Draft revised land

Pham Thi Minh Phi, who won the Miss Philanthropy title in the Miss Vietnam Business 2022 contest held in Da Nang, was arrested by Lam Dong police on Wednesday to be investigated for obtaining property by fraud. In October 2022, a man in Da Lat of Lam Dong called Phi, requesting her cooperation to raise capital together and do business. Phi, the general director of the Moc Hoa trade and service company, said she was negotiating to buy two land plots, spanning 1.7 ha in total, at VND22 billion. She said she had found a buyer, who was willing to buy the land plots at VND23.6 billion. This would mean profit of VND1.6 billion. Phi said she did not have the VND3 billion needed as a down payment to buy the land plots, so invited the man to raise the money with her. The man agreed to give Phi VND1.8 billion, without seeing the land plots first-hand or checking the legal information of the plots. On November 2, 2022, Phi signed a contract stating that she would borrow VND1.8 billion … [Read more...] about Beauty queen arrested in fake land sale scam

The task force's primary responsibility is to advise Hanoi leaders in collaboration with central agencies to refine the draft amended Capital Law. Chairman of the Hanoi People’s Committee Tran Sy Thanh has signed off decision No.4430 on the establishment of a task force responsible for drafting the amended Capital Law. Hanoi from above. Photo: The Hanoi Times As per the decision, the task force comprises 20 members, including Le Hong Son, the Permanent Vice Chairman of the Hanoi People's Committee, who serves as the Team Leader, and Ngo Anh Tuan, Director of the Hanoi Department of Justice, acts as the Deputy Team Leader. … [Read more...] about Hanoi sets up task force to draft amended Capital Law

To further bolster its appeal, Hanoi should establish regulations that provide favorable living, working, and educational conditions for investors' family members. The draft amended Capital Law should broaden and enhance opportunities for strategic investors, including large domestic and multinational corporations, to come to Hanoi, according to the President of the Foreign Trade University, Bui Anh Tuan. Electronics production at an FDI company in Hanoi. Photo: Nguyen Minh/The Hanoi Times "To bolster its appeal, additional regulations should be put in place to facilitate favorable living, working, and educational conditions for relatives of investors in the Capital. This will contribute to establishing Hanoi as the preferred headquarters for both domestic and multinational corporations," said Tuan. … [Read more...] about Capital Law should help Hanoi attract multinationals: Expert

Vietnamese singer Hanbin. Photo from TEMPEST's Twitter The Vietnamese artist and his six bandmates held their showcase Wednesday to present their new single "Into the Storm." Footage of his performance has garnered tens of thousands of interactions from the public audience on various South Korean news outlets and social media platforms. Hanbin said during the Q&A section that he wanted to hold more tours with his bandmates in the future, and wanted his home country Vietnam to be one of the stops of the tours. "I can go everywhere as long as you [fans] are there," he said. The group also promised to bring the fans more interesting experiences in the future. Born Ngo Ngoc Hung in the northern Yen Bai province, Hanbin gained attention with his attendance in the South Korean reality show "I-Land," produced by boy group BTS’ management agency Big Hit Entertainment, in 2020. He then signed a contract with Yuehua Entertainment and debuted in the K-pop idol group TEMPEST … [Read more...] about Vietnamese singer creates buzz in South Korea

Authorities in Khanh Hoa and Lam Dong Provinces, located in Vietnam’s south-central and Central Highlands regions, respectively, have sought to develop a 103km-long expressway linking the two localities in the 2025-28 period, said a local official. The administration of Khanh Hoa recently told relevant agencies to work with a consulting unit on a proposal to develop the Nha Trang - Lien Khuong Expressway project, Nguyen Tan Tuan, chairman of the Khanh Hoa People’s Committee, said on Thursday. According to the proposal, the route would start from an intersection with the Nha Trang - Cam Lam Expressway in Khanh Hoa to the end of the Lien Khuong - Prenn Expressway in Lam Dong, with some 48km of the route in Khanh Hoa and the rest in Lam Dong. The projected end of the Nha Trang - Lien Khuong Expressway project, which will link Khanh Hoa Province in south-central Vietnam with Lam Dong Province in the country’s Central Highlands region. Photo: Tran Huong / Tuoi Tre … [Read more...] about Vietnam’s Nha Trang – Lien Khuong expy proposed to be built in next 3 years

