Developing economy characteristics

Ba Ria-Vung Tau’s development strategy identifies 5 sectors - industry, seaports, port logistics, tourism, and high-tech agriculture – as particularly important for local growth. In recent years, it has pursued investment selectively, ready to refuse investment projects worth billions of USD if they harm the environment or can’t meet sustainable development criteria. The recent planning of coastal cities has involved environment impact studies, practical socio-economic orientations, industrial planning, regional planning, and land-use planning for each locality. Ba Ria-Vung Tau plans coastal cities towards sustainable development. (Photo for illustration) Mai Trung Hung, Deputy Director of the provincial Construction Department, said Ba Ria-Vung Tau has paid particular attention land use adjacent to the sea. “Many things remain to be reviewed and adjusted. The use of land reserves and beach corridors is still inappropriate, for example. And … [Read more...] about Ba Ria-Vung Tau plans coastal cities towards sustainable development

The year 2019 marks the 25th anniversary of the United Nations Convention on the Law of the Sea 1982 (UNCLOS 1982) and also the 25th year since Vietnam ratified the convention. Ships are docking at Truong Sa archipelago's Da Lat island. (Photo: VNA) On the occasion, Dr. Le Thi Tuyet Mai, a member of the Executive Board of Vietnam Society of International Law, Chair of Vietnam Lawyers Association Branch at the Ministry of Foreign Affairs, Director General of Department of International Law and Treaties, wrote an article entitled “UNCLOS 1982: Overarching framework for establishing the legal order for the seas and oceans, promoting development and cooperation at sea.” The following is the full text of the article. “On June 23, 1994, the National Assembly of Vietnam adopted the Resolution ratifying the 1982 United Nations Convention on the Law of the Sea (UNCLOS)[2]. This year marks the 25th anniversary of the entry into force of UNCLOS and the ratification and … [Read more...] about UNCLOS 1982 – overarching framework for establishing legal order for seas and oceans, promoting development cooperation at sea

Between the Socialist Republic of Viet Nam and the Netherlands 1. At the invitation of H.E Mr. Nguyen Xuan Phuc, Prime Minister of the Socialist Republic of Viet Nam, H.E. Mr. Mark Rutte, Prime Minister of the Netherlands, paid an official visit to Viet Nam on 9 April 2019. During the visit, Prime Minister Mark Rutte held official talks with Prime Minister Nguyen Xuan Phuc, met with General Secretary, State President Nguyen Phu Trong and President of the National Assembly Nguyen Thi Kim Ngan. 2. The official talks were held in an atmosphere of friendship, mutual trust and understanding. During the talks, the two leaders updated each other of developments in their respective countries, discussed ways and means to further advance the bilateral relations, and exchanged views on international and regional issues of mutual interests and concerns. 3. Both sides expressed satisfaction over the successive steps forward in the bilateral cooperation in a wide range of areas from … [Read more...] about VN-Netherlands issue Joint Statement

Illustration photo Managing construction costs Decree 68/2019/ND-CP, dated August 14, 2019 of the Government on the management of construction investment costs, took effect since October 1, 2019.  The construction costs must be conformable to the project execution plan, the market prices in the area of the project and expected fluctuation of price during the investment process. The principles and methods used to determine the construction costs must be conformable to regulations of this Decree and the nature and characteristics of the infrastructure works the following programs: (1) the national target program for sustainable poverty reduction; (2) the national target program for new-style rural area development; Public assets for BT investment  Decree No. 69/2019/ND-CP of the Government dated August 15, 2019, on the use of public assets to pay investors when implementing construction investment projects in the form of build-transfer contract (BT) took effect on … [Read more...] about Fresh policies take effect from October

IIlustration photo The project has a total investment of US$2 million sourced from the Urban Climate Change Resilience Trust Fund (UCCRTF) managed by the ADB. Disaster risk financing (DRF) helps prepare the financial sources before loss events occur, thus helping to minimize the impactson capital flows. These grants are flexible and can be adjusted to suit the features of disasters and the characteristics of risks. DRF tools often include savings, funds, credit, contingent credit, insurance, public debt and budget allocations. Each tool has its own strength and weakness, and is often used together. Some activities occur before the event and some occur after the incident. Vice Chairman of the provincial People’s Committee Nguyen Van Phuong said ADB is one of the leading units in supporting Thua Thien-Hue to minimise natural disaster risks in recent years. … [Read more...] about ADB launches disaster risk financing project for Hue city