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What development process

/ March 6, 2021

Environmental protection: Pillar of sustainable development

Changes in awareness The key achievement of environmental protection in the past year was passage of the revised draft Law on Environmental Protection, reflecting a comprehensive policy of making environmental protection a backbone of the sustainable development process. In 2020, with the involvement of news outlets, campaigns were implemented to raise awareness and improve environmental protection through waste treatment and other measures to ensure environmental safety and thereby contribute to growth. In addition, information about environmental air quality has been made available on a wide scale through the VN Air application on mobile devices and publication of the air quality index (VNAQI) on a national scale. Management agencies are using the Envisoft application to monitor and manage environmental data across the country. The rate of solid waste collected and treated in inner-city areas has reached about 92 percent, and 66 percent in suburban areas. Many localities have applied waste incineration to generate electricity instead of burying waste in landfills, with 12 such projects in operation with a capacity of nearly 15,000 tonnes a day. The environment sector has protected and developed 172 terrestrial conservation areas and 16 marine conservation zones, preserving genetic resources and endemic flora and fauna. In 2020, local environmental management agencies also coordinated closely with the environmental police forces, the Fatherland Front and the Farmers’ Union to detect and strictly handle 12,000 environmental violation cases (down 4.26 percent from 2019). Information campaigns have created a dramatic change in community awareness of responsibility for environmental protection, receiving enthusiastic public response for the prevention of plastic waste. According to the 2019 Vietnam Provincial Governance and Public Administration Performance Index (PAPI), the state of the environment has remained a significant public concern, the third …

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/ March 5, 2021

Insiders make suggestions to maintain sustainable export growth

Tra fish processed for export (Photo: VNA) Hanoi (VNA) – Vietnamese enterprises should take advantage of online marketing channels, re-arrange production and business orientations and strategies, and bring into full play advantages brought by free trade agreements if they want to achieve sustainable export growth , according to insiders. Statistics of the Ministry of Industry and Trade (MoIT) shows that Vietnam’s import-export value reached 95.8 billion USD in the first two months of 2021, up 24.5 percent year-on-year. Of the total, exports were valued at 48.55 billion USD, up 23.2 percent, and imports 47.26 billion USD, up 25.9 percent. During January-February, Vietnam enjoyed a trade surplus of 1.29 billion USD, down from the 1.8 billion USD seen in the same period last year. The domestic sector posted a trade deficit of 4.14 billion USD, while the FDI sector, including crude oil, saw a trade surplus of 5.43 billion USD. At the Government’s February regular meeting, MoIT Minister Tran Tuan Anh set a target of 4-5 percent in export growth in 2021. To that end, MoIT Deputy Minister Cao Quoc Hung said that the ministry is considering a new strategy on import-export activities in the coming time to be submitted to the Prime Minister for issuance. In addition, the ministry will continue engaging in negotiations and perfecting relevant institutions on free trade agreements (FTAs), including issues related to the rule of origins so as to help business better optimize advantages of the agreements. It will also consolidate and expand export markets, bring into full play opportunities brought about by existing FTAs, diversify import and export markets, diversify exported products, increase the competitiveness of exported products, and develop brands so as to achieve sustainable export development, Hung added./. VNA …

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/ March 5, 2021

Ho Chi Minh City urges on 32 long-delayed real estate projects

Ho Chi Minh City is the largest real estate market with hundreds of projects in delay Projects from many giant developers were on the list, including Novaland Group, Him Lam Land, Quoc Cuong Gia Lai, SonKim Land, SaigonRes, and Hung Loc Phat which have been in a prolonged deadlock for various reasons. Novaland had the largest number of projects under discussion by the central and local authorities, with 10 of the 32 projects bearing their logo. These projects include Co Giang apartment building in District 1, the officetel and apartment building at 151 Ben Van Don Street in District 4, a 30 hectare project in Binh Khanh commune of District 2, and seven other projects in Phu Nhuan district. The Co Giang apartment building in District 1 was handed over land by Ho Chi Minh City People's Committee and the local Department of Construction has granted a construction licence for the project. The officetel and apartment building at 151 Ben Van Don Street in District 4 has already been approved for land use right taxation. In the 30ha project in Binh Khanh commune of District 2, legal procedures are being reviewed together with the larger project of Thu Thiem New Urban Area (where this project is located). At the same time, the local authorities are looking for solutions to help achieve a breakthrough at the project. Seven other projects are being reviewed by local authorities. Him Lam Land's Him Lam residential project in District 9 (Thu Duc City) and Saigonres' two projects were also on the agenda for having legal difficulties. Le Thanh Construction-Trading Co., Ltd. and Phu Long Real Estate Corporation have two projects each. According to Le Hoang Chau, chairman of the Ho Chi Minh City Real Estate Association, the key problems of those projects are mainly related to the slow process of calculating land use rights. Because of this, developers cannot pay tax and be approved for construction and granting red books to buyers. Representing the developers, …

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