Ikeja is under which local government

The Consulate General of India in Ho Chi Minh City will team up with the Vietnam Yoga Federation to roll out the 2023 International Yoga Day in 22 provinces and cities in Vietnam’s southern region at the end of June. This edition will be the biggest ever since the yoga fest was first launched in the Southeast Asian nation in 2015, Consul General of India in Ho Chi Minh City Madan Mohan Sethi told a press briefing on Tuesday. The yoga event is part of a wide range of cultural exchange, tourism, trade, and investment promotion events to mark 50 years of diplomatic ties between Vietnam and India, said the consul general. Speaking at the press conference, Sethi affirmed that Vietnam plays an important role in India’s Act East Policy, an effort by the Indian government to cultivate extensive economic and strategic relations with Southeast Asia. India strongly believes in Vietnam’s support, he added. “Both India and Vietnam see mutual respect and trust as the pivot of long-lasting … [Read more...] about Int’l Yoga Day to take place in 22 localities across Vietnam in late June

Hanoi will apply many solutions to improve the efficiency of enforcing food safety regulations in 2023 and the future. The Hanoi People's Committee has issued a plan to ensure food security for ten million people in the capital by 2030. The plan, signed by Deputy Chairman of the Hanoi People's Committee Nguyen Manh Quyen, aims to strengthen the responsibilities of local governments and socio-political organizations to ensure food safety and security in Hanoi in all circumstances. The plan also aims to promote the resources of all economic sectors and support from the State to develop agriculture in a sustainable way. A farmer introduces a new rice variety in Hanoi’s outskirts. Photo: Lam Nguyen/The Hanoi Times According to the plan, by 2030, Hanoi will have approximately 55,000 hectares of rice production with an annual output of at least 660,000 tons of rice. In addition, the city has set targets to increase food consumption, reduce the rate of … [Read more...] about Hanoi to ensure food safety for ten million residents

The government last week reported that under its latest calculations, the state budget revenue last year hit about VND1.815 quadrillion ($78.93 billion), which is VND201.4 trillion ($8.75 billion) or 12.5 per cent higher than a previously reported figure. “The revenue has sufficiently met all tasks on expenditures for development investment, social security, salary reform, and other necessary tasks,” the government stated. Budget estimate shortcomings require modern fix Such a revenue increase was thanks to a rise in many items, with enterprises performing relatively well despite massive difficulties. For example, the economy’s most updated export turnover last year reached $371.3 billion, higher than the $368 billion earlier reported to the National Assembly – with the exact trade surplus of more than $12.4 billion, far higher than the only $1 billion earlier reported to the legislative body. However, the National Assembly Economic Committee (NAEC) found that the … [Read more...] about Budget estimate shortcomings require modern fix

The directive highlighted that Vietnam's digital economy has witnessed a strong development with the important contribution of e-commerce in recent years. The Government has issued many policies, regulations and drastic measures to improve the efficiency of state management over e-commerce activities, business on digital platforms and tax management. However, the rapid development of the e-commerce market has posed big challenges to the management of e-commerce activities and tax administration, it said. To adapt to the change in the business environment on the digital platform, there must be close coordination between specialized management agencies to control payment transactions and authenticate information of business organizations, individuals and taxpayers. In order to increase the effectiveness and promote digital transformation in the state management of e-commerce activities, trading on digital platforms and cross-border business as well as the sharing of data among … [Read more...] about Prime Minister issues directive to enhances data sharing for e-commerce development

Speaking at a May 19 conference on plans to develop one million social houses for lower-income people and workers by 2030, Minister of Construction Le Thanh Nghi said that the ministry would coordinate with authorities to ensure it achieved its social housing targets. The ministry (MoC) has completed the draft amended Law on Housing, which has been approved by the government and submitted to the National Assembly for approval. It is hoped that the amended law will draw policies for social housing development and take effect from 2024, including planning and reserving land for social housing development, selection of project investors, and procedures for implementation. As of Q1 2023, Vietnam has completed just over 300 social housing projects in urban areas and worker housing projects in industrial zones (IZs), with nearly 156,000 units in total. About 400 projects are still planned to be built, with a total scale of 454,000 apartments. However, demand has not been fully met. … [Read more...] about Investors wanted for social housing efforts

Hotel supply in Vietnam has tripled over the past decade, photo Le Toan According to a report by DKRA Vietnam, the supply of villas and town houses across the country continued to decrease from the end of the second quarter of 2022. Specifically, in April only two projects were opened for sale, providing 12 apartments to the market, down 69 per cent from the previous month and down 98 per cent compared to the same period last year. Particularly, the Central region recorded the fourth consecutive month that no new projects were introduced to the market. “It is expected that in the next few months, supply and demand may increase slightly. However, the market will not have obvious fluctuations with key transactions, except from expected transactions on Phu Quoc island,” according to DKRA’s report. The primary selling price did not alter greatly compared to the previous month. Instead, investors have aggressively launched discounts up to 30-40 per cent to stimulate market … [Read more...] about Second home real estate on the slow path to recovery