Day: February 20, 2024

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Land zoned for social housing expands to over 8,390ha: ministry


Hanoi: The land area zoned for social housing development has increased by 5,031ha from the 3,359ha reported in 2020, said the Ministry of Construction (MoC).

As such, there are now 1,249 land lots covering 8,390ha for building social housing, data show.

The MoC and the State Bank of Vietnam recently submitted a report on the implementation of the plan on building at least 1 million social housing units for low-income earners and workers of industrial parks in the 2021 – 2030 period.

The MoC said many localities have paid attention to zoning land for social housing such as Dong Nai province 1,063ha, Ho Chi Minh City 608ha, Long An province 577ha, Hai Phong city 471ha, and Hanoi 412ha. However, some others haven’t, including the provinces of Ninh Binh, Ha Giang, Lai Chau, Nghe An, Dak Nong, Ninh Thuan, and Dong Thap.

From 2021 to the end of 2023, 499 social housing projects with 411,250 apartments were implemented nationwide. Among them, 71 projects with 37,868 apartments were completed, 127 others with 10
7,896 apartments had their construction started, and the 301 remainders with 265,486 apartments had their investment policies approved.

Deputy Minister of Construction Nguyen Van Sinh noted thanks to strong directions from the Government and Prime Minister as well as the engagement of ministries, sectors, and localities, significant results have been obtained in social housing development over the recent past.

Many localities are actively attracting investment to build social housing such as Bac Ninh 15 projects with 6,000 apartments, Bac Giang five projects with 12,475 apartments, Hai Phong seven projects with 11,678 apartments, Binh Duong seven projects with 6,557 apartments, and Dong Nai eight projects with 9,074 apartments, he said.

Meanwhile, despite big demand for social housing, investment in this type of accommodation in several localities remains modest compared to the plan’s target for 2025. For example, Hanoi has only three projects with about 1,700 apartments, meeting only 9% of demand. HCM Cit
y has seven projects with 4,996 apartments, or 19% of demand, while Da Nang has five projects with 2,750 apartments, at 43% of the need.

Notably, such provinces as Vinh Phuc, Ninh Binh, Nam Dinh, Long An, and Quang Ngai haven’t had any projects launched since 2021, according to the official.

Facing that fact, the MoC has frequently urged localities to promote the development of social housing and publicise the projects eligible for soft loans so as to meet the plan’s target, Sinh added./.

Source: Vietnam News Agency

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Petrovietnam posts growth in various production fields last month


Hanoi: The Vietnam Oil and Gas Group (Petrovietnam) said it recorded growth in multiple production aspects in January compared to the previous month and the same period last year.

At a recent meeting on production and business tasks of the first quarter, Deputy General Director of Petrovietnam Le Xuan Huyen said that the State-owned firm fulfilled most of the targets for January and saw year-on-year increases.

The crude oil output reached 865,000 tonnes, up 2.8% from the target and 1.5% from last December. The gas production stood at 552 million cu.m, up 8.7% month on month and 1.4% year on year. Meanwhile, the electricity output rose 18.4% from the previous month and 35% from a year earlier to 2.23 billion kWh.

About 640,200 tonnes of petrol and oil was manufactured (excluding products of the Nghi Son Refinery and Petrochemical LLC), 43.1% higher than the target and rising 2.9% month on month and 9.2% year on year. Nearly 161,000 tonnes of fertiliser was produced, up 5.1% from the target, 1.9% from Decemb
er, and 1% from January last year, statistics show.

As a result, Petrovietnam also saw its financial indexes higher than planned, Huyen noted, elaborating that its total revenue approximated 69 trillion VND (2.8 billion USD), up 17% from the target and 14% year on year.

It contributed 9.9 trillion VND to the state budget, rising 19% from the target and 13% year on year, he added.

Chairman and General Director of Petrovietnam Le Manh Hung said as production and business activities are predicted to continue facing difficulties in the time ahead, the group will stay updated with the macro-economic situation, make analysis and assessment, seek ways to renew old impetuses, and add new drivers for its development./.

Source: Vietnam News Agency

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Afternoon briefing on February 20


Hanoi: The following is a brief review of the day’s events as reported by the Vietnam News Agency.

– State President Vo Van Thuong offered incense to King An Duong Vuong at the Co Loa special national relic in Hanoi’s outlying district of Dong Anh on February 20.

An Duong Vuong, succeeding the era of the nation founders Hung Kings, is credited with establishing Au Lac, an ancient state in Vietnam. His strategic vision and unwavering determination in national construction and defence led him to relocate the nation’s centre from the northern mountainous region to the vast and fertile plains where he established the ancient capital, known today as Co Loa. Read full story

– Deputy Prime Minister Tran Hong Ha underlined the need to manage the pharmaceutical industry under market rules, ensuring publicity, transparency, quality control, safety, and cheapest prices during a meeting in Hanoi on February 19 to discuss the law on amendments and supplementations to some articles of the Law on Pharmacy.

