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Construction of the first detail of Long Thanh International Airport started on January 5. The airport will be built in three phases over three decades, and is expected to become the country’s largest airport. In the first phase, one runway with a length of 4,000m, taxiways, an apron, and a passenger terminal with other auxiliary works sprawling 373,000 sq.m will be built to serve 25 million passengers and 1.2 million tonnes of cargo each year. The airport is designed to have four runways, four passenger terminals, and other auxiliary facilities to ensure a capacity of 100 million passengers and 5 million tonnes of cargo a year by 2040. Covering a total area of more than 5,580ha, the airport will straddle six communes in Long Thanh district. It is expected to cost 336.63 trillion VND (14.5 billion USD), with the first phase needing over 109 trillion VND. Around 4,800 households and 26 organisations are expected to be relocated to make way for it. Located 40km to the east … [Read more...] about Routes leading to Long Thanh airport to be built

The “Dang ta that la vi dai!” (Great is our Party!) exhibition aims to highlight the CPV’s leadership during the country’s struggle for independence, “Doi Moi” (renewal) process, and nation building, and the Vietnamese people’s achievements in constructing and safeguarding a socialist Vietnam. … [Read more...] about Exhibition marks 13th National Party Congress

The political report submitted to the upcoming Congress sets out the overall objectives, which are: to enhance the Party's leadership, ruling capacity and combativeness; build a clean and strong Party and political system in all aspects; to consolidate people's trust in the Party, State and the socialist system; to promote innovations, the willpower and aspirations for developments and the great all-nation unity strength, combined with the strength of the time; to push forward in a comprehensive and concerted manner the Doi Moi undertaking, national industrialisation and modernisation, rapid and sustainable development of the nation; to firmly defend the Homeland, maintain peace and stability; to strive for our country to become a socialist-oriented developed nation by mid-21st century./. … [Read more...] about Vietnam ready for 13th Party Congress

Hanoi (VNS/VNA) - As many as 277 businesses were involved in bond issuances in 2020, mobilising 403.5 trillion VND (17.4 billion USD), via some 2,200 issuance tranches, the Hanoi Stock Exchange has announced. In December 2020, there were 98 registrations for bond issuance with a total registered value of 75.35 trillion VND, 4.2 times higher than the previous month. Of them, there were 47 successful issuances from 35 enterprises, raising 34.7 trillion VND, accounting for 45.7 percent of the total registered value. The banking group was still the largest issuing group in the month, successfully issuing more than 19 trillion VND, accounting for 55.13 percent of the total value of issued bonds. Next was the real estate and construction with proportions of 5.88 percent and 4.38 percent, respectively. Other types of businesses accounted for a total of 28.35 percent of the value of bonds issued in December 2020./. … [Read more...] about Companies collect 17 billion USD via bond issuance in 2020

HCM City (VNS/VNA) - The HCM City administration has unveiled a draft design for the 18th annual Nguyen Hue Flower Street to celebrate the coming Tet (Lunar New Year) holiday. Rural life featuring rice farming and buffaloes will be the theme for this year, the Year of the Buffalo, according to eastern zodiac. Every year Nguyen Hue street in District 1, which has a pedestrians-only square down its middle, transforms into a ‘flower street’ during Lunar New Year. This year it will be open from February 9 to 15, with the decorations starting on January 25, according to the organisers. Like in previous years environment-friendly materials will be used for the decorations. According to organisers, the organic design and architecture this year would aim to send the message of environmental protection. To usher in the Year of the Buffalo, most of the event’s concepts and decorations will pay homage to the animal, with 26 mascots being set up along … [Read more...] about HCM City unveils proposed design for Tet Flower Street