Urban project

The city’s authorities would continue to create favorable conditions for South Korean companies' projects, including those of Daewoo E&C, especially in culture, education, economy, and trade. Hanoi expects to become the destination for more high-quality FDI projects from Daewoo E&C that are in line with the city’s vision for development. Vice-Chairman of the Hanoi People’s Committee Le Hong Son (R) and Daewoo E&C’s President Jung Won Ju. Photo: Cam Anh Vice-Chairman of the Hanoi People’s Committee Le Hong Son stressed the view in a meeting with Daewoo E&C’s President Jung Won Ju today [June 22]. According to Son, the long-standing presence of Daewoo in Vietnam with its high-quality products and services left a good impression on the Vietnamese people. “Daewoo’s operation has contributed to the transformation of the city, raising living standards, and creating jobs for the locals,” Son said. Son added the city’s authorities would continue … [Read more...] about Hanoi expects high-quality investment projects from Daewoo E&C

Ho Chi Minh City is calling for investment into 197 projects in ten key areas, including infrastructure development, agriculture, industry, trade and services, healthcare, tourism, education and housing, an official told the Vietnam – Europe Business Forum in the southern largest economic hub on June 30. The Vietnam – Europe Business Forum takes place in HCM City on June 30. (Photo: VNA) Dao Minh Chanh, Deputy Director of the municipal Department of Planning and Investment, said EU countries are investing in 2,724 projects in HCM City, mostly in the fields of manufacturing and processing, retaile and wholesale, motor and automobile repair and maintenance, and information and communications. Worth a total of 7.69 billion USD, they account for 10.27% of FDI in the city, he said. HCM City has constantly improved its business climate and adopted various incentives to encourage more FDI, he said, adding that most notably among the incentives include … [Read more...] about HCM City calls for EU investment in nearly 200 projects

The Vietnam – Europe Business Forum takes place in HCMC on June 30. (Photo: VNA) Dao Minh Chanh, Deputy Director of the municipal Department of Planning and Investment, said EU countries are investing in 2,724 projects in HCMC, mostly in the fields of manufacturing and processing, retail and wholesale, motor and automobile repair and maintenance, and information and communications. Worth a total of US$7.69 billion, they account for 10.27% of FDI in the city, he said. HCMC has constantly improved its business climate and adopted various incentives to encourage more FDI, he said, adding that most notably among the incentives include reductions in corporate income tax, import-export duties and land lease. Vo Van Hoan, Vice Chairman of the municipal People’s Committee, highlighted the importance of the EU-Vietnam Free Trade Agreement (EVFTA) which has entered into force, saying it has brought great and balanced benefits to both sides and there is a huge opportunity for Vietnam and … [Read more...] about HCMC calls for EU investment in nearly 200 projects

Dao Minh Chanh, Deputy Director of the municipal Department of Planning and Investment, said E.U. countries are investing in 2,724 projects in HCM City, mostly in the fields of manufacturing and processing, retail and wholesale, motor and automobile repair and maintenance, and information and communications. Worth a total of 7.69 billion USD, they account for 10.27% of FDI in the city, he said. HCM City has constantly improved its business climate and adopted various incentives to encourage more FDI, he said, adding that most notably among the incentives include reductions in corporate income tax, import-export duties and land lease. Vo Van Hoan, Vice Chairman of the municipal People’s Committee, highlighted the importance of the E.U.-Vietnam Free Trade Agreement (EVFTA) which has entered into force, saying it has brought great and balanced benefits to both sides and there is a huge opportunity for Vietnam and the E.U. to step up bilateral economic cooperation. With the E.U.’s … [Read more...] about HCM City calls for E.U. investment in nearly 200 projects

Deputy Prime Minister Pham Binh Minh (R) receives Chairman of Daewoo E&C Group Jung Won-ju (Photo: VNA) Hanoi (VNA) - The Vietnamese Government is willing to create favourable conditions for foreign enterprises, including those from the Republic of Korea (RoK), to expand investment and business in Vietnam, Deputy Prime Minister Pham Binh Minh told Chairman of Daewoo E&C Group Jung Won-ju. During a reception for Jung on June 22, the Vietnamese leader expressed his belief that the two countries' relations will continue to develop more intensively and substantively in various fields, especially trade and investment. Deputy PM Minh highly valued investment of RoK enterprises in Vietnam, including Daewoo E&C Group. He said that Starlake Tay Ho and Meyhomes Capital Phu Quoc projects invested by the firm have contributed to creating a spacious and modern urban landscape, and improving the value of the Vietnamese people's lives. He expected Daewoo E&C Group to … [Read more...] about Vietnam welcomes RoK firms’ investment expansion: Deputy PM

