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Ministry asks for tightened management on condotels, officetels, shophouses

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Real estate projects constructed in Đà Nẵng City. The Ministry of Construction has asked provincial and municipal people’s committees to tighten the management on condotels, officetels, resort villas and shophouses. — Photo diendanbatdongsan.vn

HÀ NỘI — The Ministry of Construction has asked provincial and municipal people’s committees to tighten management on condotels, officetels, resort villas and shophouses while there remains a shortage of regulations to ensure the development of these new property products.

According to the ministry’s document sent to the provincial and municipal people’s committees late last week, condotels, officetels, resort villas and shophouses were developing rapidly in some localities.

However, a number of problems arose during the investment, construction and operation of these projects, such as incomplete planning as well as a lack of regulations about the relationship between investors and confusion in granting ownership certificates.

In addition, when falling into difficulties, investors of several condotel and officetel projects asked for the conversion of their projects into other residential buildings, which put pressure on technical and social infrastructure.

In that situation, the ministry asked provincial and municipal people’s committees to strictly comply with established regulations on technical standards when evaluating and approving these projects, including construction areas, number of units and number of residents allowed to live in condotels and officetels.

Careful consideration must be given when granting new projects, the ministry asked.

Recently, Hà Nội People’s Committee also asked the municipal departments to tighten the management on condotels and officetels as well as projects which were asking for conversion into residential purposes.

The municipal People’s Committee also asked the Department of Tourism to inspect the operation of condotels and officetels in the city.

In early August, the ministry said that compilation of amendments to the Law on Real Estate Business was underway, which would clearly regulate the construction and operation of tourism property products to ensure the legitimate rights of relevant parties. —

Source: https://vietnamnews.vn/economy/772253/ministry-asks-for-tightened-management-on-condotels-officetels-shophouses.html

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Vietnam’s full-year growth expected at 3% in 2020: Standard Chartered

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Standard Chartered expects Vietnam’s economy to grow by 3 per cent in 2020 and surge to 7.8 per cent in 2021. 

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Rising consumption on improving sentiment, and faster manufacturing will drive growth in the last quarter of this year.

The forecast is highlighted in Standard Chartered’s recently published Global Research report entitled “Vietnam – Q3 disruption, but recovery remains intact”.

Vietnam is one of the few Asian economies to have registered positive growth so far this year, despite the second wave of infections. Improving services growth and infrastructure investment should help Vietnam outperform the rest of Asia, it said.

According to the latest macroeconomic report on Vietnam, a likely improvement in external demand in the fourth quarter should support manufacturing growth, forecast at roughly 7.3 per cent in full-year 2020. Both exports and imports are expected to increase as a result. Trade is likely to remain in surplus for the rest of 2020 as exports and imports move in tandem.

The study also forecasts that the State Bank of Vietnam (SBV) will remain accommodative in the near term to support growth./.VNA

Source: https://vietnamnet.vn/en/business/vietnam-s-full-year-growth-expected-at-3-in-2020-standard-chartered-683620.html

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Israel transfers irrigation technology to local university

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Dương Văn Lượng, vice chairman of Thái Nguyên provincial People’s Committee (left) watches technicians demonstrate the irrigation system on Wednesday. — Photo Hoàng Sơn

THÁI NGUYÊN — The Embassy of Isreal to Việt Nam has handed over an irrigation system to the Thái Nguyên University of Agriculture and Forestry.

The system will be used to train students, organisations and individuals who are studying and working in the agriculture sector in the northern province.

The university will also strive to become a high-tech agriculture training centre for the whole country.

The solar-powered irrigation system operates on dripping technology that helps water the plants over time and reduce the chance of water overuse.

The system is installed in a net house and run by a control panel that connects to a smartphone to adjust the light, humidity and ventilation.

The project is expected to boost the bilateral ties between Việt Nam and Israel in the agriculture sector, especially when the latter has abundant experience due to a lack of fresh water in its harsh geographical location.

The project costs the university more than US$20,000. Half of the expense is covered by the government of Israel via its Việt Nam-based embassy.

It is part of very meaningful and deep co-operation between the Israeli embassy and the university and the province, Israeli ambassador Nadav Eshcar said at the event.

“The dripping irrigation is a key Israeli technology which is relevant to the agriculture sector in Việt Nam,” he said.

