Mischief makers project 64

These projects include some important routes, such as Khanh Hoa-Buon Ma Thuot, Bien Hoa-Vung Tau, Belt Road No.3 of Ho Chi Minh City , and the Belt Road No.4 of the Capital Region. The ministry reported that it has so far approved the investment policy for 59 transport project s using public investment capital for the 2021-2025 period. Among them, 41 have had their investment project approved. For the 18 remaining projects, 11 are scheduled to be approved in the second quarter, six in the third quarter and one in the fourth quarter, the ministry said. Within this year, the ministry plans to start construction of 28 projects and finish 29 others. To date, six projects have been launched as scheduled, including the upgrade of the Hanoi-Vinh and Vinh-Nha Trang sections of the Hanoi-Ho Chi Minh City railway route , two projects upgrading the Cai Mep-Thi Vai waterway route and the waterway route leading to ports in Nam Nghi Son area of Thanh Hoa province./. VNA … [Read more...] about Ten transport projects to be launched in second quarter

The Nhon-Hanoi Station metro line project, the second of its kind in Hanoi, has just had its total investment revised up by VND1,916 billion (US$82 million) and its completion date delayed until 2027. The prime minister passed a decision on Tuesday approving the cost increase and delay of the project, after considering a proposal from the municipal administration and the Ministry of Planning and Investment. According to the Cabinet leader’s decision, the completion time of the project is now 2027, while its revised price tag is VND34,826 billion ($1.4 billion). The prime minister asked the Ministry of Finance to work with the Hanoi administration and relevant agencies to complete procedures required for the capital adjustment. The Nhon-Hanoi Station metro line will run 12.5 kilometers from Nhon in Nam Tu Liem District to the Hanoi Railway Station in the downtown area, with 8.5 kilometers on elevated tracks, four kilometers underground, and one depot. Work on the metro line … [Read more...] about Hanoi’s second metro line project again encounters cost overruns, delays

River Tales is a four-minute short documentary produced by Coca-Cola about The Ocean Cleanup’s Interceptor technology in the Mekong region, shining a light on how plastic pollution is impacting the Can Tho River and the opportunity to make a tangible difference through technology and community action. The Interceptor Original is the first scalable technology solution to prevent plastic from entering the world’s oceans from rivers, and after years of planning, Interceptor 003 was first launched into the Can Tho River in December 2021 and is operated by the Department of Natural Resources and Environment of Can Tho City. Positioned downstream from the popular Can Tho floating market, the Interceptor has collected an estimated 120 tonnes of waste in its first year of deployment. A scene from the "River Tales" film. Photo by Coca-Cola Beyond financial support, Coca-Cola has contributed to The Ocean Cleanup in Vietnam including driving on-the-ground awareness of the … [Read more...] about Coca-Cola celebrates one year anniversary of Mekong cleanup project

Some representatives from Vietnam have garnered an overwhelming response from a remarkable total of over 436 registered projects at the regional event which shows a resurgence of architectural excellence in India, Thailand, Indonesia, and Vietnam. Mai Chau Culture Resort, Grand Tourane Nha Trang Hotel, and Ambassador Cruise Restaurants are several brands among the finalists of the Asia Architecture Design Awards 2023 (AADA). AADA categories include Best Resort Architecture Design, Best Hotel Architecture Design, Best Resort Interior Design, Best Lighting Design, and Best Furniture Accessories, among others. Tre Dining in HCM City is listed as one of the Best F&B Architecture designs. Photo: Tre Dining Those from Vietnam made an impressive display on the shortlist, demonstrating their architectural prowess. From May 30 to June 25, the jury will begin their work with 20 influential experts from various fields, including architecture, design, and real … [Read more...] about Vietnamese brands listed in Asia Architecture Design Awards’ Top 100 Outstanding Projects

Ho Chi Minh City’s economic growth will be more positive this quarter with the gross regional domestic product (GRDP) growth estimated at 5.87 percent, well above the modest 0.7 percent last quarter, chairman of the municipal People’s Committee Phan Van Mai said during a group discussion on Tuesday at the ongoing National Assembly (NA) sitting. With this result, the city may achieve an economic growth rate of 3.55 percent in the first half of the year, chairman Mai cited statistics from the General Statistics Office as saying at a group discussion on a draft resolution on piloting breakthrough policies for Ho Chi Minh City. The city’s industry and construction sector was forecast to improve 4.77 percent this quarter and 0.8 percent in the first half of the year as a whole. The sector fell 3.6 percent last quarter. Meanwhile, the service sector was expected to surge 7.16 and 4.96 percent this quarter and the first half, respectively. “This results from great efforts of the … [Read more...] about Ho Chi Minh City’s economic growth projected at 5.87 percent in Q2

