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Vedan responsible for just 65 percent of river damage: company rep

In Uncategorized on March 24, 2010 at 5:31 am

The amount of pollution that Vedan (Vietnam) Enterprise Corp. Ltd. contributed to the Thi Vai River in the southern province of Dong Nai accounted for just 65 percent of the total damage to the area, a company representative said March 16.








A section of the polluted Thi Vai River in Dong Nai Province. MSG maker Vedan Vietnam has continually denied responsibility for causing all of the pollution. (Photo: SGGP)

Vedan’s researchers had analyzed data and come up with the figure, the representative said.


Meanwhile, the Institute of Environment and Resources under Vietnam National University-HCMC reported that the Taiwanese-invested company more likely caused around 90 percent of the pollution, which stretched 10 kilometers along the Thi Vai River Valley.


The institute also said that several other areas have been negatively impacted by the water pollution including HCMC, Dong Nai and Ba Ria-Vung Tau provinces.


After having its percentage-of-damage figure refuted by the institute, Vedan proposed to take the mean of the institute’s projected figure and its own, to come up with a new figure of 77 percent.


This number would then be used to determine the amount of compensation owed by Vedan to residents affected by the pollution.


However, the institute has refused to accept the proposal.


Nguyen Van Phuoc, head of the institute, said that the figure announced by Vedan was unsubstantiated.


The institute has now transferred the issue to the Vietnam Environment Administration to make a final decision.





Source: SGGP Bookmark & Share

Temasek Holdings licensed to open Hanoi rep. office

In Uncategorized on September 18, 2008 at 6:04 pm

Singapore’s Temasek Holdings (Private) Limited has been officially licensed to operate its representative office in Hanoi.

The new office will enable the corporation to foster closer working ties with Vietnamese businesses and reinforce its commitment to Vietnam as a key market in Southeast Asia.

Temasek first established its presence in Vietnam in 2005 through a representative office in Ho Chi Minh City.

The two rep. offices function as offices for communication and market research and promote cooperative projects on securities and stock market in Vietnam.

They also supervise the execution of signed agreements between Temasek and Vietnamese economic organisations and Temasek funding projects in Vietnam.

With the Hanoi new office and increased staff strength, the corporation can now further tap on the advantages of having a presence in Vietnam’s two important business centres, said its Chief Representative in Vietnam, Derek Lau.

He added that the corporation is in a strategic position to reach out to existing and potential partners to explore partnerships and investment opportunities in Vietnam.

Temasek Holdings has invested in some companies in Vietnam such as Minh Phu Seafood Joint Stock Company, Vinasun Taxi Company and Binh Chanh Construction and Investment Company.-