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Posts Tagged ‘agreements’

Polluter Vedan signs out-of-court compensation agreements

In Uncategorized on October 14, 2010 at 2:38 pm

Vedan Vietnam signed August 13 agreements to compensate VND45.7 billion (US$2.4 million) and VND53.6 billion ($2.8 million) to Ho Chi Minh City and Ba Ria-Vung Tau farmers respectively for damage it caused to them by dumpting untreated wastewater into the Thi Vai River. 

File photo shows the Thi Vai River polluted by untreated wastewater

The Taiwanese MSG producer also agreed to pay each city and province additional VND500 million ($26,300) to cover their cost of inspecting and calculating economic losses suffered by affected farmers.
 
Vedan will transfer half of the compensation to farmers within one week, and the remainder will be transferred on January 14, 2011 at the latest with a bank guarantee by the HCMC branch of Bangkok Bank.
 
The bank guarantee for the city farmers must be sent to Nguyen Van Phung, chairman of the HCMC Farmers Association, and the guarantee for Ba Ria-Vung Tai farmers must be sent to the province People’s Committee within one week from August 13, the agreements said.
 
Mr. Phung said the city’s relative agencies will discuss with affected farmers on a plan to receive the compensation.
 
The association and relative agencies will oversee the payment of compensation to farmers to ensure that appropriate damages are paid to proper farmers, he added.

Source: SGGP

Polluter Vedan signs out-of-court compensation agreements

In Uncategorized on August 14, 2010 at 11:21 am

Vedan Vietnam signed August 13 agreements to compensate VND45.7 billion (US$2.4 million) and VND53.6 billion ($2.8 million) to Ho Chi Minh City and Ba Ria-Vung Tau farmers respectively for damage it caused to them by dumpting untreated wastewater into the Thi Vai River. 

File photo shows the Thi Vai River polluted by untreated wastewater

The Taiwanese MSG producer also agreed to pay each city and province additional VND500 million ($26,300) to cover their cost of inspecting and calculating economic losses suffered by affected farmers.
 
Vedan will transfer half of the compensation to farmers within one week, and the remainder will be transferred on January 14, 2011 at the latest with a bank guarantee by the HCMC branch of Bangkok Bank.
 
The bank guarantee for the city farmers must be sent to Nguyen Van Phung, chairman of the HCMC Farmers Association, and the guarantee for Ba Ria-Vung Tai farmers must be sent to the province People’s Committee within one week from August 13, the agreements said.
 
Mr. Phung said the city’s relative agencies will discuss with affected farmers on a plan to receive the compensation.
 
The association and relative agencies will oversee the payment of compensation to farmers to ensure that appropriate damages are paid to proper farmers, he added.

Source: SGGP

Singapore, Brazil sign series of cooperation agreements

In Uncategorized on November 28, 2008 at 5:12 pm

Hanoi (VNA) – Singapore and Brazil have signed a series of agreements regarding trade, air services and technology during Singaporean Prime Minister Lee Hsien Loong’s first visit to the Latin American country.

Under the bilateral air services agreement, inked on November 26, Singapore carriers can operate up to 14 weekly passenger services, and seven weekly air cargo services between Brazil and Singapore, as can Brazilian carriers, Singapore’s Channel News Asia (CNA) reported.

Singapore Airlines’ chairman, Stephen Lee, said the agreement will pave the way for direct air links between the two countries.

Under the trade and investment promotion agreement, a joint committee will be formed to exchange ideas on promoting trade and business.

Meanwhile, the science and technology agreement will see both sides collaborating in areas such as microbiology and dengue control, with a view to developing a vaccine against the disease.

During their meeting, the Singaporean PM, who visited Brazil on November 24-26, and Brazilian President Luiz Inacio Lula Da Silva noted that developing countries have a role to play in stabilising financial markets and fostering global growth.

They also stressed that there is an urgent need to reform international financial institutions to give greater voice and representation to developing countries.

According to CNA, Singapore is Brazil ‘s biggest trade partner among ASEAN countries and the sixth-largest in Asia. Trade between both sides has grown steadily over the years. In the past five years, trade volume has surged by 230 percent, making Brazil Singapore’s largest trade partner in South America. –

Cuba, Russia sign nine cooperation agreements

In Uncategorized on November 11, 2008 at 1:10 pm

Havana (VNA) – Cuba and Russia boosted their economic and commercial relations with the signing of nine new bilateral governmental and entrepreneurial accords last week.

The agreements were signed by Russia Deputy Prime Minister Igor Sechin and the Cuban Council of Ministers’ Vice President Ricardo Cabrisas Ruiz during Sechin’s visit to the Caribbean nation.

According to the agreements, Russia will provide 20 million USD in credit to Cuba as well as technical support in financial, nickel and oil industries. Russia will also supply wheat to the country.

Cabrisas said during his meeting with Sechin that the latter’s trip showed the political determination of the two countries to boost friendship and bilateral cooperation.

Russia is Cuba’s tenth trading partner. Two-way trade turnover between the two countries reached 350 million USD in 2007 and increased nearly 20 percent in the first half of this year.-

Trade union exchange on labour agreements

In Uncategorized on September 18, 2008 at 6:00 pm

Hanoi (VNA) – The Vietnam General Confederation of Labour (VGCL) exchanged experiences in negotiating and signing collective labour agreements with trade union representatives from Singapore, the Republic of Korea, Japan and Malaysia at an int’l workshop held in Hanoi on Sept. 18.

VGCL Vice Chairman Mai Duc Chinh highlighted the important role of collective labour agreements in protecting labourers’ legal and legitimate rights and interests, saying the good agreements help set up a harmonious and stable working relations in businesses.

The workshop, jointly held by VGCL and Germany’s FES institute, is also a chance for the Vietnam trade union to learn different models of collective agreements introduced by international trade unions and trade unions of other countries.

According to Chinh, regulations on negotiating and signing collective labour agreements for Vietnam’s businesses were stipulated in the 1995 Labour Code. However, they have not yet meet the current requirements.

There should be a suitable model for collective labour agreement signing to meet labourers’ requirements as well as reduce working disputes and strikes, Chinh said.

At the workshop, FES country director Jorg Bergstermann said FES considers VGCL as its important partner for close cooperation.

The two-day workshop will also touch upon challenges and solutions for the negotiations of collective labour agreements in foreign-invested enterprises operating in Vietnam.-