Local Press highlight 20th Mar 2008
Viet Kieu now close to home ownership parity
Viet Kieu are one step closer to unlocking the door to enjoying similar home ownership rights as their homeland-based compatriots. The Ministry of Construction has submitted a proposal to adjust Decree 90/2006/ND-CP, paving the wave for Viet Kieu to purchase homes in Vietnam.
It will soon be a case of home sweet home in Vietnam for scores of Viet Kieu
According to the proposal, Viet Kieu holding Vietnamese nationality who return for long-term investment under the Investment Law and make contributions to the country, scientists with regular activities in the homeland or who are allowed to return and settle in the country, would have the same rights as Vietnamese buying, exchanging and inheriting homes without limits on quantity.
Ta Nguyen Ngoc, director of the Ministry of Foreign Affairs’ Committee for Overseas Vietnamese’s Department of Relations on Economics, Science and Technology, said: “This is a big step to put the decree into effect. If it is approved, all obstacles would be removed. Viet Kieu would feel encouraged when they return and do business in the country.”
Decree 90/2006/ND-CP came out in 2006 and allowed for Viet Kieu to own homes in Vietnam. Under the decree, Viet Kieu who reside in Vietnam for at least six months or have a visa exemption certificate would be permitted to buy one apartment or a house.
However, many have been not able to do so as a lack of guidance from the Ministry of Public Security and the Ministry of Foreign Affairs on how the residing time is specified. Nguyen Hoai Bac, general director of QILink Joint Venture Company - who is also a Viet Kieu from Canada, said the regulations would now be much clearer. “If the proposal is approved, it would be a significant milestone for Viet Kieu who want to return and settle in their native country,” said Bac.
The proposal also specifies necessary administrative documents, which include passport, nationality certificates or certificates proving the Vietnamese origin of Viet Kieu. Amended regulations on buying, exchanging, giving and inheriting homes of Viet Kieu were also submitted to the government for adjustment.
VNeconomy 19-3-2008
Shipbuilding industry sets sail
Viet Nam is one of the five leading shipbuilders in the world, according to Fairplay, an international shipping weekly magazine based in the UK.
Nguyen Quoc Anh, general director of the Viet Nam Shipbuilding Industry Group (Vinashin), said the ranking was made because of the country’s young, dynamic, and skillful labour force and its shipbuilding technology.
To maintain a top position, though, the proportion of local content in ships made in Viet Nam should be increased, he added.
Vinashin, the country’s largest shipbuilder, plans to increase the proportion of local content to 65 per cent by 2015.
Vinashin also plans to open its rolled steel plant with an annual capacity of 500,000 tonnes to build ships in the third quarter of the year.
It will also produce its first engine for ships in the fourth quarter of the year.
Vinashin is currently negotiating with Swiss producers to produce modern ship engines that are environmentally friendly, according to Anh.
Boost in co-operation
Viet Nam’s largest shipping exhibition, Vietship, opened in Ha Noi’s My Dinh National Conventional Centre yesterday.
Speaking at the event, Deputy Prime Minister Nguyen Thien Nhan said the exhibition would create more opportunities for domestic ship-builders to boost co-operation with their foreign counterparts in investment, technology transfer and trade promotion.
Nhan also praised the industry’s achievements, adding that maritime science and technology was a top priority for the nation under its economic development strategy.
The country aimed the sea-related economy to make up 53 to 55 per cent of the country’s GDP; around 60 per cent of the country’s total export turnover.
Around 400 of the world’s leading firms and organisations involved in the maritime industry attended the event and hundreds of millions of US dollars worth of deals were expected to be signed.
The exhibition aimed to turn the domestic shipbuilding industry from assemblers into manufacturers, Vinashin’s Nguyen Quoc Anh said.
VNS 19-3-2008
Ha Noi roads redo to cost $13 billion
The Construction Ministry estimates that about VND209,000 billion (US$12.9 billion) will be needed for its plan to develop the city’s transport system to 2020.
