Introduce ho chi minh city

Photo: VNA For this year’s event, a total of 300 exhibitors from 12 countries globally are to showcase their products from the supporting industry, cutting-edge industrial technologies, and new production trends from the field across 460 pavilions. Pham Thanh Kien, Director of HCM City’s Department of Industry and Trade, said the exhibition is poised to enjoy the participation of a number of leading brands such as Doosan Infracore, TOPEYE Corporation, Neuromeka, Shinseng Industrial Co., Ltd, HBL Inc., and Chowel Corporation. Both the Vietnam International Machinery Fair 2019 (VIMAF) and the Vietnam Supporting Industry Fair 2019 (VSIF) are scheduled to conclude on December 14, with the events hosting a wide range of activities including trade exchanges and visits to production factories. Upon addressing those in attendance at the opening ceremony, Nguyen Thanh Phong, Chairman of the Ho Chi Minh City People's Committee, emphasised that recent years have … [Read more...] about Series of supporting industry exhibitions gets underway in HCM City

1,400 apartments of a resettlement project in HCM City have remained idle despite the city’s serious housing shortage. Vinh Loc B resettlement area The VND1trn (USD43m) Vinh Loc B resettlement area covers nearly 31 hectares. It was built in 2010 and includes 2,240 apartments. However, rarely anyone has lived there in the past decade and the site has deteriorated badly. Nguyen Ngoc Hoai Tam, a resident at Vinh Loc B, said his family was relocated in the Nguyen Van Cu traffic project. They have moved in there three years ago. Tam's brothers also meet the requirements to buy an apartment there but most of them decided to rent a room somewhere else. "They already settled at the old location and this resettlement area is 10km away from their schools and workplaces," Tam said. The similar situation is also seen in the resettlement area for the locals affected by the Thu Thiem New Urban Area Project. The resettlement has 12,500 apartments but thousands are still left empty after … [Read more...] about HCM City fails to find solutions to housing supply problem

Motorbike drivers hide under a bridge awat from the red light as afternoon temperatures reach 37-39 degrees Celsius, or 98.6 -102 degrees Fahrenheit. Motorbike drivers wrap themselves up from the sun. Sang, a construction worker in Go Vap District, is all sweaty under the scorching heat. “I bathe in sweat," he said. "I have to take a drink break every 10 minutes." Phan Tan, a xe om motorbike taxi driver, uses a jacket to shield him from the sun while waiting for passengers on Truong Chinh Street in Tan Binh District. Heat wave makes life tougher for outdoor workers. A construction worker covers herself up as she sprays water in front the construction site to cool down the air. The blistering hot weather makes people, especially children, fall sick. Saigon hospitals are crowded with child patients these days. Many residents flock to the Saigon River for some cool air. Swimming pool is an ideal hideaway. April is usually the hottest month in the city. … [Read more...] about Sweat it out: Saigonese struggle as heat wave bakes city

Resolution No 10/2017 of the municipal People’s Council, which seeks to encourage investment to transform the farm sector into a modern, efficient and sustainable one in 2017-20, provides for the subsidy. The loan amount entitled to the support will be based on the investment scale and the regulations of the lending organisation.  The subsidy will be equal to the average VND12 month deposit interest rate at four State-owned banks - Agribank, BIDV, Vietcombank, Vietinbank - plus 2%. If the lending interest rate is lower than the subsidy rate, the subsidy provided will be equal to the former. The subsidy will cover the following components: basic construction, machinery and equipment for agricultural production and processing, harvesting birds’ nest, buying new fishing vessels and upgrading machine capacity, replacing existing unproductive dairy cows, and seed and hi-tech agricultural production. The term of support will depend on the approved production cycle but not … [Read more...] about HCM City to pay interest for hi-tech farms

Jun Sung Ho, general director of Lotte E&C Vietnam Jun Sung Ho, general director of Lotte E&C Vietnam, shares about the company’s development journey in Vietnam and its commitment to create an iconic high-end residential development as the main contractor at Novaland’s flagship project, the Grand Manhattan. Could you give us a glimpse into Lotte Engineering and Construction’s (Lotte E&C) track record in development as well as its experience in high-end residential project construction? Lotte Group is the fifth-largest conglomerate in Korea, expanding its business and contribution to the economy with 107 affiliate companies. As a main member of Lotte Group, Lotte E&C is one of the top 10 general contractors in Korea with the annual revenue of $5.25 billion in 2018. Established in 1959, Lotte E&C has carried out many construction projects including building works, housing works, civil and infrastructure works, and plant works, among others. Also, … [Read more...] about Lotte E&C to create a hallmark in Vietnam’s high-end residential segment