At the meeting, General Phan Van Giang affirmed that Vietnam and Russia are enjoying a long-standing traditional friendship and comprehensive strategic partnership. He said that Vietnam always treasures and bears in mind the great and effective support of the Soviet Union in the past and Russia at present for its national liberation and construction cause. Within the framework of the beautiful political relationship, the defense cooperation ties between Vietnam and the Russian Federation have been effectively implemented in the spirit of “trust, practicality, efficiency and comprehensiveness.” The two sides have signed 18 treaties and international agreements at the Government and Ministry of Defense levels, effectively maintained eight cooperation mechanisms, and carried out 23 cooperation contents in various fields. The defense cooperation contents between Vietnam and Russia have been one of the two governments’ priorities. The Vietnamese defense minister emphasized that … [Read more...] about Defense minister receives VILAR Institute’s scientists and leaders
Eviction defense project
Ring Road 3 in HCMC to start works on June 30 of 2023
Map of the investment and construction project of Ring Road No.3 in Ho Chi Minh City The Government has just issued Resolution No.105/NQ-CP to implement Resolution No.67/2022/QH15 dated on June 16 of 2022 of the National Assembly on approving the policy for the construction investment project of Ring Road No.3 in Ho Chi Minh City. The Ring Road No.3 project is divided into eight component projects under public investment form, traveling through three provinces of Dong Nai, Binh Duong, Long An and Ho Chi Minh City, comprising four component projects of compensation and resettlement support. Heads of the People’s Committees of Ho Chi Minh City, the provinces of Dong Nai, Binh Duong and Long An will be authorized to impose decisions on component projects investment. The Resolution also showed the detailed progress and implementation plan. Accordingly, the establishment, appraisement and approval of a report on environmental impact assessment for component projects have been … [Read more...] about Ring Road 3 in HCMC to start works on June 30 of 2023
All resources should be promoted for national construction and protection: President
President Phuc, who is head of the steering committee on building a project to summarize the 10-year implementation of the resolution of the 8th plenary session of the 11th Party Central Committee on the Fatherland protection strategy in the new situation, highlighted major achievements in the cause of national protection. The fundamental and inclusive achievement was the maintenance of independence, sovereignty, unity, territorial integrity and socialist orientation, and the steadiness of the leadership of the Party and the management role of the State, he said. Agreeing with participants on the basic viewpoints in theory and practice on Fatherland safeguarding in the new situation, the President emphasized the need to always maintain the direct and absolute leadership of the Party in all aspects of national protection, and persist with the goal of national independence associated with socialism. It is necessary to raise awareness and responsibility of the entire Party, people, … [Read more...] about All resources should be promoted for national construction and protection: President
Viettel to produce chips amidst global shortage
Leaders of the military-owned Viettel Group made the proposal at a Tuesday meeting with Prime Minister Pham Minh Chinh. The proposal was made in the context of the recent global chip shortage, which has seriously affected many manufacturing sectors and business areas, prompting several countries to promote chip production as a national security measure. In this context, the group also asked to be assigned the tasks of ensuring national defense and security, promoting its strengths and demonstrating the pioneering role of state-owned companies in the fields of high-tech defense, construction and cyber security and safety. Viettel said it wanted to deploy a national digital conversion platform, and work as an intermediary for financial switching services and electronic clearing services to facilitate transfer of funds from one bank account to another. The group also wanted permission to research green energy technology and modernize important infrastructure in the field of … [Read more...] about Viettel to produce chips amidst global shortage
Hanoi boosts socio-economic growth, but remains vigilant against Covid-19
The city is keen to avoid any Covid-19 impacts that could derail its plan for socio-economic recovery for this year. The Hanoi People's Committee has urged local agencies to remain vigilant against the Covid-19 pandemic and accelerate the disbursement of public funds, seen as a key task for socio-economic recovery for the rest of the year. Electronics production at Rhythm Precision Vietnam, Soc Son District, Hanoi. Photo: Pham Hung Among the key tasks, the city would focus on the Covid-19 vaccine roll-out by providing boosters for eligible people, including the completion of vaccination for children aged 5-12 before September 2022, noted the municipal People’s Committee in a directive. The city’s authorities reiterated public investment is a key task for economic development and considered pubic fund disbursement a key criterion to evaluate the performance of each agency, department, and unit by year-end, especially leaders and senior officials. “Efforts … [Read more...] about Hanoi boosts socio-economic growth, but remains vigilant against Covid-19