The ministry’s draft plan divides the sum into major investment packages, including VND78 trillion for roads; VND97 trillion for railways; VND27 trillion for waterways and VND8.1 trillion for airports.
The plan allows VND3.7 trillion for traffic safety and management projects and VND488 billion for transport policy and capacity building.
The ministry’s plan, now subject to prime ministerial appraisal, priorities a list of projects to be implemented by 2010 at a total cost of VND41 trillion.
These are intended to eliminate the rampant traffic congestion and build a modern urban image for the capital’s celebration of its 1000th anniversary in 2010.
Eight new bridges
Ha Noi will have eight new bridges across the Hong (Red) and Duong Rivers by 2020, if the Construction Ministry’s transport development plan is accepted.
Four, the Nhat Tan, Hong Ha, Me So, and Tu Lien, will link the two banks of the Red River in the city via 6 to 8-lane highways.
The total length of the bridges will be 18km.
The other four bridges, across the Duong River, will link the city’s Gia Lam and Dong Anh districts.
The five bridges that now cross the Red River in the city are Thang Long, Chuong Duong, Thanh Tri, Vinh Tuy, and Long Bien.
The plan includes a new airport and the upgrade of Noi Bai airport to serve 15 to 20 million travellers and carry 80,000 tonnes of cargo a year by 2020.
The projects would upgrade the national highways and expressways that link Ha Noi with its neighbours including Lang-Hoa Lac; Lao Cai; the Thai Nguyen; Hai Phong and Bac Ninh routes.
Roads of the city’s second and third outer rims would also be upgraded.
The Construction Ministry’s development plan to 2020 proposes that at least 15 to 20 per cent of the city’s territory be dedicated to transport.
It proposes that the city focus on building public transport and increase its passenger transport capacity to 35 per cent of the total need.
The plan would have the city build 46 new outer traffic intersections and upgrade and expand 150 inner intersections to ease congestion.
VNS 12.3
Viet Kieu are one step closer to unlocking the door to enjoying similar home ownership rights as their homeland-based compatriots. The Ministry of Construction has submitted a proposal to adjust Decree 90/2006/ND-CP, paving the wave for Viet Kieu to purchase homes in Vietnam.
It will soon be a case of home sweet home in Vietnam for scores of Viet Kieu
According to the proposal, Viet Kieu holding Vietnamese nationality who return for long-term investment under the Investment Law and make contributions to the country, scientists with regular activities in the homeland or who are allowed to return and settle in the country, would have the same rights as Vietnamese buying, exchanging and inheriting homes without limits on quantity.
Ta Nguyen Ngoc, director of the Ministry of Foreign Affairs’ Committee for Overseas Vietnamese’s Department of Relations on Economics, Science and Technology, said: “This is a big step to put the decree into effect. If it is approved, all obstacles would be removed. Viet Kieu would feel encouraged when they return and do business in the country.”
Decree 90/2006/ND-CP came out in 2006 and allowed for Viet Kieu to own homes in Vietnam. Under the decree, Viet Kieu who reside in Vietnam for at least six months or have a visa exemption certificate would be permitted to buy one apartment or a house.
However, many have been not able to do so as a lack of guidance from the Ministry of Public Security and the Ministry of Foreign Affairs on how the residing time is specified. Nguyen Hoai Bac, general director of QILink Joint Venture Company - who is also a Viet Kieu from Canada, said the regulations would now be much clearer. “If the proposal is approved, it would be a significant milestone for Viet Kieu who want to return and settle in their native country,” said Bac.
The proposal also specifies necessary administrative documents, which include passport, nationality certificates or certificates proving the Vietnamese origin of Viet Kieu. Amended regulations on buying, exchanging, giving and inheriting homes of Viet Kieu were also submitted to the government for adjustment.
