Homebuyers report on new build

A private sector-led low-carbon economic growth model can enable Vietnam’s goal of becoming a high-income country by 2045. As Vietnam fights another wave of Covid-19, accelerating the pace of reforms, upgrading workforce skills and infrastructure will strengthen the private sector to help the country recover from the pandemic and unlock its potential, according to a new World Bank Group report. A manufacturing facility in Hanoi. Photo: Nguyen Viet The Vietnam Country Private Sector Diagnostic (CPSD) report, by IFC and the World Bank, says while the private sector has played a frontline role in Vietnam’s outstanding development in recent years, it’s now time to fully exploit the potential of the private sector to boost productivity growth so Vietnam can achieve its goal of becoming a high-income country by 2045. “The private sector has helped propel Vietnam to join the ranks of middle-income economies in just one generation, and the country was preparing for …

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Answers arrive to salvage construction, illustration photo/ freepik.com Earlier this month, a handful of domestic construction contractors including Delta Group, Vinaconex Corporation, CIENCO4, Eurowindow, and Phuc Hung Holdings proposed to the Vietnam Association of Construction Contractors (VACC) and the government to urge for a swift response from local authorities to address their problems. The VACC, likewise, also expressed its concerns over the skyrocketing prices of construction materials. “These difficulties are paralysing the construction sector, particularly in the south of Vietnam, where most localities are severely affected by the pandemic,” the association noted. According to Delta Group, the number of workers involved in projects is insufficient, affecting construction output and the progress of projects. In addition, the price increase and scarcity of input materials, such as the price of construction materials, increased by 25 per cent compared to the beginning …

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Vietnamese spokesperson Le Thi Thu Hang affirmed that the country always keeps track of current affairs in the region. The launch of the Australia-UK-US security alliance (AUKUS) has been touched on during a regular press briefing by Vietnam’s Ministry of Foreign Affairs today. The UK, US, and Australia on Sep, 15 announced AUKUS, a historic security pact in the Asia-Pacific. Photo: VNA Replying to the queries on Vietnam's stance over the AUKUS, Vietnamese spokesperson Le Thi Thu Hang affirmed that Vietnam always keeps track of current affairs in the region. “All countries strive for the same goal of peace, stability, cooperation and development in the region and the world over”, Hang said, adding nations around the world are responsible for contributing to such a goal. On Australia's plan to build a nuclear submarine fleet, Hang said: “The nuclear energy must be developed and used for peaceful purposes and serve socio-economic development, ensuring safety …

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Dien made the statement at a working session with leaders of the U.S.'s AES Corporation in New York on September 21 (local time) to discuss the group's investment and business activities in Vietnam. At the meeting, the leaders of AES Corporation informed that a joint venture agreement has been completed for the Son My LNG port warehouse project on the basis of the main terms of the joint venture contract of Son My LNG (liquefied gas) port warehouse project signed in October 2020. This is an important milestone in the development of the entire project, obtained thanks to the approval and direction of the Government, the Ministry of Industry and Trade, the Commission for the Management of State Capital at Enterprises, the Vietnam National Oil and Gas Group (PetroVietnam) and relevant agencies of Vietnam. Minister Dien said leading U.S. firms’ success in Vietnam not only holds economic significance but also promotes Vietnam as a trustworthy investment destination for U.S. investors …

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President Nguyen Xuan Phuc (second, left) at the ceremony. — VNA/VNS Photo Thong Nhat Vingroup and Google Cloud have signed a Memorandum of Understanding (MOU) to support Vingroup's ongoing digitization and innovation strategy. The MOU agreement was signed this week in New York City, on the sidelines of President Nguyen Xuan Phuc’s diplomatic trip to the United States. The agreement sees Vingroup and Google Cloud collaborating closely as strategic partners, to drive the group’s digital transformation. Specifically, Google Cloud will help Vingroup to advance its Cloud-based services and identify opportunities to apply cloud-based machine learning, artificial intelligence, and smart data analytics technologies across Vingroup’s varied lines of business. Nguyen Viet Quang, Vice Chairman and CEO of Vingroup and Thomas Kurian, CEO of Google Cloud signed the MOU. Nguyen Viet Quang said, “This MOU with Google Cloud builds on our successful on-going relationship with Google. This …

