Latest blog articles
Ministry denies rice licence costs $20,000
Late in February, local media reported that Ngo Van Nam, general director of ADC Company Ltd, said at a conference on proposed amendments to a decree on rice exports that it “costs no less than $20,000” to obtain a licence.
The ministry decided to set up a team to verify the accuracy of this information, and directed relevant authorities to report to the ministry.
After working with the HCM City-based company and Ngo Van Nam, the ministry said it had not received any request for a rice export licence from ADC Company Ltd.
Ngo Van Nam confirmed that he and his company did not apply for a rice export licence.
He also claimed the media did not accurately report his comments and said he would work with press agencies to explain and clarify the misrepresentation.
A November 4, 2010, Government’s Decree 109/2010/ND-CP on rice exports was aimed at re-organizing the export business by setting up minimum requirements for long-term investment in rice production and export. The decree required rice exporters to have at least one warehouse with a capacity to store 5,000 tonnes of paddy, and a mill with a minimum capacity of 10 tonnes of paddy per hour.
However, besides the positive effects, implementation of the regulation has revealed some inadequacies. The ministry has proposed to the Prime Minister to amend and supplement the decree.
Within its authority, in January this year, the ministry issued a decision to abolish the regulations on conditions for rice export and business, including a limit of 150 on the number of exporters allowed, regulations on construction investment, warehouses and milling stations.
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World Bank to lend Ecuador $150 mln to speed aid to quake victims
Residents receive food from volunteers at the Reales Tamarindos airport which is used as a shelter, after being evacuated from their homes in Portoviejo, after an earthquake struck off Ecuador's Pacific coast, April 22, 2016. : REUTERS/Henry Romero The World Bank said on Friday it would lend Ecuador $150 million to speed up assistance to victims of last week's major earthquake that devastated large areas of the country's northern coast. "Through this project, we will support the purchase and… chat_bubble_outline Read More...
Sprint to create 5,000 US jobs, pledges to work with Trump
Washington (AFP) - Telecom firm Sprint said it will create 5,000 US jobs over the next 15 months, and pledged Wednesday to work with President-elect Donald Trump to boost the US economy.Trump first made the announcement at his luxury Florida resort Mar-a-Lago, telling reporters that Sprint called him with the news."We just had some very good news," he said. "Because of what is happening and the spirit and the hope, I was just called by the head people at Sprint and they are going to be bringing… chat_bubble_outline Read More...
Burberry to overhaul retail operations after 10 pct fall in profit
A detail of a handbag is seen at a Burberry store in central London, Britain. Photo by Reuters/Toby Melville British luxury brand Burberry said it would overhaul its retail operations and simplify its product range after full-year profit fell 10 percent in a tough market that is set to persist this year. The group, famous for its trench coats, said it expected profit to come in towards the bottom of market forecasts in the year to March 2017, and be more weighted to the second half than last… chat_bubble_outline Read More...
New Zealand schoolkids claim world's biggest haka
Wellington (AFP) - Around 7,000 New Zealand schoolchildren stomped and bellowed their way through what is believed to be the largest-ever haka on Wednesday, claiming a new world record for the Maori war dance.The children performed the haka challenge at a park in Masterton, just outside Wellington, watched closely by local stewards monitoring the event for the Guinness World Records.The current record was set in 2014, when 4,028 people performed the haka at the grounds of French rugby club CA… chat_bubble_outline Read More...