Rad international road construction

Ring Road No.3 project as requested by the Prime Minister. This taskforce will supervise critical matters like technical issues, construction materials, compensation policies. It will hold meetings when there is a need for cooperation between localities and ministries or among localities. HCMC is planning to also form a project management committee, aiming at immediately addressing problems during the implementation of sub-projects in the city. Its steering committee is responsible for administering and instantly handling arisen trouble when the project is being carried out, especially those related to land clearance compensation. Chairman Mai also asked for the cooperation among the HCMC departments of Transport, Natural Resources & Environment, Planning & Architecture to develop a detailed plan for the meeting to officially launch Ring Road No.3 construction project by July 1, 2022; and requested HCMC Natural Resources & Environment Department to prepare a detailed … [Read more...] about HCMC forms taskforces for Ring Road No.3 construction project

Illustrative image (Photo: VNA) Hanoi (VNA) – A joint venture between India ’s Adani Group and Vietnam’s Anh Phat Investment Construction & Trading JSC has been approved by authorities of Da Nang to start studying the development of a major seaport in the central city, according to Nhan dan (People) newspaper. Lien Chieu Port will be capable of handling 3.5 – 5 million tonnes of cargo annually in the first phase. It can accommodate vessels of up to 100,000 tonnes and container ships of up to 8,000 TEU. The new port will be of the world class and offer a new engine for the development of Da Nang and Vietnam at large. Insiders said the project can provide 5,000 jobs and contribute up to 80 million USD to the city's coffer, equivalent to around 2.1 percent of Da Nang’s Gross Regional Domestic Product (GRDP), by 2030. The approval was officially granted by the municipal People’s Committee to the joint venture in the presence of Prime Minister Pham Minh Chinh at the … [Read more...] about India conglomerate pledges to invest 10 billion USD in Vietnam

The Soc Son District court sentenced Nguyen Van Cuong, 40, to 10 years in prison on Tuesday after finding him guilty of "robbery" and "arresting people illegally." On the same charges, the court sentenced Nguyen Tuan Anh, 21, to seven years, while two other defendants, Duong Van Quy, 27, and Duong Van Cuong, 28, received nine years each. According to the verdict, around 0:22 a.m. on Jul. 11, 2018, Dao Cong Thanh, 56, and four others took two boats to a section of the Cau River in Trung Gia Commune of Soc Son District to mine sand illegally. The boats were anchored around 30m from the bank, next to a farm owned by Cuong. On learning about the sand mining, he mobilized Anh, Quy and Cuong to join him in chasing the sand thieves away. Cuong’s group took a boat to where the thieves were mining sand and used iron pipes to threaten them. While Thanh and another woman in his group hid in the cabin of their boat, three others jumped into the water and fled the scene. Cuong and his … [Read more...] about Hanoi jails vigilantes for stopping, detaining sand thieves

The growth rate helps bring Vietnam’s economic growth in the first six months to 6.42 percent, the highest in three years. Last year, the first-half expansion rate was 5.74 percent. Manufacturing and processing in the first six months expanded by nearly 9.7 percent. Industry and construction expanded by 7.7 percent, while the agriculture, forestry and fishery sectors saw growth of 2.78 percent. The Index of Industrial Production (IIP) in the first six months surged in some key sectors, like garment (23 percent), electric equipment manufacturing (22 percent), and medicines production (17.5 percent). Sixty-one out of 63 localities in the country posted IIP growth, except for the provinces of Ha Tinh and Tra Vinh where the energy production sector posted a decline. Exports in the first six months rose 17.3 percent year-on-year to $186 billion, while imports increased by 15.5 percent to $185 billion. Retail and services revenue rose by nearly 12 percent year-on-year to over … [Read more...] about Q2 GDP growth highest since 2011

More than 360,000 young people and students from colleges and universities are working as volunteers in the 2022 Mùa Hè Xanh (Green Summer) Campaign, a community and charity programme launched by the Hồ Chí Minh Communist Youth Union this week. — VNA/VNS photo by Hồng Giang HCM CITY — Nearly 800 university students and members of the Hồ Chí Minh Communist Youth Union opened the 2022 Mùa Hè Xanh (Green Summer) Campaign on Tuesday in HCM City. The annual event is the year’s biggest social and charity programme launched by the union. The volunteers are working in remote areas of Tam Nông District in Đồng Tháp Province, and Phú Quý island in Bình Thuận Province. Some villages in Laos are also included. They have worked to clean and upgrade canals, alleys, roads and irrigation systems. Free health check-ups and medicine for poor residents, children and women are also provided. They have also participated in cultural and community activities to promote environmental protection, … [Read more...] about HCM City students join 2022 Green Summer Campaign

