FLC group to develop urban complex in Thai Binh

Meeting between property developer FLC Group and the provincial People's Committee. — Photo bizlive.vn FLC Group has expressed its desire to develop a smart urban complex in the centre of northern Thai Binh City, Trinh van Quyet, group’s chairman of the management board, said. Speaking at a meeting with the provincial People’s Committee and representatives from related agencies and authorities in Ha Noi this week, Quyet said the complex would cover an area of 300-500ha, with an artificial beach, golf course, entertainment park and shopping mall, as well as apartments, townhouses and villas. Nguyen Hong Dien, chairman of the committee, introduced FLC Group’s delegation to the location, geography and other advantages of the area, as well as investment policies in agriculture, service and tourism. He also talked about the current master plan and land use under the new administrative centre, southern Kien Giang River, Vu Thu and Vu Dong communes. These locations have a beautiful landscape and convenient traffic connections. They were introduced to FLC Group for consideration and selection for effective investment. Dien emphasised that Thai Binh has over 5,000 businesses but not many are large enough. To create motivation for local socio-economic development, Thai Binh needed private enterprises with experience and financial prowess such as FLC. Quyet said early development of such a project would require very strong commitment from local officials, who would need to work hard on land acquisition, administrative procedures and support policies for investors. …... [read more]

The 5th term of the Vietnam Chamber of Commerce and Industry (VCCI) has seen a tough time caused by devastating economic crisis. VCCI is proud to complete all tasks, but cannot hide concerns for unfinished work. The upcoming sixth term of VCCI promises to open up a lot of opportunities, but also to bring numerous challenges. Vietnam Business Forum interviewed Mr Nguyen Quoc Binh, Member of the Executive Board of VCCI's 5th term and CEO of Hanel Co., Ltd, on this issue. Hoang Tham reports. How do you assess VCCI's role of uniting and supporting businesses in the fifth term? VCCI plays an important role in the business community. This is convincingly evidenced by its ability to attract and gather member businesses across the nation with more than 100,000 companies being direct and indirect members. Especially, most of the biggest companies and business associations in the country are VCCI members. The fifth term of VCCI (2008-2013) is the "baptism of fire" of the entire economy of the country as well Vietnamese businesses in particular. However, this tough time has become an accurate measurement for enterprises' performances in general and VCCI operations in particular as the representative for legitimate rights and interests of enterprises and the bridge that connects the business community. Amid economic downturn, operating budgets for business associations, including VCCI, were cut down. But, VCCI still successfully organised many practical programmes and activities like annual meetings for the Prime Minister and business leaders, Vietnam Economic Forum, Vietnam Business Forum…... [read more]

VietNamNet Bridge – In the southeast region, a curious phenomenon of foreign direct investment firms ‘recommending’ long-time employees to resign has cropped up. In return, these employees receive a hefty one-time payment. Workers assemble small-sized electric motors at the Japan-owned Mabuchi Motor Viet Nam at the Bien Hoa II Industrial Park in Dong Nai Province. — Photo: VNA/VNS  The companies don’t force the workers to resign but merely recommend it, and the workers consent, making the practice perfectly legal. However, workers might not be aware that by doing so, they relinquish many of their rights, and some are urging authorities to get involved. Nguyen Thi Sen, 51, from Bien Hoa City of Dong Nai Province, worked at Pouchen Viet Nam – a manufacturing factory of the Taiwan-based sportswear company – for nearly 18 years. At the end of last year, the company announced that workers with tenure of 15 years or longer may receive a lump sum equal to 12 months of salary if they quit. Sen is still four years from retirement age, and under the company’s policy, she would receive one-month salary as a bonus every year. However, thinking the one-time payment was a generous amount, Sen agreed to end her contract and social security, and received VND 140 million (US$6,160). “Now I regret my decision. Previously, my monthly salary plus bonus was VND 10 million ($440), so my annual income would total VND 150 million ($6,600), including the New Year bonus,” Sen told Vietnam News Agency. “The…... [read more]

