Why does biotechnology hold potential

EVN workers examine electricity facilities (Photo: VNA) The Vietnamese government’s permission for private companies to invest in and build power plants and transmission systems became a big step forward, bringing competition in the energy sector to a manageable level. The first 500kV super-high voltage power transmission line invested by Trungnam Construction and Investment JSC has been operating stably for more than a year. Trungnam’s project includes a 500kV substation and transmission lines combined with a 450MW solar power plant, promoting its advantages when participating in the power grid of Ninh Thuan province and the south-central coastal region. Pham Nhu Anh, member of the Executive Board of Military Bank, which arranged capital for Trungnam to invest in transmission infrastructure, pointed out that capital is still a bottleneck in Vietnam’s electrical infrastructure development. According to Anh, the fact that Electricity of Vietnam (EVN) still holds a monopoly on … [Read more...] about Transmission boost to remove major power bottlenecks

Kenneth Atkinson-Vice chairman, Vietnam Tourism Advisory Board However, there is no separate body of law governing condotels and in most locations where they have been constructed it is clear that such developments cannot be issued with pink books for individual units, so ownership ultimately rests with the developers, with a lease term not extending beyond 50 years (70 years can be permitted). In addition, many buyers have been lured by guaranteed returns of 8-12 per cent for the 10 years. Warnings of potential future problems sounded from 2017, but due to the cyclical nature of tourism and potential disruptions to inbound tourists, these were largely ignored and we have already seen failures of such projects like Cocobay and other developers now unable to meet their guaranteed return commitments and for certain several more to come. Now, we have around 240 tourism real estate projects and over 114,000 condotel units, and Vietnam has the largest pipeline of tourism-related … [Read more...] about Taking the right approach to the condotel legislation conundrum

Developers clamour for legal clarity, Illustrative image (Photo: VNA) Nguyen Manh Ha, vice chairman of the Vietnam Real Estate Association, said that tourism real estate needs to break down barriers to development as soon as possible, in order to move alongside the general economic recovery. “Currently, mechanisms and policies for resort real estate are unclear, especially in terms of new types of real estate such as condotels, officetels, and second-home villas in resorts,” Ha said. The legal framework has not kept pace with the reality of hospitality and resort real estate development, thus partly hindering the growth momentum of these types of property, Ha added. They are not given a right use certificate, known as a red book in Vietnam, because they are built on land plots permitted for developing tourism property only, and not for residential projects. Doan Van Binh, chairman of CEO Group, said that supply is scarce not only in Vietnam but worldwide due to the impact of … [Read more...] about Developers clamour for legal clarity