Railway construction project

Can Gio sea reclamation project comprises financial, economic subdivisions

February 25, 2021 by sggpnews.org.vn

Accordingly, subdivision C has a scale of 303.47hectares of land, which will become a financial, economic, commercial and service center with harbors, luxury resorts, villas, skyscrapers. This area will have an estimated population of about 26,300 people.

In addition, theme park, golf course, luxury resorts, townhouses, villas, apartments, commercial services, offices, hotels will be built in 771.05- hectare subdivision A with the maximum population of 65,113 people.

Meanwhile, subdivision B will have residential areas, tourism resorts, service facilities, urban green tree spaces and key technical infrastructure area on 586.88 hectares with a capacity of accommodating around 71,300 people.

Spreading over nearly 450 hectares, subdivision D will become a center for commercial, luxury resort, modern urban area with many townhouses and villas.

Can Gio sea reclamation tourist urban area project covering 2,870 hectares is invested by Can Gio Tourist Urban Joint Stock Company (CTC). After coming into operation, the urban area is expected to serve more than 228,000 residents and welcome nearly 9 million visitors per year.

The project was officially begun construction in 2007, and until now, the investor has completed the first phase with an area of 908 hectares and the second phase is being implemented with a total area of over 1,577 hectares.

The project has a total investment capital of VND217,054 billion (US$9.4 million) after expansion adjustment from 600 hectares to 2,870 hectares.

By Hanh Nhung–Translated by Huyen Huong

GEF-funded project proves effective

February 26, 2021 by en.vietnamplus.vn

Illustrative photo (Source: VNA)

Hanoi (VNA) – The “Energy Efficiency Improvement in Commercial and High-Rise Residential Buildings in Vietnam” ( EECB ) project is expected to complete some of its commitments in 2021.

Funded by the Global Environment Facility (GEF) through the UN Development Programme (UNDP), the project’s goals are to reduce the intensity of greenhouse gas emissions from Vietnam’s building sector and to improve energy utilisation at commercial and high-rise residential buildings in HCM City and Hanoi.

Completion will be achieved through the implementation of the three following components: improved enforcement of energy efficiency building codes, building market development support initiatives, and building EE technology applications and replications.

Each component comprises a number of complementary activities designed to remove barriers to the stringent enforcement of the revised EEBC, and for the greater uptake of energy-efficient technologies, systems, and practices in commercial and residential buildings.

Vu Ngoc Anh, Director of the Science and Technology and Environment Department at the Ministry of Construction, who is also EECB director, said the project will complete mechanisms recognising energy consumption and announcing information on energy consumption, along with documents guiding the design, construction, and assessment of energy-efficient projects.

It has already studied energy consumption at 250 projects and recognised energy-efficient facilities. Many training courses within its framework have been organised nationwide.

The project fulfilled 11 of 14 set targets, including major targets like providing consultation for the national target programme on the economical and efficient use of energy, and contributing opinions on the Law on Construction.

The project is supporting the Ministry of Construction in amending a decree on the management of projects and their quality, and other documents.

UNDP Deputy Resident Representative in Vietnam Sitara Syed said relevant parties have made great efforts over recent times. But, she added, they need to further their close coordination and flexibly adopt different solutions to optimise results brought about by the project./.

VNA

Land brokers rush to Binh Phuoc although airport project still being mooted

February 27, 2021 by english.thesaigontimes.vn

Land brokers rush to Binh Phuoc although airport project still being mooted

The Saigon Times

A piece of paper with an advertisement to sell land near the projected airport site in Binh Phuoc Province. Land brokers have rushed to Binh Phuoc’s Hon Quan District and inflated the land prices although the airport project remains on paper – PHOTO: TNO

HCMC – Although an airport project has only been proposed in Hon Quan District of Binh Phuoc Province and is still being considered by the competent agencies, a large number of land brokers have rushed to the district and inflated the prices of land lots in surrounding areas.

Over the last week, land brokers from HCMC, Hanoi and the neighboring localities of Binh Phuoc flocked to Hon Quan. Besides posting advertisements on social networks, they also took land buyers to visit the site proposed for the development of the airport, the local media reported.

