Viet Nam News Nguyễn Mạnh Hà, vice chairman of the Housing and Real Estate Market Management Agency, speaks to Thời báo Kinh tế Việt Nam (Việt Nam Economic Times) about the pros and cons of building tiny flats in Việt Nam Do you think that the Ministry of Construction's decision to give a nod to the construction of an apartment of 25 square metres goes against the 2004 Housing Law? Under the 2004 Housing Law, the minimum construction floor area for an affordable housing apartment shall be 30sq.m and that of a commercial housing apartment shall be 45sq.m. However, under the 2014 Housing Law, such specific regulations were abolished. It now says "the standard area of each commercial residential house shall be decided by the project investor in conformity with the detailed construction zoning plan, construction standards and regulations, and the document approving the investment project. As such, the minimum area for each house type shall be decided by the investors themselves and … [Read more...] about Do tiny flats solve market demand?
Market economy pros and cons
The National Assembly’s Committee for External Relations held a meeting in Hanoi on August 19, offering insight into the pros and cons Vietnam will face in the Association of Southeast Asian Nations (ASEAN) Community scheduled to be formed at the end of 2015. Opening the event, Chairman of the committee Tran Van Hang said 2015 marks a milestone for ASEAN as the bloc will officially form its community on December 31 with the three pillars of political-security, economy, and socio-culture. With a foreign policy of independence, self-reliance, and active and responsible international integration, Vietnam has made efforts to contribute to all ASEAN cooperation areas, he noted. Deputy Foreign Minister Le Hoai Trung stressed that ASEAN membership has given Vietnam important and practical benefits, ultimately contributing to a peaceful and stable environment for the national development and protection as well as the implementation of its foreign policy. In particular, the membership … [Read more...] about Bản in : Pros, cons of participation in ASEAN Community explained
Viet Nam News HÀ NỘI - Many farmers in the nation's most advanced province in hi-tech agricultural production have a limited understanding what it actually means, experts say. This also limits the province's ability to fully tap the potential for hi-tech agriculture, they add. With its considerable advantages in land and climate conditions, the Central Highlands province of Lâm Đồng is leading the country in developing hi-tech agricultural production. However the province lacks comprehensive "technology planning," leaving its potential for higher productivity and better product quality untapped, says Nguyễn Trúc Bồng Sơn, director of the province's Agriculture Extension Centre. He said the "hi-tech agriculture" term has only been understood properly by policy makers and researchers; most farmers are still confused about it. "Many farmers think as long as they grow flowers in a glass house they can call it hi-tech agriculture. No. Hi-tech agriculture requires a lot more than that, … [Read more...] about Lam Dong farmers yet to grasp hi-tech concept – Society – Vietnam News Politics, Business, Economy, Society, Life, Sports
This week, retail petrol prices went up again to VND19,000. — Photo doanhnghiepvn by Thu Van In March, retail petrol prices went up by VND1,600 per liter to VND17,280-17,880, ending a series of price cuts that began in early July last year. This week, it went up again to VND19,000. Many people might have been shocked and disappointed, given the promise of Finance Minister Dinh Tien Dung when proposing a new environment tax on fuel price to the National Assembly. He had said then that the tax would not affect fuel prices since petrol import taxes would be decreased from 35 per cent to 20 per cent. His statement would have run true if world prices had stayed the same, instead of continuing to rise from US$65 to US$80 per barrel. As a net importer of oil products, Viet Nam remains a price-taker in the international petroleum market. Escalating international oil prices have often threatened the stability of oil prices in the domestic market. In response, the Government … [Read more...] about Petrol price stability depends on refining our self-reliance – Opinion – Op-Ed – Vietnam News Politics, Business, Economy, Society, Life, Sports
This week, in order to better understand the extent of the problem, the Ministry of Planning and Investment will send a team to inspect the use of investment capital by big state corporations. Inspecting investment capital sources For some time now, the financial situation of state corporations and companies has not been strictly controlled. Many have randomly invested in areas outside their given scope. According to a report on 70 corporations and companies, as many as 28 are operating in the field of securities investment, establishing securities companies or investing in such areas as fund management companies, commercial banks, and real estate with a total investment value of VND23,344 billion. Given that, the stock market have recently fallen by 70 percent, the real estate market is nearly frozen, and the banking system suffers from poor liquidity. The question is how State corporations and companies can overcome these difficulties to put the national economy on a sound … [Read more...] about State corporations and companies under inspection Inspecting investment capital sources Auditing three State corporations and economic groups