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A social housing block in Ninh Thuan Province. — VNA/VNS Photo Cong Thu The Government has recently urged ministries to take measures to help the realty sector get back on track and sustain its healthy growth. The Ministry of Construction (MOC), the Ministry of Finance (MOF), and the State Bank of Vietnam (SBV) have been urged to make a joint effort to support realty firms facing legal entanglements, especially those involved in corporate bond issuances and bank mortgages. Realty firms have been called to focus more on developing low-end segments to increase the availability of affordable housing for low-income homebuyers and workers. MOC has been requested to speed up the drafting of 'The scheme of one million social housing for low-income homebuyers and workers between 2021 and 2030' and submit the scheme to the Prime Minister for approval no later than March. In addition to the scheme, the ministry has been tasked with executing Decision No.1435, which calls for the … [Read more...] about Government calls for broad-based measures to help realty sector

Vietnam’s stock market system has been improved in recent times through more transparent management, Photo: Le Toan At a seminar in March on the strategy for development of Vietnam’s securities market for this decade, Shimizu Akira, chief representative of the Japan International Cooperation Agency (JICA) in Vietnam said it is urgent to improve the fairness and transparency of the domestic market for Vietnam’s stock sector to become a more attractive and efficient capital mobilisation channel. “The Vietnamese government has made strides and implemented swift remedies to the issue, including on the revised Law on Securities and launching the Vietnam Stock Exchange,” Akira said. Based on the proposal of the Vietnamese government, JICA has implemented a technical cooperation project to strengthen the capacity of the State Securities Commission (SSC) and the three stock exchanges through providing practical knowledge and know-how on the regulatory activities in Japan and other … [Read more...] about Hurdles still to climb for stock market gain

The "We are ABLE" project aims to strengthen the ability of children from ethnic minorities, especially girls, to overcome the challenges they face. The Ho Chi Minh Communist Youth Union on March 28 announced Phase II of the project "We are ABLE - Promoting Gender Equality and Girls' Education for Children in Ethnic Minority Areas of Viet Nam". The launching ceremony of UNESCO’s “We are ABLE” project occurred on March 28 in Hanoi. Photos: UNESCO Vietnam According to Christian Manhart, UNESCO Representative in Vietnam, the project is expected to contribute to the Vietnamese Government's new 10-year Strategic Plan for Education Development, the Strategy for Ethnic Minority Development, and the national commitment to achieving Sustainable Development Goals, especially Goal 4 on education and Goal 5 on gender equality. In Vietnam, ethnic minorities are often disadvantaged compared to the majority population due to stereotypes and other cultural barriers. … [Read more...] about UNESCO continues fund for gender equality project in Vietnam

The high-tech measure is expected to improve the airport's operational efficiency and the detection of aviation violations. Van Don International Airport in the northern province of Quang Ninh is to pilot facial recognition (biometric authentication) for passengers at the check-in counter, according to the Civil Aviation Authority of Vietnam (CAAV). After Cat Bi International Airport in the northern city of Haiphong, this is the second airport in the country to pilot this advanced facial recognition technology. Travelers using chip-based citizen ID cards must go through a facial recognition system at the security check. The screening system uses VeriPAX software developed by the Airports Corporation of Vietnam (ACV). VeriPAX software displays all information read from ID cards and itinerary information associated with the passenger list to verify information on ID cards and boarding passes. Aviation officers will allow passengers into the screening area if the … [Read more...] about Van Don Airport to pilot facial recognition tech for passengers

Around 68 per cent of listed public companies are complying with minimum legal requirements on independent directors, in which the lowest rate is 30 per cent in the automobile sector, and the highest rate is 100 per cent in banking. Compliance rate rise bodes well for listed companies, illustration photo/ Source: Shutterstock The information was provided in the ‘Independent Directors Survey of Public Companies in Vietnam’ report, compiled by FiinGroup and the Vietnam Independent Directors Association (VNIDA). The survey and the report have been carried out with the primary technical support from the International Finance Corporation through the SECO-funded Vietnam Integrated ESG Programme, and covered 544 companies that have disclosures on independent directors out of 769 companies listed on the Ho Chi Minh City and Hanoi stock exchanges. Under 2020 legislation guiding the implementation of the Law on Securities, a listed company’s board is required to have at least … [Read more...] about Compliance rate rise bodes well for listed companies

Son stressed UNESCO’s important role in maintaining and consolidating peace, sustainable development and prosperity of countries worldwide, and in preserving and promoting heritage and cultural values of humankind in particular. Vietnam has worked to contribute to major UNESCO mechanisms to which it is a member such as the Executive Board, the Intergovernmental Committee for the Safeguarding of Intangible Cultural Heritage and the Convention for the Protection and Promotion of the Diversity of Cultural Expressions, he said. The minister noted that Vietnam always attaches importance to culture, considering it a spiritual foundation of the society, a target and momentum of national development. He appreciated the support of Assomo himself and the center for the recognition, conservation and promotion of cultural and natural heritage of Vietnam, saying he believes that the world heritage in Vietnam have significantly contributed to raising living standards of local residents as well … [Read more...] about Foreign Minister meets UNESCO World Heritage Center Director

A cross-functional team will be set up to work on improving the prospects of the local real estate market. Prime Minister Pham Minh Chinh has issued a document on solving real estate market problems and improving its prospects. An affordable housing project in Dong Anh District's Thang Long Industrial Park. Photo: Pham Hung/The Hanoi Times The document, numbered 178/TTg-CN, aligns with Resolution 33/NQ-CP dated March 11, 2023, which provides solutions to develop a healthy, transparent, and sustainable real estate sector. Under the latest document, the Ministry of Construction, the Ministry of Treasury, the State Bank of Vietnam, and related agencies will set up a working group and work with developers to resolve existing problems and increase confidence in the property market. The Prime Minister has asked the Ministry of Construction to finalize the plan to build one million affordable houses for low-income buyers and workers in industrial parks in … [Read more...] about New regulation in place to boost Vietnam’s real estate market