They have advertised land lots measuring some 1,000 square meters each and put up them for sale at VND700-900 million each. They have also said that only a small number of people could buy the land.

According to the Hon Quan District government, the land price inflation and large gatherings of people are abnormal, posing a high risk of social disorder and Covid-19 infection.

The land price inflation may encourage local residents, especially the ethnic minority people, to sell agricultural land. Therefore, the competent agencies have been educating residents so that they are not tricked by land brokers who spread false information.

Due to the complicated situation, on February 26, the government of Hon Quan District asked the police and military forces to support communes in the district to handle large gatherings and those without face masks to prevent the Covid-19 infection, especially in the surrounding areas of the proposed airport site.

The authorities of communes and towns, especially Tan Loi and An Khuong communes, were asked to enhance the construction and land use management to promptly prevent illegal projects, the improper use of land and land violations and impose sanctions on violators.

The Binh Phuoc government had earlier proposed the Government and the Ministries of National Defense and Transport allow the province to manage the existing 100-hectare airport in the province to develop it into an airport that can be used for both civil and military purposes with an area of 400-500 hectares. The land for the airport expansion is public land and the expansion project was proposed to be executed under the public-private-partnership format.

Bắc Giang improves master plan on IPs development

February 27, 2021 by vietnamnews.vn

A view of Bắc Giang City. — Photo baodautu.vn

BẮC GIANG — The northern province of Bắc Giang is improving a master plan on the development of industrial parks (IPs) and complexes, as well as land use planning, according to it its provincial Party Committee.

The province is also refining a master plan on urban areas for the 2021-30 period to attract investment.

It built a project on supporting start-ups in the locality, towards strongly developing the private economy, and issued a list of projects in need of investment in the fields of agriculture and rural development.

The locality considered building mechanisms to support investment in hotel construction projects and high-end services.

In particular, Bắc Giang will step up administrative reform, improve the provincial competitiveness index, pool resources to build key socio-economic infrastructure while enhancing the quality of human resources and State management on projects.

The province will actively assist investors and businesses in tackling difficulties and accelerating projects, especially those regarding infrastructure construction and business in IPs.

From 2016 to the end of 2020, the province drew 909 projects worth over US$5.88 billion, marking a 3.5-fold rise from 2011-2015, 616 of them were domestic ones with total registered capital of over VNĐ55.7 trillion, and $3.84 billion were foreign direct investment.

It is now home to 1,786 valid projects, including 1,311 domestic ones worth more than VNĐ92.2 trillion and 475 foreign-invested ones valued at over $6.2 billion. Projects are mostly in industry with 54.3 per cent, trade and services with 40.5 per cent, and agriculture with 5.6 per cent.

Since 2016, Bắc Giang has granted licences to over 6,000 enterprises and 705 branches and representative offices, with a combined registered capital of more than VNĐ64.3 trillion. Its gross regional domestic product has expanded by 14 per cent annually.

Cumulatively, there are 10,837 businesses so far in the province, including 466 foreign ones with a registered capital of $3.542 billion and more than 10,300 others with over VNĐ84.9 trillion. — VNS

Bac Giang improves master plan on IPs development

February 27, 2021 by bizhub.vn

A view of Bac Giang City. — Photo baodautu.vn

The northern province of Bac Giang is improving a master plan on the development of industrial parks (IPs) and complexes, as well as land use planning, according to it its provincial Party Committee.

The province is also refining a master plan on urban areas for the 2021-30 period to attract investment.

The locality considered building mechanisms to support investment in hotel construction projects and high-end services.

In particular, Bac Giang will step up administrative reform, improve the provincial competitiveness index, pool resources to build key socio-economic infrastructure while enhancing the quality of human resources and State management on projects.

The province will actively assist investors and businesses in tackling difficulties and accelerating projects, especially those regarding infrastructure construction and business in IPs.

From 2016 to the end of 2020, the province drew 909 projects worth over US$5.88 billion, marking a 3.5-fold rise from 2011-2015, 616 of them were domestic ones with total registered capital of over VND55.7 trillion, and $3.84 billion were foreign direct investment.