ASEAN Energy JSC plans to build a 200ha-solar power plant, expected to cost US$1 billion, in the Mekong Delta province of Hau Giang. — Photo greenoption.in The ASEAN Energy Joint Stock Co has said it plans to construct a 200ha-solar power plant, expected to cost US$1 billion, in the Mekong Delta province of Hau Giang, Vietnam News Agency reports. The company is now surveying possible locations for the project in the three communes of Hoa An, Vinh Tuong and Vinh Vien, its director Ta Xuan Thang told provincial leaders during a working session held on Thursday. Thang said his company will start the plant’s construction immediately after receiving approval from the provincial authorities so that the plant can be put into operation in 2019. Vice chairman of Hau Giang People’s Committee Truong Canh Tuyen vowed to facilitate the construction development of the solar power plant, saying that optimal incentives in terms of land rental, cooperate income tax and vocational training will be also included. Till date, four investors have proposed to build solar power plants in the province with total investment capital of up to dozens of trillions of dong. However, none of the projects has been launched yet. — VNS ... [read more]

Local film to be introduced to Japanese audience in mid-AugustHoang Phong Overseas Vietnamese director Victor Vu talks to invited guests at a press conference on the upcoming screening of the movie “Toi thay hoa vang tren co xanh” in Japan - PHOTO: TTXVN The movie “Toi thay hoa vang tren co xanh” (Yellow Flowers on the Green Grass) by Vietnamese American director Victor Vu will be screened in Japan on August 19 to introduce Vietnam’s culture and people to the Japanese audience, the Vietnam News Agency reports. The film adapted from a novel of the same name by Vietnamese writer Nguyen Nhat Anh, a well-known author whose books are popular among young Vietnamese readers, depicts the childhood of poor kids in a small coastal village in the sunny and windy central region in the mid-1980s.  The award-winning movie, filmed in the central coast province of Phu Yen, tells a story about two young brothers – Thieu and Tuong who always share happy and sad stories in daily lives but unwittingly compete to win the heart of the same little girl. With the touching theme on the innocence of kids in the poor central village and stunning and peaceful country landscapes shot in the land of Phu Yen, the movie has quickly captured the attention of local and international audiences at the premiere in October 2015 and won many prestigious awards at home and abroad. The movie bagged the Golden Lotus award at the 19th Vietnam Film Festival and won the…... [read more]

ASEAN Secretary General Le Luong Minh (Source: VNA) Hanoi (VNA) – ASEAN Secretary General Le Luong Minh highlighted the bloc’s milestones during its 50 years of existence in an interview with Vietnam News Agency. Minh told reporters that the Association of Southeast Asian Nations (ASEAN) was established in 1967 with only five members, Indonesia, Malaysia, Thailand, Singapore and the Philippines. The purpose at that time was to deal with security-related risks amid the Cold War and the anti-US war in Indochina. The bloc then admitted Brunei in 1984, Vietnam in 1995, Laos and Myanmar in 1997 and Cambodia in 1999. These moves completed its initial target of connecting all Southeast Asian countries which are diverse in political institution, economic structure, cultural identity, language and religion. In 2003, the bloc issued the Declaration of ASEAN Concord II identifying the objective of establishing an ASEAN Community with three pillars of politics-security, economics and culture-society, Minh said, adding that the ASEAN Charter in 2007 created a legal foundation and institution framework for strengthening regional connectivity and for establishing the ASEAN Community in 2015. The most important milestone in ASEAN’s history was the establishment of the ASEAN Community in December 2015 and the launch of the ASEAN Vision 2025 towards a self-reliant, legal-binding and people –centered community on January 1, 2016, he added. [ASEAN – a rare sub-region organisation of solidarity: Deputy PM] Mechanisms including the ASEAN Regional Forum, East Asia Summit and Asia Plus Three are…... [read more]

VietNamNet Bridge – Quite a few transport projects in Ha Noi’s rural areas are not up to scratch due to lack of capital and difficulties in disbursing investments. A temporary bridge across the Day River in My Duc District, Ha Noi. — Photo hanoimoi.com.vn Nguyen Duc Toan, deputy head of the transport infrastructure management division under Ha Noi’s Department of Transport, told the Vietnam News Agency (VNA) that the rural transportation system lacks water drainage systems, signs and technical infrastructure. The system of roads across fields satisfies local economic development, but it needs continuous improvement. Many localities invest in rural areas’ transport based on the current situation, not on planning. Toan said transportation system investment in Ha Noi’s rural areas lacks comprehensiveness, only focusing on road upgrades but not on building new roads and replacing weak and temporary bridges. Vu Hoang, vice president of the Ha Noi Road and Bridge Association, told VNA that the rural transport system has yet to meet the requirements of agricultural production. The roads in some places are so narrow that trucks cannot enter the fields. This, in turn, increases production costs and product prices. For many years, residents of My Duc, Ung Hoa, Soc Son, Chuong My, Thanh Oai districts have had to cross degraded bridges, resulting in a drownings at My Luong floating bridge in Chuong My District in July 2015 and at Seu Market floating bridge crossing Ung Hoa and My Duc districts in June 2016. My Luong floating bridge spanning over…... [read more]

