Saigon’s road space 167 years behind national standard: city leader

Capella Quang Nam Joint Stock Company, a subsidiary of Capella Land JSC, will construct Tam Thang 2 Industiral Zone (Tam Thang 2) located in the central province of Quang Nam, aiming to meet the increasing demand for land leasing in the province’s industrial zones. The project will be extremely well connected through the province's arterial roads and other infrastructure facilities The construction will be implemented only a short time after receiving approval from by the prime minister under Document No.425/TTg-CN dated March 24, 2017. The construction of the project, which has a total investment capital sum of VND350 billion ($15.35 million), is expected to be completed within two years. Representatives of the investor said that the company is committed to accelerating investment in the infrastructure construction of the first phase that has a scale of 30 hectares to meet the demand for land leasing from the clients. Covering an area of 103ha in Chu Lai Open Economic Zone (EZ), the project has extremely favourable geographic location. It is only 65 kilometres from Danang, 35km from Chu Lai International Airport, and only 6km from Tam Ky city. Besides, it is easy to connect to airports, seaports, and urban centers via strategic transport routes, such as National Highway 1A, Danang-Quang Ngai Expressway, and the coastal road. Enterprises investing in Tam Thang 2 Industrial Zone (IZ) will enjoy the highest tax incentives under the government's incentive…... [read more]

The Trung Hoa-Nhan Chinh urban area in Hanoi (Source: VNA) Hanoi (VNA) – The Ministry of Construction and the Korea International Cooperation Agency (KOICA) held a workshop in Hanoi on August 17 to review the implementation of the Green City Planning Decision Support System (GDSS) in Vietnam. Deputy Minister of Construction Phan Thi My Linh said the project was sponsored by the Republic of Korea and has been carried out for more than a half year. The Korea Research Institute for Human Settlements along with the management board of projects of the Ministry of Construction, northern Thai Nguyen and southern Kien Giang provinces coordinated to build a set of green urban indicators and a GDSS to evaluate urban development nationwide. This is a foundation to building a legal framework and guidance documents for green city planning in Vietnam. During the workshop, participants discussed improving the efficiency of the project to expand it in the future and refining legal documents on urban planning. The project aims to reduce greenhouse gas emissions, ensure climate change adaptation and make reasonable and effective use of natural resources. Vietnam faces various urban problems such as infrastructure shortages and environment degradation as a result of rapid economic development and urban population growth.  The Korean Government aims to help Vietnam in creating a brand new city, improving living standards and in environmentally sustainable urban planning, according to KOICA. The project will be piloted in urban areas in Hanoi…... [read more]

NDO - The Phu Quoc Fish Sauce Association received a decision from the People's Committee of Kien Giang province on August 18 in recognition of Phu Quoc fish sauce as a traditional craft. In addition, the fish sauce making village on Phu Quoc Island has been recognised as a traditional craft village. Huynh Quang Hung, Vice Chairman of Phu Quoc district People's Committee, said that Phu Quoc fish sauce is the first product of Vietnam to receive the EU Certificate of Protected Designation of Origin of Phu Quoc (PDO "Phu Quoc"), demonstrating the great attention of the authorised agencies and Kien Giang province to the craft of making Phu Quoc fish sauce. Hung noted that the People's Committee of Phu Quoc district will consider the planning of a construction site for concentrated fish sauce production facilities to ensure the sustainability of the traditional craft, as well as helping to improve and preserve the quality of Phu Quoc fish sauce. Furthermore, the Phu Quoc fish sauce craft village will become one of the typical tourist sites of Phu Quoc Island. Phu Quoc fish sauce has over 200 years of formation and development. Currently, there are more than 50 fish sauce producers on Phu Quoc Island, producing approximately 30 million litres of fish sauce annually, with a total annual revenue of VND600 billion (US$26.4 million) and creating jobs for thousands of local people.... [read more]

