New urban area fresh growth impetus for Khanh Hoa province: Deputy PM
A master plan for the Cam Lam urban area will create new space and motivation for Khanh Hoa province to develop quickly and sustainably, said Deputy Prime Minister Tran Hong Ha.
Ha was speaking at a Saturday ceremony announcing the Prime Minister’s approval of the master plan for Cam Lam until 2045.
With a unique location and a synchronous inter-regional transportation system including road, rail, air and marine transport, the province presents a convergence of all elements needed to become a large urban area, a logistics hub and a growth axis for the south-central and Central Highlands regions, he elaborated.
Ha noted that the National Assembly has also issued Resolution No. 55 piloting a number of distinct, breakthrough mechanisms and policies in terms of budgeting and planning, and creating land funds to unlock resources for Khanh Hoa to develop.
The Prime Minister has also approved a master plan of Khanh Hoa for the 2021-2030 period, with vision until 2050, which envisions the Van Phong-Nha Trang-Cam Lam-Cam Ranh urban chain as a driving force that will shape a modern central coastal city.
“In the near future, Cam Lam residents will enjoy high quality social services,” he added.
The Deputy PM asked Khanh Hoa to make the most of breakthrough mechanisms and distinct policies stated in Resolution No. 55.
It should increase decentralization in planning and land management, and build urban development projects under the transit-oriented development (TOD) model, he suggested.
Ha said that developing a high-quality workforce was a prerequisite for making Cam Lam a center of innovation, research and application of new technology,
Therefore, the province needs to have a strategy to train and attract talent; improve the quality of urban services, especially education, medical and healthcare services to lure both domestic and foreign workers.
As a coastal urban area directly affected by climate change and sea level rise, development of the Cam Lam new urban needs to fix current shortcomings including surface water and groundwater pollution, traffic jams, erosion and flooding with a synchronous, multi-purpose technical infrastructure system and appropriate non-structural adaptation solutions, Ha noted.
According to the master plan, the Cam Lam new urban area will cover 54,719 hectares, or the whole of Cam Lam district, excluding the Thuy Trieu lagoon. Cam Lam will be developed into an axis of growth for Vietnam's south-central region, helping turn the province into a centrally-managed city.
The plan envisages a modern, world-class ecological urban area; a key hub for marine tourism, logistics and financial services; an international center for education, health, research and application of new technology; and an urban area with a high quality living environment. The new urban area is expected to have a population of about 320,000 by 2030 and 770,000 by 2045.
- Read More
Vietnam's PVI Insurance achieves historic VND20 trillion revenue milestone in 2024
PVI Insurance has made history as the first and only non-life insurance company in Vietnam to exceed VND20 trillion (roughly $786.2 million) in revenue in 2024.
Southeast Asia - Tue, December 24, 2024 | 9:18 pm GMT+7
Malaysian fund sues Amicorp for allegedly facilitating $7 bln fraud
Malaysian state fund 1Malaysia Development Berhad (1MDB) has filed a legal claim against corporate services provider Amicorp Group and its CEO Toine Knipping, alleging it facilitated over $7 billion in fraudulent transactions, the fund said on Monday.
Southeast Asia - Tue, December 24, 2024 | 9:11 pm GMT+7
Vietnam's e-commerce market exceeds $25 bln
Vietnam's retail e-commerce market is estimated to surpass $25 billion in 2024, marking a 20% increase compared to the previous year, according to the Ministry of Industry and Trade.
Southeast Asia - Tue, December 24, 2024 | 9:06 pm GMT+7
Philippines’ outstanding external debt hits record high
The Philippines’ outstanding external debt stood at $139.64 billion as of end-September, up 17.5% against the same period last year, says its central bank Bangko Sentral ng Pilipinas (BSP).
Southeast Asia - Tue, December 24, 2024 | 8:59 pm GMT+7
Vietnam ministry to ease direct power purchase agreement rules
Vietnam’s Ministry of Industry and Trade is drafting amendments to Decree 80/2024 on direct power purchase agreement (DPPA) mechanism, with easier terms on large consumers.
