Urban development

The incident in October was detected after cracks were seen on the section in Thu Duc District. Soon after, the contractor, a consortium comprising Vietnam’s Civil Engineering Construction Corporation No. 6 (Cienco 6) and Japan's Sumitomo Corporation, said they had fixed the issue. Project manager Shigeki Ihara had said then that the incident was just a "single case" involving one beam. … [Read more...] about Another fault seen in HCMC metro line

PVPower (POW) plans to divest all capital from Nam Chien Hydropower, Song Hong Energy, Petroleum Urban Development; Song Tranh 3 Hydropower, EVN International, Petroleum Mechanical and Electrical, Vietnam - Laos Electricity, and Petroleum Equipment - Machinery. … [Read more...] about PVPower to divest entirely from eight affiliates

An Phu Company which is responsible for the afforestation and forest management project was also shamed after 15.4 cubic metres of timber was found under three holes in their forest areas. The police launched an investigation into deforestation and Lam Dong People's Committee fined the company VND251m (USD10,800) for illegally building 14 houses and illegally converting 28ha of forest land for other usage. … [Read more...] about VIETNAM NEWS JANUARY 15

Mr. Nguyen Phuong Dong, Deputy Director of the Department of Industry and Trade of HCMC, said that the industry and trade had made great efforts to overcome difficulties, sticking to the dual goal of both preventing the Covid-19 pandemic and developing the economy in 2020. The retail industry, with the support of e-commerce, had become the fulcrum for the whole service sector, which is most heavily affected by the Covid-19 pandemic. The wholesale and retail trade sector accounted for 25.2 percent of the service sector, equivalent to 15.7 percent of the city's gross regional domestic product (GRDP). It was the industry that attracted the most foreign direct investment (FDI) in 2020, with 418 projects worth US$233.2 million of newly-registered capital. Total retail sales of goods reached more than VND759.71 billion, an increase of 11.9 percent year-on-year. In 2021, the industry and trade set an increase of 5 percent in the index of industrial production (IIP) of the whole industry. Of … [Read more...] about HCMC’s total retail sales of goods rise 11.9 percent in 2020

The Ho Chi Minh City People’s Committee has submitted a proposal to the Ministry of Construction amending and supplementing a decree which allows for the renovation and reconstruction of old apartment buildings without approval from 100 percent of the residents in the affected tenements. … [Read more...] about Ho Chi Minh City floats renovations to old tenements before go-ahead from residents