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Work starts on Vietnam’s largest textile industrial park

access_time Apr 20,2017 chat_bubble_outline 50 views
Work starts on Vietnam’s largest textile industrial park

Vice Chairman of the provincial People’s Committee Ngo Gia Tu said that the industrial park plays an important role in the province’s sea-based economic development strategy, contributing to restructuring the local economic structure.


Nam Dinh is home to more than 480 textile businesses with over 70,000 workers. The sector’s revenue accounts for 40 percent of the province’s total industrial production value.


Therefore, once operational, the industrial park will serve as a driving force for the locality’s socio-economic development, he stated, asking investors to mobilise resources to build infrastructure facilities synchronously to ensure the progress of the project.


According to Tran Minh Hoan, head of the province’s industrial park management board, the project covers a total area of over 2,000ha and is divided into three phases.


The Rang Dong industrial park aims to attract investors to the garment and textile field towards the goal of 1 billion metres of fabric in 2020 and 1.5 billion metres by 2025.


To comply with environmental regulations, a wastewater treatment station with a capacity of 110,000 cubic metres per day will be built.


In 2016, Vietnam imported 5.5 billion metres of fabric. It set a target of increasing the domestic fabric output from 2.85 billion metres in 2016 to nearly 18 billion metres in 2025. To fulfill the goal, the Government has permitted the establishment of several major textile industrial parks in areas of Nam Dinh, which is planned to become the garment and textile centre of the north.

Life-insurance market to be remapped in 2017

Last year was a prosperous one for life insurance companies, with impressive growth of 37 percent, a record 10-year rate. Tien Phong cited a report of the Ministry of Finance as reporting that the total life insurance premiums in the first 10 months of 2016 reached VND38.839 trillion, an increase of 30.62 percent over the same period the year before. Bao Viet Nhan Tho and Prudential remain the two biggest players in the market. Prudential is still leading the market in terms of total insurance… chat_bubble_outline Read More...

Russia poised to gain from oil production freeze

Moscow (AFP) - With its oil output at record levels and state coffers running low, Russia has little to lose and much to gain from agreeing a deal with the OPEC cartel on limiting production.Ahead of an OPEC meeting set for November 30 in Vienna, Moscow -- which is not a member of the Organization of the Petroleum Exporting Countries -- is pushing for an agreement to be finally reached after similar talks in Doha collapsed acrimoniously in the spring.Russia is one of the biggest oil producers… chat_bubble_outline Read More...

Hai Van Pass viewed from train

Many like to travel by train from Hue to Danang to contemplate Hai Van Pass which is one of the most scenic hillside roads in Vietnam. Hai Van Pass is 21km long and its peak is 496m above the sea level. Imposing scenery of forest, mountain and sea captures the attention of rail passengers. The train runs through Kim Lien, Hai Van Nam stations in Danang, Hai Van station in the middle of the pass and Hai Van Bac and Lang Co station in Thua Thien-Hue province. Lang Co station in Thua… chat_bubble_outline Read More...

U.N. identifies 41 Burundi, Gabon troops accused of abuse in Central Africa

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EU should stop parliaments blocking trade pacts: Finnish minister

By Jussi RosendahlHELSINKI (Reuters) - The European Union must ensure future trade deals do not require the approval of all national and regional parliaments, Finland's trade minister said on Friday, warning that, if not, Europe will never be able to get a deal with the United States.Kai Mykkanen said the EU had to avoid a repeat of what had happened to an EU trade deal with Canada, which until this week looked like it could be killed off due to objections from a region of Belgium.The European… chat_bubble_outline Read More...

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