Nguyen Thien Nhan (third, right), Secretary of the HCM City Party Committee, at the Eindhoven High-Tech Campus (Photo: VNA) Hanoi (VNA) – Ho Chi Minh City wishes to learn from the Dutch city of Eindhoven’s experience in smart city development and cooperation models between the state and businesses, schools, and research institutes, especially in smart city building and operation, an official from HCM City said on May 21, as part of his visit to the Netherlands. Nguyen Thien Nhan, Secretary of the HCM City Party Committee, told Vice Mayor of Eindhoven, Stijn Steenbakkers, that this is the first visit to the Dutch city by a HCM City delegation. The official expressed his hope that the two localities will set up initial relations following the visit, thus creating a foundation for their future cooperation activities. Later the same day, the delegation visited the Eindhoven University of Technology to exchange experience and discuss orientations in smart city … [Read more...] about HCM City learns from Netherlands’ innovative technologies
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Austrian Embassy opens Trade Office in HCM City
HCM City (VNA) – The Trade Office of the Austrian Embassy made its debut in Ho Chi Minh on May 16, expected to help connect business communities of Vietnam and Austria in the future. Addressing the opening ceremony, Harald Mahrer, President of the Austrian Federal Economic Chamber, said that HCM City is an ideal destination for investment in Southeast Asia. Therefore, the number of Austrian firms seeking partnership opportunities in the city is rising, he said. Mahrer said that the office aims to provide accurate and full information about the Vietnamese market to Austrian companies, while linking them with their Vietnamese peers and authorised agencies. He noted that HCM City is developing impressively, becoming an attractive business destination, adding that the establishment of the office shows Austria’s interest in investing in the city and Vietnam as a whole. Nguyen The Hung, Vice Director of the Vietnam Chamber of Commerce and Industry (VCCI)’s HCM … [Read more...] about Austrian Embassy opens Trade Office in HCM City
HCM City, Austria tap cooperation potential
Vice Chairman of the Ho Chi Minh City People’s Committee Tran Vinh Tuyen (R) held talks with President of the Austrian Federal Economic Chamber Harald Mahrer on May 15 (Photo: VNA) HCM City (VNA) – Vice Chairman of the Ho Chi Minh City People’s Committee Tran Vinh Tuyen said cooperation between Austria and HCM City has yet tapped their potential while receiving a delegation of Austrian businesses on May 15. The delegation, led by Harald Mahrer, President of the Austrian Federal Economic Chamber, is on a working visit to the city. Tuyen expressed his hope that the visit and the opening of a representative office of the Austrian Federal Economic Chamber in the city will help step up cooperation between Austrian and city businesspeople. HCM City highly values the capacity of Austrian businesses operating in industry, science, and technology, as they are gaining its interest, he said, referring to the development of the support industry and the application of … [Read more...] about HCM City, Austria tap cooperation potential
Fire safety becomes a burning issue in HCM City
The local authorities have warned about the fire risks at thousands of local facilities in HCM City. The fire at Carina Plaza in District 9 killed 13 people According to Colonel Nguyen Thanh Huong, deputy head of HCM City Public Security Department, the city has 12,481 facilities that are at high risk of fire. Of which 149 facilities often work with chemicals and are located among residential areas including 52 chemical warehouses. From November 2017 to March 2019, the police in HCM City dealt with 1,392 cases. They also inspected and approved 672 facilities for meeting fire safety standards. However, 720 facilities haven't been inspected due to lack of required equipment or documents. Truong Lam Danh, head of the Legal Department of HCM City People's Council, said many of the facilities were built before the most recent law on fire fighting and anti-fire regulations was issued and took effect. Since November 2017, up to 1,945 fires have broken out in HCM City, killing 29 and … [Read more...] about Fire safety becomes a burning issue in HCM City
HCM City sees supply of houses, villas slump
A view of HCM City. Property consultants report a short supply of houses and villas in the city since the beginning of this year. – Photo Soha.vn HCM CITY — Supply of landed houses and villas in HCM City is short since developers are wary of this segment due to high costs and extended procedures, experts said. Lê Hoàng Châu, chairman of the HCM City Real Estate Association, said in the last two years supply has stood at over 5,000 units a year, but has been modest this year. He cited the huge investments required as the main reason. Besides, profits are not high, especially since the tax in this segment is very high, and there is difficulty in selling them, he said. Investing in condominiums brings higher profits, but the short supply in the ready-built landed house and villa segment means it would soon turn hot, he predicted. One more reason for the short supply in the segment is that developers are moving gradually away from the … [Read more...] about HCM City sees supply of houses, villas slump