Hotel in hcm city

Official land prices (called the coefficient or K coefficient) in HCM City will remain unchanged this year amid the rising cost of goods and challenges facing the economy, effective from June 18, said HCM City's Vice Chair Le Hoa Binh. A view of the HCM City skyline. City authorities plan to keep official land prices unchanged this year. The HCM City Development Research Institute said that despite the pandemic, real estate prices in the city were expected to continue to rise in many segments. According to the Department of Finance, land prices must be consistent with the market price. However, if the K coefficient rises too much amid the pandemic, it will cause difficulties for land users. The K coefficient for land used for rent will be divided into two groups and five regions, based on the purpose of land use. The first group covers land for lease for residences, financial services, restaurants, and hotels. The second group covers land for lease for … [Read more...] about HCM City official land-price remains unchanged

Former Vice Chairman of the HCM City People’s Committee Nguyen Thanh Tai (centre) at a hearing in March (Photo: VNA) HCM City (VNA) – The People’s Court of Ho Chi Minh City on June 17 announced that the second hearing for the case of law violation involving the land lot at 57 Cao Thang street being exchanged for the land lot at 185 Hai Ba Trung street in the city will take place from July 13-19. The hearing, which was scheduled for May 26 to June 2, was delayed to June 22 due to the COVID-19 pandemic. However, social distancing measures are being applied in HCM City until the end of June, forcing the trial to be suspended again. In this case, Duong Thi Bach Diep, Director of the Diep Bach Duong Real Estate Co., is among the key defendants in the trial, and is charged with “fraud, appropriation of assets”. Nine other defendants in the case are charged with “lack of responsibility, causing serious consequences,” including former Vice Chairman of the municipal People’s Committee … [Read more...] about HCM City land-use violation case involving city ex-leader suspended again due to COVID-19

Vietnam’s digital economy presents chances for investors, start-ups The newswire techwireasia.com on June 16 ran an article saying that Vietnam has been steadily growing its highly promising digital economy, presenting multiple opportunities for investors, startups, and businesses alike. The author wrote that in recent years, the Southeast Asian region has been seeing rapid and sustained efforts and investment into various digital economy initiatives by both the public and private sectors. Tech giants have been creating waves, most recently the Tokopedia-Gojek merger, and earlier, Grab pushing for a US listing with a valuation of over 40 billion USD. Estimates by Google, Temasek, and Bain & Co predicted that the Vietnamese sector could grow to 52 billion USD by 2025, which comes up to about a sixth of the massive 300 billion USD regional digital economy pie. According to the article, backed by a stable political climate, progressive economic policies, and … [Read more...] about VIETNAM BUSINESS NEWS JUNE 18

A group of foreigners illegally entering  Vietnam detected by HCM City's police (Photo:  congan.com.vn) HCM City (VNA) - The People’s Procuracy of Ho Chi Minh City said on May 8 that it approved decisions to prosecute and detain two Vietnamese citizens for arranging illegal stay for foreigners in Vietnam. Nguyen Van Huan, 39, residing Binh Tan district in HCM City, and Tran Hoai Thanh, 40, residing in Dak G’Long district of the Central Highlands province of Dak Nong, are prosecuted under Article 348 of the Criminal Code 2015. According to the initial investigation result s, on April 20, Huan was introduced to contact with a man named Tai to arrange illegal entry for 11 foreigners into Vietnam. On April 29, Huan contacted Thanh to find three hotel rooms for the foreigners. Huan brought the foreigners to the hotel a day later. The case is under further investigation. A day earlier, the municipal People's Procuracy also approved a decision to prosecute and … [Read more...] about Two prosecuted for arranging illegal stay for foreigners in Vietnam

By Nguyễn Mỹ Hà This wave of COVID-19 has been hitting Việt Nam really hard. The country jumped from about 3,500 cases to more than 11,000 in just six weeks, while hundreds of thousands of people have been quarantined. When the Chairman of HCM City People's Committee, Nguyễn Thành Phong, announced the extension of social distancing measures for two more weeks, it was greeted with both applause and concern. "Two more weeks of social distancing, it's hard, but for the safety of our residents, we'll respect it," wrote one Facebook user. Less than two weeks ago, when the COVID-19 vaccine fund was launched , the country returned to empathy mode when news that an elderly lady donates VNĐ400,000 (US$18) from her limited pension to the fund and a schoolboy broke his piggy bank to contribute his pocket money to the fund. In many developed countries, vaccine shots are provided by the government from tax money but in Việt Nam, it's a popular belief that everyone shares this … [Read more...] about Even the big and strong need help now and then