Thursday, July 25, 2013

Vietnam ethanol plant to be merged with oil refinery to cut costs

The Dung Quat Bio-Ethanol plant in the central province of Quang Ngai
Vietnam’s only remaining ethanol plant will be merged with the oil refinery at Dung Quat as a cost-cutting measure at a time of low demand.
BSR, a PetroVietnam subsidiary that owns the Dung Quat oil refinery, and Petrosetco, another subsidiary that owns the Dung Quat Bio-Ethanol, are wrapping up procedures for the merger.
The ethanol plant, which has a capacity of 330 tons per day, has been on a trial run since the start of last year.
The US$80-million plant, while awaiting the country’s switch to biofuels by 2015, has been exporting most of its output. 
News website VnExpress quoted BSR chairman Nguyen Hoai Giang as saying the company plans to produce E3 fuel, a blend of 3 percent ethanol and 97 percent gasoline, for use in the local Quang Ngai Province this year, and E5 for the whole central region a year later.
The cost of producing ethanol is around VND15,000 per liter while the export price is VND13,000.
Low domestic demand and the losses on exports caused the country's two other producers – Binh Phuoc Ethanol and Dai Tan Ethanol -- to temporarily close down and others to stop construction.
Biofuels remain unfamiliar to most people while their prices are nearly high as that of 92-RON, the most popular gasoline variety grade in the country.
The government plans to make the use of biofuels obligatory in seven cities by 2015.
The country, which produces 30 percent of the gasoline needed for domestic consumption, is expected to less rely on imports once it switches to domestically-made ethanol.
Vehicles using ethanol emit less pollutants than normal.
Source: thanhniennews.com

Let the online buyer beware


Vietnamese law struggles to keep pace with the boom in online shopping
A man browses for cell phones online. The rapid development of Vietnam’s e-commerce industry has led an increase in fraud, while a new government decree lacks punitive measures. Photo: Diep Duc Minh

Tran Minh Tan was delighted to find a used Sony Vaio laptop for just VND5 million (US$236) online.
The computer technician from Ho Chi Minh City’s Go Vap District transferred money to the seller’s account and was promised he would receive the computer within two days.
“It wasn’t until the fourth day that I realized I’d been cheated,” he said, adding that he found the laptop on a popular IT site.
Similar instances of fraud are becoming more commonplace in Vietnam, where the increase of Internet users has resulted in booming online consumerism, the management of which has been lax.
Vuong Ngoc Tuan of the Vietnam Standards and Consumers Association (Vinastas) said his agency has received an increase in complaints from online consumers over the past year.
Among them, Vo Thi Anh Hong said she ordered 15 pairs of contact lenses from the VickyDinh Company in Hanoi and transferred money into the account of Nguyen Thi Hoa, per instructions provided by the company’s site.
When Vinastas later made inquires to VickyDinh, the company responded by saying it had no record of any transactions involving Hong and that it has no knowledge of Hoa.
In another case, Nguyen Xuan Hiep of Bac Ninh Province bought a Lancaster watch from the BrandsFavor online store that arrived with scratches.
After repeated complaints, the online shop agreed to refund half of the money Hiep paid without providing further explanation.
Tuan said common e-commerce problems include the unclear origin of products, fake products, and those which arrive without receipts or which differ from how they were advertised.
“This enables sellers to easily evade responsibility after delivering products,” he said.
Tuan said the increased number complaints simply reflect the increase in online shopping.
According to the Vietnam Internet Network Information Center, the country had more than 31.3 million Internet users by the end of 2012, a significant segment of the country’s population of around 90 million.
A report by the Vietnam E-commerce and Information Technology Agency under the Ministry of Industry and Trade shows e-commerce revenues last year totaled VND7 trillion ($354 million), excluding those of unregistered online stores.
The agency estimated that Vietnam’s e-commerce revenues is on pace to reach $1.3 billion by 2015.
A report by the Ministry of Information and Communications found the proportion of local residents who buy goods online had risen by nearly 14 percentage points, up to 79.2 percent in 2012.
The proportion of residents to make payments online or use online banking were 57.3 percent last year, a threefold increase from 2011 and 11 times higher than 2010.
Risks well-publicized
Although Vietnam does not keep official statistics on the number of consumers victimized by e-commerce fraud, many cases have been reported widely by the local media of late.
Last month, police in Lao Cai arrested Nguyen Thuy Hien of the Muaban24 Online Trade and Training Company (MB24). She was just the latest MB24 employee to be arrested since last August. The firm is being investigated for fraud alleged to have cheated customers out of a total of more than VND700 billion ($32.92 million).
Police said while working for MB24 from July 2011 to September 2012, Hien worked her way up to become deputy director of the firm’s Lao Cai branch. During this time, she allegedly swindled more than VND2 billion from local consumers, transferring VND1.6 billion to the company and pocketing the rest.
Since being founded in August 2011, MB24 has been accused of persuading thousands of people, including farmers, students and teachers, into buying shops on the company’s online store. By the time the Lao Cai branch closed, it had sold 8,274 shops for approximately VND43 billion ($2 million), police said.
According to police findings, MB24 defrauded people by offering them online shops for VND5.2 million ($245.43), promising the opportunity to buy and sell goods at cheap prices.
But while people paid real money to the company, they received credit vouchers in return. Although they were told initially that the virtual money could be exchanged into cash, when shop owners attempted to cash in their credit, they were told to sell their credits to other shop owners.
In another case, customers who purchased coupons from the Nhom Mua Company were left high and dry after it shut down without warning late last year.
Many suppliers have refused its coupons, saying Nhom Mua still owes them money. The company resumed operations soon afterward.
Incomplete decree
In response to the burgeoning e-commerce crisis, the government issued a decree that took effect on July 1, but which has been criticized for its lack of comprehensiveness and punitive measures.
At a recent conference on implementing the decree, Nguyen Huu Linh, director of the Vietnam E-commerce and Information Technology Agency, admitted that it does not cover all e-commerce activities, only the most common issues.
The decree bans multilevel marketing, the sale of fake and illegal products, swindling; and the hacking and sale of consumers’ confidential information.
Websites selling coupons must give customers refunds if their coupons are rejected by relevant retailers.
According to the decree, the Ministry of Industry and Trade is responsible for publishing a list of online trading websites that violate the decree, as well as those that receive complaints.
Nguyen Van Tuan, e-commerce director of the Vietnam Communications Corporation, said the decree only covers half the problems the industry currently faces.
“There are no penalties and insufficient regulations regarding payment systems,” VOV news website quoted him as saying.
“For example, it is still difficult to calculate the actual value of many online deals,” he said, adding that his company has six years experience in the field and found several problems.
He also said it is wrong for the decree to stipulate that online firms merely accused of wrongdoing be publicized.
Deputy minister of Industry and Trade Tran Tuan Anh said the government will amend the decree after it is implemented, explaining that Vietnam’s e-commerce industry still lags behind those of the region and the world.
“The ministry is drafting penalties against e-commerce fraud that are expected to be approved by the year’s end.”
source: thanhnienews.com

