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Image : US unemployment lowest in 9 years as job creation continues

US unemployment lowest in 9 years as job creation continues

person Orange Themes access_time Dec 02,2016

The US unemployment rate in November fell to its lowest level since August 2007 as the economy continued to add new jobs, all but guaranteeing an interest rate hike this month. The jobless rate fell three-tenths to 4.6 percent, with a solid 178,000

Image : Discovering underground market in Saigon

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person Orange Themes access_time Mar 15,2017

EN VietNamNet - Sense Market, a newly established shopping center and food court, has attracted lots of locals and foreign tourists.

Image : Mexican cement maker ready to help Trump build border wall

Mexican cement maker ready to help Trump build border wall

person Orange Themes access_time Nov 23,2016

By Roberto Aguilar and Noe Torres MEXICO CITY (Reuters) - A Mexican cement maker is ready to lend its services to U.S. President-elect Donald Trump to build the wall he wants to erect on the southern border of the United States to curb immigration.

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In search of treasure from trash, rivalry gears up among Saigon waste collectors

access_time Sep 17,2016 chat_bubble_outline 111 views
In search of treasure from trash, rivalry gears up among Saigon waste collectors
Trash collection in Ho Chi Minh City. Photo by VnExpress/Phuong Dong

Trash collection, a service that has mostly been overlooked in Saigon, is now a booming business here, with thousands of pickup workers chasing after monthly fees and gains from recycling.

Data from the Department of Environment revealed that each day, the city produces some 7,000 tons of garbage, or 2,000 tons more than Hanoi.

Le Van Khoa, who oversees the city’s Waste Recycling Fund, said that about 60 percent of the trash in the city can be recycled and half of all household waste can be used to make compost.

This large amount of waste will bring in fat profits for the collectors, who can make millions from recyclable and reusable things. The attractive monthly fee from residential households is another factor luring more and more manual workers into the market.

My works for Thong Nhat Environmental Sanitation Cooperative, which sends her and others to pick up garbage from 400 households along Chu Van An Street in District 5.

“Each family pays VND30,000 ($1.3) per month for the service. We retain 90 percent and hand over the rest to the cooperative.”

That means My and those in her group can earn VND10.8 million ($485) a month, apart from the income from selling recyclable materials. The average monthly income level is $140 at the moment.

According to the Department of Environment, 60 percent of the city’s garbage is collected by individual haulers while cooperatives and other businesses make up 40 percent.

About 5,500 people are working in the garbage collection industry in total, of which self-employed workers account for more than 70 percent.

In search of treasure from trash, rivalry gears up among Saigon waste collectors

Pickup workers improvise to fit all the trash onto their cart in Ho Chi Minh City. Photo by VnExpress/Phuong Dong

Hanh, another pickup worker, said: “There's now a cut-throat competition so we have to do our best to survive."

The city says the average collection fee is VND20,000 per month, but service providers can charge more if the amount of trash is large.

But as the pickup war is brewing, haulers tend to slash their fees instead of raising them.

Hoang Minh Nhat, head of Cienco, a state-owned company providing environmental services, said that its subcontractors have to pay a fee of VND500,000 to stay in the network, but some self-employed workers can easily undercut them with cheaper rates.

"We haven’t estimated the losses, but the government may need to intervene to ensure a healthy competition,” Nhat said.

Ho Chi Minh City produces about 2.5 million tons of garbage each year, costing the city VND1 trillion ($45 million) for waste treatment alone.

The majority of trash is sent to landfill sites to be buried, while the rest is incinerated and a small portion gets recycled.

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Tags: garbage trash waste treatment HCM
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