Illustrative image (Source: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has recently approved a plan to promote dissemination work on global integration events in 2017-2020. The plan aims to popularise images of Vietnam, its culture and people at home and abroad, contributing to improving Vietnam’s stature in the international arena. It targets ministries, ministry-level agencies and those from the central to local level, socio-political-economic organisations, businesses, foreign entities operating in Vietnam, researchers, students, workers, citizens from ASEAN member states, Vietnam’s strategic partners and countries that signed free trade agreements with Vietnam. The work will focus on the Party’s policies and guidelines, State laws on global integration, Vietnam’s achievements in politics, national defence-security, socio-economy, education-training, science-technology, bilateral and multilateral cooperation with countries and international organisations. Information will be regularly disseminated via mass media such as Vietnam News Agency, Vietnam Television, Radio the Voice of Vietnam, Nhan dan newspaper, grassroots media and prestigious news websites. Between now and 2020, Vietnam will assume a number of positions such as host of APEC Year 2017, ASEAN Chair in 2020 and bid for non-permanent membership of the United Nations Security Council for 2020-2021. The country is due to deliver on international commitments regarding entry to the World Trade Organisation by 2018 and embark on several free trade agreements.-VNA... [read more]

According to the General Statistics Office (GSO), the State budget disbursement in the first six months of 2017 reached 38.7 per cent of the full-year target and rose 7.6 per cent over the same period of 2016. However, the disbursement pace of government bonds and State fund remained slow.   The disbursement of government bonds and State funds reached only VND7.4 trillion and VND24.2 trillion, down 53.2 per cent and 8.7 per cent from the same period of last year, respectively. The aggregate disbursement value of all sources approximated that in previous years but was still lower than this year’s plan.   At the meeting of the Prime Minister’s Working Group on public investment disbursement in 2017, Mr Mai Tien Dung, Minister and Chairman of the Government Office and Head of the Working Group, said, 13 ministries, agencies and localities disbursed less than 20 per cent of the plan in the period and they were criticised by the Prime Minister.   The 13 criticised agencies included the Ministry of Planning and Investment, the Ministry of Foreign Affairs, the Ministry of Health, the State Bank of Vietnam, the Commission for Ethnic Minority Affairs, Vietnam News Agency, Vietnam War Veterans' Association, Hanoi City, Da Nang City, Ho Chi Minh City, Binh Duong province, Tay Ninh province and Binh Phuoc province.   According to the Working Group, the lateness in public investment disbursement is seen as a bottleneck to economic growth. If there…... [read more]

Head of Vietnam’s Permanent Mission to ASEAN and  Ambassador Nguyen Hoanh Nam (Source: VNA) Jakarta (VNA) – Head of Vietnam’s Permanent Mission to ASEAN Ambassador Nguyen Hoanh Nam highlighted the bloc’s achievements and Vietnam’s role in the process during an interview recently granted to Vietnam News Agency.  Nam said since its birth 50 years ago, ASEAN now groups 10 member states and plays an increasingly important role in maintaining peace and stability in the region. ASEAN is considered one of the vibrant and fast-growing economies in the world, with the ASEAN Economic Community being the third largest in Asia and the sixth largest in the world. Its gross domestic product neared 2.55 trillion USD. The bloc is playing a guiding and central role in regional mechanisms and highly appreciated by major countries and international organisations. Since its entry to ASEAN 22 years ago, Vietnam has actively and proactively joined the grouping’s activities, including accelerating the admission of Laos, Myanmar, and Cambodia, launching strategic policies and orientations to the bloc’s cooperation. Vietnam has also actively contributed to fostering solidarity and upholding ASEAN’s central role in maintaining peace and security in the region, including the East Sea issue, he said, adding that Vietnam is one of the first countries to take actions in the bloc’s plans and programmes to contribute to the formation of the ASEAN Community today. In order to achieve goals set in the ASEAN Vision 2025, Nam said…... [read more]

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