Infrastructure Asia could support Hanoi in the search for consultants and partners in urban development, as well as in accessing capital from financial institutions. Infrastructure Asia seeks to strengthen cooperation with localities in Vietnam, including Hanoi, in addressing urban issues of water provision, wastewater treatment, logistics, and energy development. Overview of the meeting. Photo: Lien Ha Lavan Thiru, Executive Director of Infrastructure Asia - a project facilitation office set up by Enterprise Singapore and the Monetary Authority of Singapore - stressed the view in a meeting with Standing Vice Chairman of the Hanoi People's Committee Le Hong Son on June 23 in Hanoi. At the meeting, Lavan Thiru made a brief presentation on the role of Infrastructure Asia, emphasizing that it is an entity established by the Singapore government which supports Asia's social and economic growth through infrastructure development. In this regard, Infrastructure … [Read more...] about Singapore’s Infrastructure Asia seeks cooperation with Hanoi

The first Southeast Asian outdoor astronomy park located in Hanoi is nearing completion after five years of construction. Located in Duong Noi urban area in Ha Dong District, Hanoi, Astronomy Park is an outdoor public project for outer space lovers. The Astronomy Park in Hanoi was designed and constructed by Malaysia-based EGO Group. As its concept design is based on the idea of simulating the process of shaping the universe billions of years ago, the park reproduces the Big Bang and the formation of planets in the solar system. The construction of the first outdoor astronomy park in Southeast Asia started on July 4, 2017. The park area is 120.000 sqm, of which 6.000 sqm is the water surface area of the Bach Hop Thuy Lake. The Astronomy Park features the Zodiac Square, Milky Way Garden, Solar System Square, Moonlight Bridge, UFO Playground, Alien Square, Black Hole Pool, Light Fountain, among others. Photo: … [Read more...] about Exploring first astronomy park in Southeast Asia

The bridge to be built on the Red River could become another icon of the capital city. The Hanoi's authority has sorted out the final design of the Tran Hung Dao Bridge spanning the Red River in Hanoi. The final design of Tran Hung Dao Bridge is a combination of ancient and modern Hanoi. Photos: the organizer Accordingly, Tran Hung Dao Bridge will be a six-span arched truss bridge. Its curved lines resemble running waves. With a total length of about 5.5km, the bridge will connect the districts of Hoan Kiem and Hai Ba Trung with Long Bien District on the north bank of the Red River. The bridge’s design won the first prize in a design contest held by the city’s Transport Construction Investment Project Management Board and the Vietnam Association of Architects last October. The bridge designer said that Tran Hung Dao Bridge will represent a combination of ancient and modern capital city on the two sides of the Red River, featuring curving waves of the … [Read more...] about Hanoi selects final design of Tran Hung Dao Bridge

DoIC is working with World Bank to host a conference on developing a data strategy for HCMC from 2022-2025 https://data.hochiminhcity.gov.vn . The accessible databases here include electronic version of official documents and information on businesses and household businesses, secured transactions, house use right or land use right registration, hospitals, job certificates, schools and universities, educational services, foreign investment projects, public investment projects, market prices of essential commodities. DoIC is launching a virtual assistant service to aid officials to use these databases effectively for administrative procedure completion. Explaining difficulties arisen during the first development stage of these databases, Deputy Director Trinh shared that some content has not been done owing to negative impacts of the Covid-19 pandemic. However, the civil status database has been finished at the end of 2021, and the 1/2,000 and 1/5,000 geographic foundation … [Read more...] about HCMC completes first phase of developing shared databases

Bac Giang expands development space for industry, services. - Illustrative image (Photo: baobacgiang.com.vn) Bac Giang (VNA) – Chairman of the People’s Committee of Bac Giang province Le Anh Duong said the province will focus investment on developing socio-economic infrastructure , aiming to create breakthroughs to attract investment in the time ahead. According to Duong, Bac Giang plans to accelerate work to complete several key projects early, including a 7-storey building for the provincial hospital, and expansion of the functional rehabilitation hospital and medical centres of Tan Yen, Lang Giang and Hiep Hoa districts. Besides, Bac Giang will speed up the pace of transport projects with the aim of expanding the space for the development of industry and services by connecting with other localities such as Bac Ninh, Hai Duong, Thai Nguyen, Lang Son, Hanoi and Quang Ninh. The projects include a road linking National Roads 37 and 17 and Vo Nhai in Thai Nguyen, a road and … [Read more...] about Bac Giang expands development space for industry, services