Mr. Nguyen Duc Hien, Deputy Head of the Central Economic Committee, said that over the past ten years, urbanization and urban development in Vietnam had seen rapid growth, promoting the country's economic development and achieving many set targets. The space and number of urban areas have increased rapidly from 33.5 percent in 2010 to nearly 39 percent in 2020. Urban areas were evenly distributed, creating a nuclear driving force for the process of socio-economic development. The urban economy is one of the three pillars of the economy, accounting for more than 7 percent of the country's gross domestic product (GDP). However, urbanization and urban development still show many shortcomings, such as the risk of imbalance in development between urban and rural areas, overloaded infrastructure, and asynchronous connection. Assessing the real estate market recently, Mr. Nguyen Van Sinh, Deputy Minister of Construction, said that the development of the real estate market is not sustainable. … [Read more...] about Urbanization spurs socio-economic development
Minister of development
VNPAY was granted a licence by the State Bank of Việt Nam for using QR codes in 2011. The QR code payment technology takes advantage of available banking infrastructure and mobile phone utilities to bring a quick, convenient and safe payment method to both sellers and buyers. … [Read more...] about VN PAY recorded as only QR code developer on mobile banking apps
David Knapp, General Director of Motorola Vietnam meanwhile said the impacts brought by the country's accession to the WTO will help increase the market's demand and make the whole economy continue developing, thus creating opportunities for ICT development. … [Read more...] about Vietnam’s ICT ready for stronger development in 2007
Pia gave birth to her second son, K’Rể, after eight months of pregnancy in 2009. At birth, K’Rể weighed just 600g and was the length of a hand. They thought his small size was due to being born prematurely. However, at the age of seven, K’Rể weighed 3kg and measured 50cm in height. He was unable to speak or walk normally. … [Read more...] about Việt Nam’s smallest boy dies
Vietnam to change tax, customs policy to encourage automobile industry Developing an automobile industry is a part of the strategy to turn Vietnam into a modern and industrialized country by 2030. More preferences for the industry will be offered in the time to come. … [Read more...] about When will taxes be lowered to reduce automobile prices?