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Ho chi mi city

Ho Chi Minh City won’t trade environment for economic growth: chairman

March 9, 2021 by tuoitrenews.vn

Ho Chi Minh City will not trade the environment for economic growth, chairman of the municipal People’s Committee Nguyen Thanh Phong said at a tree planting and environmental sanitation campaign in Thu Duc City on Sunday.

Speaking at the event, chairman Phong stated that planting trees reflects the cultural beauty of Ho Chi Minh City and is a practical activity given the ongoing climate change.

“Since 2011, environmental protection has been included in one of the city’s seven breakthrough programs,” the official stated.

“During the 2021-25 period, Ho Chi Minh City will strive to add an extra 600 hectares of parks and 20 hectares of green areas.”

The people and government of Ho Chi Minh City, and Thu Duc City in particular, will join hands to make the southern metropolis a green, clean, and beautiful city, Phong remarked.

Such activities will help spread the message of environmental protection and combat climate change, while spurning the country’s effort to plant one billion trees.

Hoang Tung, chairman of the Thu Duc City People’s Committee, said that rapid urbanization has brought about a lot of environmental challenges.

Officials of Thu Duc City are pictured at the launching ceremony of the tree planting campaign on March 7, 2021. Photo: Le Phan / Tuoi Tre

Officials of Thu Duc City are pictured at the launch of a tree planting campaign on March 7, 2021. Photo: Le Phan / Tuoi Tre

Many residents are still littering on local streets and dumping garbage into canals, which exacerbates inundation and pollution.

“To deal with the issue, Thu Duc City has launched tree planting events at three locations and in 34 wards to expand urban green space,” Tung said.

“Through these activities, we hope to raise awareness of environmental protection among local residents.”

Thu Duc City has set a goal of planting one million green trees during the 2021-25 period, the official added.

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Investors feel insecure about Ho Chi Minh City Stock Exchange congestion, move to other bourses

March 9, 2021 by bizhub.vn

Two investors look at stock prices on a laptop in HCM City. — Photo courtesy of Vietnambiz.vn

The chronic congestion on the Ho Chi Minh City Stock Exchange (HoSE) has caused losses for retail investors, making them insecure.

Instead of congestion, and errors, only in the afternoon or near the close like previously, errors are now occurring even in the morning.

For example, on March 5, just after the market opened, the security live board froze and failed to show realtime prices.

Nguyen Kha, a veteran investor in HCM City, said he punched in an order to sell HBC shares on March 3 when it jumped to above VND18,500 (US$804 million), but only half his order was matched, and in the next few days had to sell at below VND18,000 since he needed money, losing VND1,000 per share.

Another investor on HoSE said he has been in a constant state of insecurity recently and cannot do any other work after placing orders since one needs to watch the screen to see if the order is matched.

This insecurity has caused many investors to switch to trading on the Hanoi Stock Exchange (HNX) and UPCoM, causing shares there to skyrocket in terms of both price and trading.

On March 4 UPCoM saw trading worth VND1.7 trillion, twice the normal average.

Drastic solutions

To tackle the overload at HoSE, the State Securities Commission (SSC) said it is speeding up installation of a new trading system provided by the Korean Exchange (KRX).

Last week it instructed the temporary transfer of shares from HoSE to HNX to much acclaim from both investors and analysts, but a difficult task since listed companies need to get approval from their shareholders.

Besides, it could take securities companies one to two months to meet the technical changes involved in identifying the shares transferred to the HNX.

Some need even six to nine months.

Dr Nguyen Van Thuan of the University of Finance and Marketing told Thanh Nien (Youth) newspaper however that since this solution has the least impact on investors and companies, the SSC could make it not mandatory for companies to get approval.

The settlement between the two exchanges and securities companies is an internal issue, and so the switch could be accelerated, he pointed out.

If the problem lasts much longer, not only investors but also the stock market and the economy itself would suffer badly, he added. — VNS

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Bustle at Ho Thi Ky flower market, increased online orders on Int’l Women Day

March 8, 2021 by sggpnews.org.vn

Ho Thi Ky flower street in HCMC’s District 10 became hustle and bustle and the number of online flower orders increased significantly on the day. Roses and flowers for the special day are in high demand.
This year, the price of fresh flowers market is higher than the previous year.
From the afternoon of March 6, many trucks carrying roses flocked to flower stores on Ho Thi Ky Flower Street, throng of flower lovers were busy at shopping, making the street more crowded than usual. This year, stores have a variety of flowers with different types to satisfy customers’ tastes such as Da Lat roses, hydrangeas, flowers imported abroad such as Ecuadorian roses, Dutch marbles, wax flowers, Persian buttercups, …
Especially, Diem Chi flower store has peony chrysanthemum imported from Malaysia – a new type of flower chosen by many customers. Besides, Ecuardo roses and Dutch marbles are also popular.
Manager of Diem Chi Flower Store Truong Thi My Hue said that this year, the store has a new type of flower called peony chrysanthemum, which is the best-seller in the store and is out of stock on March 5. However, she added that the price of Ecuardo rose this year is higher than last year because of the Covid-19 pandemic and flowers had been sold out in Tet holiday (the Lunar New Year) before. Presently, the not many flowers in full bloom are left, so the price is slightly higher than usual.
The price of peony chrysanthemum imported from Malaysia is currently ranging from VND45,000 to 50,000 a flower while Da Lat peony daisy is VND 30,000 a flower, Ecuardo rose is VND 380,000 a bunch of 10 flowers and a bunch of 50 Da Lat red rose costs VND 200,000.
Elsewhere in the city, employees of the Love Flower Store in District 3 were busy with soaring orders; flowers are at a high demand; therefore, flower store florists work hard to promptly deliver fresh bunches of flowers to customers. Da Lat rose, sunflower, lisianthus, different kinds of daisy, carnation have been popularly selected in these days.
In addition to fresh flowers, city dwellers opted for jewelry as presents to their beloved women. The number of customers increased by 30 percent  than usual days.

