Mr. Nguyen Duc Hien, Deputy Head of the Central Economic Committee, said that over the past ten years, urbanization and urban development in Vietnam had seen rapid growth, promoting the country's economic development and achieving many set targets. The space and number of urban areas have increased rapidly from 33.5 percent in 2010 to nearly 39 percent in 2020. Urban areas were evenly distributed, creating a nuclear driving force for the process of socio-economic development. The urban economy is one of the three pillars of the economy, accounting for more than 7 percent of the country's gross domestic product (GDP). However, urbanization and urban development still show many shortcomings, such as the risk of imbalance in development between urban and rural areas, overloaded infrastructure, and asynchronous connection. Assessing the real estate market recently, Mr. Nguyen Van Sinh, Deputy Minister of Construction, said that the development of the real estate market is not sustainable. … [Read more...] about Urbanization spurs socio-economic development
Factors favouring industrial development
David Knapp, General Director of Motorola Vietnam meanwhile said the impacts brought by the country's accession to the WTO will help increase the market's demand and make the whole economy continue developing, thus creating opportunities for ICT development. … [Read more...] about Vietnam’s ICT ready for stronger development in 2007
Like the Webinar itself, surveyors have embraced the benefits of a "hybrid" working approach, by infusing traditional practices with newer and more powerful tools. The challenge that Covid-19 brings along is also an opportunity for further advancement in light of quick adaptation to the constant changing status quo. Smarter tools and technologies unleash surveyors' creativity and enhance their precision. The HKIS Annual Conference facilitates the exchange of knowledge and experience across surveying industry. … [Read more...] about The Hong Kong Institute of Surveyors Annual Conference 2020 Steps Forward on Application of New Technologies in Surveying Industry
The working group will also work on policies to give incentives to enterprises which make investment in manufacturing car parts. There will also be preferential credit packages for automobile supporting industries (car part manufacturing) and for buyers of domestically-made cars. … [Read more...] about When will taxes be lowered to reduce automobile prices?
Bac Ninh (VNA) – An official of Bac Ninh expressed his hope that Sri Lanka will invest in many projects in this northern province, as well as Vietnam as a whole, while receiving a delegation of the Sri Lankan Embassy led by Ambassador Prasanna Gamage on November 27. Informing his guests about local development, Vice Chairman of the provincial People’s Committee Vuong Quoc Tuan said Bac Ninh is among the fast growing localities in Vietnam. This year, its gross regional domestic product (GRDP) is estimated at 121.7 trillion VND (5.2 billion USD, up 1 percent from 2019), industrial production value over 1.1 trillion VND (ranking first in the country), exports 36.5 billion USD (up 7.3 percent), collection for the State budget nearly 29.8 trillion VND (up 1.6 percent from the target), and average per capita income 79.9 million VND (up 8.1 percent). There are 16 industrial parks across the province at present, including 10 already becoming operational and attracting more than … [Read more...] about Bac Ninh invites investment projects from Sri Lanka