Key transport project

The three projects are located at prime locations on Hung Vuong Street in Hai Chau District, about 400 meters from the Han River. They are the Da Nang Center project (No. 1), Diamond Square project (No. 2), and the Golden Square commercial complex, office, hotel, and luxury apartment project (No. 3). The Da Nang Center project, invested in by Vu Chau Long Real Estate, covers an area of ​​​​more than 7,800 square meters and has a total capital of nearly VND500 billion ($21.25 million). When construction started in March 2008, the project was advertised as high-rise apartment buildings, a high-class standard commercial center, and a five-star hotel and conference center. However, no development has been going on and rainwater has turned the project area into a pond. With its northern façade bordering a residential area, part of the project has now been turned into a landfill as locals arbitrarily throw trash … [Read more...] about Abandoned projects result in prime land waste in Da Nang

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

Presiding over the ceremony, Mayor of Poitiers Eléonore Moncond'huy spoke highly of the the twinning relationship between the French locality and Vietnam's central city of Hue in particular, as well as the traditional cooperation between the two countries in general. She called on partners of the Nouvelle-Aquitaine region, including Poitiers, to proactively renew existing relationships, and look for new cooperation fields such as energy transformation, digital transformation, and green and sustainable development. Representing officials of the Nouvelle-Aquitaine region, Pascal Duforestel highlighted the traditional twinning relationship between Vietnam’s Lao Cai province and Poitou-Charente (the old name of the Nouvelle-Aquitaine region before 2016), which has been maintained and developed until now with cooperation projects in agriculture, French language teaching and tourism training. He pledged that the regional authority will support twinning cooperation projects, and promote … [Read more...] about Vietnamese, French localities look to step up cooperation

Secretary of the Hanoi Party’s Committee Dinh Tien Dung on March 24 asked for continued support from the UNESCO World Heritage Centre (WHC) for a project to restore Kinh Thien Palace in the Thang Long Imperial Citadel in Hanoi, which was recognised as a UNESCO World Heritage Site in 2010. Kinh Thien Palace is the most important building of the Thang Long Imperial Citadel (Photo: VNA) He made the suggestion at a reception for the WHC’s director, Lazzarre Eloundou, who is on a visit to Vietnam to attend a conference entitled “Promoting the role of world cultural and natural heritage in sustainable development in Vietnam.” Dung said as a "Heritage City" with an extremely rich and diverse cultural heritage fund, Hanoi has received great attention and help from the United Nations Educational, Scientific and Cultural Organisation (UNESCO) in cultural conservation and development . He affirmed that the cooperation between Hanoi and UNESCO has contributed to … [Read more...] about Hanoi seeks support from World Heritage Centre in restoration of Kinh Thien Palace

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

Chief Representative of JICA Vietnam Office Shimizu Akira (Photo: VNA) Hanoi, (VNA) – Japan’s Official Development Assistance (ODA) has greatly contributed to Vietnam’s cause of socio-economic development, poverty reduction and infrastructure building over the past 30 years, said Standing Deputy Foreign Minister Nguyen Minh Vu. Vu made the remark during a reception on March 24 for Chief Representative of the Japan International Cooperation Agency (JICA) Vietnam Office Shimizu Akira, who came to bid farewell at the end of his tenure in Vietnam and introduce his successor Sugano Yuichi. The Deputy FM thanked the JICA Vietnam Office and Shimizu himself for their role in coordinating projects funded by ODA of the Japanese Government in Vietnam, as well as their cooperation with Vietnamese agencies in pushing ahead important joint projects of the two countries. He pledged that the Vietnamese Foreign Ministry is always ready to work with the Japanese side for the smooth … [Read more...] about Japanese ODA contributes greatly to Vietnam’s development: Deputy Foreign Minister

Vietnamese Ambassador to Thailand Phan Chi Thanh (L) and Thai Deputy Minister of Labour Surachai Chaitrakulthong (Photo: VNA) Bangkok (VNA) - Vietnamese Ambassador to Thailand Phan Chi Thanh had a working session with Thai Deputy Minister of Labour Surachai Chaitrakulthong on March 24 to discuss measures to further step up labour cooperation between the two countries. The Vietnamese diplomat briefed on economic cooperation between Vietnam and Thailand, saying that Thai businesses highly value business opportunities in Vietnam and want to expand their investment in the country. Many Thai corporations have invested in Vietnam with large-scale projects, using many Vietnamese workers, he said, adding that the Vietnamese Government always creates favourable conditions for Thai labourers to work in the country. He thanked the Thai Government for supporting legal workers from Vietnamm in the past time, and suggested the Thai side consider adding more industries for … [Read more...] about Vietnam, Thailand eye stronger labour cooperation

Phathi is a cluster of villages that has received significant investment from the Government of Vietnam since 2009 to build essential infrastructure projects such as roads, clean water systems, schools, clinics, cultural centers, and agricultural extension programs. However, due to the lack of funds for maintenance and repairs, a number of construction items have deteriorated over time. To address this, the Vietnamese and Lao Ministries of National Defense recently received approval from the Prime Ministers of the two countries to support the maintenance, repairs, and upgrade of essential infrastructure works, particularly the clean water supply systems and school sites. During the visit, Senior Lieutenant General Hoang Xuan Chien presented 40 gifts, each worth VND 2 million, to needy students and policy beneficiaries in the locality. He also visited the 705 International Cooperation Co. Ltd. of Military Region 2, a Vietnamese company operating in the area, and praised their great … [Read more...] about Deputy defense minister presents gifts to Lao people

The ceremony was attended by Major General Le Quang Tuyen, Deputy Director of the General Department of Defense Industry, who urged Ba Son Corporation to use all available resources to speed up the shipbuilding process, procure necessary materials and equipment, and ensure quality and progress. Colonel Mai Quoc Truong, General Director of Ba Son Corporation, stated that the vessels in the Combi Freighter 3850 series are modern ships that require a lot of resources. The Vietnamese corporation is committed to conducting the project with high quality and absolute safety, which will allow them to demonstrate their capacity to build new ship products with modern techniques and quality standards. This will also help the corporation to improve its management level, technological capacity, and the skills of its officials and employees, and strengthen its position and brand in the export shipbuilding market. The Combi Freighter 3850 is a multi-purpose cargo ship with a length of 89.70m, a … [Read more...] about Ba Son Corporation begins building new ship for Damen Shipyards Group

Vietnamese Prime Minister Nguyen Xuan Phuc will attend the second Belt and Road Forum for International Cooperation in Beijing, China from April 25 to 27. The trip will be made at the invitation of Chinese President Xi Jinping, Vietnam’s Ministry of Foreign Affairs said in a press release on Monday. The Vietnamese premier will attend the forum’s opening on April 26 before joining President Xi and his spouse in a dinner on the evening of the same day. On April 27, PM Phuc is scheduled to speak at a roundtable summit attended by leaders of 36 other nations and China. The Vietnamese head of government is also expected to hold bilateral talks with top Chinese leaders during his China trip. China has invested over US$80 billion in projects related to the Belt and Road Initiative (BRI) since it was first proposed by President Xi in 2013, according to the National Development and Reform Commission of China. By April 15, 2019, 126 nations and 29 international organizations had … [Read more...] about Vietnamese PM to attend second Belt and Road Forum in Beijing