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Image : US unemployment lowest in 9 years as job creation continues

US unemployment lowest in 9 years as job creation continues

person Orange Themes access_time Dec 02,2016

The US unemployment rate in November fell to its lowest level since August 2007 as the economy continued to add new jobs, all but guaranteeing an interest rate hike this month. The jobless rate fell three-tenths to 4.6 percent, with a solid 178,000

Image : Discovering underground market in Saigon

Discovering underground market in Saigon

person Orange Themes access_time Mar 15,2017

EN VietNamNet - Sense Market, a newly established shopping center and food court, has attracted lots of locals and foreign tourists.

Image : Mexican cement maker ready to help Trump build border wall

Mexican cement maker ready to help Trump build border wall

person Orange Themes access_time Nov 23,2016

By Roberto Aguilar and Noe Torres MEXICO CITY (Reuters) - A Mexican cement maker is ready to lend its services to U.S. President-elect Donald Trump to build the wall he wants to erect on the southern border of the United States to curb immigration.

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Da Nang to investigate real estate violations

access_time May 17,2017 chat_bubble_outline 28 views

VietNamNet Bridge – Da Nang City’s construction department has asked the municipal public security department to investigate illegal transactions related to the Muong Thanh Apartment project in the central city.

Da Nang to investigate real estate violations

Muong Thanh Apartment&Hotel complex project on the coastal street of Vo Nguyen Giap in Da Nang City. – Photo: VNS

The project began selling apartments last year, despite not being allowed to do so according to a statement released yesterday by Deputy Director of the department, Thai Ngoc Chung.

Chung said construction on the project, which began in 2015 on an area of 2,800sq.m with two 42-storey buildings and a hotel, was suspended due to several violations involving the apartment buildings.

He said the project owner, the Muong Thanh Group, illegally changed designs from the second to the fifth floors. The floors should have been reserved for a kindergarten and parking area, but instead 104 flats for sale were constructed.

The department fined the project owner VND40 million (US$1,800) on June 29, 2016, and suspended construction of the project.

The project owner then submitted the city and department a revised design adding the 104 extra apartments for approval.

The city agreed to allocate an area for underground parking lots combined with a kindergarten and park beside the apartment project.  

However, the project owner and construction contractor – Dien Bien construction No 1 –resumed construction while awaiting approval for the revised designs from the ministry of construction, the central city’s people’s committee and the department.

Chung said the department once again halted construction of the project on April 11, 2017.

Meanwhile, the project owner and its agent launched sales of apartment, despite the project not being listed as eligible to sell apartments.

According to the project’s marketing and sale agent, Nam Long Land company, apartment buildings were offered from VND15 million ($666) to VND17 million ($756) per sq.m from 2016.

Earlier this year, the city also suspended construction of a coastal eco-tourism project in the Son Tra peninsula including the Bien Tien Sa Joint-Stock company project in the Son Tra Nature Reserve; 68 houses and villas in Son Tra Mountain and the 43-storey Central Coast condotel project. 


Private enterprises are important drivers of growth

In a report of the 11th Party Central Committee presented to the 12th Party Congress, the private sector has been determined as a key driver of the economy. A measure of growth The growth of Vietnam’s business community has come along with the gradual refinement of the socialist-oriented market mechanism, which includes the introduction of and improvements made on a wide range of laws such as those on enterprises, investment, land and bankruptcy to facilitate enterprises to do business. Other… chat_bubble_outline Read More...

More ample cheap housing supply forecast in 2017

Vietnam Real Estate Association Chairman Nguyen Tran Nam said that the local property market would see more cheap housing supply in 2017 to meet increasing demand. Nam cited some statistics from big real estate firms saying that in 2016, up to 80% of real estate supply in Vietnam were high-grade homes, much higher than real demand.   Meanwhile, affordable housing supply was limited. To date, cheap housing projects have been able to provide a total area of 3 million square metres compared to… chat_bubble_outline Read More...

UNWTO: Tourism valued at £1.4tn in 2015

International tourism receipts in destinations around the world grew by 3.6 per cent in 2015, in line with the 4.4 per cent increase in international arrivals, according to the latest figures from the UNWTO. For the fourth consecutive year, international tourism grew faster than world merchandise trade, raising tourism’s share in world’s exports to seven per cent in 2015. The total export value from international tourism amounted to US$1.4 trillion. Income generated by international visitors on… chat_bubble_outline Read More...

Nobel winner Aung San Suu Kyi under fire as Myanmar's Rohingya crisis escalates

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WATCH: Ryan saves penalty for Genk in Europa League win

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