Malaysian Minister of Energy, Technology, Science, Environment and Climate Change Yeo Been (R) Yin at Port Klang on May 28, 2019. (Photo: Bernama) Kuala Lumpur (VNA) – Malaysia will send 3,000 tonnes of plastic waste back to the countries it originated from, said Minister of Energy, Science, Technology, Environment, and Climate Change Yeo Bee Yin. Fielding questions from reporters after inspecting the shipments at Port Klang on the outskirts of Kuala Lumpur on May 28, Yeo noted that the country will send back 60 containers of trash that had been imported illegally. Ten of them are expected to be shipped within the next two weeks, with costs covered by the importers involved. Malaysian officials have identified at least 14 original countries of the unwanted waste, including the US, Japan, France, Canada, Australia, and the UK. Malaysia had already returned five containers of contaminated plastic waste back to Spain. A British-based recycling company had exported 50,000 … [Read more...] about Malaysia to return 3,000 tonnes of plastic waste to original nations
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US-China trade war spoils go to FDI firms
A recent report by financial data provider Fiin Group shows that foreign-invested firms account for almost all the increase in exports to the U.S. as its trade spat with China intensifies. In the garments sector, for example, Vietnamese companies only accounted for 16 percent of the export value from June 2018-2019, with FDI firms making up the remaining 84 percent. South Korean garment manufacturers in Vietnam have been the biggest winners from the trade war, with 143 South Korean companies accounting for almost half of Vietnam’s garment export value in the period, the report said. It said South Korean corporations were better placed to reap the gains because they have been in Vietnam since early 2000s and have well established supply chains in the country. "The majority of Vietnamese companies are still small-sized and do not meet foreign buyers’ requirements on quality, quantity and cost." A similar situation could be seen in the export of phones and parts. South … [Read more...] about US-China trade war spoils go to FDI firms
Land ownership for foreigners in Vietnam
Property Land ownership for foreigners in Vietnam By Dang Hung Vo Sunday, Dec 15, 2019,09:00 (GMT+7) Land ownership for foreigners in VietnamBy Dang Hung Vo Foreigners in Vietnam can buy houses, including apartments and houses attached with land. Their homeownership right is valid for 50 years, and can be extended for another 50 years if needed – PHOTO: THANH HOA The policy on allowing foreigners to own houses associated with land in Vietnam has been studied and considered very carefully. In 2003, the author of this article, in the capacity as a leader of the Ministry of Natural Resources and Environment, attended a meeting at the top decision-making level to consider the issue of this policy attached to the 2005 Housing Law. The conclusion of the meeting was that at that time, it was impossible to allow foreign individuals and organizations to own houses associated with land under any form in Vietnam. In view of … [Read more...] about Land ownership for foreigners in Vietnam
Siemens at the forefront of an AI-driven Vietnam
The new SIMATIC S7-1500 TM NPU module with integrated AI It is said that AI offers tremendous potential for industry. What specific insights does Siemens have on this? Pham Thai Lai AI has widely emerged in our daily life in various ways. For example, today we are using face or speech recognition as a given. In the last two or three decades, major technology advances have made more powerful hardware and software and improved computing power and data transmission. This promotes and offers new areas and dimension of using AI to create entirely new industrial opportunities for flexible and efficient production, even when it comes to complex and increasingly customised products in small batch runs. The consequences will be significant. According to a PricewaterhouseCoopers study, AI could contribute up to $15.7 trillion to the global economy in 2030, and a total of 62 per cent of large companies have already utilised AI technology by 2018. Furthermore, the industry is becoming … [Read more...] about Siemens at the forefront of an AI-driven Vietnam
Ho Chi Minh City university president faces allegation of waste building Christmas tree
The president of a university in Ho Chi Minh City has been accused of wastefulness building an artificial pine tree on the campus, whereas a university officer claims that both his school and alumni provide the fund for it. The school has allowed and supported the students in decorating the ‘smart pine tree’ for Christmas and New Year for the last four years, in line with its principles of education, according to Dr. Do Van Dung, president of the university. Those principles are making students feel proud of their school, helping international students remember their New Year and the school integrate into the world, and creating opportunities for students of different majors to innovate. “The pine tree of this year was designed by the students themselves who are from many majors like mechatronics, automation, engineering cybernetics, wood industry, architecture, and graphic design,” Dr. Dung said. “That’s multi-sectoral cooperation in a digital … [Read more...] about Ho Chi Minh City university president faces allegation of waste building Christmas tree