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An unauthorised construction works in HCM City is impeded by local inspection team  – Photo thoibaonganhang.vn HCM CITY — HCM City has sought the Government’s approval to set up a team in each district to manage urban construction comprising inspectors and urban development officials. According to a report by the city Department of Construction, there were some 15,000 instances of violation of construction regulations between 2014 and 2019, including more than 8,500 cases of unauthorised construction. It is difficult to completely prevent unlicensed and illegal construction works due to inconsistent regulations, Lê Minh Đức, the vice-captain of the Bình Thạnh District inspection team, admitted. For instance, district People's Committees are not tasked with monitoring or penalising illegal constructions, and two different agencies manage urban construction and the environment but lack clear instructions from city authorities, leading to a lack of efficiency, he explained. The city People's Committee has therefore sought approval to set up the team to manage urban construction directly under district administrations. With the city gradually transforming the administration model, experts said the team’s remit is to grant construction permits, supervise construction works and plan projects but also assist in other areas like social order and sanitation. The People's Committee wants the team to inspect, detect, prevent, and handle construction violations that do not fall under the authority of the Department of Construction or industrial park and export processing zones management. The Government has approved the proposal in principle, but Prime Minister Nguyễn Xuân Phúc has instructed HCM City to get the opinion of the Ministry of Home Affairs. — VNS …

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A design of the proposed HCM City-Cần Thơ express rail route. Photo courtesy of the Southern Institute for Science and Technology HCM CITY — The Ministry of Transport has instructed the Railway Project Management Board to do a pre-feasibility study for the high-speed HCMC-Cần Thơ railway by 2022. Recently the Southern Institute of Science and Technology (PNSTI), which is in charge of the project, submitted to the HCM City People’s Committee and the Ministry of Transport recommendations for the project after seven years of studies. It will run along the HCM City-Trung Lương and Trung Lương-Mỹ Thuận expressways instead of passing through crowded residential areas and industrial parks to reduce the difficulties related to acquiring lands and cost. The route will be 140km long, start at Tân Kiên Station in HCM City, pass through the provinces of Long An, Tiền Giang and Vĩnh Long and end at Cái Răng Station in Cần Thơ City. It will have nine stations. Passenger trains will run at 200km per hour and freight trains at 120km. It will enable people to travel between Cần Thơ and HCM City in just 45 minutes while it takes three hours by road now. It will reduce the cost of transporting goods from the Mekong Delta to ports in HCM City and Bà Rịa – Vũng Tàu and improve the competitiveness of the country’s exports. According to PNSTI the project has attracted interest from more than 20 international investors in the US, Europe and elsewhere. It is expected to cost US$10 billion. According to the Japan International Cooperation Agency, by 2030 the volume of passenger and freight traffic between HCM City and Cần Thơ will increase by 4.8 and three times compared to 2008. HCM City is the centre of the southern key economic region while Cần Thơ is its Cửu Long (Mekong) Delta counterpart. The rail link is expected to have a positive impact on the socio-economic development of the two cities as well as provinces such as Long An, Tiền Giang and Vĩnh Long. It is …

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Vietnam Maritime Commercial Joint Stock Bank choses Amazon Web Services, Inc as its cloud provider for TNEX, the first digital-only bank in Việt Nam. — VNS Photo HCM CITY — Vietnam Maritime Commercial Joint Stock Bank has chosen Amazon Web Services, Inc, a subsidiary of the internet giant, as its cloud provider for TNEX, the first digital-only bank in Việt Nam. TNEX was developed by MSB in 10 months as a radically new mobile platform that brings all digital banking and lifestyle services under one umbrella through a super app. It is designed with customer experience and data science at the centre of its products, services and features, and focused on addressing unmet customer needs by offering free, innovative and simple everyday banking products to the approximately 60 million Vietnamese who have no or limited access to banking and financial services. TNEX offers its customers advanced digital banking services, supports their lifestyle needs such as food, education, travel, entertainment, health, fashion, and messaging and chat, and provides access to a digital eco-system populated by its merchant partners. Consumers can directly buy products and services from the merchant marketplace with the TNEX app and pay digitally using QR codes. By tapping the scalability of AWS cloud, MSB can monitor and ensure compliance. Leveraging AWS’s broad and deep portfolio of cloud services including analytics, machine learning, and containers enables TNEX to develop better ways to serve customers by innovating and deploying new products faster and drive operational efficiencies. Bryan Carroll, chief executive officer of the digital bank, said: “TNEX provides our customers with an entirely new banking experience that supports their daily spending and lifestyle needs. Through the development of our platform on AWS, we gained the speed and agility needed to build a full-service merchant marketplace in six months and an SME and consumer digital bank in only 10 …

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