Vinhomes among top 10 property developers in Vietnam

A graphic image of Vinhomes Ocean Park in Hanoi (Photo: VinhomesNguyen Quang Duc (left), Deputy General Director for Business and Marketing of Vinhomes, represents the firm to receive the award (Photo: Vinhomes)– Vinhomes JSC was honoured as one of the top 10 property developers in Vietnam at the recent BCI Asia Awards ceremony for 2020 - 2021, the 7th straight time this company has secured the prize.The annual BCI Asia Awards is one of the most prestigious of its kind in the construction sector in the region. Its Top Ten Developers Award is bestowed on the developers with great influence on the construction market of each country.To win the awards, candidates must meet such strict criteria as developing high-standard and environmentally friendly buildings and showing their community responsibility in the places their projects are located in. The awards also highly value the firms that have obtained green building certificates granted by prestigious organisations.According to award organisers, Vinhomes, an affiliate of the Vingroup conglomerate, has established itself as a pioneer in building and operating large-scale and leading residential projects in the region, helping promote the development in big cities in line with development trends in Vietnam and the world.In 2021, it made new strides when pushing ahead with the all-in-one residential area model in Vinhomes Ocean Park and Vinhomes Smart City in Hanoi, and Vinhomes Grand Park in Ho Chi Minh City./.

January 28, 2022 08:38 UTC

Indonesia imposes mandatory domestic sales for palm oil

Indonesia is the world's top producer and exporter of palm oil (Photo: Indonesia has imposed a rule starting on January 27 for a mandatory portion of palm oil to be sold domestically at a maximum price of 9,300 rupiah (0.6465 USD) per kg for crude palm oil and 10,300 rupiah per kg for olein, according to Indonesia n Trade Minister Muhammad Lutfi.The requirement comes as Indonesia - the world's top producer and exporter of palm oil, tries to contain a rise in domestic cooking oil prices that have climbed about 40 percent from a year earlier, in line with high global prices.Speaking at a virtual press conference on the same day, Lutfi said a so-called Domestic Market Obligation (DMO) will be applied to all cooking oil producers, which must sell 20 percent of their planned exports to the domestic market.With this policy, Indonesia hopes cooking oil prices will be more stable and affordable for the people while remaining profitable for sellers, distributors and producers, he added.According to Lutfi, the national cooking oil demand is estimated at 5.7 million kilolitres in 2022.Previously, the Indonesian government has imposed an export permit requirement for international palm oil shipments which could be obtained after companies declared their domestic distribution plan for six months.Also on January 27, the Indonesian Trade Ministry announced that it will impose a set of maximum retail prices for cooking oil starting from February 1./.

January 28, 2022 03:13 UTC

Vietnam supports contents of global biodiversity framework: Minister

Minister of Natural Resources and Environment Tran Hong Ha (Photo: VNA)Vietnam supports contents of the global biodiversity framework and suggested the need for further research to complete its indicators, Minister of Natural Resources and Environment Tran Hong Ha said at a working session in Hanoi on January 26.At the meeting, Minister Ha and Ambassador Giorgio Aliberti , head of the European Union Delegation to Vietnam , discussed the implementation of the framework and orientations for Vietnam-EU cooperation in implementing Vietnam’s commitments following the 26th United Nations Climate Change Conference of the Parties (COP26).The minister noted that to carry out the framework, it is necessary to set up implementation measures and resources mobilisation mechanisms; boost collaboration and information exchange; and build capacity for developing or least developed countries to fulfil related requirements.Ha affirmed that Vietnam's commitments at COP26 are very important, serving the country's long-term interests in line with the orientation of the 13th National Party Congress on building a green and circular economy.Vietnam recommended the EU and its member states pay attention to cooperation with Vietnam in regard to COP26’s outcomes, the official said. Such joint work should revolve around the implementation of projects on energy and clean transport conversion, conservation, afforestation, and climate change adaptation.There is also a need to increase activities serving business capacity improvement; guiding the standards for climate change response and sustainable development of goods imported into the European market; and developing the carbon market, among others, he added.For his part, Aliberti shared the EU's views and expectations for the framework, and discussed the orientations for COP26-related cooperation between the bloc and the ministry.He also talked about a working visit to Vietnam by Executive Vice-President of the European Commission Frans Timmermans, which is scheduled for February 17-23./.

January 26, 2022 20:32 UTC

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