Ckx lands investor relations

At the NA's session (Photo: SGGP) At the National Assembly session on the afternoon of May 24, Minister of Planning and Investment Nguyen Chi Dung, authorized by the Prime Minister, presented a report on the draft resolution on piloting a number of mechanisms and policies for the South-Central Province of Khanh Hoa’s development. Generally, all session participants voiced their support for a resolution about piloting a number of specific mechanisms and policies for the development of Khanh Hoa Province, but it is required to ensure security and defense issues and to have technical barriers with foreign investors. In particular, foreign investors are not allowed to co-own ports, airports, and some other locations. In particular, in order to create a breakthrough and exploit the potential and advantages of the Van Phong Economic Zone, the draft stipulated mechanisms and policies to attract strategic investors in priority sectors and fields. develop provisions in Resolution No. … [Read more...] about Foreign investors not allowed to co-own port, airports: former HCMC Secretary

For-sales signs put up along a road in a district in Tay Ninh Province. Industry experts have voiced concern over the recent land fever as a result of the pandemic. —VNA/VNS Photo Authorities in Ha Noi halted processing on all land partition applications of agricultural land or made up of agricultural areas and non-residential land in a move joined by other localities across the country to combat real-estate speculation and hoarding. The move was announced in a recent memo by the capital city's authority to the Department of Natural Resources and Environment. Last week, the Vietnam News Agency reported a large number of land partition applications were received by southern Tay Ninh Province's Department of Natural Resources and Environment. A majority of the applications were for Hoa Thanh and Trang Bang townships as well as border districts such as Ben Cau, Tan Chau and Duong Minh Chau. According to local sources, a hectare of land in the areas is typically purchased at … [Read more...] about Localities clamp down on land hoarding and speculation

"The first thing I used to do after waking up was to open my crypto wallet and check how much money I gained or lost," the Hanoi-based cryptocurrency trader says. Every day his account would fluctuate by a few to dozens of dollars, and he says his investment of US$1,000 at the end of last year would sometimes hover around $1,500. Then it dropped to below $900 a week ago. "I thought I had been hacked, but when I looked at the tokens in my wallet, they were still there but all in the 'red'." Another precipitous drop took the value to around $600 on May 10, and he decided to delete the trading app and stop looking at the market. "I unfollowed some cryptocurrency groups and removed related apps." Le Minh of HCMC says he recently deleted all cryptocurrency-related apps from his phone. When prices plunged last week he decided to sell some tokens that he thought had little potential and used the few hundred dollars to buy Bitcoin. But within a few days Bitcoin and others in his … [Read more...] about Investors delete cryptocurrency trading apps as prices crash

Mr. Tran Van Lau, Chairman of the People's Committee of Soc Trang Province, inspects wind power projects. (Photo: SGGP) Up to now, despite facing many difficulties due to the Covid-19 pandemic, Soc Trang Province had four projects completed and put into commercial operation in 2021, with 26 wind turbines with a total capacity of 110.8 MW. Currently, the province is constructing seven other projects, including 102 wind turbines with a total capacity of more than 320 MW in Vinh Chau Town. According to a report by the People's Committee of Vinh Chau Town, wind power projects have been facing certain difficulties. Specifically, local people have prevented the installation of the 110 kV and 220 kV transmission lines; some wind turbine propellers have not been constructed yet due to problems with safety corridors; people placed obstacles to prevent the construction at some temporary culverts for water supply and drainage within the project scope; the security and order situation … [Read more...] about Interests of people, investors of wind power projects must be harmonized

Illustrative image (Photo: VNA) Vinh Phuc (VNA) – Authorities of the northern province of Vinh Phuc have accelerated administrative reform in land management in order to create favourable conditions and satisfaction for people and businesses. Vinh Phuc records positive results in processing administrative procedures on land management. (Photo: VNA) It has also simplified and shortened the processing time of a number of administrative procedures; and given consultation to the provincial People's Committee on cutting down the processing time for 63 out of 87 provincial-level procedures, including 20 related to land management. land management agencies, enabling the payment of financial duties related to land online. VNA … [Read more...] about Vinh Phuc speeds up administrative reform in land management

