The Saigon 2 Bridge (left) is built in the form of PPP. (Photo: SGGP) However, ever since the PPP Law took effect, this model has not attracted enough investors, although there is a lot of room for mobilizing social resources to invest in public projects. Rights not defined Under the PPP model the State and private investors jointly sign a contract to share benefits, risks, and responsibilities of construction of works or provision of public services. Both these entities are equal partners under the civil law in the project contract. However, the PPP Law does not clearly define the rights and obligations of each of these two entities. According to the PPP Law, the competent agencies specified in Clause 1 in Article 5 are the Ministry, the provincial People's Committee, and the agency established by the Government or the Prime Minister. These are state management agencies, but when they appear as partners, the mode of operation bears the imprint of public authority, leading … [Read more...] about Public-Private-Partnership model fails to draw investors
Why gender equality is important
The 9 Stellars honored at Asia Pacific Property Awards 2022
The 9 Stellars won the following prizes: Outstanding apartment/apartment building in Vietnam; Best residential complex architecture in Vietnam; Best residential area project in Vietnam; Best high-rise building architecture in Vietnam; and Best high-rise building project in Vietnam. Notably, The 9 Stellars was also recommended for two prizes of the international round: Best high-rise building project in Asia Pacific; and Best residential area project in Asia Pacific. SonKim Land has been honored at the Asia Pacific Property Awards for five consecutive years, building its reputation in the region. Mr. Nguyen Thanh Oai, General Director of SonKim Land, said, “Our success at the Asia Pacific Property Awards for five consecutive years reflected our efforts and commitments. Despite the COVID-19 pandemic, we have made nonstop efforts together with project investors to achieve greater success at a global level. Projects developed by SonKim Land have favorable locations and attach … [Read more...] about The 9 Stellars honored at Asia Pacific Property Awards 2022
Australian barista contest found the winner
The competition, part of the Taste of Australia event, was organised by the Australian Trade and Investment Commission (Austrade) and supported by Vietnam’s Graduates from Australia Club (VGAC). It had two rounds – an online one held from May 12-June 4; and a final round held on June 25 in Ho Chi Minh City. All contestants registered for the online round submitted video clips with two cups with two different patterns from four subjects - Heart, Tulip, Rosetta and Swan. Sixteen submissions competed in the final round and the top three winners were chosen by a panel of judges featuring: Dang The Lan (Alumnus of Central Queensland University; Founder and Managing Director, The Lovely Cup O’ Coffee; 3rd Place Winner of the Southern Region Latte Art Championship in 2013 Australia); and Pham Minh Luan (Alumnus of RMIT Vietnam; Founder, Hyper Coffee). The three guest judges for the competition were: Rebecall Ball, Senior Commissioner of Austrade; MasterChef Ngo Thanh Hoa; and Art … [Read more...] about Australian barista contest found the winner
500 tons of Vietnamese-labelled rice exported to EU
Nearly 500 tons of "Com Vietnam Rice" exported to the EU. (Photo: VNA) Since the EU-Vietnam Free Trade Agreement (EVFTA) took effect, the group has exported around 30,000 tons of rice to the EU. It was the first time the rice was exported under its own brand name, instead of those by importers in the previous shipments, according to Loc Troi. Loc Troi Group CEO Nguyen Duy Thuan said the consignments, which mostly consist of fragrant rice, have left Vietnam and will arrived in Germany, the Netherlands and France in July. The grain will be available at France-based Carrefour, the Europe’s largest retailer and wholesaler, he said. The shipment, though not large, marks the start of the group’s journey to conquer the global market, he added. Loc Troi Agricultural Products JSC (LTA), the agricultural arm of Loc Troi Group, owns 26 factories capable of milling over 22,000 tons of rice per day. The group has been collaborating with a network of numerous cooperatives and more … [Read more...] about 500 tons of Vietnamese-labelled rice exported to EU
HCM City calls for E.U. investment in nearly 200 projects
Dao Minh Chanh, Deputy Director of the municipal Department of Planning and Investment, said E.U. countries are investing in 2,724 projects in HCM City, mostly in the fields of manufacturing and processing, retail and wholesale, motor and automobile repair and maintenance, and information and communications. Worth a total of 7.69 billion USD, they account for 10.27% of FDI in the city, he said. HCM City has constantly improved its business climate and adopted various incentives to encourage more FDI, he said, adding that most notably among the incentives include reductions in corporate income tax, import-export duties and land lease. Vo Van Hoan, Vice Chairman of the municipal People’s Committee, highlighted the importance of the E.U.-Vietnam Free Trade Agreement (EVFTA) which has entered into force, saying it has brought great and balanced benefits to both sides and there is a huge opportunity for Vietnam and the E.U. to step up bilateral economic cooperation. With the E.U.’s … [Read more...] about HCM City calls for E.U. investment in nearly 200 projects
Vietnam backs U.N.’s efforts to improve road traffic safety
The session adopted the “Political declaration of the high-level meeting on improving global road safety,” with the 193-member General Assembly committed to drive the implementation of the Global Plan for the Decade of Action for Road Safety 2021-2030, including the goal to half road traffic deaths in the next eight years. Speaking at the event, Ambassador Nguyen Phuong Tra, Charge d'affaires a.i. of Vietnam to the U.N., affirmed that Vietnam totally supports the Decade of Action for Road Safety 2021-2030. For the realisation of its goal, she said it is necessary to strengthen road safety legislation at global, regional and national levels to address current and emerging challenges. In addition, more investment is needed in developing infrastructure and road safety capacity in low- and middle-income countries, where 90% of traffic accidents are reported. Tra also emphasized the need to build a culture of traffic safety through education and awareness of obeying traffic laws such … [Read more...] about Vietnam backs U.N.’s efforts to improve road traffic safety