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BUSINESS IN BRIEF 12/2
World Bank programme requests research proposals
The Ministry of Planning and Investment (MPI) has invited
proposals for World Bank (WB)-funded Vietnam Inclusive Innovation Project.
To be implemented during the 2013 to 2018 period, the project
will aim to support Vietnamese research organisations, enterprises and
individuals and help them adopt, upgrade, develop and commercialise
technologies to deliver high performance products and technological solutions
at an affordable cost for the benefit of the poorest.
It will also prioritise technological solutions for
traditional herbal medicine, information and communication technology
applications, as well as agriculture and aquaculture technologies.
The project's total investment is 55.625 million USD, with
preferential loan worth 55 million USD drawn from the WB's International
Development Association (IDA) and 625,000 USD from the Vietnamese
government's corresponding capital.
MPI's Enterprise Development Agency will be responsible for
the management and execution of this project. The National Foundation for
Science and Technology Development (NAFOSTED) will manage capital allocated
for participating organisations and individuals. Vietcombank and Vietinbank
have also been selected to manage the loans of enterprises.
The closing date for the first call is March 31. The second
and third calls will conclude on June 30 and October 31, respectively.
However, the project's management board will start considering proposals
after receiving 100 submissions.
Speaking at the opening of the first call for proposals in
"I hope that during the first call for proposals, the
project will select many outstanding ideas with advanced technologies and
excellent innovation," he said.
WB Country Director in Vietnam Victoria Kwakwa said the
project focusing on small- and medium-sized enterprises would support
GE Hitachi,
An American provider of advanced reactors and nuclear services
will help the Vietnam Agency for Radiation and Nuclear Safety (VARANS)
enhance its understanding of boiling water reactor technology under a
Memorandum of Understanding signed Tuesday.
GE Hitachi Nuclear Energy (GEH) will promote the training and
development of qualified human resources in the field of nuclear safety
analysis, the Wilmington-based company said the same day on its website.
The document was signed by GEH Senior Vice President and Chief
Commercial Officer David Durham and VARANS director general Vuong Huu Tan at
the Ministry of Science and Technology in
“This agreement will enhance the capability of VARANS staff to
perform technical assessments and safety evaluations,”
“Through this agreement and others we look forward to
continuing to support the building of
VARANS head Tuan viewed the MoU as a major event in
Vietnam-U.S. nuclear cooperation since the signing of the bilateral 123
agreement.
The 123 agreement was signed by U.S. Secretary of State John
Kerry in October 2013, and approved by the U.S. Senate Committee on Foreign
Relations on July 23, 2014, according to the Nuclear Energy Institute’s
website.
“Since [the signing], the bilateral cooperation between the
two countries in this field has generated many positive results,” Tuan said
in a statement posted on the VARANS website.
“The
The VARANS head underlined that
This is the third agreement GEH has signed in
GEH inked MoUs last fall with the Hanoi University of Science
and Technology and
“As the provider of the world’s safest reactor technology
designs, GEH believes it is ideally positioned to help
GEH is among the world’s leading providers of advanced
reactors and nuclear services, according to the company’s website.
Established in June 2007, GEH is part of a global nuclear
alliance created by GE and
The nuclear alliance executes a single strategic vision to
create a broader portfolio of solutions, expanding its capabilities for new
reactor and service opportunities. It also offers customers around the world
the technological leadership required to effectively enhance reactor performance,
power output and safety.
VARANS is a regulatory body under the Ministry of Science and
Technology that is responsible for helping the Minister of Science and
Technology manage radiation and nuclear safety, nuclear security and
safeguards, the agency said on its website.
By the end of 2014,
During 2014 alone, the MPI licensed 109 Vietnamese-invested
projects in 28 countries and territories with a total registered capital of
1.047 billion USD.
Of the 109 projects, Vietnamese enterprises have invested in
23 projects in
Other major Vietnamese investment destinations include
Power sector urged to boost production
Deputy PM Hoang Trung Hai has urged the National Power
Transmission Corporation under the Electricity of Vietnam (EVN-NPT) and power
plants to enhance production and operations and ensure safety and incomes for
workers.
Deputy PM Hai made the statement while visiting the Mong Duong
1 and 2 Thermal Power Plants and the Quang Ninh 500kV Substation under the
Dong Bac 1 Power Transmission Company in the northern coastal
He praised the contributions of power production and
transmission units in the northeast region to the national power network,
meeting the country’s power demand.
