Vietnam will not issue licenses to projects that 'waste energy'

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Vietnam says it will not issue licenses to foreign-invested projects that "waste energy", use outdated technology or pollute the environment, according to a statement posted on the government website Tuesday.

The government will give licensing preference to high- technology projects and ones that are "friendly to the environment," the statement said.

Prime Minister Nguyen Tan Dung has ordered ministries and provinces to step-up monitoring of projects to ensure they meet the guidelines, according to the statement.

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