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Posts Tagged ‘industry’

Coal and mineral industry fetches VND70,000 billion in 2010 revenue

In Uncategorized on January 12, 2011 at 7:07 am




Coal and mineral industry fetches VND70,000 billion in 2010 revenue


QĐND – Sunday, January 09, 2011, 22:18 (GMT+7)

The Vietnam National Coal Mineral Industries Group (VINACOMIN) earned nearly VND70,000 billion in 2010 revenue, 11 percent more than in 2009, in which coal exports reached VND21,000 billion, up by 21 percent over 2009.


On January 8, VINACOMIN organised a conference to review business and production activities in 2010 and worked out the 2011 plan.


Despite facing a lot of difficulties due to the impact of the global economic crisis, VINACOMIN still perform well, carrying out its business plans. As a result, in 2011, VINACOMIN contributed more than VND8,000 billion to the State budget, 25 percent more than in 2009 while its mineral exploration hit VND2,500 billion, up by 31 percent; electricity production reached VND2,300 billion, up by 131 percent over 2009.


Asides from this, the group restructured its enterprises and production management while implementing key projects on mining, thermal-electric power and exploring new coal mines.


Last year, VINANCOMIN ensured job provision and stable incomes for more than 1.3 million workers with a monthly average salary of VND6 million each, 5 percent more than the level of the year before.


In 2011, the group will continue to implement measures to gain more than VND72,000 billion in revenue, apply advanced technology to increase production efficiency and reduce workplace accidents.


The group will also ensure social welfare for workers as well as adopt measures for sustainable environmental protection in its exploration process.


Source: VOV


Source: QDND

Plastics industry needs long-term strategy

In Uncategorized on January 8, 2011 at 4:11 am




Plastics industry needs long-term strategy


QĐND – Tuesday, January 04, 2011, 20:42 (GMT+7)

Although the fledgling plastics industry has recorded remarkable growth over the recent period, it still faces many difficulties and it is essential to devise a long-term development strategy, experts have said.


This conclusion was drawn at a conference to discuss a draft plan for the development of the plastics industry until 2020 held in Hanoi on Jan. 2.


The industry posted 1 billion USD in export turnover last year, 21 percent up against the previous year. It is expected that the sector will retain an annual growth rate of 18-20 percent by 2020.


The industry currently exports products to 41 countries, including the US , the EU, Japan and the Philippines.


According to the Ministry of Industry and Trade (MoIT), the country now has more than 1,000 plastics companies, located mainly in HCM City and the southern provinces of Dong Nai, Binh Duong and Long An, generating about 118,000 jobs.


Le Quang Doanh, chairman of the Vietnam Plastics Association (VPA) said the sector needs restructuring to raise the proportion of value-added products such as packing and construction materials by 2015.


Ho Thi Kim Thoa, deputy minister of MoIT, affirmed the sector has great potential for the domestic sale of household products.


In terms of technical products made for electronics, construction and other manufacturing sectors, Vietnamese products were greatly appreciated by importers, she said.


“To sharpen the competitive edge of local producers, manufacturers need to further improve the quality of their products, diversify designs and expand their distribution networks,” she said.


Doanh recommended the Government and relevant State bodies develop systems to collect waste plastics more systematically, as the resources would help ease pressure to import raw materials for local production in the face of a global price hikes.


“This will not only help Vietnam protect environment, but also save foreign currency spent on imports,” he said.


Vietnam currently needs about 2.2 million tonnes of raw materials such as polyethylene (PE), polypropylene (PP) and polyvinyl chloride (PVC) and hundreds of other chemical accessories, whereas local sources can only provide 450,000 tonnes.


Dao Duy Kha, deputy general director of the Vietnam Plastics Company, pointed out deficiencies in the sector, particularly in design and products that lacked the qualifications necessary to meet standards set by international importers, with export value only accounting for a tiny 0.02 percent of the total global export value.


Experts have urged companies to apply modern technologies to improve product quality and cut costs.


Truong Thi Huyen Nga, an official from the MoIT’s financing department said that to encourage local companies to produce materials, the Government should offer preferential interest rate loans for a duration of 10-15 years.


