High tech city

Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019. (Photo: tinnhanhchungkhoan.vn) HCM City (VNA) – Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019, a year-on-year surge of 9 percent, despite unfavourable global financial and monetary market, according to Deputy Director of the State Bank of Vietnam’s Ho Chi Minh City branch Nguyen Hoang Minh. Minh said that Vietnamese expatriates remitted roughly 4.3 billion USD to the southern hub as of the end of November. The flow of money has played an important role in economic development as well as stability of foreign currency supply in the city, he stressed. Vietnam was expected to remain one of the top ten remittance recipients in 2019, according to the latest edition of the World Bank’s Migration and Development Brief. Around 16.7 billion USD in remittances was projected to flow into Vietnam for the full year, making the Southeast Asian country the … [Read more...] about Remittances to HCM City expected to pick up 9 percent

$3.2 billion Vung Ro Refinery and petrochemical complex The Phu Yen People’s Committee has asked the Management Board of Phu Yen Economic Zone in collaboration with the province’s Department of Planning and Investment to consider the decision to revoke the project invested by Vung Ro Petroleum Company Limited (VRP), the developer of the Vung Ro project. The Vung Ro project was granted an investment certificate in 2008, with a total investment capital sum of nearly $3.2 billion and annual capacity of eight million tonnes of crude oil. The refinery is going to be constructed on an area of 538 hectares. Of the total, 404ha will be used for the construction of the refinery, and 134ha, excluding the areas of sea encroachment, will be used for the construction of Bai Goc Seaport. Besides, this project is allowed to use 500-1,300ha of sea surface area. In 2014, VRP held the ground-breaking ceremony for the refinery. The complex was slated to start commercial operations by 2016 … [Read more...] about $3.2 billion Vung Ro refinery and petrochemical complex revoked

Friday's Tale Chaotic condotel business By Son Nguyen Thursday,  Dec 5, 2019,20:42 (GMT+7) Chaotic condotel businessBy Son Nguyen All are in a mess – for State agencies, localities, businesses, and property buyers – after the owner of the property project Cocobay in Danang City announced that it could no longer live up to its promise of paying an annuity of 12% for buyers of its condotel units. The shockwave is felt, not only because of the extent of imminent damages caused by the project’s failure as Cocobay is probably the biggest condotel project in the country. Rather, it is because the collapse of this business model at Cocobay is seen having a domino effect on a business sector that has shot to “stardom” lately. Confusion is also seen as authorities rush to handle projects that are now moving to brinksmanship in the absence of a legal framework. The collapse, say experts, is just a matter of … [Read more...] about Chaotic condotel business

Hanoi (VNA) – The Government has gradually reduced the number of compulsory drug rehabilitation centres and increased community or family-based recovery support models. Counseling on behavioral intervention for drug users (Photo: VietnamPlus) However, high post-rehab relapse rates have for years posed a challenge to rehab service providers, who are now encountering new meth addicts, forcing these firms need to make their services more suitable. High post-rehab relapse rate Head of the anti-social vice department of the Ministry of Labour, Invalids and Social Affairs Nguyen Xuan Lap said prior to 2017, heroin was mainly found in Vietnam. From 2017 to now, amphetamine-type stimulants (ATS), such as cocaine, ecstasy and methamphetamine, have become more popular. Reports from the Ministry of Public Security and the Anti-social vice department of the Ministry of Labour, Invalids and Social Affairs have said drug use remains complicated as users of ATS account for 70-75 percent … [Read more...] about More services support drug rehabilitation

At the commendation ceremony (Photo: VNA) HCM City (VNA) – The level-two field hospital No.1 of the Vietnam People’s Army was honoured at a ceremony at Military Hospital 175 in Ho Chi Minh City on December 5, after it completed the peacekeeping mission at the UN mission in South Sudan. Addressing the ceremony, Standing Deputy Prime Minister Truong Hoa Binh affirmed that participation in UN peacekeeping activities is a breakthrough step for Vietnam’s external policy, marking a change both qualitative and quantitative in multilateral cooperation in general and defence-security cooperation in particular. On behalf of the Government, Deputy PM Binh honoured the achievements made by the field hospital No.1 while performing duty at the UN peacekeeping mission in South Sudan. He said the hospital staff have united to overcome all difficulties and complete all duties, leaving good impression on international friends and people in the host country.   “Each … [Read more...] about Vietnam peacekeeping force honoured