Japanese developer Meada Group has recently expanded its portfolio in Vietnam by partnering up with domestic Thien Duc Company to build Waterina Suites, a high-end residential project in District 2 of Ho Chi Minh City. Waterina Suites invested by Maeda-Thien Duc According to Tetsuo Kida, general director of Meada-Thien Duc, the developer of Waterina Suites, this project will be a milestone of Japanese technology and style reaching the high-end segment of the Vietnamese property market. Different from other Japanese developers who are mostly involved in investment sharing or management projects in Vietnam, Meada will be directly involved in all steps of this project, from investment contribution, design, construction, project appraisal, and even project management after the construction is finished. Meada has been … [Read more...]

NDO – Prime Minister Nguyen Xuan Phuc will head a steering committee for implementation of measures to prevent traffic jams in Hanoi and Ho Chi Minh City, according to a recently released directive from the Government Office. Accordingly, traffic jams in the capital city of Hanoi and the southern economic hub of HCM City have become considerably worse, requiring comprehensive solutions and specific mechanisms and policies to deal with them. For that reason, PM Phuc requested the Ministry of Planning and Investment (MPI) to follow the Government's guidance in Document No. 6731/VPCP-CN dated June 29, 2017 by the Government Office on the establishment of the Steering Committee for implementation of anti-traffic congestion measures in Hanoi and HCM City. Under the document, the steering committee will be led by the PM. Its deputy heads include a deputy PM, the minister of Planning and Investment and chairpersons of the People's Committees of Hanoi and HCM City. The … [Read more...]

2017 was the second consecutive year Hai Phong City chose the topic “Strengthening budgetary collection and spending discipline, improving business investment environment.” This shows the very high political will of the Party and the Government of Hai Phong City in carrying out legal solutions to enhance the performance of State apparatus and build a popular administration. These efforts have resulted in significant strides in enhancing its provincial competitiveness index (PCI), with its rankings jumping up seven places to 21st position out of 63 provinces and cities in 2016. An enabling business environment has significantly helped the city to achieve economic growth targets and especially investment attraction (the city drew nearly US$3 billion of foreign direct investment (FDI) in 2016, leading the nation). To have an overall overview of changes in the business environment in Hai Phong City, … [Read more...]

By just over three years from now, Hai Phong City aims to achieve the goal of becoming an industrial city. This is a significant pressure on the Party, the government and the people of the coastal city. Not only being an industrial city, Hai Phong is shouldered the mission of being a large, highly competitive industrial service centre and capably boosting the northern economy. Expectations of integrating Hai Phong turn on it being a pillar of economic growth. After becoming a city over a century ago, Hai Phong was an open gateway to the ocean and to the world from the north of Vietnam. Prime Minister Nguyen Xuan Phuc outspokenly requested Hai Phong City, with its tradition, better infrastructure and strategic location in “two corridors - one belt” economic cooperation with China, to nurture the desire of becoming a smart city to make greater contributions to the national … [Read more...]

Nature endows Hai Phong City with huge tourism resources, with Do Son - a long-standing resort and Lan Ha Bay (Cat Ba) connecting with the world natural heritage of Ha Long Bay. Do Son and Cat Ba tourist resorts feature prominent comforts, landscapes and beaches. Cat Ba National Park, with its rich flora and fauna ecosystem - home to many rare and endemic species, has great potential for tourism development. In addition, humanistic tourism resources are very rich, with many historical sites, traditional villages and unique cultural festivals. Recently, the tourism sector of Hai Phong City has made impressive changes. The infrastructure system for tourism service development has been synchronously invested, especially Cat Bi International Airport with many new routes (connecting Hai Phong with other tourist centres such as Khanh Hoa, Da Lat, Phu Quoc and other nations like South Korea and Thailand); … [Read more...]

Illustrative image (Source: VNA)     HCM City (VNA) - Vietnam’s tourism market offers huge opportunities for start-up companies if they promptly seize technological trends to create special and unique tourism products, heard a workshop in Ho Chi Minh City on July 20. A report delivered at the workshop, jointly organised by the Saigon Innovate Hub (SiHub) and the Start-up Vietnam Foundation (SVF), showed that tourism has been identified as a spearhead economic sector in the near future, with the target of luring 17-20 million international tourists and serving 82 domestic holidaymakers by 2020. Nguyen Quoc Ky, Director General of the Vietravel Company, underlined the need for research and development of start-up companies in tourism to secure domestic market share. Participants stressed that amid the technological boom, start-up companies need to grasp the … [Read more...]

At the event (Photo: dangcongsan.vn)   Hanoi (VNA) – The Party Central Committee’s Economic Commission, the Steering Committee for Northwestern Region and the Transport Ministry held a conference in Hanoi on July 20 to discuss developing transport infrastructure in the northwest.  Speaking at the event, head of the Party Central Committee’s Economic Commission Nguyen Van Binh underscored the significance of the effort, saying that it will fuel socio-economic development and ensure national defence-security in the region and the country. Deputy head of the Steering Committee for Northwestern Region Nguyen Canh Viet said road transportation plays the most important role in the region with 3,718 out of 6,730km of national highway being completed. The highways connecting Hanoi with Yen Bai and Lao Cai, Thai Nguyen and Bac … [Read more...]