A cement plant under Vicem's management in the northern province of Ha Nam. — Photo VICEM Decreased demand and increased costs have put cement makers in a difficult spot financially during the first quarter of 2023, said industry insiders and experts. They claimed demand has sharply declined in domestic and export markets while input costs have steadily risen. As a result, cement makers have been posting significant financial losses since the beginning of the year. Vicem Ha Tien Cement Joint Stock Company reported a consolidated net loss of VND85.6 billion (US$3.6 million) for the period, compared to a net profit of VND24.8 billion in the same period last year. The company said demand fell by 18.73 per cent during the first quarter of the year while input costs rose as much as VND15.2 billion, on top of a higher financial cost of VND18.4 billion due to interest rate hikes. According to Vicem Ha Tien's management, the company was trailing behind in both its quarterly and … [Read more...] about Cement industry suffers financial losses during Q1

Miss Grand International 2021 Nguyen Thuc Thuy Tien. Photo from Tien’s Instagram In November 2022, businesswoman Dang Thuy Trang filed a lawsuit against Tien demanding the beauty queen pay the total amount (worth around $102,000) in money owed, damages caused, and compensation. However, the court ruled against all the claimant’s demands on Wednesday. Trang had claimed that in June 2017, Tien had asked to borrow VND1.5 billion from her. Trang said Tien had asked for the money to help with preparations for her appearance in the Miss Southern Vietnam 2017 contest. According to Trang, Tien promised to pay the money back in full after one year. Trang, 36, asked her friend Nguyen Quan Trong to sign a promissory note for the loan on her behalf because she feared she wouldn’t be able to collect the debt on her own. However, when the promissory note expired, Tien did not repay the money as promised, Trang claimed. On top of that, Trang accused Tien of slandering her … [Read more...] about Miss Grand International wins lawsuit

Vietnam’s long-awaited Power Development Plan VIII (PDP8), confirmed in mid-May, is a milestone in the country’s journey towards energy transition. The main objective of the legislation is to achieve energy security for Vietnam, progressing on its climate change commitments towards the middle of this century, and more specifically to export 5,000-10,000MW of power by 2030. Towards these goals, the PDP8 proposes a new energy mix with a substantial reliance on renewables and the development of smart transmission grids to support the renewables industry, including connecting the power grids with neighbouring countries. “We appreciate the government for the approval of the PDP8, as it provides a clear path to the completion of the grid interconnection, which is critical for us and Electricity of Vietnam (EVN) to complete agreement on the tariff and schedule of the power purchase agreement (PPA). We target completion of the PPA in Q4 of 2023 in order to break ground in 2024,” said Ian … [Read more...] about Power overhaul plan picks up steam

Speaking at a May 19 conference on plans to develop one million social houses for lower-income people and workers by 2030, Minister of Construction Le Thanh Nghi said that the ministry would coordinate with authorities to ensure it achieved its social housing targets. The ministry (MoC) has completed the draft amended Law on Housing, which has been approved by the government and submitted to the National Assembly for approval. It is hoped that the amended law will draw policies for social housing development and take effect from 2024, including planning and reserving land for social housing development, selection of project investors, and procedures for implementation. As of Q1 2023, Vietnam has completed just over 300 social housing projects in urban areas and worker housing projects in industrial zones (IZs), with nearly 156,000 units in total. About 400 projects are still planned to be built, with a total scale of 454,000 apartments. However, demand has not been fully met. … [Read more...] about Investors wanted for social housing efforts

Hotel supply in Vietnam has tripled over the past decade, photo Le Toan According to a report by DKRA Vietnam, the supply of villas and town houses across the country continued to decrease from the end of the second quarter of 2022. Specifically, in April only two projects were opened for sale, providing 12 apartments to the market, down 69 per cent from the previous month and down 98 per cent compared to the same period last year. Particularly, the Central region recorded the fourth consecutive month that no new projects were introduced to the market. “It is expected that in the next few months, supply and demand may increase slightly. However, the market will not have obvious fluctuations with key transactions, except from expected transactions on Phu Quoc island,” according to DKRA’s report. The primary selling price did not alter greatly compared to the previous month. Instead, investors have aggressively launched discounts up to 30-40 per cent to stimulate market … [Read more...] about Second home real estate on the slow path to recovery