South korea

South Korean President Moon Jae In has announced that they would send over one million Covid-19 vaccine doses to assist Vietnam in its Covid-19 fight. South Korean President Moon Jae-in (R) meets with Vietnamese State President Nguyen Xuan Phuc in New York on September 21 on the sidelines of the 76th UN General Assembly. President Moon announced the vaccine donation plan during his meeting with Vietnamese President Nguyen Xuan Phuc in New York on the sidelines of the United Nations General Assembly’s 76th session on September 21 (New York time). According to President Moon, the vaccine donation to Vietnam will be South Korea’s first direct provision of the vaccine to a foreign nation, except for its financial support through the COVAX Facility. The vaccine is expected to be sent to Vietnam in October. Thanking the South Korean Government for timely vaccine support, President Phuc emphasized that Vietnam would continue to create favourable conditions for South …

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Vu Thu Hang, head of sales with TNI Holdings Vietnam, enumerated several problems with land clearance at a recent webinar on "Identifying new trends in Industrial Park development." She said infrastructure investors were forced to pay site clearance compensation in stages and the process was prolonged even further because of legal and procedural hassles. This, in turn, interferes with enterprises' planning process and reduces project duration for investors, she added. "Businesses have lost many opportunities, especially when there were many orders that could not be met because site clearance did not happen in time," Hang said. A wave of factory relocations from China has heated up Vietnam's industrial real estate market generating high demand and increasing rentals. While investors are willing pay a premium to sign leases, complete licensing procedures and begin operations, land clearance continued to be a bottleneck for industrial real estate investment enterprises, Hang …

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Many restaurants in Hanoi cleaned up overnight to prepare for their business resumption after more than 50 days of lockdown. Photo: Duc Thanh Since early September, Ho Chi Minh City has allowed food and beverage (F&B) businesses to provide takeaway services from 6am to 6pm. To ensure that pandemic prevention measures are met, the city has requested such businesses to also apply the stay-at-work model, with continuous coronavirus tests for their staff every two days. Despite the green light, many F&B businesses in the city remain careful. Harry Ang, founder of the Singaporean restaurant chain Lion City told VIR, “It’s a good decision to extend the lockdown and utilise more time for planning the next steps to prevent another outbreak. We have been preparing well, as we know that life will never be the same again. All plans have to be carefully executed according to prevention protocols.” He added that he agrees with the local authorities on COVID-19 tests as a good way …

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The resettlement area for Long Thanh Airport is coming along slowly The Long Thanh International Airport project is one of the most important transport projects in southern Vietnam for the local and regional socioeconomic development, promoting tourism, and facilitating trade activities. However, since 2018, only 47 per cent of the VND22.85 trillion ($993.7 million) allocated for the airport’s resettlement project has been disbursed and land clearance work has only reached 50.7 per cent of the plan, with nearly 1,250 hectares remaining for handover within 2021. At last week’s online conferences on socioeconomic development and public investment in 2022 between the Ministry of Planning and Investment (MPI) and the country’s three regions, the People’s Committee of Dong Nai, where the project is located, proposed several measures for the MPI to accelerate the project. In particular, Chairman of Dong Nai People’s Committee Cao Tien Dung proposed cutting two sub-projects on building …

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