Monday, December 18 2017

VietNamNews

Vung Tau creates new master plan

Update: September, 15/2014 - 10:39
By 2020, the southern coastal city of Vung Tau is expected to have a total population of 500,000 in five separate city sections, according to the latest master plan for the area. The central section will be located south of the airport, containing an administrative centre, trading, service and tourism areas.

The new urban area of Chi Linh - Phuoc Thang will become a new modern city. The urban area of Phuoc Co – Bac Phuoc Thang is designed to be an ecological area, and the urban area of Go Gang island will include training, finance, banking, trading, offices and deluxe apartments of an international standard. The Long Son urban area is expected to become an oil industry and port city.

Thanh Nien (Young People)

Companies fail to make insurance payments

Around 54,000 companies nationwide have not paid social insurance with total debt of VND11.5 trillion (US$550 million) to the end of August, affecting 714,000 labourers. The State budget also owes a total of VND2 trillion ($90 million) in social insurance.

Especially concerning is the amount of debt from bankrupt companies. By the end of the first quarter, there were 8,000 bankrupt companies with a total debt of VND623 billion ($30 million).

The Viet Nam Social Insurance has submitted solutions for social insurance debt to the Government. To ensure labourers' rights, one solution could require social insurance agencies officially confirm as soon as possible that employers have paid social insurance to their employees.

Tuoi Tre (Youth)

Railway projects become more costly

Finances for urban railway projects have increased by 60 -200 per cent compared with original plans due to price fluctuations, inflation, different designs for important works like tunnels, stations and fly-over bridges. Delayed ground clearance has also been a problem.

For example, funds for the second urban railway project from Nam Thang Long to Tran Hung Dao rose from VND19.5 trillion ($900 million) to VND51.7 trillion ($2.5 billion), even though it has not organised bidding.

Nguoi Lao Dong (The Labourer)

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