Energy - Tue, December 24, 2024 | 5:17 pm GMT+7
Operator of iconic market Ben Thanh appoints new general director
Nguyen Viet Ha, chairwoman of Ben Thanh Trading and Service JSC (Ben Thanh TSC), has been appointed the company's new general director, starting from January 1, 2025.
Companies - Tue, December 24, 2024 | 4:34 pm GMT+7
Korea’s confectionery Orion earns $43 mln from Vietnam in Jan-Sept
South Korean confectionery firm Orion earned an operating profit of VND1,083 billion ($42.6 million) in Vietnam in the first nine months of this year, up 14.8% year-on-year, according to the firm’s financial statements.
Companies - Tue, December 24, 2024 | 4:21 pm GMT+7
UK in the Bloc: CPTPP expansion benefits all parties
With the UK’s new access to CPTPP, the available Vietnam-UK free trade agreement, and the country's strong fundamentals, Vietnam continues to stand out in the region, offering more preferential trade opportunities for its partners across the globe, write Ian Tandy, co-head of global trade solutions, Asia Pacific at HSBC and Surajit Rakshit, head of global trade solutions at HSBC Vietnam.
Consulting - Tue, December 24, 2024 | 3:23 pm GMT+7
Saigon-Hanoi Securities receives certificate of merit from Hanoi chairman
Saigon-Hanoi Securities JSC (SHS) has been honored with a certificate of merit from Hanoi's Chairman for its outstanding achievements in connecting small and medium-sized enterprises (SMEs) in Hanoi, contributing to the capital’s socio-economic development.
Companies - Tue, December 24, 2024 | 2:17 pm GMT+7
SK Group’s $500 mln project in northern Vietnam records 61% construction completion
Ecovance Vietnam Co. Ltd., under South Korea’s chaebol SK, has reached 61% completion for its $500 million factory in Vietnam’s northern coastal city of Hai Phong.
Companies - Tue, December 24, 2024 | 1:49 pm GMT+7
Vietnam Education Publishing House, Chilean Embassy launch translation of children's literature series Papelucho
The diary chronicling Papelucho’s experiences and reflections has resulted in a series of 12 books originally published starting in 1947, with two posthumous books released in 2017.
Companies - Tue, December 24, 2024 | 1:20 pm GMT+7
Investors' wait-and-see approach, legal obstacles slow Vietnam's property market recovery: expert
Multiple factors are delaying the real estate market’s recovery, with the "wait-and-see" mentality of investors being a significant impediment, says Vo Hong Thang, director of consulting & project development at DKRA Group.
Real Estate - Tue, December 24, 2024 | 10:24 am GMT+7
Vietnamese people still hesitant to embrace solar power: association
Household electricity in Vietnam remains partially subsidized by the government, and low electricity consumption means the benefits of solar power are unclear to many, according to Nguyen Xuan Quy, vice president of the Vietnam Clean Energy Association (VCEA).
Companies - Tue, December 24, 2024 | 9:11 am GMT+7
Cocobay Danang mega project in central Vietnam still at a standstill
The developer of the Cocobay Danang project in central Vietnam announced plans to resume construction in May 2024, but as of now, no visible progress has been made.
Real Estate - Tue, December 24, 2024 | 8:12 am GMT+7
Toyota Vietnam to bolster supporting industry businesses in Vinh Phuc province
Japan's leading car manufacturer Toyota will support Vinh Phuc province-based enterprises in the automotive supporting industry to improve their capacity and develop the local economy.
Companies - Mon, December 23, 2024 | 10:43 pm GMT+7
Thai PM committed to reshaping nation future
Thai Prime Minister Paetongtarn Shinawatra has recently vowed to redefine the country’s future by combining its unique strengths with cutting-edge technology, to build a brighter future.
Southeast Asia - Mon, December 23, 2024 | 10:03 pm GMT+7