The future is electrifying in Vietnam’s top-tier city with an international airport and 6 modern railway lines.
By 2050, Hai Phong is envisioned as the third central city in Vietnam, with a high level of development among the leading cities in Asia and the world.
Located in the economic triangle of Hanoi – Hai Phong – Quang Ninh, Hai Phong City holds a unique economic position with a transportation system including roads, railways, airways, and especially sea routes, making it one of the important gateways connecting the Red River Delta region.
Hai Phong has the 6th largest economy out of 63 provinces and cities in Vietnam. The Gross Regional Domestic Product (GRDP) growth rate of the province in 2023 reached 10.34%, ranking 5th nationwide; this is the 9th consecutive year of double-digit growth for the city. It attracted a record-breaking foreign direct investment of 3.5 billion USD, ranking 2nd nationwide.
According to the plan, by 2030, Hai Phong is oriented to develop three key pillars: port logistics services; green, smart, and modern industry; and an international coastal tourism center with a population scale of about 4.5 million people, with a high level of development among the top cities in Asia and the world.
Hai Phong will transform its growth model towards greening its economic sectors, applying a circular economy model based on science and technology, digital technology application and transformation, becoming the driving force for the development of the Northern Delta region and the whole country.
The new city planning has been approved, but there are no detailed design plans yet. Below is the visionary future urban development of Hai Phong as created by AI ChatGPT.
In March, Ford Ranger Stormtrak, Volkswagen Teramont X, and Volvo S90 Recharge are set to hit the Vietnamese market. These new car models promise to deliver an exceptional driving experience with their innovative features and stylish designs. Whether it's the rugged versatility of the Ford Ranger Stormtrak, the luxurious spaciousness of the Volkswagen Teramont X, or the eco-friendly power of the Volvo S90 Recharge, there is a car for every taste and preference. Get ready to be impressed as these exciting new arrivals make their way to Vietnam this March.
At the conclusion of the Conference on the socio-economic situation in the first two months and the discussion of solutions for March, the Chairman of the People's Committee of Ho Chi Minh City, Phan Van Mai, emphasized the need to focus intensively on the key drivers of growth, particularly public investment, in the month of March.
In the bustling metropolis of Ho Chi Minh City, a concerning trend has emerged among property developers. To secure financing, they mortgage the land rights for their projects. However, they subsequently fail to fulfill their responsibilities in discharging the mortgages, leading to a significant impediment in the process of acquiring property titles (known as " sổ hồng" in Vietnamese). As a result, tens of thousands of homebuyers have been left in limbo, unable to obtain legal ownership of their dwellings.
On February 5th, the Government issued Decree 12, amending and supplementing certain provisions on land prices, which outlines four methods for land valuation and the conditions for applying each method.
The Chairman and Vice Chairman of a commune in Hung Ha district, Thai Binh province, have recently been arrested and detained in connection with illegal transfer of land use rights for rice cultivation.
The proposed replacement for Decision 60/2017 stipulates that all land plots, both before and after subdivision, must abut a transportation route approved by the relevant authorities.
The Hoang Anh Gia Lai Joint Stock Company (HAGL) has announced the resignation of Mr. Nguyen Chi Thang from their Board of Directors. Mr. Thang tendered his resignation on May 7th, citing personal reasons.
The market closed with the VN-Index down 3.94 points (-0.32%) to 1,244.7, while the HNX-Index climbed 1.1 points (0.47%) to 235.68. Bears dominated the market breadth with 396 declining stocks against 342 advancing ones. The large-cap stocks in the VN30-Index basket painted a similar picture, with 22 losers, 4 gainers, and 4 stocks closing flat.
The market ended the session on a positive note, with the VN-Index climbing 1.68% to 1,241.58 and the HNX-Index gaining 1.78% to close at 232.29. The market breadth tilted in favor of bulls with 583 advancing stocks against 189 declining ones. The large-cap stocks in the VN30 basket painted a rosy picture, as evident from 28 gainers and merely 2 losers.