Total investment capital for railway development until 2030 is estimated at VND230 trillion (US$10.5 billion). Hanoi and Ho Chi Minh City are projected to be the main transit hubs in Vietnam’s railway planning for the 2021-2030 period, which targets to build nine new railway routes with a total length of 2,362 kilometers. The country would have a network of 25 railway routes with a length of 6,354 kilometers by 2050. Photo: Tran Dung The plan was signed off by Deputy Prime Minister Le Van Thanh in decision No.1769/QD-TTg on October 19, with a view to upgrading existing railway tracks and ensuring smooth connection with international rail transport routes for total investment capital of VND240 trillion ($10.5 billion). The planning also expects to ensure greater efficient capital mobilization for the construction of new railway routes, including the North-South express railway, routes connecting international seaports, airports, and major cities. By 2030, … [Read more...] about Hanoi set to become Vietnam’s major transit hub in 2030 railway planning
27th vietnam international industrial fair
Illustrative image (Source: VNA) Hanoi (VNA) – While Vietnam is not out of the woods yet, it has enough pull factors to encourage investors to continue their business operations and even move their manufacturing operations to the country, according to Vietnam Briefing. Economic activities gradually resuming The news site noted that Vietnam has announced a phased plan to reopen the economy ensuring pandemic prevention in line with health authorities. It reported that approximately two-thirds of industries in Ho Chi Minh City have reopened. The number of businesses in export processing zones and industrial parks in Ho Chi Minh City resuming operations has reached approximately 66 percent while at HCM City’s Saigon Hi-Tech park the rate is 74 percent. Intel and Samsung are targeting to resume full operations of their factories in HCM City by the end of November, which may ease some disruption to supply chains. Domestic flights are gradually resuming along with … [Read more...] about Vietnam’s economy on course to record positive growth
Domestic industrial real estate developers need to improve offerings to attract capital. Photo: Nam Dinh Vu IP Data from Savills Vietnam in 2020 shows that the occupancy rate of industrial parks (IPs) in Haiphong has hit 73 per cent with rental prices reaching $96 per square metre per lease cycle, up 3.2 per cent compared to 2019. This is higher than Bac Ninh ($95), Hung Yen ($83), and Hai Duong ($76). Although rents are rising, investment has been constantly pouring into the city. Discussing this, director of Savills Hanoi Matthew Powell said: “The market excitement, the sudden demand increase for industrial land can be explained by better development of infrastructure and accessibility to new locations, roads, piers, and airports.” Sharing a similar opinion, general sales, marketing director of DEEP C Industrial Zones Koen Soenens said when foreign partners invest abroad, they look for a suitable, safe, and long-term location because of the large capital requirement to move … [Read more...] about Haiphong’s industrial real estate remains attractive destination to investors
Industrial facilities in Hà Nội have been at risk of causing environmental pollution which affects people's health and hinders urban development. — VNA/VNS Photo Danh Lam HÀ NỘI — Old, industrial buildings in Hà Nội may well have run their course with many looking like a blot on the capital’s landscape. But architectural experts believe some of these empty units could provide the ideal location to create cultural spaces, giving dilapidated properties a new lease of life. These were the issues discussed by experts during a webinar held by architects from Việt Nam and Europe alongside building owners and property managers. They hope to collaborate and share knowledge on the best solutions to turn run-down buildings into cultural spaces the city can be proud of. The webinar "Current status of industrial facilities spaces in Hà Nội and international experiences of industrial heritage", was held in Hà Nội recently, supported by EUNIC (the association of European Cultural … [Read more...] about What does the future hold for industrial spaces in Hà Nội
The ticking time bomb of Evergrande has been making headlines for many days. The world's most indebted real estate group is saddled with more than $305 billion in debt and has issued repeated warnings that it could default. Currently, Evergrande's stock and bond prices are falling sharply, declining 90 per cent from their peak in 2020. Shareholders and 70,000 investors stand to lose almost everything as the Chinese government signalled intention to let Evergrande handle matters on its own under market mechanisms. According to CNBC , the Evergrande is threatening to push over real estate companies like a line of dominoes stretching across China while the international press is making a list of other large enterprises whose hefty debts could catch up with them after property sales and debt credit decline. The cooling of the housing market could pose a serious risk to the Chinese economy, as the real estate industry contributes nearly 30 per cent of its GDP and is one of the … [Read more...] about Vietnam’s real estate scene post-Evergrande: who will stand tall?
“In Her Voice” webinar aims at raising the call among men on providing women filmmakers’ specific needs to create networks and opportunities for them. Difficulties of female filmmakers in their journey to international film festivals and access to cinema support funds were high on the agenda of a webinar entitled “In Her Voice” held in Hanoi on Oct 19. The renowned Vietnamese couple of directors Thanh Van and Nhue Giang. Photo courtesy of UNESCO Office in Vietnam The webinar, attended by Vietnamese and international speakers, was jointly organized the United Nations Educational, Scientific and Cultural Organization (UNESCO), the Embassy of Canada to Vietnam, and the Embassy of Switzerland in Vietnam on the occasion of the Vietnamese Women’s Day, which falls on Oct 20. It is part of the “E-MOTIONS” project - Mobilizing film professionals for regional cooperation- conducted by UNESCO and its partners, with the support from the Japanese Funds-in-Trusts. It … [Read more...] about Women filmmakers struggle to overcome gender prejudice