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The State encourages all economic sectors to participate in developing social housing for workers and low-income people. Accordingly, the Prime Minister proposed that by August 15, the People’s Committees of all provinces reported to the Ministry of Construction about ongoing building projects for social housing, projects already identifying locations and investment plans but not yet started, potential land resources for social housing, new social housing projects (number of houses, construction area, specific progress of each project) to meet the local demands. In August, the Construction Ministry will cooperate with the Ministries of Planning and Investment, Finance, Natural Resources and Environment, Justice, as well as the State Bank of Vietnam, related agencies to develop the project ‘Building at least 1 million Social Houses for the Low-Income, Workers in Industrial Parks from 2021-2030’ for the Prime Minister to review and approve. All localities must publicly announce … [Read more...] about At least 1 million houses for low-income workers to be built by 2030

A feasibility study contract was signed at the end of last month by MTBS and the investor of a superport in northern Vinh Phuc province, 60km from Hanoi. Construction began last December for the Vinh Phuc Inland Container Depot Logistics Cente, to be known as Vietnam SuperPort. It is funded by YCH Group, a Singaporean integrated end-to-end supply chain management and logistics partner, and Vietnamese conglomerate T&T Group. A graphic design of the Vinh Phuc ICD Logistics Centre (Source: vietnamnet.vn) The $200 million, 83-hectare land plot with a designed cargo capacity of about 850,000 TEU will be finished before 2025. According to YCH Group, the SuperPort project will adopt technological advancements such as AI and automation that will help future-proof the logistics industry and enable the delivery of a more integrated, faster, safer, and more sustainable supply chain. Over the past 20 years, Singaporean developers have also entered Vietnam to build hundreds … [Read more...] about More green property trends incoming

The UK-Viet Nam Free Trade Agreement (UKVFTA), which officially took effect on May 1, 2021, has helped not only boost the bilateral trade between the two markets but also bring the door wide open for the investment of UK companies in Viet Nam. Viet Nam News talks to CEO of HSBC Viet Nam Tim Evans and Nitin Kapoor, Chairman and General Director of AstraZeneca Vietnam and Asia Area Frontier Markets, about their plans for business in Viet Nam. How is your company doing business in Viet Nam? How will the UKVFTA help expand your business here? Tim Evans, CEO of HSBC Vietnam Evans : HSBC has been the leading international bank operating in Viet Nam for more than 150 years. As a bank with trade finance in our DNA, our mission has always been to be a bridge between local companies looking to transact internationally and international companies looking to transact locally. We are a full-service bank that deals with domestic and international companies, financial institutions … [Read more...] about UKVFTA opens doors for UK businesses in Viet Nam

President Joe Biden's team has been wrestling for months with various ways to ease the costs of duties imposed on Chinese imports during predecessor Donald Trump's tenure, as it tries to tamp down skyrocketing inflation. It has considered a combination of eliminating some tariffs, launching a new "Section 301" investigation into potential areas for additional tariffs, and expanding a list of tariff exclusions to aid U.S. companies that can only get certain supplies from China. Biden has not made a decision on the issue and all options remain on the table, the White House said. The tariffs make Chinese imports more expensive for U.S. companies, which, in turn, make products cost more for consumers. Bringing down inflation is a major goal for Biden, a Democrat, ahead of the November midterm elections, which could shift control of one or both houses of Congress to Republicans. But Beijing's response to U.S. House Speaker Nancy Pelosi's visit last week to Taiwan triggered a … [Read more...] about US rethinks steps on China tariffs in wake of Taiwan response: sources

An overview of the session (Photo: VNA) Hanoi (VNA) – Minister of Public Security Gen. To Lam on August 10 stressed the need for each individual to protect personal information, especially on the cyberspace, when responding to deputies’ queries regarding the disclosure and sale of personal information on social networks at a Q&A session during the National Assembly (NA) Standing Committee’s 14th meeting. Lam said that the problem of personal information disclosure in the world and Vietnam is alarming, while the legal corridor on this issue has not been completed, and people's awareness of personal information protection remains low. Therefore, the Ministry of Public Security has implemented a number of solutions, firstly building and perfecting the legal corridor on personal data protection. He said that the ministry is submitting to the Government for approval a decree on personal data protection, and plans to study and consult the Government to submit to the NA for … [Read more...] about Individuals should be aware of personal information protection: Minister

Prime Minister Pham Minh Chinh chairs the meeting on August 10 (Photo: SGGP) This State Steering Committee is formed to help the Government, the Prime Minister in the implementation of national key transport projects of Ho Chi Minh Highway, the East part of the North-South Expressway, Ben Luc – Long Thanh Expressway, Khanh Hoa – Buon Ma Thuot Expressway, Bien Hoa – Vung Tau Expressway, Chau Doc – Can Tho – Soc Trang Expressway, Ring Road No.4 in Hanoi, Ring Road No.3 in HCMC, the North-South high-speed rail, Long Thanh International Airport, and other necessary traffic facilities projects. The effective implementation of these projects would contribute to completing the three strategic breakthroughs set forth in the Resolution of the 13 th Congress of the Central Party Committee so that localities can receive sufficient economic boost. The Prime Minister informed that the total investment capital for all of the above projects reaches over VND500 trillion (US$21,4 billion), not … [Read more...] about Resolutions on Hanoi’s Ring Road No.4, HCMC’s Ring Road No.3 to be issued