Displacement has which qualities

A cross-functional team will be set up to work on improving the prospects of the local real estate market. Prime Minister Pham Minh Chinh has issued a document on solving real estate market problems and improving its prospects. An affordable housing project in Dong Anh District's Thang Long Industrial Park. Photo: Pham Hung/The Hanoi Times The document, numbered 178/TTg-CN, aligns with Resolution 33/NQ-CP dated March 11, 2023, which provides solutions to develop a healthy, transparent, and sustainable real estate sector. Under the latest document, the Ministry of Construction, the Ministry of Treasury, the State Bank of Vietnam, and related agencies will set up a working group and work with developers to resolve existing problems and increase confidence in the property market. The Prime Minister has asked the Ministry of Construction to finalize the plan to build one million affordable houses for low-income buyers and workers in industrial parks in … [Read more...] about New regulation in place to boost Vietnam’s real estate market

Local authorities will maintain inspection works at key areas, including Noi Bai International Airport, Yen Vien train station, ports, wholesale markets and shopping malls. Hanoi’s Steering Committee for Combating Smuggling, Commercial Fraud and Counterfeit Goods, known as Steering Committee 389, has announced its plan to intensify efforts to combat smuggling and trade frauds before, during and after the 2021 Lunar New Year holiday. Local authorities would maintain inspection works at key areas. Under the plan, the city’s Steering Committee 389 will enhance inspection works at key areas, including Noi Bai International Airport, Yen Vien train station, ports, wholesale markets, and shopping malls. The committee is set to mobilize personnel and resources to set up checkpoints at roads, railways, airports to prevent movement of smuggled, fake and low-quality products into the country. This is particularly important for the control of banned items or items that … [Read more...] about Hanoi intensifies efforts to combat smuggling and trade frauds ahead of Tet holiday

In 2019, the authorities were able to handle major cases of smuggling and selling of counterfeit products, a fact that was not possible in the past. The Vietnam Directorate of Market Surveillance under the Ministry of Industry and Trade (MoIT) identified 90,000 cases of trade fraud and smuggling, and issued nearly VND670 billion (US$28.96 million) in fines in 2019, up 7,700 cases and VND180 billion (US$7.78 million) in fines year-on-year, the governmental portal reported. Overview of the meeting. Source: Vietnam Directorate of Market Surveillance. During the year, the agency collected nearly VND500 billion (US$21.61 million) for the state budget, confiscated goods and products worth over VND170 billion (US$7.34 million) and destroyed smuggled and faked goods worth over VND120 billion (US$5.18 million). Tran Huu Linh, director general of the Vietnam Directorate of Market Surveillance, said at a meeting on January 13, that in 2019, the authorities were able to … [Read more...] about Vietnam authority identifies 90,000 cases of trade fraud in 2019

The fact that Asanzo only assembled products with components made by other companies but then labeled them as “Made-in Vietnam” is not an offense. The lack of specific criteria for “Made-in-Vietnam” products as well as for products assembled and then sold domestically means electronic firm Asanzo has not committed trade fraud, according to the conclusion the Anti-corruption, Economic crimes and Smuggling Department, aka C03, under the Ministry of Public Security. Electronic firm Asanzo is concluded not to commit trade fraud. As a result, the fact that Asanzo only assembled products with components made by other companies but then labeled them as “Made-in Vietnam”, “Manufactured in Vietnam”, or “Origin from Vietnam”, is not an offense, said C03. C03 requested the General Department of Vietnam Customs to check components and parts imported by Asanzo after they had been cleared by the customs authorities to ensure the firm’s compliance with laws on … [Read more...] about Vietnam electronic firm Asanzo not committed trade fraud

With a prime location nested by Tam Coc Wharf, Emeralda Resort Tam Coc stands out as a luxurious Tonkin Maison, showcasing traditional architecture with bold aesthetics and the sophistication of the ancient Tonkin aristocracy. Such buildings have high wooden ceilings carved with delicate patterns, and sturdy high pillars showing the status of the owner. Emeralda Resort Tam Coc is preparing to welcome guests in April Emeralda Resort Tam Coc is surrounded by majestic nature, embracing the panorama of Tam Coc, a part of the UNESCO heritage site – Trang An Scenic Landscape Complex; which promise to create wonderful emotions for visitors when they savour a tranquil vacation amidst the unique scenery of Ninh Binh. Emeralda Resort Tam Coc is divided into two island and peninsula areas with a system of 86 rooms including superior, deluxe, premium deluxe, and imperial rooms, which are designed in harmony and balance with furniture made entirely of wood, dotted with a hanging … [Read more...] about Emeralda Resort Tam Coc to welcome guests in April