Earlier, the Government official had a working visit to the
Cua Ong Coal Company, Nam Khe Tam mine and workers’ accommodation from the Dong
Bac Corporation.
After hearing the corporation’s report on its operations,
Deputy PM Hai acknowledged the outcomes and stated new tasks for the coal
sector to realise 2015 targets and get ready for the 2016-2020 plan.
He reminded the corporation about boosting technological
innovation, maintaining working discipline to ensure extraction safety and
effectiveness, and continuing to improve living standards for the workers.
Economy benefits much from oil price slump
Experts at a seminar in
If the oil price falls by US$1 a barrel, PVN may lose VND2.5
trillion in revenue, said Le Viet Trung, director of the
However, Trung said the oil price plunge benefits the nation’s
economy. “Lower material cost is the first benefit of falling oil prices and
will stimulate domestic production and consumption. This is good for the
economy,” Trung said.
Trung noted that declining oil prices do not bring out
immediate impacts on the economy as fuel prices and transport cost on the
domestic market take more time to decline.
Luong Van Khoi, head of global economy department at the
Khoi said if a barrel of crude oil is priced at US$50,
Last year, the country’s GDP was estimated at US$184 billion,
and a further GDP rise of 0.48% would generate an additional US$900 million,
equivalent to VND19 trillion.
If the oil price is US$40 a barrel, GDP would increase by a
further 0.61% while inflation, tax collections and foreign reserves would
drop by 1.11%, VND7.64 trillion and US$1.12 billion respectively.
In case, the oil price is US$30 per barrel, GDP is projected
to expand by an extra 0.75%, inflation would go down 1.07%, tax collections
would fall by VND8.663 trillion and foreign reserves would shrink US$1.45
billion.
These scenarios do not include the oil crude pumping of PVN.
Economic expert Luu Bich Ho said the oil price slump is not
too worrisome as earnings from crude oil account for only 12% of total budget
revenues.
To beef up growth, Khoi called for the central bank to loosen
monetary policy and further cut interest rates for loans.
Higher taxes for HCMC restaurants, household businesses
The HCMC Department of Tax has adjusted up tax rates for
restaurants, wedding service centers and household businesses on major
streets as part of its new tax scheme applicable to nearly 130,500 individual
and household tax payers in the city this year.
Tran Thi Le Nga, deputy director of the department, said the
scheme is expected to help the city increase tax collections by 16-17% this
year as assigned by the Ministry of Finance.
Nga stressed that the agency has made careful tax adjustments
to ensure fairness for tax payers, particularly household businesses.
The agency has not changed tax rates for individual traders at
traditional small- and medium-scale markets given their sales declines. Some
have even benefit from lower tax.
Nga said the agency has classified and considered multiple
cases to apply reasonable tax rates. For example, household businesses with
total annual revenues of VND101-108 million do not have to pay certain taxes.
Statistics of tax authorities in HCMC’s 24 districts showed
that about 130,500 out of 181,000 household businesses have annual sales of
more than VND100 million, and their combined personal income and value added
taxes are estimated at VND2 trillion this year, accounting for 1.2% of tax
revenue from domestic sources. Each of these individuals and household
businesses has to pay monthly taxes of about VND1.3 million.
The owners of housing for rent to students and workers were
subject to tax exemptions and reductions last year, but have to pay personal
income tax this year if their revenues are more than VND100 million a year.
The personal income tax rates are 2-5% of revenue.
Local firms may lag behind regional rivals
Domestic enterprises may be left behind if they do not quickly
prepare plans to catch up with regional rivals and make the most of the
country’s deeper integration into the region, warned experts at a conference
in HCMC last week.
Local companies will also have to cope with fiercer
competition as
Speaking at the conference on major challenges for Vietnamese
businesses from 2015, ambassador and head of SOM ASEAN Vietnam Nguyen Vu Tu
said the ASEAN Economic Community (AEC) will be established on December 31,
2015.
Under the ASEAN Trade in Goods Agreement (ATIGA),
However, when import tariffs are exempted, countries may
resort to technical barriers to control imports from ASEAN, Tu said.
Trade and services within the bloc, including aviation,
information technology, healthcare, tourism and logistics, will increase this
year as member countries have to fulfill commitments to the ASEAN Framework
Agreement on Services (AFAS). The bloc is expected to conclude negotiations
soon over the ASEAN Trade in Services Agreement to fuel growth in these
fields.