Facilities of Binh Son Refining and Petrochemical Company Limited (BSR) in the central province of Quang Ngai. BSR rose 2.8 per cent on Wednesday. Photo bsr.com.vn Vietnamese shares rose on Wednesday, propped up by a slew of banking and energy stocks. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index increased 1.27 per cent, to 1,218.10 points. The benchmark increased 1.46 per cent, to close Tuesday at 1,202.82 points. More than 588.4 million shares were traded on the southern bourse, equivalent to VND14.4 trillion (US$619 million). Market breadth was positive with 136 losers and 326 gainers. Banking stocks were darlings of the market with gainers including Military Bank (MBB), Techcombank (TCB), Bank for Investment and Development of Viet Nam (BID), VietinBank (CTG), Viet Nam International Commercial JS Bank (VIB), Saigon-Hanoi Commercial JS Bank (SHB), Tien Phong Bank (TPB) and Vietcombank (VCB). Energy stocks gained ground with gainers such as Viet Nam National … [Read more...] about Shares extend gains, bolstered by bank and energy sectors

Seafood processing for export to the US market. (Photo: SGGP) If this recovery pace continues, the economic status of the city for the last 6 months this year is truly promising, turning completely back to the time before the Covid-19 outbreak. This means the estimated growth rate of 6-7 percent for 2022 compared to 2019 and 2020 can be fulfilled. Experts in the field, however, have always raised the question whether it is possible to reach a higher goal when may supporting policies are in effect. Statistics from the aspects of public investment, public resource mobilization, construction, and real estates reveal a decrease of 10 percent compared to this time previous years, meaning certain ineffectiveness in addressing existing economic issues. In addition, the administrative reform has been initiated but the results are not as expected when HCMC is only in the average group. This has asked for a long-term campaign to create good habits in public services. In the next 6 … [Read more...] about HCMC enjoying great achievements in economic recovery

A historic agreement The European Union (EU) and the Association of Southeast Asian Nations (ASEAN) started negotiations for a region-to-region free trade agreement in 2007. After negotiations were suspended in 2009, the EU decided to pursue bilateral trade agreements with the individual ASEAN member states. Negotiations between the EU and Vietnam on a free trade agreement were launched in 2010. Following the completion of technical discussions, talks were finalized in December 2015. In February 2016, the full text of the EVFTA was published. However, the official signing of the trade deal was delayed due to the pending judgment of the Court of Justice of the European Union (CJEU) on jurisdiction for the conclusion of the EU-Singapore Free Trade Agreement. To take the 2017 CJEU opinion into account, the original deal was split into the EVFTA and the EU-Vietnam Investment Protection Agreement (EVIPA) in June 2018. Both agreements were signed on June 30, 2019 in Hanoi. The European … [Read more...] about EU trade deal offers opportunities to increase exports

Read what is in the news today: Society -- Drug-fighting police force solved more than 10,000 cases of drug crimes across Vietnam, arresting over 16,000 suspects and seizing 397 kilograms of heroin, 838 kilograms of synthetic drugs, and 71 kilograms of marijuana in the first half of this year, according to the Drug Crime Investigation Police Department. -- The administration of Noi Bai International Airport has advised people to travel by public means of transport to the Hanoi-based aerodrome to prevent congestion as its number of daily passengers has surpassed 90,000 this month and is projected to exceed 110,000 in July. -- The Department of Natural Resources and Environment of south-central Ninh Thuan Province is working to fine the investor of Phuoc Nam Industrial Park in Thuan Nam District for illegally exploiting 5,000 cubic meters of land during the construction process. -- Vietnam Cyber Range, a system for practical training and testing of cyber security personnel, … [Read more...] about Breakfast @ Tuoi Tre News — June 29

UNDP Resident Representative in Việt Nam Caitlin Wiesen. — VNA/VNS Photo Minh Đức UNDP Resident Representative in Việt Nam Caitlin Wiesen suggests measures to realise the new integrated development plan of Mekong Delta 2021-2030 while talking to Việt Nam News on the launch of the plan on Tuesday. How do you assess the missions and orientations of the master plan of the Mekong Delta region in the 2021-30 period with a vision towards 2050. Remarkably, the plan sets the target that agricultural production will be transformed to adapt to changes in natural conditions in accordance with three ecological sub-regions? I would like to congratulate the Government on this first regional master plan for the Mekong Delta. This is the first multi-sector, inter-disciplinary, and inter-provincial master plan, which is the right direction for planning and sets a good example for other regions to follow. The plan employs nature-based solutions and a people-centred approach for … [Read more...] about Master plan expected to create breakthrough development for Mekong Delta