Hanoi to establish satellite cities for stronger development
Hanoi is looking to develop satellite urban areas to ease overcrowding in inner-city areas and support balanced development between the city center and suburbs.
The move aims to accelerate overspilling from the crowded city, reduce traffic congestion and pollution, and enhance a balanced development between the city center and suburbs, contributing to promoting Hanoi’s industrialization and linkages with regional provinces.
In its development plan until 2030, with a vision towards 2050, Hanoi has plans to form five satellite cities, or satellite urban areas, in Dong Anh, Me Linh, and Soc Son in the north, together with Hoa Lac and Xuan Mai in the west, Hanoi vice chairman Duong Duc Tuan told a metropolis development conference Monday.
He said Hanoi authorities have made adjustments to the development plan as regulated, and the directions of the adjustments were in line with Resolution 06 dated January 24, 2022 of Vietnam’s Politburo on the sustainable development of the country’s urban areas until 2030, with vision until 2045, and the Politburo's Resolution 15 dated May 5, 2022 on Hanoi’s development until 2030, with vision until 2045.
Planning adjustments also aim to strictly manage the development of high-rise buildings downtown; give priority to the development of small towns and peri-urban areas to support rural development through urban-rural linkages; invest in the development of urban areas with heritage value and potential to boost tourism, Tuan said.
In southern Vietnam, Ho Chi Minh City authorities on December 31, 2020 passed a resolution to establish Thu Duc city, and implementation started in July 2021.
Thu Duc city on Ho Chi Minh City’s outskirts, comprised of districts 2, 9 and Thu Duc, became Vietnam’s first city under the jurisdiction of a centrally-run city.
Vietnam currently hosts five centrally-run cities namely Hanoi, Hai Phong (north), Danang (central region), HCMC, and Can Tho (south).
- Read More
F88 partners with MB to transform over 850 financial stores into bank transaction offices
Military Commercial Joint Stock Bank (MB) and leading consumer finance firm F88 on Monday officially signed a comprehensive cooperation agreement.
Companies - Tue, December 17, 2024 | 8:15 pm GMT+7
Vietnam’s e-commerce boom: a $5.8 bln opportunity by 2028
Vietnam’s business-to-consumer (B2C) e-commerce export value is estimated at VND145.2 trillion ($5.8 billion) by 2028, with micro, small and medium-sized enterprises (MSMEs) projected to contribute 25%.
Southeast Asia - Tue, December 17, 2024 | 7:32 pm GMT+7
Vietnam's retail giants to ensure sufficient supply, steady prices of Lunar New Year holiday goods
Saigon Co.op has stockpiled more than 12,000 tons of essential goods traditionally consumed for the upcoming Lunar New Year (Tet) holiday in late January, or 30-50% higher than normal.
Southeast Asia - Tue, December 17, 2024 | 7:28 pm GMT+7
Indonesia offers tax incentive to hybrid car makers
Indonesia will offer a sales tax incentive on Government-borne Luxury Goods (PPnBM DTP) of 3% for hybrid cars from next year.
Southeast Asia - Tue, December 17, 2024 | 7:21 pm GMT+7
Indonesia ready to establish bullion banks
Indonesia is ready to set up bullion banks after developing its capability to produce gold bars domestically, according to Minister of State-Owned Enterprises (SOEs) Erick Thohir.
Southeast Asia - Tue, December 17, 2024 | 7:19 pm GMT+7
Thailand, South Korea begin third round of Economic Partnership Agreement talks
Thailand and South Korea on Tuesday kicked off the third round of their talks for an Economic Partnership Agreement (EPA) aimed at broadening trade and investment exchanges, according to the latter's Ministry of Trade, Industry and Energy.
Southeast Asia - Tue, December 17, 2024 | 7:16 pm GMT+7
Thailand to spend nearly $9 billion to upgrade railway system
Thai Transport Minister Suriya Jungrungreangkit has announced a plan to accelerate work on the second phase of the country’s railway system upgrade next year.
Southeast Asia - Tue, December 17, 2024 | 7:14 pm GMT+7
Large housing supply to come from Vinhomes in 2025: exec
Leading housing developer Vinhomes will supply the Vietnamese market with "a large volume of goods" in 2025, especially in Hanoi, Hai Phong, Long An and Ho Chi Minh City's Can Gio district, says its director of investment Pham Anh Khoi.
Real Estate - Tue, December 17, 2024 | 5:19 pm GMT+7
Japan’s Sojitz launches $500 mln beef processing plant in Vietnam
Sojitz on Tuesday put its $500 million beef processing plant in the northern province of Vinh Phuc into operation, the Japanese firm said in a release.
Industries - Tue, December 17, 2024 | 5:02 pm GMT+7
US First Solar, Vietnam power firm PECC2 boost renewable energy ties
Vietnam’s Power Engineering Consulting JSC 2 (PECC2) and the United States’ First Solar will collaborate in utilizing the direct power purchase agreement (DPPA) mechanism and distributing the latter’s photovoltaic (PV) modules.
Energy - Tue, December 17, 2024 | 3:35 pm GMT+7
Warburg Pincus-invested IP developer BW starts building 13th project in Vietnam this year
BW Industrial Development JSC, one of Vietnam’s largest industrial and logistics real estate developers, has commenced construction on its BW Phu An Thanh Industrial Hub (PAT) project in Ho Chi Minh City.
Real Estate - Tue, December 17, 2024 | 3:03 pm GMT+7
Italy’s Flying Legend to introduce made-in-Vietnam aircraft
Flying Legend, an Italian manufacturer of replica aircraft, will introduce its made-in-Vietnam aircraft at the Vietnam Defense Expo 2024 from December 19-22 in Hanoi.
Companies - Tue, December 17, 2024 | 1:01 pm GMT+7
Vietnam real estate 2024: a year in review
As positive signals become more evident, now is the time to restart capital flows into real estate transactions in Vietnam and embrace the new growth cycle, write Avison Young Vietnam analysts.
Consulting - Tue, December 17, 2024 | 12:48 pm GMT+7
Vietnam’s GDP growth outpaces regional peers, 6.5% in 2025: Oxford Economics
Vietnam’s GDP growth can reach 6.5% in 2025, continuing to outperform regional peers in the ASEAN-6 group, Oxford Economics said in a Monday report.
Economy - Tue, December 17, 2024 | 10:35 am GMT+7
PYN Elite becomes major shareholder in Vietnam's Mercedes-Benz distributor Haxaco
Finland-based PYN Elite Fund has increased its ownership in Haxaco, a distributor of Mercedes-Benz, to 6.1 million units, or a 5.7% stake, becoming a major shareholder.
Companies - Tue, December 17, 2024 | 8:17 am GMT+7
Malaysia accelerates transition towards high-income country status
The Malaysian government needs to focus on innovation during its drafting of the 13th Malaysia Plan (13 MP) for 2026-2030 in an effort to achieve its high-income country goal.
Southeast Asia - Mon, December 16, 2024 | 10:30 pm GMT+7