Mr. Nguyen Duc Hien, Deputy Head of the Central Economic Committee, said that over the past ten years, urbanization and urban development in Vietnam had seen rapid growth, promoting the country's economic development and achieving many set targets. The space and number of urban areas have increased rapidly from 33.5 percent in 2010 to nearly 39 percent in 2020. Urban areas were evenly distributed, creating a nuclear driving force for the process of socio-economic development. The urban economy is one of the three pillars of the economy, accounting for more than 7 percent of the country's gross domestic product (GDP). However, urbanization and urban development still show many shortcomings, such as the risk of imbalance in development between urban and rural areas, overloaded infrastructure, and asynchronous connection. Assessing the real estate market recently, Mr. Nguyen Van Sinh, Deputy Minister of Construction, said that the development of the real estate market is not sustainable. … [Read more...] about Urbanization spurs socio-economic development
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VN PAY recorded as only QR code developer on mobile banking apps
Lê Doãn Hợp, former minister of Information and Communications cum chairman of the Việt Nam Record Association, awarded a certificate of Việt Nam Record to Việt Nam Payment Solution Joint Stock Company. — VNS Photo Viet Nam News … [Read more...] about VN PAY recorded as only QR code developer on mobile banking apps
Thuong Nhat hydropower project’s license revoked
On November 16, the ministry established a team to inspect the project’s compliance with regulations on reservoir management and natural disaster prevention and control. Three days later, the inspection team reported violations at the project, the local media reported. … [Read more...] about Thuong Nhat hydropower project’s license revoked
Mitsubishi Materials invests $90 million for 10 per cent stake in Masan High-Tech Materials
After the acquisition of H.C Starck , a leading global mid-stream tungsten business, in June this year, MMC’s participation as a strategic partner is a validation of management’s transformation into a vertically integrated high-tech tungsten platform. … [Read more...] about Mitsubishi Materials invests $90 million for 10 per cent stake in Masan High-Tech Materials
Fintech VNPAY honoured as Vietnam National Brand 2020
Continuous improvement, the key to Dutch Lady’s relentless rise to top 4 in global nutrition listVingroup to award scholarships of nearly VND 40 billion to master's and PhD candidates in science and technologyThreats and opportunities during turbulent 2020GREENFEED EMPOWERS FARMERS WITH THE 10-YEAR JOURNEY OF THE "TIEP SUC NHA NONG" PROGRAMMEVietnam's tourism achieved high ranking despite the difficulties caused by Covid-19 pandemic … [Read more...] about Fintech VNPAY honoured as Vietnam National Brand 2020
