Lao cai city vietnam

Vientiane (VNA) - Lao Prime Minister Sonexay Siphandone has instructed relevant agencies to expedite the drafting of a strategy on rare earth and other minerals, to ensure proper management of mining operations in the country, reported Vientiane Times. economy . As rare earth is in high demand globally, it is necessary for the government to ensure that Laos fully benefits from the mining of rare earth deposits, he said. In recent months, National Assembly members have expressed concern about mining operations in Laos , saying that the mismanaged export of precious metals and other minerals has resulted in serious financial losses. Laos's rare earth reserves are estimated to be big. The country has to date signed rare earth exploration contracts with 18 companies in 18 projects./. VNA … [Read more...] about Lao Gov’t tightens management of rare earth mining

Accelerated government spending is expected to boost demand in the remaining months of the year. ADB’s Principal Country Economist Nguyen Ba Hung shared his thoughts on Vietnam’s economic performance and its prospects for 2023 with The Hanoi Times. ADB’s Principal Country Economist Nguyen Ba Hung. What is the primary obstacle confronting Vietnam's economy for the remainder of the year? In the first half of 2023, Vietnam experienced a slowdown in GDP growth, with growth projected at only 3.7% compared to the positive momentum seen last year, when GDP grew 6.5% in the first half and 9.5% in the second half, resulting in an annual growth rate of 8% for the whole of 2022. One factor contributing to GDP growth in recent years has been public investment's sustained and steady growth. However, significant internal challenges have emerged during the Covid-19 pandemic. Vietnam's economy heavily relies on exports and foreign direct investment (FDI) … [Read more...] about Public investment as catalyst for Vietnam’s economic recovery in 2023: ADB

Doan Nguyen Duc, board chairman at Vietnamese agricultural giant Hoang Anh Gia Lai JSC (HAGL), intends to sell Hoang Anh Gia Lai Hotel in Pleiku City, situated in the Central Highlands province of Gia Lai, to make debt payments. The management board of the firm has reached a consensus on liquidation of unproductive properties, especially the sale of Hoang Anh Gia Lai Hotel, which was the first four-star lodging facility in the Central Highlands region. Starting its operation in 2005, the hotel lies near Phu Dong Square in the heart of Pleiku City and includes 117 rooms. The proceeds from the hotel sale will be used to pay the principal and interest on the bonds issued in 2016 at the Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), said Duc. The selling price has yet to be announced. The firm had earlier sold two resorts in Quy Nhon City in the south-central province of Binh Dinh, and in Da Lat City under Lam Dong Province, a hotel in Da Nang … [Read more...] about HAGL chairman plans to sell hotel in Vietnam’s Central Highlands

There are currently around 300 green buildings certified by standards such as Lotus, Edge, LEED, or Green Mark, Photo: shutterstock According to Douglas Lee Snyder, executive director of the Vietnam Green Building Council, from a legal perspective, realising both financial and non-financial incentives in Vietnam is a challenge. “Maybe we need to make inter-ministerial cooperation efforts to achieve the goals set by the government of Vietnam. For example, while public green buildings often lead the market in other countries, in Vietnam, cost norms per square metre regulated by the Ministry of Finance alone are not enough for one construction, but it needs collaboration from other related ministries,” Snyder told VIR. Meanwhile, Angus Liew, chairman of Gamuda Land Vietnam, said that the barriers involve technology, equipment, and even perceptions. “In addition, Vietnam’s government has become well aware of the repercussions and understands the importance of transforming its … [Read more...] about Task obvious for Vietnam’s green building development

Shoppers at a supermarket in Ho Chi Minh City (Photo: VNA) HCM City (VNA) – The September CPI in Ho Chi Minh City increased by 0.56% from August, with rises seen in the prices of eight out of 11 groups of commodities used to calculate the index. The highest increase, 1.4%, was seen in transport services, driven by higher prices of fuels and means of transport. The group of housing, utilities and construction materials posted a 1.11% hike. Three groups of commodities with price reduction are post and telecom services (0.94%), beverage and tobacco (0.31%) and garment, headgear and footwear (0.14%). The average CPI in the first nine months of the year went up 3.45% from the same period last year, with rises seen in nine groups of commodities except for transport services and post-telecom./. VNA … [Read more...] about September CPI in HCM City picks up 0.56% month on month

