Rubbish is classified before treatment at Cà Mau City Waste Treatment Plant. About 38,000 tonnes of solid waste are produced a day at urban areas in Việt Nam. — VNS Photo Huỳnh Thế Anh HÀ NỘI — Businesses which reuse materials are the lifeline of Viet Nam’s environmental future, a workshop in Hà Nội was told on Wednesday. Organised by the Ministry of Natural Resources and Environment (MoNRE), Võ Tuấn Nhân, deputy minister of MoNRE, said the development of a circular economy, which focused on recycling of leftover material and waste was a solution to help countries develop sustainably and protect the environment. The application of circular economic models in solid waste management, particularly urban solid waste, has brought about remarkable results in a number of countries across the world, he said. It is estimated around 38,000 tonnes of solid waste are produced each day in urban areas. The amount … [Read more...] about Adoption of circular economy vital to solid waste settlement
Rural urban migration effects on rural areas
Technological progress produces mixed results in rural areas
Việt Nam’s Business & Economics Research Conference 2019 is the premier Vietnamese conference for academics, policymakers, practitioners and postgraduate students. Photo courtesy of HCM City Open University HCM CITY — Urban technological progress raises the competitive advantage of urban firms over rural firms in product market competition, and can lead to a brain drain in rural areas, Oudom Hean of Ohio State University in the US said at a conference in HCM City. Speaking at the Việt Nam’s Business & Economics Research Conference 2019 held on July 18-20, Hean explained that technological progress in both urban and rural areas increases productivity and leads to higher wages. However, according to Hean, such progress has a mixed impact on rural areas. “Progress in urban technology also exerts an ambiguous effect, a brain drain, on the rural labour … [Read more...] about Technological progress produces mixed results in rural areas
BUSINESS NEWS 20/12
Thanh Thanh Cong Investment acquires 35 million SBT shares, lifting ownership to 32 per cent Thanh Thanh Cong Investment JSC has purchased 35 million shares in Thanh Thanh Cong - Bien Hoa JSC (SBT), lifting its ownership in the sugar manufacturer to 158.5 million shares, an equivalent of 32 per cent of SBT’s capital. The number fell short of its total registered purchase of 45 million shares. Shares in SBT were trading at around VND20,000-22,000 (US$0.90) on the Ho Chi Minh Stock Exchange during the purchasing time from November 16 to December 14, putting the deal value at more than VND750 billion ($32 million). Earlier in November, chairwoman of Thanh Thanh Cong Investment JSC Dang Huynh Uc My completed the purchase of 20 million shares of SBT, raising her stake to 10.6 per cent. The two shareholders have a combined stake of 42.6 per cent of the outstanding shares of SBT. In October, the company approved a plan to allow My and her affiliates to increase … [Read more...] about BUSINESS NEWS 20/12