Accommodation, finance and low cost of living make the city attractive to expats, a survey by InterNations, the largest global community and information site for people who live and work abroad, found. Expat City Ranking polled more than 20,000 people representing 178 nationalities living in 187 countries and territories about 82 cities around the globe. They were asked questions on quality of urban living, getting settled, urban work life, finance and housing, local cost of living, and happiness level. Ho Chi Minh City did well in almost all of them except the quality of urban living index, where it ranked 63rd. It topped in the Finance and Housing Index with close to nine in 10 saying it is easy to find housing, compared to 50 percent globally. 77 percent said they are happy with their financial situation in the city, compared to the global average of 57 percent. In the Local Cost of Living Index 81 percent are satisfied with the cost of living in the city against the global rate of … [Read more...] about HCMC is 3rd best city for expats in 2020: survey
High ranking city official
Downtown toll can reduce traffic congestion losses: HCMC officials
Compared to an estimated congestion-caused loss of $6 billion every year, the annual mitigation would be worth $0.7 billion. The city can save about VND245 trillion in 15 years by reducing traffic congestion with toll gates for cars entering its downtown area, said Lam Thieu Quan, director of the Innovative Technology Development Corporation (ITD), which suggested the plan. The figure is derived from quantifying the benefits of less traffic congestion, he said. Traffic congestion is estimated to cost HCMC about VND140 trillion ($6 billion) every year through wasted time and fuel. Once the toll gates start functioning, vehicles would travel 10 percent faster and each driver and passenger on the road would save about 12 minutes which would have otherwise been lost in traffic jams. That means each driver and passenger would save VND40,000 ($1.7) per day, or $10.6 billion in 15 years (2020-2035). Quan said 10 percent of the city’s population use cars, while 80 percent use … [Read more...] about Downtown toll can reduce traffic congestion losses: HCMC officials
HCM City launches I-Star Awards
HCM City has launched the I-Star Award 2018 contest on creativity, innovation and business start-ups. — VNS Photo Ngọc DiệpViet Nam News HCM CITY — HCM City officials yesterday launched the I-Star Award 2018 competition on creativity, innovation and business start-ups. Nguyễn Việt Dũng, director of the city’s Department of Science and Technology, said the organisers want to build a culture of innovation and start-ups in all fields and spread the spirit of creativity and innovation. In recent year, startups have grown rapidly in the city, attracting domestic and foreign investors. “We hope this annual award will encourage and speed up innovation activities, and that research results will be applied in the community,” he said. Dũng is head of the award’s organisation board, which includes officials from the city’s departments and divisions. The awards are divided into four … [Read more...] about HCM City launches I-Star Awards
Tap water safe, but don’t use it just yet: Hanoi officials
Nguyen Nhat Cam, director of the Hanoi Center for Disease Control, said all eight tap water samples collected Monday met safety standards for all 107 parametric values including styrene, a carcinogenic that had been found in excessive quantities in supplies to southwestern Hanoi. "All values are within allowed limits. However the samples were collected three days ago, so we still recommend that people do not use the water supplied by the Da River water plant from Wednesday night for drinking or cooking," he said, adding that the city had instructed that the water supply resumes so people could clean their water tanks. The center is still working with the National Institute of Occupational and Environmental Health to collect water samples daily, and another announcement would be issued once the water is safe for consumption, Cam said. Regarding the concentration of styrene 1.3-3.6 times the allowed limit in samples collected Thursday and Friday last week, Cam admitted that while Vietnam … [Read more...] about Tap water safe, but don’t use it just yet: Hanoi officials
Vietnam slips one place in ease of doing business ranking
It slipped one place despite improving its overall score from 68.36 points last year to 69.8 this year, according to the World Bank's Ease of Doing Business 2020 report released Thursday. The report ranks 190 economies around the world based on 10 criteria: starting a business; dealing with construction permits; getting electricity; registering property; getting credit; protecting minority investors; paying taxes; trading across borders; enforcing contracts; and resolving insolvency. This year, Vietnam fared better than several Southeast Asian peers like Indonesia (73rd), the Philippines (95th), Cambodia (144th), Laos (154th) and Myanmar (165th). In Southeast Asia, Vietnam was ranked fifth after Singapore (2nd), Malaysia (12th), Thaialnd (21st) and Brunei (66th). Vietnam has been striving to improve its business environment in recent years. The most significant improvement was made in paying taxes, which jumped 22 places from last year to 109th this year thanks to upgrading the … [Read more...] about Vietnam slips one place in ease of doing business ranking