Ha asked the
Ministry of Health (MoH) to collect ideas and fully clarify regulations in the bill, especially those related to the implementation of international commitments and agreements as well as laws on investment, price management, advertising, and rights of foreign-invested enterprises. Read full story

– Vietnam saw positive macroeconomic indicators in January. One of the bright spots that continues to be mentioned is the inflow of foreign direct investment (FDI), with registered capital reaching 2.36 billion USD as of January 20, a year-on-year increase of 40.2%.

Foreign investors accelerate investment in Vietnam not only because of advantages in the business and investment environment, or factors related to the quality of human resources and incentives, but also thanks to the growth potential of an economy of 100 million people. Read full story

– Vietnam’s rice exports are expected to continue their upward trajectory this year, toward a milestone of 5 billion USD in turnover.

The year marks a period of antici
pated volatility in the global rice market, encompassing fluctuations in production and demand, as well as related policies from leading exporting nations. Hence, innovation in production and flexible export management are crucial conditions for the Vietnamese rice industry to achieve its growth targets. Read full story

– The building of the north-south hi-speed rail line must ensure modern, cohesive, and sustainable elements in line with the Politburo’s guideline as outlined in Conclusion No. 49-KL/TW, permanent Government members made the conclusion in a document issued by the Government Office on February 19.

They requested that the project be integrated into a comprehensive planning framework, incorporating strategic forecasts of transportation demand across all modes of aviation, road, rail, maritime, and inland waterways, over the long term. Read full story

– MoMo has solidified its position as the most popular e-wallet in Vietnam for two consecutive years, according the Fintech Industry Rankings 202
3 announced by Viettel’s information monitoring and analysis system on the network environment (Reputa).

Following its impressive performance in 2022, MoMo continued to take the lead in the rankings with a total score of 138.23, or 2.5 times higher than VTCPay, which came second in the list. Read full story

– Metfone under the Viettel Military Industry and Telecoms Group (Viettel) marked its 15 years of operation in Cambodia at a ceremony held in Phnom Penh on February 19.

Speaking at the event, Viettel Chairman Tao Duc Thang said that the group has invested and transferred state-of-the-art telecommunications technologies to Cambodia, helping generate social benefits in the country over the past 15 years. Read full story

– Vietnam aims to send 125,000 labourers abroad to work under contracts in 2024, focusing on key traditional markets such as Japan, Taiwan (China) and the Republic of Korea (RoK), according to the Ministry of Labour, Invalids and Social Affairs (MoLISA).

According to Nguyen Nhu Tuan, dep
uty head of the Information and Communication Division, MoLISA’s Department of Overseas Labour, about 63,000 labourers are expected to be sent to Japan. Vietnam will send about 48,000 workers to Taiwan and 8,500 to the RoK. Read full story

– Midfielder Nguyen Hoang Duc of The Cong Viettel Football Club (FC) has won the Golden Ball award for the second time while goal keeper Tran Thi Kim Thanh of Ho Chi Minh City FC 1 picked up the title in the women’s category.

The awarding ceremony was held in HCM City on February 19./. Read full story

Source: Vietnam News Agency

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Vietnam attends Singapore Airshow 2024


Singapore: A delegation of the Ministry of National Defence, led by Lieutenant General Pham Truong Son, Deputy Chief of the General Staff of the Vietnam People’s Army, is attending the Singapore Airshow 2024 from February 20-25.

The Vietnamese delegation visited booths displaying products of several large businesses and corporations in the world, and watched demonstrations by the Singaporean, Indian, US, Republic of Korean, Chinese, Indonesian and Australian air forces, and some international civil airlines.

Within the framework of the exhibition, the delegation also had meetings with partners to discuss issues of mutual concern and bilateral cooperation.

During a meeting with Deputy Minister of Defence of the Czech Republic Daniel Blazkovec, Son thanked the people of Czechoslovakia (Czech Republic today) for the valuable help for Vietnam’s past struggle for national liberation as well as its nation building cause. He praised the outstanding results of bilateral defence cooperation in recent times, and wis
hed the two countries will continue their collaboration in different fields such as delegation exchange and training.

Meeting Assistant Secretary of the US Air Force Andrew Hunter, the Vietnamese delegation head suggested the two sides strengthen cooperation on the basis of signed documents, with priority given to promoting collaboration in training, rescue and military medicine, and in joining United Nations peacekeeping missions, and overcoming war consequences in Vietnam.

The Singapore Airshow is the biggest air show in Asia held biennially. This year, it attracted the participation of more than 1,000 aviation and defence companies from over 50 countries and territories, including such giants as Airbus, Boeing, and Lockheed Martin.

This is the first time in four years that the biennial Singapore Airshow is open to the public. The previous edition in 2022 was closed to the public due to the COVID-19 pandemic. This year, people can visit the exhibition on February 24-25./.

Source: Vietnam News Agency

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