At the NA working session (Photo: VNA) Hanoi (VNA) – The Government has proposed a delay to a submission of the draft Law on Land (amended) to the National Assembly (NA) until the Party Central Committee issues directions on reforms of land-related policies and laws. The proposal was conveyed by Chairman of the NA Committee on Legal Affairs Hoang Thanh Tung during the 15th NA’s ongoing third session on May 24. In the morning sitting, deputies discussed the proposed Law and Ordinance Building Programme in 2023, and the adjustment of the 2022 programme. According to Tung, the NA Standing Committee is aware of the urgency to amend the Law on Land so as to remove difficulties in the implementation of the law; meet the requirements of mobilising and effectively using land resources to promote production, business and socio-economic development; and create a foundation for amending, supplementing, and overcoming limitations and inadequacies in other relevant legal … [Read more...] about Government proposes delay to submission of draft amended Land Law to NA

HCM City Chairman Phan Van Mai (second from left) speaks with representatives of businesses on the sidelines of a conference between city leaders and foreign investors last Friday. — VNA/VNS Photo Rising labour and production costs have prompted some relocation but HCM City remains an appealing investment destination given its market size and speedy recovery, experts say. Speaking at a meeting between city leaders and foreign investors late last week, Hirai Shinji, chief representative of the Japan External Trade Organisation (JETRO) in HCM City, said while more manufacturers were looking to relocate their production to other provinces because of rising labour costs and land rents in HCM City, the city remained a popular investment destination. A recent JETRO survey attributed it to the city’s great economic growth potential and market size, he said. HCM City has been praised for its achievements in speedy post-pandemic economic recovery, he added. Mary Tarnowka, executive … [Read more...] about HCM City growth remains an X factor: foreign investors

Rental prices of industrial land are at an all-time high The statistics from JLL Vietnam show that in the first quarter, the rental price in industrial zones (IZs) in the south reached a new record average of $120 per square metre, up 9 per cent on-year. In Ho Chi Minh City, the rental price at Tan Thuan Export Processing Zone is $270 per square metre and at both Hiep Phuoc 1 and Hiep Phuoc 2 IZs, it stands at $250 per sq.m. In the north, the price is $109 per sq.m, signifying an increase of 9.2 per cent on-year. The statistics published by the Foreign Investment Agency under the Ministry of Investment and Planning showed that in the first four months of this year, $5.3 billion was added to 323 foreign-invested projects currently underway, a rise of 92.5 per cent in value and 22.8 per cent more in number. The capital contribution in mergers and acquisitions (M&A) saw a positive change when overseas investors also poured $1.8 billion into over 1,000 deals, signifying an … [Read more...] about Rental prices of industrial land set new record

NA Chairman Vuong Dinh Hue (R) and Speaker of the Singaporean Parliament Tan Chuan-Jin in Hanoi on May 18. (Photo: VNA) Speaker Tan, who is paying an official visit to Vietnam, thanked the country for supporting Singapore in Covid-19 response, noting the two countries’ cooperation and mutual assistance are growing even more strongly. Chairman Hue congratulated Singapore for successfully containing the pandemic and reopening the economy. He also appreciated its precious provision of Covid-19 vaccine and medical supplies for Vietnam and said he hopes the two sides will continue cooperating in scientific research on Covid-19 and other epidemics, firstly the current unexplained hepatitis in children. Vietnam attaches great importance to the countries’ strategic partnership and views Singapore as one of its leading partners in ASEAN in terms of both politics and economy, he stressed, asking both sides to coordinate closely to prepare for the 50th founding anniversary of bilateral … [Read more...] about Vietnam, Singapore agree to further advance parliamentary relations

The relations would be enhanced through commitments in a wide range of fields, including economic, maritime cooperation, building trust, and people-to-people links. ASEAN member states and the US have reaffirmed their shared commitment to strengthen and build more comprehensive ASEAN-US Dialogue Relations. The declaration was included in a joint vision statement released at the US-ASEAN Special Summit, the first-ever held in Washington, D.C., on May 12-13 with the participation of the US president and leaders of the Association of Southeast Asian Nations (ASEAN) member states. The tightened relations are aimed to promote peace, security, stability, and prosperity in the region and ensure that relations remain adaptable to meet new challenges; and appropriately cooperate in international and regional fora of which ASEAN member states and the US are members. The two sides stressed the importance of creating a peaceful environment for strengthening the existing bonds of … [Read more...] about US-ASEAN Joint Statement released, reaffirming more comprehensive Dialogue Relations