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Experts address the obstacles the city faces in developing a green and environmentally friendly metropolis in its planning orientation for 2021-2030. Hanoi authorities are collecting feedback on the city's future urban design and development. Experts and academics spoke to The Hanoi Times about the plan. The main issues focus on developing cultural industries, green spaces and satellite cities. Pham Bich Huyen, Lecturer, Hanoi University of Culture: The creative industry, or orange economy, works on human intelligence to create comprehensive value in terms of economy, culture, society, and environment. As the cultural sector emphasizes innovation and humanity, many nations have recognized it as the key to long-term socio-economic prosperity. This makes the cultural industry an inexhaustible source of strength that has not been fully tapped. Once cultural industry is developed, its potentials will be enhanced at the highest level and it will create the best value … [Read more...] about Experts name urgent matters for Hanoi’s planning (Part 1)

Nguyen Thi Tuoi, a 64-year-old woman living in the district, recently finished a five-story building with 41 rooms for rent after a year of construction. In order to meet the high standards of renters, she decided to fully furnish the rooms with beds, closets, desks, chairs, air conditioners, and private bathrooms. She also installed a fire alarm system that is up to standards inside the building. She plans to fix the price of rent at VND3 million (US$123) per month. The idea of starting a rental business came to her at the beginning of 2022, when she saw that there was high demand from students of FPT University and Vietnam National University Hanoi, especially because many nearby rentals were nearly full. The five-story building with 41 fully furnished rooms belonging to Tuoi’s family in Hanoi's Thach That District, the morning of Sept. 12, 2023. Photo by VnExpress/ Quynh Nguyen "My family had a few hundred square meters plot of land right next to the road, near … [Read more...] about Hanoi’s student apartments ‘hungry’ for tenants

A garment factory of the Maxport Limited Vietnam in Thai Binh province. (Photo: VNA) HCM City (VNA) – The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) posted 49.7 in September, compared to 50.5 in August, despite the second successive monthly increase in new orders. S&P Global said that after improving in August, overall business conditions in the Vietnamese manufacturing sector declined marginally in September. Underlying data pointed to a strengthening demand environment and growing business confidence, but also a degree of spare capacity in the sector which led to reductions in output and employment. Rates of inflation gathered pace, with both input costs and output prices rising more quickly at the end of the third quarter. The PMI stood at 49.7 points in September, back below the 50.0 no-change mark following a reading of 50.5 in August. The index thereby signalled a deterioration in business conditions for Vietnamese manufacturers, … [Read more...] about Vietnam’s PMI falls slightly, new orders increase in September