Corporate income tax should be reduced to 10 percent from the current rate at 25 percent in the first five years of operation since it makes profit, and to 15 percent in the next five years, she suggested.


Nga also urged firms to conduct further market in existing markets and explore new opportunities.


Source: VNA


Source: QDND

OSEA2010 boosted as global industry outlook points to steady growth

In Uncategorized on November 20, 2010 at 4:13 pm

Software industry makes a massive leap

In Uncategorized on November 16, 2010 at 5:29 am

Water industry technologies displayed in HCMC

In Uncategorized on November 11, 2010 at 1:54 pm

Vietnam’s IT industry yet to satisfy regional advanced standards

In Uncategorized on November 6, 2010 at 7:19 am

Vietnam-Hungary Industry University established

In Uncategorized on November 1, 2010 at 2:11 pm

Tourism industry targets 12mln foreign visits

In Uncategorized on October 27, 2010 at 5:36 am




Tourism industry targets 12mln foreign visits


QĐND – Tuesday, October 26, 2010, 20:42 (GMT+7)

The tourism industry plans to earn 8.9 billion USD in 2015 when the country expects to welcome 12 million foreign visitors and host 28 million domestic travellers, according to a draft on tourism development from 2010-20.

The industry would earn 15.9 billion USD in revenue in 2020, which would contribute to 6 percent of GDP, according to the draft.

Nguyen Manh Cuong, deputy head of the Vietnam National Administration of Tourism, said the development plan was drafted after his administration extensively surveyed related ministries and sectors.

The draft would be submitted to Prime Minister Nguyen Tan Dung for approval, Cuong said.

In this period, the Vietnamese tourism sector would promote products rather than images, said the deputy head of the Marketing Department under the National Administration of Tourism, Nguyen Thi Thanh Huong.

The country’s tourism sector has so far created specific tourism products to attract visitors.

Officials are now eyeing Meeting, Incentive, Convention and Exhibition (MICE) events and health care tourism as potential sectors that might attract tourists from Southeast and Northeast Asia.

The industry will also need to focus on attracting more tourists from the EU, North America, Australia and Overseas Vietnamese.

In addition, programmes to study market opportunities in India and the Middle East will also be established.

Recently, the administration kicked off a slogan and symbol contest for the Vietnamese tourism sector.

The first prize is worth 50 million VND (2,500 USD) and the deadline is December 15. Domestic and foreign companies, organisations and individuals are able to participate.


Source: VNA
Photo: thitruongvietnam


Source: QDND

HCMC: hi-tech industry popular with investors

In Uncategorized on October 19, 2010 at 8:10 pm




HCMC: hi-tech industry popular with investors


QĐND – Tuesday, October 19, 2010, 22:15 (GMT+7)

Many world leading hi-tech groups such as Intel from the US , Nidec from Japan and German based multi-national Bosch are increasing the scale of their investment in Ho Chi Minh City , an indication of how attractive the hi-tech industry has become to investors.


Intel Vietnam said it would officially inaugurate the first phase of its largest global micro-chip plant, with an investment capital of 1 billion USD, at the Ho Chi Minh City Hi-tech Zone later this month.


The first batch of Intel chips worth 120 million USD is expected to be exported later this year.


Also in October, Bosch Vietnam will have its software research and production centre in Ho Chi Minh City up and running, the company’s second major production facility in the Asia-Pacific region.


According to Bosch Vietnam ’s Managing Director Vo Quang Hue, by the end of this year, the company will have begun the first phase of a 24 million USD auto-parts factory in Long Thanh district, Dong Nai. It also plans to inject an additional 30 million VND to finish the factory by 2015.


Vietnam is now the only Southeast Asian market where Bosch are involved in all three stages, research, production and sales.


Despite operating four projects in HCM City , with a combined investment of nearly 500 million USD, Nidec President Nagomori Shigennobu still says his company will continue with its investment, research and development activities in the HCM City Hi-tech Zone, as well as call on its Japanese partners to invest more in this field.


