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/ March 3, 2021

Thu Thiem Eco Smart City expected to become prominent landmark of Asia

The Hanoitimes - The Vietnamese government creates favorable conditions for foreign investors to expand investment here. Lotte Properties Thu Thiem’s leadership is committed to building the Thu Thiem Eco Smart City project into a prominent landmark of Ho Chi Minh City and Asia, Lee Kang Woo, General Manager of Lotte Properties Thu Thiem, told Minister and Chairman of the Government Office Mai Tien Dung at a meeting on March 3 in Hanoi. Minister and Chairman of the Government Office Mai Tien Dung (R) and Lee Kang Woo, General Manager of Lotte Properties Thu Thiem (L). Photo: VGP Speaking at the meeting, Dung said he hoped Lotte Properties Thu Thiem, owned by South Korea’s Lotte Group, would speed up the construction progress of the project, so that it will be put into operation after the Covid-19 pandemic is rolled back. In July 2017, four Lotte members and Ho Chi Minh City People’s Committee signed a contract the construction of Eco-smart City with the initial investment capital of US$884.4 million, after seven years of proposals. However, the project was halted temporarily after the Thu Thiem scandal over irregularities in granting land to investors. Earlier, the Government agreed with the proposal of the People's Committee of Ho Chi Minh City and the Government Inspectorate that the investor is allowed to continue implementing the project. Minister Dung suggested the South Korean investor needs to cooperate closely with the People's Committee of Ho Chi Minh City to complete relevant procedures and implement the project on schedule. The Vietnamese Minister emphasized that the cooperation between South Korea and Vietnam is thriving in many spheres. The Vietnamese government highly appreciates the fact that South Korea has been Vietnam’s largest foreign investor for many years. On the same day, Minister Dung also hosted Horst Geicke, Chairman and General Director of Sanctuary Ho Tram. At the meeting, Dung stressed that the …

/ December 2, 2020

Vietnam aviation industry needs more 3 years to recover

The Hanoitimes - Local aviation companies are continuing to face a challenging time ahead. Vietnam’s aviation industry is predicted to take three years to return to the pre-Covid level of 2019, according to Deputy Head of the Civil Aviation Authority of Vietnam (CAAV) Pham Van Hao. The International Civil Aviation Organization forecasts two scenarios for the world’s aviation industry. Photo the courtesy of Vietnam Airlines There were two scenarios forecast by the International Civil Aviation Organization (ICAO) for the world’s aviation industry, Mr. Hao said at the national conference under the theme “Overcoming crisis, developing Vietnam's aviation sustainably” held recently in Hanoi. In the first scenario, the aviation industry will take a V-shaped recovery, plunging to the bottom and then rebounding strongly. In the second scenario, it will be a U-shape convalescence, in which the industry will sink to the bottom and remain there for 3-5 months, along with economic downturn. As a result, the aviation market will decline 48-71% depending on the situation of the pandemic. Mr. Hao predicted that the first scenario will happen to Vietnam aviation. The CAAV, after consulting market research firms, will submit the schedule on reopening borders for international flights to the government. The reopening, however, would not be carried out broadly, taking into consideration of disease prevention measures. Ms. Ho Ngoc Yen Phuong, Vietjet’s Deputy General Director, said the low-cost air carrier suffered a nine-month cumulative loss of VND2.4 trillion (US$103.4 million). She also proposed the government to direct credit institutions to offer low-interest loan to the carrier in a term for 3-5 years. Mr. Nguyen Tien Hoang, deputy head of Planning and Development Department at Vietnam Airlines (VNA), said that Vietnam's aviation loss was estimated at US$4 billion this year. "The national flag carrier is likely to be the hardest hit by …

/ March 4, 2021

Lockdown lifted in Hai Duong’s Chi Linh city, Cam Giang district

On January 27, the first community COVID-19 case in Hai Duong province’s Chi Linh City was detected – Patient 1,552 – a worker in close contact with a woman who tested positive for SARS-CoV-2 after arriving in Japan. According to the National Steering Committee for COVID-19 Prevention and Control, Chi Linh city was the largest outbreak in the country since the pandemic began early last year with 383 confirmed cases out of 684 cases reported in Hai Duong province. The outbreak started at a company with more than 2,300 workers and then spread to the community, which caused difficulties in controlling the infections. As the outbreak was gradually controlled, Hai Duong province’s authorities decided to end the lockdowns and province-wide social distancing, entering a “new normal” phase with twin tasks of drastically fighting the coronavirus and taking action for socio-economic development. Secretary of the Hai Duong Provincial Party Committee Pham Xuan Thang applauded efforts made by authorities, health experts and people in fighting the pandemic, particularly contributions of people on the front lines. Besides lifting the lockdown in Chi Linh city and Cam Giang district and the end of province-wide social distancing, the Hai Duong Province People’s Committee on March 2 decided to divide the localities in the province into two groups under different restrictions depending on the COVID-19 risks. Until March 17, four high-risk localities, including Hai Duong city, Kinh Mon township, Cam Giang district and Kim Thanh, will be placed under the Government’s Directive 15, the highest level of social distancing first introduced in March last year when the country entered nationwide lockdown. The directive prescribes limiting large gatherings, meetings with over 20 people in-doors or 10 people outdoors, maintaining two meters distance between individuals in public places, non-essential services are shut down, public passenger transport is halted, and travel is …