Hoa Phat Dung Quat Steel JSC of Hoa Phat Group is coordinating with Italian group to produce stainless steel (Illustrative image. Source VNA) Quang Ngai (VNA) - Hoa Phat Dung Quat Steel JSC of Hoa Phat Group is coordinating with Italy’s Danieli – one of the world’s largest suppliers of metallurgical equipment to consider a project on stainless steel (inox) production. According to Deputy Director of the Hoa Phat Dung Quat Steel JSC Vuong Ngoc Linh, the project is designed with a capacity of 600,000 tonnes per year, which could be increased to one million tonnes per annum, and will be the first modern stainless steel manufacturing plant in Vietnam. The plant will be located at the Hoa Phat Dung Quat iron and steel production complex area in Dung Quat Economic Zone in central Quang Ngai province to make use of the available infrastructure. The project, which will be completed by 2020, aims to increase the value chain of steel products, and reduce … [Read more...] about Hoa Phat partners with Italian group to produce stainless steel
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DPM Hue to visit U.S., Brazil, Chile next week
Deputy PM Vuong Dinh Hue, head of the Steering Committee for international economic integration, will pay official visits to the U.S., Brazil and Chile from June 25-July 6. Deputy PM Vuong Dinh Hue He will be accompanied by Minister of Transport Nguyen Van The, deputy head of the Central Economic Commission Tran Sy Thanh, Deputy Minister of Foreign Affairs Ha Kim Ngoc, Deputy Minister of Planning and Investment Vu Dai Thang, Deputy Minister of Industry and Trade Do Thang Hai, Deputy Minister of Finance Huynh Quang Hai, Deputy Minister of Agriculture and Rural Development Ha Cong Tuan, Deputy Governor of the State Bank of Viet Nam Nguyen Thi Hong and Vice Chairman of the Government Office Nguyen Sy Hiep. The Deputy PM’s official visit to the U.S. from June 25-27 aims to maintain and enhance the two countries’ diplomatic relations, affirming Viet Nam’s wish to accelerate cooperation with the U.S. within the Comprehensive Partnership, and seeking ways … [Read more...] about DPM Hue to visit U.S., Brazil, Chile next week
Drug addiction drives youngsters to commit crimes
Drug addicts make shoes at Bau Bang Rehabilitation Centre in the central city of Da Nang (Photo: VNA) Hanoi (VNS/VNA) - Drug addiction among young people has remained high and is the main cause of crimes among them, with half of young addicts having committed crimes, according to the Ministry of Labour, Invalids and Social Affairs (MoLISA). Nguyen Trong Dam, Deputy Minister of Labour, Invalids and Social Affairs, said that the ministry estimated that there are about 222,580 drug addicts nationwide, most of them under 35. Of that, 8 percent started using drugs when they were adolescents. The rate of those using synthetic drugs, such as methamphetamine, ecstasy, ketamine, amphetamine or cannabis was rising annually, by an increase of between six and eight percent a year on average. In big cities such as Dong Nai, Da Nang and Tra Vinh, about 80 percent of drug addicts were reported to use synthetic drugs. These drugs can cause symptoms such as physical and mental malfunctions, … [Read more...] about Drug addiction drives youngsters to commit crimes
Auto support industries falling short
The positive results posted by Vietnamese manufacturers in support industries over the last 20 years have come mostly on the back of the development of the local motorcycle industry. Despite the government’s policies to limit the number of vehicles on Vietnam’s streets, there have been many opportunities in place for manufacturers to grow, according to Ms. Truong Thi Chi Binh, Vice Chairwoman and Secretary General of the Vietnam Association of Supporting Industries (VASI). “They are willing to be involved further in automobile support industries once volumes in the industry are sufficiently large, along with government support in terms of policies,” she said. Bright side The Export Mechanical Tool JSC (EMC), the Nhat Quang Steel Limited Company, and the Manh Quang Mechanics Co. - three of VASI’s 224 members - have posted good results from the flourishing motorcycle market. Reaching 3.38 million local and imported vehicles in 2018, Vietnam stood behind … [Read more...] about Auto support industries falling short
Conference promotes engagement in hydropower planning in Mekong basin
Drought in the Mekong Delta region (Photo: VNA) Hanoi (VNA) – Environmental experts gathered at a conference held in Hanoi on September 11, discussing the important roles of stakeholders in outlining hydropower master plan and protecting water resources in the Mekong River basin. The event was organised by the Centre for Sustainable Development of Water Resources And Climate Change Adaptation in collaboration with the Centre for Water Resources Conservation and Development and the Vietnam Rivers Network. Discussions at the conference highlighted water exhaustion and pollution in the Mekong Delta region and their impact on local socio-economic development, as well as potential to branch out small- and medium-sized hydropower plants in northern Lao Cai province’s Sa Pa district and its side effects on the local environment and tourism. According to Vietnam Rivers Network’s Head Coordinator Dao Trong Tu, the conference aimed to promote the important roles of … [Read more...] about Conference promotes engagement in hydropower planning in Mekong basin