HCM City works to solve difficulties facing property enterprisesThe People’s Committee of Ho Chi Minh City held a conference on November 7 to help local real estate enterprises solve difficulties.Le Hoang Chau, President of the Ho Chi Minh City Real Estate Association, said the local property market faces several bottlenecks affecting enterprises’ business and investment activities, including approval of investment intentions, ground clearance, land use feess, project acquisition, using land funds to pay for Build-Transfer (BT) contracts, and credit and financial procedure issues.The slow settlement of these bottlenecks is one reason for the significant decrease in the supply of real estate products in 2018, which is forecast to continue reducing in 2019, Chau affirmed.At the event, local enterprises shared difficulties facing them during project implementation.Chairman of the municipal People’s Committee Nguyen Thanh Phong admitted that there remain several … [Read more...] about BUSINESS NEWS IN BRIEF 9/11
To big to fail
The running movement spread throughout Vietnam in 2017, as Vietnamese runners set records that could not have been imagined in earlier times. Runners made their marks not only on local routes, but also on well-known tracks throughout the world. Phạm Duy Cường Last May, the Vietnam national flag was hoisted on Everest peak when Phạm Duy Cường finished the 42,195km race at the Tenzing-Hillary Everest Marathon.Cường, 35, from Hanoi, finished the race with a time of 7hr 47.07min and ranked No 71 out of 202 competitors.This is an annual tournament which is considered as the world’s highest marathon.It is an international high altitude adventure sports event held from the Mt. Everest Base Camp, crisscrossing through the high sherpa trails in Khumbu Valley on May 29 every year.Cường has become more famous due to the marathon. He has since established the “Chạy Vì Mình - Run For Self” club, where … [Read more...] about Run to inspire people
Oil spill response training held in Quang Ninh Some 200 people from oil exploiting and transporting companies and organisations in the northern province of Quang Ninh were provided with necessary knowledge and skills to respond to oil spills during a training course held in the locality on March 28. The course was jointly organised by the provincial Department of Natural Resources and Environment and the Vietnam Maritime Construction Investment Consultancy Joint Stock Company. Participants were equipped with measures to control oil spills, laws and regulations related to the issue as well as technical measures to clean up oil-contaminated areas and ways to manage environmental pollution after the oil spill. They also practised collecting oil from the spill in conditions of strong flows and big waves. There has been no serious oil spill case in Quang Ninh province since the beginning of 2017. Enhancing skills to prevent and tackle oil spills is necessary for the province as it is a … [Read more...] about Social News In Brief 28/3
VietNamNet Bridge – Analysts believe that there are many ways to develop Hai Phong Port and make big profits off it. In late November 2014, the managers of SGRF, Oman’s State General Reserve Fund, and VOI, one of its subsidiaries, had a meeting with leaders of the Vietnam’s Ministry of Transport in Hanoi. The topic discussed was an Oman investor’s plan to buy Hai Phong Port. VOI is a joint venture between SGRF and the Vietnam’s State Capital Investment Corporation (SCIC), a powerful company specializing in making investments in businesses with the state’s money. VOI has invested in several large projects in Vietnam, including the Vinh Son – Song Hinh thermopower plant, HCM City-based Technical Infrastructure Investment JSC and Vinmec Hospital. Just two days after the meeting, the Ministry of Transport sent a document to the Prime Minister, asking to allow Vinalines (the owner of Hai Phong Port) to sell 19.68-29.68 percent of Hai … [Read more...] about Why does an Oman investor want to buy Hai Phong Port?
No banks too big to fail: c.bank governor SJC gold brand to be at central bank’s helm By Ngoc Lan and Thanh Thuong - The Saigon Times Daily A vendor holds up SJC gold. Vietnam’s central bank plans to convert the SJC gold brand into the national one that is under its direct management - Photo: Reuters HANOI, HCMC – Central bank governor Nguyen Van Binh, speaking at a Q&A session at the National Assembly (NA) last Friday, said no banks in the country were too big to fail. The country’s biggest bank is just equivalent to a medium-sized bank in the region, he told the National Assembly that wrapped up its month-long session last Saturday in Hanoi. National Assembly deputy Truong Trong Nghia of HCMC asked Binh whether large banks in Vietnam were at risk of collapse because the banking system restructuring plan referred largely to small and ailing banks. Binh said Vietnam Bank for Agriculture and Rural Development (Agribank), the biggest lender in Vietnam in … [Read more...] about No banks too big to fail: c.bank governor