The retail prices of fuel products in Vietnam were revised upward starting from 4:00 pm on Thursday, with each liter of the popular RON95 gasoline soaring nearly VND900 (US$0.03), according to the Ministry of Industry and Trade. Biofuel RON92 now sells for VND24,190 ($0.99) per liter, up around VND720 ($0.02), while the popular RON95 rose by VND870 ($0.33) per liter to VND25,740 ($1.05) from VND24,871 ($1.02). The prices of oil products were also adjusted up. Diesel oil is offered at VND23,590 ($0.97) per liter, up VND540 ($0.02). The price of kerosene is capped at VND23,810 ($0.97) per liter, rising VND630 ($0.02) while that of heavy fuel oil is VND17,840 ($0.73) per kilogram, inching up VND140. During this fuel price adjustment, the ministry decided to tax each liter of most oil and petrol products sold by VND300 to replenish the national fuel price stabilization fund, except for heavy fuel oil. The domestic retail prices of petrol products have been adjusted 26 times … [Read more...] about Vietnam sees sharp hike in petrol prices

Transit-Oriented Development (TOD) is vital to the Capital Region's sustainable development. As the draft of the amended Capital Law covers the development of the capital region, experts have written to The Hanoi Times to contribute to the early finalization of the draft. Assoc. Prof. Dr. To Van Hoa, Vice Rector of Hanoi Law University: T he Capital Region as a sustainable foundation for the capital and surrounding areas The Capital Region is what Hanoi aspires to grow into. The development of the Capital Region must facilitate the sustainable growth of the surrounding areas. The Thang Long Boulevard connects Hanoi with the provinces in the west and northwest. Photo: Pham Hung/The Hanoi Times The establishment of the capital region must attract the interest of neighboring provinces and cities, and the draft law must show them their potential benefits in participating in the socio-economic growth of the capital region. The draft of the … [Read more...] about Amended Capital Law: perfecting rules to boost Capital Region development

Dr. Guido Hildner, German Ambassador said that in his country, the number of employees working in occupations requiring green skills increased 56.7% to 5 million between 2012 and 2020. This shows that the energy transition is a complex and demanding process, but also provides great opportunities to the people and the economies. Noting that Vietnam has set a target of net-zero emission by 2050, the diplomat said that Germany has supported Vietnam in employment transition by training Vietnamese workers in the fields of electricity, electronics and roof-top solar power installation. Each year, tens of thousands of students are trained in 11 vocational training facilities, 79% of whom have been employed. With high labor demand, Vietnam will need long-term decisions from the State, along with the promotion of creativity and innovation in the public and private sectors, and the mobilization of public and private investment, especially in modernizing the power grid as well as increasing … [Read more...] about Just energy transition requires higher laborers’ skills: Experts

Two more State-run commercial banks - Vietinbank and BIDV - lowered their deposit rates on September 19 to match the lowest level during the COVID-19 pandemic. Both cut their rates by 0.2 or 0.3 percentage point on deposits with a term of three months or longer. The rate for deposits with a 12-month term was also lowered by 0.3 percentage point to 5.5% per annum. For one-month and two-month deposits, the rate remains at 3%. These rates are similar to those of Vietcombank and Agribank, which were revised downwards on September 14./. VNA … [Read more...] about “Big Four” banks lower deposit interest rates to COVID-19 levels

Farmers are having to adapt to new methods, and experts are here to assist, photo Le Toan At last week’s seminar on Vietnam-Japan cooperation on green growth in Hanoi, a representative of the Ministry of Agriculture and Rural Development (MARD), said that Vietnam-Japan cooperation in agriculture could double or even triple in the coming decades. Nguyen Do Anh Tuan, general director of the MARD’s International Cooperation Department, highlighted some key areas for Vietnam, including improving plant varieties, high-tech production and processing, forest protection, capital investment and mitigating the effects of natural disasters. Some localities in the country have shown great interest in adopting Japan’s high school agriculture education model, which aims to provide agriculture knowledge to students along with high school-level general education. The model, which has been piloted in the northern province of Nam Dinh, has proven popular with students from across the country. … [Read more...] about Japan at fore of experience in agriculture