It is now home to 1,786 valid projects, including 1,311 domestic ones worth more than VND92.2 trillion and 475 foreign-invested ones valued at over $6.2 billion. Projects are mostly in industry with 54.3 per cent, trade and services with 40.5 per cent, and agriculture with 5.6 per cent.

Since 2016, Bac Giang has granted licences to over 6,000 enterprises and 705 branches and representative offices, with a combined registered capital of more than VND64.3 trillion. Its gross regional domestic product has expanded by 14 per cent annually.

Cumulatively, there are 10,837 businesses so far in the province, including 466 foreign ones with a registered capital of $3.542 billion and more than 10,300 others with over VND84.9 trillion. — VNS

Intel Products Vietnam increases value of high-tech investment SHTP

February 18, 2021 by sggpnews.org.vn

The importance of IPV to Intel

Intel invested another $475 million in IPV – the single assembly and test plant with the largest cleanroom facility within Intel Assembly and Test (ATM) network based in SHTP . This is a new investment besides the $1-billion investment of Intel to build the most modern chip assembly and test plant at SHTP, first announced in 2006. Thus, the total investment of Intel at SHTP is now nearly $1.5 billion.

With this additional investment, IPV will increase the production of Intel’s 5G products, Intel Core processors with Intel Hybrid technology, and the 10th generation Intel Core processors. In November 2006, Intel announced a $1 billion investment to build a 47,000-square-meter cleanroom facility in SHTP. It is a project with strategic importance, associated with the establishment and development of SHTP in particular, and high technology in HCMC in general. It is also the largest US high-tech investment project in Vietnam.

Up to now, IPV is the largest manufacturing, assembly, and testing facility in the Intel Assembly and Testing network and one of the nine manufacturing facilities that Intel has globally. Since its operation in October 2010, IPV has created more than 5,000 jobs for high-skilled domestic workers in many fields. “In March 2020, IPV held a celebration marking the two-billionth product produced at IPV based in SHTP. We are very proud of this important milestone, which proves the importance of IPV along with Intel in meeting the needs of customers around the world. This is also the reason why we continue to invest in our facility and team in Vietnam,” said Kim Huat Ooi, Intel Corporation Manufacturing and Operations-Vice President cum Intel Products Vietnam-General Manager.

Contributing to the development of local technology ecosystems

The IPV plant is an important part of the production chain of Intel worldwide. Along with Intel’s transformation from a CPU to a multi-architecture XPU company, IPV will continue to diversify and improve its operations to adopt more complex technologies and new products, allowing Intel to take advantage of new market opportunities.

At the ceremony to grant the adjusted investment registration certificate – investment expansion phase 1, Mr. Nguyen Anh Thi, Head of the Management Board of the SHTP said that Intel’s investment capital increase had a significant meaning to Vietnam, HCMC in general, and SHTP in particular. Especially in the difficult context that due to the impact of the Covid-19 pandemic, most enterprises were seriously affected. This also showed the confidence of Intel in the domestic human resources, as well as the stable investment environment in Vietnam. SHTP would continue to create the best conditions for Intel’s operations and would like to welcome more US investors, who are planning to invest and expand investment in Vietnam.

Not only was the production value created, but the added-value from investment was also expanded. The number of suppliers of Intel has increased sharply, from 20 suppliers in 2010 to around 180 in 2020. Intel has contributed to Vietnam’s technology ecosystem in many ways, such as policy innovation, export value, job creation, and local supply chain systems. Particularly, Intel has developed a workforce with nearly 10,000 engineering teachers being trained and awarded thousands of scholarships. In Vietnam, Intel has also provided technical expertise and management to many localities, at the same time, help to expand business activities, and provide services to foreign direct investment customers in the same industry.

IPV started construction in 2006 and was put into operation in 2010. By the end of 2020, the total accumulated export value of IPV exceeded $50 billion. It has created nearly 7,000 jobs, of which, there are 2,700 Intel employees. IPV is one of the largest places to receive US high-tech investment in Vietnam.

By Ba Tan – Translated by Bao Nghi