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This is the first time China has confirmed the presence of Y-20 aircraft in Truong Sa (Spratly). The Ministry of Foreign Affairs opposed China’s dispatch of Y-20 large transport aircraft to Yongshu Reef, Zhubi Reef and Meiji Reef in Vietnam’s Spratly Islands for troop transport missions. Vietnamese spokesperson Le Thi Thu Hang. Photo: MOFA Vietnamese Spokesperson Le Thi Thu Hang was answering the reporter’s queries about this issue at the ministry’s regular press briefing held on Sept. 23. “Vietnam has sufficient historical evidence and legal basis to assert its sovereignty over the Hoang Sa (Paracel) and Truong Sa (Spratly) archipelagos in accordance with international law,” Hang said. The Vietnamese spokesperson stressed that China’s act infringes Vietnam’s sovereignty over the islands of Paracel and Spratly, escalates militarization, goes against the spirit of the Declaration on the Conduct of Parties in the East Sea (referring to the South China …

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Vietnam confirmed an additional 9,472 Covid-19 infections on Thursday and 6,226 patients were discharged from hospital following their recovery the same day, according to the Ministry of Health. Health workers take samples for Covid-19 testing in Hanoi According to the ministry's report, 9,465 of the new patients are locally-transmitted cases confirmed in 33 localities including HCM City (5,052), Binh Duong (2,764), Dong Nai (760), Long An (190), Kien Giang (163), An Giang (109), and Tay Ninh (86). There were seven imported patients confirmed today. The new infection number showed a decrease of 2,060 cases compared to yesterday's figure. There were 5,344 infections found in the community. As of Thursday evening, 723,962 infections have been reported since the new outbreak occurred in the country in late April, with some southern localities recording high infections such as HCM City (358,707), Binh Duong (190,257), Dong Nai (43,122), Long An …

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The nation requests China to respect its sovereignty over Hoang Sa (Paracel) and Truong Sa (Spratly) archipelagoes, immediately stop and not to repeat similar violations. Spokeswoman for the Ministry of Foreign Affairs Le Thi Thu Hang Spokeswoman for the Ministry of Foreign Affairs Le Thi Thu Hang made the statement at the Foreign Ministry’s press briefing on September 23 while responding to reporters’ question about Vietnam's reaction to China sending cargo planes to China’s illegally reclaimed entities in the Spratly islands of Vietnam. “Vietnamese competent agencies always closely follow all developments in the East Sea. As constantly reiterated, Vietnam has sufficient historical evidence and legal grounds to prove its sovereignty over the Hoang Sa and Truong Sa (Spratly) archipelagoes in accordance with international law," Hang stressed. China’s move has violated Vietnam's sovereignty over Truong Sa, international law, and run counter to the agreement on …

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Spokeswoman of the Ministry of Foreign Affairs Le Thi Thu Hang (Photo: VNA) Hanoi (VNA) - Vietnam stands ready to share information and experience with China in joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), spokeswoman of the Ministry of Foreign Affairs Le Thi Thu Hang has said. She made the statement on September 23 while responding to reporters’ question about Vietnam's reaction to China's bid to join the deal. Illustrative image The CPTPP is an open free trade agreement, with comprehensive commitments aiming to bolster economy-trade amongst members, she said. That the CPTPP receives attention from other economies which hope to become signatories of the trade pact shows its increasing role in promoting regional and international cooperation and economic-trade connections, she added. In accordance with regulations on relevant procedures, economies seeking CPTPP membership need to meet criteria of the agreement as well as …

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CPTPP is an open free trade agreement with comprehensive commitments to foster economic and trade cooperation among member countries. Vietnamese Government is willing to share information and experience of joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with China after this country filed its formal application to become part of the 11-member trade pact last week, said Vietnamese Spokesperson Le Thi Thu Hang. Vietnamese Spokesperson Le Thi Thu Hang in the regular press briefing on Sep, 23. Photo: HNT She made the affirmation at a regular press conference held virtually from Hanoi on Sept. 23 in reply to reporters’ questions about China’s bid. Hang said that CPTPP draws attention and desire to become part of it, from other economies, which shows its role in fostering economic and trade cooperation and connection in the region and the world. She noted that countries wishing to join the pact need to meet its …

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