A factory in Dong Nai province's Giang Dien Industrial Zone. (Photo: VNA) Hanoi (VNS/VNA) - Vietnam attracted nearly 5.45 billion USD worth of foreign investment in the first quarter of the year, down 39% year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment . Of the three-month figure, over 3 billion USD came from 522 newly-licensed projects, up 62% in a number of projects but down 6% in the amount of capital compared to the same period last year. Some 1.2 billion USD was added to 228 existing ones, representing a yearly hike of 3% in a number of projects and a yearly decline of 70.3% in the capital. However, foreign investors' capital contribution and share purchases rose 4% year-on-year to 798 million USD, the FIA said. Along with the contraction in fresh capital, the disbursed capital also slightly plunged 2.2% from a year earlier to 4.3 billion USD, it noted. The most significant proportion of the … [Read more...] about Vietnam’s foreign investment plunges 39% in Q1

Press conference on March 28 to announce the organisation of 19th Ho Chi Minh City Tourism Fair (Photo: qdnd.vn) HCM City (VNA) – The 19th Ho Chi Minh City Tourism Fair will be held in the southern metropolis from April 6-9, organisers announced on March 28. The annual event will see a wide range of cultural, artistic and sport activities, and this year's edition will be one among the activities in response to the Visit Vietnam Year 2023 hosted by the south-central province of Binh Thuan. Notably, the tourism stimulation space will have nearly 100 booths, including 46 of other cities and provinces. Bui Thi Ngoc Hieu, deputy director of the municipal Department of Tourism , said that the fair’s activities will seek to improve the quality of tourism services and promotion work./. VNA … [Read more...] about 19th Ho Chi Minh City Tourism Fair to take place next month

MoMo also won the award for “Best Platform for Financial Services in Vietnam” at the Excellence in Retail Financial Services Awards from The Asian Banker on March 16. The only Vietnamese representative in the list of Top 10 Global Platforms 2023 ranks seventh in the list that includes behemoths like Alipay, Apple Pay and Paypal. TABInsights assessed the leading 20 global platforms and ranked them based on a six-dimensional balanced scorecard covering capabilities across six key dimensions: customer, coverage and service scope, usage and engagement, financial performance, strategy, and leadership. “The best platform demonstrates exceptional efforts to bring together a wide variety of integrated and relevant services that customers require to manage their financial and non-financial needs,” TABInsights said. The magazine described MoMo as a platform with outstanding technology that offers a wide range of financial products and services through partnerships with financial … [Read more...] about MoMo among Top 10 global financial service platforms

Although Vietnam reopened its door to international tourists over a year ago, small and medium lodging facilities in Ho Chi Minh City are still struggling to recover due to the small number of international visitors. Their largest source market is China while the number of guests from the northern neighbor remains modest, forcing many hotels to use their facilities for other purposes or stop leasing spaces. Shutdown, falling room occupancy In District 1, many hotels which used to be crowded with foreign travelers are now empty or have been replaced by other businesses. On Ly Tu Trong Street, a spacious hotel is being repurposed. The hotel is in a prime site, near Ben Thanh Market, Nguyen Hue Pedestrian Street, and Le Loi Boulevard, once favored by international tourists. Many 'House for Lease' signboards can also be seen along Bui Vien Walking Street and De Tham Street with many of them being hung in front of small, one- and two-star hotels. The director of a chain of … [Read more...] about Ho Chi Minh City hotels waiting for int’l guests

Of the figure, there were 11 new projects with a total registered capital of nearly 50 million USD and 22 others with additional capital of more than 451 million USD, mostly those from Japan, the Republic of Korea and Taiwan (China). All of them utilize advanced technology and skilled labor in priority investment sectors. Among the 11 new FDI projects, six are in support industry. Deputy head of the board Pham Van Cuong said over recent months, FDI attraction in Dong Nai has thrived with increasing quantity and quality of projects which involve the construction of new factories and manufacturing expansion. Foreign investors pin high hope on projects underway in the province, especially Long Thanh airport and expressways. The province has also stepped up administrative reform and dealt with investor concerns, he said. According to the approved plan, Dong Nai has 40 industrial parks (IPs) with an area of about 19,000ha. The province is now home to 32 IPs that are already in … [Read more...] about Dong Nai’s FDI attraction booming, nearly triple in Q1