Development

On behalf of the real estate enterprises, Mr. Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association (HOREA), said that compared to the previous year, there was an additional petition of Gamuda Land Joint Stock Company. The petition states that while waiting for the Prime Minister to decide on a VND514-billion deduction following the recommendations of the Government Inspectorate, over the past time, construction investment and business activities of the company have been stagnant, affecting the reputation and brand of this company in 10 years of operation in Vietnam. As for the matter of social housing, Mr. Le Huu Nghia, CEO of real estate developer Le Thanh, said that they were considering whether to develop social housing again. Because of too many difficult procedures, many people advised him to play safe by switching to develop commercial real estate. At the Le Thanh Tan Kien social housing project in Binh Chanh District, although the HCMC People's Committee had directly instructed to remove obstacles, after three years of implementing the project, now it backs to square one. Although the regulation for the processing time of the application by authorities is 215 days, in fact, the processing of the application can take a lot longer than that because the application must be transferred between departments and districts. Even a document from the urban management office to the district People's Committee takes several months. Moreover, although the social housing projects are invested by enterprises from start to finish, they are audited as projects using capital from the State budget. Meanwhile, the auditors are too strict. They slap them with high fines on petty mistakes, discouraging investors, Mr. Le Huu Nghia explained. Le Thanh Company is one of 20 enterprises that have petitioned the city through the summary of HOREA. This list shows that many petitions had been raised by investors at meetings with the city leaders in the past years, …

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Illustrative image (Photo: VNA) Ca Mau (VNA) - Endowed with a 254-km coastline and an abundance of aquatic resources, the southernmost province of Ca Mau has viewed sea-based economic development as an inexorable trend to help it create breakthroughs in socio-economic development. Priority on infrastructure development Due attention has been given to developing infrastructure in order to develop the blue economy in an effective and sustainable manner that is commensurate with the province’s advantages and potential. Ca Mau plans to continue calling for investment in infrastructure at the 10,802-ha Nam Can Economic Zone , which is envisaged to become a sea-based economic zone with sound logistics services to meet regional and international distribution demand. It is also encouraging investment to build Song Doc and Nam Can towns into third-tier urban areas by 2025. Along with developing fifth-tier urban areas in coastal districts such as Dam Doi, Ngoc Hien, Phu Tan, Tran Van Thoi, and U Minh, the province will invest in engineering and shipbuilding industries at the Song Doc, Khanh Hoi, and Rach Goc estuaries, while carrying out construction of the Tan Thuan, Rach Goc, and Cai Doi Vam industrial clusters. Socio-economic infrastructure in coastal communes, districts, and islands are being completed, providing the conditions necessary for blue economic development . The province has given top priority to investment in important economic sectors such as aquaculture, tourism and services, renewable energy, and the maritime economy. It is also improving local fisheries infrastructure to enhance logistics services, and calling for investment in logistics centres in Hoa Trung, Nam Can, Song Doc, and Hon Khoai. Comprehensive development of the blue economy promoted Harvesting white-leg shrimp in Nam Can district of Ca Mau province (Photo: VNA) Known as one of Vietnam’s four key fishing grounds and with abundant and diverse aquatic …

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A wind farm of Trung Nam Group in Ninh Thuan Province in the central region of Viet Nam. The country aims to have 44 per cent of its power from renewable energy. — Photo courtesy of Trung Nam Group Viet Nam needs about $128.3 billion of investment capital to develop its electricity industry in 2021-2030, according to draft electricity planning released by the Ministry of Industry and Trade (MoIT). On February 9, the MoIT issued a draft national electricity development planning project for 2021-2030, with a vision to 2045 or the power master plan VIII and asked other ministries and agencies to contribute their ideas. With forecasts that Viet Nam's GDP growth will reach an average of 6.6 per cent per year in 2031-2045 and 5.7 per cent per year in 2031-2045, the MoIT forecast the supply of commercial electricity to reach 491 billion kWh by 2030, and 877 billion kWh by 2045. The draft expected by 2030, the total installed capacity of electricity sources in the country would reach 137.2 GW including 27 per cent from coal-fired thermal power, 21 per cent from gas thermal power, 18 per cent from hydroelectricity, 29 per cent from wind power, solar and renewable energy and 4 per cent from the imported sources and 1 per cent from other types of energy from storage devices. The MoIT’s draft said by 2045, the total installed capacity will reach nearly 276.7 GW including 18 per cent from coal-fired thermal power, 24 per cent from gas thermal power, 9 per cent from hydroelectricity, 44 per cent from wind power, solar and renewable energy and 2 per cent from the imported sources and 3 per cent from other types of energy from storage devices. The power master plan VIII encourages the development of renewable energy and discourages hydroelectricity. Renewables made up 13 per cent of power in 2020 and are aimed to make up 30 per cent by 2030 and 44 per cent by 2045. Regarding the power grid development programme, the plan proposes to continue building the 500kV power …

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