Feds rate hike

The country should have a high level of urbanization comparable to ASEAN and Asia by 2045. Vietnam aims to have at least five cities of international caliber to serve as locomotives for regional and international development networks by 2045, according to an action plan released by the Ministry of Construction (MoC) recently. Under the action plan, the ministry will execute two resolutions, one by Politburo and the other by the Government, on the sustainable development, management, and construction of urban areas in Vietnam by 2030 with a vision for 2045. Hanoi from above. Photo: Huu Thang The country plans to build a high level of urbanization comparable to ASEAN and Asia by 2045. The urban system would be integrated, balanced, and sensitive to climate change, natural disasters, and epidemics, while promoting environmental protection and distinctively modern architecture with green and smart elements, according to the action plan. Other key targets … [Read more...] about Vietnam aims for five international-standard cities by 2045

In an interview granted to the Vietnam News Agency, the official said that now in the fourth year of the pandemic, Vietnam and the world are in a much better place than they were even 12 months ago. “The tools and vaccines we have are proven to protect lives and significantly reduce risk of severe illness and death and also, in most places, to enable health systems to function more normally again,” she said. She added it is hoped that 2023 will be the year in which COVID-19 can be said to be over as a public health emergency of international concern. Assessing Vietnam's response to the COVID-19 pandemic for each stage of the pandemic, Angela said that from the start, Vietnam had well-calibrated and strong public health and social measures in place. These included a strong capacity for early detection and response, robust surveillance measures, strong border measures, and social restrictions, community adherence to personal protective behaviors; and healthcare capacity. “All … [Read more...] about Vietnam in sustainable management phase of COVID-19 pandemic: WHO representative

Vinhomes Ocean Park 2 in Hung Yen province. Hung Yen Urban Investment and Development Co issued two lots of bonds worth total 7.2 trillion VND on March 16 with collateral of property rights arising from business cooperation contracts at Vinhomes Ocean Park 3 project. (Photo courtesy of Vinhomes) Hanoi (VNS/VNA) - The corporate bond market is showing signs of recovery after a prolonged period of inactivity with a notable increase in both the number of issuers and value of issuance. Data on the Hanoi Stock Exchange showed as of March 24, eight companies issued bonds worth more than 23.8 trillion VND (over 1 billion USD), of which real estate firms dominated the market with total issued value of 19 trillion VND, accounting for 80% of total value. This number was a significant increase compared to the value of 500 billion VND in February and 110 billion VND in January. On March 16, two realty firms – Hung Yen Urban Investment and Development Co Ltd and Southern Star Urban … [Read more...] about Corporate bond issuance surges in March after prolonged inactivity

Illustrative image (Source: VNA) Hanoi (VNA) – The Ministry of Agriculture and Rural Development on March 24 sent a document to coastal communities, asking them to quickly establish their own fisheries surveillance teams to enforce legal regulations on the exploitation and protection of aquatic resources. In a document sent to Chairpersons of the municipal and provincial People’s Committees, the ministry pointed to the fact that aquatic resources, biodiversity and marine ecosystems are declining rapidly, along with huge and unsustainable exploitation. Meanwhile, the apparatus organisation for law enforcement in the localities has yet to be strengthened, and there are shortages of both workforce and equipment to carry out patrols, inspections and the settlement of wrongdoings at sea, leading to the high rate of violations of relevant legal regulations. According to the ministry, about 20% of the inspected vessels have committed violations. After three inspections on … [Read more...] about Coastal communities to fight illegal fishing with own surveillance forces