Ben Tre, July 20 (VNA) – Prime Minister Nguyen Xuan Phuc urged Ben Tre to prioritise land funds for investors while attending an investment promotion conference in the Mekong Delta province on July 20.  To attract investors, the province should also ensure supply of electricity, develop transport system and providing high-quality human resources, the PM said.  He stressed that local authorities should accompany businesses, share their concern and work together with them to remove difficulties.  PM Phuc particularly pointed to the motto of turning threats into opportunities.  For example, Ben Tre is one of the localities hardest hit by climate change, so the province must seek new policies, technologies and connectivity models to cope with the threat, the PM said.  He added that during his recent official visit to Japan, the Government had signed an … [Read more...]

To attract investors, the province should also ensure supply of electricity, develop transport system and providing high-quality human resources, the PM said. He stressed that local authorities should accompany businesses, share their concern and work together with them to remove difficulties. PM Phuc particularly pointed to the motto of turning threats into opportunities.  For example, Ben Tre is one of the localities hardest hit by climate change, so the province must seek new policies, technologies and connectivity models to cope with the threat, the PM said. He added that during his recent official visit to Japan, the Government had signed an agreement with Japan on a water management project in Ben Tre worth nearly VND9 trillion (US$396 million).  In the coming time, PM Phuc will chair a meeting with the participation of the … [Read more...]

All regulations to guide the implementation of the National Assembly’s resolution on settling non-performing loans must be issued before August 15. — Photo vaytien.com Prime Minister Nguyen Xuan Phuc on Wednesday took action so that the National Assembly’s (NA) new resolution on bad debt settlement could be applied from August 15. The PM issued Directive 32/CT-TTg, stating that all regulations to guide the implementation of the NA resolution on settling non-performing loans must be issued before August 15, the date the resolution takes effect, a move that reflects the Government’s determination to settle bad debts. Under the directive issued on Wednesday, Phuc has assigned the Ministry of Justice to direct the enforcement agencies at all levels to rapidly settle lawsuits, which have taken legal effect, related to bad debts of credit institutions and the Viet Nam Asset Management Company … [Read more...]

Prime Minister Nguyen Xuan Phuc (Photo: VNA) Ben Tre (VNA) – Prime Minister Nguyen Xuan Phuc urged Ben Tre to prioritise land funds for investors while attending an investment promotion conference in the Mekong Delta province on July 20. To attract investors, the province should also ensure supply of electricity, develop transport system and providing high-quality human resources, the PM said. He stressed that local authorities should accompany businesses, share their concern and work together with them to remove difficulties. PM Phuc particularly pointed to the motto of turning threats into opportunities. For example, Ben Tre is one of the localities hardest hit by climate change, so the province must seek new policies, technologies and connectivity models to cope with the threat, the PM said. He added that during his recent official … [Read more...]

The signing ceremony between the two companies. — VNS Photo Dutch-owned company Royal HaskoningDHV on Wednesday signed a contract with the Ba Ria - Vung Tau Urban Sewerage and Development Company for a complete wastewater solution benefiting over 175,000 residents of the Phu My New Urban Area. As part of the Facility for Infrastructure Development (ORIO programme) in developing countries financed by the Dutch Government, the 9.5 million euro (US$10.9 million) project will deliver sanitation to residents and industries whose wastewater is currently discharged untreated, resulting in severe pollution. A sewage plant will be built using the company’s bio-technology which is used in some 1,500 wastewater treatment plants around the world. It would have a capacity of almost 30,000 cubic metres a day, the company said. The company will also build four pumping stations, install 100km of pipels and … [Read more...]

The event saw the participation of senior officials from 14 Vietnamese cities and provinces, and nearly 200 businesses from both sides, source from Vietnamnews. Speaking at the ceremony, Deputy Foreign Minister Lê Hoài Trung said China has been Việt Nam’s largest trade partner for 13 consecutive years. The countries’ two-way trade touched US$72 billion last year, or one-fifth of Việt Nam’s total export. Last year, China ranked eighth among the top 10 foreign investors in Việt Nam, with a total registered capital of US$10.5 billion. Two-way trade between Việt Nam and Guangdong and Hong Kong reached $17 billion and $6.09 billion, respectively. As of March, Hong Kong was sixth among the top 10 foreign investors, with a total registered capital of $17 billion. Trung said he was optimistic that bilateral ties would thrive, given that the Vietnamese economy has maintained a growth of over 6 per cent despite … [Read more...]

The event saw the participation of senior officials from 14 Vietnamese cities and provinces, and nearly 200 businesses from both sides, source from Vietnamnews. Speaking at the ceremony, Deputy Foreign Minister Lê Hoài Trung said China has been Việt Nam’s largest trade partner for 13 consecutive years. The countries’ two-way trade touched US$72 billion last year, or one-fifth of Việt Nam’s total export. Last year, China ranked eighth among the top 10 foreign investors in Việt Nam, with a total registered capital of US$10.5 billion. Two-way trade between Việt Nam and Guangdong and Hong Kong reached $17 billion and $6.09 billion, respectively. As of March, Hong Kong was sixth among the top 10 foreign investors, with a total registered capital of $17 billion. Trung said he was optimistic that bilateral ties would thrive, given that the Vietnamese economy has maintained a growth of over 6 per cent despite … [Read more...]