Hanoi helps businesses get loans
The city's authorities will continue focusing on boosting economic recovery while addressing the concerns of the business community. An agreement signing ceremony to support access to concessional loans between the Hanoi Investment Fund for Development, the city's commercial banks and the business community took place at a conference connecting stakeholders in Hanoi on 15 August. An overview of the signing ceremony. Photo: kinhtedothi.vn The municipal Department of Industry and Trade and the Investment Fund for Development also signed an agreement on cooperation and information exchange on the same day to promote the recovery of the city’s businesses in the post-pandemic period. Speaking at the conference, Acting Director of the Hanoi Department of Industry and Trade Tran Thi Phuong Lan said: “The conference is expected to facilitate the connection between local banks and businesses to support those who need concessional loans.” She called on the … [Read more...] about Hanoi helps businesses get loans
Hanoi bolsters cooperation with Singapore in urban development
Mayor of Hanoi Tran Sy Thanh has called for Singapore to further support the capital city in drafting urban planning for the next decade. Hanoi is seeking experience from Singapore in urban governance, and smart cities, and welcomes the participation of Singaporean companies in urban development projects. Hanoi's mayor Tran Sy Thanh (r) and Singapore Ambassador to Vietnam Jaya Ratnam. Photo: The Hanoi Times Chairman of the Hanoi People’s Committee Tran Sy Thanh expressed his view during a meeting with Singapore’s Ambassador to Vietnam Jaya Ratnam on August 16. According to Thanh, Vietnam-Singapore relations in general, and Singapore-Hanoi relations in particular, have made strong progress over the years, but there is still huge untapped potential. Thanh pointed out Singapore continues to be one of the most active partners in assisting Vietnam in global integration. “To date, both sides have formed a comprehensive partnership in terms of investment, … [Read more...] about Hanoi bolsters cooperation with Singapore in urban development
Experts forecast real estate market for next year
According to economic expert Can Van Luc, there are many factors that positively affect the real estate market including the relatively good economic recovery, the acceleration of the program of socio-economic recovery and development 2022-2023, and public investment. In addition, legal issues have been and are being resolved while interest rates and basic exchange rates were stable despite strong upward pressure. In particular, the credit market is having bright spots. From now until the end of the year, there will still be a new credit wave for good property projects and by 2023 there will be a new credit room. However, challenges still remain because the economic recovery is not sustainable and the supply is not immediately abundant whereas the prices of energy and raw materials also increased. The Government and responsible agencies have been tightening management of the corporate bond market. Regarding specific developments in the market, a representative of CBRE Group … [Read more...] about Experts forecast real estate market for next year
Singapore’s 57th National Day marked in HCMC
Vice Chairman of the municipal People’s Committee Vo Van Hoan delivers the remark at the celebration ceremony of Singapore’s 57th National Day on August 15. (Photo: SGGP) Hoan delivered the remark at a ceremony to celebrate Singapore’s 57th National Day hosted by the Singaporean Consulate General in HCMC. Congratulating Singapore on its National Day, Hoan said he was impressed by its robust development over nearly six decades. Singapore is now one of the world’s most developed countries and a role model with a pioneering approach – “dare to dream, look ahead and seek new solutions and opportunities.” Built on the foundation of the flourishing relations between the two countries, HCMC-Singapore ties have produced good results, he said, noting that because of geographical proximity and cultural similarities, HCMC and Singapore boast great potential to supplement each other in various fields. According to the official, Singapore has been HCMC’s largest investor and second … [Read more...] about Singapore’s 57th National Day marked in HCMC
Japan’s biggest power generator acquires 35 per cent of TTC Group’s subsidiary
Jero supplies electricity, gas, and heat, as well as conducts the development, mining, processing, trading, and transportation of energy resources. Dang Van Thanh, chairman of TTC Group, has confirmed that Jera had bought a 35.09 per cent stake in Gia Lai Electricity JSC, a listed entity under TTC Group. Jera paid an unknown sum to International Finance Corporation (under the World Bank Group) and Armstrong Asset Management of Singapore for the majority ownership in Gia Lai Electricity, making it the biggest foreign shareholder in the firm, cited Bloomberg . Accordingly, TTC Group and its subsidiary Gia Lai Electricity plan to invest $1 billion to further boost its renewables capacity to more than 2,000 MWG. Meanwhile, Jera is expected to provide international expertise and technology to aid in this endeavour. Moreover, it is projected that by the year 2025, wind power will account for almost two-thirds of that mix, up from the current 25 per cent. TTC Group said it and Gia … [Read more...] about Japan’s biggest power generator acquires 35 per cent of TTC Group’s subsidiary