Latest blog articles
PM allows Formosa to import own coal
The Prime Minister has allowed Taiwanese firm Hung Nghiep Formosa Co., Ltd. (Fomosa), to import own coal for electricity production at its coal-fired thermal power plant located in the southern province of Dong Nai’s Nhon Trach 3 industrial park, according to newswire Vneconomy.
The reason for the approval is the thermal power plant’s important role in the Southern energy grid and Formosa’s factories as well as 17 other factories in Nhon Trach 3 IP.
Besides, since the thermal power plant came into operation, it has used been importing coal for electricity production.
The Ministry of Industry and Trade (MoIT) has issued guidance on implementing the PM’s directions.
The MoIT also requested the General Department of Vietnam Customs to help Formosa deal with difficulties during the importing procedures.
On September 2, Dong Nai province’s Nhon Trach Customs Branch guided the company in completing procedures to import coal. However, the company was legally required to go through two major Vietnamese importers, Vietnam National Coal-Mineral Industries Holding Corporation Limited and Dong Bac Coal Corporation, and would only be able to import directly upon receiving the PM’s approval.
Formosa requested importing its own coal because domestic coal is not only low-quality but also not suitable with the technology line of the plant.
In addition, Formosa has vast experience in the import sector and has its own coal sources with high-quality and suitable prices.
Following Formosa, Vedan Vietnam Enterprise Corporation Limited (Vedan Vietnam) is the second 100 per cent foreign-owned company that submitted a proposal to the PM, the MoIT, the Ministry of Finance, and the General Department of Vietnam Customs to import coal for electricity production in its coal-fired boiler without going through domestic intermediaries.
However, the PM has yet to give directions regarding Vedan’s proposal.
Gambia's Jammeh to contest defeat in court
Banjul (Gambia) (AFP) - Veteran Gambian leader Yahya Jammeh announced a legal challenge to an election in which he had already conceded defeat, in a weekend of dramatic twists that sparked international furore and fear of a crackdown in the west African state.A week after conceding defeat to upstart rival Adama Barrow in the December 1 vote, Jammeh rejected the polls on Friday, citing "unacceptable errors" by election authorities.His ruling party on Saturday qualified Jammeh's declaration as… chat_bubble_outline Read More...
ATM 2016: Responsible tourism tops agenda in Dubai
Responsible tourism will headline several seminar theatre sessions at Arabian Travel Market 2016 as government legislation, increased focus on the traveller footprint and the impact of natural disasters on country economies put the spotlight on the importance of effective sustainable travel strategies. In 2015, ATM welcomed over 50 exhibitors with a responsible tourism focus, and the number is set to grow this year. Exhibitors including the ministry of tourism of Indonesia, Namibia Tourism… chat_bubble_outline Read More...
Trump says big decisions 'soon' on his administration
Washington (AFP) - US President-elect Donald Trump said Friday he would use the Veterans Day holiday to focus on the imposing task of forming a new administration, saying he will soon be making "very important" decisions about who will help him govern."Busy day planned in New York," the Republican billionaire posted on Twitter regarding his transition process, which has been cranking up to full speed since he won the presidency in a shock upset over Democrat Hillary Clinton on Tuesday."Will… chat_bubble_outline Read More...
Pakistan arrests two for spreading Islamic State propaganda
By Jibran AhmadPESHAWAR, Pakistan (Reuters) - Police arrested two men suspected of distributing pamphlets for Islamic State (IS) following a raid in the northwestern city of Peshawar, officials said on Wednesday, amid lingering fears that the Middle East militant group was making inroads in Pakistan.Last month, the military said that it had stemmed Islamic State's attempts to expand in the country, having arrested more than 300 people suspected of plotting attacks against government, diplomatic… chat_bubble_outline Read More...
Agencies work harder for health insurance coverage expansion
Health insurance card holders at the hospital (Photo:VNA) Hanoi (VNA) – The Vietnam Social Insurance Agency (VSIA) has to take full responsibility for expanding health insurance coverage, which is targeted to at least 90 percent of the country’s population by 2020. It was stated in the Prime Minister’s decision on health insurance goals allocated for provinces and centrally-run cities in 2016-2020. The agency is required to coordinate with ministries and agencies to propose plans pertaining… chat_bubble_outline Read More...