Government infrastructure projects

The Lien Chieu deep-water port project, on a planned area of about 450 hectares, will be the largest container port in the central region upon completion and be capable of berthing container vessels of up to 8,000 TEUs. The project consists of 2 components, with an implementation period from 2021 to 2025. Da Nang is now calling for investment in the project and offering incentives. “Port infrastructure investment is among the categories subject to incentives. Projects with investment of over 30 trillion VND will enjoy special investment incentives. We are developing a bidding plan and attempting to get construction underway this year,” said Le Thanh Hung, Director of the Management Board for Da Nang’s Priority Infrastructure Investment Projects. Considered a highlight of Da Nang’s investment attraction efforts, its Hi-Tech Park has been attracting a host of projects, in particular foreign investment focusing on information technology and high-tech industry. Luong Van Quang, … [Read more...] about Da Nang offering preferential policies to attract investors

The ceremony to sign the deal was held at the Intercontinental Landmark Hotel in Hanoi, and attended by executives from both companies, including Samsung Engineering Executive vice president GyuYeon Kang and DNP Water chairman Ngo Duc Vu. With this acquisition, Samsung Engineering holds a 24 percent stake in DNP Water, DNP Holding owns 53 percent and other stakeholders have 23 percent. DNP Water is a private enterprise that focuses on water supply business in Vietnam and is the largest private water treatment company in terms of capacity. It was spun off from the DNP Group, a manufacturer of plastic pipes, in 2017. Since then it has been growing in the water treatment business by buying private water supply assets and developing new businesses. (From L) Nguyen Van Hieu, DNP Holding CEO, Kang Gyu-yeon, Samsung Engineering EVP and Ngo Duc Vu, DNP Water Chairman at the signing ceremony. Photo by Samsung Engineering The Asian water treatment market is shifting from … [Read more...] about Samsung Engineering acquires stake in water treatment company

Land split into lots for sale. The real estate market was slowing down on the tightening of credit flow into certain segments.-VNA/VNS Photo In recent years, land prices increased rapidly despite the impact of the COVID-19 pandemic. According to a report by the Department of Housing and Real Estate Market Management under the Ministry of Construction, land prices, especially in localities planning or developing infrastructure saw whopping increases. The moves to control credit flow into the real estate sector and land lot split were cooling the market, with falling liquidity but prices staying at high levels. A report by real estate portal batdongsan.com.vn showed that searches for property on sale via the portal in the first five months of this year dropped by 11 per cent against the same period last year. Nguyen Quoc Anh, deputy director general of batdongsan.com.vn, said the market was slowing down significantly with interest in buying a property decreasing by 9 per … [Read more...] about Real estate market slowing down, experts divided on bubble risk

The People’s Committee of HCMC and Vietnam National University–HCMC (VNU-HCMC) sign a cooperation program in various areas in the 2022-2025 period. (Photo: SGGP) The program aims to serve the goals of socio-economic development and integration of the city and the southern key economic region in the 2022-2025 period, and implement VNU-HCMC’s main missions in researching, training and serving the community. The cooperation program includes human resource training and development in the fields of IT, AI, urban management, mechanical and automation engineering, business management, finance and banking, health and tourism; scientific research and socio-economic development allowing VNU-HCMC to participate in the city’s key science and technology missions, seek measures for the development of culture and sports, study automation technology application of infrastructure management and operation, assess the social impacts caused by flooding and seek solutions to improve environment; … [Read more...] about HCMC, VNU-HCMC sign cooperation program for socio-economic development

The Golden Bridge offers a check-in for tourists visiting the Sun World Ba Na Hills in Da Nang. The city has been designed as a liveable urban city. (Photo courtesy of Sun Group) Da Nang (VNS/VNA) - With stable growth in the economy, infrastructure, urban management, tourism and investment attraction, the central city of Da Nang is challenging to develop into a ‘liveable’ city of regional and global status. Economist Vo Tri Thanh said at a seminar on how to develop Da Nang as a destination and a liveable city in Vietnam and region, emphasising that the central city had not yet approached the ‘liveable’ standard and it needed much progress to reach the target. Thanh said Da Nang had been known as a favourite destination in Vietnam but was not yet a ‘worth living’ location in terms of enjoyment, relaxation, and entertainment. “A ‘liveable’ city requires maximising consumption, commodities, working places while promoting a ‘green’ environment, humanity, safe, smart and … [Read more...] about Da Nang strives to develop itself into ‘liveable’ city

