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Transit-Oriented Development (TOD) is vital to the Capital Region's sustainable development. As the draft of the amended Capital Law covers the development of the capital region, experts have written to The Hanoi Times to contribute to the early finalization of the draft. Assoc. Prof. Dr. To Van Hoa, Vice Rector of Hanoi Law University: T he Capital Region as a sustainable foundation for the capital and surrounding areas The Capital Region is what Hanoi aspires to grow into. The development of the Capital Region must facilitate the sustainable growth of the surrounding areas. The Thang Long Boulevard connects Hanoi with the provinces in the west and northwest. Photo: Pham Hung/The Hanoi Times The establishment of the capital region must attract the interest of neighboring provinces and cities, and the draft law must show them their potential benefits in participating in the socio-economic growth of the capital region. The draft of the … [Read more...] about Amended Capital Law: perfecting rules to boost Capital Region development

Hanoi should be empowered to stipulate regulations about its development. Dinh Tien Dung, Secretary of the Hanoi Party Committee, proposed that the revised Capital Law give Hanoi the power to set standards in line with practice in certain areas to ensure long-term security and safety. Secretary of the Hanoi Party Committee Dinh Tien Dung at the session. Photo: Quochoi Dung made the statement on September 20 at the session of the National Assembly Standing Committee in response to last week's tenement fire in Hanoi's Thanh Xuan District that claimed dozens of lives. Hanoi needs to be empowered At the session, Chairman of the National Assembly Vuong Dinh Hue said that the law is particularly important for the development of Hanoi . Therefore, it is necessary to continue to review and research to fully institutionalize policies for Hanoi's development as set out in the resolutions of the Politburo. Emphasizing that this is a law on decentralization of … [Read more...] about Amended Capital Law: Hanoi needs more power

Legal experts said the law should be more specific in areas that are unclear to ensure transparency in mobilizing financial resources. How can Hanoi strengthen its ability to manage its finances and budget while attracting investment capital to develop the capital? It’s a question raised during the drafting of the revised Capital Law. The law has a chapter on finance and resources for the capital city’s development. The Hanoi Times has an interview with some experts on the issue. Paying tax at Thanh Xuan District, Hanoi. Photo: Thai San/The Hanoi Times Associate Prof. Bui Huu Duc, Chairman of the School Council of Thuongmai University, Hanoi: Establish a system that allows the capital to have resources for investment and development. I supported allowing Hanoi to keep more of the revenues it collects for its development. Specifically, in Article 37 of the revised Capital Law , Hanoi is allowed to keep all money it collects from its … [Read more...] about Amended Capital Law: Efficient resource mobilization needed

The amendment of the 2012 Capital Law becomes imperative to introduce innovative and groundbreaking mechanisms, pool all available resources, and harness potential and strengths effectively for the development of Hanoi. Amended Capital law should include fields that could spur Hanoi’s development in the long term, Vice Minister of Justice Dang Hoang Anh shared the view during a meeting discussing the amended Capital Law on August 16. Vice Chairman of the Hanoi People's Committee Le Hong Son (l) and Deputy Minister of Justice Dang Hoang Anh (r). Photos: Thai San/The Hanoi Times A report from the Ministry of Justice noted the 2012 Capital Law serves as a significant legal framework that delineates the position, roles, responsibilities, and policies governing the construction, development, and safeguarding of the capital. The specific policies outlined in this law have facilitated the establishment of a relatively comprehensive set of legal tools in Hanoi for … [Read more...] about Amended Capital Law urged to promote priority fields essential for Hanoi’s development

Decentralization is key for local governments to be able to fulfill their tasks. The draft of the amended Capital Law has raised public concerns about the development of cities within a city. The Hanoi Times has received expert feedback on the issue. Architect Dao Ngoc Nghiem, Vice Chairman of the Vietnam Association for Urban Planning and Development: Special mechanism needed for city-within-a-city model Hanoi aims to urbanize five rural districts to make them urban districts by 2025 and two more later. Now, the concept of the city-within-city model is being introduced by urban developers. Previously, there was no city subordinate to a first-tier city. The law stipulated that only a province has its subordinate cities. In 2016, the first city-within-city was established, Thu Duc, a submunicipal unit of Ho Chi Minh City, one of the nation's five first-tier cities. An urban residential area in Hanoi. … [Read more...] about Amended Capital Law to govern the city-within-a-city model

