Despite the high demand for housing, the transaction volume stays low due to the high prices compared to people’s average income. The scarce supply of new projects remains a key factor keeping demand for housing high in Hanoi’s real estate market in 2023. Locals looking at a real estate project in Hanoi. Photo: Pham Hung/The Hanoi Times During the last months of 2022, transactions in the real estate market stayed in stark contrast to the previous boom period. Experts suggested that this was due to several laws regulating the market not being completed, coupled with a sharp decline in liquidity as a result of the government's direction to restrict credit flows in high-risk fields and tighter regulations on corporate bond issuance. The sharp drop in transaction volume and supply, coupled with the high demand for housing, means that prices continue to rise. Data from the Vietnam Association of Realtors (VARS) showed in the fourth quarter of 2022, Hanoi has … [Read more...] about Demand for housing in Hanoi forecast to rise in 2023
Renewable energy income partnership holdings 1 limited
Science, technology, innovation to contribute over 50% to agricultural growth by 2030
Illustrative image (Photo: VNA) Hanoi (VNA) – The Ministry of Agriculture and Rural Development (MARD) is striving to increase the proportion of science , technology and innovation ’s contributions to the sector’s growth by over 50% by 2030 through research, transfer and application activities. The number of businesses engaged in innovation will account for 60% of the total working in the sector by 2025, and 85% by 2030. The sector will support the construction and development of at least 200 hi-tech agricultural enterprises nationwide, and 50-100 high-tech agricultural zones in the agro-ecological ones. BBFarm agricultural cooperative in Song Long commune, Son Hoa district, Phu Yen province (Photo: VNA) More efforts will be made to turn science, technology and innovation into a breakthrough to strongly develop Vietnam's agricultural economy; transform to a green and environmentally sustainable growth model; and improve productivity, quality, efficiency and … [Read more...] about Science, technology, innovation to contribute over 50% to agricultural growth by 2030
PM wants Mekong Delta expressways tripled in length by 2026
"We have to be determined to improve the traffic infrastructure in the region within this government term [2021-2026], especially the expressway system," the prime minister said when meeting with authorities in the Mekong Delta. Between now and 2026, the region should build an additional 463 kilometers of expressways, he said. As per a master plan for traffic infrastructure development, the region is set to have six expressways measuring 1,166 kilometers long in total. They are to be funded by either state funds or via the public-private partnership format. Until now, only four expressways have been completed, running a combined total of 171 kilometers in length. The delta now has eight expressway projects that are either under construction or still waiting for investment procedures to be completed. The eight projects will cost a total VND94.4 trillion (US$4 billion). PM Chinh ordered that related agencies and localities where the projects go through must speed up work so … [Read more...] about PM wants Mekong Delta expressways tripled in length by 2026
Vietcombank names new general director
Tung was also elected to become a member of Vietcombank's board of directors for the 2018-2023 term at the bank's extraordinary shareholders' meeting held the same day. Tung, 49, holds bachelor's degrees in economics of international trade and English education, as well as a master's degree in economics of Paris Dauphine University. His career at Vietcombank has lasted 26 years, starting in 1997. He became the bank's office head in 2008, and deputy director of its operation center in 2013. He became the deputy general director of the sales division in April 2019, before becoming deputy general director of the board of management in August 2021. … [Read more...] about Vietcombank names new general director
HCM City needs to recruit more workers s after Tet
As many as 499 businesses in HCM City need to recruit around 14,500 workers after the Tet Lunar New Year holiday, according to the municipal Department of Labour, Invalids and Social Affairs. The department reported that of the figure, the garment and footwear sector accounts for roughly 5,000 workers, followed by companies which make electronic products and components with 2,200 and the wholesale industry with 1,000 people. Workers at a garment company in HCM City By January 27 around 42 percent of companies in HCM City had returned to work following the Tet Holiday as many businesses allowed their staff to stay at home on the Friday of the holiday week. In February, HCM City will hold many employment fairs. The city’s Employment Service Centre will organise a programme to offer career opportunities for people from different localities such as Can Tho, Ben Tre, Long An, Phu Yen, Binh Dinh, Gia Lai and Kon Tum. The Ministry of Labour, Invalids and … [Read more...] about HCM City needs to recruit more workers s after Tet