US House votes to continue NSA's phone surveillance

The US House of Representatives has narrowly voted to continue collecting data on US phone calls, in the first legislative move on the programme.
In a 205-217 vote, lawmakers rejected an effort to restrict the National Security Agency's (NSA) ability to collect electronic information.
The NSA's chief had lobbied strongly against the proposed measure.
The vote saw an unusual coalition of conservatives and liberal Democrats join forces against the programme.
Republican Justin Amash attached the amendment to a defence spending bill
The details of the NSA dragnet were made public by Edward Snowden, a former contractor for America's electronic spying agency. He is now a fugitive, seeking asylum in Moscow.
'Fear' The rejected amendment would have blocked funding for the NSA programme which gathers details of every call made by or to a US phone, unless the records were part of a specific investigation.

It was introduced by Michigan Republican Justin Amash, who warned during Wednesday's debate that the proposal's critics would "use the same tactic every government throughout history has used to justify its violation of rights: fear.
"They'll tell you that the government must violate the rights of the American people to protect us against those who hate our freedom."
Despite the White House's lobbying against the amendment, a majority of House Democrats - 111 - voted for it. Eighty-three Democrats voted against.
Among Republicans, 94 voted for the Amash amendment and 134 against.
'We've gone overboard' Before Wednesday's vote there were fierce exchanges on the House floor during what was the first sustained legislative debate on the NSA's reach since Mr Snowden's revelations.

The National Security Agency (NSA) began collecting Americans' phone records in 2001, as part of far-reaching surveillance programmes launched by then-President George W Bush in the aftermath of the 9/11 attacks.
But the scope of the practice, continued under President Barack Obama, only became apparent in June when ex-CIA contractor Edward Snowden leaked classified US surveillance files.
It emerged that a US secret court had ordered phone company Verizon to hand over to the NSA the phone records of tens of millions of American customers.
This information, known as metadata, includes the numbers of the originating and receiving phone, the call's duration, time, date and location (for mobiles, determined by which mobile signal towers relayed the call or text).
The contents of the conversation itself, however, are not covered, US intelligence officials say. The surveillance applies to calls placed within the US, and calls between the US and abroad.
"We've really gone overboard on the security side," said Democratic Representative Peter Welch of the surveillance, which is part of a classified $30bn (£19.5bn) intelligence budget.
But others said the practice was essential in America's efforts against terrorism.
"Have 12 years gone by and our memories faded so badly that we forgot what happened on September 11?" said Mike Rogers, the Republican chairman of the House intelligence committee.
Minnesota Representative Michele Bachmann, not usually noted for her support of President Obama, also backed the administration's stance.
"Let us not deal in false narratives," she said. "Let's deal in facts that will keep Americans safe."
But Republican Jim Sensenbrenner, one of the original authors of the Bush-era Patriot Act, said "the time has come" to stop harvesting phone records.
On the eve of the vote, in a rare statement against a legislative amendment, the White House called the Amash proposal a "blunt approach" that would hamper US anti-terrorism efforts.
NSA director Gen Keith Alexander held separate, closed-door sessions with Republicans and Democrats on Tuesday to lobby them against the bill.
Another NSA surveillance programme, Prism, allows the agency to sweep up global internet usage data through nine major US-based providers.
The programmes' supporters say such surveillance has helped thwart at least 50 terror plots in 20 countries, including up to a dozen directed at the US.
Divided opinion in the US about the snooping was highlighted by a CBS News poll on Wednesday.
The survey found that 67% of Americans opposed the government's collection of phone records, but 52% said it was necessary to counter terrorism.
source:  BBC

China charges disgraced politician Bo Xilai

Mr Bo was removed from his post in March 2012
China has charged disgraced politician Bo Xilai with bribery, corruption and abuse of power, state media say.
Bo Xilai, formerly the Communist Party chief of Chongqing, was expelled from the party after a scandal surrounding the murder of a British businessman.
His wife Gu Kailai was jailed in August for the killing of the Briton, Neil Heywood.
Mr Bo was charged by prosecutors on Thursday in Jinan in Shandong province, state media said.
The scandal was one of the biggest to rock China in years.

Source: bbc