According to the General Secretary of the Vietnam Electronics Businesses Association Tran Quang Hung, the presence of foreign groups in the hi-tech industry creates opportunities for Vietnamese workers to learn and improve their skills and gradually expand the number of subsidiaries producing components for overseas companies in the next 5-10 years.


Many small and medium sized Vietnamese companies investing in the hi-tech industry could also become partners of foreign groups to manufacture spare parts and help to improve the country’s competitiveness in this sector, he added.


Vietnam has several advantages over other regional countries, such as cheap labour costs and a convenient location for transporting goods to other markets in the Asia-Pacific region, said Hue, adding that in order to develop its hi-tech industry, the country should define itself as a destination for large manufacturers.


Source: VNA


Source: QDND

WHO list reveals pandemic flu advisors with industry ties

In Uncategorized on August 12, 2010 at 11:21 am

GENEVA, Aug 11, 2010 (AFP) – Five of the 15 experts that advised the World Health Organisation about swine flu pandemic alerts had received support from the drugs industry, including for flu vaccine research, the WHO revealed on Wednesday.

This handout screen capture provided by the World Health Organisation (WHO) on August 10, 2010 in Geneva shows WHO Director General Margaret Chan speaking during a televised press release annoucing the end of the swine flu pandemic. AFP

The agency released for the first time a list of the 15 members of the Emergency Committee headed by Australian tropical diseases professor John Mackenzie, who was the only member publicly named during the outbreak.


They came from Africa, Asia, Europe, Latin and North America, the list posted on the WHO’s website showed.


Most were scientific researchers and epidemiologists, along with a Senegalese diplomat, public health officials from Thailand and Chile as well as two specialists on international air travel and health. The list can be seen at http://www.who.int/ihr/emerg_comm_members_2009/en/index.html.


Critics had raised concerns about potential conflicts of interest that might have helped the drugs industry influence decisions on huge orders for special vaccines against A(H1N1) flu.


The WHO has repeatedly denied those claims, underlining that it had vetted members and maintained secrecy over their identities to protect them from undue pressure while the outbreak of swine flu was underway.


Six people declared interests to the UN health agency, including five researchers who disclosed past or current support from pharmaceutical firms, according to the WHO list.


Nancy Cox, from the US Centers for Disease Control, disclosed financial support from a drugs industry group, the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA) for flu vaccine research and work on viruses in her unit.


US professor Arnold Monto declared current and past consultancies on pandemic or seasonal influenza research for GSK, Novartis, Roche, Baxter and Sanofi Pasteur.


He also declared a grant from Sanofi for a clinical trial in 2007-2008 related to influenza vaccines.


John Wood’s research unit at Britain’s National Institute for Biological Standards and Control (NIBSC), had undertaken research for Sanofi Pasteur, CSL, IFPMA, Novartis and Powdermed on influenza vaccine.


Professor Maria Zambon’s laboratory at the UK Health Protection Agency Centre for Infection received funding from several vaccine makers, including Sanofi, Novartis, CSL, Baxter and GSK.


British professor Neil Ferguson, an advisor to the committee, had acted as a consultant for Roche and GSK Biologicals until 2007, according to the list.


The WHO said those interests “do not give rise to a conflict of interest such that the experts concerned should be partially or totally excluded from participation in the Emergency Committee.”


The panel provided expert advice to the WHO Director General Margaret Chan about the new swine flu virus, allowing her to raise the alert when it was first uncovered in Mexico and the United States in April 2009.


It was also instrumental in the declaration of a pandemic with global spread of the disease in June 2009, triggering a chain of public health precautions including development and production of an influenza vaccine.


However, swine flu turned out to be less severe than feared.


As the virus petered out in North America and Europe in late 2009, governments sought to offload costly and huge stocks of unused vaccines and some European parliamentarians claimed the scare was unjustified.


Chan announced on Tuesday that the A(H1N1) influenza pandemic was officially over after more than 18,500 people died.


The WHO estimated that about 300 million people had been vaccinated worldwide.

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Source: SGGP