By staff writers – Translated by Uyen Phuong

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HCM City to focus on major, urgent transport projects

March 8, 2021 by en.vietnamplus.vn

HCM City to focus on major, urgent transport projects hinh anh 1 An overview of the meeting (Photo: VNA)

HCM City (VNA) – Ho Chi Minh City will focus investment on major and urgent transportation projects facilitating regional connectivity, heard a working session of the municipal People’s Committee’s working group on the 2021 plan of the municipal Department of Transport on March 8.

Tran Quang Lam, Director of the municipal Department of Transport, said that the city will speed up the preparation of investment and propose investment plans for major and urgent projects linking regional localities as well as industrial parks and clusters, as well as export processing zones and seaports.

The projects include Belt Roads No. 2 and 3, HCM City-Moc Bai Expressway, Nguyen Khoai road’s bridge, National Highways No. 50 and 22, Can Gio bridge, and overhead roads.

At the same time, the city will launch infrastructure serving the eastern interactive urban area – Thu Duc city, while applying measures to speed up the progress of important projects.

Lam said that the department will coordinate with the Department of Planning and Architecture and the People’s Committee of Thu Duc city as well as districts to adjust their transport infrastructure planning, especially for projects linking regions of the city as well as between the city and provinces in the southern key economic region.

At the session, Vice Chairman of the municipal People’s Committee Le Hoa Binh asked the Department of Transport to pay greater attention to transport connectivity projects, especially those connecting with Long An, Tay Ninh, Dong Nai, Binh Duong, and Ba Ria-Vung Tau provinces. Meanwhile, the department should also focus on waterway projects which serve the connection with southern localities., he said.

He underlined the need to set a specific schedule for the completion of the Belt Roads No. 2, No. 3 and No. 4 to facilitate the city’s transport connectivity./.
VNA

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HCM City continues closure of discos, bars, karaoke parlors

March 9, 2021 by dtinews.vn

Ho Chi Minh City will continue the closure of discos, bars, karaoke parlors to ensure safety amid COVID-19 pandemic, while other service business types will be resumed from March 9.



Discos, bars, karaoke parlors in HCM City will continue to be closed (Photo: VNA)

Under a dispatch issued by the Chairman of the city People’s Committee on March 8, the city leader asked heads of departments, sectors and agencies to localities to continue strictly implementing directions of the Prime Minister, the National Steering Committee on COVID-19 Prevention and Control as well as the Health Ministry and the city in pandemic prevention and control measures, including the “5K message”.


Locals are advised to strengthen COVID-19 prevention and control measures, especially in wearing facemask in public places, washing hands, and keeping safe distance.

The city leader asked the Department of Information and Communications to strengthen communications on measures to prevent the spreading of COVID-19, especially the “5K message” – khau trang (facemask), khu khuan (disinfection), khoang cach (distance), khong tu tap (no gathering) and khai bao y te (health declaration).

So far, HCM City has seen 210 COVID-19 infections, including 68 domestically-transmitted cases. The city has spent 26 days without any new infections.

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Investors feel insecure about HCM City Stock Exchange congestion, move to other bourses

March 9, 2021 by vietnamnet.vn

The chronic congestion on the Ho Chi Minh City Stock Exchange (HoSE) has caused losses for retail investors, making them insecure.

Investors feel insecure about HCM City Stock Exchange congestion, move to other bourses
Two investors look at stock prices on a laptop in HCM City. — Photo courtesy of Vietnambiz.vn

Instead of congestion, and errors, only in the afternoon or near the close like previously, errors are now occurring even in the morning.

For example, on March 5, just after the market opened, the security live board froze and failed to show realtime prices.

Nguyen Kha, a veteran investor in HCM City, said he punched in an order to sell HBC shares on March 3 when it jumped to above VND18,500 (US$804 million), but only half his order was matched, and in the next few days had to sell at below VND18,000 since he needed money, losing VND1,000 per share.

Another investor on HoSE said he has been in a constant state of insecurity recently and cannot do any other work after placing orders since one needs to watch the screen to see if the order is matched.

This insecurity has caused many investors to switch to trading on the Hanoi Stock Exchange (HNX) and UPCoM, causing shares there to skyrocket in terms of both price and trading.

On March 4 UPCoM saw trading worth VND1.7 trillion, twice the normal average.

Drastic solutions

To tackle the overload at HoSE, the State Securities Commission (SSC) said it is speeding up installation of a new trading system provided by the Korean Exchange (KRX).

Last week it instructed the temporary transfer of shares from HoSE to HNX to much acclaim from both investors and analysts, but a difficult task since listed companies need to get approval from their shareholders.

Besides, it could take securities companies one to two months to meet the technical changes involved in identifying the shares transferred to the HNX.

Some need even six to nine months.

Dr Nguyen Van Thuan of the University of Finance and Marketing told Thanh Niên (Youth) newspaper however that since this solution has the least impact on investors and companies, the SSC could make it not mandatory for companies to get approval.

The settlement between the two exchanges and securities companies is an internal issue, and so the switch could be accelerated, he pointed out.

If the problem lasts much longer, not only investors but also the stock market and the economy itself would suffer badly, he added.

VNS

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