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President Nguyen Xuan Phuc (centre) and other delegates cut the ribbon to open the Tan Thuan CMC Data Centre on Monday. — VNA/VNS Photo The Tan Thuan CMC Data Centre, considered the most modern and safest data centre and cloud computing infrastructure facility in Viet Nam, officially opened on Monday. With investment of VND1.5 trillion (US$64 million) from the CMC technology group, the centre covers 13,000 sq.m at Tan Thuan Export Processing Zone in District 7, HCM City. It was designed by B-Barcelona of Singapore and meets strict international standards for a modern data centre. Addressing the opening ceremony, President Nguyen Xuan Phuc repeated the goal of developing HCM City into a high-quality service, modern technology, and advanced cultural hub that can take the lead in developing the digital economy and society. To that end, the direct engagement of strong, visionary and enthusiastic tech companies like CMC was highly important, he said, calling on businesses to … [Read more...] about Leading data centre opens in Viet Nam

The city is keen to avoid any Covid-19 impacts that could derail its plan for socio-economic recovery for this year. The Hanoi People's Committee has urged local agencies to remain vigilant against the Covid-19 pandemic and accelerate the disbursement of public funds, seen as a key task for socio-economic recovery for the rest of the year. Electronics production at Rhythm Precision Vietnam, Soc Son District, Hanoi. Photo: Pham Hung Among the key tasks, the city would focus on the Covid-19 vaccine roll-out by providing boosters for eligible people, including the completion of vaccination for children aged 5-12 before September 2022, noted the municipal People’s Committee in a directive. The city’s authorities reiterated public investment is a key task for economic development and considered pubic fund disbursement a key criterion to evaluate the performance of each agency, department, and unit by year-end, especially leaders and senior officials. “Efforts … [Read more...] about Hanoi boosts socio-economic growth, but remains vigilant against Covid-19

According to economic expert Can Van Luc, there are many factors that positively affect the real estate market including the relatively good economic recovery, the acceleration of the program of socio-economic recovery and development 2022-2023, and public investment. In addition, legal issues have been and are being resolved while interest rates and basic exchange rates were stable despite strong upward pressure. In particular, the credit market is having bright spots. From now until the end of the year, there will still be a new credit wave for good property projects and by 2023 there will be a new credit room. However, challenges still remain because the economic recovery is not sustainable and the supply is not immediately abundant whereas the prices of energy and raw materials also increased. The Government and responsible agencies have been tightening management of the corporate bond market. Regarding specific developments in the market, a representative of CBRE Group … [Read more...] about Experts forecast real estate market for next year

Strategically located on ​​a 4.17ha land plot in Minh Quang Industrial Park, My Hao commune, Hung Yen province , the project is easily accessible to the National Highway No.5A, Haiphong Port, and Noi Bai International Airport, facilitating the import and export of goods. This location is also close to successful industrial parks in Pho Noi and Yen My districts, Hung Yen. Upon completion by the first quarter of 2023, VLI Hung Yen will feature 29,000 square metres of Grade A warehouses with modern standards. At the groundbreaking ceremony, Alex Lin, co-founder of Skymont Capital said, “VLI Hung Yen marks a new milestone for us in the Vietnamese industrial warehouse market, representing our commitment to our investors, partners, customers, and local authorities in developing world-class industrial warehouses in Vietnam.” The future VLI Hung Yen This company has also officially appointed CBRE Vietnam to become the exclusive marketing and leasing consultant … [Read more...] about Vietlog Industrial breaks ground on flagship warehouse in Hung Yen

In a group photo: Politburo member and head of the Party Central Committee's Economic Commission Tran Tuan Anh (6th from left) and Graham Stuart, Minister of State (Minister for Europe) at the Foreign, Commonwealth and Development Office (4th from right) and Minister of State in the Cabinet Office Nigel Adams (5th from left). (Photo: VNA) London (VNA) – A Party delegation, headed by Politburo member and head of the Party Central Committee's Economic Commission Tran Tuan Anh, paid a visit to the UK from August 10 – 15, aiming to fortify the countries’ strategic partnership, particularly in economy, trade, and investment. During the trip, the delegation met many UK officials, namely Graham Stuart, Minister of State (Minister for Europe) at the Foreign, Commonwealth and Development Office; Deputy Speaker of the House of Commons Nigel Evans; Minister of State in the Cabinet Office Nigel Adams; Economic Secretary to the Treasury Richard Fuller; and General Secretary of the Communist … [Read more...] about Party officials visit UK for improved strategic partnership

