Articles worth reading
Image : Vietnamese wood enterprises forced to branch out overseas

Vietnamese wood enterprises forced to branch out overseas

person Orange Themes access_time Aug 15,2016


Vietnam's wood market is dominated by international enterprises.

Image : Doxxing May Become A Federal Crime

Doxxing May Become A Federal Crime

person Orange Themes access_time Dec 10,2016

The malicious publication of sensitive information would carry a possible five-year prison sentence in a proposed law sponsored by Massachusetts Rep. Katherine Clark

Image : Philippine bank at center of $81 mln heist names new president

Philippine bank at center of $81 mln heist names new president

person Orange Themes access_time May 17,2016


Rizal Commercial Banking Corp (RCBC) said on Monday that its board has appointed a new president replacing Lorenzo Tan, who resigned but was cleared by the Philippine bank of any wrongdoing in a $81 million money laundering scandal.

Latest blog articles

JICA’s committed loans for Vietnam roughly unchanged in FY 2017

access_time Apr 20,2017 chat_bubble_outline 29 views

The capital that the Japan International Cooperation Agency (JICA) pledges to loan to Vietnam in fiscal year 2017 (from April 2017 to March 2018) will not differ much from the previous fiscal year.


JICA’s committed loans for Vietnam roughly unchanged in FY 2017

Fujita Yasuo, Chief Representative of JICA Vietnam Office


Fujita Yasuo, Chief Representative of JICA Vietnam Office, made the statement at the agency’s press conference on April 20, adding that Vietnam remains one of the countries with the biggest JICA-funded projects in the world.

In FY 2016, Japan pledged to provide Vietnam with 187.1 billion JPY (1.7 billion USD) in loans and disbursed 175.6 billion JPY (1.6 billion USD) for the country.

Fujita Yasuo said in FY 2017, JICA will maintain its support as in FY 2016 for the fields of promoting economic growth and international cooperation capacity, enhancing state governance, and supporting vulnerable groups.

However, the contents subject to the support will be adjusted in accordance with the Japanese Government’s policies, the Vietnamese Government’s demand, and sustainable development goals.

The JICA representative said the disbursement for FY 2017 is set to decrease from FY 2016 since the Thai Binh thermal power plant project already passed the stage that needed much funding. 

Additionally, that the Vietnamese Government curbs the disbursement of corresponding capital from its budget will also influence JICA’s disbursement of the committed loans.

Fujita Yasuo pointed out obstacles to JICA’s support provision, elaborating that the handling of administrative procedures and site clearance remain sluggish. Meanwhile, procedures for approving ODA projects have become more complicated under the Vietnamese Government’s Decree 16/2016/ND-CP on the management and use of foreign sponsors’ ODA and concessional loans.

He stressed that JICA respects Vietnam’s public debt limit, but the country should simplify necessary procedures so as to facilitate the disbursement of the committed capital and the implementation of projects.

The problems JICA has encountered also face other foreign sponsors in Vietnam so they will work together to ask the Vietnamese Government to tackle the aforementioned obstacles, he added.

VNA

East Congo militia kills 30 civilians, most from rival ethnic group

KINSHASA (Reuters) - An ethnic Nande militia in eastern Democratic Republic of Congo killed about 30 civilians, mostly Hutus, on Sunday morning, local sources said, in an apparent escalation of deadly violence between the two groups that has flared repeatedly this year.Joy Bokele, territorial administrator in North Kivu province's Lubero territory, told Reuters that fighters from the Mai Mai Mazembe militia attacked the village of Luhanga at about 5 a.m. (0300 GMT) with guns and machetes."For… chat_bubble_outline Read More...

PM promises favourable conditions to DP World Group

Prime Minister Nguyen Xuan Phuc received Sultan Ahmed Bin Sulayem, Chairman and CEO of the DP World Group from the United Arab Emirates in Hanoi on December 14, during which he affirmed that foreign investors are an important part of the Vietnamese economy. PM Nguyen Xuan Phuc and Sultan Ahmed Bin Sulayem, Chairman and CEO of the DP World Group from the UAE. (Credit: VGP) He noted that over the past years, Vietnam has gained a number of achievements in attracting foreign investment, with… chat_bubble_outline Read More...

England, Scotland will wear poppies despite FIFA ban

London (AFP) - England and Scotland's players will wear black armbands bearing the red poppy when they meet in a World Cup qualifier on Armstice Day, despite the threat of sanctions from FIFA.The English and Scottish football associations had been negotiating with the world governing body, which bans political, commercial and religious symbols on team outfits during matches.But the FA insisted Wednesday that the wearing of a poppy represents an "appropriate tribute" to Britain's war dead."The… chat_bubble_outline Read More...

Vietnamese struggle to sell products at foreign-invested supermarkets

Vietnamese manufacturers are trying to display their products at foreign-invested supermarket chains, which have become familiar shopping destinations for urbanites. But it has not been an easy task.  Le Thi Thanh Lam, deputy general director of Saigon Food, said many Vietnamese enterprises have met big problems in distribution since the day some supermarket chains were invested in by foreigners. It is now difficult for Vietnamese manufacturers to sell their goods via the chains as the… chat_bubble_outline Read More...

Melania's Slovenian hometown eyes Trump win as boon for tourism

[/i]U.S. President-elect Donald Trump embraces his wife Melania and son Barron while his daughter Ivanka looks on during his election night rally in Manhattan, New York, U.S., November 9, 2016. REUTERS/Mike SegarBy Gasper LubejSEVNICA, Slovenia (Reuters) - The small Slovenian town of Sevnica, Melania Trump's birthplace, savored her husband's shock win in the U.S. election as a likely boon for tourism on Wednesday, while a former schoolmate remembered her as "creative and innovative".Until about… chat_bubble_outline Read More...

folder_open Assigned tags

Comments

Loading...

Trends in Singapore

Trends in Indonesia

Trends in Philippin