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The HCM City People's Committee has just asked for the urgent relocation of residents from an apartment building at 440 Tran Hung Dao Street in District 5 due to fears of collapse. HCM City will relocate residents from an apartment building at 440 Tran Hung Dao Street in District 5 due to fears of collapse According to the committee's report, the building was built in the early 1970s and has seriously deteriorated. It needs to be pulled as it is at risk of collapse. "Local authorities have advised residents here to move out to resettlement areas but some 32 households decided to stay to wait for compensation from the government before moving," the report said. The committee asked local authorities in District 5 and the Department of Finance to properly arrange compensation and resettlement apartments for these families so that they can move out of the building. District 5 authorities previously proposed to move residents to An Phu Apartment Building … [Read more...] about HCM City to urgently move residents out of collapsing building

Providing a fresh perspective on how the transition could be executed effectively, the US Embassy shared its experiences in developing policy regarding transformation and potential support. The US is willing to share its technology, capital, and policy/technical expertise to help Vietnam in energy transition, Sean M. Lawlor, an energy officer at Econ-ESTH Section from the US Embassy in Vietnam said at a conference held in Hanoi this week. The conference themed “Strategies & Partnerships to accelerate Vietnam’s energy transition” was jointly organized by Cong Thuong Newspaper and GE Vietnam, one of the first American companies opening representative office in Hanoi in 1993, even before the US embargo was lifted. “The US initiated the energy switch more than a decade ago and has reported a drop in the use of coal by half, a jump of natural gas to 38% in the country’s energy mix, and clean energy solutions as favored by the government," Sean M. Lawlor said. He added that … [Read more...] about US willing to share technology to help Vietnam in energy transition

The Vietnam Office of the Japan International Cooperation Agency (JICA) has asked the Vietnamese government to consider promptly giving funds to Ho Chi Minh City Urban Railways No. 1 Company Limited (HURC 1), which is at risk of halting operation. In his recent letter to Tran Van Son, Minister-Chairman of the Government Office, Shimizu Akira, Chief Representative of the JICA Vietnam Office, mentioned some issues related to the city’s Metro Line No. 1, including the urgent need of providing a budget to HURC 1 so that it can maintain operations. HURC 1, the operator of the city’s first metro project, is facing a big problem as its initial charter capital has been used up to pay for operating expenses in the past time and is now facing the risk of suspension due to lack of funds, the JICA said. Earlier in January this year, JICA sent an official letter to the Ministry of Planning and Investment and the Ministry of Finance requesting early allocation of funding to the company. … [Read more...] about JICA urges funding for operator of Ho Chi Minh City’s first metro line

Bac Giang expands development space for industry, services. - Illustrative image (Photo: baobacgiang.com.vn) Bac Giang (VNA) – Chairman of the People’s Committee of Bac Giang province Le Anh Duong said the province will focus investment on developing socio-economic infrastructure , aiming to create breakthroughs to attract investment in the time ahead. According to Duong, Bac Giang plans to accelerate work to complete several key projects early, including a 7-storey building for the provincial hospital, and expansion of the functional rehabilitation hospital and medical centres of Tan Yen, Lang Giang and Hiep Hoa districts. Besides, Bac Giang will speed up the pace of transport projects with the aim of expanding the space for the development of industry and services by connecting with other localities such as Bac Ninh, Hai Duong, Thai Nguyen, Lang Son, Hanoi and Quang Ninh. The projects include a road linking National Roads 37 and 17 and Vo Nhai in Thai Nguyen, a road and … [Read more...] about Bac Giang expands development space for industry, services

Shipping upgrades targeted for 2030-illustration photo, freepik.com The Vietnam Maritime Administration (VMA) has asked the Ministry of Transport (MoT) to implement procedures to approve the development of Vietnam’s international shipping fleet over the next few years. Currently, Vietnamese ships transport freight within the country’s waters only, without a strong capacity for international routes. The VMA has proposed policies to develop Vietnam’s international shipping fleet and increase its market share in the next five years, involving combined incentives related to VAT, import tax, personal income tax (PIT), and concessional loans. To reduce the financial burden for shipping owners, it is necessary to remove the application of 10 per cent VAT according to current regulations for imported freight ships until the end of 2026, the VMA suggested in a document sent to the MoT. Its figures show that VAT on imported ships was VND234 billion ($10.1 million) in 2020 and VND109 … [Read more...] about Shipping upgrades targeted for 2030