Regarding investment,
ASEAN countries have committed to allowing skilled workers to
find jobs within the bloc but the commitments have not affected
ASEAN nations have pledged to build close links among banking
and securities sectors to boost capital flows. They have negotiated on
financial service liberalization and are now developing a framework on
capital flows.
Tu described 2015 as an important transitional year for
The Government will face more pressure to improve the business
and investment environment as well as social welfare.
Between now and 2020, Vietnam will implement and wrap up
negotiations over 15 trade agreements with 57 countries and territories which
account for 65%, 95% and 84% of the world’s population, gross domestic
product, and trade respectively. In 2018,
Nguyen Nguyet Nga of the APEC Secretariat 2017 under the
Ministry of Foreign Affairs said competition will be the biggest challenge
for Vietnamese enterprises, particularly husbandry, dairy, steel, automobile
and sugar sectors which have been protected over the years.
Nga said weaknesses of local enterprises will exposed in the
next 5-10 years and they might lag far behind regional counterparts if they
cannot find effective solutions to these problems.
Companies in
Bold measures needed to fuel growth - experts
Vietnamese and foreign experts have called for
Economic expert Pham Chi Lan said at a seminar on Vietnamese
firms in a new era of global economic integration in HCMC last week that it
would be difficult for the nation to achieve high economic growth if it
lacked strong actions.
Lan mentioned two scenarios for
She said the competitiveness of local economy and enterprises
has not improved much and
In the past years, the country’s growth has hinged mainly on
low labor cost and outsourcing rather than high labor productivity and
creativity. There has been a slow increase in labor quality since 2006 and
unskilled workers still take the lion’s share of the country’s manpower.
On top of that, 70% of
Herb Cochran, executive director of the HCMC Chapter of
the American Chamber of Commerce in
The nation’s economic growth was only behind
In terms of economic incentive beneficiaries, the local
private sector is placed after State-owned enterprises and foreign direct
investment firms. Economic woes have forced private companies to scale down
their operations and labor force.
Cochran suggested the Government support small enterprises by
granting them contracts and creating a supply chain for them to join.
Policies should be worked out based on the actual situation of the local
economy.
Commenting on economic growth this year, Nguyen Xuan Thanh,
director of the Fulbright Economics Teaching Program in
Thanh noted that there were grounds for
Despite a 5-6% pickup in domestic sales in 2014, exports
increased by 13.6% year-on-year to a US$150-billion milestone and helped the
country enjoy a trade surplus of US$2 billion.
After years of tightening, public investments rose more than
11% in 2014 coupled with increases in the FDI sector.
Thanh predicted that monetary and fiscal policies would be loosened
in 2015 and inflation would be 5%, the same as the Government’s expectations.
Public debt including the loans guaranteed by the Government
rose to almost 60% of the country’s GDP last year and Thanh forecast it would
reach 64% this year before easing off in the following years.
At a conference in
VN Pangasius seeks to improve distribution
The Vietnam Pangasius Association (VN Pangasius) has
underscored an urgent need to improve the distribution efficiency of tra fish
products in order to help the sector spur competitiveness and earn more
revenue.
Vo Hung Dung, general secretary of VN Pangasius, told a
seminar on restructuring of the tra fish sector in the Mekong Delta
Dung pointed out there are problems with breeder fish,
breeding, processing and distribution in the tra fish sector. However, he
stressed the sector should focus more resources on developing distribution
channels and finding ways to directly sell products to foreign importers.
Dung said enterprises in developed countries spend heavily on
building and expanding outlets for their products but local companies cannot
do this due to their weak capacity and supporting policies.
Le Vinh Tan, deputy head of the Party Central Committee’s
Economic Commission, shared Dung’s view, saying that consumption is a big
problem for the country’s agricultural sector in general and the tra fish
sector in particular.
“Developing export markets is crucial for the success of the
local tra fish sector,” Tan said.
Tra fish exports have jumped to US$1.7-1.8 billion a year as
currently, and distributors and retailers in foreign markets have benefited
much from this strong growth and have financial capacity to acquire tra fish
firms in
Therefore, experts at the seminar urged the tra fish sector to
quickly expand export markets, improve technology to produce breeder fish,
and enhance governance at local enterprises.
“The governance models that local enterprises apply will
likely turn outdated when the country further integrates into the regional
and global economies,” Dung said.