Addressing the forum, Hue stated education is a leading national policy in Vietnam, identified as one of the three breakthroughs to implement the nation’s socio-economic development strategy. Every year, Vietnam spends 20% of its national budget on education and training. He said to create a strong transition in human resource development, Vietnam has determined that it is necessary to actively carry out international integration and promote foreign investment attraction in education for quality improvement. With the country’s law made to facilitate businesses in the sector, Vietnam has to date attracted more than 500 foreign-funded educational projects worth 4 billion USD. Despite challenges and difficulties, room remains extensive for investing in Vietnam’s education, Hue affirmed. He wished the bilateral educational cooperation will be concretized through impressive numbers, and recommended the two sides pay attention to step up exchanges of students and lecturers as well as … [Read more...] about Legislature backs Vietnam-U.K. education cooperation: top legislator

Engineers at VNSC are building a small satellite. (Photo: VNSC) Hanoi (VNA) – Potential plans and roadmaps were proposed to build national capacity in Earth observation using small satellite systems during a seminar held by the Vietnam National Space Centre (VNSC) at the Vietnam Academy of Science and Technology (VAST) in Hanoi on June 30. In his remarks, VNSC General Director Assoc. Prof., Dr. Pham Anh Tuan said the Government in February 2021 announced a strategy for the development and application of aerospace science and technology by 2030, aiming to utilise achievements in the fields to address defence and security issues, strengthen management of environment and natural resources, monitor natural disasters and minimise their impacts, and provide related services for people. This seminar forms part of the efforts to translate the strategy into reality, according to Tuan. The seminar is held by the Vietnam National Space Centre (VNSC) at the Vietnam … [Read more...] about Vietnam to use small satellites to build capacity in Earth observation

Speakers in the workshop in Quy Nhon city (Photo courtesy of the organiser) Binh Dinh (VNA) – A workshop recently took place in Quy Nhon city, central Binh Dinh province, to discuss the improvement of awareness in plastic waste collection and recycling to promote the circular economy in Vietnam. The event was held by PepsiCo Vietnam , the Centre of Education and Development (CED), and the Vietnam Chamber of Industry and Commerce (VCCI) - Da Nang branch. It was part of the “Increase awareness in plastic waste management” project funded by PepsiCo Foundation through Give2Asia and implemented by CED in collaboration with partners in Vietnam from January 2020 to December 2022. One of this project’s objectives is to raise awareness of small and medium enterprises (SMEs) in Vietnam through plastic waste collection and treatment management in order to apply a circular economy model for sustainable business development. The workshop saw the participation of 70 delegates … [Read more...] about Workshop discusses plastic waste collection, recycling

A two-day event kicked off in Ho Chi Minh City on Thursday afternoon, featuring an exhibition and various discussions on the cooperation between Vietnam and Sweden in the field of sustainable development. Named ‘Pioneer the Possible,’ the program is organized by the Embassy of Sweden in Hanoi, Swedish Trade and Invest Council, Ho Chi Minh City People’s Committee, and Vietnam Chamber of Commerce and Industry at the New World Saigon Hotel in District 1 on Thursday and Friday. The event is aimed at enhancing the Vietnam-Sweden cooperation in sustainable development by presenting the green solutions of Swedish businesses and promoting Sweden’s effort to become a center of innovation and sustainability. Swedish Ambassador to Vietnam Ann Måwe delivers an opening speech at the ‘Pioneer the Possible’ program in Ho Chi Minh City, June 2, 2022. Photo: Duy Khang / Tuoi Tre The program features an exhibition that introduces Sweden’s climate strategy via positive changes and … [Read more...] about ‘Pioneer the Possible’: Sweden, Vietnam jointly work toward sustainable development