The Corio Generation teams up with FECON at the offshore wind power project in Ba Ria-Vung Tau province The partnership demonstrates Corio’s commitment towards renewable energy development in Vietnam, said company representatives at a signing ceremony in Hanoi. The proposed offshore windfarm, located 23-35km from the coast, could be among the first large-scale offshore wind projects to be built in Vietnam, once licences and approvals are obtained. The fixed-bottom project could produce around 1,250GWh of clean electricity and avoid more than 600,000 tonnes of carbon emissions a year, according to an analysis by the Green Investment Group. Guillermo Martinez-Navas, senior director of Corio Generation, giving remarks at the signing ceremony “With its vast wind resources, Vietnam can be a Southeast Asian powerhouse in offshore wind, providing clean, affordable electricity, as well as supporting jobs and economic opportunities for local communities,” said … [Read more...] about Corio partners with Vietnam’s FECON on Vung Tau wind farm

The Viet Nam Security Summit 2022 is organised in Ha Noi on Thursday— Photo hanoimoi.com.vn Ensuring cyber information security for digital platforms is a top priority and an integral task in the digital transformation process, said Deputy Minister of Information and Communications Nguyen Huy Dung at the Viet Nam Security Summit 2022. The Viet Nam Security Summit 2022 is organised by the Authority of Information Security and IEC Group under the Ministry of Information and Communications chairmanship and held in Ha Noi on Thursday. This is one of the most significant annual information security events in Viet Nam. With the theme "Cyber security for national digital platforms: Creating a sustainable digital future," the event aims to help leading domestic and foreign policymakers and strategists, experts and suppliers by providing solutions to meet, discuss and share to improve the capacity to respond to non-traditional cybersecurity risks and protect important digital … [Read more...] about Ensuring cyber security a top priority: deputy minister

The first train of the Bến Thành – Suối Tiên metro line. — VNA/VNS Photo HÀ NỘI — Hồ Chí Minh City Urban Railways No.1 Company Limited, which has run out of money for its operation, has sent a document to the Government Office asking for the Prime Minister's permission to let the People’s Committee of the HCM City make an advance payment for the company’s operating costs. The State-owned company, the operator of the Bến Thành – Suối Tiên metro line that will be put into commercial operation late next year, was established in 2015. Under a project establishing the company, it is allocated a budget to ensure its operation in the period it has no revenue because the metro line is yet to be commercially operated. The company was given a charter capital of VNĐ14 billion (US$602,000) to purchase basic office equipment, but the operating cost has not been allocated. Therefore, the company had to use the charter capital to cover operating costs. After seven years, the charter … [Read more...] about HCM City metro company out of operational funds, requests Government help

The Geneva Package put the WTO into the spotlight on world stages and become relevant again in the present world politics. The outcomes of the WTO's 12th Ministerial Conference, held in Geneva, Switzerland, from 12 to 17 June 2022, are of extremely great importance to the future of the World Trade Organization (WTO). WTO headquarter is in Geneva, Switzerland. Photo: Reuters/VNA The gathering was initially scheduled to end on 15 June, but then extended by another two days to allow more time for negotiations and reaching agreements. It was postponed two times just in a period of time in which the world trade and world economy deadly needed WHO's leading and contributing roles and active and effective actions. Therefore, the conference outcomes helped revive this biggest world trade body. The WTO has legitimate reasons to be happy and to have self-confidence again. Its 164 members have finally approved at this conference the so-called "Geneva Package". The main … [Read more...] about Reviving WTO

The working session between the delegation of the Home Affairs Ministry with HCMC People’s Committee (Photo: SGGP) Finally, he suggested that the Home Affairs Ministry not reduce 10 percent of the staff in state-owned organizations, including those in the educational, medical fields, but increase the annual proportion of autonomous state-owned organizations to be independent of state budget. Director of the HCMC Home Affairs Department Huynh Thanh Nhan informed that at present, the total number of civil servants and public servants in the city according to the Resolution of HCMC People’s Council is 14,470 and 99,985 employees respectively, compared to the allocated quantity by the Central Government of 10,869 and 95,923 workers. The city has asked the Central Government to recognize these numbers for many years, but there is no approval yet. As to difficulties in applying the urban government model, Director of the HCMC Finance Department Pham Thi Hong Ha shared that many … [Read more...] about HCMC determinedly addressing issues in urban government establishment