to the national blacklist last year, more than any other region. According to a report compiled by the National Public Credit… Source link

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