Urbanisation

Urbanisation ratio is expected to reach 53.9% in 2023 (Photo: VNA) Hanoi (VNA) – The Ministry of Construction (MoC) has set a target of raising the urbanisation ratio of the country to 53.9% in 2023. urbanisation ratio increased by 1.2% to 41.7%, he noted, adding that in the year, the ministry recognised five areas as tier-4 urban areas. special-type areas , 22 tier-1, 33 tier-2, 47 tier-3 and 94 tier-4 urban areas. Illustrative image (Source: VNA) It will complete the national database on urban development planning, along with a plan to develop the housing and real estate market. climate change response in the 2021-2030 period, a plan to promote green growth urban areas in Vietnam until 2030, a project to develop smart sustainable urban areas in the 2018-2025 period with a direction to 2030, and a national urban classification for the 2021-2030 period. VNA … [Read more...] about Urbanisation ratio expected to reach 53.9% in 2023

The Ministry of Construction (MoC) has set a target of raising the urbanisation ratio of the country to 53.9 per cent in 2023. Apartments in Hanoi. In 2022, Vietnam's urbanisation ratio increased by 1.2 per cent to 41.7 per cent. According to head of the MoC Office Đậu Minh Thanh, urban planning, management and development has been defined as one of the three breakthrough stages of the sector. In 2022, the country's urbanisation ratio increased by 1.2 percentage points to 41.7 per cent, he noted, adding that in the year, the ministry recognised five areas as tier-4 urban areas. As of November 2022, the country had 888 urban areas, including two special-type areas, 22 tier-1, 33 tier-2, 47 tier-3 and 94 tier-4 urban areas. Thanh said that in 2023, the ministry will focus on implementing the Government's action plan to realise Resolution No.06-NQ/BCT on sustainable urban planning, construction, management and development until 2030 with a vision to … [Read more...] about Urbanisation ratio expected to reach 53.9 per cent in 2023

A street in Hanoi is flooded after heavy rains. (Photo: VNA) Hanoi (VNA) – Alongside urbanisation , flooding in cities of Vietnam, a country highly vulnerable to climate change, is getting complicated and needs concerted solutions, according to experts. There are more than 800 cities nationwide, including the two special municipalities of Hanoi and Ho Chi Minh City. Big and populous cities such as Hanoi, Ho Chi Minh City, Da Nang, and Vinh of Nghe An province have frequently suffered from heavy losses caused by downpours and flooding. Nguyen Van Tien, Deputy Director of the Vietnam Disaster Management Authority under the Ministry of Agriculture and Rural Development, said Vietnamese cities, especially major ones, are centres of economic, social, and cultural activities and also concentrations of infrastructure facilities and residential areas. They are exposed to many disaster risks, including flooding, which requires proactive preventive and timely response measures. … [Read more...] about Urban flooding needs concerted solutions

Van Don-Mong Cai expressway (Photo: VNA) Hanoi (VNA) – Vietnam is striving to become a developed nation with high income , full and harmonious socialist-oriented market economy institutions, and a fair, democratic and civilised society by 2050, according to the National Master Plan for the 2021-2030 period with a vision to 2050. National Assembly Chairman Vuong Dinh Hue recently signed to promulgate Resolution No.81 on the master plan. The country's GDP growth is expected to reach 7% per year during the 2021-2030 period and 6.5-7.5% annually in the 2031-2050 phase. The GDP per capita in current price equivalent is projected to increase to 7,500 USD by 2030 and 27,000-32,000 USD by 2050. Illustrative image (Photo: VNA) The plan also aims to raise the proportion of urbanisation to over 50% by 2030 and 70-75% by 2050. The digital economy will account for 30% of the GDP by 2030. During 2021-2030, Vietnam will focus on inclusive, rapid and sustainable … [Read more...] about Vietnam to become developed nation with high income by 2050

Sembcorp has made significant progress by growing its industrial property portfolio. How can its achievements be assessed? Charles Chong, head of Sembcorp Development in Vietnam Since Sembcorp started Vietnam Singapore Industrial Park (VSIP) in 1996, we have diversified our industrial property portfolio. With VSIP, we pioneered the integrated township and industrial park concept. In 2022, Sembcorp launched a new smart and sustainable VSIP and obtained a licence for our 12th VSIP, to be developed in the Mekong Delta city of Can Tho. Sembcorp has also completed ready-built warehouses in Haiphong city and Hai Duong province, both in the north. We are working with Vietnam in its industrialisation and urbanisation journey. We are proud that our projects have brought us closer to the Vietnamese people by generating good employment opportunities, catalysing growth in provinces, establishing communities in new places, and taking care of the disadvantaged in our communities. … [Read more...] about Sembcorp’s consistent sustainability

