Vietnam 

VN strives for green textile industry – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

This year, the textile industry sets a target of $40 billion in export turnover. — VNA/VNS Photo HÀ NỘI — The garment and textile industry was one of the country’s key export industries, but also produces high levels of greenhouse gas emissions. The statement was made by Trương Văn Cẩm, vice chairman of the Việt Nam Textile and Apparel Association (VITAS) at a meeting held in Hà Nội on Tuesday. According to Cẩm, the industry gained US$31.7 billion and $36 billion in export turnover in 2017 and 2018, respectively. This year,…

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Vietnam 

Capital city strives for 900 firms in supporting industries by 2020 – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    Workers inspect parts at a factory in Hà Nội. Photo hapi.gov.vn   HÀ NỘI — The capital city has set a goal of having about 900 firms in supporting industries by late 2020, according to the municipal Department of Industry and Trade.   Of them, some 400 would be eligible to have production systems and their products in line with international standards, as well as have sufficient supply capacities in global production networks from multinational corporations in Việt Nam, the department said. Top priority should be given to fostering trade…

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Vietnam 

Vinacomin strives to meet increasing demand for coal – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Cọc Sáu coal mine. Việt Nam National Coal – Mineral Industries Holding Corporation Limited is trying to meet the increasing demand for coal. — Photo vinacomin.vn Viet Nam News HÀ NỘI — The Việt Nam National Coal – Mineral Industries Holding Corporation Limited (Vinacomin) had been working to meet the increasing demand for coal for electricity generation and production, Vinacomin’s general director Đặng Thanh Hải said. Vinacomin targeted to reach an output of 4.1 million tonnes of coal in March. Production would be enhanced at open-cast coal mines…

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Investment 

Embattled Shanshui Cement strives to set house in order as Hong Kong exchange’s delisting deadline looms

The new board of the embattled China Shanshui Cement Group is racing against a tight deadline to prevent the company from being delisted after a botched hostile takeover attempt by a rival three years ago that led to a trading suspension. But the odds are not in their favour. The auditor KPMG resigned last month, which means it will be extremely challenging for the new auditor, Moore Stephens CPA, to complete the 2017 audit, resolve prior years’ audit issues identified by KPMG, and for the board to find new investors…

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