By the end of 2022, a total of more than 2,060 outstanding graduates from Hanoi's universities and colleges have been honored. As talent attraction and human resources development are key to the capital's growth, experts hope the amended Law will cover this issue. The Politburo Resolution 15-NQ/TW of May 5, 2022, on the development of Hanoi until 2045, sets development goals for the capital. Outstanding students and young adults in 2022 honored by Hanoi authorities. Photo: The Hanoi Times Accordingly, Hanoi in 2030 will become a modern, cultured and civilized city, the center driving the growth of the Red River Delta, the Northern Economic Zone and the whole nation. Hanoi will also strengthen its international cooperation and integration and catch up with other major cities in the region and the world. To realize these goals, the Hanoi Party Committee must build a healthy, solid and dynamic organizational apparatus with highly capable, ethical, creative … [Read more...] about Hanoi must highlight talent recruitment in the amended Capital Law: law lecturers

The task force's primary responsibility is to advise Hanoi leaders in collaboration with central agencies to refine the draft amended Capital Law. Chairman of the Hanoi People’s Committee Tran Sy Thanh has signed off decision No.4430 on the establishment of a task force responsible for drafting the amended Capital Law. Hanoi from above. Photo: The Hanoi Times As per the decision, the task force comprises 20 members, including Le Hong Son, the Permanent Vice Chairman of the Hanoi People's Committee, who serves as the Team Leader, and Ngo Anh Tuan, Director of the Hanoi Department of Justice, acts as the Deputy Team Leader. … [Read more...] about Hanoi sets up task force to draft amended Capital Law

To further bolster its appeal, Hanoi should establish regulations that provide favorable living, working, and educational conditions for investors' family members. The draft amended Capital Law should broaden and enhance opportunities for strategic investors, including large domestic and multinational corporations, to come to Hanoi, according to the President of the Foreign Trade University, Bui Anh Tuan. Electronics production at an FDI company in Hanoi. Photo: Nguyen Minh/The Hanoi Times "To bolster its appeal, additional regulations should be put in place to facilitate favorable living, working, and educational conditions for relatives of investors in the Capital. This will contribute to establishing Hanoi as the preferred headquarters for both domestic and multinational corporations," said Tuan. … [Read more...] about Capital Law should help Hanoi attract multinationals: Expert

Coffee capsule production line of Nestlé Việt Nam. — VNA/VNS Photo Foreign investment capital into Việt Nam continues its increasing trend, with US$20.21 billion in nine months, a year-on-year growth of 7.7 per cent. Disbursed capital also reached more than $15.9 billion, an increase of 2.2 per cent. Data from the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment (MPI) showed that the total newly-registered foreign investment capital, adjusted and contributed capital to buy shares, and buy contributed capital of foreign investors reached approximately $20.21 billion as of 20 September this year, up 7.7 per cent year-on-year. Of these, 2,254 new projects were granted investment registration certificates, with more than $10.23 billion, an increase of 66.3 per cent in the number of projects and 43.6 per cent in capital compared to the same period last year. Additionally, 934 projects registered to adjust investment capital, with a total additional … [Read more...] about More than $20 billion of foreign investment capital registered in Việt Nam in 9 months

Inside Gene Solutions lab. Gene Solution is a biotechnology firm that focuses on identifying the presence of specific diseases using their DNA markers. — Photo courtesy of the firm Mekong Capital on Wednesday announced that the Mekong Enterprise Fund IV (MEF IV) has completed US$21 million series B investment in Vietnamese rapidly growing biotechnology firm, Gene Solutions. The latest investment, which follows MEF IV’s initial investment in 2021, supports Gene Solutions’ expansion plan in Southeast Asia, especially for providing early detection tests of multiple forms of cancer. “This second round of investment by Mekong Enterprise Fund IV into Gene Solutions will be used to fund their ongoing expansion throughout Southeast Asia. We have great confidence in Dr. Nghĩa, the co-founders and the excellent team that Gene Solutions has assembled,” said Chris Freund, Founder and Partner at Mekong Capital. “Our initial investment in Gene Solutions has been performing very well over … [Read more...] about Mekong Capital’s fund completes $21m Series B investment in Gene Solutions