The system here will serve not only exchange students, who have come to study in Israel, but also other students in Việt Nam, farmers and organisations in the surrounding area, the ambassador said.

“This is an opportunity for them to see how it works, to get the idea, to understand the technology, and to support the businesses and their future career.”

Seminar

The Embassy of Israel to Việt Nam on the same day co-ordinated with the province of Thái Nguyên to organise a seminar discussing solutions for farming households.

Dương Văn Lượng, vice chairman of Thái Nguyên provincial People’s Committee, said the province is still weak in luring companies to invest in its agriculture sector.

Meanwhile, there are very few popular locally-made brands with low added value, he said, adding agricultural production is still not engaged with high technology.

Lượng hoped provincial farmers and agrico companies will have the chance to get access to Israeli technologies so that they are enabled to improve productivity and quality.

Speaking highly of the relations between Việt Nam and Israel in trade and education, the Israeli ambassador Nadav Eshcar hoped the ties between the two nations will grow in the future, especially in high-tech agriculture.

The Israeli government is willing to support the province to apply new technologies to help local farmers boost their production, the ambassador said. —

Source: https://vietnamnews.vn/economy/803801/israel-transfers-irrigation-technology-to-local-university.html

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Hanoi, HCMC’s metro lines to reduce huge volumes of CO2: JICA survey

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A train from the Cat Linh-Ha Dong urban railway system in Hanoi City. Once in place, Hanoi’s first and second urban railway lines and HCMC’s first metro line are expected to help reduce greenhouse gas emissions – PHOTO: VNA

HCMC – Once in place, Hanoi’s first and second urban railway lines are expected to help reduce greenhouse gas (GHG) emissions by over 54,540 tons and 39,610 tons of CO2 emissions per year, respectively, while HCMC’s first metro line can help cut down GHG emissions by over 56,870 tons of CO2 per year, according to a survey conducted by the Japan International Cooperation Agency (JICA).

The “Data Collection Survey on development of Measurement, Report and Verification (MRV) system in urban railway sector in Vietnam” was conducted between February 2019 and September 2020, targeting the three urban railway lines, which are financed by Japan’s official development assistance loans.

The survey, successfully completed in cooperation with the Department of Climate Change, the Department of Environment under the Ministry of Transport (MOT) and the HCMC Department of Natural Resources and Environment, is considered as a scientific basis to promote low-emission means of transport such as metro lines in metropolitan areas such as Hanoi City and HCMC.

Ken Kumazawa, team leader of the survey, said that urban railways have become a daily part of Japanese life. In Vietnam, where most people use motorbikes, getting them to change to urban railways would not be easy. In the future, ensuring the quality of service and showcasing the positive environmental impacts of the urban railways will surely increase the ridership.

“Besides providing more efficient mobility, urban railways can reduce carbon dioxide and air pollutants. We hope the survey will help people understand the importance of our metro projects and more people will shift from motorbikes and private cars to urban railways in Hanoi and HCMC. The urban railway systems to be developed in Hanoi and HCMC will not only meet the public demand for transportation but also contribute to the national target of a 9% GHG emission reduction by 2030,” said Murooka Naomichi, senior representative of JICA Vietnam Office.

Speaking at the final workshop of the survey organized by the JICA Vietnam Office in Hanoi on October 23, Tran Anh Duong, director general of the MOT Department of Environment, highly appreciated JICA’s support. “The survey provided suggestions for conducting interviews with households and proposed a simple methodology with an institutional arrangement to monitor the reduction of GHG emissions in the future when the urban railways are operational,” he said.

“MOT will utilize the results of the survey for the upcoming development of the MRV system in the transport sector,” he added.

Cities such as Hanoi and HCMC are suffering from severe air pollution, leading to the deterioration of health and an increasing number of respiratory diseases. The development of urban railways is not only considered one of the potential options for GHG mitigation but also widely known as an effective solution for traffic congestion and air pollution.

The results of the interviews with households living along the urban railways, which are planned in Hanoi and are underway in HCMC revealed that a significant majority of the interviewees (81% along HCMC’s first metro line and 66% along Hanoi’s first urban railway line) expressed their willingness to use the urban railways in the future.

Source: https://english.thesaigontimes.vn/79097/hanoi-hcmc%e2%80%99s-metro-lines-to-reduce-huge-volumes-of-co2-jica-survey.html

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