Viet Nam has great tourism potential. — Photo baochinhphu.vn Viet Nam has great tourism potential but the country needs appropriate policies to create breakthroughs to develop tourism into a spearhead industry and affirm its position on the global tourism map, experts have said. At a recent conference, experts discussed measures to remove difficulties to unlock the US$35 billion industry in preparation for the second Viet Nam Private Sector Forum (VPSF), which will take place in Ha Noi at the end of this month. Tran Trong Kien, head of the working group on tourism of VPSF, said promotion was critical to boost tourism but had not been paid adequate attention. Kien said Viet Nam spent $2 million on promoting tourism, which was modest in comparison with other countries in the region. In addition, Viet Nam needed to develop a sustainable and friendly tourism industry to encourage tourists to … [Read more...]

Deputy Foreign Minister Le Hoai Trung at the event. — Photo VNA A seminar on the economic and trade co-operation between Viet Nam and Guangdong-Hong Kong (China) was held in Ha Noi on Wednesday. The event saw the participation of senior officials from 14 Vietnamese cities and provinces, and nearly 200 businesses from both sides. Speaking at the ceremony, Deputy Foreign Minister Le Hoai Trung said China has been Viet Nam’s largest trade partner for 13 consecutive years. The countries’ two-way trade touched US$72 billion last year, or one-fifth of Viet Nam’s total export. Last year, China ranked eighth among the top 10 foreign investors in Viet Nam, with a total registered capital of US$10.5 billion. Two-way trade between Viet Nam and Guangdong and Hong Kong reached $17 billion and $6.09 billion, respectively. As of March, Hong Kong was sixth among the top 10 foreign investors, … [Read more...]

NDO – Measures to promote the development of transport infrastructure in the Northwestern region were discussed at a workshop, jointly held by the Steering Committee for the Northwestern Region and Ministry of Transport (MoT), in Hanoi on July 20. The event was attended by Head of the Steering Committee for the Northwestern Region Nguyen Van Binh, Minister of Transport Truong Quang Nghia and Standing Deputy head of the Northwest Steering Committee Hau A Lenh, along with delegates from the Ministry of Finance, the Ministry of Planning and Investment, The State Bank of Vietnam and 14 northwestern provinces. The conference aims to assess the current situation of transport network in the region, review the master plan and development plan until 2020, with orientations to 2030 as well as solve difficulties and propose measures to develop transport infrastructure in region. Addressing the workshop, Head of the Steering Committee for the Northwestern Region Nguyen Van Binh … [Read more...]

NDO – Prime Minister Nguyen Xuan Phuc has urged Ben Tre to prioritise land funds for investors in the fields of aquaculture, hi-tech agriculture and the manufacturing industry while addressing an investment promotion conference held in the Mekong Delta province on July 20. The PM highlighted Ben Tre’s advantages in terms of natural conditions as well as its geographical position near the country’s largest economic centre, Ho Chi Minh City, noting that the province’s leading strategic goal is to attract large investors that have strengths in advanced-technology, financial capital and management skills, and foresee their opportunities closely associated with Ben Tre’s unique conditions. From that point of view, he recommended four elements that should be facilitated by Ben Tre in order to draw investors to the province, including the land fund for investors, infrastructure, a facilitative government and skilled human resources. In addition to … [Read more...]

Le Thanh Liem, deputy chairman of the HCM City People’s Committee, said being a major economic and cultural centre of Viet Nam, the city considers Laos a strategic and promising market for investment and trade. — VNS Photo Three central Laos provinces, Savannakhet, Khammouane, and Bolikhamxay, sought investment in many sectors at a conference held in HCM City on Wednesday. The three are strategically located along the East-West Economic Corridor. Savannakhet, which lies west of Quang Binh and Quang Tri provinces and east of Thailand, is offering incentives for investments in high-tech, clean and organic agriculture, agricultural and forestry processing, sustainable tourism, education, healthcare, infrastructure, banking and development of modern trading centres among others. Santiphab Phomvihane, Secretary and Governor of Savannakhet, said the province is suitable for infrastructure development, especially in … [Read more...]

Netherlands-based firm Royal HaskoningDHV has signed a €9.5-million ($11 million) contract with Ba Ria-Vung Tau Urban Sewerage and Development Company (BUSADCO) to implement a complete wastewater solution for over 175,000 residents of Phu My New Urban Area, near Ho Chi Minh City. Signing ceremony between Royal HaskoningDHV and BUSADCO The project will deliver sanitation for residents and industries whose wastewater is currently discharged untreated, resulting in high levels of environmental pollution. The Dutch government is financing the project as part of its Facility for Infrastructure Development (ORIO programme) in developing countries. The sewage plant will use Royal HaskoningDHV's Carrousel technology for the biological treatment of municipal and industrial wastewater. The new plant will have a treatment capacity of almost 30,000 cubic metres per day. The … [Read more...]