Tay Ninh plans 11 social housing projects

Low-income earners have chance to own their own flats thanks to social housing projects. (Photo: VNA) To meet the housing demand of low-income earners, the southern province of Tay Ninh will build seven social housing projects with 2,385 units to supply accommodation for nearly 10,000 people, and four others with over 2,000 rooms for nearly 20,000 workers at industrial … [Read more...]

January CPI seen edging down

Buyers shop at Co.op Mart in HCM City. The CPI in January will fluctuate slightly and see a minor reduction. — VNA/VNS Photo Thanh Vu HA NOI (Biz Hub) — The Consumer Price Index (CPI) in January will fluctuate slightly and see a minor reduction, the Price Management Department under the Ministry of Finance, forecast. January is the month before the Tet holiday, … [Read more...]

HN aims to ensure stable Tet prices

Customers browse products at a Hapromart in Gia Lam District, Ha Noi. — VNA/VNS Photo Tran Viet HA NOI (Biz Hub) — Ha Noi businesses have stocked up and developed trade promotions to stabilise the market and boost consumption during the Tet holiday, a Ha Noi Industry and Trade Department official said. At a meeting of the industry and trade sector of Ha Noi on … [Read more...]

FDI expected to surge in 2015

An electronics spare part production line at Tenma Company in the northern province of Bac Ninh's Que Vo Industrial Park. — VNA/VNS Photo Thai Hung HA NOI (Biz Hub) — Foreign direct investment (FDI) in Viet Nam is forecast to increase significantly this year, as many large FDI projects are expected to be issued licences in the next few months. The Thoi bao Kinh … [Read more...]

SBV to persist with exchange rate policy

The State Bank of Vietnam (SBV) is expected to continue its current exchange rate stabilisation policy next year following the hefty benefits it derived from the strategy this year. The present exchange rate stabilisation policy has amassed a considerable surplus of US$8 billion in the general balance. To date, the detailed policy for next year has yet to be revealed. However, … [Read more...]

Prices of essential goods to be stabilised: ministry

Prices of essential goods, including rice, sugar, milk and fertilizer, are expected to be stable in the future due to high supply. — Photo Vietpress HA NOI (Biz Hub) — Prices of essential goods will be stable by the end of this year and beyond, according to the Finance Ministry's Price Management Department. The department said this month that many factors could … [Read more...]

Long An to build irrigation works

Under a long-term programme upgrading local irrigational systems, the southern province of Long An's People's Committee will spend more than VND13 trillion (US$565 million) from different capital sources, including VND3 trillion ($130 million) from ODA (official development assistance) capital, to build and upgrade irrigation works in the Dong Thap Muoi area. The programme … [Read more...]

Moc Chau moves to boost tourism

The Prime Minister has approved a plan to develop the Moc Chau Tourism Area in the northern mountainous province of Son La by 2020. Under the plan, the tourism area targets visitors from the Hong (Red) River Delta and Northern midland and mountainous region. Its foreign markets include Western Europe, North America and Northeast and Southeast Asia. The area is also expected … [Read more...]

240,000 City workers uninsured

Around 40,000 enterprises in HCM City failed to offer compulsory social insurance and health insurance to their employees, leaving nearly 240,000 workers uninsured, according to the city's Social Insurance Agency. Cao Van Sang, director of the agency, said that local authorities and social insurance offices at district and ward levels were responsible for inspection of small … [Read more...]

Tay Nguyen needs culture preservation policy

The Tay Nguyen (Central Highlands) region should have proper policies to preserve its written language, gongs, festivals and costumes, said experts at a seminar held in Phu Yen Province on Monday. The region needs to focus on protecting the living environment and teaching ethnic culture in schools, they said. The seminar was held by the Central Committee for Publicity and … [Read more...]

