Urban redevelopment project

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

Prime Minister Pham Minh Chinh, at his meetings with Vietnamese farmers and agricultural businesses a few weeks ago, cited the success of TH Group as a fine example of high-tech agricultural development, and the circular economic model being pursued by the government. Famous for its TH true MILK brand, TH Group has been operating a $1.2 billion farm cluster project in the central province of Nghe An, featuring a state-of-the-art dairy cow farm and fresh milk production plant. The facility, which has a total annual capacity of 500,000 tonnes, hopes to quadruple the number of cattle to around 200,000 by 2025. To save production costs, TH Group has been operating a state-of-the-art system of solar power panels on the roofs of the farm cluster, and the system has been connected with the national power grid. As of last year, power produced from the panels has met one-fifth of the farm’s electricity demand. In 2019, TH Group began to use straws made from advanced bioplastics. This … [Read more...] about Businesses get set for circular economy

HCM City calls for investment in many projects at the Viet Nam – Europe Business Forum held on Thursday. — VNA Photo Xuan Anh HCM City offers numerous investment and business opportunities for European businesses, a Viet Nam – Europe Business Forum heard on June 30. The event organised by the Investment and Trade Promotion Centre in HCM City heard that the city is soliciting investment in 197 projects in a number of areas such as traffic infrastructure, agriculture, housing, and healthcare. They include the US$761 million Elevated Road No 1 from Tan Son Nhat Airport to the city centre and the $255 million Northern Saigon 2 Wastewater Treatment Plant in Thu Duc City. As of last year the city had 1,044 projects set up by EU businesses out of the 2,263 they had in Viet Nam with investments totalling $6.45 billion, or 12.18 per cent of the city’s total FDI. Vo Van Hoan, deputy chairman of the city People’s Committee, said: “With the EU’s assistance in the form of expertise, … [Read more...] about HCM City attractive investment destination for Europe: forum

Real estate prices in Ho Chi Minh City skyrocketed during the second quarter of this year to hit record highs, with some villas in the city currently on sale for VND700 billion (US$30 million), according to statements given at a conference on Tuesday. At the 'Money Flow and Real Estate Trends in Late 2022' conference hosted by Cafeland , a real estate website, Vo Huynh Tuan Kiet, director of housing project marketing at CBRE Vietnam, shared that houses and villas in urban areas in the east of the city are currently on the market for prices ranging from VND200 million ($8,580) to $400 million ($17,200) per square meter. Regarding housing supply, Kiet said that the number of available apartments in Ho Chi Minh City soared to 12,000, up from about 1,000 in the first quarter of this year. The supply in the second quarter is nearly equal to that in the third quarter of 2019, a sign that the market is making a serious comeback. These apartments, however, are primarily high-end and … [Read more...] about Housing prices in Ho Chi Minh City hit record highs

Caitlin Wiesen, resident representative of the United Nations Development Programme in Vietnam In an effort to cope with the climate emergency and environmental pollution, as well as biodiversity, in March the world’s environment ministers endorsed a resolution to lay the foundation for preparation of an international and legally-binding agreement to end plastic pollution by 2024. For the first time, the contributions of the informal waste workers - who are typically low-paid workers who collect recyclable waste - have been recognised in an environmental resolution. The intergovernmental negotiating committee will consider the lessons and best practices from the work of informal waste workers. While this inclusion is something to celebrate, there was no specific mention of women and the gendered aspects of the informal waste sector. Yet globally, women make up the majority of the workforce working in the informal waste management sectors. Here in Vietnam, over 60 per cent of … [Read more...] about 3Vs for gender-inclusive circular era