Articles worth reading
Image : France urges labelling goods from Israeli settlements

France urges labelling goods from Israeli settlements

person Orange Themes access_time Nov 24,2016

PARIS (AP) — France has published an official notification urging business operators to put a special label identifying goods produced in the Israeli settlements, one year after the European Union urged members to do so.

Image : Clinton Has Big Cash Advantage in Final Days of Election

Clinton Has Big Cash Advantage in Final Days of Election

person Orange Themes access_time Oct 29,2016

Hillary Clinton has a massive cash advantage over Donald Trump heading into the final days of the general election, according to newly released documents from the Federal Election Commission. From Oct. 1 through Oct. 19, Hillary Clinton raised $52.8

Image : Obama calls for seamless transition for US military to Trump

Obama calls for seamless transition for US military to Trump

person Orange Themes access_time Jan 04,2017

Yahoo News WASHINGTON (AP) — President Barack Obama called for a smooth handover of control of the U.S. military to incoming commander in chief Donald Trump, as the outgoing president met Wednesday with military leaders for the last time.

Latest blog articles

Projects of powerful conglomerates incur losses

access_time Jul 24,2016 chat_bubble_outline 96 views
A series of multi-trillion dong investment projects developed by large conglomerates belonging to the Ministry of Industry and Trade (MOIT) have incurred heavy losses.
Projects of powerful conglomerates incur losses

“The government won’t continue pouring money into huge unprofitable projects like Thai Nguyen iron & steel project (Tisco),” Prime Minister Nguyen Xuan Phuc said at a MOIT conference held several days ago.

The project is now called ‘Vinashin in the steel industry’ (Vinashin is a shipbuilder which also gobbles up big money and incurs heavy losses). Despite a lot of investment incentives, it is now ‘at the point of death’ after seven years of operation.

The project on expanding the Thai Nguyen steel mill, to churn out 0.5 million tons a year, kicked off in 2007 with the initial capital of VND3.843 trillion. In 2012, MCC, the Chinese contractor left Vietnam and did not hand over important items to the investor. To date, 10 years after the EPC contract was signed, the mill still has not taken shape.
A series of multi-trillion dong investment projects developed by large conglomerates belonging to the Ministry of Industry and Trade (MOIT) have incurred heavy losses.
In fact, Thai Nguyen is just one of many unprofitable projects invested by MOIT’s enterprises. The Ninh Binh Fertilizer is also a project which has recorded a big loss: just after four years of operation, the VND12 trillion took a loss of VND2 trillion.

The investor hoped that after the construction was completed in mid-2011, the plant would churn out 1,760 tons of urea a day. However, the first ton was produced only in March 2012.

A report of Vinachem, the largest investor, showed that Ninh Binh has been taking losses since 2012 and incurred a loss of VND370 billion in 2015.

Some years ago, PetroVietnam, the national oil & gas group, saying that biofuel will be the fuel of the future, decided to build three ethanol plants in the northern, central and southern regions, capitalized at trillions of dong.

However, the construction of the VND2.5 trillion Tam Nong ethanol plant stopped in late 2011. The Binh Phuoc VND1.7 trillion plant has halted its operation because its products cannot be sold. Meanwhile, the 100 million liter a year Dung Quat Bio-methanol plant, capitalized at VND2.2 trillion, has been operating at a moderate level since April 2015.

Besides the biofuel plants, PetroVietnam invested $325 million in PVTex, a polyester plant.

The investor planned to use materials from the Dung Quat Oil Refinery to make polyester, aiming to help Vietnamese textile & garment companies, which now have to import materials, to take the initiative in material supply.

However, since the products cannot be sold, PVTex had to stop operation in September 2015.
Bizlive Read on the original site
What Do You Know ... About Literary Trolling?

In this week’s Atlantic coverage, our writers explored the legacy of William F. Buckley, how the LSAT favors the rich, what gives applicants for lucrative jobs an advantage, the coming avocado shortage, America's favorite fall vegetable, and more.Can you remember the key facts? Find the answers to this week’s questions in the articles linked above—or go ahead and test your memory now:For further tricky questions and surprising facts, try last week’s quiz, and subscribe to our daily… chat_bubble_outline Read More...

Vietnam short of tour guides

Vietnam has over 4,700 local and 9,900 international tour guides meeting only 15 and 40 percent of practical demand, according statistics by the Vietnam National Administration of Tourism. Foreign visitors at Ben Thanh Market, HCMC (Photo: SGGP)About 50,000 tourist students graduate from universities, colleges and vocational levels annually. However, only 5 percent those of bachelor’s degree and 30 percent students of college and vocational training levels work in tourism field. In fact,… chat_bubble_outline Read More...

Will Vietnam be affected if Trump restricts imports from China?

VieamNet Bridge - Vietnam is expected to be seriously affected if US policy restricts imports from China to protect domestic production. Donald Trump, who won the election to become the 45th US President, is well known for his protectionist policy.  Trump suggested applying import tariffs of up to 45 percent on products from China, 35 percent from Mexico and 15-45 percent on products from countries with signs of currency manipulation.  Though Trump has only mentioned re-negotiation of trade… chat_bubble_outline Read More...

Prague backs Czech-born Ivana Trump for US ambassador

Prague (AFP) - Czech President Milos Zeman on Wednesday backed Ivana Trump to become the US ambassador to Prague, after US president-elect Donald Trump's Czech-born ex-wife floated the idea last week.Washington "could not send a better ambassador to Prague", the outspoken Czech leader, who endorsed Trump for president, said in a statement.Czech Prime Minister Bohuslav Sobotka also gave a thumb's up to such a move, telling public radio that "ties between the US and the Czech Republic would only… chat_bubble_outline Read More...

Egypt imposes big security clampdown, protests fail to materialize

[/i]A man walks in front of a wall with graffiti asking Egyptians to participate in demonstrations against the Egyptian regime and against economic conditions following the rise of prices around the country, in Cairo, Egypt November 9, 2016. REUTERS/Amr Abdallah DalshBy Ahmed Aboulenein and Amina IsmailCAIRO (Reuters) - Egypt imposed a big security clampdown in its cities on Friday as mass demonstrations called to protest against austerity measures failed to take place.Riot police and armored… chat_bubble_outline Read More...

folder_open Assigned tags

Comments

Loading...

Trends in Singapore

Trends in Indonesia

Trends in Philippin