Local tra fish enterprises should identify market segments for
their products and improve their market forecast capacity and competitive
edge at a time when
NFSC puts CPI at 3% this year
The National Financial Supervisory Commission (NFSC) has
projected
The commission’s projections are the same as the Government’s
GDP growth target but lower in terms of inflation. At a meeting in late
January, the Prime Minister told ministries and agencies to rein in inflation
at around 5% this year.
In a recent report sent to the Government, NFSC said the CPI
estimate is based on the World Bank’s forecast for the average price of crude
oil at US$96.2 per barrel last year and US$53.2 per barrel this year.
The commission said there have been more signs of recovery in
the economy. The index of industrial production (IIP) last month rose by
17.5% against the same period last year. Notably, processing and
manufacturing expanded 19.4%, higher than the increase of January last year
and the average monthly rise in 2014.
According to a recent report of HSBC, the Purchasing Managers'
Index (PMI) of
Meanwhile, the index of input prices in December 2014 was
below 50 points, the lowest rate in two and a half years.
Consumption rose strongly in January, less than one month
before the Lunar New Year (Tet) holiday. As a result, total retail sales of
goods and services climbed 11.95% (price factors excluded) against a year ago
and higher than in previous years.
January’s retail sales of goods and services increased 8.9% in
2011, 4% in 2012, 1% in 2013 and 7.2% last year.
The Business Climate Index (BCI), an indicator of European
firms’ confidence in
The VN-Index edged up 8% last year despite the impacts of
worker protests against
As of January 27, the winning streak had extended and the main
index had gained 6% year-on-year thanks to falling fuel prices on the world
and domestic markets and foreign buying. This meant investor sentiment and
stock trading improved remarkably.
NFSC estimated the country’s GDP growth at 5.4% in the first
quarter of this year and the uptrend would continue in the next quarters.
Therefore, the GDP growth target of 6.2% this year is obtainable.
HCMC needs to identify a proper driver for future growth as it
now cannot compete with cities in the region, heard a seminar yesterday.
Speaking at the seminar on the city’s economic restructuring
in 2013-2020 held by the HCMC Institute for Development Studies, economic
expert Huynh The Du said he is conducting a study on the competitiveness of
HCMC and that this city’s competitive edge is much lower than Manila of the
Philippines and Bangkok of Thailand.
Du cited Lee Kuan Yew’s autobiography which says that HCMC was
able to compete with
With
Du said the HCMC government should work out solutions and find
driving forces to help the city move forward.
Du said when studying the competitiveness of HCMC, he realized
three basic problems. Civil servants have a low motivation for work or have
no motivation at all, statistics are unreliable, and development planning is
not of help.
“These are three common problems of the country,” Du said.
Tran Anh Tuan, deputy head of the institute, said the economic
structure of HCMC was based on the two main pillars: service and
industry-construction in 2001-2014. In this period, the number of service
enterprises in HCMC accounted for 70% of the total, the industry-construction
sector took up 26% and the agricultural sector made up the remainder.
The service sector will continue to play a key role in the
city’s economy in the 2013-2020 period with a focus on financing, banking and
insurance; trade; transportation, warehouses and ports; post-telecom and
information technology-communications; real estate; consulting, sciences and
technology; tourism; healthcare; and education.
A report of the HCMC Department of Planning and Investment
released early this year showed that the proportion of the service sector is
expected to rise from 53.6% of the city’s GDP in 2010 to some 59.9% this year
while that of the industry-construction sector will fall from 45.4% in 2010
to 39%. Besides, the agricultural sector’s proportion has been just around 1%
in the past years.
Many power companies fare well
Sales and profit of a lot of hydropower and thermal power
plants grew in 2014 after years in difficulty.
Southern Power Corporation posted revenue of nearly VND65.78
trillion (US$3 billion) last year, up around 14% year-on-year. Six companies
under the corporation reported sales rises by 20-30% while 15 other
subsidiaries in the southern region recorded revenue increases of below
20%.
Figures showed 2014 was a successful year for many hydropower
and thermal power plants as their profit doubled and even tripled compared to
the previous year, and a number of enterprises rode out of losses.
For instance, net profit of Central Hydropower Company nearly
doubled to around VND213 billion last year. In 2012, the enterprise incurred
losses of nearly VND7 billion.