Da Nang - Quang Ngai highway (Source: V​EC) Hanoi (VNA) – Deputy Prime Minister Trinh Dinh Dung has asked the Transport Ministry, investors and contractors to work closely with localities on site clearance to speed up the progress of key transport projects.  Chairing a meeting of the State Steering Committee for key transport works in Hanoi on August 17, Dung urged the Transport Ministry to promptly complete the north-south highway project and plans for transport investment in the Mekong Delta to report to the PM and submit to the National Assembly. The ministry was asked to direct investors, management boards and contractors to hasten the construction of the Tan Vu – Lach Huyen road, Da Nang – Quang Ngai highway, Hoa Lac – Hoa Binh highway, Deo Ca tunnel, Long Thanh international airport, Cao Lanh and Vam Cong bridges and component part of the National Highway 14 expansion project. The Ministry of Construction was told to launch a project to evaluate construction prices to prevent waste. Meanwhile, the Ministry of Planning and Investment was directed to study mid-term capital demand for transport works, including issuing government bonds to projects on building roads linking with the Ho Chi Minh Trail and providing capital for projects using official development assistance. The Finance Ministry will work with the Transport Ministry to deal with obstacles in capital disbursement. Dung asked authorities of centrally-run cities and provinces to stabilise sand prices and add the…... [read more]

NDO/VNA – Prime Minister Nguyen Xuan Phuc has urged Thai firms to grasp the opportunities arising from merger & acquisition activities, the equitisation of State-owned enterprises (SMEs) and their divestment in transport, infrastructure, food, agriculture, telecommunications, trade, services and construction in Vietnam. At a meeting with Thai enterprises in Bangkok, on August 18, during his official visit to Thailand, Phuc stated that the Vietnamese economy is now worth over US$220 billion and the country is striving to meet the basic criteria in the business environment, equivalent to the ASEAN 4 level by 2020. Vietnam is also in a period of golden population with 60% of the population within the working age. Thai business representatives thanked the Vietnamese government for creating favourable conditions for investors from Thailand, and the ASEAN member states, to join the SMEs equitisation in the country. They pledged to continue expanding their business operations in Vietnam in the fields of retail, food, farm produce manufacturing and processing, energy, tourism and transport. Several companies stated that they are learning about Vietnam’s tourist attractions and wish to link up with Vietnamese airlines to increase tourist arrivals in the two countries. Receiving the Chairman of the Electricity Generating Authority of Thailand Kornrasit Pakchotanon, PM Phuc asked for the acceleration of the construction of a thermal power plant in the central province of Quang Tri. Pakchotanon pledged to ensure environment protection and the use of advanced technology during the construction process. Meeting the Chief Executive Officer (CEO) of the Central Group…... [read more]

At a meeting on August 16 between the Ministry of Transport, the provincial People’s Committee, and the project developer, a consensus was reached to reduce the toll and allow for certain exemptions at the Cai Lay toll station. The current toll is in place to collect for a BOT (build-operate-transfer) project which included upgrading a section of National Highway 1 in Cai Lay Town and the construction of a detour across the locality. Commuters were previously charged between VND35,000 (US$1.54) and VND180,000 (US$7.92) to access the road.   Opposition to the toll is not limited to exorbitant fees. Many drivers also object to the toll station’s location, calling it unreasonable and inconvenient. They assert that the toll station should be placed on the new detour, rather than the existing highway. The developer stated that the toll is meant to cover the costs of both routes, explaining that construction of the 12-kilometer detour cost approximately VND1 trillion (US$44 million) and renovating the 26.5-kilometer section of National Highway 1 added another VND300 billion (US$13.2 million) to the bill.        In a show of disapproval, commuters who depend on the route often pay the toll in small change, making it difficult for attendants to count and causing traffic delays at the station. The situation had escalated to the point that the tollgate was forced to shut down on August 13 evening and again on August 15 morning. In a bid to resolve…... [read more]

Ban Gioc Waterfall (Photo: VNA) Cao Bang (VNA) - The People’s Committee of Cao Bang province and the Ministry of Construction on August 17 announced master and detailed plans for developing Ban Gioc waterfall tourist site. The announcement aims to call for investment from enterprises to turn Ban Gioc waterfall tourist site into a key tourism site of the northern mountainous province and the nation, contributing to boosting the development of the province and the region. Under the master plan, approved by the Prime Minister in April this year, the Ban Gioc waterfall tourist site will cover 1,000ha while the central area of the site will cover 156.7ha. Facilities will be also built in the zone to serve tourism, including hotels and service areas. The tourist site is expected to welcome approximately 750,000 visitors per year and have more than 1,000 rooms for tourists by 2020. By 2030, the tourist site is estimated to receive 1.2 million visitors and have some 1,750 rooms for visitors. The central area of the Ban Gioc waterfall tourist site is set to have four areas including the Ban Gioc waterfall landscape, the landscape along the Quay Son River, the mountainous forestry landscape ecology and the agricultural landscape ecology. Ban Gioc is in Dam Thuy commune, Trung Khanh district, on the border with China’s Guangxi province. It is 53 metres high and 300 metres wide and has three levels of smaller waterfalls. The waterfall is the…... [read more]

