Over $3bln needed for housing development in Thai Nguyen
Property

Over $3bln needed for housing development in Thai Nguyen

Northern Thai Nguyen province targets becoming a modern industrial locality by 2030 and a socio-economic center and growth point that has spillover effects on the northern mountainous region. It is working to achieve an average housing area of 34.4 sq m per person by that time. Total land demand for housing development is 8,386 ha, with more than VND75.3 trillion ($3.2 billion) in capital required.

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Vietnam Today

Challenges in transforming agriculture need solutions

Challenges in transforming agriculture need solutions

There are still scientific and technological gaps that need to be addressed to promote the sustainable development of Vietnam’s agricultural sector. Close links between science and policy need to be established in order to expand the application of scientific advances and modify the mechanisms that support and promote application.

Investment

Two spans of Van Tien Bridge meet

Two spans of Van Tien Bridge meet

The two spans of the Van Tien Bridge in northern Quang Ninh province came together on December 5 after eleven months of construction. With a length of 1.5 km and costing more than VND800 billion ($35 million), the bridge is part of the Van Don - Mong Cai Expressway, which itself is part of the country’s national highway network.

Banking & Finance

Taxes may rise to support consumption of local goods by poor

Taxes may rise to support consumption of local goods by poor

The Party Central Committee’s Economic Commission touched on a range of measures at a recent meeting to support production, business, and economic growth in the time to come, including raising taxes on the rich to support the poor. The poor mainly buy domestic goods and rarely buy imports, so supporting them would stimulate consumption demand and boost production.

Business

Aviation association proposes loan support for airlines

Aviation association proposes loan support for airlines

The Vietnam Aviation Business Association (VABA) has proposed that the Ministry of Transport (MoT) offer airlines preferential loans in a refinancing package of VND4-6 trillion ($175.06-$262.6 million) with an interest rate of 0 per cent, and loans from the State with an interest rate of 4-5 per cent and interest rate compensation of VND25-30 trillion ($1.09-$1.31 billion).
HCMC to develop logistics into key economic sector

HCMC to develop logistics into key economic sector

Logistics currently accounts for 8.6 per cent of Ho Chi Minh City’s gross regional domestic product (GRDP), but detailed planning for each type of logistics is yet to be implemented. The city aims to develop logistics into a key economic sector. The Ho Chi Minh City People’s Committee recently approved a logistics development project with the goal of contributing 10 per cent of GRDP by 2025 and 12 per cent by 2030.

Society

HCMC among top 10 best places to live and work for expats

HCMC among top 10 best places to live and work for expats

In the InterNations’ annual Expat City Ranking 2021, Ho Chi Minh City - the most populous city in Vietnam - ranked 6th out of 57 cities, up 13 places compared to 2020. Eight-four per cent of foreign respondents said they were satisfied with the cost of living in the city, which is almost double the global average of 48 per cent.