We were delighted to see regular exchanges of high-level visits between Singapore and Vietnam resume in 2022. Vietnam’s President Nguyen Xuan Phuc visited Singapore in February, while Singaporean President Halimah Yacob visited Vietnam in October. Jaya Ratnam, Singaporean Ambassador to Vietnam Through government-level MoUs signed at the two state visits, Singapore and Vietnam strengthened our multi-faceted cooperation and expanded cooperation to include new areas such as digital economy, regional and global supply chain connectivity, energy, and carbon credits. These MoUs have enabled Singapore and Vietnam to seize new opportunities in the digital and green economy as the world recovers from the pandemic. Singapore and Vietnam share strong trade and investment ties. Bilateral trade has grown steadily over the past decade, reaching SGD26.9 billion ($20 billion) in 2021, an 18.7 per cent increase on-year. Singapore was also Vietnam’s second-largest cumulative foreign … [Read more...] about Much to celebrate with 50 years of Singaporean ties

Recent lending restrictions, investor outflow from corporate bonds, and increasing interest rates have made the residential real estate market less liquid. However, the commercial real estate market is still seen as having substantial growth potential. Vietnam's commercial property sector offers a great deal of promise since supply is restricted and demand is rising rapidly. Photo: L.T According to a recent analysis by Cushman & Wakefield Vietnam, Vietnam's commercial real estate sector is still fairly young and mostly centred on Ho Chi Minh City and Hanoi. Vietnam ranks 15 th in the world in terms of population (with almost 100 million people), and its urbanisation rate exceeds 40 per cent. Along with this, every year, a large number of migrants – particularly young people – arrive in major cities. Meanwhile, only roughly 820,000 square metres of Class A office space is available in Ho Chi Minh City and Hanoi combined. This is much less than regional office … [Read more...] about A great chance to invest in commercial property

What is your take on the current global trend of green development today? Ramla Khalidi, resident representative of the United Nations Development Programme in Vietnam Climate change is increasingly compelling countries to restructure their economies. Daunting as all this may seem, crises can be a catalyst for change. The country parties to the United Nations Convention on Biodiversity have agreed on a new global biodiversity framework at the 15th Conference of the Parties in December in Canada, aiming to conserve biodiversity and natural resource, upon which the global economies and people are dependent. The trends are moving towards green growth. We can transform current challenges into the foundations of a more prosperous and stable future by investing in a green, resilient, and inclusive economy. For example, the world is presently experiencing its first truly global energy crisis. This is happening at a time when the cost of renewables continues to drop. What … [Read more...] about Catalysing change for all of society

Visitors find a bamboo house with palm thatched roof an interesting part of Go Co village. (Photo: VNA) Quang Ngai (VNA) - Boasting untouched beauty, and unique cultural vestiges and traditional practices of Sa Huynh culture, Go Co ancient village in the central province of Quang Ngai is an attractive cultural destination for travelers. The ancient village is in Pho Thanh ward, Duc Pho town, about 60 km south of Quang Ngai city. The Sa Huynh beach has distinctive golden sand. Go Co is isolated in a valley surrounded by granite that is millions of years old, with its back leaning against the mountain and facing towards the sea. Surrounded by four mountains – Ganh, Ong Tau, Tru Bo and Ba Quach – the ancient village is naturally protected by the mountains and a downhill valley from natural disasters. Vestiges of Cham, also known as Champa culture, were excavated 100 years ago by French archaeologists and then Vietnamese researchers in the late 1970s. Grave jars of … [Read more...] about Go Co ancient village adds charm to Quang Ngai province

As part of its regional expansion strategy, APAC Realty acquired an initial 38 per cent stake in ERA Vietnam and Eurocapital in February 2020. Upon completion of the transaction, the group will increase its shareholding in ERA Vietnam and Eurocapital to 60 per cent each. “The growth capital extended during our initial investment was the catalyst which sparked ERA Vietnam’s tremendous growth over the past two years both in terms of revenue and agent headcount. Over this period, the agency’s management team established the ERA Vietnam brand name in Vietnam’s nascent and thriving real estate market, and more than doubled the salesperson headcount," said Marcus Chu, CEO of APAC Realty. "With these positive results, we are confident that our second investment will support ERA Vietnam’s next phase of growth and allow us to realise greater value for APAC Realty shareholders over the long-term.” Founded in 2017, ERA Vietnam is based in Ho Chi Minh City. The agency has grown its agent … [Read more...] about APAC Realty acquires additional stake in ERA Vietnam