Best pagodas ho chi minh city

Cargo being handled at Cat Lai Port in HCM City’s District 2 (Photo: VNA) HCM City (VNS/VNA) - Ho Chi Minh City should draft a master plan to develop its logistics sector, said Pham Thanh Kien, Director of the municipal Department of Trade and Industry. Speaking at a conference held to discuss the development of the industry from now through 2025 recently, he said the city should learn from experiences in other countries and to develop the industry into one of its major sectors. HCM City should be developed into a logistics hub for the region, and the cost of logistics in Vietnam should be reduced to 16 percent of the country’s GDP (gross domestic product) by 2025, he said. Ho Thi Thu Hoa, Head of the Vietnam Logistics Research and Development Institute (VLI), said researchers for a project to develop the city’s logistics industry have carried out fact-finding tours of eight locations where the city’s logistics centres would come up. They include the Dong … [Read more...] about HCM City to build eight new logistic centres

Resolution No 10/2017 of the municipal People’s Council, which seeks to encourage investment to transform the farm sector into a modern, efficient and sustainable one in 2017-20, provides for the subsidy. The loan amount entitled to the support will be based on the investment scale and the regulations of the lending organisation.  The subsidy will be equal to the average VND12 month deposit interest rate at four State-owned banks - Agribank, BIDV, Vietcombank, Vietinbank - plus 2%. If the lending interest rate is lower than the subsidy rate, the subsidy provided will be equal to the former. The subsidy will cover the following components: basic construction, machinery and equipment for agricultural production and processing, harvesting birds’ nest, buying new fishing vessels and upgrading machine capacity, replacing existing unproductive dairy cows, and seed and hi-tech agricultural production. The term of support will depend on the approved production cycle but not … [Read more...] about HCM City to pay interest for hi-tech farms

A Vietnamese doctor checks a patient's eyes (Photo: VOV) Phnom Penh (VNA) – Doctors from Vietnam’s military hospital 175 and Ho Chi Minh City eye hospital, on November 14 and 15, offer free eye checkups and surgeries and medicines to hundreds of poor Cambodian patients. The charity event, organised annually by the two hospitals since 2005, is taking place at the Royal Cambodian Army’s Preah Ket Mealea hospital. It is part of the Vietnam – Cambodia defence cooperation protocol for 2018. Nearly 50 doctors join the event, treating about 300 patients and giving medicines for some 200 others. General Ly Sovann, Director of the Cambodian hospital, said the event is effective and meaningful. Via such event and other cooperation programmes, doctors’ capacity at Preah Ket Mealea hospital has been improved, while Cambodian patients have received better treatment, he added.-VNA  VNA … [Read more...] about Vietnamese doctors provide free eye treatment for Cambodians

  The supply of luxury housing products has increased so fast that it has outstripped that of affordable units. (Photo: VietnamPlus) Hanoi (VNA) – The supply of luxury housing products has increased so fast that it has outstripped that of affordable units, according to realty experts.Ministry of Construction show that demand for affordable homes accounts for up to 80 percent of the market demand, but low-cost housing is becoming increasingly scarce in the country. In stark contrast, high-end housing and condominium projects eclipse the middle-end segment in terms of supply.Vietnam faces shortage of cheap houses High-class apartments prevail in property market Affordable housing projects in Linh Dam and Kim Van-Kim Lu urban areas are the most hunted on Batdongsan.com.vn.(Photo: VietnamPlus) Some 30-32 percent of Batdongsan.con.vn’s visitors looked up for superior units in Ho Chi Minh City, doubling the figure recorded in Hanoi. Senior Director of CBRE Vietnam Duong … [Read more...] about Abundant supply of high-end apartments, lacking affordable options

Vu Duc Nhan, deputy CEO of transport firm Phuong Thanh Tranconsin Jsc, told VnExpress that the Ministry of Transport requires an investor to have an owner’s equity of 20 percent of the cost of a North-South Expressway project. This means that if a project costs VND5 trillion ($215 million), an investor needs to have VND1 trillion ($43 million) in owner’s equity.  The investor also needs to have experience in a similar project in scale, he added. "Very few Vietnamese companies have that money. Only some have recently invested in major national highways." A tightened credit policy on build-operate-transfer (BOT) projects is adding to the burden, Nhan said. Banks are charging an annual interest rate of 11 percent, higher than the 7.8 percent the Ministry of Transport estimated earlier when calling for investors. Many BOT projects are struggling to collect enough tolls due to lower traffic than estimated, making investors reluctant to take on expressway projects, he … [Read more...] about North-South Expressway: domestic investors fear foreign competition