Infrastructure

Infrastructure Site clearance problems among transport projects to be resolved soon: PM By Thanh Thom Thursday,  Dec 5, 2019,19:38 (GMT+7) Site clearance problems among transport projects to be resolved soon: PMBy Thanh Thom Trung Luong-My Thuan expressway is under construction in the Mekong Delta province of Tien Giang. The Government leader has ordered the Ministry of Transport and the concerned localities to fast-track site clearance for the long-delayed project – PHOTO: VNA HCMC – Prime Minister Nguyen Xuan Phuc has asked 10 cities and provinces to speed up the execution of key transport infrastructure projects, with a focus on removing obstacles to site clearance, according to his newly issued directive. The Ministry of Transport has cooperated with other ministries, agencies and local governments to execute a number of major transport projects, which have achieved positive results in improving the … [Read more...] about Site clearance problems among transport projects to be resolved soon: PM

Major changes in the area’s infrastructure include the expansion of Hanoi Highway, constructions of two bridges leading towards the East entrance to HCMC, and upgrades to parts the tunnel along Suoi Tien Theme Park. These transportation frameworks greatly facilitate traveling and transshipment between the southeastern and southwestern provinces and HCMC. Besides completing the Ben Thanh - Suoi Tien metro line, the city will continue a series of infrastructure projects such as a frontage road to Ho Chi Minh City - Long Thanh - Dau Giay expressway, and expansion of several routes such as Nguyen Duy Trinh and Nguyen Thi Dinh. However, Hanoi Highway and the closure of Ring Road 2, two major projects that started more than a decade ago have not been completed. The three sections of Ring Road 2 would cost about VND14,000 billion (about US$600 million), most of which would make use of the state budget, according to HCMC Department of Transportation. Meanwhile, the intersection at … [Read more...] about Bright future ahead for HCMC’s East section

Friday's Tale Chaotic condotel business By Son Nguyen Thursday,  Dec 5, 2019,20:42 (GMT+7) Chaotic condotel businessBy Son Nguyen All are in a mess – for State agencies, localities, businesses, and property buyers – after the owner of the property project Cocobay in Danang City announced that it could no longer live up to its promise of paying an annuity of 12% for buyers of its condotel units. The shockwave is felt, not only because of the extent of imminent damages caused by the project’s failure as Cocobay is probably the biggest condotel project in the country. Rather, it is because the collapse of this business model at Cocobay is seen having a domino effect on a business sector that has shot to “stardom” lately. Confusion is also seen as authorities rush to handle projects that are now moving to brinksmanship in the absence of a legal framework. The collapse, say experts, is just a matter of … [Read more...] about Chaotic condotel business

Phu Yen envisages to count $200 million in total export value in 2020 The province determined that 2020 will be a decisive year in fulfilling its five-year socio-economic development plan for 2016-2020 and creating motivation for 2021-2025. Next year will also mark major political events, such as the 17th provincial Party Congress and the 13th National Party Congress, as well as celebration activities of Phu Yen's 45th year since liberation. Leveraging comprehensive assessments of the advantages and disadvantages the province would face in the forthcoming year, Phu Yen People's Committee has set up key targets: 8.35 per cent growth in the province's gross regional domestic product (GRDP), in which agriculture, forestry, and fisheries will see 3.5 per cent growth; industry and construction 13.2 per cent, and services 7.5 per cent. Phu Yen envisages reaching $200 million in total export value, VND9 trillion ($391.3 million) in total budgetary revenue, and VND22.3 trillion ($969.57 … [Read more...] about Phu Yen targets $400 million budgetary revenue in 2020

The workshop on April 12 discusses the development of an “innovation urban area” in HCM City (Photo: VNA) HCM City (VNA) – An international workshop was held in Ho Chi Minh City on April 12 to discuss the development of an “innovation urban area” in the southern metropolis. The innovation urban area will be at the core of the city’s industrial revolution 4.0, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen told the workshop titled "An Innovation District in HCM City: Towards a Strategic Roadmap". Governance of the innovation hub would be done online and be transparent and without red tape, he said, adding it would strongly develop smart transport and environmental protection. The idea for the hub had been mooted by the city’s Party Secretary Nguyen Thien Nha, who had suggested basing it around the High-tech Park in District 9, the National University in Thu Duc District and the proposed Thu Thiem Urban and … [Read more...] about HCM City studies innovation urban area development