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January 25

Released at: 11:10, 25/01/2018 PRESS WATCH

January 25

VET's round-up of news from Vietnamese media for January 25.

New TPP signed

The eleven members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) have completed negotiations and expect to sign the agreement on March 3 in Chile. The contents of the new agreement were agreed to after a two-day meeting in Tokyo attended by high-level representatives from the remaining eleven members of the original TPP: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

Quang Ninh village among world’s most picturesque

Cua Van, a small fishing village in the northern province of Quang Ninh, has been recognized as one of the world’s 16 most picturesque villages by Journeyetc.com, a travel blog that provides useful guidance and information about the global travel market.

New air traffic control tower for Tan Son Nhat

The Vietnam Air Traffic Management Corporation (VATM) is planning to build a new air traffic control center costing VND1.4 trillion ($61.7 million) at Ho Chi Minh City’s Tan Son Nhat International Airport as the existing tower is outdated. In a proposal sent to the Ministry of Transport, VATM said the existing center was put into operation in 2006 and its technology has now become outdated and its infrastructure has deteriorated, whereas air traffic control requires the latest technologies to ensure maximum safety.

Mekong Delta highway project suspended

The Ministry of Transport has decided to suspend a build-operate-transfer (BOT) project upgrading a section of National Highway No. 53 between Vinh Long and Tra Vinh provinces in the Mekong Delta. The ministry held a working session with Vinh Long authorities over the Long Ho-Ba Si Road upgrade project on January 22. Deputy Minister Nguyen Nhat said the ministry and the local government reached unanimous agreement on suspending the project. The move is also in line with a recent resolution adopted by the National Assembly Standing Committee to ban the execution of BOT projects on existing roads.

Waste initiative on way

The Vietnam Business Council for Sustainable Development (VBCSD) has signed an agreement with three foreign-invested enterprises to implement the “Zero Waste to Nature” initiative. This is part of a program aimed at supporting enterprises to participate in the circular economy. The three companies involved in the initiative are Unilever, Coca-Cola and Dow Chemical. Experts have stated that a circular economy would help reduce the risks from the scarcity of resources in the future, address environmental issues, and add $4.5 trillion to global GDP by 2030.

PM meets with Indian businesses in New Delhi

Prime Minister Nguyen Xuan Phuc met with senior executives from several leading Indian businesses, including Tata, Larsen & Toubro (L&T), ONGC, and vDoIT, shortly after arriving in New Delhi on January 24. In his meeting with the Managing Director of Tata Power, Anil Sardana, Prime Minister Phuc said the Vietnamese Government would create favorable conditions for the two countries’ enterprises to bring investment and business activities on par with the sound political and diplomatic ties. He asked Tata to increase its investment in Vietnam on the basis of Vietnam’s legal regulations on environmental protection. Mr. Sardana affirmed his group’s commitment to expanding production and business projects in Vietnam in a long-term and sustainable manner.

Quang Ninh releases local competitiveness index

The Quang Ninh Provincial People’s Committee released the Department and District Competitiveness Index (DDCI) 2017 at a conference in Ha Long city on January 24. The committee also revealed initial research outcomes of a program on the pilot implementation of the social network analysis (SNA). The DCCI scores and rankings were conducted based on the survey of 1,500 businesses, including companies, cooperatives, and business households, focusing on such criteria as transparency and dynamism of the governance system, equal competitiveness, legal institutions, and leaders’ responsibilities. The five top localities in the northern province were Cam Pha city, Quang Yen town, and Mong Cai, Uong Bi, and Ha Long cities.

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