Vietnamplus

Deputy Prime Minister Le Minh Khai has signed a decision approving a project on the development of cashless payment in Vietnam in the 2021-25 period.

Vietnam needs an estimated 220 trillion VND (9.6 billion USD) to build about 294,600 units of social housing for low-income earners in urban areas and industrial parks in the 2021-2025 period, according to the Ministry of Construction.

Authorities of the northern province of Bac Giang have set a target to develop 20 urban areas by 2025, and due attention will be paid to infrastructure development.

Vietnam’s urbanisation ratio reached about 40.4 percent as of the end of June, with a total of 867 urban areas, according to the Ministry of Construction.

The northern province of Bac Giang is striving to develop 32 urban areas by 2030, raising its urbanisation ratio to about 32.4 percent in 2025 and 45-59 percent in 2030, according to Secretary of the provincial Party Committee Duong Van Thai.

Giant property developer Novaland Investment Group Corporation (NVL) owned more than 4,894 ha of land bank by the end of 2020, with 1,394 ha in central Ho Chi Minh City and satellite urban areas, and 3,500 ha for resort projects.

Vietnam’s per capita income in 2020 declined two percent to 4.23 million VND (183.19 USD) per month, the General Statistics Office (GSO) has said.

The northern province of Bac Giang is striving to develop information technology infrastructure for digital transformation and also the development of smart urban areas.

The Prime Minister has approved a scheme for climate resilience development in urban areas in the next 10 years.

The Thailand-based Central Retail Corporation Public Company Limited (CRC) plans to spend as much as 35 billion THB (1.1 billion USD) on expanding its network in Vietnam over the next five years.

Prime Minister Nguyen Xuan Phuc has approved a plan on developing climate-resilient urban areas in Vietnam in the 2021 – 2030 period.

The fast moving consumer goods sector is forecast to grow at 6.4 percent this year in the country’s four major cities and 8.7 percent in rural areas, according to global data and consulting company Kantar Worldpanel.

Vice Chairman of the HCM City People’s Committee Duong Anh Duc has signed a programme on artificial intelligence (AI) research and development in the city for the 2020-2030 period.

As Vietnam is undergoing infrastructure development which brings mounting waste, recycling construction waste is necessary because it will not only take advantage of the resource but also protect the environment, experts have said.

Vice Chairman of the Binh Duong provincial People’s Committee Nguyen Thanh Truc had a working session with representatives from the Asian Development Bank (ADB) on November 17, discussing cooperation orientation in development of smart cities, environmental protection, energy and job creation in the next five years.

Storm Etau, the 12th hitting the East Sea this year, swept through the central region on November 10, bringing strong wind, heavy rains, causing widespread blackouts and isolated numerous urban areas in the region.

As smart energy plays an important role in smart urban areas, Vietnam plans to develop smarter, cleaner, greener and more sustainable energy resources for its cities, said experts at a recent summit in Hanoi.

A delegation of the Korea Overseas Infrastructure and Urban Development Corporation (KIND) of the Republic of Korea (RoK) had a working session with officials of the Mekong Delta city of Can Tho on opportunities to invest in developing smart urban areas in the locality.

The Vietnam Smart City Award 2020 was officially launched online by the Vietnam Software and IT Services Association (VINASA) on September 7, aiming to push for sustainable development of smart cities across the nation.

Analysts from real estate consultants Savills Vietnam have advised investors to focus more on new urban areas in Hanoi, especially those with convenient infrastructure networks.