The most effective competitive advantage for Vietnam's economy is creating a favorable business investment environment free of legal barriers. Prime Minister Pham Minh Chinh has signed a decree to urge ministries and provinces/cities to boost administrative reforms and improve the investment environment to support local enterprises. Electronics production at Katolec Vietnam in Quang Minh Industrial Park, Hanoi. Photo: Pham Hung/The Hanoi Times "A conducive investment environment is a fundamental platform helping businesses operate smoothly and drive growth. This, in turn, promotes job creation and contributes to overall socio-economic development," said the decree. Vietnam has been trying to cut administrative regulations and compliance costs as part of its national digital transformation effort. As of May 2023, the country's total number of administrative procedures was 6,422, 376 fewer than the same period in 2020. This is expected to improve the … [Read more...] about PM urges greater efforts to accelerate administrative reforms
Odihr guidelines on the protection of human rights defenders
New apartment buildings must have life span: Hanoi Party Chief
The amended Housing Act lacks provisions on the life span of condominiums, which may cause problems for the authorities when it comes to renovating the buildings. The secretary of the Hanoi Party Committee, Dinh Tien Dung, suggested on May 5 that there should be an expiration date for the ownership of apartments. An old apartment building in Thanh Xuan Bac Ward of Thanh Xuan District. Photo: Thai San/The Hanoi Times Commenting on the amended Housing Law, he said the expiration date would make the Government responsible for maintaining and repairing deteriorating apartment buildings in time. "The Government is responsible for protecting people, and moving them out of dilapidated buildings is for their good," said Dung, who heads Hanoi's delegation to the National Assembly. Many people in Hanoi now live in degraded apartment buildings. There is a lot of pressure on the capital to relocate these people so that authorities can renovate the … [Read more...] about New apartment buildings must have life span: Hanoi Party Chief
Legal synchronisation can unlock agro-tourism potential
At a conference on solutions to develop and promote investment in real estate for agricultural tourism in Vietnam on May 25 in Hanoi, an action programme was discussed to create motivation for agro-tourism and rural development. Legal synchronisation can unlock agro-tourism potential Organised by the Vietnam National Administration of Tourism and the Vietnam National Real Estate Association (VNREA), it was the first time that a large-scale event discussed such issues. Nguyen Van Khoi, chairman of VNREA, said that the development of agricultural tourism is gradually becoming a trend in rural areas, especially in agricultural economy countries like Vietnam. It not only benefits the industry but also contributes to increasing the value of the land, raising opportunities for economic development, and improving the lives of local people. “In order to increase the value of the land through the development of agricultural and rural tourism, a sustainable development … [Read more...] about Legal synchronisation can unlock agro-tourism potential