Abandoned projects result in prime land waste in da nang vnexpress international

In a decision issued by Prime Minister Pham Minh Chinh on Tuesday, the completion of the capital's second metro line has been pushed back five years later than previously planned. The decision was in line with a recent proposal by the Hanoi People’s Committee to postpone the project’s completion date. The total investment for the project is now over VND34.8 trillion, with VND3.9 trillion more coming from the city budget, and VND2 trillion less coming from Official Development Assistance (ODA). The committee will be responsible for the accuracy of information and statistics regarding the project, including the resolution of potential issues, the decision stated. Hanoi will also be responsible for the delay's extra costs, which will be paid for with funds from the city's 2021-2025 public investment plan. If the project fails to meet its new deadline by the end of 2025, the capital city would have to utilize other sources of funding to complete the project. In April, the … [Read more...] about Hanoi’s second metro line delayed again to 2027

The annual Wealth Report by Knight Frank said there were 1,059 "ultra-rich" people in Vietnam in 2022, up from 538 in 2017, an 82% increase. An ultra-rich person is defined by Knight Frank as someone with a net worth of at least $30 million, minus loans. By 2027, the number of ultra-rich people in Vietnam is projected to hit 1,300, a 22% increase from 2022, and a 122% increase over the span of a decade, according to the company’s report. Vietnam’s number of high-net-worth individuals, defined as those with assets worth at least $1 million, has also increased by 70% over the last five years, from 40,971 people in 2017 to 70,000 in 2022. The report projected there would be over 112,200 high-net-worth individuals in Vietnam by 2027, a 173% increase over a decade. The report said the rapidly rising number of wealthy individuals in Vietnam aligns with general trends in Asia, where similar patterns have been seen in countries like Singapore, Malaysia and Indonesia. In the … [Read more...] about Vietnam’s ‘ultra-rich’ population doubles over five years

Situated over 70 kilometers from Hanoi, Hoa Binh Province overflows with cultural identities and charming venues to lure visitors. As the gateway to the northwestern region, the province, which boasts various unspoiled tourist destinations, has attracted numerous travelers over the past few years. Some must-visit places are recommended to holidaymakers in Hoa Binh. Mai Chau: Hoa Binh’s most popular tourist area Mai Chau is the province’s most famous tourist site, which is favored by not only in-the-know tourists from Hanoi and neighboring provinces, but also international visitors. The place is often selected for a weekend trip to relax and relieve stress. Apart from enjoying the fresh air in the majestic mountainous area, travelers might also admire a picturesque view shrouded by clouds at Thung Khe Pass or Da Trang (White Stone) Pass en route to the heart of Mai Chau District. Also, the mountainous district features a variety of cultural traits and the Thai ethnic … [Read more...] about Hoa Binh Province in Vietnam delights travelers with northwest beauty, uniqueness

The delegation has completed activities within the Langkawi International Maritime and Aerospace Exhibition (LIMA) 2023 and is en route to Makassar, South Sulawesi province, Indonesia for the fourth Multilateral Naval Exercise Komodo (MNEK-4). Departing Da Nang city on May 14, the ship is planned to return to Naval Region 3 on June 17. The long journey requires careful preparation of logistic supplies to ensure officers and soldiers’ health. Therefore, one of the important missions of Naval Region 3’s logistics sector is to provide standardized, nutritious meals that meet all requirements on food safety and hygiene. Below are photos logistics services on Ship 20. By Ngoc Hung from the Strait of Malacca, Malaysia Translated by Mai Huong … [Read more...] about A look at logistic supply guarantee on Ship 20

At the same time, the flight frequency on the Ho Chi Minh City - Singapore route is kept at three flights a day for weekdays. On this occasion, the national flag carrier is offering a special incentive program for passengers buying tickets on all of its sales channels from agents, websites, and mobile apps. Specifically, a round-trip ticket between Hanoi and Singapore is from 5.799 million VND (246.9 USD) (including taxes and fees); and that on the Ho Chi Minh City - Singapore route is from 4.971 trillion VND (including taxes and fees). The offer is applied to passengers who buy tickets from now until December 31, 2023, and depart from June 15 to December 31. In addition, Vietnam Airlines offers one free baggage allowance for each passenger who buys an Economy Flex or Economy class ticket from now until July 31, 2023, applicable for the period of departure from June 15 to July 31, 2023. Vietnam Airlines is continuing to promote international flight routes, including opening new … [Read more...] about Vietnam Airlines increases flight frequency to Singapore

Deputy Prime Minister Tran Hong Ha (R) receives visiting Lao Minister of Technology and Communications Boviengkham Vongdara. (Photo: VNA) Hanoi (VNA) – Deputy Prime Minister Tran Hong Ha received visiting Lao Minister of Technology and Communications Boviengkham Vongdara in Hanoi on May 29. Welcoming agreements signed between the Vietnam Academy of Science and Technology (VAST) and the Lao Ministry of Technology and Communications, Ha expressed his wish that the two sides will actively promote cooperation and technology transfer so that Vietnam and Laos can jointly implement digital and green transformation as soon as possible. With its potential for renewables such as hydroelectricity, wind power and solar power, Laos can become a centre of clean energy, he stated, adding that this is one of the factors that determine the level of attraction for investors in the future. Regarding digital transformation, the Deputy PM appreciated the results that the information and … [Read more...] about Vietnam, Laos promote technological cooperation, technology transfer