Spider houses

On behalf of the real estate enterprises, Mr. Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association (HOREA), said that compared to the previous year, there was an additional petition of Gamuda Land Joint Stock Company. The petition states that while waiting for the Prime Minister to decide on a VND514-billion deduction following the recommendations of the Government Inspectorate, over the past time, construction investment and business activities of the company have been stagnant, affecting the reputation and brand of this company in 10 years of operation in Vietnam. As for the matter of social housing, Mr. Le Huu Nghia, CEO of real estate developer Le Thanh, said that they were considering whether to develop social housing again. Because of too many difficult procedures, many people advised him to play safe by switching to develop commercial real estate. At the Le Thanh Tan Kien social housing project in Binh Chanh District, although the HCMC People's Committee had directly instructed to remove obstacles, after three years of implementing the project, now it backs to square one. Although the regulation for the processing time of the application by authorities is 215 days, in fact, the processing of the application can take a lot longer than that because the application must be transferred between departments and districts. Even a document from the urban management office to the district People's Committee takes several months. Moreover, although the social housing projects are invested by enterprises from start to finish, they are audited as projects using capital from the State budget. Meanwhile, the auditors are too strict. They slap them with high fines on petty mistakes, discouraging investors, Mr. Le Huu Nghia explained. Le Thanh Company is one of 20 enterprises that have petitioned the city through the summary of HOREA. This list shows that many petitions had been raised by investors at meetings with the city leaders in the past years, …

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This increase can be attributed to a hike occurring in the price of education services, coupled with the impact of natural disasters which have recently struck the country’s central provinces. These statistics indicate that October’s CPI recorded an annual increase of 2.47%, while the average CPI during the opening ten months of the year rose by 3.71% compared to the same period last year. Among 11 different categories of goods and services, six witnessed rising prices, including education which rose by 1.35%, housing and construction materials with a rise of 0.29%, beverages and tobacco up by 0.08%, garment and textiles up 0.06%, medicine and medical services up 0.01%. In addition, maintenance and home repair services saw increase of 0.15% and 0.2%, respectively. Furthermore, other commodity and services groups also witnessed a decrease in their price indexes, including culture, entertainment, and tourism which fell by 0.18%, food and catering services which dropped by 0.13%, transportation down 0.08%, and the post and telecommunications group which declined by 0.03%. Elsewhere, the prices of home appliances and equipment remained unchanged. Domestic gold prices also saw fluctuations in line with the global prices of the gold price index in October, with a decrease of 1.1% compared to September and an increased of 30.91% from December, 2019, up 29.63% from the same period last year. According to the GSO’s report, the inflation rate in October increased by 0.07% compared to September and 1.88% from the same period last year, with ten-month inflation rising by 2.52% on-year. …

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The Hanoitimes - Vietnam keeps an eye on the developments in Myanmar and hopes that the country will soon stabilize the situation to maintain the national development for peace, stability, and cooperation in the region, Vietnam has raised voice shortly after top leaders of Myanmar were detained by the military. Spokesperson of Vietnam’s Ministry of Foreign Affairs Le Thi Thu Hang. Photo: MOFA “As a regional neighbor and an ASEAN member, Vietnam keeps an eye on the developments in Myanmar and hopes that the country will soon stabilize the situation to maintain the national development for peace, stability, and cooperation in the region, continuing its contribution to the building of the ASEAN Community,” Spokesperson of Vietnam’s Ministry of Foreign Affairs Le Thi Thu Hang said in a statement on February 1, the same day of a coup in Myanmar. In early morning raids Monday, Myanmar’s military has taken control of the country and declared a state of emergency after detaining State Counsellor Aung San Suu Kyi, President U Win Myint, and other senior government leaders. The military confirmed it had detained the country’s de facto civilian leader Suu Kyi, along with other high ranking National League for Democracy (NLD) leaders, in response to alleged voting irregularities in November’s election. Myanmar Radio and Television (MRTV), Myanmar’s state-owned and most widely accessible television and radio stations, announced a year-long state of emergency on Monday. The world’s top leaders, including UN Secretary General Antonio Guterres, US State Secretary Antony Blinken, White House Spokesperson Jen Psaki, the UK Prime Minister Boris Johnson, and Australian Foreign Minister Marise Payne have raised concerns over the situation, calling for immediate release of the arrestees. …

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