Danang calls for investment in 10 projects in next five years Tien Sa Port in Danang City. The city wants to call for investment in Lien Chieu Port and make the Tien Sa Port the cruise port Six of the projects have had their scales determined, with a combined investment capital of more than VND100 trillion, while the four remaining projects depend on proposals from investors. The project of building the city subway system will be the largest, with an amount up to VND54.5 trillion. The city wants to call for investment into this massive project under the Public - Private Partnership (PPP) mode. The system will follow two directions. One of them is on the East-West way, connecting the Nam O region in the Northwest, adjacent to Hai Van Pass, going through the downtown area to the An Hai Dong area (My Khe beach). Meanwhile, on the North-South way, the subway will start from the Son Tra Tinh Vien area (in Son Tra peninsula) to the vicinity of Danang airport. Reportedly, in the Northwest region, there are many large investment projects, including Japan’s Mikazuki hospitality complex and new residential areas named Golden Bay, Thuy Tu, Golden Hills and the cluster of the Danang High-tech Park and the Information Technology Park. In addition, Danang is also calling for investment for Lien Chieu Port in this area. This project has a total investment capital of nearly VND7,400 billion (including State and private investment), developing two initial berths, capable of receiving general ships, bulk cargo with 100,000 tons and container ships from 6,000 to 8,000 TEUs, ensuring throughput of goods from 3.5 to 5.0 million tons a year. When these projects are constructed synchronously, they will be the driving force for Danang's economic development in the Northwest region. Among the 10 projects, there are also some prominent projects such as the railway station relocation and urban development project worth VND12,636 billion and the tunnel going …
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Big businesses pour money into agriculture, expect no profit in short term
Some billionaires have made big investment in agriculture with an ambitious plan to build a strong brand for Vietnam’s farm produce, but they do not expect to make a profit in the short term. Soc Trang ST25 rice Decade of investment Vinaseed (NSC) of Nguyen Duy Hung and Vinmart of billionaire Nguyen Dang Quang have reached an agreement on the distribution of ST25, recognized as the world’s best rice variety in the world, within the Vinmart and Vinmart+ network nationwide. Soc Trang’s ST25, cross-bred in 2010, is now grown on a large scale in Mekong Delta. The famous scented rice variety of Soc Trang gives high yield which can be farmed for two or three crops a year. Meanwhile, Thailand’s scented rice is a long-term variety and there is only one crop a year. ST25 has been distributed throughout the country for 10 years thanks to efforts by Hung and Quang. The task of building Vietnam’s rice brands and improving rice production so that Vietnamese no longer want foreign rice has been partially implemented. Large corporations and prestigious businesspeople have created changes in the thinking about rice production. Doan Nguyen Duc, or Boss Duc, president of Hoang Anh Gia Lai (HAG), who laid a foundation for large-scale agricultural production with billions of dollars poured into his projects has reaped fruit in the agriculture sector. Duc said he will continue to develop agricultural production in an ambitious plan to build an "outstanding Vietnamese agricultural empire" in Southeast Asia. Two years after the signing of a cooperation agreement with Thaco, HAGL Agrico has more potential than ever. The huge land bank owned by HAGL Agrico and its potential were why Tran Ba Duong, president of Thaco, an automobile manufacturer, agreed to pour money into the company. It is estimated that $1 billion was invested by Thaco into Duc’s enterprises, mostly in the agricultural sector. HAGL was well known as a big real estate firm, but is now better …
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Vietnam’s tourism ministry gives support to stranded foreign tourists
The Hanoitimes - Local hospitality businesses need to collect, update and report to the tourism authorities about the number of foreign guests who are forced to stay at their facilities due to reasons beyond their control. The Vietnam National Administration of Tourism (VNAT) has asked local tourist accommodations to exempt and reduce room charges for foreign tourists who are stuck in Vietnam due to the coronavirus pandemic, until the Ministry of Transport can arrange flights to send them home. Foreign tourists wearing face masks in Hoi An, Quang Nam province. (Photo: To Quoc) Earlier, the VNAT had requested the provincial authorities to urgently check and list foreign tourists who are stuck in the localities due to border closures and flight suspension. These foreigners are passengers who may be in quarantine, stranded due to flight suspension or in transit to a third country which closed its borders. The provincial authorities will report to the Ministries of Transport and Foreign Affairs about the number of foreign tourists, their departure points in Vietnam and countries/territories where the tourists come from. During this stay-at-hotel period, tourist accommodations are required not to organize buffet and cater for guests right inside the room, supervise guest health and take measures to ensure the safety of guests and employees. They should remind guests to refrain from going out, make mandatory medical declarations, regularly check body temperature, wear face masks and keep a two-meter distance from each other when in contact. In late March, the Vietnam’s Immigration Department has also facilitated procedures for extension of temporary residence for foreigners who are unable to leave the country due to the Covid-19 pandemic. Accordingly, foreigners who entered Vietnam with a visa waiver or tourist visa (including electronic visas) and who have their resident permits expired but do not have any sponsoring entity and …
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