Projected real estate market 2022

The market in new urban areas is set to become more active Photo: Le Toan March has seen a flurry of activity in welcoming quality real estate products in Vietnam. Singaporean group CapitaLand Development, saw all of [email protected] West Lake booked up after being introduced to the market on March 19. The Elysian project developed by Gamuda Land is also reportedly being well observed by buyers due to the prestige of the developer, the good location, and high quality of the project. Domestic groups are also joining the rush. Nam Long Investment JSC said that the business is implementing a series of plans in 2023, in which priority is being given to ventures in large urban areas such as Waterpoint, Mizuki Park, Nam Long Can Tho, Nam Long Dai Phuoc, Akari City, and Izumi City. Meanwhile, Hung Thinh Land introduced the 9X An Suong project in the northwest of Ho Chi Minh City. In the southern province of Binh Duong, Phu Dong Group is about to open for sale an apartment project … [Read more...] about Positive real estate signs march ahead

Nalin Wickramasingher, Powerledger's BD and Sales Executive, and Le Thi Phuong Cam (L), EVNCPC's Deputy General Director, announced the partnership. (Photo courtesy of Powerledger) Hanoi (VNS/VNA) - Australian energy trading technology company, Powerledger, on March 28 announced it’s partnering with Vietnam Electricity Central Power Corporation (EVNCPC) to launch Vietnam's first peer-to-peer (P2P) energy trading project at the Australia-Vietnam Forum on Energy Transition. The initial 6-month trial will see Powerledger’s technology used by so-called “prosumers” with rooftop solar in central Da Nang city and Quang Nam province to sell electricity directly to consumers. “This project is a major step for Vietnam. It will showcase how, with the right technology, issues of intermittency and grid congestion can be overcome whilst still growing renewables. Everyone on both sides of the partnership is looking forward to the results,” said Powerledger Chairman Dr Jemma Green. … [Read more...] about Vietnam’s first blockchain peer-to-peer energy trading project launched

The launch ceremony was co-hosted by the provincial Department of Agriculture and Rural Development, the Korea International Cooperation Agency in Vietnam (KOICA Vietnam) and the Republic of Korea (RoK)’s Merry Year International (MYI) funding agencies. Standing Vice Chairman of the provincial People's Committee Truong Canh Tuyen said the project aims to improve the material and spiritual lives of households vulnerable to climate change, especially poor families living off agriculture, contributing to improving climate change adaptation in the community for sustainable ecosystem conservation. MYI Secretary General Kim Choo-in said MYI will work with the department and the Can Tho University’s Faculty of Rural Development to set up a climate risk assessment system, build more surface water salinity monitoring stations, and utilize information and communication technology to improve remote management capabilities. By 2025, five more surface water salinity monitoring stations and a … [Read more...] about Project launched in Hau Giang to improve adaptation to climate change

Representatives of the ILO and the Vietnamese partners show the signed Decent Work Country Programme Vietnam 2022 - 2026 on March 28. (Photo qdnd.vn) Hanoi (VNA) – The Decent Work Country Programme Vietnam 2022 - 2026 was signed between representatives of the Vietnamese Government, workers, and employers and the International Labour Organisation (ILO) in Hanoi on March 28. The MoU on the programme was signed by Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung, President of the Vietnam General Confederation of Labour (VGCL) Nguyen Dinh Khang, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Pham Tan Cong, President of the Vietnam Cooperative Alliance (VCA) Nguyen Ngoc Bao, and ILO Country Director for Vietnam Ingrid Christensen. The country programme provides a cooperation framework for the ILO and the Vietnamese partners until 2026 with a view to ensuring decent and sustainable work for all and that by 2026, Vietnamese people, especially those at … [Read more...] about Vietnam, ILO sign decent work country programme for 2022 – 2026

On March 26, HoREA sent a document to Prime Minister Pham Minh Chinh to propose some solutions for credit and project transfers to remove difficulties in the real estate market. According to HoREA, Decree No.08/2023/ND-CP has had a positive impact on the confidence of the market and its investors. This is the legal basis to pave the way for a negotiated agreement between the companies that have issued upcoming bonds and the bondholders. The decree, dated March 5, focuses on amending, supplementing, and ceasing the effect of a number of articles in previous decrees on the private placement of corporate bonds and the trading of privately placed corporate bonds on the domestic market, along with the offering of corporate bonds on the international market. These mechanisms and policies will remove the difficulties businesses have issuing bonds that are about to come due and support bondholders, while at the same time creating favourable conditions for the transfer of … [Read more...] about HoREA proposes extension of repayment schedules for businesses

