Low carbon quotes

First phase of metro city project in HCMC to be completed by Q3 2021. Zeitgeist, the largest metro city in Saigon South and developed by Vietnam GS Industry (VGSI) - a subsidiary of the prestigious GS E&C in South Korea - will add more green space in Nha Be district as per the company’s commitment to incorporating nature as the new standard of living. With a total area of 349 ha, divided into five development stages, and with an expected population of up to 68,000 citizens, Zeitgeist is one of the largest projects in the South Saigon area. Phase 1.1 of the project, called “Zeit River County 1”, will cover 17.9 ha and comprise 359 villas, townhouses, and shophouses. Built to be a modern urban area, 70 per cent of Zeitgeist is green with ample public space and relaxing facilities. The project incorporates solar panels to ensure sustainable energy sources while designing homes to have airy views, optimized for fresh air and natural light. “We believe … [Read more...] about Zeitgeist metro city to add more green space

At a press conference on April 5, the MoF reported that total state budget revenue reached VND 381 trillion (over USD 16.4 billion) during the last three months, equivalent to 27 percent of the targeted figure for this year – higher than the 23 percent of annual targeted revenue achieved during the same period last year. That sum included VND 315.4 trillion gained from domestic sources, up 13.8 percent year-on-year, the ministry said, adding that 49 of the 63 provinces and centrally-run cities had revenues from domestic sources equivalent to over 24 percent of their estimates for this year. Fifty-four localities reported year-on-year increases in their Q1 revenues. Photo: baohoabinh.com.vn. Meanwhile, the state budget spending during the period surpassed VND 315 trillion, equivalent to 19.3 percent of this year’s spending estimate. The MoF said spending tasks have been performed in line with the set plans, ensuring social security. As the spending demand … [Read more...] about State budget surplus recorded in Q1: Finance Ministry

Volunteers join a campaign against the use of tobacco in central Da Nang city (Photo: VNA)   Hanoi (VNS/VNA) - The new cigarette tax rate of 5,000 VND (0.2 USD) per pack will help reduce the rate of tobacco consumption and increase the State budget, health experts have said. Speaking at the conference on tax incentives to prevent tobacco harm on September 25 morning, health experts said the application of the special consumption tax rate will reduce the tobacco use rate among men from 45.3 percent to 39 percent by 2020. Currently, Vietnam has the world’s ninth-highest number of smokers. On average, one in every two male adults is smoker. The prevalence of smoking among adolescents is 24.3 percent. The country has been suffering the burden of disease and financial loss caused by tobacco use. In 2015, Vietnamese people spent up to 31 trillion VND (1.3 billion USD) on cigarettes and more 24 trillion VND (1.03 billion USD) on treatment of tobacco-related diseases such as … [Read more...] about Increase on special consumption tax vital to reduce smoking