Southern Hydropower Company posted net profit of nearly VND215
billion in 2014, nearly doubling the year earlier.
Ba Ria Thermal Power Company saw after-tax profit last year
triple to nearly VND150 billion and net profit of Ninh Binh Thermal Power
Company rose by VND9 billion to VND45 billion.
At a meeting with the Ministry of Industry and Trade on
December 31 last year, representative of Vietnam Electricity Group (EVN) said
this State-run corporation obtained profit of some VND300 billion in 2014.
However, EVN declined to give specific information about
bonuses for its employees on the occasion of the Lunar New Year holiday
(Tet).
As observed by the Daily, employees of the electricity sector
can get the average Tet bonus of VND20-30 million, which is much higher than
employees of other sectors like transport, apparel and footwear.
According to the Ministry of Labor, Invalids and Social
Affairs released last month, the average Tet bonus for an employee is VND5
million and the lowest is VND30,000.
State capital divestments in HCMC lower than expected
Fifteen State-owned corporations in HCMC had pulled a mere 15%
of VND3.81 trillion capital set for the 2014-2015 period out of the fields of
banking, insurance, real estate and investment funds by the end of last year.
Huynh Trung Lam, deputy head of the HCMC Steering Committee
for Enterprise Reform and Development, told the Daily about the slow
divestment on the sidelines of a review meeting on equitization of
State-owned enterprises (SOEs) in the city on February 5.
Lam said the committee has reported to the HCMC government
that divesting 85% of the State capital from non-core businesses in 2015 is a
tough task and completing this requires great efforts of all the SOEs
concerned.
Local SOEs have no choice but to pull all capital out of real
estate, insurance and banking sectors this year to concentrate their
resources on core operations.
Lam said the combined divestments of SOEs in 2013 were modest,
at only VND30 billion.
Most of the SOEs in the city ran at a profit last year but
their revenues dropped in the past years. For example, their total sales were
nearly VND157.38 trillion in 2011 but fell to over VND122.5 trillion in 2012,
and almost VND84.75 trillion in 2013.
At the meeting on February 5, 19 SOEs in HCMC signed
agreements promising to go public this year. Last year, a dozen SOEs finished
their equitization.
Nguyen Van Du, deputy general director of Saigon Water
Corporation (Sawaco), which plans to equitize four subsidiaries, complained
about time-consuming and complicated procedures for land value evaluation and
asset liquidation at entities subject to equitization.
Du said the allowable fees for equitization should be revised
up as the current levels are too low.
Nguyen Thi Mai Thanh, chairperson of REE Corporation, said one
of the keys to equitization success is to develop enterprises into attractive
companies for employees, board of directors and shareholders. This is the
reason why REE applied for equitization in 2002.
REE now has 10,000 shareholders and equity of VND6 trillion,
400 times higher than 1993. Its profit soared to more than VND1.05 trillion
last year from VND975 billion in 2013.
“It is important to manage operations, identify possible risks
and leave loss-making businesses,” Thanh said. “We cannot supervise our
operations if we do not have good corporate governance.”
Alumina route upgrade to finish this month
BT20-Cuu Long Joint Stock Company has urged contractors to
accelerate work on National Highway 20 and complete upgrading the section of
this road used for alumina transport this month.
A new La Nga Bridge on the national highway was opened to
traffic on February 5, allowing bigger vehicles to transport alumina from Lam
Dong to
The investment cost of the 330-meter bridge in La Nga District
in
Tran Van Vinh, vice chairman of
Concerning the road upgrade, contractors have covered asphalt
on 40% of the road section in the first phase and plan to finish work within
this month, according to Do Ngoc Dung, general director of BT20-Cuu Long
Joint Stock Company.
The National Highway 20 upgrade project comprises of two
phases. The first phase covers the section from Dau Giay in
The remaining national highway section of the second phase is
estimated to cost VND3.1 trillion and will be upgraded when investors are
found.
National Highway 20 is the key road connecting
S.Korea firms stop wood pellet imports from Vietnam
Local producers of wood pellets have been lost in dismay as
companies in
By the end of last year,
However, a halt in shipments of wood pellets to
Explaining the suspension, Quan said the supply of pellets in
the Korean market has outpaced the demand due to a large volume of pellet
imports in previous years.
