Land auction

At the conference (Photo: SGGP) The Center for linking production, processing, and consumption of agricultural products in Can Tho City was established with the expectation that by 2050, it will become the central transport node in large metropolitan areas with smart technology. The center will be the focal point of the chain of smart production, processing, and consumption centers in the region. In this link chain, about 50 percent - 70 percent of the production processes are done automatically and intelligently. Speaking at the conference, Chairman of the Can City People's Committee Tran Viet Truong said this is an important conference to get opinions from ministries, sectors, and localities in the region, step by step perfecting the project in the most feasible direction before submitting it to the Government. The Center aims to contribute to the construction of Can Tho City into the central city of the Mekong Delta region, contributing to the development of the region’s … [Read more...] about Center hoped to help link, consume agricultural products in Mekong Delta

In his remarks, Ambassador Nguyen Huy Tang called on the embassy’s staff and Vietnamese people in Cambodia to follow the late President’s ideology, morality and lifestyle. They should seriously observe local law and support each other, he said, lauding Vietnamese firms and agencies in Cambodia for their support to Cambodians of Vietnamese origin and local people during the COVID-19 fight. The Vietnamese community in Hungary and Hungarian friends on May 18 also gathered at a ceremony in Zalaegerszeg city where President Ho Chi Minh’s statue is located to pay homage to the late leader. Góra Balázs, Chairman of the Hungarian Socialist Party’s Zalaegerszeg branch, recalled President Ho Chi Minh’s life and career, and affirmed that the President has passed down a great legacy for Vietnam and humankind in many aspects. Highlighting the President’s trip to Hungary in 1957, Dr. Botz László, President of the Hungary-Vietnam Friendship Association, said it has laid a firm foundation for … [Read more...] about President Ho Chi Minh remembered abroad

At a Wednesday conference held by the Communist Party's Secretariat regarding sustainable development of Vietnam’s urban areas by 2030, with vision until 2045, Tran Tuan Anh, head of the Central Economic Commission, said the Party's decision-making Politburo has requested for quicker, better urbanization, as well as sustainably developing urban areas into networks. By 2025, the urbanization rate of Vietnam would be around 45 percent, with 950-1,000 urban areas. By 2030, the rate would be at 50 percent with 1,000-1,200 urban areas. The goal means Vietnam would need 100 more urban areas in the next decade. The country would also have certain urban centers at national and regional level, with medical, education and cultural criteria similar to other urban areas in countries among the top four in Southeast Asia. In those urban areas, the ratio between traffic land and construction land must be at 16-26 percent in 2030. Tree coverage for each person on average must reach 8-10 per … [Read more...] about Vietnam aims to be 50 percent urbanized by 2030

In 2000, the canal that flows two kilometers through Districts 5 and 6 was filled up following heavy pollution and serious encroachment. By then, the canal spread only two kilometers wide with blackish and stinky water. To continue its drainage function, a concrete box culvert was installed. Fifteen years later, the city decided to recover the canal with a three-phase project that cost VND2 trillion ($86.2 million) to build a drainage system and relocate affected households. The project was to complete in 2020 but got delayed. In 2020, a section 200 meters long and 14-16 meters wide in District 6 was revived, with the two banks turned into a park. At a section meeting Lo Gom Canal in District 6, work has been deployed to establish a water pumping station. To revive the canal, more than 24,000 cubic meters of soil and rock has been dug up. Around one kilometer away, a section 100 meters long between Chu … [Read more...] about HCMC revives polluted canal with $86.2-million project

Pham Viet Tuan-Associate, Indochine Counsel Many of the negative risks arise because of the complicated Vietnamese land laws, which prevent not only foreign investors but also local developers from developing projects. This article will give some hints on how they could properly tackle issues related to land in property project development through the contribution of land. In the Vietnamese real estate market, it is common for a property developer to have land but not the budget or experience/resources needed to develop the project. In this case, such developers might seek other ways to conduct their business plan. Some solutions may be to secure a loan facility from a bank; to cooperate with other developers who have experience/resources in the project development; or to call for financial aid from funds, and foreign/local investors or to issue bonds in the capital market. Each solution has its pros and cons. From a foreign perspective, project land is essential to project … [Read more...] about Making better decisions in real estate

Developers clamour for legal clarity, Illustrative image (Photo: VNA) Nguyen Manh Ha, vice chairman of the Vietnam Real Estate Association, said that tourism real estate needs to break down barriers to development as soon as possible, in order to move alongside the general economic recovery. “Currently, mechanisms and policies for resort real estate are unclear, especially in terms of new types of real estate such as condotels, officetels, and second-home villas in resorts,” Ha said. The legal framework has not kept pace with the reality of hospitality and resort real estate development, thus partly hindering the growth momentum of these types of property, Ha added. They are not given a right use certificate, known as a red book in Vietnam, because they are built on land plots permitted for developing tourism property only, and not for residential projects. Doan Van Binh, chairman of CEO Group, said that supply is scarce not only in Vietnam but worldwide due to the impact of … [Read more...] about Developers clamour for legal clarity

Jens Olaf Økland, Equinor’s senior vice president Why did Equinor choose now to open an office in Hanoi? We believe it is very timely to open an office now. Vietnam is one of the world’s fastest-growing economies and power markets. With its long coastline and favourable wind conditions, the country has among the best wind resources in Asia and a strong desire to develop an offshore wind market. The country is on a path to becoming net-zero and offshore wind can enable this transition. We believe Vietnam has a high potential to become an interesting growth market for offshore wind and have therefore opened a representative office in Hanoi. Vietnam has set ambitious targets for offshore wind both for 2030 and 2045 which would result in Vietnam being one of the top offshore wind markets globally. The end of the decade is not that far away and a lot of things still need to come into place, both on the regulatory side and for the industry, but this is also natural in the … [Read more...] about Equinor reaffirms entry in Vietnam’s offshore wind