Social Headlines January 9

More than 8,000 outpatients diagnosed with mental illness in the central province of Nghe An have been left to fend for themselves due to a shortage in State funding forprescription medication.

Urbanisation rate reaches 33.4 percent in 2013 The rate of urbanisation in Vietnam reached 33.4 percent in 2013, up one percent from the previous year, according to the Ministry of Construction. Last year, the number of people living in urban areas increased by 1.3 million, however, the distribution was not balanced with high concentrations in major metropolitan areas. Sixteen large urban centres in Vietnam account for about 50 percent of urbanites, putting pressure on housing, employment, … [Read more...]

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Construction accidents occur despite safety regulations

Van Nam and Dinh Dung The clearest and most recent proof is the accident last Saturday when a crane carrying 35 tons of steel at the construction site of Bitexco's The One project in HCMC downtown suddenly fell down and damaged the fence and several artworks of nearby HCMC Fine Arts Museum. Hoang Quang Nhu, deputy head of the Ministry of Construction's Construction Activities Management Agency, told the Daily that safety in construction activities were controlled by the Construction Law. The … [Read more...]

BUSINESS IN BRIEF 17/6

VAMC splits banks' positions Banks are coming out of the closet to reveal different Vietnam Asset Management Company feelings. The Vietnam Asset Management Company (VAMC) could radically attack banks' bad debts (NPLs). However, a number of banks are sitting on the fence as when selling bad debts to VAMC to get special bonds in return, each year they need to make provision at least equal to 20 per cent of the bond value. Banks argued that under current regulations they must make provisions … [Read more...]

D1′s The One to connect with metro station

Van Nam This is the second commercial building in the city to obtain a license to build the tunnel. The first tunnel of this kind will link the Vincom Center A with the Opera House station. Bitexco Group broke ground for The One building in April, 2012 with invested capital of nearly US$500 million. The project is expected to be completed in 2015, having two towers of 55 and 48 stories overlooking the landmark Ben Thanh Market and surrounded by Calmette, Le Thi Hong Gam, Pho Duc Chinh and … [Read more...]

How the poor celebrate Tet

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The needy families who have lived in cramped neighborhoods in downtown District 1 for several years can hardly afford good food, let alone decorations, for their Tet holidays. Poor peddlers "We can only afford 10 kg of rice and 2 kg of meat with some vegetables, at most, in good years," said 53-year-old Nguyen Thi Nga, who lives in the attic of a house on Pho Duc Chinh street. Nga confided that, though she is heavily in debt this year, she will try to afford a pot of thit kho (pork … [Read more...]

Downtown blaze burns colonial era houses

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A fire in downtown Ho Chi Minh City on Wednesday night burned down nearly ten old houses built during the French colonial period more than a hundred years ago. The fire in Ho Chi Minh City on Wednesday night … [Read more...]

New bus service for District 1 in HCMC

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On the morning of September 17, the Ho Chi Minh City Department of Transport launched a new bus service for District 1 in Ho Chi Minh City- -bus number 35. This is a subsidized bus service that will pass through the City Center covering administrative offices, schools and commercial centers. In all, the route will cover a distance of 11.35 kms. Cap: The new bus service has comfortable seating and courteous staff (Photo: Kim Ngan SGGP) In the first leg of the route the bus service will cover … [Read more...]

Work starts on twin skyscrapers

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HCM CITY — The Bitexco Group yesterday broke ground for twin skyscrapers, The One HCM City, in District 1 in downtown HCM City. A model of the twin towers that will be erected in HCM City's District 1. The project is being financed by the Bitexco Group. — VNA/VNS Photo Hoang Hai The US$500 million buildings, one of 55 storeys and the other of 48, will be connected. It is bounded by four major thoroughfares, Le Thi Hong Gam, Calmette, Pham Ngu Lao, and Pho Duc Chinh. Once completed in … [Read more...]

Bitexco starts work on new skyscraper on Friday

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Vingroup looks for office lessees at Vincom Center A An artist's impression of The One Ho Chi Minh City twin-tower project in downtown HCMC - Photo: Courtesy of Bitexco … [Read more...]

BUSINESS IN BRIEF 22/2

Online trading scams rampant Many fraudulent traders have managed to steal money from consumers via online trading activities by using simple tricks, while the legal regulation concerning this issue still remains incomplete. Duong Thi Ngoc Giau, residing in the Mekong Delta province of An Giang, said earlier this year she fell into the trap of a fraud on the www.didongsaigon.net website. The website advertised that many cell phones were discounted 50-percent, so she chose to buy a Nokia … [Read more...]