The owner of a construction company said: "The rising costs have caused severe impacts on my company. We have put two projects on hold and are waiting for prices to go down." Huynh’s company in the neighboring province of Binh Duong is likely to report losses on the construction of a road project it began earlier this year. It cannot back away from the project as the work is 75 percent completed. "We use a lot of diesel each day, and so the rising fuel costs have eaten away all of our profits," Huynh said. The rising costs of raw materials amid surging global inflation is posing problems for construction companies who struggle to renegotiate their contracts as losses loom. Cement prices in Vietnam have gone up three times this year by around 28 percent to VND1.2 million ($51.62) a ton. In the latest increase, 15 major cement producers all hiked prices by up to VND80,000 per ton. Steel prices have been falling due to declining demand in China, but others such as sand, … [Read more...] about Construction contractors hit hard by surging costs
Assassinations using radioactive materials
BAEMIN extends sustainable green journey in Vietnam
BAEMIN in the Republic of Korea is the first-ever delivery app to receive an AAA rating (the highest rating) following the United Nations Guidelines for Reducing Plastic Waste & Sustainable Ocean and Climate Action Acceleration (UN GRP). BAEMIN has been successful in implementing a number of green projects to influence the stakeholders and help them change their behaviours since the very early days One of the highlight examples includes the in-app options “No disposable cutlery, please” and “No side dish, please” for users that aim to reduce food and plastic waste whilst saving costs for the merchants. BAEMIN has also installed collection robots in Asan city to collect plastic container lids and used AI technology to determine if they can be recycled and transformed to some higher value materials. Another highlight project is the close partnership with merchants to amplify outstanding case studies and the organisation of courses on eco-friendly practices. Public-private … [Read more...] about BAEMIN extends sustainable green journey in Vietnam
UNDP, Netherlands boost circular economy capacity building for Vietnam businesses
The program inspires and provides practical instructions and tools for developing business roadmap for circular transition. More than 100 businesses from the Northern, Central, and Southern regions of Vietnam have benefited circular economic capacity building program provided by the United Nations Development Programme (UNDP) in Vietnam and the Netherlands Embassy in Hanoi. Participants share business capacity building models. Photos: UNDP Vietnam The businesses representing various industries, including agriculture, plastics, environment and waste management, building materials, cuisines, and fashion join the program which is aimed to inspire and provide practical instructions and tools for building, applying the recommended circular business models and developing enterprises’ roadmap for the circular transition. The “Circular Economy Capacity Building Program for Enterprises in Vietnam” (#CECapacityBuilding) also provides information on circular economy … [Read more...] about UNDP, Netherlands boost circular economy capacity building for Vietnam businesses
Famous painter’s works on display for first time
A painting by Bui Xuan Phai is on display in Ho Chi Minh City. (Photo: VNA) Hanoi (VNA) – Sixty works by late famous painter Bui Xuan Phai, many of which were created toward the end of his life, are on display in Ho Chi Minh City. The oil and gouache works are showcased at the exhibition “ Remember Painter Bui Xuan Phai ,” according to Tran Hau Tuan, a collector and the organiser of the event which is scheduled to run to July 4. Around 90% of the works are shown for the first time ever, Tuan said, adding he intended to open the exhibition in 2020 to coincide with Phai’s 100th birth anniversary but it was postponed due to the COVID-19 pandemic. Tuan has been collecting the works of many famous artists since the 1980s and has great passion for Phai’s. The paintings on display are of familiar themes, including Hanoi's old quarter, "cheo" folk singing and northern rural landscapes. Born in Kim Hoang Village, Van Canh Commune, the outskirt Hanoi district of Hoai Duc … [Read more...] about Famous painter’s works on display for first time