The Ministry of Planning and Investment (MPI) is urging a project steering committee to accelerate the transition of traditional industrial parks (IPs) to an ecological model as part of a nationwide eco-IP intervention initiative. Deputy Minister of Planning and Investment Nguyen Thi Bich Ngoc said, “The project has contributed to the replication of the eco-IP model in Vietnam, in line with the National Green Growth Strategy for 2021-2030, Vietnam’s commitment to the United Nations’ Sustainable Development Goals, and the net-zero emissions commitment to 2050.” Private sector urged to enter eco-IP arena, illustration photo. Developing eco-IPs is inevitable as many countries are applying the carbon tax mechanism on imported goods, the deputy minister added. “Meanwhile, many tenants in IPs are manufacturers for export, and they need a green certificate to export products. Thus, relevant parties continue to spread technical and financial support to many IPs at different … [Read more...] about Private sector urged to enter eco-IP arena

Local experts suggest it is necessary to coordinate with employers in the recruitment, organization of training, and retraining of employees to overcome the shortage of qualified workers and contribute to the recovery of production and business activities. Hanoi's authorities will come up with specific solutions to improve the quality of labor and link vocational training with labor market demand, targeting 73.2% of skilled workers by the end of 2023. Submunicipal authorities, experts, and people have shared with Hanoimoi Newspaper the labor market outlook and proposals to address problems related to recruitment and vocational training problems in the city. Local workers are learning sewing skills at the Hanoi Center for Employment Service. Photo: Hanoimoi Newspaper Director of Hanoi Department of Labor - Invalids and Social Affairs Bach Lien Huong : Focus on linking vocational training with enterprises In recent years, vocational training … [Read more...] about Solutions to boost labor quality: Experts

In 2008, the US investment bank Bear Stearns, on the verge of collapse, had to be rescued by J.P. Morgan. This marked the beginning of the global financial crisis of 2008, which sent the global economy into a deep recession and caused significant economic damage, including massive employment losses. Patrick Lenain, senior associate at the Council on Economic Policies Today, several banks are once again in trouble. As of March 22, four large banks were in distress. Silicon Valley Bank (SVB), a $212 billion US bank specialising in tech startups, collapsed when it was unable to meet deposit withdrawal requests and had to be taken over by federal regulators. A few days later, Signature Bank, another midsized US bank with assets of $110 billion, also suffered a severe liquidity crisis and was seized by federal regulators. This was followed by First Republic Bank with assets of $205 billion, which was hit by rating downgrades and a tumbling share price and had to be … [Read more...] about Developments for Vietnam to watch in midst of bank crisis

What is the role of banks in green growth? Banks will have a crucial role in driving green growth in Vietnam. One of the main roles will be enabling project financing. Billions of dollars worth of investments will flow into the renewable energy sector over the next few years. Banks will help facilitate that flow. This is critical moving forward. Over the past five years, Vietnam has issued $220–230 million of green bonds. On a cumulative basis, three other countries, namely Indonesia, Thailand, and Malaysia, have issued over $40 billion of green bonds in the same period. The issuance of those bonds is done by banks. What we've observed in these countries is the setup of a clear regulatory framework that provides the ability to issue those bonds on a larger scale. This has not been at the top of the list of priorities for banks in Vietnam, which are focusing on other essential things. What can the Vietnamese banking sector do to accelerate green growth? I think it … [Read more...] about Vietnamese banks urged to embrace green financing

Hanoi’s wastewater treatment site is a key and vital project as it would collect and purify sewage discharged by people in seven districts. Chairman of the municipal People's Committee Nguyen Duc Chung has asked contractors to speed up the construction of Yen Xa wastewater treatment site in Thanh Tri districtto help clean the once iconic To Lich river and better lives of citizens along the river. While making an inspection to the site on February 4, Chung stressed this is a key and vital project of Hanoi as it would collect and purify sewage discharged by people in seven districts, especially waste water from the city’s polluted To Lich river. It is expected to also revive the river. Hanoi Mayor Nguyen Duc Chung discusses with the Project Management Board and the contractor of Yen Xa wastewater treatment site project. Photo: Kinhtedothi.vn In order to accelerate the project, which comprises a centralized sewage treatment facility, as the site stretches … [Read more...] about Hanoi mayor urges speedier construction of wastewater treatment plant