Ha Long pilots settlement of administrative procedures at post offices. - Illustrative image (Photo: VNA) Quang Ninh (VNA) – Authorities of Ha Long city of the northern province of Ha Long on August 15 piloted the implementation of administrative procedure at post offices in the locality. Under the pilot project, post offices are to process a number of district-level administrative procedures in Ha Long. The project aims to further improve the quality of service to the people, making it easy for them in carrying out administrative procedures, helping reduce the time for travel and minimise bureaucracy and negativity among officials and civil servants. It is also expected to concretise guidelines and policies of the Party and State in digital transformation, building a digital government, economy and society; and promote the role of the public postal service in applying digitalisation in performing administrative services. In the first phase, the project will focus … [Read more...] about Quang Ninh: Ha Long pilots settlement of administrative procedures at post offices

Hanoi (VNA) - The following is a list of selected news summaries last night by the Vietnam News Agency . - Prime Minister Pham Minh Chinh suggested Qatar step up investment cooperation with Vietnam in infrastructure development, oil, renewable energy, green technology and digital transformation while hosting visiting Qatari Deputy PM and Foreign Minister Qatar Sheikh Mohammed bin Abdulrahman Al-Thani on August 15. Qatari Deputy PM and Foreign Minister Qatar Sheikh Mohammed bin Abdulrahman Al-Thani pays a courtesy call to Prime Minister Pham Minh Chinh on August 15. (Photo: VNA) PM Chinh highly spoke of the progress the two countries have made in their multifaceted partnership and active mutual support at multilateral forums. Congratulating Qatar on the signing of the instrument of accession to the Treaty of Amity and Cooperation (TAC) of ASEAN, the PM said Vietnam backs a close, effective and comprehensive cooperation between ASEAN and Qatar. Read full story - … [Read more...] about ☀️ Morning digest August 16

After a 2-year hiatus due to the COVID-19 pandemic, the Tuyen Citadel Festival will again be held in the northern mountainous province of Tuyen Quang this year. One of the highlights of the festival is a procession of giant mid-autumn lanterns. For more than a month now, Hoang Ngoc Tung, a local resident in Tan Quang ward, has set aside his daily tasks to join with other residents in making a mid-autumn lantern. The lantern is based on the legend of the first ancestors of the Vietnamese people - Lac Long Quan and Au Co. Local residents hope to educate children about love of their homeland and remembering their place of origin. Tuyen Quang province boasts about 40 festivals every year, but the Tuyen Citadel Festival is unique, with hundreds of giant mid-autumn lanterns in the procession. The lanterns are associated with history, folk tales, fairy tales, and legends, and are a unique feature of the province, 140km north of Hanoi, which has recently become a new and … [Read more...] about Tuyen Quang busy preparing for lantern festival

Vietnam has recorded new Omicron sub-variants including the fast-spreading BA.2.75, which explains the recent resurgence of COVID-19 cases in the country, according to the Ministry of Health. The General Department of Preventive Medicine under the Ministry of Health has sent an urgent document to health departments in provinces and cities regarding the enhancement of COVID-19 prevention and control efforts. The number of cases has been rebounding in Vietnam and across the world, the department stated. An average daily count of 2,000 new cases have been logged in the Southeast Asian country over the past weeks. Vietnam has documented the appearance of the new Omicron sub-variants with the ability to spread rapidly. Aside from the BA.4, BA.5, and BA.2.12.1 sub-variants that were previously detected, the country recently recorded the BA.2.75 sub-lineage, which is considered to be more transmissible than the others. In early July, many countries around the world reported the … [Read more...] about Vietnam detects fast-spreading BA.2.75 Omicron sub-variant

A heavy downpour battered Ho Chi Minh City on Monday afternoon and lingered until the evening, causing serious flooding and slowing traffic across the metropolis. The southwest monsoon strengthened due to the influence of a low-pressure system in the East Vietnam Sea, resulting in an hours-long downpour on Monday, according to Le Dinh Quyet, an official of the southern hydro-meteorological station. Around 7:30 pm, the rainfall was recorded at 102 millimeters in District 1, 80.4 millimeters in Thu Duc, and 50 millimeters in Binh Chanh District. Thousands of vehicles are stuck in traffic at the Hang Xanh Intersection in Binh Thanh District, Ho Chi Minh City, August 15, 2022. Photo: Phuong Quyen / Tuoi Tre The torrential rain caused severe flooding along multiple streets and significantly exacerbated traffic jams during the rush hours. At Chu Y Bridge connecting District 5 and District 8, commuters were stuck in traffic for over an hour due to the heavy downpour. … [Read more...] about Heavy downpour sinks streets, exacerbates traffic jams in Ho Chi Minh City