VNeconomy 19-3-2008
Shipbuilding industry sets sail
Viet Nam is one of the five leading shipbuilders in the world, according to Fairplay, an international shipping weekly magazine based in the UK.
Nguyen Quoc Anh, general director of the Viet Nam Shipbuilding Industry Group (Vinashin), said the ranking was made because of the country’s young, dynamic, and skillful labour force and its shipbuilding technology.
To maintain a top position, though, the proportion of local content in ships made in Viet Nam should be increased, he added.
Vinashin, the country’s largest shipbuilder, plans to increase the proportion of local content to 65 per cent by 2015.
Vinashin also plans to open its rolled steel plant with an annual capacity of 500,000 tonnes to build ships in the third quarter of the year.
It will also produce its first engine for ships in the fourth quarter of the year.
Vinashin is currently negotiating with Swiss producers to produce modern ship engines that are environmentally friendly, according to Anh.
Boost in co-operation
Viet Nam’s largest shipping exhibition, Vietship, opened in Ha Noi’s My Dinh National Conventional Centre yesterday.
Speaking at the event, Deputy Prime Minister Nguyen Thien Nhan said the exhibition would create more opportunities for domestic ship-builders to boost co-operation with their foreign counterparts in investment, technology transfer and trade promotion.
Nhan also praised the industry’s achievements, adding that maritime science and technology was a top priority for the nation under its economic development strategy.
The country aimed the sea-related economy to make up 53 to 55 per cent of the country’s GDP; around 60 per cent of the country’s total export turnover.
Around 400 of the world’s leading firms and organisations involved in the maritime industry attended the event and hundreds of millions of US dollars worth of deals were expected to be signed.
The exhibition aimed to turn the domestic shipbuilding industry from assemblers into manufacturers, Vinashin’s Nguyen Quoc Anh said.
VNS 19-3-2008
Ha Noi roads redo to cost $13 billion
The Construction Ministry estimates that about VND209,000 billion (US$12.9 billion) will be needed for its plan to develop the city’s transport system to 2020.
The ministry’s draft plan divides the sum into major investment packages, including VND78 trillion for roads; VND97 trillion for railways; VND27 trillion for waterways and VND8.1 trillion for airports.
The plan allows VND3.7 trillion for traffic safety and management projects and VND488 billion for transport policy and capacity building.
The ministry’s plan, now subject to prime ministerial appraisal, priorities a list of projects to be implemented by 2010 at a total cost of VND41 trillion.
These are intended to eliminate the rampant traffic congestion and build a modern urban image for the capital’s celebration of its 1000th anniversary in 2010.
Eight new bridges
Ha Noi will have eight new bridges across the Hong (Red) and Duong Rivers by 2020, if the Construction Ministry’s transport development plan is accepted.
Four, the Nhat Tan, Hong Ha, Me So, and Tu Lien, will link the two banks of the Red River in the city via 6 to 8-lane highways.
The total length of the bridges will be 18km.
The other four bridges, across the Duong River, will link the city’s Gia Lam and Dong Anh districts.
The five bridges that now cross the Red River in the city are Thang Long, Chuong Duong, Thanh Tri, Vinh Tuy, and Long Bien.
The plan includes a new airport and the upgrade of Noi Bai airport to serve 15 to 20 million travellers and carry 80,000 tonnes of cargo a year by 2020.
The projects would upgrade the national highways and expressways that link Ha Noi with its neighbours including Lang-Hoa Lac; Lao Cai; the Thai Nguyen; Hai Phong and Bac Ninh routes.
Roads of the city’s second and third outer rims would also be upgraded.
The Construction Ministry’s development plan to 2020 proposes that at least 15 to 20 per cent of the city’s territory be dedicated to transport.
It proposes that the city focus on building public transport and increase its passenger transport capacity to 35 per cent of the total need.
The plan would have the city build 46 new outer traffic intersections and upgrade and expand 150 inner intersections to ease congestion.
VNS 12.3
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