12:00 AM @ 01/01/1900
HCM CITY — Electricity and coal producers are
preparing to deal with a sharp increase in production costs as a result
of the latest fuel price hike.SEE MORE(VEN) - Despite a forecasted economic slowdown, Vietnam's industrial production grew sharply in February. SEE MORE (VOV) - The soaring prices
of essential goods are challenging Vietnam despite its effective
implementation of measures to curb inflation and stabilize the
macroeconomy. SEE MORE By weight, PET consists of 70% terephthalic acid and 30% monoethylene
glycol. Bio-PET is made by replacing monoethylene glycol (MEG) with a
raw material derived from sugar cane. Toyota plans to replace 20% (by
weight) of all oil-based plastics for cars with bio-plastics by 2015,
amounting to approximately 360,000 tons of bio-plastics. The Bio-PET
may be used in seats and carpeting and other interior components that
require a high level of performance unattainable by previously available
bioplastics. The opening of Braskem plant in Brazil is speeding
Toyota’s use of bioplastics. The Japanese major has committed to buy 40%
of the output of Braskem’s new 200,000 tpa ethylene from sugar. SEE MORE Vietnam cut its interest rates to
support a slowing economy even as the nation faces Asia’s
fastest inflation.
The State Bank of Vietnam reduced the refinancing rate for
the first time since 2009 to 14 percent from 15 percent,
effective tomorrow, it said in a statement on its website today.
It also cut the discount rate to 12 percent from 13 percent and
the dong deposit cap for terms of one-month and above to 13
percent from 14 percent. SEE MORE
