An apartment block for workers in the Dong An Industrial Park, Binh Duong province (Photo: VNA) Hanoi (VNA) – A workshop sharing Germany’s experience in the field of housing finance was held in Hanoi on November 21 by the the Vietnam Bank for Social Policies (VBSP) and the German building society, Bausparkasse Schwabisch Hall AG (BSH). The event heard that as many as 2,000 households in 55 provinces and cities nationwide have been provided with loans for social housing projects, at the outstanding total of nearly 500 billion VND (over 21.3 million USD). On average, each household was able to borrow around 261 million VND. General Director of the VBSP Duong Quyet Thang said that the bank has mobilised financial resources to create policy credit capital resources, thus meeting the demand for loans for people with low incomes and other policy beneficiaries, especially in the field of social housing. The Government, relevant ministries, and agencies … [Read more...] about Vietnam learns from Germany’s experience in housing finance
Mass housing projects
Viet Nam News By An Phương HCM CITY – As many locals may already know, HCM City has unveiled a plan to build a new performing arts centre in District 2 on the Thủ Thiêm Peninsula. The new theatre for symphonic, operatic and ballet performances is expected to cost a whopping VNĐ1.5 trillion (US$64.75 million). It will have a large auditorium with 1,200 seats and a small one with 500 seats. The theatre, with a total of 1,700 seats, will certainly be the biggest of its kind in the country. I’ve heard so many comments, both positive and negative, about this massive theatre project. Many people, including my parents, are concerned that the fund to build this theatre should go toward other projects in need for the public. Upgrading traffic infrastructure and fighting the consequences of floods are some of the major issues that HCM City needs to focus on, according to my parents. “I live in District 2, and flooding from heavy rains and … [Read more...] about Would HCM City’s new theatre project work out?
Rapid development of resorts, hotels and entertainment projects in the Lý Sơn Island off the central coastal province of Quảng Ngãi threaten to seriously damage the ancient geography of the area related to volcanic eruptions 25 to 30 million years ago. Thin edge: A sea port being built on Lý Sơn Islands. It is feared that the development of many buildings will damage the islands’ fragile structure Biologists, scientists and geologists have raised concerns about plans to develop a big resort on the islands that would cover an area of 70ha, including 50ha of sea space in the Lý Sơn Marine Protected Area. The island, 30km off the coast of Quảng Ngãi Province, is the remains of a volcanic eruptions dormant volcano, and the terrain of the island was structured from volcanoes millions years ago, leaving landscapes with rocks, caves, cliffs, rock arches and a lake. In a recent working session with Vietnam Infrastructure … [Read more...] about Lý Sơn Island fights mass tourism development
Hanoi prepares mass evacuation plan over flood fearThe Saigon Times Daily A house in Chuong My District, Hanoi City, is submerged under floodwater - PHOTO: VNA HCMC - Hanoi is preparing to evacuate 14,000 households from the outlying district of Chuong My due to what is considered the heaviest flood in history, Hanoi Chairman Nguyen Duc Chung said during an inspection tour to the district on July 30. He noted that the Hanoi government will provide an additional 10,000 sand bags and request the competent agencies in the district to strengthen the embankment along the swelling Bui River to prevent water from overflowing. Tran Quang Hoai, general director of the Directorate for Natural Disaster Prevention and Control under the Ministry of Agriculture and Rural Development, confirmed that the district is prepared for the worst, adding that the flood was not due to the discharge of water from the Hoa Binh hydropower plant in the upstream province of the same name. According to him, … [Read more...] about Hanoi prepares mass evacuation plan over flood fear
An exhibition on Hoang Sa, Truong Sa (Source: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has recently approved a project to raise public awareness of safeguarding sovereignty and sustainable development of Vietnam’s seas and islands. The project will be carried out in centrally-run cities and provinces, countries which are home to large communities of Vietnamese people and those with traditional friendly ties with Vietnam. It aims to update Party guidelines and State laws on Vietnamese seas and islands via the mass media, especially raising the awareness of exploitation, use and maintenance of sea and island environment and resources among coastal population. Accordingly, 90 percent of history and geography teachers in secondary and high schools, reporters and editors in press outlets and publishing houses, staff members of television and radio stations in communes and districts will be provided with Party guidelines and State laws on Vietnamese … [Read more...] about Communication project on sea, island sovereignty approved