At a press conference on April 5, the MoF reported that total state budget revenue reached VND 381 trillion (over USD 16.4 billion) during the last three months, equivalent to 27 percent of the targeted figure for this year – higher than the 23 percent of annual targeted revenue achieved during the same period last year. That sum included VND 315.4 trillion gained from domestic sources, up 13.8 percent year-on-year, the ministry said, adding that 49 of the 63 provinces and centrally-run cities had revenues from domestic sources equivalent to over 24 percent of their estimates for this year. Fifty-four localities reported year-on-year increases in their Q1 revenues. Photo: baohoabinh.com.vn. Meanwhile, the state budget spending during the period surpassed VND 315 trillion, equivalent to 19.3 percent of this year’s spending estimate. The MoF said spending tasks have been performed in line with the set plans, ensuring social security. As the spending demand … [Read more...] about State budget surplus recorded in Q1: Finance Ministry
Adding value to a house
First phase of metro city project in HCMC to be completed by Q3 2021. Zeitgeist, the largest metro city in Saigon South and developed by Vietnam GS Industry (VGSI) - a subsidiary of the prestigious GS E&C in South Korea - will add more green space in Nha Be district as per the company’s commitment to incorporating nature as the new standard of living. With a total area of 349 ha, divided into five development stages, and with an expected population of up to 68,000 citizens, Zeitgeist is one of the largest projects in the South Saigon area. Phase 1.1 of the project, called “Zeit River County 1”, will cover 17.9 ha and comprise 359 villas, townhouses, and shophouses. Built to be a modern urban area, 70 per cent of Zeitgeist is green with ample public space and relaxing facilities. The project incorporates solar panels to ensure sustainable energy sources while designing homes to have airy views, optimized for fresh air and natural light. “We believe … [Read more...] about Zeitgeist metro city to add more green space
Thai Prime Minister Prayut Chan-o-cha In his speech delivered at the CLMVT forum in Bangkok on June 24, the PM said despite the CLMVT region becoming a main player in the global value chain, the region faces threats from rapid technological development and geopolitics. These new technologies will render the existing production network, he said. According to Prayut, contract manufacturing and production will slowly decline as new production networks in different regions, which embrace the modern value chain, take their place. In terms of geopolitical threats, countries in the region must have effective risk management in place to cope with the changes in the global market, he added. The sectors most vulnerable to disruption are agribusinesses, textiles, automobile, and electronics, all traditional strengths of the CLMVT region, he said, adding the service industry within the CLMVT region will also be affected by these trends. He urged the governments to work together to support … [Read more...] about Thailand calls for regional countries’ modernization to increase competitiveness
If you are a young person from the north-central Vietnamese provinces of Nghe An and Ha Tinh, the potentially lethal dangers of journeying thousands of miles and being illegally smuggled across borders by international trafficking networks seem like a small price to pay for the reward of little more than the opportunity to work. H.T.L., a young Vietnamese man from Ha Tinh who has spent the last five years illegally working in the UK, shared his own harrowing migration journey to what many Vietnamese consider ‘the promised land’ with Tuoi Tre (Youth) newspaper, in the hope of shedding light on the dangers that lie ahead for his rural Vietnamese countrymen who are looking outside their native borders for hope and opportunity. A journey to hell L.’s 2015 journey to the UK began in the same fashion as most migrants from Nghe An and Ha Tinh – with both intermediate and extended families draining their savings and pawning their assets to raise … [Read more...] about Vietnamese man shares grim journey to UK in search of better life
A Vietnamese taxi driver accused an American woman of Vietnamese descendant of sexually harassing him on May 4 but oddly the latter had reported to local police that she was raped by another cabbie just a couple of days earlier. The accuser-turned-accused Pham Thi Thanh Ngoc, 40, is also the one who had lodged complaints to local police against a Vietnamese tabloid for what she called ostensible made-up stories last year that she raped many taxi drivers, one of whom was said to be forced to have sex with her over 30 times in two days. However, all of her accusations have been disproved by Vietnamese authorities eventually. Ngoc: I’m a rape victim The American woman told Tuoi Tre (Youth) newspaper on May 1 that she returned to Vietnam to meet a 31-year-old young man named N.Đ.T. living in the southern city of Vung Tau who proclaimed himself as a “poor kept man.” Ngoc said after having a vacation in Hanoi, she and the man in question flew to Ho Chi Minh City … [Read more...] about Vietnamese American’s rape accusation: Raping? Being raped? Or lies?