Vietnam Today

Party General Secretary Nguyen Phu Trong has signed a Resolution on improving the efficiency of land management and use. The land price bracket will be removed and a higher tax rate imposed on users of more than one land area, owners of more than one house, land speculators, those using land late, and those abandoning land. The resolution also specifies six groups of tasks and solutions, such as completing regulations on land allocation, land leases, and changes to land use purpose.

Central Da Nang city granted investment certificates to 15 projects with total capital of more than VND8.5 trillion VND (nearly $370 million) at the Da Nang Investment Forum 2022 on June 26, while also granting research policies to 12 investment projects with total capital of $5.2 billion at the city’s Hi-Tech Park.

Addressing the Da Nang Investment Forum 2022 on June 26, Prime Minister Pham Minh Chinh affirmed that the Vietnamese Government is committed to building a fair and transparent investment environment so that every business has the opportunity to succeed. He suggested six key areas that businesses should invest in in the central city: information technology; climate change prevention; green energy; supply chains; industrial infrastructure and urban infrastructure; and capital markets.

Vietnam’s export turnover in the first quarter of 2022 reached $88.59 billion, far exceeding the $60.8 billion recorded in the same period by Shenzhen (China)’s main export center. The South China Morning Post in Hong Kong (China) believes that Vietnam can become a new “production capital”, but also quotes analysts as saying that China will maintain its position as the “world's workshop” for at least another 30 years.

Central Quang Nam province has asked the Ministry of Agriculture and Rural Development to seek permission from the Prime Minister to change the land use purpose of more than 25 hectares of natural forest to build a road to a Ngoc Linh ginseng development area in Nam Tra My district. The road is part of a project on the conservation and development of Ngoc Linh ginseng to 2030, approved by the government in 2015.

Northern Hung Yen province has approved the detailed construction planning of the Yen My Industrial Cluster in Yen My district, on an area of 47.7 ha. The cluster will support the production of electronics and motor vehicles, the high-tech industry, and projects using energy saving, clean technology.