On the other hand,
The surge in wood pellet producers in
As of September last year,
To find the way out of the roadblock, local enterprises are
encouraged to explore opportunities in new export markets, including
Nguyen Khanh Ha of the Vietnam Wood Pellet Association
expected wood pellet producers can sell up to one million tons to households
a month based on the number of some 12 million cookers fueled by coal and
wood in the country.
“This is a big market for wood pellets,” Ha said.
Dak Nong spends big on Macadamia development
The Central Highlands
Around 85 billion VND will be sourced from the State budget
and the remaining bulk is to come from loans and businesses’ investment.
The locality will devise incentives encouraging the participation
of enterprises and communities in the project including interest subsidy for
loans taken for the purpose. In addition, each ha of newly-planted macadamia
will receive a grant of 15 million VND in line with the Government support
policy.
The provincial administration will invest in two nurseries to
produce high-quality macadamia seedlings that meet international standards
and a processing plant with a design annual capacity of nearly 20,000 tonnes
of macadamia products.
Tuy Duc district, one of four border districts in Dak Nong,
has ideal conditions for the growth of the tree, revenue from which will
contribute to poverty reduction and raising the local living condition while
protecting forestry and ensuring social and political order and security.
The macadamia nut is dubbed “the Queen of Nuts” for its
extraordinary nutritional value.
Experts said compared to other common edible seeds, such as
almonds and cashews, macadamias are low in protein and have the highest
mono-unsaturated fat content.
The plant, indigenous to
Notably,
Mekong Delta strives for 10.2 bln USD in aquatic, rice exports
The Mekong Delta generated 850 million USD in aquatic and rice
exports in January, equal to 8.3 percent of the annual target and 75.2
percent of the region’s total export revenue, according to Can Tho city’s
Statistics Office.
The region looks to garner around 10.2 billion USD from the
export of the two products alone this year. It currently uses 800,000
hectares of water surface for aquaculture and 4.2 million hectares of land
for rice cultivation.
The aquaculture products industry targets an output of 3.7
million tonnes to meet the demand of 198 local processing plants, and rice
farmers intend to ensure 80 percent of their crops are considered
high-quality rice.
Mekong Delta localities will also increase the quality of
trade promotion activities by assisting businesses to conduct market surveys
and advertise their products in Asian, African,
Enterprises will be provided with global experience in risk
management during the import-export process and applying special financial
conditions.
They will also be provided with 56 billion VND (2.63 million
USD) in loans to invest in technological renovation, production scale
expansion, and process industry restructuring to improve their market
competitiveness.
Last year, regional localities boosted trade promotion
activities in many Asian, European and North American nations, while
improving the production of high-quality rice for export to particular
markets like Japan, the EU, the US, Singapore, and Australia.
The region’s aquatic products and rice exports were valued at
8.9 billion USD in 2014, an increase of nearly 700 million USD from the
previous year.
Vinachem to sell its Hanoi Soap Company shares
The Viet Nam National Chemical Group (Vinachem) is set to sell
all of its shares in Hanoi Soap Joint Stock Company (XPH), according to Hanoi
Stock Exchange.
The shares, amounting to more than 10.37 million, or an 80-per
cent stake in XPH, will be auctioned on March 17 this year. The investors can
register and pay in instalments from February 9 to March 30 this year.
However, foreign investors are not permitted to buy the shares
or register to participate in the auction.
The XPH has registered capital of more than VND129.7 billion
(US$6.08 million), and the company specialises in producing multi-purpose
detergents and in trading imported chemicals, materials, and detergents;
packages; and labels.
The company began listing on the unlisted public company
market (UPCoM) managed by the Ha Noi Stock Exchange on November 25, 2014,
with a reference price of VND18,000 ($0.80) per share. At present, the XPH
shares are being purchased for VND13,200 ($0.60) each.
Hitachi, Ltd. (TSE: 6501 / “Hitachi”) today announced to have
received an order from the Urban Civil Works Construction – Investment
Management Authority of Ho Chi Minh City for an expansion work project to a
large-scale sewage treatment facility in the city.
The ground-breaking ceremony to this expansion project was held
at the Binh Hung Sewage Treatment Plant in
As the largest city in
This project aims to improve
Plans are currently under way for future sewage infrastructure
development projects in
Kunizo Sakai, president and CEO of Hitachi’s Infrastructure
Systems Company said, “
The expansion project in
Source: VEF/VNA/VNS/VOV/SGT/SGGP/Dantri/VIR
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Thứ Tư, 11 tháng 2, 2015
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