Quang Ninh to plant medicinal garden

The Ministry of Health on Sunday set up a steering committee for the project "Yen Tu national garden for preserving and developing medicinal plants". The garden will stretch from Dong Trieu District, Yen Tu Mountain, Ba Che and Binh Lieu districts. Yen Tu, which will be the centre of the national park, has many medicinal plant gardens with hundreds of indigenous plants. The … [Read more...]

Quang Ninh receives farming assistance

The Ministry of Agriculture and Rural Development will provide 50 tonnes of chlorine to help the northern province of Quang Ninh fight disease outbreaks among shrimp. According to the provincial animal health office, diseases last month destroyed more than 26 hectares of white-legged shrimp farmed in Tien Yen, Uong Bi and Quang Yen districts. THE SAIGON TIMES DAILY Dong Nai … [Read more...]

Children, teachers get quality helmets

Quality helmets have been provided to more than 4,000 students and teachers at eight elementary schools in HCM City's Districts 12, Binh Thanh, and Binh Chanh under a road safety campaign. The campaign is organised by the National Traffic Safety Committee, Ministry of Education and Training, and Asia Injury Prevention Foundation. Thoi Bao Kinh Te Viet Nam (Viet Nam Economic … [Read more...]

No easy fix for overloading

Dealing with overloaded trucks requires balancing the interests of many, General Secretary of Viet Nam Logistics Business Association Tran Huy Hien told Thoi Bao Kinh Te Viet Nam (Vietnam Economic Times) There has been rising concern about overloaded vehicles on the roads and their possible impacts, but several people have said that the problem cannot be solved soon. What is … [Read more...]

Binh Thuan to begin work on new port

Work will begin on the Vinh Tan General Port at the end of this year, Le Tien Phuong, chairman of the Binh Thuan Province People's Committee, has said. The port, to be located in Tuy Phong District's Vinh Tan Commune, will spread over 76ha and can accommodate both passenger and cargo ships weighing up to 50,000DWT. Dau Tu (Vietnam Investment Review) Ethnic minorities learn … [Read more...]

Speed limits increase on three highways

The Ministry of Transport has approved an increase in the speed limits on the HCM City-Long Thanh-Dau Giay Expressway and Thang Long Boulevard and Belt Road No.3 in Ha Noi. Vehicles can now travel at up to 120 kilometres on these roads. Sai Gon Giai Phong (Liberated Sai Gon) Viet Nam sends 83,000 guest workers abroad More than 83,360 guest workers went abroad to work in the … [Read more...]

Ha Noi growth slows as purchases decline

Vegetables are sold at a market in the southern Ha Noi. Consumer price index in the capital city increased by 0.04 per cent month-on-month and 2.72 per cent year-on-year. - VNA/VNS Photo An Dang HA NOI (Biz Hub) - Consumer price index (CPI) in the capital city witnessed a light surge while its industrial index registered a sharp increase this October, based on figures from its … [Read more...]

Big banks should get involved with M&As

HA NOI (VNS) - Mergers and acquisitions (M&A) within the Vietnamese banking industry have contributed to the sector's restructuring in recent years, but experts are suggesting that big banks get involved in the process. Truong Thanh Duc, chairman of the Viet Nam Banking Association's Legal Club, said banking reform in the past two years has yet to provide the expected … [Read more...]

Bank loans help City stabilise prices

Commercial banks in HCM City are committed to lending VND8.3 trillion (US$391.67 million) to companies that are participating in the price-stabilisation programme for Tet (Lunar New Year) 2015. This is four times the amount lent last year. Short-term loans with interest rates of 5.5-6 per cent account for VND2.8 trillion ($132.1 million), and medium- and long-term loans with … [Read more...]

Rice museum to rise in Mekong Delta

The Cuu Long (Mekong) Delta of Vinh Long plans to build a museum of rice production in the province's Vung Liem District. The 3-hectare museum with a cost of VND70 billion (US$3.33 million) will display and introduce farming tools as well as the development of rice cultivation and the agricultural industry. The museum will be open to researchers and to domestic and foreign … [Read more...]