Shinhan Life’s representatives present free lunches to pediatric patients and their families at HCM City Children's Hospital. — Photo courtesy of the company Shinhan Life Vietnam donated 1,200 free lunches to pediatric patients and their families at HCM City Children's Hospital on October 1 as part of the company's annual CSR activities in Việt Nam. Previously, Shinhan Life’s representatives also donated VNĐ150 million to support treatment costs for children with difficult conditions and presented more than 120 gifts to medical staff and pediatric patients at the hospital's Clinical Hematology Department on the occasion of the mid-autumn festival. On the occasion of International Children's Day (June 1 this year), the company representatives also presented gifts to the young patients and donated 1,300 lunch meals to both the pediatric patients and their families at the city’s Children's Hospital 2. Pediatric patients and their families get free launchs at HCM City Children's … [Read more...] about Shinhan Life Vietnam donates 1,200 lunch sets to HCM City Children’s Hospital

Cold storage supply remains behind requirements, illustration photo/ Source: freepik.com The country’s cold storage industry is expected to reach a value of $295 million by 2025, with an annual growth rate of 12 percentage points, according to Savills Vietnam. At the end of August, Hau Giang Cold Storage Logistic Co., Ltd. started construction on its first outsourcing cold storage project in the same province. The scheme includes six cold storages equivalent to a capacity of 88,000 tonnes. With an estimated investment of around $21.7 million, the project will use modern technology from the EU and applying digital management. It is scheduled to be ready for operations by 2027. A Savills Vietnam report released in August shows that, although it only accounts for 11.4 per cent of the total number of transactions in the industrial real estate segment, the cold storage real estate market recorded an annual growth rate of nearly 30 per cent from 2017 to 2022, far exceeding … [Read more...] about Cold storage supply remains behind requirements

How does the Commission for Management of State Capital at Enterprises (CMSC) extend support and critical advisements to the VIMC? Le Quang Trung, deputy general director of VIMC and vice chairman of the Vietnam Logistics Business Association The symbiotic association and support extended by CMSC to businesses, especially the VIMC, is immense and substantial. Every project we undertake, be it short-term or enduring, bears the unmistakable imprint of CMSC’s support, enabling us to overcome various challenges, notably during exceptional periods such as the recent pandemic. CMSC’s partnership has been crucial, aiding us in overcoming challenges related to capital mobilisation and ensuring the smooth implementation of projects. A notable instance is their contribution to the financial and operational restructuring project of SP-PSA, one of our crucial joint venture ports. With the indispensable support from CMSC, we were able to conduct successful negotiations with … [Read more...] about SOE issues can be solved with support

President of the Vietnam Football Federation (VFF) Tran Quoc Tuan (Photo: VNA) Hanoi (VNA) – President of the Vietnam Football Federation (VFF) Tran Quoc Tuan has been re-elected to represent the ASEAN Football Federation (AFF) in the Asian Football Confederation (AFC) Executive Committee in the 2023-2027 tenure. According to the VFF, the decision was made at the AFF annual congress in 2023 that took place in Ho Chi Minh City on October 1. This is the fourth consecutive working term that Tuan has served in the AFC Executive Committee. He was first elected to the committee in the 2011 – 2015 tenure. During his working terms, he has received high evaluations from the AFC and its member organisations thanks to his valuable solutions for the growth of Asian football. As the head of the AFC Competition Department, Tuan has been assigned to take charge of organisation work for many major football tournaments of Asia, including Asian Cup. Recently, he headed the AFC management … [Read more...] about Vietnamese football official continues to serve at AFC Executive Committee

The Ho Chi Minh City transport authority will inspect the compliance of Thanh Buoi Bus Company with regulations on providing transport services using passenger buses on Thursday this week, just a few days after a fatal crash between a Thanh Buoi sleeper bus and a 16-seater car killed five people and injured four. Aside from Thanh Buoi, two other passenger transport businesses, namely Thien Y and Hoa Hao, will undergo the inspection, the municipal Department of Transport said on Monday. The department earlier formed an inspection team on September 12 to check the three businesses’ compliance with the said regulations, as they were found to have flouted the law multiple times. The inspection, initially slated to take place from October 15 to November 15, was rescheduled to Thursday this week as required by the prime minister following the deadly crash involving a Thanh Buoi sleeper bus. The fatal collision occurred on the National Highway 20 section passing through Dong Nai … [Read more...] about Vietnamese long-haul bus company to face inspection following deadly crash