The project is invested by a joint venture of Vietnam-focused asset management firm VinaCapital, Macau-based SunCity Group, and Hong Kong-based Chow Tai Fook Enterprises Ltd. According to the newest plan, the first phase, which covers an area of 163 hectares with a total investment capital sum of US$500 million, will include an 18-hole golf course meeting international standard, resorts, a shopping centre, and other infrastructure facilities. The construction is expected to be completed within 19 months. Previously, in late April 2016, the investor held the ground-breaking ceremony. The plan for the first phase was to start operations in early 2019 and for the whole complex to be completed in 2035.  Once the resort comes into operation, it will be the second largest casino in Vietnam, after The Grand Ho Tram Strip resort and casino complex located in the southern province of Ba Ria-Vung Tau. In December 2016, VinaCapital announced that the property would be called Hoiana.  Licensed in 2010, the project was initially developed by VinaCapital and Genting Malaysia Berhad, and comprised of five-star hotels, villas, and a casino targeting foreign tourists. However, in September 2012, Genting suddenly announced its withdrawal in the midst of site clearance, forcing VinaCapital to find other partners to jointly develop the project. After over two years of searching, VinaCapital has finally found prestigious partners in SunCity Group and Chow Tai Fook Enterprises Ltd. to replace Genting Group for their proposed US$4-billion integrated casino resort. On March 23, 2015, the…... [read more]

While agreeing with the spirit of taxation and carrying a spotless record of tax payments, Coca-Cola Vietnam claims the Ministry of Financial's proposal to isolate non-alcoholic beverages and soft drinks for taxation goes against international best practices. MoF would add 10-20 per cent SCT on soft drinks to restrict consumption RELATED CONTENTS: Competition heats up in the Vietnam soft drink market Traders in southern India call for ban on Pepsi, Coke Coca-Cola Vietnam finally pays tax after claiming losses for 20 years Long-running PepsiCo tax dispute set to fizzle out MoF pulls u-turn on fizzy beverage tax position A representative of Coca-Cola system told VIR that the corporation agrees with the spirit of taxation because Coca-Cola recognises that governments need revenue for constructing infrastructure and providing necessary services and the Coca-Cola system has consistently paid all taxes according to local laws. However, Coca-Cola opposes the isolation of non-alcoholic beverages for the addition of special consumption tax (SCT). The discriminatory taxes conflict with the best practices in international fiscal policy of broad-based taxes with low rates and few exceptions. At the August 15 press conference announcing the plan to adjust some articles of the Law on Tax, the Ministry of Finance (MoF) proposed applying an SCT of 10 or 20 per cent on soft drinks from 2019. Soft…... [read more]

Spray chemical to kill mosquito larva (Photo: VNA) Hanoi (VNA) – The Ministry of Health is maximising efforts to prevent the spread of dengue fever, heard a meeting in Hanoi on August 17. According to head of the ministry’s Preventive Medicine Department Tran Dac Phu, the country has recorded 90,626 dengue infections since the beginning of 2017, a year-on-year rise of 67.8 percent, including 24 fatalities. The capital city of Hanoi is ranked second nationwide after the southern metropolis of Ho Chi Minh City in terms of infections, he said, noting that from January 1 to August 16, 2017, Hanoi recorded 17,027 dengue patients, seven of whom died. Minister of Health Nguyen Thi Kim Tien ordered an increase of campaigns to spray chemicals to kill mosquito larva, especially at hospitals, schools and construction sites, as well as training courses for health workers on treating dengue fever for adults and children. She asked the Preventive Medicine Department along with the National Institute of Hygiene and Epidemiology and the National Institute of Malariology Parasitology and Entomology to open more training courses on epidemiology for medical stations at grassroots levels. Dengue fever is a viral infection transmitted by the bite of an infected mosquito. There is no specific treatment for dengue and vaccination options are limited. Patients who develop a fever of 39-40 degrees Celsius, lasting 2-7 days and with symptoms of headaches, tenderness and skin rashes should visit a hospital for diagnosis and treatment.-VNA …... [read more]

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