Project funding structure The road will be 98 kilometers long - 54 kilometers in Hanoi, 23 kilometers in Hung Yen Province and 21 kilometers in Bac Ninh Province. The belt is expected to ease traffic congestion that has hampered economic development of the capital and its satellite cities. For Hanoi, this is also the road connecting Noi Bai International Airport and a second international airport in the southeast of the capital, regulating the expressway system and reducing the load on ring road 3, which connects five satellite cities in Hanoi’s urban cluster. Hanoi’s traffic infrastructure has developed significantly To ensure balanced resources, the project will combine public and private funding. The total project budget stands at about US$3.7 billion, including three sub-projects undertaken by investors with a total investment of almost US$1.3 billion. According to Vice Chair of the Hanoi City People’s Committee Duong Duc Tuan, this is a very effective and … [Read more...] about About US$3.7 billion to be invested in Hanoi’s ring road 4 construction
Ensures genetic stability mitosis or meiosis
Hanoi accelerates construction of smart urban projects
The completion of these projects would help ensure Hanoi’s rapid and sustainable development towards green, smart, and modernization while maintaining the harmonization between rural and urban areas. The capital city has so far completed around 70% of the total area subject to site clearance under smart urban projects in the city. Overview of the smart city project in Dong Anh District. Photo: BRG To date, the progress has been encouraging as contractors are speeding up the completion of the site clearance process. According to a recent report, site clearance for the construction of the new residential project Tay Mo – Dai Mo – Vinhomes Park in Nam Tu Liem District has almost concluded, with the 70% of the work volume completed. Around 80% of the land for the projects in the communes of Xuan Canh, Dong Hoi, and Mai Lam (Dong Anh District) have been cleared, and the authorities are handing over clear sites to contractors. The local authorities are also … [Read more...] about Hanoi accelerates construction of smart urban projects
Localities urged to step up vaccination against COVID-19
Some localities have recently proposed not receiving vaccines or transfer the allocated vaccines, leading to the fact that the COVID-19 vaccination target is likely to be missed, the ministry said, citing a report from the National Institute of Hygiene and Epidemiology (NIHE). As of May 21, more than 219 million doses of COVID-19 vaccines have been administered nationwide. Localities have made great efforts in rolling out vaccination campaigns to ensure its safety and effectiveness and achieve a high vaccination rate. The number of vaccines received by the MoH is enough to give the 3rd and 4th shots for people aged 18 years and older who are eligible for vaccination, it said. The ministry proposed leaders of the provinces and cities direct the Departments of Health and related agencies to promptly review the number of people who are eligible for COVID-19 vaccination, focusing on completing the injection of third shots for people 18 years old or older in the second quarter of … [Read more...] about Localities urged to step up vaccination against COVID-19
Vietnam Electricity gearing up to keep lights on for dry season
The Van Phong 500kV transformer station under construction in Khanh Hoa province (Photo: VNA) Hanoi (VNA) – Vietnam Electricity (EVN) said it will make adjustments to the power grid to ensure power supply for daily public energy use in the second quarter - the peak of the dry season, when power generation becomes a serious issue. Daily consumption in April was estimated at 779 million kWh while load power stood at about 42,124 MW, rising 5.3 percent year on year. Difficulties are likely to linger on this season in terms of coal supply for thermal power plants . The State-owned group said coal shortages were recorded in Q1, at 1.36 million tonnes lower than the contracted volume, forcing thermal power plants to cut turbines, reducing output by 1.365 billion kWh. Facing that reality, the firm worked with coal suppliers to find solutions and reported the problem to authorities. EVN flexed its fleet of hydropower plants so as to guarantee both power generation … [Read more...] about Vietnam Electricity gearing up to keep lights on for dry season
President emphasizes importance of timely support for people, enterprises
President Nguyen Xuan Phuc speaks at the meeting with the National Assembly deputies group of Ho Chi Minh City. (Photo: SGGP) According to the President, the economic indicators in the first five months of 2022 are encouraging, showing signs of growth in budget revenue, import and export, and agriculture. The macroeconomy has always been maintained and is the outstanding point in operating. Vietnam's vaccination strategy has been implemented drastically and is recognized by the world. However, the signs of inflation are clear, especially when Vietnam's economy has a fairly high openness. The stock market is an important capital mobilization channel, but billions of dollars have been evaporated recently. Therefore, it is necessary to have better measures and methods to support the stock market to stabilize, send capital flows to businesses, create jobs, and determine growth. State President Nguyen Xuan Phuc quoted an article "Not let inflation sweep away underprivileged people" … [Read more...] about President emphasizes importance of timely support for people, enterprises
Localities urged to step up vaccination against Covid-19
A student is vaccinated against Covid-19. (Photo: VNA) Some localities have recently proposed not receiving vaccines or transfer the allocated vaccines, leading to the fact that the Covid-19 vaccination target is likely to be missed, the ministry said, citing a report from the National Institute of Hygiene and Epidemiology (NIHE). As of May 21, more than 219 million doses of Covid-19 vaccines have been administered nationwide. Localities have made great efforts in rolling out vaccination campaigns to ensure its safety and effectiveness and achieve a high vaccination rate. The number of vaccines received by the MoH is enough to give the 3rd and 4th shots for people aged 18 years and older who are eligible for vaccination, it said. The ministry proposed leaders of the provinces and cities direct the Departments of Health and related agencies to promptly review the number of people who are eligible for Covid-19 vaccination, focusing on completing the injection of third shots … [Read more...] about Localities urged to step up vaccination against Covid-19
False declaration of prices in transferring real estate cause losses
To promote the management of real estate transfer activities, the Ministry of Finance has sent an official dispatch to the People's Committees of provinces and centrally-run cities, to co-ordinate and implement solutions to prevent losses. — VNA/VNS Photo Thanh Dat Organisations and individuals buying, selling and transferring real estate under two separate prices, meaning that the actual purchase price is lower than that on the notarised contract, is increasingly common and has caused great losses of revenue to the State budget. The tax industry has implemented many solutions, recommending that taxpayers need to be honest in declaring actual prices to protect their own interests. In real estate transfer activities, there are still cases in which the house prices declared on real estate transfer contracts with notarised certification, are much lower than the actual prices. There are also contracts of purchase and sale of houses and construction works which are formed in the … [Read more...] about False declaration of prices in transferring real estate cause losses
Different plans to be prepared for safe and effective operation of the securities market
Deputy Minister of Finance Nguyen Duc Chi. The State authorities have recently taken a number of measures to strengthen the management and supervision of the securities market, including replacing the head of the State Securities Commission and taking disciplinary measures against leaders of the two national stock exchanges and the Viet Nam Securities Depository. Deputy Minister of Finance Nguyen Duc Chi, who was appointed to take the charge of the State Securities Commission from May 19, spoke to the media about solutions to ensure the stable and safe operation of the securities market in the future. What is the view of the Ministry of Finance on the recent violations of the State management agencies in the securities market? Recently, authorities inspected activities on the stock market as well as State management agencies in charge of the market and have discovered the shortcomings and weaknesses of officials and civil servants in the process of performing their duties. … [Read more...] about Different plans to be prepared for safe and effective operation of the securities market