The Committee, established by the Government, has one Chairman and at most four Vice Chairmen appointed or dismissed by the Prime Minister. It has 9 departments, including Department of Agriculture, Department of Industry, Department of Energy, Department of Technology and Infrastructure, Department of General Affairs, Department of Legislation and Internal Control, Department of Staff Organization, Administration Office, and the Information Center. The Committee shall be responsible for managing capital worth VND 820 trillion (nearly US$ 36 billion) and a total value of assets at over VND 1.5 quadrillion invested at 19 State corporations and groups, proposing overall strategy for investment development of these enterprises and submitting it to the Government and the Prime Minister for approval. The Committee shall act as State owner representative at the following enterprises: a) State Capital Investment Corporation (SCIC); b) Viet Nam Oil and Gas Group (PVN); c) Electricity of Viet … [Read more...] about Committee for State Capital Management makes debut
Oil n gas industry
China says ‘no cause for panic’ over US ties, but won’t be blackmailed
At a U.N. Security Council meeting on Wednesday, U.S. President Donald Trump escalated tensions with Beijing by accusing it of seeking to meddle in the Nov. 6 U.S. congressional elections to stop him and his Republican Party from doing well because of his China trade policies. At the same meeting, Wang rejected the charge. “Protectionism will only hurt oneself, and unilateral moves will bring damage to all,” Wang said in a speech at the United Nations General Assembly on Friday. “Regarding trade frictions, China stands for a proper settlement based on rules and consensus through dialogue and consultation on an equal footing. China will not be blackmailed or yield to pressure.” Trump, who accuses China of stealing U.S. intellectual property, limiting access to its own market and unfairly subsidizing state-owned industries, has escalated his trade war with China and U.S. tariffs on $200 billion worth of Chinese goods kicked in on Monday, prompting Beijing to … [Read more...] about China says ‘no cause for panic’ over US ties, but won’t be blackmailed
China says ‘no cause for panic’ over U.S. ties, but won’t be blackmailed
At a U.N. Security Council meeting on Wednesday, U.S. President Donald Trump escalated tensions with Beijing by accusing it of seeking to meddle in the Nov. 6 U.S. congressional elections to stop him and his Republican Party from doing well because of his China trade policies. At the same meeting, Wang rejected the charge. “Protectionism will only hurt oneself, and unilateral moves will bring damage to all,” Wang said in a speech at the United Nations General Assembly on Friday. “Regarding trade frictions, China stands for a proper settlement based on rules and consensus through dialogue and consultation on an equal footing. China will not be blackmailed or yield to pressure.” Trump, who accuses China of stealing U.S. intellectual property, limiting access to its own market and unfairly subsidizing state-owned industries, has escalated his trade war with China and U.S. tariffs on $200 billion worth of Chinese goods kicked in on Monday, prompting Beijing to … [Read more...] about China says ‘no cause for panic’ over U.S. ties, but won’t be blackmailed
BUSINESS NEWS IN BRIEF 31/8
Mitsubishi plans to make electric cars in Viet Nam Japan’s Mitsubishi Corporation plans to invest in an electric automobile manufacturing factory in Viet Nam, said Executive Vice President Hiroshi Sakuma during a meeting with Vietnamese Deputy Prime Minister Vuong Dinh Hue in Ha Noi on Wednesday. At the meeting, Sakuma said his firm was evaluating the feasibility of the project and look forward to new regulations on environmental protection taxes to promote investment in the country. Hue said Viet Nam’s National Assembly would soon discuss and pass the Law on Environmental Protection Tax. There would be incentives commensurate with environmentally friendly products. The Mitsubishi Corporation is currently investing in two BOT (Build-Operate-Transfer) projects in Viet Nam, namely the Vung Ang 2 Thermal Power Plant (1,200 MW) and Vinh Tan 3 (1,980 MW) Power Plant. The corporation and Viet Nam’s Ministry of Industry and Trade signed an investment … [Read more...] about BUSINESS NEWS IN BRIEF 31/8
Breakfast @ Tuoi Tre News – January 26
Here are today’s leading new stories: Politics -- Vietnamese Prime Minister Nguyen Xuan Phuc had bilateral meetings with leaders of Singapore, Thailand and Myanmar on the sidelines of the ASEAN – India Commemorative Summit in New Delhi, India, on Thursday. -- United States Secretary of Defense James Mattis joined talks with his Vietnamese counterpart Ngo Xuan Lich and met with State President Tran Dai Quang and Party chief Nguyen Phu Trong in Hanoi on Thursday, as part of his ongoing visit to Vietnam. Society -- The Hanoi People’s Procuracy on Thursday suggested that Trinh Xuan Thanh, former chairman of PetroVietnam Construction Corporation, a subsidiary under state-run oil and gas group PetroVietnam, be sentenced to life in prison for embezzling VND14 billion (US$616,502). -- The Ho Chi Minh City Department of Transport has stated that all roadwork across the southern hub will be ceased from February 8 to 23 to allow local residents to prepare for and celebrate … [Read more...] about Breakfast @ Tuoi Tre News – January 26