Politburo member and Standing Deputy Prime Minister Pham Binh Minh and Chinese State Councilor and Foreign Minister Wang Yi on September 10 co-chaired the 13th meeting of the the Steering Committee for Vietnam–China Bilateral Cooperation. Politburo member and Standing Deputy Prime Minister Pham Binh Minh (R) and Chinese State Councilor and Foreign Minister Wang Yi. China pledged to donate an additional 3 million doses of vaccines for Việt Nam, bringing the total number of doses promised to 5.7 million. The information was announced at a meeting of the 13th Steering Committee for Việt Nam-China Bilateral Cooperation held in Hà Nội on Friday. The two sides congratulated each other on their recent important events including Việt Nam’s 13th National Party Congress and China’s 100th Anniversary of the Chinese Communist Party. They noted that the two countries have maintained close contact and exchanges through many forms, strengthened cooperation among …
HCM City’s master plan to 2040 focuses on climate change adaptation
Ho Chi Minh City’s master plan calls for the city to be developed into the nation’s largest economic hub for tourism, industrial services and high-tech agriculture by 2040, with a focus on climate change adaptation. A corner of Ho Chi Minh City. (Photo: VNA) According to a Government decision on the master plan, the city is expected to have 13-14 million people by 2040 and 16 million by 2060. It plans to allocate 100,000-110,000ha of land for urbanisation by 2040. The city will remain the country’s economic and technological hub, focusing on innovation as part of the national urban development strategy. Under the master plan, the city will develop a complete infrastructure linking the city with neighbouring provinces. The newly established Thu Duc city will be developed into an innovative city model that will support the development of HCM City and the southern region. The city will integrate urban development with transit-oriented development (TOD), including …
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VIETNAM BUSINESS NEWS SEPTEMBER 18
Digital transformation plays a vital role in agricultural development To achieve ambitions to become a modern-oriented industrialised nation by 2030 and a developed country with high income by 2045, Viet Nam must succeed in the digital transformation process, in which agriculture is one of the priority areas, Minister of Foreign Affairs Bui Thanh Son said. Minister Son gave the statement at the Vietnam Agricultural Digital Transformation International Forum 2021, themed “Keeping up with market trends, ensuring the pivotal role of the economy during and after the COVID-19 pandemic.” which was held virtually on Thursday by the Ministry of Foreign Affairs (MOFA), the Vietnam Digital Agriculture Association (VIDA), and e-newspaper VnExpress. The forum is a place for dialogue and public-private policy activities between the Government, private sector and stakeholders. It was also an activity within the framework of the Vietnam International Agricultural Exhibition 2021 (AgriTech Expo …
Buyers seek loan help
Individuals and companies are finding it very difficult to pay rent and other expenses because of closures, Photo: Le Toan Prolonged social distancing and the sharp decline in incomes are burdening many people with active loans from banks. Nguyen Manh Ha, a marketing officer at a footwear company, said that in the past few months, he only earned 70 per cent of his previous income. Meanwhile, Ha’s wife is a trader in Phuoc Binh market in Thu Duc city, which had been closed, leaving her without an income. As a result, the couple currently cannot afford to pay their bank debt of $430 a month for an apartment in Thu Duc city. The total loan of $30,000 involves a fixed interest rate of 10.5 per cent in the first year, which will fluctuate to up to 11.5 per cent per year in the following years. “The sharp decrease in our income forced me to reserve almost all of my salary to pay the loan, and so it is hard for me to cover other expenses,” said Ha. Ha’s case is not unprecedented. …